With Yes Bank Wellness Credit Card you earn wellness points on eligible transactions that can be redeemed for services like gym memberships, spa treatments, nutrition counseling, and wellness retreats. It partners with renowned healthcare providers to offer discounts on fitness facilities, alternative therapies, and organic groceries. The card also includes lifestyle benefits like airport lounge access and hotel discounts, allowing you to maintain wellness routines while traveling.
Yes Bank Wellness Card
Joining: In between INR 500 to INR 5000 on basis of card variant.
Renewal fee: In between INR 500 to INR 5000 on basis of card variant.
Rewards: Up to 20 reward points on every INR 100 spent
Welcome Benefits: Up to 5000 bonus reward points
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Features of Yes Bank Wellness Card
Healthy Rewards – The Yes Bank Wellness Credit Card incentivizes you to stay fit and healthy. You earn 20 reward points for every Rs.100 spent on wellness-related expenses like gym memberships, health supplements, medical bills, etc.
Fuel Surcharge Waiver – You don’t have to pay any fuel surcharge on your transactions at petrol pumps across India when using this card.
Welcome Bonus – New cardholders are rewarded with up to 5,000 bonus reward points on meeting the specified spend criteria within 60 days of issuance.
Complimentary Annual Health Check-up – Enjoy one free preventive health check-up per year at any of the empaneled healthcare providers.
Attractive Interest Rates – The card offers highly competitive interest rates on outstanding balances – as low as 3.33% per month (39.99% annualized).
Insurance Benefits – You get complimentary insurance covers like air accident insurance cover of Rs. 50 lakhs and purchase protection against theft/burglary for 90 days.
Lifestyle Privileges – Enjoy special discounts and offers at high-end wellness centers, spas, salons, and health food stores across the country.
Reward Redemption Flexibility – Redeem your accumulated reward points for gift vouchers, merchandise, or cashback directly into your card account.
Other Yes Bank Credit Card offers in India
Fees & charges of Yes Bank Wellness Card
Annual Membership Fee: The Yes Bank Wellness Credit Card comes with an annual membership fee that varies based on the card variant you choose. For the basic variant, the fee is typically around ₹500, while for the premium variants, it can range from ₹1,000 to ₹5,000.
Interest Rates: If you fail to pay your outstanding balance in full by the due date, you’ll be charged interest on the unpaid amount. The interest rate on the Yes Bank Wellness Credit Card is currently around 36% per annum, which is subject to change based on market conditions.
Late Payment Charges: In case you miss your credit card payment due date, you’ll be liable to pay late payment charges. These charges typically range from ₹100 to ₹1,000, depending on your outstanding balance and the number of times you’ve missed your payment.
Over-Limit Fee: If you exceed your credit limit, Yes Bank may charge you an over-limit fee, which is generally around 2.5% of the amount by which you’ve exceeded your limit, subject to a minimum of ₹500.
Cash Advance Fee: If you use your Yes Bank Wellness Credit Card to withdraw cash from an ATM or over the counter, you’ll be charged a cash advance fee, typically around 2.5% of the transaction amount, subject to a minimum of ₹300.
Foreign Currency Transaction Fees: When you make transactions in a currency other than Indian Rupees, Yes Bank will levy a foreign currency transaction fee, which is usually around 3.5% of the transaction amount.
Fuel Surcharge: Depending on your card variant, Yes Bank may charge a fuel surcharge of around 1% on transactions made at petrol pumps.
Reward Redemption Fees: If you choose to redeem your reward points or miles for products, services, or travel bookings, Yes Bank may charge a nominal redemption fee, typically ranging from ₹100 to ₹500.
Rewards and Cashback of Yes Bank Wellness Card
- The Yes Bank Wellness Credit Card offers an attractive rewards program to incentivize a healthy lifestyle for its cardholders.
- You earn 20 reward points for every ₹100 spent on wellness-related purchases like gym memberships, health supplements, sports equipment, and more.
- Booking medical appointments or paying hospital bills also earns accelerated rewards at the same rate.
- For other spends on the card, you get 10 reward points per ₹100 spent.
- The rewards earned can be redeemed for a wide range of goodies including vouchers, merchandise, and even cash credits into your card account.
- In addition to rewards, the Wellness Credit Card provides cashback benefits on wellness spends. You get 5% cashback for transactions at pharmacies, diagnostic centers, and wellness centers/spas.
- Staying fit gives you more – each time you achieve your daily step goal tracked on the Yes Bank mobile app, you become eligible for bonus cashback up to 20% on the next wellness transaction.
- The card also offers a fixed 0.5% cashback on all other retail purchases made on the card.
How to Redeem Earned Rewards and Cashback Points on Yes Bank Wellness Card?
- Log in to your Yes Bank Wellness Credit Card account on the bank’s website or mobile app.
- Navigate to the “Rewards” or “Cashback” section to view your accumulated points or cashback balance.
- Explore the redemption options, which may include merchandise, gift vouchers, airline miles, utility bill payments, or statement credit.
- Select the desired redemption option and follow the on-screen instructions to complete the process.
- If redeeming for merchandise or vouchers, provide the necessary delivery details.
- For statement credit or bill payments, choose the appropriate account or utility service provider.
