Yes Bank RuPay Credit Card – Benefits, Fees & Eligibility

Yes Bank RuPay Credit Card

Introduction

The Yes Bank RuPay Credit Card is a complimentary offering available in a virtual-only format for customers applying for another Yes Bank credit card. This card is lifetime free, carrying no joining or renewal fees, and is designed to provide the convenience of UPI payments while offering accelerated reward points on UPI spends. It allows users to link their RuPay credit card to UPI apps for seamless transactions.

Welcome Benefits

• N/A

Fees

• Joining Fee: Nil
• Renewal Fee: Nil
• Spend-Based Waiver: N/A
• Rewards Redemption Fee: Rs. 100 per redemption request
• Foreign Currency Markup: 2.75% of the transaction amount
• Interest Rates: 3.8% per month or 45.6% per annum
• Fuel Surcharge: 1% fuel surcharge waiver on transactions between Rs. 400 to Rs. 5,000, with the maximum benefit capped at Rs. 125 per statement cycle.
• Cash Advance Charges: N/A, as the card does not offer a cash advance facility.

Rewards

• Rewards Rate:
  • Earn 4 reward points per ₹200 spent on UPI transactions above ₹2,000.
  • Earn 2 reward points per ₹200 spent on other online spends.
• Movie & Dining: N/A
• Travel: N/A
• Domestic Lounge Access: N/A
• International Lounge Access: N/A
• Golf: N/A
• Insurance Benefits: N/A

Lifestyle Benefits

• Instant EMI: Convert spends as low as ₹1,500 into affordable EMIs.
• EMI on Call: Easily convert eligible spends into EMIs at low interest rates through on-call service.
• Quick Loan: In case of emergency requirements, get loans worth up to the credit card limit.
• Yes PayNow: Ensures monthly bills are paid on time.
• E-Mandate: Set up standing instructions for subscriptions, bill payments, insurance, and other recurring payments.

Rewards Redemption Guide

• Reward points earned can be redeemed against a host of different choices available at the Yes Rewardz portal.

Card Eligibility Criteria

• The Yes Bank RuPay Credit Card is a complimentary offering obtained when applying for another Yes Bank credit card.
• All Mastercard or Visa credit cardholders of Yes Bank are eligible for this card.
• The credit limit of the RuPay card is shared with the original credit card applied for.

Card Review

The Yes Bank RuPay Credit Card serves as an excellent user-friendly option, particularly for individuals new to credit cards or those prioritizing seamless UPI payment integration. It stands out by being a lifetime free card, completely devoid of any joining or annual fees. While it is exclusively offered in a virtual format, it delivers strong value through its accelerated reward structure, providing 4 reward points for every ₹200 spent on UPI transactions above ₹2,000 and 2 reward points on other online expenditures. Additionally, the card maintains a competitive foreign currency markup fee of 2.75%. Its primary appeal lies in combining the convenience and ease of UPI payments with a rewarding experience and no recurring fees.

Important Product Details

• This is a lifetime free credit card, with no joining or renewal fees.
• Offers convenience in making UPI transactions directly from the credit card.
• It is a virtual-only card; no physical card variant is provided.
• Cardholders earn 4 Reward Points per ₹200 spent on UPI transactions exceeding ₹2,000.
• Cardholders earn 2 Reward Points per ₹200 spent on other online transactions.
• The card features a low foreign currency markup fee of 2.75% of the transaction amount.

Other Details

• Best Suited For: Shopping.
• Reward Type: Reward Points.

Virtual-Only Card Information

• This card is offered solely in a virtual form, meaning no physical card will be issued.
• The credit limit for this RuPay card is shared with the primary Yes Bank credit card for which the customer originally applied.

How to Link the Yes Bank RuPay Credit Card to UPI Apps

• The Yes Bank RuPay Credit Card can be linked to major UPI applications, including Paytm, BHIM, Google Pay, and PhonePe.
• Other UPI applications are currently being updated to support RuPay credit card linking.
• Steps to link:
  • Launch your preferred UPI app and log in.
  • Select the ‘Add/Link Credit Card’ option.
  • Choose Yes Bank from the list of available banks.
  • Select the Yes Bank RuPay Credit Card and confirm.
  • Existing users of IRIS by Yes or Yes Mobile can use their MPIN as the UPI PIN. New users will need to set up a new UPI PIN.
  • Upon completion, the credit card will be successfully linked to the app.

How to Make UPI Payments with the Yes Bank RuPay Credit Card

• Steps to make payment:
  • Launch the UPI application and log in.
  • Scan the merchant’s QR Code to whom you wish to pay.
  • Enter the transaction amount.
  • Choose the Yes Bank RuPay Credit Card from the list of payment methods.
  • Enter your UPI PIN and confirm the transaction.
  • The UPI transaction using the credit card will then be processed successfully.

UPI Transaction Restrictions

• The Yes Bank RuPay Credit Card can only be used to make UPI payments to merchants.
• The card cannot be used for peer-to-peer (P2P) transactions on UPI apps.
• A separate UPI PIN is required for UPI payments made with this RuPay credit card.