YES Elite+ Credit Card – Benefits, Fees & Eligibility

Introduction

The YES Elite+ Credit Card, also known as the YES Premia Credit Card, is a premium offering from Yes Bank designed to provide cardholders with a range of exclusive benefits across various categories. It comes with a joining fee of ₹999, which can be waived upon achieving a specified spending target. Cardholders can enjoy accelerated reward points on online and offline spending, a significant discount on movie bookings, complimentary access to both domestic and international airport lounges, and a competitive foreign currency markup fee of 2.75%.

Welcome Benefits

• The joining fee of ₹999 + GST can be waived if you spend ₹20,000 within the first 30 days of card activation.

Fees

• Joining Fee: ₹999 + GST
• Renewal Fee: ₹999 + GST
• Spend-Based Waiver:
  • Joining Fee Waiver: Spend ₹20,000 within 30 days of card issuance.
  • Annual Fee Waiver: Spend ₹2 Lakh or more in a year.
• Rewards Redemption Fee: ₹100 + GST
• Foreign Currency Markup: 2.75% on all foreign currency transactions.
• Interest Rates: 3.99% Per Month (47.88% Annually)
• Fuel Surcharge:
  • 1% fuel surcharge waiver on fuel transactions between ₹400 and ₹5,000.
  • Maximum benefit of ₹250 every month.
• Cash Advance Charges: 2.5% or ₹500 (whichever is higher).
• Utility Transactions: 1% charge will apply to utility transactions over ₹15,000 per month.
• Rental and Wallet Transactions: A 1% charge will apply.

Rewards

Rewards Rate

• Earn 12 Reward Points per ₹200 spent online.
  • Maximum cap of 12,000 Reward Points per statement cycle for online shopping.
• Earn 6 Reward Points per ₹200 spent offline.
• Earn 4 Reward Points per ₹200 spent on select categories including insurance, education, rental payments, utilities, and government services.
  • Reward earnings on utility payments are capped at 300 Reward Points per statement cycle.
• Reward Points are valid for a period of 36 months.
• No Reward Points shall be earned for fuel transactions, rental payments, wallet transactions, EMI spends, and cash withdrawals.

Movies

• Get a 25% discount on movie bookings via BookMyShow (website and app).
• Maximum benefit of ₹250 in a calendar month.
• Potential annual savings of up to ₹3,000 on movie ticket bookings.

Dining

• Enjoy discounts of up to 25% with the Yes Bank Dining Fiesta program at over 1,000 select restaurants.

Travel

• Domestic Lounge Access:
  • 2 complimentary lounge access per calendar quarter for primary cardholders.
  • This allows access to domestic lounges eight times a year without additional charges.
  • Starting April 1st, 2024, access will be based on spending criteria:
    • For April - June quarter, required spending is ₹10,000.
    • For July - September quarter, required spending is ₹35,000.
• International Lounge Access:
  • 3 complimentary airport lounge access outside India per year.
  • Charges will apply after these 3 complimentary visits.

Golf

• Get 4 green fee waivers at selected golf courses across India.
• Enjoy 1 complimentary golf lesson every calendar month at selected golf courses all over India.

Insurance

• A Credit Shield Cover worth ₹3 lakhs.
• Lost Card Liability of ₹3 lakhs.
• Purchase Protection Plan (up to ₹50,000).

Rewards Subscription Plan

• You can opt for a Rewards Subscription Plan to earn accelerated Reward Points on specified categories.
• Additional YES Rewardz Points per statement cycle will be capped at 75,000 per customer.
• First Subscription Plan:
  • Fee (One Year): ₹1,500
  • Benefits: 3X YES Rewardz Points (Offline or Select Category Spends).
• Second Subscription Plan:
  • Fee (One Year): ₹2,500
  • Benefits: 5X YES Rewardz Points (Travel, Dining, Fashion, and Healthcare).

Rewards Redemption Guide

• The Reward Points earned are redeemable through Yes Rewardz for movie, flight, or hotel bookings.
• 1 Reward Point = ₹0.25 when redeeming against hotel/flight bookings.
• A Rewards Redemption Fee of ₹100 + GST is applicable on every redemption request.

Card Eligibility Criteria

• Age: Applicant should be between 21 years and 60 years of age.
• Employment: Applicants can be either self-employed or salaried.
• Income: Minimum income of ₹1 lakh per month or an Income Tax Return (ITR) of ₹9 lakhs or more.

Card Review

The YES Elite+ Credit Card, also known as the Premia/Elite Card, is an ideal mid-segment credit card from YES Bank. It offers a comprehensive suite of features comparable to other premium cards. The card provides exclusive reward offers, exciting travel benefits including domestic and international lounge access, discounts on movies and dining, golf benefits, and a fuel surcharge waiver. A notable advantage is its low foreign currency markup fee of just 2.75%, making it highly suitable for individuals who frequently engage in international transactions. Combined with the possibility of waiving both joining and annual fees, the YES Elite+ Credit Card presents an excellent option for those seeking a card with extensive benefits at a competitive fee structure.

Important Product Details

• Earn 12 Reward Points per ₹200 spent online, capped at 12,000 RPs per statement cycle.
• Earn 6 Reward Points per ₹200 spent offline.
• Earn 4 Reward Points per ₹200 spent on utilities, government services, insurance, education, and rental payments, with utility earnings capped at 300 RPs per statement cycle.
• Avail a 25% discount on movie tickets through BookMyShow, with a maximum monthly benefit of ₹250.
• Enjoy 3 complimentary international lounge access per year.
• Receive 2 complimentary domestic lounge access per quarter, though these will become spend-based from April 1st, 2024.
• Benefit from 4 green fee waivers and 1 complimentary golf lesson each month.
• Joining and annual fees can be waived by meeting specific spending targets (₹20,000 in 30 days for joining fee, ₹2 lakh annually for renewal fee).
• Features a low foreign currency markup fee of 2.75%.
• Includes insurance benefits such as a ₹3 lakh Credit Shield Cover, ₹3 lakh Lost Card Liability, and up to ₹50,000 Purchase Protection.
• Reward Points are valid for 36 months.
• A 1% charge applies to utility transactions over ₹15,000/month and all rental and wallet transactions.
• No Reward Points are earned for fuel transactions, rental payments, wallet transactions, EMI spends, and cash withdrawals.
• A Reward Redemption Fee of ₹100 + GST is applicable.

Other Details

• The YES Elite+ Credit Card can also be obtained as a secured credit card against a fixed deposit.
• Applicants can apply for the card online by filling out an application form on the bank's page, or offline by visiting a bank branch. Essential documents like PAN Card and employment details are typically required.