Yes Bank Marquee Credit Card
Joining: Included in Renewal/Annual fee
Renewal fee: 4,999 INR
Rewards: Up to 18 Reward points on every 100 INR spend on shopping
Welcome Benefits: Welcome benefits worth up to 15,000 INR
The Yes Bank Marquee Credit Card is a premium Card offered by Yes Bank. Designed for the discerning individual who appreciates the finer things in life, this card provides a host of exclusive privileges and rewards. Whether you’re a frequent traveler, a lifestyle enthusiast, or simply someone who values exceptional service, the Marquee Credit Card aims to elevate your experience.
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Features of Yes Bank Marquee Credit Card
- Exclusive lifestyle privileges: The Marquee Credit Card offers a range of curated lifestyle privileges, including access to premium golf courses, luxury hotel stays, and exclusive dining experiences.
- Accelerated reward points: Cardholders earn reward points at an accelerated rate for every rupee spent, allowing them to redeem rewards faster for a variety of options, such as air miles, gift vouchers, or statement credits.
- Complimentary airport lounge access: Enjoy complimentary access to domestic and international airport lounges, providing a comfortable and relaxing experience while traveling.
- Fuel surcharge waiver: Save on fuel expenses with a waiver on fuel surcharges at select petrol pumps across the country.
- Personal concierge services: Get assistance with travel planning, restaurant reservations, and other concierge services, ensuring a hassle-free and personalized experience.
- Attractive welcome bonus: New cardholders can enjoy a generous welcome bonus in the form of reward points or other benefits upon meeting the required spending criteria.
Benefits of Yes Bank Marquee Credit Card
- Elevated lifestyle: The Marquee Credit Card is designed to enhance your lifestyle by providing access to exclusive experiences, premium privileges, and personalized services.
- Accelerated rewards: Earn rewards at a faster rate, allowing you to redeem them more frequently for your desired rewards, such as travel, merchandise, or statement credits.
- Travel convenience: Enjoy seamless travel experiences with complimentary airport lounge access, reducing stress and providing a comfortable waiting area before your flights.
- Cost savings: Benefit from fuel surcharge waivers, which can lead to significant savings on your fuel expenses, especially for frequent travelers or those who drive extensively.
- Personalized assistance: The personal concierge services available with the Marquee Credit Card ensure that you receive personalized attention and support for various tasks, saving you time and effort.
- Exclusive offers: As a Marquee cardholder, you may also receive exclusive offers and discounts from partner merchants, enhancing the overall value proposition of the card.
Other Yes Bank Credit Card offers in India
Eligibilty for aplying Yes Bank Marquee Credit Card
- Applicants must be Indian residents aged between 21 and 65 years.
- A minimum annual income of ₹3 lakhs is required for salaried individuals, while self-employed individuals need a minimum annual income of ₹4 lakhs.
- Applicants should have a clean credit history with a CIBIL score of 750 or above.
- Individuals already holding a credit card with another bank can also apply, provided they meet the income criteria.
- For salaried applicants, the employer should be a reputed company with a minimum of 2 years of service.
- Self-employed individuals must have been in business for at least 3 years, with proof of income documents.
- Applicants should have a valid permanent address proof and identity proof as per RBI guidelines.
- Yes Bank may request additional documents or information during the application process, such as bank statements, ITR filings, or business registration proof.
Documents Required for Yes Bank Marquee Credit Card
- A completed Yes Bank credit card application form with your signature
- Your recent passport-sized photograph
- Proof of identity: A copy of your PAN card, Aadhaar card, or any other government-approved identity proof
- Proof of residence: A copy of your latest utility bill (electricity, water, or landline telephone), bank statement, or rent agreement
- Proof of income: Your latest salary slips for the past 3 months or Form 16 if salaried; Income Tax Returns with computation of income for the last 2 years if self-employed
- Bank account statement for the last 6 months, reflecting your salary credits and financial transactions
- If you’re a student or a housewife, you’ll need to provide additional documents like a bonafide certificate from your college/university or your spouse’s income proof, respectively
- Any other document specifically requested by the bank based on your employment status, income source, or credit profile
Fees and Charges of Yes Bank Marquee Credit Card
- Annual Membership Fee: The Yes Bank Marquee Credit Card comes with an annual membership fee of Rs. 4,999 (plus applicable taxes). However, this fee is waived off for the first year, providing you with a complimentary membership for the initial 12 months. After the first year, the annual fee will be applicable and charged to your credit card account.
- Joining/Renewal Fee: There is no separate joining or renewal fee associated with this credit card. The annual membership fee covers both the initial issuance and subsequent renewals.
- Interest Rates:
- Interest Rate on Revolving Credit (per month): 3.49% (42.88% annualized)
- Interest Rate on Cash Advances: 3.49% (42.88% annualized)
- The interest rates are subject to change based on the bank’s policies and the Reserve Bank of India’s (RBI) guidelines.
- Late Payment Charges: If you fail to make the minimum payment due by the payment due date, a late payment charge will be levied. The late payment charge is currently set at Rs. 500 or 2.5% of the total outstanding, whichever is higher.
- Cash Advance Fee: For cash withdrawals from ATMs or over-the-counter transactions, a cash advance fee of 2.5% of the transaction amount (subject to a minimum of Rs. 500) will be charged.
- Over-limit Fee: If you exceed your credit limit, an over-limit fee of 2.5% of the amount by which you have exceeded the limit (subject to a minimum of Rs. 500) will be charged.
- Foreign Currency Transaction Fee: For transactions made in a foreign currency, a markup of 3.5% on the INR equivalent of the transaction amount will be levied as a foreign currency transaction fee.
