YES BankIs the YES Prosperity Rewards Credit Card Right for You?
The YES Prosperity Rewards Credit Card is best suited for users who prioritize Shopping, Dining, Travel. With a joining fee of ₹499 + GST and a renewal fee of ₹499 + GST, this card is positioned for cardholders who can maximize its benefits to justify the cost. It offers Reward Points as its primary reward mechanism, with a rewards rate of Earn 4X RP on dining & travel (capped monthly). Earn 2X RP on most categories & 1X RP on select categories..
Key Card Details
₹499 + GST
₹499 + GST
Reward Points
3.4% markup on international spends.
Notable Perks
Domestic Lounge
Not Applicable
International Lounge
Not Applicable
Insurance
Not Applicable
Fee Waiver
Joining fee waived on ₹10k spend in 30 days. Annual fee waived on ₹1 Lakh annual spend.
Movie Benefits
Not Applicable
Golf
Not Applicable
Things to Consider
The monthly cap on accelerated reward points for dining and travel limits benefits.
A redemption fee of ₹100 is charged for every reward point redemption transaction.
The foreign currency markup of 3.4% makes international spends less rewarding.
Benefits & Features
Welcome Offer
Not Applicable
Rewards Rate
Earn 4X RP on dining & travel (capped monthly). Earn 2X RP on most categories & 1X RP on select categories.
Reward Type
Reward Points
Reward Redemption
Redeem via YESREWARDZ portal for product catalog, convert to Air Miles (10 RP = 1 Mile). Value varies.
Domestic Lounge Access
Not Applicable
International Lounge Access
Not Applicable
Premium Benefits
Not Applicable
Insurance Coverage
Not Applicable
Movie
Not Applicable
Dining
15% discount at select restaurants.
Travel Benefits
Earn 4X RP on dining & travel. Redeem points for hotel/flight bookings at ₹0.25/RP. Access YES Privileges offers.
What matters, explained clearly
Introduction
The YES Prosperity Rewards Credit Card is designed to reward cardholders for every expenditure, offering significant value with a minimal annual fee. Users can earn up to 2 reward points for every ₹200 spent on most categories, and 1 reward point on select categories. These reward points are flexible, redeemable via the YesRewardz portal for a product catalog or convertible into Air Miles.
Fees
- Joining Fee: ₹499 + GST
- Renewal Fee: ₹499 + GST
- Spend-Based Waiver:
- The joining fee is waived on spending ₹10,000 within the first 30 days of card issuance.
- The annual fee is waived on annual spends of ₹1 Lakh for the subsequent year.
- Rewards Redemption Fee: ₹100
- Foreign Currency Markup: 3.4%
- Interest Rates: 3.8% per month
- Fuel Surcharge: 1% surcharge waiver on fuel transactions across all fuel stations for transactions between ₹400 to ₹5000.
- Cash Advance Charges: 2.5% of the transaction amount, subject to a minimum charge of ₹300.
Rewards
- Rewards Rate:
- Earn 4 Reward Points for every ₹200 spent on dining and travel, capped at 750 Reward Points monthly.
- Earn 2 Reward Points for every ₹200 spent on all categories other than select categories.
- Earn 1 Reward Point for every ₹200 spent on select categories.
- Receive accelerated reward points on select transactions made via YESCART.
- Milestone Benefits:
- Earn 10,000 reward points on annual spending of ₹1,80,000 or more in the anniversary year.
- Dining & Lifestyle:
- Enjoy a 15% discount at select restaurants.
- Avail great offers across travel, dining, shopping, wellness, and more in select cities through YES Privileges.
- Fuel Surcharge Waiver:
- Get a 1% surcharge waiver on fuel transactions at all fuel stations in India for transactions between ₹400 to ₹5000.
Rewards Redemption Guide
- Reward points can be redeemed from the product catalog available on the YESREWARDZ portal.
- Reward points can be converted to Air Miles at a rate of 10 Reward Points = 1 InterMile or 1 Club Vistara.
- The value of 1 reward point is equivalent to ₹0.25 for hotel and flight bookings.
- The value of 1 reward point is equivalent to ₹0.10 for redeeming against shopping, e-vouchers, movies, and recharges.
- A Rewards Redemption Fee of ₹100 is charged per redemption.
Card Eligibility Criteria
Salaried Employees
- Age: 21 Years - 60 Years
- Income: Minimum ₹3,00,000 per annum
Self-Employed Individuals
- Age: 21 Years - 70 Years
- Income: Minimum ₹5,00,000 per annum (as per ITR)
Card Review
The YES Prosperity Rewards Credit Card is an entry-level offering from YES Bank, providing a decent reward rate on everyday expenditures, particularly shopping. It offers value through its structured reward program, including accelerated points on dining and travel, and the ability to convert points to Air Miles or redeem them via the YESREWARDZ portal. The card is ideal for individuals who prioritize rewards on their spending and can meet the annual spend threshold to waive the renewal fee. It is best suited for individuals with moderate spending habits focused on shopping, dining, and travel.
Important Product Details
- Annual fee of ₹499 plus applicable taxes.
- Joining fee waiver on spending ₹10,000 within the first 30 days of card issuance.
- Annual fee waiver on annual spending of ₹1 lakh.
- Earn 2 Reward Points for every ₹200 spent on all categories other than select categories.
- Earn 1 Reward Point for every ₹200 spent on select categories.
- Earn 4 Reward Points for every ₹200 spent on dining and travel.
- Milestone benefit of 10,000 reward points on annual spending of ₹1,80,000 or more.
- 1% surcharge waiver on fuel transactions across all fuel stations.
- 15% discount at select restaurants.
Other Details
Instant EMI Facility
- Cardholders can access an instant loan by converting transactions into EMI.
- Transactions of ₹2500 or more can be converted into an EMI.
- Reward points are earned on transactions that are converted into an EMI.
- No documentation is required for conversion.
- Zero processing fee is charged on conversion.
- Interest rates for EMIs range from 12% pa to 15% pa.
- Repayment period options are available from 3 months to 24 months.