YES Select Credit Card – Benefits, Fees & Eligibility

Introduction

The YES Select Credit Card, formerly known as the YES Bank Prosperity Edge Card, is issued by YES Bank. Positioned as a mid-range offering, it aims to provide customers with a prosperous life through exclusive rewards and benefits. Key differentiating features include exciting reward points, spend-based fee waivers for both joining and renewal, complimentary domestic travel lounge access, golf benefits, and a fuel surcharge waiver.

Fees

• Joining Fee: ₹599 + GST
• Annual Fee: ₹599 + GST
• Spend-Based Waiver:
  • The joining fee is waived on spending ₹10,000 or more within 30 days of receiving the card.
  • The renewal fee is waived on spending ₹1 lakh or more in the previous year.
• Rewards Redemption Fee: ₹100 + GST
• Foreign Currency Markup: 2.75% on all foreign currency spends
• Interest Rates: 3.99% Per Month
• Fuel Surcharge Waiver: 1% fuel surcharge waiver at all fuel stations in India for transactions between ₹400 and ₹5,000.
• Cash Advance Charges: 3.5% of the amount withdrawn.

Rewards

• Best Suited For: Shopping
• Reward Type: Reward Points
• Rewards Rate:
  • 8 Reward Points on every ₹200 spent online (Capped at 5,000 Reward Points per statement cycle).
  • 4 Reward Points on each spend of ₹200 made offline.
  • 2 Reward Points on every ₹200 spent on select categories such as insurance, government, utility, education, recharge, wallet, and rental payments.
  • No Reward Points shall be awarded for transactions on fuel, transactions converted to EMIs, or cash withdrawals.
• Movie & Dining:
  • Buy One Get One (BOGO) on movie ticket bookings, offering up to ₹150 off on your second ticket, once per user every calendar month.
  • Buy One Get One (BOGO) coffee offer at select malls across India, applicable twice every calendar quarter.
• Travel:
  • 1 complimentary domestic lounge access every calendar quarter across over 30 lounges in India for primary cardholders.
• Golf:
  • 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 damage for 6 months.

Rewards Redemption Guide

• Redemption Value:
  • 1 Reward Point = ₹0.10 for redemption against movies, bill payments, charity, golf, gift vouchers, product catalogue, etc.
  • 1 Reward Point = ₹0.25 for redemption against hotel/flight bookings.
• Redemption Process: Points can be redeemed through the dedicated YES Rewardz portal.
• Redemption Fee: A reward redemption fee of ₹100 + GST is charged by YES Bank.

Card Eligibility Criteria

• Salaried Employees:
  • Age: 21 Years to 60 Years
  • Income: Minimum ₹50,000 Per Month
• Self-Employed Individuals:
  • Age: 21 Years to 60 Years
  • Income: Minimum ₹7,50,000 Per Annum (as per ITR)

Card Review

The YES Select Credit Card is a strong option for individuals seeking a credit card that offers substantial rewards and additional lifestyle benefits. It provides an excellent opportunity to save across various purchase categories. Beyond rewards, the card extends valuable travel, lifestyle, and golf benefits, making it particularly appealing to those who enjoy these activities. While offering numerous advantages, it is crucial for potential cardholders to assess their personal spending habits and requirements to ensure the card aligns with their financial goals and helps maintain a good credit score.

Important Product Details

• Earn 8 Reward Points on every ₹200 spent online.
• Earn 2 Reward Points on every ₹200 spent on other categories, such as insurance.
• The joining fee is waived for retail spend of over ₹10,000 within 30 days of receiving the card.
• The renewal fee is waived on spending over ₹1 lakh on retail purchases in the previous year.
• Enjoy a 1% fuel surcharge waiver at all fuel stations in India for transactions between ₹400 and ₹5,000.
• Receive 1 complimentary domestic lounge access every calendar quarter.
• Benefit from 4 complimentary green fees per calendar year and 1 complimentary golf lesson each month.
• Get purchase protection for mobile phones and electronics purchased online, covering accidental damage for 6 months.
• Avail a Buy One Get One (BOGO) coffee offer at select malls across India, twice per calendar quarter.
• Enjoy a Buy One Get One (BOGO) movie ticket offer, providing up to ₹150 off on the second ticket, once per user every calendar month.

Other Details

• The BOGO coffee offer is applicable to beverages like Cappuccino, Americano, Latte, or similar options, typically in a medium size as available at the outlet.
• Cardholders can avail the BOGO coffee offer either by swiping their physical card at the outlet or by generating a voucher/QR code through the Dreamfolks web portal.
• The list of eligible coffee outlets may change, so it is advisable to check availability before visiting.
• Only one BOGO coffee benefit can be used per transaction.
• Any issues related to the BOGO coffee offer must be reported within 30 days.
• The domestic lounge access is available across over 30 lounges in India.
• Golf benefits are available at selected golf courses in India.
• It is important to understand your requirements and make decisions based on them, as a good credit score matters and can be maintained effectively with a credit card that suits you.