Yes Bank Reserv Credit Card
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Unlock a world of exclusive rewards and experiences with a card that celebrates your lifestyle. Earn a generous 24 reward points for every INR 200 you spend online. Manage your finances with ease, converting purchases over INR 1,500 into convenient EMIs. Travel seamlessly with access to luxurious international airport lounges. Elevate your passions with golf privileges and indulge in gourmet experiences with special dining discounts. Save on international spending with a low foreign currency markup of only 1.75% and enjoy an extended interest-free period for greater financial flexibility. Embrace the true meaning of luxury with each transaction. Read on to know more. 👇
Features & Benefits
Fees & Charges
| Fees/Charges | Amount | Description |
|---|---|---|
| First Year Membership Fee | ₹1,999+ applicable taxes | Waived off on total retail spends of INR 40,000/- done within 30 days of card set up date |
| Renewal Membership Fee* | ₹1,999+ applicable taxes | Waived off on total retail spends of INR 3,00,000/- or more within 12 months prior to card renewal date |
| Revolving Credit Interest Rate | 3.8% per month (45.60% annually) | Cash Advances and Overdue Amount |
| Foreign Transaction Fee | 1.75%+GST ~2.1% | - |
| Rental & Wallet Transaction | Minimum 1% of transaction value or Rs 1 whichever is higher will be levied on all Rental and Wallet transactions greater than Rs 1 | Please note that rental transactions are capped at 3 per 30 days period |
| Rewards Redemption Fee | ₹100 | On every redemption request |
- Cash Advance Limit: 2.5% (subject to a minimum of Rs. 300)
- Supplementary / Add-on Card fee: NIL (Maximum up to 3 add-on cards can be issued)
Late Payment Fees
- Up to ₹100: ₹0
- From ₹101 to ₹500: ₹100
- From ₹501 to ₹5000: ₹500
- From ₹5001 to ₹20000: ₹750
- From ₹20001 to ₹25000: ₹750
- From ₹25001 to ₹50000: ₹1100
- Above ₹50000: ₹1200
For further information on the card kindly visit the official YES Bank website or connect with the customer support at 1800 103 1212.
All About the Card
Overview
Ascend to new heights of luxury with the premier YES Bank credit card, crafted for the discerning individual. Immerse yourself in a world of opulent rewards, earning 24 points for every INR 200 spent online. Effortlessly convert purchases exceeding INR 1,500 into manageable EMIs, ensuring financial control.
This card unlocks the gateway to global travel with exclusive access to international airport lounges. Golf aficionados will revel in preferential access to esteemed courses. Dine in opulence with enticing discounts and safeguard your purchases with comprehensive insurance coverage.
Foreign transactions are made even more rewarding with a low foreign currency markup of 1.75%. The generous interest-free period empowers you with financial flexibility. Navigate life’s moments with confidence, knowing you have 24/7 customer support at your fingertips. Extend the card’s benefits to loved ones with convenient add-on cards for family members.
Experience the fusion of everyday convenience and unparalleled benefits with every secure transaction, protected by robust 3D security and zero liability for lost or stolen cards. This card transcends mere financial utility, becoming a distinguished emblem of your discerning lifestyle within YES Bank’s credit card portfolio.
Highlights
| Key Highlights | Description |
|---|---|
| Best Suited for | Travel, Shopping , Rewards |
| Annual fee | ₹399 + GST |
| Additional Benefits | Fuel Surcharge Waiver:1% fuel surcharge waiver for transactions between Rs 400 and Rs 5000. The maximum fee waiver is capped at Rs 250 per statement cycle.
BookMyShow Offer: 25% off up to Rs 250 once per calendar month Low Foreign Currency Markup: 1.75%+GST ~2.1% EMI on call: Convert payments into EMI with on-call service at attractive interest rates. Convert multiple transactions of INR 1,500 and above* into easy instalments Attractive interest rates Flexible Tenure options No paperwork, avail instantly online* Insurance Coverage Benefits: Credit Shield cover of 15 Lac, Lost Card liability 15 Lac to 30 Lac EMIs and Quick Loan:You can convert your transactions of over Rs 1,500 into EMIs. Get a loan amount within the card limit. Dining Offer:You can get up to 15% discounts when you dine at the select partner restaurants and pay using your YES RESERV credit card. Check YES Bank’s Dining Fiesta program for partner restaurants and offers. Rewards Redemption: Against Flights/Hotels: 25 paise per ₹ Against gift vouchers/products: 10 paise per ₹ Against InterMiles: ₹10 = 1 Mile Against Club Vistara Points Spend safely with RESERV Credit Card: Contactless Transactions: Experience fast, convenient, and secure payments at retail outlets with NFC technology Card Control: Stay in control of your card via your phone by managing card block/unblock, domestic and international credit limits, and more Keep Your Card Safe: Never disclose your password, OTP,PIN to anyone either through mail or over phone. Never respond to unsolicited calls asking for Card Activation, Verification, PIN reset, Rewards, Offers, KYC updation, etc. Password for IVR transactions: SMS YESIVR last 4 digits of your YES BANK Credit Card number to 9212738927 from registered mobile number |
Benefits
The YES RESERV Credit Card stands apart as one of India’s premier credit card options. It’s designed for those who demand an extraordinary blend of service and rewards, reflecting the essence of a truly luxurious lifestyle. With curated experiences and unmatched privileges, this card goes beyond simple financial transactions. It’s your key to unlocking exclusive possibilities, raising the bar for what a top-tier credit card can and should offer its discerning users.
Travel Benefits
Travel benefits with this credit card include:
- 12 domestic lounge access (3 per quarter) at select airports across India under the MasterCard lounge program.
- 6 complimentary International (Outside India) Aiport lounge visits per calendar year, for Primary Cardmember.
