Yes Bank has reduced benefits on their credit cards

  • Thread starter Thread starter Sushubh
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Dear Cardmember,

Please note that effective 10th March 2023, number of rental transactions on your YES BANK Credit Card will be capped at 3 transactions per 30 days period . More than 3 rent payment transactions in the aforementioned period will not be processed.

In a period of 30 days, 0.50%* of the transaction value will be levied on ALL transactions from 1st rental transaction onwards (Applicable on both Primary and Add-on cards)

Furthermore, 0.50%* of the transaction value will be charged on wallet transactions.

*(Please note that Minimum 0.5% of the transaction value or INR 10 whichever is higher will be charged to the customer)
Click to expand...

Not sure what they mean by wallet transactions here.
 
Yes Bank's latest innovative and superlative solution is to increase charges and reduce benefits.

Important update regarding your Credit Card feature

Sr. No.Product FeatureExisting till 31st October 2023Revised (w.e.f. 1st November 2023)
1Payment Return₹350 (Per instance of cheque or Auto Pay Return)₹450 (Per instance of cheque or Auto Pay Return)
2Rent and Wallet charges0.75% of transaction value or ₹1 whichever is higher will be levied on all Rental and Wallet transactions.1% of transaction value or ₹1 whichever is higher will be levied on all Rental and Wallet transactions
3Cash Advance Fee2.5% of amount withdrawn or ₹300, whichever is higher2.5% of amount withdrawn or ₹500, whichever is higher
4Insurance CoverageAir Accident cover, Medical emergency cover, Credit Shield cover, Lost Card liability coverCredit Shield cover, Lost Card liability cover
 
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