YES Select Credit Card – Benefits, Fees & Eligibility

YES Select Credit Card

The YES Select Credit Card, formerly known as the YES Bank Prosperity Edge Card, is tailored to make online shopping more rewarding through accelerated points. This card provides a host of benefits, including domestic lounge access, exclusive offers on dining and travel, and robust security features, aiming to enrich every transaction. It is particularly suitable for individuals who prioritize saving through a comprehensive reward points system. Key advantages include exciting reward point accrual, waivers on joining and renewal fees based on spending, complimentary travel privileges, and fuel surcharge waivers.

Welcome Benefits

No specific welcome benefits are explicitly mentioned other than the joining fee waiver on achieving a spend threshold.

Fees

• Joining Fee: INR 599 + applicable taxes.
  • Waived on total retail spends of ₹10,000 within one month of the card setup date.
• Renewal Fee: INR 599 + applicable taxes.
  • Waived on total retail spends of ₹1 lakh within 12 months prior to the card renewal date.
• Interest Rates: 3.99% per month (47.88% annually) on Revolving Credit, Cash Advances, and Overdue Amount.
• Rewards Redemption Fee: ₹100 + GST.
• Foreign Currency Markup: 2.75% on all foreign currency spends.
• Fuel Surcharge: 1% fuel surcharge waiver at all fuel stations in India for transactions between Rs. 400 and Rs. 5,000.
  • The total waiver in a statement cycle is capped at INR 125. GST levied on surcharge will not be waived.
  • A charge of 1% + applicable GST will be levied on every fuel transaction with a value greater than INR 10,000.
  • Effective 15th October 2025, the fee capping for fuel transactions is revised to INR 5,000 per transaction (previously INR 5,000 per calendar month prior to 15th October 2025).
  • Applicable Merchant Category Codes (MCCs) for fuel include:
    • 5172: Petroleum and Petroleum Products
    • 5541: Service Stations (with or without Ancillary Services)
    • 5542: Fuel Dispenser, Automated
    • 5983: Fuel Dealers-Coal, Fuel Oil, Liquefied Petroleum, Wood
    • 9752: UK Petrol Stations Electronic HotFile
• Cash Advance Charges: 3.5% of the amount withdrawn.
• Rental Transaction Fees:
  • Capped at 5 transactions per 30 days.
  • 1% of transaction value or INR 1 (whichever is higher) will be levied as a fee for transaction amounts up to INR 1,000.
  • 1% of transaction value or INR 199 (whichever is higher) will be levied as a fee for transaction amounts above INR 1,000.
  • Applicable MCC for rental is 6513 (Real Estate Agents and Managers-Rentals).
• Wallet Transaction Fees:
  • A minimum of 1% of the transaction value or Rs 1 (whichever is higher) will be levied on all Wallet transactions.
  • Applicable MCC for wallet is 6540 (Account funding, stored value card purchase, prepaid load (non-financial institution) or POI (Point of Interaction) Funding Transactions).
• Utility Charges:
  • A charge of 1% + applicable GST will be applicable on all utility transactions on spends above ₹15,000 in a month.
  • The fee is capped at Rs.3000 in a month.
  • Example: Utility Spends of INR 10,000 in a month will not attract any charges as it is below the threshold. Utility Spends of INR 20,000 in a month will attract a 1% fee of INR 200 + taxes as it is above the threshold.
  • Applicable MCC for utility is 4900 (Utilities-Electric, Gas, Heating Oil, Sanitary, Water).
• Education Fee Payment Charges (applicable from 1st October 2024 onwards):
  • 1% fee + applicable GST will be levied on education transactions done through third-party websites and applications (including but not limited to CRED, PhonePe, Housing.com, No-broker, Cheq etc.) in a calendar month.
  • The fee is capped at INR 5,000 per calendar month.
  • Applicable MCCs for education include:
    • 8211: Schools, Elementary and Secondary
    • 8220: Colleges, Universities, Professional Schools, and Junior Colleges
    • 8241: Schools, Correspondence
    • 8244: Schools, Business and Secretarial
    • 8249: Schools, Trade and Vocational
    • 8299: Schools and Educational Services-not elsewhere classified
• Tolls/Bridges Transaction Charge (applicable from 15th October 2025 onwards):
  • 1% fee + applicable GST will be levied on every tolls/bridges transaction of value greater than INR 10,000.
  • The fee will be capped at INR 5,000 per transaction.
  • Example: Tolls/bridges Transaction of INR 9,000 will not attract any fee as it is below the threshold. Tolls/bridges Transaction of INR 20,000 will attract a 1% fee of INR 200 + applicable GST as it is above the threshold.
  • Applicable MCC for Tolls and Bridges is 4784.

