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YES Bank Marquee Credit Card

YES Bank Marquee credit card is a new premium card offering excellent benefits but on a hefty price tag. Unlimited airport lounge access, up to 4.5% reward rate, 1% forex markup, purchase protection plan and 60,000 bonus points on joining are some of the key benefits Marquee credit card carries but it also has a joining fee of Rs 9,999 and a renewal fee of Rs 4,999.

Marquee credit card sits at the top among the premium credit cards offered by the YES Bank except its invite-only super premium offering ‘YES Private’. The Bank has revamped its credit card range with a rebranding of few cards, launch of a new premium card i.e., Marquee, and a discontinuation of few cards such as ‘YES First Preferred’.

Weigh the benefits and perks against the fees and charges in this YES Bank Marquee credit card review and see if the card is right for you or should you consider other options.

YES Bank Marquee credit card

YES Bank Marquee Credit Card Overview

Card CategoryRewards
Joining FeeRs 9,999 + GST
Annual FeeRs 4,999 + GST (waived on spending Rs 10 lakh in a year)
Welcome Offer– Free Amazon voucher worth Rs 500 on spending Rs 1,000 within first 30 days
– 60,000 reward points as a joining bonus
Best Features– Up to 4.5% reward rate on online spends, 2.25% on offline spends and 1.4% on select categories
– Unlimited complimentary international lounge access and 6 domestic lounge visits per quarter
– 1% forex markup
– BOGO offer on BookMyShow movie tickets
– Insurance & purchase protection plan

YES Bank Marquee Credit Card Fees & Charges

  • Joining Fee: Rs 9,999 + GST
  • Annual Fee: Rs 4,999 + GST (waived on spending Rs 10 lakh in a year). 20,000 reward points bonus on renewal fee payment.
  • Finance Charges: 2.99% p.m. (35.88% p.a.)
  • Foreign Transaction Fee: 1% of the transaction value
  • Cash Advance Fee: 2.5% on advance amount (minimum Rs 300)
  • Reward Redemption Fee: Nil
  • Over Limit Charges: 2.5% of the over limit amount or Rs 500, whichever is higher
  • Rent Transaction Fee: 1% of the Transaction Amount + GST.
  • Add-on Card fee: Nil.
  • Note: GST as applicable on fees and charges. See full details here at YES Bank’s website.

YES Bank Marquee Credit Card Benefits & Features

Welcome Benefits

The free Amazon voucher worth Rs 500 for spending Rs 1,000 within the first 30 days is a welcome benefit YES Bank is offering on all of its credit cards. So to make it special, YES Bank is offering 60,000 reward points as a joining gift for the Marquee credit card. These reward points will be credited to your account once the membership fee is paid.

The value 1 reward point differs depending on what category you’re spending it in. For example, the value of 1 reward point is 25 paisa when using the points on Hotels & Flights. The same 1 reward point is worth 10 paisa when using for gift vouchers or converting to Air miles. These 60,000 reward points are worth anywhere between Rs 6,000 to Rs 15,000 depending on how you use them.

Spend-based Fee Waiver

You can get the annual fee of Rs 4,999 waived off on a retail spending of Rs 10 lakh in a year. However, if you don’t qualify for the spend-based waiver, you get 20,000 bonus reward points on payment of renewal fee.

There is no spend-based waiver criteria for the joining fee. But the welcome benefit with a value of Rs 6,500 – Rs 15,500 essentially compensates for the joining fee.

1% Forex mark-up

The Marquee credit card carries a 1% forex mark-up fee. Only few cards such as IDFC WOW, Scapia and RBL World Safari offer a zero forex markup. Other premium cards usually carry forex markup between 1-2%, although with better returns on spends than Marquee.

Complimentary Airport Lounge Access

  • Domestic: Get 6 complimentary domestic airport lounge visits in India per calendar quarter for primary as well as add-on cardholders.
  • International: Unlimited access to international airport lounges for primary as well as add-on cardholders.
  • The lounge access program is offered through VISA.

The lounge access program is quite good as the YES Bank has not put any spend-based criteria on it as many Banks have done recently. But given the fees on this card, it’s ought to be this good otherwise there are better options.

Movie Offer on BookMyShow

The YES Bank Marquee credit card has an excellent “Buy One Get One (BOGO)” offer on tickets booking through BookMyShow.

  • Buy one ticket and get one free up to Rs 800
  • Maximum 3 free tickets per month
  • Maximum discount per ticket is capped at Rs 800
  • Minimum 2 tickets need to be booked to avail the offer.

You can avail a benefit of up to Rs 2,400 in a month on booking movie tickets using this offer.

