Yes Bank Credit Cards

[Sushubh]

Something awkward I saw in a sms from Yes Bank today regarding credit card bill payment.

Please pay including the decimal value to avoid charges, immediate payment is required if previous statement dues are unpaid. -YES Bank Limited

They want their card users to pay the last paisa to avoid charges. Cool stuff.

 

[Jonas]

If the customers pay extra, would they get interest?

 

[Sushubh]

Revision in Terms & Conditions on your YES BANK Credit Card​

Dear Customer,

We wish to inform you that, product features on your YES BANK Credit Card are being revised w.e.f. 16th July, 2024 as follows:

1. Fuel Surcharge Waiver Capping:

YES BANK Credit Card	Fuel Surcharge Waiver Capping till 15th July 2024 (INR)	Fuel Surcharge Waiver Capping 16th July 2024 onwards (INR)
Finbooster	125	100
ELITE+ / BYOC Rewards/Wellness	250	125
Wellness Plus/ YES First Preferred	500	250
RESERV/YES First Business	1000	500

2. Rental Charges: 1% of transaction value or INR 199 whichever is higher will be levied on all Rental transactions.

Please note: The above-mentioned changes are not applicable to YES Private Credit Cards.

Terms & Conditions

 

[Sushubh]

Important update regarding your Credit Card charges

Dear Customer,
We wish to inform you that, effective 1st October 2024, , charges on your YES BANK Credit Card are being revised:

Education fee payment Charges: Payment to educational institutes done on university/college/school websites or their POS machines will not be charged any additional fee.

However, 1% fee +applicable GST will be levied in case education transactions are done through third-party websites and applications including (but not limited to) CRED, PhonePe, Housing.com, No-broker, Cheq etc. in a calendar month.

Total Education fee payment charges will be capped at INR 5,000 per customer per calendar month.

Category Merchant Category Codes (MCC)
Education 8211, 8220, 8241,8244, 8249, 8299
Note: The Merchant Category Codes (MCC) are set by the network (Visa, MasterCard, RuPay), not by YES BANK.

Fuel Transaction Charges: 1% fee + applicable GST will be levied on fuel transactions done in a calendar month in case the transaction value is greater than INR 10,000. Total Fuel Transaction charges will be capped at INR 5,000 per customer per calendar month.

Category Merchant Category Codes (MCC)
Fuel 5172, 5541, 5542, 5983, 9752
Note: The Merchant Category Codes (MCC) are set by the network (Visa, MasterCard, RuPay), not by YES BANK.

 

[Sushubh]

Important update regarding your Credit Card charges

Dear Customer,

We wish to inform you that, effective 1st October 2024, , charges on your YES BANK Credit Card are being revised:
Education fee payment Charges: Payment to educational institutes done on university/college/school websites or their POS machines will not be charged any additional fee.

However, 1% fee +applicable GST will be levied in case education transactions are done through third-party websites and applications including (but not limited to) CRED, PhonePe, Housing.com, No-broker, Cheq etc. in a calendar month.

Total Education fee payment charges will be capped at INR 5,000 per customer per calendar month.

Category Merchant Category Codes (MCC)
Education 8211, 8220, 8241,8244, 8249, 8299
Note: The Merchant Category Codes (MCC) are set by the network (Visa, MasterCard, RuPay), not by YES BANK.

Fuel Transaction Charges: 1% fee + applicable GST will be levied on every fuel transaction of value greater than INR 10,000.
Total Fuel Transaction charges will be capped at INR 5,000 per customer per calendar month.

Category Merchant Category Codes (MCC)
Fuel 5172, 5541, 5542, 5983, 9752
Note: The Merchant Category Codes (MCC) are set by the network (Visa, MasterCard, RuPay), not by YES BANK.

 

[Sushubh]

Important Update regarding your YES BANK Credit Card features:
Dear Customer,
Kindly be informed that a convenience fee of INR 99+GST will be applicable on YES Rewardz point redemption against each flight booking on YES Rewardz portal YES Rewardz Credit Card with effect from 20th October 2024.

 

[Sushubh]

this month they seem to have changed the password format for their statement pdfs. it's now four characters of name with DDMM in caps.

