The YES Prosperity Rewards Plus credit card is a premium card from YES Bank. It boasts a rewarding program where cardholders earn valuable points with every rupee spent, redeemable for exciting options like luxurious getaways and indulgent shopping sprees. This card elevates lifestyles with exclusive privileges such as complimentary airport lounge access, concierge services, and preferential treatment at partner establishments, ensuring remarkable travel and dining experiences.
Yes Bank Prosperity Rewards Plus Credit Card
Joining: Nil*
Annual/Renewal fee: 1,499 INR + taxes
Rewards: Up to 8X Reward points
Welcome Benefits: Up to 12,000 Reward points
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Features of Yes Bank Prosperity Rewards Plus Credit Card
Reward Points Galore: Earn a whopping 10 Reward Points for every ₹100 spent on the card for various categories like Dining, Groceries, Utilities, and more. That’s an incredible 10% value back!
Fuel Savings: Get a flat 4% value back on all your fuel spends across India, making those road trips more affordable.
Exclusive Golf Privileges: As a card member, enjoy complimentary green fee waivers at select premium golf courses across the country.
Airport Lounge Access: Relax and unwind at domestic lounges with 4 complimentary visits per year, making your travel experience truly rewarding.
Complimentary Add-On Cards: Add up to 3 add-on cards for your family members absolutely free of cost.
Attractive Welcome Bonus: Get rewarded with 10,000 Bonus Reward Points upon spending ₹75,000 within 60 days of card issuance.
Attractive Interest Rates: Enjoy attractive interest rates on revolving credit, making it easier to manage your expenses.
Comprehensive Insurance Coverage: Get covered with Purchase Protection, Lost Card Liability, and Air Accident Insurance for a worry-free experience.
Exclusive Deals and Discounts: Access a world of exclusive deals and discounts across various categories like dining, shopping, travel, and more.
24/7 Concierge Services: Enjoy personalized assistance with travel bookings, restaurant reservations, and more, anytime, anywhere.
Other Yes Bank Credit Card offers in India
Fees & charges of Yes Bank Prosperity Rewards Plus Credit Card
Annual Fees: The YES Prosperity Rewards Plus card comes with an annual fee of Rs. 1,499 for the primary card and Rs. 750 for each add-on card. This fee is, however, reversed if you spend a minimum of Rs. 5 lakhs annually on the card.
Joining Fees: There are no joining or activation fees for this credit card.
Interest Rates: The interest rates on this card vary based on your credit profile and the bank’s prevailing rates. Currently, the interest rates range from 3.33% per month (39.96% annually) to 3.50% per month (42% annually) on rolling outstanding balances.
Late Payment Charges: If you miss your due date for payment, you’ll be charged a late payment fee of Rs. 700 or the minimum outstanding balance, whichever is lower.
Cash Advance Fees: For cash withdrawals from ATMs or over the counter, you’ll be charged a transaction fee of 2.5% of the cash advance amount, subject to a minimum of Rs. 500.
Overseas Transaction Charges: Any international transaction (online or offline) will attract a markup of 3.5% on the INR equivalent of the transaction amount.
Reward Redemption Fees: Redeeming your reward points for merchandise, gift vouchers, or credit card statement credits is free of cost. However, redeeming points for airline tickets may attract a nominal handling fee.
Other Charges: Additional charges may apply for services like credit card replacements, retrieving copies of statements beyond three months, outstation cheque processing, and over-limit fees.
Rewards and Cashback of Yes Bank Prosperity Rewards Plus Credit Card
- Earn 8X Reward Points on Online Purchases, including e-commerce websites, food delivery apps, and movie ticket bookings.
- Get 5X Reward Points on Utility Bill Payments such as electricity, gas, water, and broadband bills.
- Earn 3X Reward Points on Grocery and Departmental Store Spends.
- Enjoy 1X Reward Point on all other spends.
- Redeem Reward Points for exciting rewards like Air Miles, Online Shopping Vouchers, and Fuel Vouchers.
- Get 5% Cashback on Dining Transactions, up to ₹125 per month.
- Avail 2.5% Cashback on Online Purchases, including e-commerce websites and food delivery apps, up to ₹250 per month.
- Receive 1% Cashback on Utility Bill Payments, up to ₹100 per month.
- Earn Bonus Reward Points on achieving specific Milestone Spends in a year.
- Enjoy Fuel Surcharge Waiver of up to ₹500 per month on transactions at Petrol Pumps.
- Get Complimentary Airport Lounge Access (Domestic) twice a year on spending ₹2 Lakh or more.
- Benefit from a Low Reward Points Redemption Rate starting from 2,500 Reward Points.
How to Redeem Earned Rewards and Cashback Points on Yes Bank Prosperity Rewards Plus Credit Card?
- The YES Prosperity Rewards Plus program allows you to earn rewards points on every spend made using your YES BANK Credit Card. These points can be redeemed for a wide range of rewards.
- To redeem your accumulated points, log into your YES BANK internet banking account or the YES BANK mobile app. Navigate to the ‘Rewards’ section.
