The YES Prosperity Rewards Plus Credit Card is a credit card offered by YES Bank, one of India’s leading private sector banks. It is designed to provide cardholders with attractive rewards and benefits on their everyday purchases.
Rewards and Privileges
The YES Prosperity Rewards Plus Credit Card offers additional reward points on travel and dining spends, allowing you to earn more for every rupee spent in these categories. With the card, you can earn an extra 2X reward points on top of the regular rewards rate. For example, you can earn 4 reward points for every ₹200 spent.
Moreover, the card provides a convenient fuel surcharge waiver when you use it to pay for fuel at participating stations across India. This waiver helps you save on the additional charges associated with fuel purchases.
Please note that the specific terms and conditions regarding reward points, bonus rewards, and the fuel surcharge waiver may be subject to the YES Bank’s policies and can vary based on the specific card variant and ongoing promotions. It’s advisable to refer to the bank’s official information or contact their customer service for precise details.
Benefits of YES Prosperity Rewards Plus Credit Card
The YES Prosperity Rewards Plus Credit Card provides a range of lifestyle benefits, allowing you to enjoy great offers across various categories such as travel, dining, shopping, wellness, and more. These offers are available in select cities, providing you with opportunities to save and enhance your lifestyle experiences.
In addition, the card allows you to earn exciting reward points on all your purchases. You can accumulate these reward points and redeem them through the YES Rewardz program, which offers a wide selection of redemption options including products, vouchers, and services.
When it comes to foreign currency transactions, the YES Prosperity Rewards Plus Credit Card offers a preferential foreign currency markup of only 2.75%. This means that when you make purchases in a foreign currency or during international travel, you will be charged a competitive markup rate, resulting in potential savings compared to higher markup rates offered by other cards.
Please note that the availability of specific offers, reward points earning rates, and the foreign currency markup rate may be subject to the bank’s terms and conditions. It’s recommended to refer to the official YES Bank information or contact their customer service for the most accurate and up-to-date details.
Additional Offers
The YES Prosperity Rewards Plus Credit Card offers insurance coverage known as Credit Shield, which provides financial protection in the unfortunate event of accidental death of the Primary Cardmember. This coverage can help alleviate the financial burden on the cardholder’s family during such difficult times.
In terms of the interest rates, for revolving credit, cash advances, and overdue amounts, the card carries an interest rate of 3.80% per month, which equates to an annual rate of 45.6%. However, for credit cards issued against a fixed deposit, the interest rate on revolving credit, cash advances, and overdue amounts is lower at 2.49% per month (29.88% annually). This feature can provide flexibility in managing outstanding balances.
Furthermore, when it comes to fuel transactions, the YES Prosperity Rewards Plus Credit Card offers a fuel surcharge waiver of 1% for transactions ranging between INR 400 and INR 5,000. This means that when you use the card to pay for fuel within this specified range, the 1% surcharge typically imposed on such transactions will be waived, allowing you to save on fuel expenses.
It’s important to note that the specific terms and conditions regarding insurance coverage, interest rates, and fuel surcharge waivers may be subject to the YES Bank’s policies and can vary based on the specific card variant and ongoing promotions. To get accurate and up-to-date details, it’s advisable to refer to the bank’s official information or contact their customer service directly.
When you use the YES Prosperity Rewards Plus Credit Card, you can earn 8 reward points for every ₹200 spent on travel and dining. However, this earning is capped at a maximum of 1500 Rewards per statement cycle.
For all other categories of spending, you can earn 4 reward points for every ₹200 spent. Certain select categories may offer 2 reward points for the same spending amount.
Moreover, the accumulated reward points can be converted into Air Miles. Specifically, for every 10 reward points earned, you can redeem them for 1 InterMile or 1 Club Vistara point, depending on the specific airline loyalty program you choose to convert your points into.