- Reward Points are transferable to partner airlines’ AirMiles.
Dining and Movie Benefits
You get dining offers on the Yes Privileges portal, and for movies, Yes Bank offers you a 25% discount on all movie tickets booked on the BookMyShow website or app (with a maximum discount capped at Rs. 250/month).
Fee Waiver Benefits
The Joining fee is waived on spending Rs. 40,000 in the first 90 days and the renewal fee is waived off if total spends reach Rs. 4 lakh or more in the previous year.
Insurance Benefits
Enjoy peace of mind knowing your everyday transactions are protected against accidental loss and fraud.
Here’s what’s included:
- Credit Shield cover of INR 3 Lakhs
- Lost Card liability cover of INR 3 Lakhs
- Insurance cover of INR 50,000 against accidental damage for 6 months for mobile & electronic devices purchased online.
Fuel Benefits
Tailored for those who spend a lot on fuel, the card provides a surcharge waiver at petrol stations across India. This benefit is particularly valuable for frequent drivers, making fuel purchases more economical. The convenience of saving on fuel costs adds to the appeal of this card for daily commuters and long-distance travelers alike.
Perfect for frequent drivers, this feature lets you save consistently on gas and optimize your travel costs.
Here’s how it works:
- Enjoy a 1% surcharge waiver on fuel purchases between INR 400 and INR 5,000.
- Save up to INR 250 per month on fuel surcharges.
This means you pay less at the pump, saving money on every fill-up. It’s a perfect way to stretch your travel budget and make every mile count.
Dining Benefits
Dining enthusiasts can enjoy exceptional perks from YES RESERV, including enticing discounts and rewards at many affiliated restaurants. This feature enhances the dining experience, making it a popular choice among foodies. Cardholders can enjoy a combination of culinary delights and savings, whether they like sophisticated dining or informal dining.
- Get a whooping 15% off your eating at certain restaurants.
Other Benefits
Go beyond simple transactions and elevate your lifestyle with the YES RESERV Credit Card. This card offers a curated selection of perks designed to make your everyday life easier and more enjoyable:
- Financial flexibility: Convert large purchases (INR 1500+) into manageable EMIs through a simple phone call. Enjoy an interest-free period of up to 50 days on purchases.
- Enhanced travel and spending:
- Benefit from a low foreign currency markup fee of only 1.75%.
- Access exclusive retail, food, travel, leisure, and wellness offers (check https://www.yesbank.in/personal-banking/yes-individual/yes-privileges/yes-privileges-offers for the latest deals).
- Convenience and security:
- Avail of Concierge Assistance, Automobile Assistance, and Home Assistance services.
- Connect with our 24/7 customer support for any assistance you need.
- Extend the card privileges to your family with add-on cards.
- Enjoy secure transactions with 3D Secure setup and zero card liability protection.
- Set your PIN quickly and easily make contactless payments for purchases up to INR 5,000.
- With the YES RESERV Credit Card, you can transform everyday transactions into experiences of ease and luxury.
Reward Points
The rewards program of the YES RESERV is highly attractive, offering points for every purchase made and making this one of the best rewards credit cards in India. These points have a high redemption value, turning everyday expenses into rewarding experiences. The program is designed to make regular purchases more beneficial, and appealing to many consumers.
- 24 YES Rewardz Points On every INR 200 for Online Shopping (except on Select categories)**
- 12 YES Rewardz Points On every INR 200 for Offline Shopping (except on Select categories)
- 6 YES Rewardz Points On every INR 200 on Select categories.
- Air Miles 10 YES Rewardz Points= 1 InterMile / 1 Club Vistara Point
Note:-
- **Reward Points will not be awarded for Fuel transactions, Cash withdrawals and transactions converted into EMI
- **Maximum cap of 36000 reward points per statement cycle
How to Apply?
If the user is an offline person, just head over to the nearest Yes Bank branch with the required documents, and fill out a physical application form.
For those who prefer the convenience of online applications, simply follow these simple steps:
Step 1: Visit offers.shepays.com and navigate to the ‘Credit Card’ section.
Step 2: Select the Yes Bank RESERV Credit Card from the available options and click on ‘Apply Now’.
Step 3: Fill out the online application form with personal and financial details once you’re redirected to Yes bank application portal.
Step 4: Upload the required documents, such as identity proof and income proof.
Step 5: Submit the application and wait for the bank’s decision.
It’s always a good idea to carefully review the terms and conditions of the credit card before applying and to consult with a financial advisor or the bank in case of any questions or concerns.
Eligibility Criteria
To be eligible to apply for the RESERV Credit Card, you’ll need to meet simple eligibility criteria and keep certain documents handy. We’ve highlighted the same below:
Eligibility Criteria-
- Between 21-60 years of age
- Salaried or self employed
- Minimum Net Salary of INR 2 lakh per month or Income Tax Return of INR 18 lakh and above
Documents Required
- Proof of identity: PAN Card, Aadhaar card, Driver’s License, Passport, Voter’s ID, Overseas Citizen of India Card, Person of Indian Origin Card, Job card issued by NREGA, Letters issued by the UIDAI or any other government-approved photo ID proof.
- Proof of Address: Aadhaar card, Driver’s License, Passport, Utility Bill not more than 3 months old, Ration Card, Property Registration Document, Person of Indian Origin Card, Job card issued by NREGA, Bank Account Statement, or any other government-approved address proof.
- Proof of Income: Latest one or two salary slips (not more than 3 months old), latest Form 16, and the last 3 months’ bank statement.
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| Reward Point Value | Joining Fee | Annual Fee | Annual Rate% |
| 1 Membership Rewards® Point for every ₹50 spent* | ₹1,000 + GST (spend based fee waiver) | ₹4,500 + GST (spend based fee waiver) | – |