Yes Private/Private Prime Credit Card – Benefits, Fees & Eligibility

Yes Private/Private Prime Credit Card

Introduction

Yes Bank’s Private and Private Prime credit cards are super premium invite-only offerings targeted at ultra-rich High Net-Worth Individuals (HNIs). Both cards are quite similar, with the Yes Private Card featuring a slightly higher joining fee and a few additional benefits, while the annual renewal fee remains consistent across both. These cards provide a wide array of premium privileges, including a 24x7 concierge service, complimentary golf rounds and lessons, comprehensive air travel insurance with a personal accident cover of Rs. 5 crore, and numerous other exclusive benefits designed for a luxurious lifestyle.

Welcome Benefits

• Yes Private Credit Card: 25,000 Reward Points upon the first successful transaction.
• Yes Private Prime Credit Card: 10,000 Reward Points upon the first successful transaction.

Fees

• Joining Fee:
  • Rs. 50,000 + GST for Yes Private Credit Card.
  • Rs. 20,000 + GST for Yes Private Prime Credit Card.
• Renewal Fee: Rs. 10,000 + GST.
• Spend-Based Waiver:
  • Renewal fee waived on spends of Rs. 25,00,000 for Yes Private Credit Card in the preceding year.
  • Renewal fee waived on spends of Rs. 20,00,000 for Yes Private Prime Credit Card in the preceding year.
• Rewards Redemption Fee: Nil.
• Foreign Currency Markup: 0.50%.
• Interest Rates:
  • 1.2% per month (14.4% annually) for Yes Bank savings/salary account holders.
  • 1.75% per month (21% annually) for others (as mentioned in one section).
  • 1.99% per month (23.88% annually) for others (as mentioned in another section).
• Fuel Surcharge: Waived off on transactions generally between Rs. 400 and Rs. 5,000. Another mention states waiver on transactions between Rs. 500 and Rs. 4,000. The maximum waived amount is capped at Rs. 1,000 per month.
• Cash Advance Charges: Nil.

Rewards

• Rewards Rate:
  • 24 Reward Points for every Rs. 200 spent on international transactions (as mentioned in one section).
  • 16 Reward Points for every Rs. 200 spent on domestic transactions (as mentioned in one section).
  • 40 Reward Points per Rs. 200 on international spends (as mentioned in another section).
  • 20 Reward Points per Rs. 200 on domestic spends (as mentioned in another section).
• Movies & Events:
  • Buy One Get One offer on BookMyShow for movie tickets, with a maximum of 4 complimentary tickets per month.
  • 50% off on event tickets on BookMyShow, with a maximum cap of Rs. 1,000 per month.
• Dining:
  • Benefits and offers available (details not fully specified).
• Travel:
  • Complimentary Lounge Key membership for primary and add-on card members.
  • Unlimited international airport lounge access for primary and add-on cardholders. Guest visits are limited to 10 per year.
  • Unlimited domestic airport lounge access under the MasterCard domestic lounge access program for primary and add-on cardmembers. Guest visits are limited to 12 per year.
  • Travel privileges including cruise programs, car rentals, and vacation packages.
  • Savings of up to USD 1,000 on round trip private air charter bookings.
  • USD 500 credit towards ground transportation with private air charter bookings.
  • Airport privileges include VIP meet and greet and airport invitation services.
  • USD 75 savings on all cruise bookings.
  • Car rental discounts on Sixt Rent A Car.
  • Discounts and benefits available on premium hotel chains like Grand Hyatt Melbourne, The Langham Sydney, International Melbourne, and Rialto.
  • E-gift vouchers from Oberoi hotels and resorts.
• Golf:
  • 12 rounds of complimentary green fees per year (maximum of 3 rounds per calendar quarter).
  • 4 complimentary green fee access to guests per year (maximum 1 complimentary guest green fee in a calendar quarter).
  • 12 complimentary golf lessons every year (maximum 3 lessons per calendar quarter).
  • Golf privileges at international golf courses, including TPC and PGA golf courses.
• Insurance Benefits:
  • Personal air accident cover worth Rs. 5 crore (in case of loss of life due to a flight accident).
  • Emergency overseas hospitalization cover worth Rs. 1 crore.
  • Credit Shield cover worth Rs. 15 lakh (in case of the primary cardholder’s accidental death).
• Lifestyle & Wellness:
  • Complimentary wellness and medical benefits.
• Other Benefits:
  • 24x7 concierge service.
  • Milestone benefit of 10,000 Reward Points on total spends of Rs. 10 lakh within the first 90 days of card issuance.

