YES PROSPERITY Business Credit Card – Benefits, Fees & Eligibility

Introduction

The YES PROSPERITY Business Credit Card is designed to support businesses and is positioned as a less premium alternative to the YES FIRST Business Credit Card. It offers similar features but in a more limited capacity, providing reward points on various business transactions across select and all other categories. This card comes with benefits spanning travel, lifestyle, and more, including milestone benefits, spend-based waiver options, and a fuel surcharge waiver. A notable feature is its low foreign currency markup of 2.5% on international transactions, which is competitive compared to other business cards. Cardholders also enjoy complimentary domestic airport lounge access for business travel and a golf program, all for an annual fee of ₹499 + GST.

Welcome Benefits

• Spend ₹10,000 within the first 30 days from card activation to get the joining fee waived.

Fees

• Joining Fee: ₹499 + GST
• Renewal Fee: ₹499 + GST
• Spend-Based Waiver:
  • Joining fee waived on spending ₹10,000 within the first 30 days from card activation.
  • Annual fee waived on spending ₹1,00,000 in the card anniversary year.
• Rewards Redemption Fee: ₹100 + GST
• Foreign Currency Markup: 2.5% of the transaction amount (plus applicable taxes).
• Interest Rates: 3.99% per month (47.88% per annum).
• Fuel Surcharge: 1% fuel surcharge waiver for transactions between ₹400 to ₹5,000. Maximum surcharge waiver is capped at ₹500 per statement cycle.
• Cash Advance Charges: 2.5% of the withdrawn amount, subject to a minimum charge of ₹300.

Rewards

• Reward Rate:
  • 8 Reward Points for every ₹200 spent on Air, Hotel, Dining, Travel, and Rented Vehicles. A maximum of 1,500 points can be earned each statement cycle in this category.
  • 2 Reward Points for every ₹200 spent on Select Categories.
  • 4 Reward Points for every ₹200 spent on All Other Eligible Spends.
• Milestone Benefits: Get 10,000 Reward Points on achieving annual spends of ₹6 Lakh or more in each anniversary year.
• Domestic Lounge Access: 1 complimentary Domestic Lounge access per quarter, unlocked by spending ₹50,000 or more in the previous quarter.
• International Lounge Access: Not available (formerly offered but now discontinued).
• Golf:
  • 1 complimentary golf lesson each month.
  • Green fee waiver.
  • Booking requires creating an account with TeePass India Golf Program.
• Insurance Benefits:
  • Air Accident Insurance: Up to ₹1 Crore cover.
  • Medical Emergency Insurance: Up to ₹25 Lakh cover (only on foreign travel).
  • Credit Shield: Up to ₹8 Lakh cover.

Rewards Redemption Guide

• Reward Points can be redeemed via the YesRewardz portal.
• Redemption options include:
  • Flight ticket bookings.
  • Hotel bookings.
  • Movie ticket bookings.
  • An exclusive catalogue of products.

Card Eligibility Criteria

• Age: Applicant's age should be between 21 years and 70 years.
• Employment Type: Applicant should be Self-Employed, Proprietors, or Partners of Partnership firms.
• Income: Minimum Income Tax Return (ITR) of ₹7.5 Lakh.
• Credit Score: Applicant should have a decent credit score, and the business credit score may also be an important factor.

Card Review

The YES PROSPERITY Business Credit Card offers a compelling value proposition for businesses seeking a balance of benefits and affordability. While it shares features with the YES First Business Credit Card, it's tailored for those who prefer benefits in a more focused manner and at a lower cost. With an annual fee of just ₹499 + GST, the card provides attractive reward points, significant milestone benefits, and a practical fuel surcharge waiver. Its travel benefits, including domestic lounge access, are commendable for its price segment. The inclusion of a complimentary golf program adds a touch of premium appeal. Furthermore, the low foreign currency markup of 2.5% is a significant advantage for international business transactions. This card is well-suited for businesses looking to optimize their operational expenses and gain valuable perks across travel, fuel, golf, and lifestyle without a high annual commitment.

Important Product Details

• Foreign currency markup fee of 2.5%.
• 10,000 Reward Points on annual spends of ₹6 Lakh or more.
• 8 Reward Points for every ₹200 spent on travel-related categories (Air, Hotel, Dining, Travel, Rented Vehicles).
• 1 complimentary Domestic Lounge access per quarter, based on previous quarter's spend.
• 1 complimentary golf lesson every month.
• Comprehensive insurance benefits including Air Accident Insurance (up to ₹1 Crore), Medical Emergency Insurance for foreign travel (up to ₹25 Lakh), and Credit Shield (up to ₹8 Lakh).
• 1% Fuel surcharge waiver across fuel stations in India.
• First-year membership fee waiver on spending ₹10,000 within the first 30 days.
• Renewal fee waiver on spending ₹1 Lakh in the card anniversary year.

Other Details

How To Apply For The YES PROSPERITY Business Credit Card

• Online Application:
  • Click on "Apply Now".
  • Select the desired credit card.
  • Fill in personal details.
  • Submit the application.
• Offline Application:
  • Visit the nearest YES Bank branch.
  • Bring all required documents.
  • Fill out the physical application form.

YES PROSPERITY Business Credit Card Bill Payment

• For YES Bank Account Holders:
  • Make credit card payments online through YES BANK NetBanking.
  • Set up an automatic debit instruction to pay a portion of the monthly outstanding bill from a Savings or Current Account to the Credit Card Account.
• For All Customers:
  • Use NEFT/IMPS/RTGS fund transfer mode from other bank accounts by adding the YES BANK Credit Card as a beneficiary. Use IFSC code: YESB0CMSNOC.
  • Make bill payments through the Billdesk facility.
  • Pay by cheque, quoting the 16-digit credit card number and dropping it at any Yes Bank drop box. Mention name and mobile number on the back of the cheque.
  • Make cash payments at YES BANK Branches (charges may apply as per the schedule of Charges in the Most Important Terms & Conditions).

YES Bank Customer Care

• Toll-Free (Mobile & Landlines in India): 1800 103 6000
• Calls from Outside India: +91 22 4935 0000
• Email: yesfirstcc@yesbank.in

Instant EMI Option

• Transactions can be converted into easy EMIs with the YES PROSPERITY Business Credit Card.