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Yes First Preferred Credit Card

Apply YES First Preferred Credit Card

Annual Fee

Nil

Reward Type

Travel

Joining Fee

Nil

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Overview of YES FIRST Preferred Credit Card

The YES FIRST Preferred Credit Card provides great welcome reward points, a priority pass membership and lets the customer enjoy 25% discounts on movie bookings when booked on BookMyShow.

About YES BANK

YES BANK is said to be India’s fourth largest private sector Bank. It is a “Full Service Commercial Bank” that has developed a Corporate, Retail and SME Banking franchise, with a wide product range including Financial Markets, Investment Banking, Corporate Finance, Branch Banking, Business and Transaction Banking and Wealth Management business lines that are spread across India.

YES FIRST Preferred Credit Card Features

  • For every Rs.100 that is spent on retail spends, the customer can earn 8 reward points
  • For every YES PayNOW registration, the customer gets 1000 reward points.
  • There is an Interest Rate of 1.99% per month only on revolving credit, cash advances and overdue amount for card holders who have a YES BANK salary or savings account.
  • There is an Interest Rate of 2.75% per month only on revolving credit, cash advances and overdue amount for card holders who do not have a YES BANK salary or savings account.
  • There is an Interest Rate of 2.59% per month only on revolving credit, cash advances and overdue amount for credit cards issued against Fixed Deposits.
  • Preferential Foreign Currency Markup of 1.75% only is given.
  • Life insurance coverage of Rs.1 crore is provided for death due to air accidents.
  • Medical insurance coverage of Rs.25 lakhs is provided as cover on medical emergencies when travelling overseas.
  • Credit shield cover on accidental death of the primary cardholder is provided.
  • This credit card has contactless technology which enables fast, convenient and secure payments at all retail shops.
  • MasterCard SecureCode can be created to secure online transactions

YES FIRST Preferred Credit Card Benefits

  • 15,000 welcome reward points are given to the customer on his/her first transaction done within the first 90 days of the card set-up date.
  • 10,000 reward points can be earned on each renewal.
  • The customer can also earn 20,000 bonus reward points if he/she has spent Rs.7.5 lakhs or more on each anniversary year.
  • There is a fuel surcharge waiver that is provided at all fuel stations across the country for transactions between Rs.400 and Rs.5000.
  • There is an Instant EMI feature on this YES BANK credit card.
  • There is a MasterCard World Gold Programme wherein one can enjoy a waiver of 3 Green Fee at select golf courses in India and enjoy 1 complimentary golf lesson every month at select golf courses in India.
  • The cardholder has YES ASSIST dedicated concierge services such as car rental, limousine referral, hotel referral, travel referral, restaurant referral and reservation assistance. They also have special events and performance assistance, movie tickets assistance in Mumbai, Chennai, Bengaluru and New Delhi along with flower and gift delivery. Automobile assistance is also provided.
  • Complimentary Priority Pass membership and 4 complimentary visits is provided in a year for the primary cardholder.

YES FIRST Preferred Credit Card Annual Fee

The YES Preferred Credit Card has no annual fee and no renewal fee.

Eligibility for YES FIRST Preferred Credit Card

In order to be eligible for a YES FIRST Preferred Credit Card, the customer must meet certain eligibility criteria for the same. The eligibility criteria are as follows:

  • One must be a minimum of 21 years of age and a maximum of 60 years of age.
  • One must either be a salaried individual or self-employed individual
  • Should have a minimum net salary of Rs.200,000 per month or Income Tax Returns of Rs.24 lakhs or above
  • It is also provided against a Fixed Deposit of Rs.3,00,000 and above.

Documents required for YES FIRST Preferred Credit Card

The documentation is very simple. One will be needed to submit the following:

  • 2 passport size photos and a signature-bearing national identity card
  • Proof of address which can be submitted in the form of a Ration card, an electricity bill, passport, etc.
  • PAN card, Form 16 and Income Tax Returns
  • Proof of salary, employment / proof of business details
  • Last 3 months salary statement.

Redemption of Reward Points

One can redeem the YES FIRST Preferred Credit Card’s reward points on the dedicated website for reward points redemption on flights, hotels or movie ticket booking.

Rs.0.25 = 1 reward point

There is an exclusive catalogue of products to choose from for the customer.

1 JPMile = 4 reward points (for Air-miles)

YES FIRST Preferred Credit Card FAQs

1. What is the eligibility for the YES FIRST Preferred Credit Card?

  • One must be a minimum of 21 years of age and a maximum of 60 years of age.
  • One must either be a salaried individual or self-employed individual
  • Should have a minimum net salary of Rs.200,000 per month or Income Tax Returns of Rs.24 lakhs or above
  • It is also provided against a Fixed Deposit of Rs.3,00,000 and above.

2. How can I check my eligibility for the YES FIRST Preferred Credit Card?

You can check your eligibility for a YES FIRST Preferred Credit Card with CreditMantri by creating your credit profile.

3. What is the annual fee of YES FIRST Preferred Credit Card?

The YES FIRST Preferred Credit Card has a first-year membership fee of Rs.2,500 plus applicable taxes. The renewal membership fee is Rs.2,500 plus applicable taxes.

4. How can I redeem my reward points with this credit card?

One can redeem the YES FIRST Preferred Credit Card’s reward points on the dedicated website for reward points redemption on flights, hotels or movie ticket booking.

Rs.0.25 = 1 reward point

There is an exclusive catalogue of products to choose from for the customer.

Customer Reviews

4 / 5 (57 Reviews)
12 Jul 2018

Excellent

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