Rewards Redemption Guide

• Reward Points can be redeemed on the YesRewardz portal for flight/hotel/movie ticket bookings.
• Reward Points can also be redeemed against products and vouchers from the bank's catalogue.
• The value of 1 Reward Point is Rs. 0.25.
• Redemption can also be done by dialing the dedicated Yes Rewardz desk number, 1800 121 4444.
• Yes Bank Reward Points are valid for a period of 3 years from the date of accrual and expire thereafter.

Card Eligibility Criteria

• Both Yes Private and Private Prime Credit Cards are invite-only.
• To be eligible for Yes Private Credit Cards, the following conditions need to be fulfilled:
  • Total Relationship Value of Rs. 5 crores.
  • Minimum liability relationship value of 3 crores (CASA AMB Plus FD).

Card Review

The Yes Private and Private Prime Credit Cards are designed for affluent HNIs, offering significant premium benefits that justify their high membership fees. The key differences lie in the joining fee (higher for the Private card) and a few exclusive additional benefits for the Private card. A notable attractive feature across the Yes Bank Private Credit Card series is the low foreign currency markup fee of 0.50%. These cards are best suited for individuals with extensive travel and shopping needs.

Important Product Details

• Welcome gift of 25,000 Reward Points on the first transaction with Yes Private Credit Card.
• Milestone benefit of 10,000 Reward Points on total spends of Rs. 10 lakh in the first 90 days of card issuance.
• Reward points earning: 40 Reward Points per Rs. 200 on international spends and 20 Reward Points per Rs. 200 on domestic spends.
• Lower interest rate of 1.2% per month (for Yes Bank account holders) and 1.75% for others.
• Lower foreign currency mark-up fee of 0.50% on all foreign currency transactions.
• Unlimited domestic lounge visits for primary and add-on cardholders, with 10 complimentary guest visits per year (note: another section mentions 12 guest visits for domestic lounge access).
• Complimentary Lounge Key membership for both primary and add-on card members.
• Extensive travel benefits including cruise programs, car rentals, vacation packages, and Oberoi gift vouchers.
• Air travel-related insurance benefits, including accidental death coverage of Rs. 5 crores.
• Credit Shield cover of Rs. 15 lakh in case of accidental death of the primary cardholder.
• Golf benefits include 12 rounds of complimentary green fees for a year (maximum 3 rounds per calendar quarter).
• 12 complimentary golf lessons every year, with a maximum cap of 3 lessons per calendar quarter.
• Complimentary wellness and medical benefits.
• Fuel surcharge waived off at all fuel stations across India for transactions between Rs. 500 and Rs. 4,000 (note: another section mentions Rs. 400 and Rs. 5,000).

Other Details

• Credit Card Bill Payment: Easy ways are available to make Yes Bank Credit Card bill payments.
• Loss of Card: Zero liability protection applies for fraudulent transactions made after reporting the loss of card to the bank’s customer care. However, liability for transactions made before reporting the loss rests with the cardholder.
• MasterCard Offers: All offers are subject to availability and the terms and conditions of respective third-party vendors for Yes Private Credit Cards issued in India.
• Important Documents:
  • Terms and conditions for Mastercard Offers Programs for Yes Private Credit Card.
  • Information regarding Yes Private Card hotlisting assistance (for loss of card).
  • Grievance Redressal information.
  • Form Centre.