Complimentary Golf Program

  • You get 4 green fee waiver at select golf courses in India
  • 1 complimentary golf lesson every month

Fuel Surcharge Waiver

The Marquee card gets you a pretty standard 1% fuel surcharge waiver on transactions valued between Rs 400 to Rs 5,000 across all fuel pumps in India. Monthly capping is Rs 1,000 and the GST on surcharge is still levied.

Insurance Coverage

  • The cardholders get a credit shield cover of Rs 3 lakh.
  • 6-month accidental damage insurance for mobile and electronic devices purchased online.
  • Lost card liability cover of Rs 3 lakh.

Dining Offers

You get a minimum of 15% discount on dining at select partner restaurants with Marquee credit card. Checkout the YES Bank Dining Fiesta program for dining offers on partner restaurants.

YES Bank Marquee Credit Card Rewards

Being a premium offering, the Marquee card has one of the best rewards structure when it comes to rewards on YES Bank credit cards.

Purchase CategoryReward Points per Rs 200Reward Rate*
Online Spends364.5%
Offline spends182.25%
Rent, Wallet, Recharge, Utility bills, Insurance, Government payments101.4%
*Reward rate calculation done assuming 1 RP= 25 paisa (for flights & hotels redemption). Reward rate will differ based on the reward redemption category. For example, in case of air miles redemption where 1 RP = 10 paisa, reward rate comes down to 1.8% on online spends and 0.9% on offline spends.
  • Accelerated rewards on online shopping i.e., 36 reward points for every Rs 200 spent.
  • Earn 18 reward points for every Rs 200 spent offline.
  • Earn 10 reward points on every Rs 200 spent in select categories.
  • Select categories include Rental payments, Wallet Loading, Recharge & Utility bill payments, Insurance and Government payments.
  • No reward points are earned on fuel, cash withdrawals and EMI conversions.
  • Maximum reward points per statement cycle is 1 lakh.

YES Bank Marquee Credit Card 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.

Reward Redemption

  • The reward points can be redeemed for purchases against various products and vouchers for flights & hotels, gifts, Air Miles (Club Vistara & InterMiles) and rewards catalog.
  • Check YES Bank Rewards portal for the rewards value and catalog.

YES Bank Marquee credit card Comparison with other premium cards from YES Bank

YES Bank has two other credit cards in premium category – Reserv and ELITE now that the First Preferred is discontinued. Among these, Marquee has the best benefits and rewards but also the highest fees.

CardYES Bank Marquee CardYES Bank Reserv (First Exclusive) Credit CardYES Bank ELITE (Premia) credit card
Joining FeeRs 9,999Rs 1,999 Rs 999
Joining Fee WaiverNo joining fee waiver. But you get 60,000 reward points worth Rs 6,000 to Rs 15,000, essentially a compensation for joining fee.Spend Rs 40,000 within 30 days to get joining fee waived.Waived on spending Rs 20,000 within first 30 days
Annual FeeRs 4,999Rs 1,999Rs 999
Annual Fee WaiverSpend Rs 10 lakh in a year for annual fee waiverSpend Rs 3 lakh in a year to get annual fee waived off. Waived on spending Rs 2 lakh in a year
Reward – 36 RP on online spends
– 18 RP on offline spends
– 10 RP on select categories
– 24 RP on online spends
– 12 RP on offline spends
– 6 RP on select categories
– 12 RP on online spends
– 6 RP on offline spends
– 4 RP on select categories
Complimentary Airport Lounge AccessDomestic – 6 per quarter
International- Unlimited
Domestic- 3 per quarter
International- 6 per year
Domestic- 2 per quarter
International- 3 per year
Read full reviewRead full review

Bottomline

The Marquee card carries enough benefits to justify its its hefty price tag. Ultimately, the decision whether or not you should get this card comes down to two questions – Are you eligible? and does this card suits your lifestyle?

How to Apply for YES Bank Marquee Credit Card?

The best way is to apply online through the official website of YES Bank. Apply through this link at YES Bank’s website to avail welcome benefit including Rs 500 Amazon voucher.

The online application process is very easy, comprising of four steps- Share basic details, check eligibility, apply for the credit card and complete your KYC.

Eligibility Criteria

Apart from basic requirements such as age bracket of 21-60 years, the eligibility criteria for the Marquee credit card is a on the higher side as it’s a premium offering.

  • A minimum net salary of Rs 3 Lakh per month or Annual ITR of Rs 24 Lakh and above is required.
  • An excellent credit score, preferably over 700 is also recommended for improving the approval odds.

Make sure you meet the eligibility criteria before going ahead and applying to avoid enquiry hits on your credit score.

Read more Marquee credit card details at YES Bank website.

Read more credit card reviews here.

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