It’s important to note that the reward points earning rates, category restrictions, and conversion ratios may be subject to the YES Bank’s policies and can vary based on the ongoing promotions and tie-ups with airline partners. To get precise and updated information, it’s recommended to refer to the official YES Bank documentation or reach out to their customer service directly.
Eligibility
To be eligible for the YES Prosperity Rewards Plus Credit Card, applicants should meet the following criteria:
1. Age: Applicants must be between 21 to 60 years of age.
2. Employment Type: Both salaried individuals and self-employed individuals can apply for the card.
3. Minimum Net Salary or Income Tax Return: Salaried individuals should have a minimum net monthly salary of INR 25,000. Alternatively, self-employed individuals should have an Income Tax Return of INR 7.5 lakhs and above.
It’s important to note that meeting the eligibility criteria does not guarantee card approval, as the final decision is at the discretion of YES Bank based on their internal assessment and policies. It’s recommended to refer to the official YES Bank website or contact their customer service for the most accurate and up-to-date eligibility requirements and documentation.
Fees and Charges
The YES Prosperity Rewards Plus Credit Card comes with certain fees and charges. Here are the details:
1. First Year Membership Fee: There is an initial membership fee of INR 399 for the first year. However, this fee is reversed if you spend a minimum of INR 5,000 within 30 days of card setup.
2. Renewal Membership Fee: For subsequent years, there is a renewal membership fee of INR 399. This fee can also be reversed if you spend at least INR 50,000 within the 12 months prior to the renewal.
3. Interest Rates: The card carries an interest rate of 3.80% per month, which amounts to an annual interest rate of 45.6% for revolving credit, cash advances, and overdue amounts. However, for credit cards issued against a fixed deposit, the interest rate on revolving credit, cash advances, and overdue amounts is 2.49% per month (29.88% annually).
4. Rental and Wallet Transaction Charges: For rental and wallet transactions exceeding Rs 1, a minimum charge of 0.50% of the transaction value or Rs 1, whichever is higher, will be levied. It’s important to note that rental transactions are capped at a maximum of 3 transactions within a 30-day period.
These fees and charges are subject to the YES Bank’s policies and may be revised from time to time. It’s advisable to refer to the official YES Bank documentation or contact their customer service for the most accurate and up-to-date information regarding fees and charges.
Frequently asked questions (FAQs) about the YES Prosperity Rewards Plus Credit Card:
1. How can I apply for the YES Prosperity Rewards Plus Credit Card?
You can apply for the card by visiting the official YES Bank website or by contacting their customer service. The bank will guide you through the application process and provide the necessary instructions and documentation requirements.
2. Can I convert my reward points into cash?
No, the reward points earned with the YES Prosperity Rewards Plus Credit Card cannot be converted into cash. However, you can redeem them for a wide range of products, vouchers, or services available in the YES Bank Rewards Catalog.
3. Is there a limit on the number of reward points I can earn?
Yes, there is a cap on the number of reward points you can earn in certain categories. For example, on travel and dining spends, the maximum reward points you can earn in a statement cycle is 1500 Rewards.
4. How can I redeem my reward points?
You can redeem your reward points through the YES Rewardz program. You can browse the available redemption options, choose the desired item or voucher, and follow the redemption process outlined by YES Bank.
5. Are there any additional benefits or offers associated with the card?
Yes, the YES Prosperity Rewards Plus Credit Card offers various lifestyle benefits, including discounts and offers across travel, dining, shopping, wellness, and more. These benefits may vary from time to time, and you can stay updated by checking the official YES Bank channels or contacting their customer service.
Conclusion
In conclusion, the YES Prosperity Rewards Plus Credit Card is designed to provide cardholders with attractive rewards, lifestyle benefits, and convenient features. It offers accelerated reward points on travel and dining spends, the flexibility to redeem points for air miles, and a range of offers across different categories. It’s important to review the specific terms, fees, and eligibility criteria associated with the card before applying. For more detailed information, it is best to visit the YES Bank website or reach out to their customer service directly.
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