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YES Bank ELITE Credit Card

YES Bank has rebranded its Premia credit card as ‘ELITE’ starting 18th December, 2023. The existing Premia cardholders will get the new ELITE card upon renewal and the new customers will get ELITE card only, not Premia.

The YES Bank ELITE credit card carries the same fees and charges but comes with improved rewards. The card offers attractive offers on travel, movies and dining categories and earns 4X-12X reward points.

Read this review of YES ELITE credit card to know if the benefits and features outweigh the fees and charges and its worth getting.

YES Bank ELITE credit card review: benefits, fees

YES Bank ELITE Credit Card Overview

Card CategoryTravel, Rewards
Joining FeeRs 999 + GST (waived off on Rs 20,000 spent within first 30 days)
Annual FeeRs 999 + GST (waived off on annual spend of Rs 2 lakh+)
Welcome OfferAmazon voucher worth Rs 500 on Rs 1,000 spend within first 30 days
Best Features– Accelerated 12X reward points on online shopping, 6X on offline purchases and 4X points on select categories
– Complimentary domestic & international airport lounge access + Golf program
– Insurance and lost card liability cover

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 through the link given below.
  • Joining fee waived off on a spend of Rs 20,000 within first 30 days of card issuance and renewal fee waived off at annual spend of Rs 2 lakh or more.
  • Earn accelerated rewards on online shopping- 12 RP for every Rs 200 spent. Get 6 RP on every Rs 200 spent on offline spends and 4 RP on every Rs 200 spent in select categories.
  • Enjoy premium benefits with complimentary Golf program, domestic and international lounge access program.
  • Get discounts on movies, dining and much more when you use YES ELITE card.
  • Credit Shield cover of Rs 3 Lakh, Lost Card liability Rs 3 Lakh.
  • Terms and conditions apply.

Fees and Charges

  • Joining Fee: Rs 999 + GST (waived off on Rs 20,000 spent within first 30 days)
  • Annual Fee: Rs 999 + GST (waived off on annual spend of Rs 2 lakh+)
  • Finance Charges: 3.80% per month (45.6% annually)
  • 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: 0.50% of the transaction amount value
  • Add-on Card fee: Nil

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

YES Bank ELITE Credit Card: Benefits and Features

Spend-based fee waiver

There is a Rs 999 joining fee and a Rs 999 annual fee. But you can qualify for waiver if you meet the spend criteria. Joining fee is waived off on a spend of Rs 20,000 or more within first 30 days of card issuance and the renewal fee is waived off at annual spend of Rs 2 lakh or more.

Airport Lounge Access

  • Domestic– The primary cardmember gets 2 complimentary domestic airport lounge visits per quarter for the primary
  • International– The primary cardmember gets 3 airport lounge access outside India per calendar year via Priority Pass for Mastercard card holders, and via Loungekey for VISA card holders.

Check Golf & Lounge Access details here at YES Bank’s site.

Movie Discount

Avail 25% discount when you book movie tickets through BookMyShow using YES ELITE credit card. The monthly capping on maximum benefit is Rs 250.

Golf Benefits

The YES Bank ELITE credit card comes with a complimentary golf program. The cardholders get 4 green fee waiver per year and 1 golf lesson per year at the select golf courses in India.

Dining Offer

Get a minimum 15% discount on dining at select partner restaurants. You can check the DiningFiesta portal by YES Bank for offers.

Fuel Surcharge Waiver

Get 1% fuel surcharge waiver at transactions valued between Rs 400 to Rs 5,000 across fuel stations in India. Maximum waiver per month up to Rs 250, and surcharge on GST is not waived off.

Insurance Coverage & Purchase Protection Plan

  • Insurance cover of up to Rs 50,000 against accidental damage for 6 months for mobile & electronic purchased online
  • The cardholders get Credit Shield cover of 3 Lakh
  • Lost card liability cover of Rs 3 lakh.

EMIs and Quick Loan

  • You can instantly convert of your purchases of above Rs 1,500 into EMIs.
  • You can also get a loan amount within the card limit to fulfil the immediate fund requirements.

YES Bank ELITE Credit Card Rewards

YES Bank has revamped its reward points for the ELITE card (earlier Premia card). Here is the updated reward program.

  • Accelerated rewards on online shopping – 12 Yes Reward Points (YRP) on every Rs 200 spent. (reward rate- 1.52%)
  • Rewards on offline spends- 6 Yes Reward Points (YRP) on every Rs 200 spent (reward rate- 0.76%)
  • Reward on Select Categories*- 4 YRP on every Rs 200 spent (reward rate- 0.38%)
  • * The select categories are- Transportation, Taxi services, Buses, utilities, grocery, insurance, education, government services, tolls and convenience stores.
  • 10 reward points = 1 InterMile/Club Vistara point

Reward Point Value

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. The value differs for each category.

Rewards Redemption

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

YES Bank ELITE Credit Card- Should You Get it?

You should get YES ELITE credit card if:

  • You are using YES Select or Ace cards (previously Prosperity cards) and want to upgrade but can’t get the YES Private cards.
  • The travel benefits suit your needs
  • are fine with the reward rate and can get the most out of rewards, having analysed your spend areas.

Avoid if:

  • you are expecting better cashback and reward rate
  • want a better value if paying annual fee of Rs 999 or meeting spend-based waiver conditions and have the good enough credit profile to get other Bank’s cards.

Even though the Yes Bank has rebranded the Premia card as YES ELITE and also restructured reward points program, it’s still behind other premium cards in the market in terms of rewards and benefits. However, the Bank is making improvements with its range of cards.

Comparison: YES ELITE vs Reserv vs Marquee credit card

CardYES Bank ELITE (Premia) credit cardYES Bank Reserv (First Exclusive) Credit CardYES Bank Marquee Card
Joining FeeRs 999Rs 1,999Rs 9,999
Joining Fee WaiverWaived on spending Rs 20,000 within first 30 daysSpend Rs 40,000 within 30 days to get joining fee waived.No joining fee waiver. But you get 60,000 reward points worth Rs 6,000 to Rs 15,000, essentially a compensation for joining fee.
Annual FeeRs 999Rs 1,999Rs 4,999
Annual Fee WaiverWaived on spending Rs 2 lakh in a yearSpend Rs 3 lakh in a year to get annual fee waived off.Spend Rs 10 lakh in a year for annual fee waiver
Rewards– 12 RP on online spends
– 6 RP on offline spends
– 4 RP on select categories
– 24 RP on online spends
– 12 RP on offline spends
– 6 RP on select categories
– 36 RP on online spends
– 18 RP on offline spends
– 10 RP on select categories
Complimentary Airport Lounge AccessDomestic- 2 per quarter
International- 3 per year
Domestic- 3 per quarter
International- 6 per year
Read full reviewRead full review

How to Apply For YES Bank ELITE Credit Card?

It’s best to apply online through YES Bank’s official website. That way, you can avail the welcome benefit of Amazon voucher worth Rs 500.

The Bank also accepts offline applications at it’s branches.


  • 21-60 years of age
  • Salaried or self employed
  • Minimum net salary of Rs 1 lakh per month or ITR of Rs 9 lakh or above.

Check more credit card reviews from us.

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