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YES Bank Ace Credit Card

YES Bank has rebranded its ‘Prosperity Rewards Plus’ card as ‘YES Bank Ace credit card’. The YES Ace credit card comes with same fees and charges but now has a double reward rate than earlier. The card has a good joining bonus and spend based fee reversal criteria making it worth considering.

Check all the benefits, fees, limits and drawbacks in this review of YES Bank Ace credit card.

YES Bank Ace credit card review, benefits and features

YES Bank Ace Credit Card Overview

Card CategoryRewards
Joining FeeRs 399 + GST (reversed on spend of Rs 5,000 within first 30 days)
Annual FeeRs 399 + GST (reversed on spend of Rs 50,000 within an year)
Welcome OfferAmazon voucher worth Rs 500 on spending Rs 1,000 within first 30 days
Best Features– 8X points on online shopping, 4X points on offline spends, and 2X on select categories
– Credit shield cover of Rs 1 lakh and Lost card liability cover of Rs 1.3 lakh
– Up to 15% discounts on partner restaurants

Details from YES Bank

  • SPECIAL OFFER: Get a Free Amazon voucher worth Rs 500 on spending Rs 1,000 within first 30 days when you apply online.
  • Get joining and annual fee reversal on meeting spend-based reversal criteria.
  • Earn 8 Yes Reward Points (YRP) per Rs. 200 spent on online shopping, 4 YRP per Rs. 200 spent offline, and 2 YRP per Rs. 200 spent on select categories.
  • 1% fuel surcharge waiver across India for transactions between Rs 4,00 to Rs 5,000.
  • Get reward points on travel and dining spends. Also up to 15% discounts on dining at select restaurants.
  • Get credit shield cover of Rs 1 lakh and Lost card liability cover of Rs 1.3 lakh.
  • Preferential Foreign Currency Markup of 2.75% only
  • Terms and conditions apply.

YES Bank Ace Fees and Charges

  • Joining Fee: Rs 399 + GST (reversed on Rs 5,000 spent within first 30 days)
  • Annual Fee: Rs 399 + GST (reversed on annual spend of Rs 50,000)
  • Finance Charges: 3.80% per month (45.6% annually) on Revolving Credit.
  • Foreign Transaction Fee: 2.75% of the transaction value.
  • Cash Advance Fee: 2.5% (minimum Rs 300).
  • Reward Redemption Fee: Rs 100 per request.
  • Over Limit Penalty: 2.5% of the overlimit amount or Rs 500 (whichever is higher)
  • Rent Transaction Fee: 1% of the transaction amount value
  • Add-on Card fee: Nil

Note: GST as applicable on fees and charges. See full details here at YES Bank’s website.

YES Bank Ace Credit Card Benefits and Features

Since its an entry-level card and has low fees, the benefits are relatively standard. A lack of premium benefits such as complimentary airport lounge access, golf program, high reward rate etc. make it clear that YES ACE is not for credit card aficionados, frequent travellers or people with high spending. But for a regular usage, the card provides reasonable value and benefits.

A Joining Bonus worth Rs 500

If you apply online, you get a welcome bonus – Amazon voucher worth Rs 500 on spending Rs 1,000 within first 30 days of card generation. That essentially compensates for the joining fee of Rs 399 not including the spend-based criteria discussed below.

Spend-based Fee Reversal

Perhaps this is one of the best feature of this card and is easy to meet. Even though the joining and annual fee is comparatively low at Rs 399, you can still get them reversed on meeting spend criteria. Spend Rs 5,000 within first 30 days for joining fee reversal, and Rs 50,000 within an year for annual fee reversal.

Fuel Surcharge Waiver

The cardholders get a 1% fuel surcharge waiver across India at all fuel pumps. The benefits applies only on transactions valued between Rs 400 to Rs 5,000 and is capped at maximum of Rs 125 per month.

Insurance Coverage Benefits

  • Insurance cover of up to Rs 50,000 against accidental damage for 6 months for mobile & electronic purchased online
  • The primary cardholder gets a credit shield cover of Rs 1 lakh.
  • Lost Card Liability Cover of Rs 1.3 Lakh.

Dining Offer

You can get up to 15% discounts when you dine at the select partner restaurants and pay using your YES Ace credit card. Check YES Bank’s Dining Fiesta program for partner restaurant and offers.

EMIs and Quick Loan

  • You can covert your transactions of over Rs 1,500 into EMIs.
  • Get a loan amount within the card limit.

YES Bank Ace Credit Card Rewards

The YES Bank has restructured its reward program with revamping of its credit cards. Here is the reward program for YES Ace credit card:

  • 8 reward points per Rs 200 spent on online shopping
  • 4 reward points on every Rs 200 spent offline
  • 2 reward points on every Rs 200 spent in select categories.
  • * The select categories are- Transportation, Taxi services, Buses, utilities, grocery, insurance, education, government services, tolls and convenience stores.
  • No reward points are earned on fuel transactions, EMIs and Cash advances.
  • Monthly capping of 5,000 reward points.

Before revamping, the rewards were limited only up to 4 points per Rs 200. That’s been doubled now and made rewarding for online spends.

Reward Rate

Spend CategoryReward PointsReward Rate
Online 8 RP per Rs 2001%
Offline4 RP per Rs 2000.5%
Selected categories2 RP per Rs 2000.25%

Reward Points Value

The value YES reward points differs depending on the redemption category. For example, the value of 1 reward point is Rs 0.25 (25 paisa) on flight & hotels, 10 paisa for gifts & vouchers, and 10 paisa for converting to InterMiles & Club Vistara points. Further, the value of 1 reward point is 10 paisa for statement credit, 0.05 to 0.10 paisa for product purchases through catalog, 0.15 paisa for charity, and so on.

Rewards Redemption

YES Bank reward points can be redeemed at the Bank’s YES Rewardz portal in various categories such as flights and hotel, gift vouchers, Air miles, and purchases of products in the rewards catalogue.

YES Bank Ace Credit Card – Should You Get it?

YES Bank Ace credit card is primarily a reward credit card and that reflects in its offering as other benefits and privileges are pretty standard and offer no advantages over the other cards in this segment. But being a rewards credit card, the reward rate is still low – 0.25% on select categories, 0.5% on offline spend and 1% on online shopping. The card’s only redeeming qualities are its spend-based reversal and welcome bonus. It’s nice to see YES Bank revamping its card range and come out with better offers but it’s still far behind the other Banks.

Go for it if you are new to credit, hold none to 1-2 cards or need a credit card for occasional spending. And if you are sure you can meet the spend-based reversal and take use of the benefits to justify the Rs 399 fee.

YES Bank Ace card doesn’t offer any direct benefits in travel category. Sure, you can redeem your reward points for flights and hotels. But if one of your requirements is travel benefits, check out either YES Reserv, YES Marquee or YES ELITE that offer complimentary lounge access.

How to Apply for YES Bank Ace Credit Card?

It’s best to apply online through the YES Bank’s official website. That way, you get a welcome bonus worth Rs 500. Also, the process is faster when you apply online.


  • Between 21-60 years of age.
  • Salaried or Self employed.
  • Minimum net salary of Rs 25,000 per month or ITR of Rs 7 lakh or more.
  • A good credit score of 700+ is recommended to increase approval odds.

Check more credit card reviews here.

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