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YES Bank RuPay Credit Card

YES Bank RuPay credit card is a virtual only credit card that’s lifetime free and gives you 8X rewards on UPI transactions. The card is issued only to the existing YES Bank VISA and MasterCard credit cardholders and is approved almost instantly. YES Bank RuPay credit card shares the credit limit of your primary card but comes with separate statement and billing.

Read more about its features, benefits and limitations in this review.

YES Bank RuPay credit card

YES Bank RuPay Credit Card Overview

Card Category Rewards
Joining FeeNil
Annual FeeNil
Welcome OfferNA
Best Features– 8 reward points on every Rs 200 spent on UPI transactions of above Rs 2,000.

Details from YES Bank

  • Enjoy a lifetime free credit card with no joining or renewal fees.
  • Earn 8 reward points for every Rs 200 spent on UPI transactions above Rs 2,000 and 2 points for every Rs 200 spent on non-UPI transactions.
  • Convenience of Virtual only Card. No physical card will be issued.
  • Separate credit card statement will be generated for each card. Any excess payments made on one card will not be applied towards the bill of the other card.
  • Preferential Foreign Currency Markup of 2.75% only.
  • Finance charges of 3.80% per month (45.60% annually)* on Revolving Credit will apply.
  • Stay protected against card loss, theft, any related fraud and emergencies.
  • Terms and conditions apply.

Fees and Charges

Joining Fee

Nil.

Annual Fee

Nil.

Finance Charges

3.80% per month (45.60% annually) on Revolving Credit.

Foreign Transaction Fee

2.75% of the transaction value.

Cash Advance Fee

Not applicable.

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

0.75% of the transaction value.

Add-on Card fee

Not applicable.

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

YES Bank RuPay Credit Card: Features

In a nutshell: It’s a LTF RuPay card in virtual mode, on shared limit with your existing YES Bank credit card but separate statement and billing.

  • Virtual only card. No physical card will be dispatched to you. That means you can not swipe it on any POS machines, can use it only via UPI or online.
  • Add to any UPI app such as PhonePe, GPay, PayTm and BHIM etc. and pay selecting YES Bank RuPay credit card.
  • You will get separate statement and billing for both shared cards- existing VISA/MasterCard and RuPay one.

YES Bank RuPay Credit Card Benefits

The main benefit of the card comes in form of earning rewards on UPI spends but there are additional perks too that come with most YES Bank credit cards.

  • Fuel surcharge waiver: Get 1% fuel surcharge waiver on transactions valued between Rs 400 to Rs 5,000 at all fuel pumps in India. Monthly waiver capping is Rs 125.
  • EMIs: Convert transactions over Rs 1,500 into EMIs by simply calling the Bank.
  • Quick Loan: Get a quick loan against your credit card within credit limit.
  • Low forex mark-up: The card has a 2.75% foreign transaction fee, that’s lower than the standard 3.5% on most entry level cards.

YES Bank RuPay Credit Card Rewards

The card gives you accelerated reward points in UPI transactions but note that no points are earned on fuel purchases and EMI conversions.

  • 8 reward points on every Rs 200 spent on UPI transactions above Rs 2,000.
  • 2 reward points on every Rs 200 spent on all online (non-UPI) spends.

Rewards Redemption:

  • The YES Rewards Points can be redeemed for purchases against various products and vouchers for flights & hotels, gifts, Air Miles (Club Vistara & InterMiles) and rewards catalog.
  • The value of 1 reward point differs for each category. For example, the value of 1 reward point to redeem against flights & hotels is Rs 0.25 (25 paisa) whereas it’s 10 paisa for gift vouchers. For Air Miles, 10 reward points are worth 1 Mile.
  • Check YES Bank Rewards portal for the rewards value and catalog.
  • A reward redemption fee of Rs 100 is applicable per redemption request.

Should You Get it?

It’s a lifetime free card earning you rewards on your UPI spends. So that’s a good enough benefit to justify its existence. But keep in mind the Rs 2,000 condition on UPI transactions for earning 8X rewards.

How to Apply Online?

You can apply for YES Bank RuPay credit card easily through the YES Bank’s official website. The approval is almost instant, fast and easy as the card is issued only to the existing cardholders. You’ll get your card within 3 days of applying for it in most cases.

Eligibility

All VISA and MasterCard credit cardholders of YES Bank, except any NRI, Corporate, Commercial, Co-branded and Purchase credit cards. Means if you already have a core/retail card from YES Bank, you can get RuPay credit card with the shared limit.

Other YES Bank credit cards

  • YES Bank BYOC card: A customizable credit card with choice of subscription plans, offers 1% cashback Or 8X reward points and complimentary lounge access.
  • YES Select credit card: Entry-level card with Rs 399 joining & annual fees, 2-8X reward points with lounge access and insurance coverage.
  • YES Ace credit card: Entry-level card with Rs 399 joining & annual fees, and 2-8X rewards.
  • YES Elite credit card: Premium level card (one step down from Reserv) with Rs 999 joining & annual fees, 4-12X rewards and lounge access.
  • YES Reserv credit card: Premium level card (formerly First Exclusive) with Rs 1,999 joining/annual fee, 24X accelerated rewards, 12 domestic & 6 international lounge visits per year, insurance and more.
  • YES Bank Wellness credit card: Rs 749 joining/annual fee, free health check-ups, consultations and fitness sessions. Good rewards on chemist/pharmaceutical purchases.

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