YES Bank Marquee Credit Card
MyRupaya Ratings
Product Details
Credit Card Name :
YES Bank Marquee Credit Card
Bank Name :
Yes Bank
Type :
Lifestyle Credit Card
Interest Rate :
2.99% per month (35.88% annually)
Eligibility :
Age: 21 to 60 years old
Minimum Income: Rs. 3 lakh per month salary or Rs. 24 lakh annual income through ITR
Pros
Welcome Bonus: Users will get 40,000 YES reward points as joining benefits.
Reward System: 1 YES reward point = Rs. 0.25. Users will earn 36 YES rewardz points for every Rs. 200 spent on online shopping. Effective cashback rate: 4.5% (Online shopping). Users will earn 18 YES rewardz points for every Rs. 200 spent on offline shopping. Effective cashback rate: 2.25% (Offline shopping). Users will earn 10 YES rewardz points for every Rs. 200 spent on select categories (rentals, wallet loading, recharges & utility bill payments, insurance and government payments). Effective cashback rate: 1.25% (All other categories).
Unlimited Lounge Access: Users can enjoy stress-free airport experiences with unlimited access to domestic and international airport lounges through priority pass.
Golf Program: Users can enjoy one complimentary Golf lesson every calendar month at select golf courses in India.
1% Foreign Currency Mark-up Waiver: Save on international transactions with a lower foreign currency markup fee compared to standard rates.
Buy One Get One Offer on Movies: Treat yourself and a companion to complimentary movie tickets every month with BookMyShow.
Fuel Surcharge Waiver: Enjoy 1% fuel surcharge waiver at all fuel stations in India.
Cons
High Annual Fee: The hefty annual fee of Rs. 9,999 + taxes (waived on Rs. 10 lakh annual spends) can be a significant barrier for many applicants.
Moderate Reward Rate: While 10 points per Rs. 100 is decent, other premium cards might offer higher rates or category bonuses.
Points Redemption Value: One point is worth Rs. 0.25 for statement credit, which is a low conversion rate. Consider alternative redemption options for better value.
Limited Airport Lounge Network: Compared to some competitors, the Priority Pass network might offer fewer lounge options in specific locations.
Pros & Cons
Welcome Benefits
40,000 YES reward points as joining benefits.
Rewards System
1 YES rewardz point = Rs. 0.25.
Users will earn 36 YES rewardz points for every Rs. 200 spent on online shopping. Effective cashback rate: 4.5% (Online shopping).
Users will earn 18 YES rewardz points for every Rs. 200 spent on offline shopping. Effective cashback rate: 2.25% (Offline shopping).
Users will earn 10 YES rewardz points for every Rs. 200 spent on select categories (rentals, wallet loading, recharges & utility bill payments, insurance and government payments). Effective cashback rate: 1.25% (All other categories).
Users will earn 2 bonus reward points for every Rs. 100 spent on international transactions.
International Forex Markup
Foreign Currency Mark-up of 1%
Welcome Benefits and Reward System
Special Features
Unlimited Access to airport lounges internationally for Primary & Add-on card holders
Eligibility Criteria
Age: 21 to 60 years old
Minimum Income: Rs. 3 lakh per month salary or Rs. 24 lakh annual income through ITR
Benefits
Rewards: Accelerated rewards on both online as well as offline spends
Rewards on select categories: Get 10 YES Rewardz Points for every ₹200 spent on utilities, wallet loading, bill payments, insurance, etc.Lounge access: Enjoy unlimited complimentary access to domestic airport lounges for primary and add-on cardholders.
Movie benefits: Get Buy-One-Get-One-Free offers on movie tickets BookMyShow.
Other benefits: Purchase protection plan.
Best-in-industry foreign currency markup of 1%.
Complimentary personal accident insurance cover.
Extended warranty.
Speical Feature, Eligibility and Benefits
How to apply for Credit Card?
Eligibility: You must be an Indian resident with a good credit score and a stable income.
Visit the YES Bank website: Go to https://www.yesbank.in/personal-banking/yes-individual/cards/credit-cards/marquee-credit-card.
Click on "Apply Now".
Fill out the application form: Enter your personal details, income information, and employment details.
Submit the application: You can submit the application online or visit a YES Bank branch.
Document verification: YES Bank will verify your documents and credit score.
Approval: If approved, you will receive your YES Bank Marquee Credit Card within 7-10 working days.
Contact Details
'+91 22 49350000
Account Opening and Procedure
Recommended Credit Cards
Pros:-
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Cons:-
Welcome Bonus: Users will get 40,000 YES reward points as joining benefits.
Reward System: 1 YES reward point = Rs. 0.25. Users will earn 36 YES rewardz points for every Rs. 200 spent on online shopping. Effective cashback rate: 4.5% (Online shopping). Users will earn 18 YES rewardz points for every Rs. 200 spent on offline shopping. Effective cashback rate: 2.25% (Offline shopping). Users will earn 10 YES rewardz points for every Rs. 200 spent on select categories (rentals, wallet loading, recharges & utility bill payments, insurance and government payments). Effective cashback rate: 1.25% (All other categories).
Unlimited Lounge Access: Users can enjoy stress-free airport experiences with unlimited access to domestic and international airport lounges through priority pass.
Golf Program: Users can enjoy one complimentary Golf lesson every calendar month at select golf courses in India.
1% Foreign Currency Mark-up Waiver: Save on international transactions with a lower foreign currency markup fee compared to standard rates.
Buy One Get One Offer on Movies: Treat yourself and a companion to complimentary movie tickets every month with BookMyShow.
Fuel Surcharge Waiver: Enjoy 1% fuel surcharge waiver at all fuel stations in India.
High Annual Fee: The hefty annual fee of Rs. 9,999 + taxes (waived on Rs. 10 lakh annual spends) can be a significant barrier for many applicants.
Moderate Reward Rate: While 10 points per Rs. 100 is decent, other premium cards might offer higher rates or category bonuses.
Points Redemption Value: One point is worth Rs. 0.25 for statement credit, which is a low conversion rate. Consider alternative redemption options for better value.
Limited Airport Lounge Network: Compared to some competitors, the Priority Pass network might offer fewer lounge options in specific locations.
YES Bank Marquee Credit Card is a good option for frequent travelers and online shoppers who are willing to pay the high annual fee. The card also provides various rewards and the effective cashback rate is much higher, as compared to other cards in the market. However, if you are looking for a card with more flexible reward redemption options or wider acceptance, you may want to consider another card.
Yes Bank Marquee Credit Card
Abhijeet Saxena
Abhijeet Saxena
Nalsar University of Law
Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi
Ex - Khaitan & Co. Bengaluru,
Ex - National Stock Exchange, Mumbai,
Ex - Argus Partners, Mumbai
Product Review
Fees & Charges
First Year Membership Fee of INR 9,999 + Applicable Taxes
Renewal Membership Fee of INR 4,999 + Applicable Taxes, waived on total retail spends of INR 10,00,000 in a year and get waiver on subsequent renewal fee
Interest Rate of 2.99% per month (35.88% annually) on Overdue amount
Cash Advance Charges: 2.5% of amount withdrawn or ₹300, whichever is higher
Late Payment Charges: Ranges from INR 100 to INR 1200.
Foreign Currency Mark-up of 1%
Fuel Surcharge
1% Fuel surcharge waiver at fuel stations across India for transaction between INR 400 to INR 5,000
Billing Cycle
30 Days