- Other Charges:
- Duplicate Statement Fee: Rs. 100 per statement
- Cheque Bounce Charge: Rs. 500 per instance
- Card Replacement Fee: Rs. 500 per replacement
Rewards of Yes Bank Marquee Credit Card
- Earn 10 Reward Points for every Rs. 100 spent on the card.
- Enjoy accelerated Reward Points on specific categories like dining, grocery, and more.
- Redeem Reward Points for attractive merchandise, gift vouchers, or cashback.
- Complimentary domestic and international airport lounge access with Priority Pass.
- Exclusive golf privileges and discounts at select golf courses.
- Personalized concierge services for travel, dining, and entertainment bookings.
Cashback of Yes Bank Marquee Credit Card
- Get 5% cashback on all online spends, up to Rs. 1,000 per month.
- Enjoy 2.5% cashback on all utility bill payments, including electricity, gas, and more.
- Earn 1.5% cashback on all other spends, with no limits or caps.
- Receive cashback credits directly into your card account within two billing cycles.
- No minimum spending requirement to avail of the cashback benefits.
How to Redeem Earned Rewards and Cashback?
Rewards:
- The Yes Bank Marquee Credit Card offers a lucrative rewards program that allows you to earn reward points on every eligible purchase you make.
- These reward points can be redeemed for a variety of exciting rewards, including merchandise, gift vouchers, airline tickets, hotel stays, and more.
- To redeem your rewards, simply log in to your Yes Bank account and navigate to the rewards section. Here, you can browse through the available rewards and select the ones that interest you.
- The redemption process is straightforward and hassle-free, allowing you to enjoy the fruits of your spending effortlessly.
- Additionally, the Yes Bank Marquee Credit Card offers exclusive rewards and offers from partner brands, giving you even more value for your money.
Cashback:
- In addition to the rewards program, the Yes Bank Marquee Credit Card also offers cashback on certain categories of purchases.
- The cashback is credited directly to your credit card account, effectively reducing your outstanding balance.
- To maximize your cashback earnings, be sure to check the cashback categories and make eligible purchases accordingly.
- The cashback can be used to offset your credit card bill or can be redeemed for statement credit, making it a convenient way to save money on your everyday expenses.
- Cashback offers may change periodically, so it’s always a good idea to stay updated on the latest promotions and offers from Yes Bank.
How to apply for Yes Bank Marquee Credit Card?
- First things first, ensure you meet the eligibility criteria set by Yes Bank for the Marquee Credit Card. This typically includes having a minimum annual income, a good credit score, and a decent credit history.
- Once you’ve confirmed your eligibility, you can initiate the application process online through Yes Bank’s website or mobile app. Alternatively, you can visit your nearest Yes Bank branch and request the application form in person.
- Fill out the application form diligently, providing accurate personal, employment, and financial details. Don’t leave any mandatory fields blank, as this could delay the processing of your application.
- Attach the required documents along with the application form. These usually include identity proof, address proof, income proof (such as salary slips or IT returns), and any other supporting documents requested by the bank.
- If applying online, you’ll need to upload scanned copies of the required documents. For a physical application, you can submit the original documents or self-attested copies.
- Once you’ve submitted the complete application, Yes Bank will verify the details and conduct the necessary credit checks. Be prepared to furnish any additional information or documents they may request during this process.
- If your application is approved, Yes Bank will intimate you about the same and initiate the issuance of your Marquee Credit Card. You’ll receive the physical card within a specified timeframe, typically 7-10 working days.
- Upon receiving the card, you’ll need to activate it by following the instructions provided by the bank. This may involve setting up a PIN, registering for online banking, or completing any other formalities required.
Yes Bank Marquee Credit Card Limit
- The Yes Bank Marquee Credit Card offers a credit limit ranging from ₹1 lakh to ₹25 lakhs, catering to the diverse needs of its customers.
- The credit limit assigned to each cardholder is determined by a comprehensive evaluation of their income, credit history, and financial profile.
- Individuals with a higher annual income and an excellent credit score are likely to be offered a higher credit limit, enabling them to make larger purchases and enjoy greater financial flexibility.
- For salaried professionals, Yes Bank typically considers factors such as their monthly salary, existing loan obligations, and overall debt-to-income ratio when determining the credit limit.
- Self-employed individuals or business owners may be required to provide additional documentation, such as income tax returns, bank statements, and financial statements, to substantiate their income and creditworthiness.
- Over time, as cardholders consistently demonstrate responsible credit behavior by making timely payments and maintaining a low credit utilization ratio, Yes Bank may periodically review and enhance their credit limits.
- Customers can also request a credit limit increase by contacting Yes Bank’s customer service or visiting their nearest branch, provided they meet the bank’s eligibility criteria.
It’s important to note that while a higher credit limit offers greater spending power, it also carries the responsibility of managing credit responsibly to maintain a healthy credit score and avoid excessive debt accumulation.
Some Points that attracted Customers
- Enjoy waiver of 4 Green Fee at select golf courses in India
- Purchase Protection Plan,
- Credit Shield cover of INR 15 Lacs,
- Lost Card liability of INR 15 Lacs
- 6 complimentary Domestic Airport Lounge visit in India per calendar quarter for Primary & Add-on Cardmember
- Unlimited Access to airport lounges internationally for Primary & Add-on card holders
- 1% Fuel surcharge waiver at fuel stations across India for transaction between INR 400 to INR 5,000
- Get a minimum 15% discount on dining at select restaurants on your YES BANK Credit Card
- Rewards
- 36 YES Reward Points – Accelerated rewards on Online Shopping for every INR 200
- 18 YES Rewards Points – Rewards on Offline spends for every INR 200
- 10 YES Reward Points – On every INR 200 spent on Select categories
- Air Miles – 10 YES Reward Points= 1 Inter-Mile / 1 Club Vistara Point