Yes Bank Ace Credit Card

Welcome benefits

• Joining fee reversed on spending ₹5,000 within 30 days of card setup
• A ₹500 Amazon voucher on ₹1,000 spend in 30 days

Rewards & cashback

• Value of 1 YES Rewardz Point = ₹0.25
• User earns 8 YES Rewardz Points per ₹200 on online spends
• Online Cashback Rate: 1%
• User earns 4 YES Rewardz Points per ₹200 on offline spends
• Offline Cashback Rate: 0.5%
• User earns 2 YES Rewardz Points per ₹200 on utility and insurance spends
• Utility+ Cashback Rate: 0.25%
• An optional ₹2,000/year booster plan lifts online to 3X and lifestyle to 5X

Dining

• Up to ~15% discount at select partner restaurants, plus a buy-one-get-one coffee offer at participating outlets

More benefits & features

• 1% fuel surcharge waiver; Credit Shield cover of ₹1 lakh; Lost Card Liability cover of ₹1.3 lakh; purchase protection up to ₹50,000 for 6 months on mobiles/electronics bought online; green-fee waiver at select golf courses; and a RuPay variant with a virtual…

Fees & charges

Joining fee

₹499 + taxes (reversed on ₹5,000 spend within 30 days of setup)

Annual fee

₹499 + taxes (waived on meeting the annual spend milestone; of ₹50,000/year )

Foreign currency markup

2.75%

Interest rate

3.99% per month (47.88% annually); 2.49% per month on the FD-backed variant

Late payment

Nil for total outstanding up to ₹500; above ₹500, the lower of 10% of the statement balance or ₹1,350, capped at ₹1,500 per cycle

Cash advance

2.5% of the withdrawn amount (a minimum of ₹500 applied), plus finance charges from the withdrawal date

Pros and cons

Who can apply

• Age: Between 21 and 60 years
• Employment Type: Salaried or self-employed
• Income Requirement: Monthly salary of ₹25,000 or Annual Income Tax Return (ITR) of ₹7.5 Lakhs or more