- Review and confirm the redemption details before finalizing the transaction.
- You may receive a confirmation email or notification upon successful redemption.
- Keep in mind that certain redemption options might have minimum points or cashback balance requirements.
Eligibility for Applying Yes Bank Wellness Card
- You must be an Indian citizen residing in India.
- Your age should be between 21 and 65 years at the time of application.
- You should have a steady source of income, either through employment or self-employment.
- Your minimum annual income should be at least ₹2.5 lakhs if you are a salaried individual or ₹3 lakhs if you are self-employed.
- You should have a good credit history with a CIBIL score of 750 or above.
- You must provide necessary documents like identity proof, address proof, income proof, and any other documents as required by the bank.
- If you are an existing Yes Bank customer with a satisfactory relationship, your chances of approval may be higher.
- The bank may have additional eligibility criteria based on your location, profession, or other factors, which you can check on their website or by contacting their customer care.
Documents Required for Yes Bank Wellness Card
- Passport-size Photographs: Two recent color photographs with a white background are required. One photograph should be pasted on the application form, and the other should be submitted as a separate document.
- Proof of Identity: You must submit a valid and unexpired government-issued identity document, such as a PAN card, Aadhaar card, voter ID card, or passport.
- Proof of Residence: A recent utility bill (electricity, water, or landline telephone bill) or bank statement not older than 60 days should be provided as proof of your current residential address.
- Income Documents: Depending on your employment status, you may need to submit one or more of the following documents:
- For salaried individuals: Latest three months’ salary slips, Form 16, or salary certificate from your employer.
- For self-employed individuals: Income Tax Returns (ITR) for the last two financial years, along with computation of income and balance sheets.
- For businesspersons: Income Tax Returns (ITR) for the last two financial years, along with computation of income, balance sheets, and profit & loss statements.
- Bank Statement: A recent bank statement showing your last six months’ transactions and account details may be required.
- Existing Credit Card Statements: If you have any existing credit cards, you may need to provide the latest six months’ statements from those cards.
- No Objection Certificate (NOC): If you are currently employed, your employer may need to provide a No Objection Certificate (NOC) confirming their approval for you to obtain a credit card.
How to apply for Yes Bank Wellness Card?
- Eligibility Check: Before applying, ensure that you meet the eligibility criteria set by Yes Bank for the Wellness Credit Card. This typically includes factors such as age, income, credit score, and employment status.
- Gather Required Documents: Collect the necessary documents that will be required during the application process. These may include identity proof (such as PAN card or Aadhaar card), address proof, income proof (such as salary slips or bank statements), and any other documents specified by the bank.
- Choose the Application Method: Yes Bank offers multiple options to apply for the Wellness Credit Card. You can apply online through their website, visit a nearby Yes Bank branch, or contact their customer care helpline for assistance.
- Online Application: If you opt for the online application process, visit the Yes Bank website and navigate to the credit card section. Look for the “Apply Now” or “Apply Online” option for the Wellness Credit Card.
- Fill in the Application Form: Provide accurate and up-to-date personal, employment, and financial details in the online application form. Double-check the information before submitting to avoid any errors.
- Submit Supporting Documents: Upload scanned copies of the required documents as per the bank’s instructions. Ensure that the documents are clear, legible, and within the specified file size and format guidelines.
- Review and Submit: Carefully review the entire application form and the submitted documents before clicking the “Submit” button. Once submitted, you will receive an acknowledgment or reference number for future reference.
- Follow-up: After submitting the application, Yes Bank may contact you to verify the provided information or request additional documents, if necessary. Cooperate promptly to expedite the process.
- Decision Communication: Yes Bank will evaluate your application and communicate their decision within the specified timeline. If approved, you will receive further instructions regarding the credit card issuance and delivery.
- Activate and Use: Upon receiving the Wellness Credit Card, follow the provided instructions to activate it. Once activated, you can start using the card and enjoy its benefits and features.
Yes Bank Wellness Credit Card Limit
- The Yes Bank Wellness Credit Card offers a competitive credit limit range, catering to diverse financial needs and spending patterns.
- For salaried individuals, the credit limit typically starts from ₹25,000 and can go up to ₹5,00,000, depending on factors like income, credit history, and existing debts.
- Self-employed professionals and business owners may be eligible for a higher credit limit, potentially ranging from ₹50,000 to ₹10,00,000, subject to the bank’s evaluation of their financial profiles.
- The credit limit is determined through a comprehensive assessment of the applicant’s income, employment status, credit score, and overall creditworthiness.
- Customers with a strong credit history and a stable income stream often qualify for higher credit limits, enabling them to make larger purchases or consolidate existing debts more effectively.
- Yes Bank periodically reviews the credit limits based on the cardholder’s payment patterns, credit utilization, and overall financial health, providing opportunities for credit limit increases or decreases as deemed appropriate.
- Cardholders can request a credit limit enhancement after maintaining a good repayment track record for six months or more, subject to the bank’s approval and additional documentation, if required.
- It’s essential to manage credit card spending responsibly and maintain a healthy credit utilization ratio (ideally below 30%) to maintain a favorable credit score and increase the chances of future credit limit enhancements.