Rewards

• Reward Points Accrual:
  • 8 YES Rewardz Points on every INR 200 spent on online shopping (excluding Select categories).
  • 4 YES Rewardz Points on every INR 200 spent on offline shopping (excluding Select categories).
  • 2 YES Rewardz Points on every INR 200 spent on Select categories.
  • Select categories for 2 Reward Points include:
    • Cable, Satellite and Other Pay Television/Radio/Streaming Services (MCC 4899)
    • Utilities-Electric, Gas, Heating Oil, Sanitary, Water (MCC 4900)
    • Insurance Sales, Underwriting, and Premiums (MCC 6300, 6381)
    • Schools, Elementary and Secondary (MCC 8211)
    • Colleges, Universities, Professional Schools, and Junior Colleges (MCC 8220)
    • Schools, Correspondence (MCC 8241)
    • Schools, Business and Secretarial (MCC 8244)
    • Schools, Trade and Vocational (MCC 8249)
    • Schools and Educational Services-not elsewhere classified (MCC 8299)
• Reward Points Exclusions:
  • No Rewardz Points will be awarded on transactions for Rental, Wallet, Fuel, Government, and Marketing/Advertising categories.
  • No Rewardz Points for Cash withdrawals, Post Purchase EMI & Instant EMI transactions.
  • Specific Government Services MCCs where no points are awarded: 9034, 9211, 9222, 9223, 9311, 9399, 9402, 9405, 9700, 9701, 9702, 9751, 9754, 9950.
  • Specific Marketing/Advertising MCCs where no points are awarded: 5960, 5962, 5964, 5965, 5966, 5967, 5968, 5969, 7311.
• Reward Point Caps:
  • Maximum cap of 5000 reward points per statement cycle for online shopping.
  • Capping of YES Rewardz Points earned on Utility Spends (MCC 4900) is 150 per statement cycle.
• Travel Benefits:
  • 1 complimentary domestic lounge access each calendar quarter across over 30 lounges in India (subject to meeting a specified spending threshold).
• Golf Benefits:
  • 4 complimentary rounds of green fees per calendar year at selected golf courses in India.
  • 1 complimentary golf lesson per calendar month.
• Insurance Benefits:
  • Purchase Protection is provided for mobile phones and electronics purchased online, covering accidental damages for 6 months.
• Lifestyle Benefits:
  • Avail great offers on travel, dining, and shopping in selected Indian cities.
  • The card is enabled with contactless technology for secure payments at all retail outlets.

Rewards Redemption Guide

• Reward points can be redeemed through the dedicated YES Rewardz portal (credit.yesrewardz.com).
• Redemption Value:
  • 1 Reward Point = ₹0.25 for redemption against hotel/flight bookings.
  • 1 Reward Point = ₹0.10 for redemption against movie ticket bookings, bill payments, gift vouchers, product catalogue, charity, and golf.
• Redemption Fee: A reward redemption fee of ₹100 + GST is charged.

Card Eligibility Criteria

• Age: 21 to 60 years.
• Employment Status: Available for Salaried or Self-Employed individuals.
• Income:
  • For Salaried Employees: Minimum Net Salary of INR 50,000 per month.
  • For Self-Employed Individuals: Minimum Income Tax Return (ITR) of INR 7.5 Lakhs and above.
• Exclusion: Individuals already holding any other YES BANK Credit Card are not eligible for this card.
• RuPay Variant: Existing Mastercard/Visa holders have the option to apply for a Virtual RuPay Card.