- Here you will find a catalog of the available rewards you can claim using your points. This includes merchandise, e-vouchers, gift cards, and the option to redeem points for cash credits into your account.
- Once you select the reward of your choice, follow the prompts to complete the redemption process using your points balance.
- For popular rewards like flight tickets or hotel stays, you may need to transfer your points to partner programs like InterMiles or certain hotel loyalty programs first, before making the redemption.
- Keep an eye out for special redemption offers or discounted rewards that YES BANK runs periodically to help you maximize the value of your points.
- You can choose to auto-redeem your accumulated points for statement credits once you cross particular points thresholds if you prefer cash value over other rewards.
- Most rewards are processed within 5-10 working days, while statement credits are applied instantly after redemption approval.
- Make sure to redeem your rewards points regularly, as they typically expire after 2-3 years of accumulation if not redeemed.
Eligibility for Applying Yes Bank Prosperity Rewards Plus Credit Card
The YES Prosperity Rewards Plus credit card is designed for individuals with a steady income and a good credit history
- Age: You must be between 21 and 65 years old at the time of applying.
- Residency: You should be a resident Indian citizen or hold a valid work permit or employment visa.
- Income: The minimum annual income requirement varies based on your location. Generally, you need to have a minimum annual income of ₹3 lakh if you reside in a metro city, ₹2.5 lakh for urban areas, and ₹2 lakh for semi-urban or rural areas.
- Credit Score: While YES Bank doesn’t explicitly state a minimum credit score requirement, it’s advisable to have a CIBIL score of at least 750 to increase your chances of approval.
- Employment: You should be employed with a reputed organization or have a stable source of income from a business or profession.
- Existing Debt: Your existing debt obligations, including any outstanding loans or credit card balances, should not exceed 40-50% of your gross monthly income.
- Documentation: You’ll need to provide necessary documents like identity proof, address proof, income proof (such as salary slips, IT returns, or bank statements), and any other documents requested by the bank.
It’s important to note that meeting the eligibility criteria doesn’t guarantee approval, as YES Bank also considers other factors like your overall credit profile, banking relationship, and internal risk assessment criteria.
Documents Required for Yes Bank Prosperity Rewards Plus Credit Card
- A duly filled and signed YES BANK Credit Card application form.
- Your recent passport-sized photograph affixed on the application form.
- Proof of identity – Provide a copy of your Passport or Driving License or Voter’s ID card or PAN card.
- Proof of residence – Submit a copy of your latest utility bill (electricity/telephone/gas) not older than 2 months. Alternatively, you can provide a copy of your Ration Card or Registered Rent Agreement.
- Proof of income – If you’re a salaried employee, furnish your latest 3 months’ salary slips along with your Form 16. For self-employed individuals and professionals, you’ll need to share your latest Income Tax Returns along with corresponding Form 16.
- Bank account statement – Enclose a copy of your bank statement for the last 6 months. This helps the bank analyze your financial footprint.
For any supplementary card applications, an identity and residence proof of the supplementary applicant is mandatory.
How to apply for Yes Bank Prosperity Rewards Plus Credit Card?
The YES Prosperity Rewards Plus credit card offers a rewarding experience for customers who value a premium lifestyle. To apply for this card, you can follow these simple steps
- Visit the official website of YES Bank or any of their branches near you. Locate the section dedicated to credit card applications or inquire with a bank representative.
- Fill out the application form completely and accurately. You’ll need to provide personal details such as your name, date of birth, contact information, and employment details.
- Submit the required documents for verification purposes. These typically include proof of identity (such as your Aadhaar card or PAN card), proof of residence, and income proof (salary slips or bank statements).
- If you’re an existing YES Bank customer, you may be able to apply for the card through your online banking portal or mobile app, making the process even more convenient.
- Once your application is submitted, the bank will review your details and credit history. If approved, you’ll receive your YES Prosperity Rewards Plus credit card within a few business days.
Alternatively, you can also apply for the card over the phone by contacting the YES Bank customer care helpline. A representative will guide you through the application process and assist you with any queries.
Yes Bank Prosperity Rewards Plus Credit Card Limit
- The YES Prosperity Rewards Plus credit card comes with a credit limit that is tailored to your income and creditworthiness. However, as a general guideline, the credit limit typically ranges from Rs. 25,000 to Rs. 10,00,000.
- For salaried individuals, the credit limit is usually set at around 20-25 times their monthly net income. For self-employed or business owners, the credit limit may be determined based on their annual income and business financials.
- It’s worth noting that the credit limit provided is not a fixed amount and can vary from person to person. YES Bank evaluates each application individually, considering factors such as income, existing debts, credit history, and overall creditworthiness.
- If you initially receive a lower credit limit than desired, you can request an increase after maintaining a good repayment history for 6-12 months. YES Bank periodically reviews customer accounts and may offer a higher limit based on their credit behavior.
- Maintaining a low credit utilization ratio (the amount of credit used compared to the total limit) can also positively impact your chances of receiving a higher credit limit in the future.
- In case you need a temporarily higher limit for a specific purpose, such as a large purchase or travel, you can request a temporary credit limit increase from YES Bank, subject to their approval.