An Unbiased Review of the Yes Bank Private Credit Card: Uncovering the Benefits, Cons, Fees, Charges, and Eligibility

Yes Bank has previously introduced several innovative credit cards, including the Yes Bank Wellness Plus Credit Card. The other distinct premium credit card issued by Yes Bank is the Yes Bank Private Credit Card. This is where you will learn everything about the card, including its pros and cons, fees, and eligibility requirements.

Yes Bank Private Credit Card: An Overview.

The Yes Bank Private Credit Card is designed to meet the needs of people who want to experience a high-end lifestyle. It offers a wide array of features that appeal to interests such as travel, dining, and shopping. The design of it will mostly be beautiful to credit card holders who will enjoy a luxurious experience as frequently as possible, enabling them to maximise their expenses.

Yes Bank Private Credit Card Advantages-

Attractive Rewards Program

The credit cardholders will receive 20 reward points on local spending and 40 reward points on foreign spending for every INR 200. (1 Reward point = up to 0.25 Paisa). Domestic Cash back rate: 2.5 and international Cash back rate: 5.

Premier Lifestyle Services.

Yes Bank provides unique lifestyle benefits, which make this card stand out from ordinary credit cards. The cardholders are provided with personal concierge services, making travel arrangements, restaurant bookings and others, to suit every type of lifestyle requirement.

Travel Perks

The travel benefits of the Yes Bank Private Credit card can be of much use to frequent travellers.

• Cardholders will have unlimited access to local airport lounges. Guests will also receive free access to the cardholders, who are 4 in number.

• There is unlimited access to the international airport lounge by cardholders. The cardholders will also receive 4 free guest access.

  
  

Lifestyle Benefit

This credit card is offered with the following lifestyle advantages:

• Movies: When BookMyShow is used to book their tickets, cardholders receive up to 4 free movie tickets, and this is a buy-one-get-one offer. The amount of cashback per ticket is not supposed to be higher than INR 250.

• Tickets: Spend half price on tickets to live events, including stand-up comedy booked on BookMyShow.

• The 12 rounds of free green fees in a year are not higher than 3 rounds of free green fees in a calendar quarter.

• 4 free green fees for guests who are not more than 1 free guest green fee in a calendar quarter.

• 12 free golf classes per year, not more than 3 classes in a calendar quarter.

• INR 9,000 joining and annual benefit in Oberoi E-Gift Vouchers.

• International access to golf courses.

  
  

Disadvantages of the Yes Bank Private Credit Card-

High Annual Fees

One of the main disadvantages of the Yes Bank Private Credit Card is that the annual fees are higher, which will be approximately INR 10,000 plus GST and a high joining fee of INR 20,000. Although this fee can be compensated for by benefits to the frequent users, it can be unaffordable to occasional users. Arrange the frequency of using the card and determine whether the expenses will be worth the card before enrolling on it.

Fees and Charges

• Joining and Annual fees: Rs. 20,000 + taxes.

• Renewal Membership Fee: Rs. 10,000+ taxes, which is reversed on expenditure of 20,00,000 in 12 months preceding the renewal.

• Interest rate: Yes Bank offers savings/salary account holders 1.2 per cent a month (or 14.4 per cent a year) and others 1.75 per cent a month (or 21 per cent a year).

• Cash Advance Charges: NIL

• Mark-up Fees on Foreign Currency: 0.50%

  
  

To learn more about our credit card offerings, please visit our website

Eligibility Criteria

Relationship Requirement Age.

Age: 21 to 60 years. To be considered a Yes Private Credit Card, you should have the following requirements: Total Relationship value in terms of rupees 5 crores. Minimum lien relationship value in terms of rupees 3 crores (CASA AMB Plus FD).

Final Thoughts

The Yes Bank private credit card has a great range of travel and lifestyle benefits. Nevertheless, the above eligibility requirement makes it unaffordable to a majority of Indians.

The future cardholders should consider the high yearly charges and reward restrictions. In order to decide whether this premium credit card will suit you, you should pay close attention to your habits of spending habits and your financial objectives. With the right use of the card, the benefits and exclusive experiences will be unlocked.

We have extensively reviewed the credit card and published an impartial AI-driven ranking of the card here.

#yesban #creditcard #review #ccreview

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