Card Review

The YES Select Credit Card is an excellent choice for individuals who value a strong reward program and desire a range of supplementary benefits. It presents significant opportunities to save across various spending categories. Beyond just rewards, the card extends valuable travel benefits, including domestic lounge access, and notable golf privileges, making it highly attractive for frequent travelers and golf enthusiasts. Prospective applicants should carefully consider their spending patterns and lifestyle to ensure this card aligns with their financial goals and helps maintain a healthy credit score.

Important Product Details

• Positive Highlights:
  • Accelerated reward points on online shopping (8 Reward Points for every INR 200).
  • Preferential foreign currency markup of 2.75%.
  • Dedicated online portal for reward redemption.
  • Waivers on both joining and renewal fees are available based on annual spending.
  • Complimentary domestic lounge access provided quarterly.
  • Access to complimentary golf rounds and lessons.
  • Offers purchase protection for mobile phones and electronics.
  • Provides attractive offers on travel, dining, and shopping.
  • Features contactless payment technology for convenience and security.
  • Includes options for Instant EMI and Post Purchase EMI conversions.
  • Access to Quick Loan and Express Loan facilities for urgent financial needs.
  • Offers YES PayNow and E-mandate services for automated bill payments and recurring transactions.
• Negative Highlights / Restrictions:
  • Reward points are not earned on certain categories like Rental, Wallet, Fuel, Government, Marketing/Advertising transactions, Cash withdrawals, Post Purchase EMI, and Instant EMI transactions.
  • Online reward points are capped at 5000 per statement cycle.
  • Utility spend reward points are capped at 150 per statement cycle.
  • Additional charges apply to Rental, Wallet, Utility, Education Fee, Fuel, and Tolls/Bridges transactions above specific thresholds.
  • A fee is applicable for redeeming reward points.
  • The card is not available to existing YES BANK Credit Card holders.

Other Details

• Mobile Banking App (iris by YES BANK): A new-age app for holistic and seamless banking, offering:
  • Exciting rewards.
  • Instant loan availability.
  • Quick and secure fund transfers.
  • Instant bill payments.
  • Over 100 features and services.
  • Available for download via QR code or app stores.
• Online Banking (YES Online): Experience best-in-class NetBanking services.
• WhatsApp Banking: Engage by adding +91-82912-01200 to contacts and typing 'Hi'.
• Credit Card Services:
  • Generate your Credit Card PIN online.
  • Rewards Subscription Plan to customize reward point accumulation.
  • Express Loan: Obtain a pre-approved loan at an attractive interest rate without affecting your credit limit.
  • Quick Loan: Access a loan amount within your card limit for immediate fund requirements.
  • Instant EMI: Convert transactions as low as INR 1500 into easy EMIs.
  • Card Control for enhanced transaction security.
  • YES PayNow for timely bill payments.
  • E-mandate for registering standing instructions for recurring merchant transactions, subscriptions, and insurance payments.
  • Card Protection Plan.
• Important Documents (Available for Download in PDF):
  • Code of Conduct - For Direct Selling Agents (120 KB)
  • Add-On Credit Card - Terms & Conditions (88 KB)
  • Credit Card - Cardmember Agreement (275 KB)
  • Fair Practice Code for Credit Card Operations (154 KB)
  • Authorized Collection & Recovery Agencies (86 KB)
  • SELECT Most Important Terms & Conditions (160 KB) - available in multiple languages including English, Assamese, Gujarati, Kannada, Khasi, Marathi, Manipuri, Malayalam, Mizo, Oriya, Punjabi, Sindhi, Tamil, Telugu, Urdu, Hindi, Bengali.
  • Code of Bank’s Commitment to Customers (391 KB)
  • Credit Card Application Form
• Quick Links:
  • Track your Credit Card application status.
  • Locate your nearest YES BANK branch or ATM.
  • Access the card's Value Chart.
  • Information on saving your YES BANK Credit Card on multiple merchants.
  • Get your Credit Card e-Welcome Kit.