 

[Sushubh]

Important update regarding your YES Bank Credit Card

Dear Customer,
We wish to inform you about the upcoming changes on your YES BANK Credit Card effective 1st Feb'2025 for Over Limit Fee:

Over Limit Fee:

Card variants	Existing	Revised Fee
PROPSERITY REWARDS, PROSPERITY REWARD PLUS, PROSPERITY CAHSBACK, PROSPERITY CAHBACK PLUS, FIRST PREFERRED	2.5% of over limit amount or ₹500, whichever is higher	INR 500
ACE, SELECT, ELITE+, RESERV, MARQUEE	2.5% of over limit amount or ₹500, whichever is higher	INR 500
PROSPERITY BUSINESS, FIRST BUSINESS	2.5% of over limit amount or ₹500, whichever is higher	INR 500
FREO, UNI, KLICK, RIO, FINBOOSTER, ANQ PHI, ANQ PI, PAISABAZAAR_PAISASAVE, AI INSIDE, POP CLUB	2.5% of over limit amount or ₹500, whichever is higher	INR 500
RUPAY (VIRTUAL CC)	2.5% of over limit amount or ₹500, whichever is higher	INR 500
WELNESS, WELLNESS PLUS, BYOC CASHBACK, BYOC REWARDS, EMI	2.5% of over limit amount or ₹750, whichever is higher	INR 500

 

[Sushubh]

Important update regarding your YES BANK Credit Card
We wish to inform you about the following upcoming changes on your YES BANK Credit Card.

Credit Card Variants	Reward Points / Cashback Update
YES Private Credit Card YES Private Prime Credit Card YES BANK MARQUEE Credit Card YES BANK RESERV Credit Card YES BANK ELITE+ Credit Card YES BANK SELECT Credit Card YES BANK ACE Credit Card YES BANK Wellness Credit Card YES BANK Wellness Plus Credit Card YES BANK FinBooster Credit Card YES BANK KLICK Credit Card YES BANK POP-CLUB Credit Card YES BANK RuPay Credit Card YES BANK BYOC Credit Card (With rewards benefits)	Nil Reward Points on: Government transactions Marketing/Advertising category transactions
YES First Business Credit Card YES Prosperity Business Credit Card	Nil Reward Points on Government transactions
YES First Preferred Credit Card	Nil Reward Points on: Government transactions Marketing/Advertising category transactions Travel & Dining transactions will earn 8 reward points on every INR 200 spent
YES Prosperity Rewards Credit Card	Nil Reward Points on: Government transactions Marketing/Advertising category transactions Travel & Dining transactions will earn 8 reward points on every INR 200 spent
YES Prosperity Rewards Credit Card	Nil Reward Points on: Government transactions Marketing/Advertising category transactions Travel & Dining transactions will earn 2 reward points on every INR 200 spent
YES BANK BYOC Credit Card (with Cashback benefit) YES Prosperity Cashback Credit Card YES Prosperity Cashback Plus Credit Card	Nil Reward Points on: Government transactions Marketing/Advertising category transactions Travel & Dining transactions will earn 2 reward points on every INR 200 spent
YES BANK EMI Card	Nil cashback on: Government transactions Utility transactions Rental transactions Wallet transactions Education category transactions

W.E.F. 1st May 2025, bank shall be discontinuing Overlimit feature on your YES BANK Credit Card. All the customers currently availing overlimit facility as per given consent shall be disabled and any transaction attempted over and above the sanctioned credit limit shall be automatically declined. Thus, overlimit charges of INR 500/- exclusive GST, will not be applicable from 1st May 2025 onwards. If limit assigned to your credit card is insufficient to meet your financial transaction needs, you can write to us with latest income document to evaluate for permanent enhancement of your credit card limit. Please note this will be subject to bank’s internal policy and approval.

W.E.F. 1st April 2025 reward points/cashback earned on your credit card transactions will get revised as per table below.

W.E.F. 1st April 2025, Rate of interest applicable for automatic EMI conversion of eligible transactions as per the product feature of YES BANK EMI Card would be 18% per annum. For EMI conversion outside the product feature of YES BANK EMI Card or for EMI conversion on other Credit Card variants, applicable rate of interest as communicated in the EMI conversion journey would be applicable.

List of applicable MCC (Merchant Category) Codes:

Government Services MCC: 9034, 9211, 9222, 9223, 9311, 9399, 9402, 9405, 9700, 9701, 9702, 9751, 9754, 9950.
Marketing/Advertising MCC: 5960, 5962, 5964, 5965, 5966, 5967, 5968, 5969, 7311
Utility MCC: 4812, 4814, 4815, 4816, 4821, 4829, 4899, 4900
Education MCC: 8211, 8220, 8241, 8244, 8249, 8299
Wallet MCC: 6540
Rental MCC: 6513

Important Note:

RESERV was earlier known as YES First Exclusive
ELITE+ was earlier known as YES Premia
SELECT was earlier known as YES Prosperity Edge
ACE was earlier known as YES Prosperity Rewards Plus

 

[Sushubh]

1. Minimum Amount Due (MAD) calculation:
MAD = {Total GST + EMI amount + Membership/Rental/Wallet fees + Amount over the credit limit (if any)} + {(Other fees + Finance Charges + 2% of Retail/Cash outstanding) or INR 200, whichever is higher}

2. Cash deposit fee at Yes Bank Branches towards Credit Card repayment: INR 100 + GST