YES Prosperity Cashback Plus Credit Card – Benefits, Fees & Eligibility

YES Prosperity Cashback Plus Credit Card

Introduction

The YES Prosperity Cashback Plus Credit Card is designed to offer exclusive cashback benefits. It comes with a joining fee of Rs. 1,499 and provides a standard cashback of 0.75% on all retail spends. Cardholders can enjoy enhanced cashback of 5% on specific categories like groceries and movie ticket bookings (capped at Rs. 100 per statement cycle), and also 5% cashback on utility bill payments via YES PayNow. As a welcome incentive, the card provides a Rs. 250 cashback on a minimum transaction of Rs. 2,500 within the initial 30 days of card receipt. Additionally, it includes benefits such as a credit shield cover and zero liability protection for lost or stolen cards, making it a valuable option for everyday savings.

Welcome Benefits

• Get a cashback of Rs. 250 on a minimum spend of Rs. 2,500 within the first 30 days after receiving your card.
• This welcome benefit is valid for retail spends only and does not apply to cash withdrawals.

Fees

• Joining Fee: Rs. 1,499 + GST
• Renewal Fee: Rs. 1,499 + GST
• Spend-Based Waiver: Not applicable
• Rewards Redemption Fee: Rs. 100 on every redemption request
• Foreign Currency Markup: 3.4% on all foreign currency spends
• Interest Rates: 3.5% per month
• Fuel Surcharge: 1% fuel surcharge is waived for transactions between Rs. 400 and Rs. 5,000 at all fuel stations in India.
• Maximum Fuel Surcharge Waiver Benefit: Capped at Rs. 125 per month.
• Cash Advance Charges: 2.5% of the withdrawn amount or Rs. 300, whichever is higher.

Rewards

• General Cashback: 0.75% cashback on all retail purchases (excluding fuel).
• Movies: Get 5% cashback on movie ticket bookings for a minimum transaction of Rs. 100.
  • The maximum benefit for movie bookings is capped at Rs. 100 per statement cycle.
• Groceries: Get 5% cashback on grocery purchases for a minimum transaction of Rs. 500.
  • The maximum benefit for grocery purchases is capped at Rs. 100 per statement cycle.
• Utility Bills: Get 5% cashback on paying utility bills through YES PayNow.
• Insurance Benefits: A credit shield cover is provided in case of the accidental death of the primary cardholder.
• Fuel Surcharge Waiver: Enjoy a 1% fuel surcharge waiver at all fuel stations in India for transactions between Rs. 400 and Rs. 5,000, with a maximum benefit of Rs. 125 per month.
• Other Offers: Avail exciting offers on travel, shopping, dining, and wellness through Yes Privileges.
• Card Protection: Benefit from zero liability protection against a lost or stolen card.

Rewards Redemption Guide

• The cashback earned using the Prosperity Cashback Plus Card is automatically credited to your credit card account after making an eligible purchase.
• Once credited, this cashback can be utilized for any purchases or applied against the card's outstanding balance.

Card Eligibility Criteria

• Age: The applicant's age should be between 21 years and 60 years.
• Employment Status: The applicant must be either salaried or self-employed.
• Income:
  • For salaried individuals: A minimum monthly salary of Rs. 35,000.
  • For self-employed individuals: An Income Tax Return (ITR) of Rs. 5 lakhs or more.

Documents Required

• Identity Proof: Any one of the following: Aadhar Card, PAN Card, Driving License, Passport.
• Address Proof: Any one of the following: Latest utility bills, Passport, Aadhar Card, Driving License.
• Proof of Income:
  • For salaried individuals: Latest salary slips or bank statements.
  • For self-employed individuals: Latest Income Tax Return (ITR).

Card Review

The YES Prosperity Cashback Plus Credit Card is an excellent choice for individuals seeking to maximize savings through cashback on everyday spending, particularly those who frequently spend on shopping, groceries, movies, and utility bills. Its appealing features include a competitive 0.75% cashback on all retail spends, significantly boosted to 5% for specific categories like movies, groceries, and utility bill payments. The card also offers a valuable welcome cashback benefit and a fuel surcharge waiver, enhancing its overall value proposition. Furthermore, essential protection like a credit shield cover and zero liability protection provides added security. With a decent joining fee and comprehensive cashback offers, this card is well-suited for consumers looking for a rewarding and secure credit card experience. It is best suited for shopping.

Important Product Details

• Key Benefits:
  • 0.75% cashback on all retail spending (excluding fuel).
  • 5% cashback on movie ticket bookings (capped at Rs. 100 per statement cycle).
  • 5% cashback on grocery purchases (capped at Rs. 100 per statement cycle).
  • 5% cashback on utility bill payments via YES PayNow.
  • Welcome cashback of Rs. 250 on spending Rs. 2,500 within the first 30 days.
  • 1% fuel surcharge waiver (capped at Rs. 125 per month) on transactions between Rs. 400 and Rs. 5,000.
  • Credit shield cover in case of accidental death of the primary cardholder.
  • Zero liability protection for lost or stolen cards.
  • Access to exciting offers on travel, shopping, dining, and wellness through Yes Privileges.
• Key Fees/Charges:
  • Joining Fee: Rs. 1,499 + GST.
  • Renewal Fee: Rs. 1,499 + GST.
  • Rewards Redemption Fee: Rs. 100 per request.
  • Foreign Currency Markup: 3.4%.
  • Interest Rate: 3.5% per month.
  • Cash Advance Charges: 2.5% of the withdrawn amount or Rs. 300 (whichever is higher).

Other Details

• How to Apply:
  • Applicants can visit the nearest YES Bank branch with all the required documents and fill out a physical application form.
  • Alternatively, you can apply online via the official YES Bank website. Navigate to the "Apply for a credit card" section, select the YES Prosperity Cashback Plus Credit Card, fill in all necessary details, and complete the required formalities.