YES First Preferred Credit Card
Yes Bank
Annual Fee
₹999
Joining Fee
₹999 + GST
Base Reward
4% points
Foreign Markup
1.75% on all foreign currency spends
Fee Waiver
The joining fee can be waived if you spend ₹50,000 in first 90 days. The renewal fee can be waived off on spending ₹4 lakhs or more in the preceding year.
Interest Rate
3.8% per month
Welcome Benefits
10,000 reward points on first transaction within 90 days
Product Highlights
- 4 reward points per ₹200 spent on select categories
- 8 reward points per ₹200 spent on other retail purchases
- 16 reward points per ₹200 spent on travel and dining
- 4 complimentary international lounge access per year
- 2 complimentary domestic lounge access every quarter
Rewards
Get 4 reward points for every ₹200 spent on utilities, groceries, tax payments, and insurance sales. Earn 8 reward points for every ₹200 spent on other retail purchases. Enjoy 16 reward points for every ₹200 spent on travel and dining.
Redemption
1 Reward Point = ₹0.25 for hotel/flight bookings, 1 Reward Point = ₹0.10 for gift vouchers and product catalogue.
Category Rewards
| Category | Reward Rate | Monthly Cap |
|---|---|---|
utilities | 4%(4 Reward Points per ₹200) | No cap |
grocery | 4%(4 Reward Points per ₹200) | No cap |
shopping | 8%(8 Reward Points per ₹200) | No cap |
travel | 16%(16 Reward Points per ₹200) | No cap |
dining | 16%(16 Reward Points per ₹200) | No cap |
Benefits & Features
Domestic: 2 complimentary visits per quarter (Available for primary cardholders only) International: 4 complimentary visits per year via Priority Pass (Available from year 1) Full lounge access description
Fees & Charges
Eligibility
Min Age
21 years
Max Age
60 years
Min Income (Salaried)
₹2,00,000
Min Income (Self-Employed)
₹24,00,000
Available Networks
Pros & Cons
Pros
- High reward points on various categories
- Complimentary lounge access
- Low foreign markup fee
- Insurance benefits
Cons
- Joining fee of ₹999
- Redemption fee of ₹100 per request
- Limited to Mastercard network
Additional Info
Capped at 3,000 reward points per month for travel and dining spends