Yes Bank
YES First Preferred Credit Card
Annual Fee
₹1,179₹999 + GSTBase Reward
4% points
Foreign Markup
1.75% on all foreign currency spends
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
Category Rewards
Specialty
Select Categories 4X
4X
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.
Reward Calculator
Costs you ₹75/year
Break-even needs ~₹13,884/month at your reward mix.
₹13K
across all your buckets
5.5K
YES Rewardz
₹1.1K
via standard · ₹0.2/pt
Effective rate
0.71%
Annual fee
₹1,179
Year 1 net
₹-75
Year 2+ net
₹-75
ongoing
Adjust your spend by reward bucket
2 bucketsReal Reward Ceiling
Headline %s are gated by caps. Here's how far each accelerator stretches before it falls back to the base rate.
Select Categories 4X
Headline: 0.40% effective
Surcharges & Exclusions
Watch-outs that quietly erode your effective rewards. Categories listed as “excluded” earn 0% even if the merchant looks normal.
Excluded from rewards
rent, wallet, fuel, government, cash advance, emi pos conversion
Fuel surcharge waiver (good news)
2.5%capped at ₹250/cycle
Surcharges are typically charged 1 cycle after the transaction and may include GST. Always confirm with the bank's most recent T&C.
Rewards Details
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.
- 1 Reward Point = ₹0.25 for hotel/flight bookings, 1 Reward Point = ₹0.10 for gift vouchers and product catalogue.
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
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
Partner Merchants
Ready to apply?
Apply directly on the bank's official website. Quick approval, no hidden steps.
Apply NowOfficial bank website · Secure
Fees & Charges
Eligibility
Min Age
21 yrs
Salaried
₹2.0L+
Self-Emp
₹24.0L+
Networks
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.