YES First Business Credit Card
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The YES First Business Credit Card is your one-stop solution for empowering your small or medium-sized business. Earn reward points on every purchase, with bonus points for travel and dining. Plus, enjoy a welcome bonus of 20,000 reward points, complimentary airport lounge access, fuel surcharge waivers, and even free golf lessons and green fee waivers.
Features & Benefits
Fees & Charges
| Fees/Charges | Amount | Description |
|---|---|---|
| First Year Membership Fee | ₹ 999+ applicable taxes | Waived off on total retail spends of INR 20,000/- done within 30 days of card set up date |
| Renewal Membership Fee* | ₹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 | 3.80% 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% or Rs.300 (whichever is higher)
- Over Limit Penalty: 2.5% or Rs.500 (whichever is higher)
- Minimum Repayment Amount: 5% or Rs.200 (whichever is higher)
Late Payment Fees
- Upto ₹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
The YES Bank First Business Card elevates your business travel with exclusive perks. Enjoy 6 complimentary international and 2 domestic airport lounge visits every quarter. Hone your skills with a free monthly golf lesson and waived green fees at select Indian courses. Travel confidently with comprehensive insurance and fuel surcharge waivers. Discover a world of additional rewards and elevate your business experience. Apply today!
Highlights
| Key Highlights | Description |
|---|---|
| Best Suited for | Travel, Shopping , Rewards |
| Annual fee | ₹999 + GST |
| Additional Benefits | Milestone benefits: Spend Rs.3,00,000 and get a Renewal Anniversary Fee waiver.
BookMyShow Offer: 25% off up to Rs 250 once per calendar month Foreign Currency Markup: 1.75%+GST ~2.1% Insurance Coverage Benefits: Air Accidental Cover: Rs. 1 crore in case of death due to a flight accident. Overseas Medical Insurance: Rs. 25 lakh coverage for emergency hospitalisation while travelling internationally. Credit Shield Cover: Up to Rs. 5 lakh in case of accidental death of the primary cardholder. Dining Offer: You can get up to 15% discounts when you dine at the select partner restaurants and pay using your YES First Business credit card. Check YES Bank’s Dining Fiesta program for partner restaurants and offers. Spend safely with Select 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. ol: 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: 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 FIRST Business Credit Card elevates your professional life with a blend of convenience, rewards, and travel advantages designed for the ambitious and successful. Experience hand-picked perks and unparalleled privileges that extend beyond typical credit card benefits. This card is your passport to:
- Effortless Travel: Enjoy the comfort and exclusivity of complimentary lounge access, both domestic and international. Perfect your golf skills with our complimentary program, offering green fee waivers and lessons.
- Peace of Mind: Travel worry-free with comprehensive insurance coverage, including air accident protection, overseas medical insurance, and credit shield cover.
- Fuel Savings: Benefit from fuel surcharge waivers, saving you money on business travel expenses.
- Elevated Rewards: Accumulate valuable rewards points with every qualified purchase, unlocking a world of possibilities for your business and personal needs.
Welcome Bonus:
- Annual Reward Points: Earn an initial boost of reward points (value depends on the specific card) upon reaching a spending threshold within the first 30 days.
- Fee Waiver: Get the annual fee waived by spending INR 20,000 within 30 days of getting the card.
Lounge Access:
- Priority Pass / Lounge Key Membership: Receive a complimentary membership (worth US $99) offering access to exclusive airport lounges.
- Complimentary International Lounge Visits: Enjoy 6 free international airport lounge visits per year (2 visits in 12 months), valued at US $27 per visit.
- Complimentary Domestic Lounge Visits: Get 8 complimentary domestic airport lounge visits per year (1 visit per quarter), valued at INR 1,000 per visit.
Reward Points:
- Accelerated Rewards: Earn 16 Reward Points (RPs) for every INR 200 spent on selected categories like air travel, hotels, dining, rented vehicles, and other travel expenses. This earning rate is capped at 3,000 RPs per statement cycle.
- Regular Rewards: Earn 9,000 RPs annually on retail and other spending based on earning rates dependent on the card.
Fuel Surcharge Waiver:
- Fuel Savings: Get a 1% waiver on fuel surcharge for transactions at fuel stations, saving you money on fuel costs.
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 First Business Credit Cards 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 Yes First Business Credit Card, you’ll need to meet simple eligibility criteria and keep certain documents handy. We’ve highlighted the same below:
Eligibility Criteria-
- Between 21-70 years of age
- Self-employed individuals, proprietors, and partners of partnership firms
- Minimum Income Tax Return of INR 10 lakh
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.
