Yes Bank’s RuPay Credit Card resonates with modern, tech-savvy individuals, providing widespread acceptance across India for hassle-free cashless transactions nationwide, whether at local stores, booking travel, or online shopping. With attractive rewards like cashback offers, discounts at popular merchants, exclusive travel privileges, and insurance coverage tailored to suit various lifestyles, this user-friendly credit card elevates the overall financial experience.
Yes Bank RuPay Credit Card
Joining: Nil*
Annual fee: Nil*
Rewards: Up to 5% cashback on Spends on dining, movies & utility payments.
Welcome Benefits: Upto 5000 Reward points
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Features of Yes Bank RuPay Credit Card
Hassle-free usage – The RuPay card is accepted across India at over 25 lakh merchant outlets, ensuring seamless transactions wherever you go.
Affordable pricing – With a low annual fee starting from just Rs. 99, the Yes Bank RuPay card offers a cost-effective way to manage your expenses.
Rewarding experience – Earn reward points on every purchase you make, which can be redeemed for a variety of gifts, vouchers, or credit card statement credits.
Fuel surcharge waiver – Enjoy a waiver on fuel surcharges when you refuel at participating petrol pumps using your RuPay credit card.
Complimentary insurance covers – Get complimentary insurance covers like lost card liability cover, air accident cover, and purchase protection cover for added security.
Convenient repayment options – Choose from flexible repayment options like EMI, salary transfer, NEFT, or cash payment to suit your financial needs.
Exclusive offers – Avail of special discounts and offers from various merchants and service providers when you use your Yes Bank RuPay card.
Emergency cash assistance – In case you lose your card or run out of cash, you can avail of emergency cash assistance facilities through your RuPay card.
Global acceptance – Though primarily designed for domestic use, the RuPay card is also accepted at select international merchant outlets and ATMs.
Other Yes Bank Credit Card offers in India
Fees & charges of Yes Bank Rupay Card
Annual Fee: The Yes Bank RuPay Credit Card comes with a nominal annual fee of Rs. 499. However, this fee is waived off for the first year, making it a cost-effective option for new credit card users.
Interest Rate: The interest rate on the Yes Bank RuPay Credit Card varies based on your credit profile and spending behavior. Typically, it ranges from 3.33% per month (39.96% annually) to 3.5% per month (42% annually) on the outstanding balance.
Late Payment Charge: If you miss your due date for credit card payment, you’ll be charged a late payment fee. This fee is currently set at Rs. 100 for outstanding balances up to Rs. 500, and Rs. 600 for outstanding balances above Rs. 500.
Over-Limit Fee: If you exceed your credit limit, Yes Bank will charge an over-limit fee of 2.5% of the amount exceeding the limit, subject to a minimum of Rs. 500.
Cash Advance Fee: For cash withdrawals from ATMs or over the counter, you’ll be charged a cash advance fee of 2.5% of the transaction amount, with a minimum fee of Rs. 500.
Foreign Currency Markup: When you use your Yes Bank RuPay Credit Card for transactions in foreign currencies, a markup of 3.5% will be levied on the amount in addition to the exchange rate.
Fuel Surcharge: There’s no fuel surcharge applicable on transactions at petrol pumps within India when you use your Yes Bank RuPay Credit Card.
Reward Redemption Fee: If you choose to redeem your earned rewards for merchandise or vouchers, a nominal redemption fee may be charged, depending on the redemption option selected.
Rewards and Cashback of Yes Bank RuPay Credit Card
YES BANK RuPay Credit Card offers a rewarding ‘Cashback and Reward Points’ program to make your spends more valuable.
- You earn 1 Reward Point for every Rs. 100 spent on the card within India and overseas. These reward points can be redeemed for attractive merchandise, gift vouchers, and other exciting rewards.
- The card also provides cashback on certain categories of spends like:
- 5% cashback on dining spends
- 2.5% cashback on movie ticket bookings
- 1% cashback on utility bill payments like electricity, gas, etc.
- The cashback is credited directly to your YES BANK RuPay Credit Card account, making it hassle-free to track and redeem.
- There’s no minimum spending requirement to earn reward points or cashbacks. You start earning rewards right from your first transaction with the card.
- Additionally, you get 20% cashback up to Rs. 100 on your first domestic flight booking made through the card within first 60 days of issuance.
Both reward points and cashbacks never expire as long as the YES BANK RuPay Credit Card remains active and in good standing.
How to Redeem Earned Rewards and Cashback Points on Yes Bank RuPay credit Card?
- Redeeming rewards and cashback points on your Yes Bank RuPay credit card is a straightforward process that allows you to enjoy the benefits of your spending.
- You can redeem your accumulated points for a multitude of options, including statement credit, online vouchers, air miles, and even merchandise from the reward catalog.
- To check your current reward point balance, log in to your Yes Bank online banking account or mobile app, navigate to the credit card section, and you’ll find the updated points tally.
- For redeeming points as a statement credit, visit the redemption page, select the ‘Statement Credit’ option, enter the number of points you wish to redeem, and confirm the transaction. The credited amount will reflect in your next billing cycle.
- If you prefer redeeming for vouchers or air miles, browse through the available options, choose your desired reward, and follow the instructions to complete the redemption process.
- The reward catalog offers an array of merchandise, ranging from electronics to apparel and lifestyle products. Simply select the item you want, ensure you have sufficient points, and place the redemption order.
