Yes ELITE Credit Card
Product Details
Credit Card Name :
Yes ELITE Credit Card
Bank Name :
Yes Bank
Type :
Lifestyle Credit Card
Interest Rate :
3.80% per month (45.6% annually) on Overdue amounts and 2.49% per month against Fixed Deposit.
Eligibility :
21 to 60 years of age
Salaried or self-employed
Minimum Net Salary of INR 1 lakhs per month or Income Tax Return of INR 9 Lakhs and above.
Pros
Reward System: You can get 12 YES Reward Points for every INR 200 for Online Shopping, 6 YES Reward Points for every INR 200 for Offline Shopping, and 4 YES Reward Points for every INR 200 on Select categories. 1 RP = 0.25 paisa. Online CB Rate: 1.5%, Offline CB Rate: 0.75, and Cashback Rate for other spends: 1%.
Travel Benefits: 3 complimentary access to international lounges through the Priority Pass, and 2 complimentary Domestic Airport Lounge visits in India per calendar quarter.
Dining Benefits: Get a minimum 15% discount at select restaurants.
Other Benefits: Golf program, Movie Ticket Benefits, Credit Shield cover of 3 Lac, and Lost Card liability 3 Lac
Cons
High Fees
Moderate Reward Rate
Limited International Lounge access
Pros & Cons
Welcome Benefits
None
Rewards System
You can get 12 YES Reward Points for every INR 200 for Online Shopping, 6 YES Reward Points for every INR 200 for Offline Shopping, and 4 YES Reward Points for every INR 200 on Select categories.
1 RP = 0.25 paisa.
Online CB Rate: 1.5%, Offline CB Rate: 0.75, and Cashback Rate for other spends: 1%.
International Forex Markup
2.75% on all foreign currency transactions.
Welcome Benefits and Reward System
Special Features
Insurance cover of upto INR 50,000 against accidental damage for 6 months for mobile & electronic purchased online.
Eligibility Criteria
21 to 60 years of age
Salaried or self-employed
Minimum Net Salary of INR 1 lakhs per month or Income Tax Return of INR 9 Lakhs and above.
Benefits
Travel Benefits
Movie ticket discounts
Golf programs
Dining discounts
Speical Feature, Eligibility and Benefits
How to apply for Credit Card?
Visit the Yes Bank website (https://www.yesbank.in/personal-banking/yes-individual/cards/credit-cards).
Navigate to the 'Credit Cards' section and select 'Yes ELITE Credit Card'.
Click on 'Apply Now' and fill out the online application form.
You'll need to submit scanned documents like PAN card, ID proof, income proof (salary slips/ITR documents), etc.
Contact Details
1800 1200
Account Opening and Procedure
Yes ELITE Credit Card
The Yes Bank ELITE Credit Card is a good option for travelers who frequently use airport lounges and prioritize saving money on foreign transactions. The potential fee waiver and fuel surcharge waiver can add value if you meet the spending requirements. However, if you're looking for a card with a high base reward rate for all your spending, or if you prefer a simpler rewards program without subscriptions, there might be better options available.
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 999 + Applicable Taxes, waived on total retail spends of INR 20,000 in first 30 days
Interest Rate: 3.80% per month (45.6% annually) on Overdue amounts and 2.49% per month against Fixed Deposit.
Cash Advance Charges: 2.5% or the transacted amount or Rs. 300 (whichever is higher).
Late Payment Charges: Ranges from INR 0 to INR 1000.
Foreign Currency Mark-up Fees: 2.75% on all foreign currency transactions.
Fuel Surcharge
1% waiver, valid for transaction between ₹400 to ₹5,000 only.
Billing Cycle
30 Days