- Keep in mind that certain rewards may have specific terms and conditions, such as minimum points required or expiration dates, so always review the details before redeeming.
Eligibility for Applying Yes Bank RuPay Card
- Applicants must be Indian residents aged between 21 and 65 years at the time of application.
- A steady source of income is mandatory. Salaried individuals should have a minimum net monthly income of ₹15,000, while self-employed individuals should have a minimum annual income of ₹2 lakhs.
- Applicants should have a clean credit history with a CIBIL score of at least 725 or above. Any past defaults or settlements may lead to rejection.
- For salaried applicants, a minimum of 1 year of continuous service with the current employer is required. Freshers or those switching jobs recently may not be eligible.
- Self-employed individuals should have been in business for at least 2 years, with income tax returns and audited financials as proof of income.
- Residents of certain cities or regions may have additional eligibility criteria based on Yes Bank’s internal policies and risk assessment.
- Existing Yes Bank customers with satisfactory banking history and credit record are usually preferred for approval.
- The bank may request additional documents like proof of residence, identity proof, bank statements, etc. to verify the applicant’s credentials.
Documents Required for Yes Bank RuPay credit Card
- A completed Yes Bank RuPay credit card application form with your signature across the photograph.
- Your recent passport-size color photograph with a white background.
- Proof of identity – A copy of your Aadhaar card, Voter ID, Passport or Driving License.
- Proof of residence – Recent utility bills like electricity, piped gas, landline telephone or water bill not older than 2 months. Alternatively, you can submit your Ration Card or Registered Rent Agreement.
- Proof of income – Latest 3 months’ salary slips for salaried individuals or latest Income Tax Returns with computations of income for self-employed professionals and businesspersons.
- Bank account statement for the last 6 months showing your salary credits if you are a salaried person or business transactions if self-employed.
- A completely filled Employer’s Certificate if you are a salaried employee. Your HR can provide this on the company’s letterhead.
- For self-employed applicants – Proof of business like Registration Certificate, GST Certificate, Trade License etc.
- Any other additional documents that the bank may require based on your profession, income sources etc.
How to apply for Yes Bank Rupay Credit Card?
- Go to the Yes Bank official website to explore the various credit card options they offer. Look for the RuPay Credit Card section.
- Before applying, ensure you meet the eligibility criteria set by Yes Bank. Typically, this includes factors like age, income, credit score, etc.
- Choose the RuPay credit card that best fits your lifestyle and spending habits. Yes Bank offers a range of RuPay cards with different benefits and features.
- Once you’ve selected the RuPay credit card you want, proceed to fill out the online application form. Provide accurate personal and financial details as required.
- Along with the application form, you’ll need to upload certain documents such as identity proof, address proof, income proof, etc. Make sure these documents are valid and up to date.
- Double-check all the information you’ve provided in the application form. Ensure there are no errors or discrepancies. Once you’re satisfied, submit the application.
- After submitting your application, Yes Bank will review it. This process may take some time, so be patient. You can track the status of your application online or through customer service.
- If required, Yes Bank may contact you for further verification or clarification regarding your application details. Cooperate with them and provide any additional information they request.
- Once your application is approved, you’ll receive confirmation from Yes Bank. This may be via email or SMS. It will include details about your new RuPay credit card and its expected delivery timeline.
Yes Bank RuPay Credit Card Limit
- Understanding Your Credit Limit
- Your Yes Bank RuPay Credit Card comes with a predefined credit limit, which is the maximum amount you can spend using your card.
- This limit is determined by various factors including your income, credit history, existing debts, and other financial obligations.
- It’s important to remember that your credit limit isn’t a target to reach but rather a financial boundary to manage responsibly.
- Initial Credit Limit
- When you apply for a Yes Bank RuPay Credit Card, the bank assesses your financial situation and assigns you an initial credit limit.
- This limit may vary from person to person based on individual financial profiles.
- The initial credit limit serves as a starting point and can be adjusted over time based on your spending behavior and creditworthiness.
- Credit Limit Enhancement
- As you demonstrate responsible usage and timely repayment of your credit card bills, Yes Bank may offer you a credit limit enhancement.
- This enhancement allows you to access a higher credit limit, providing you with more purchasing power and flexibility.
- However, it’s important to use this increased limit judiciously and avoid overspending beyond your means.
- Factors Affecting Credit Limit
- Your credit limit is influenced by several factors, including your income level, employment status, credit score, repayment history, and overall financial stability.
- A higher income and a good credit score generally lead to a higher credit limit, while a lower income or poor credit history may result in a lower limit.
- Yes Bank evaluates these factors periodically and may adjust your credit limit accordingly.
- Managing Your Credit Limit
- It’s crucial to manage your Yes Bank RuPay Credit Card limit wisely to avoid exceeding it and incurring over-limit fees or damaging your credit score.
- Monitor your spending regularly and stay within your credit limit to maintain financial discipline.
- Set up alerts or notifications to keep track of your credit card usage and ensure that you don’t exceed your limit unintentionally.
- Communication with Yes Bank
- If you believe that your credit limit doesn’t accurately reflect your financial capacity or if you require a higher limit for specific reasons, you can contact Yes Bank to discuss your options.
- They may consider your request based on your repayment history, income level, and overall relationship with the bank.
- Remember to provide accurate information and demonstrate responsible financial behavior to increase your chances of a favorable outcome.