Yes Bank Ace credit card is the new re-branded offering that was previously known as Yes Prosperity Rewards Plus. Yes Bank Ace credit card comes with a joining and annual fee of Rs 399+GST. The joining fee is waived on spends of Rs 5000 in the first 30 days and the annual fee is waived on Rs 50,000 spend in a membership year. We get 8 reward points for every Rs 200 spent on online shopping and 4 reward points for every Rs 200 spent on offline shopping.
Eligibility
- Age: 21 to 60 years
- Available for both salaried and self employed customers
- Minimum Net Salary of Rs 25,000 per month or Income Tax Return of Rs 7.5 Lakh and above
Fees
| Joining Fee | Rs 399+GST ~Rs 471 |
| Welcome Benefit | Rs 500 Amazon GV on Rs 1000 spend in first 30 days |
| Joining Fee Waiver | On Rs 5000 spends in first 30 days |
| Annual Fee | Rs 399+GST ~Rs 471 |
| Renewal Fee Waiver | On Rs 50,000 spend in membership year |
Kiwi RuPay Card
Lifetime FreeRewards
| Type of Spend | Reward Points | Return |
|---|---|---|
| Online Spends (except select categories) | 8 RP/Rs 200 ~ Max 5K RP in a statement cycle | 1% |
| Offline Spends (except select categories) | 4 RP/Rs 200 | 0.5% |
| Select Categories Utilities, Insurance, Education, Government Services | 2 RP/Rs 200 | 0.25% |
| Fuel and EMI spends | No Rewards |
The rewards on the Yes Bank Ace credit card are not great. In an era where LTF cashback credit cards offer a minimum of 1% cashback, this is too less. You can also subscribe to the Rewards Subscription plan to get 3X/5X rewards.
BoB Eterna
Lifetime FreeYes Bank Ace Credit Card: 3X/5X Rewards Subscription Plan
Yes Bank has launched a rewards subscription plan to get 3X/5X reward points on your spends with the Yes Bank Ace credit card. For both the plans, additional reward points per statement cycle are capped at 75,000.
Subscription Plan 1: 3X Reward Points on all spends
The subscription fee for this plan is Rs 1000+GST for 1 year. Once activated, we earn 3X reward points on all our spends. The new reward rates will be as below:
| Online Shopping | Offline Shopping | Select Categories |
|---|---|---|
| 16 RP/Rs 200 ~2% | 12 RP/Rs 200 ~1.5% | 6 RP/Rs 200 ~0.75% |
Subscription Plan 2: 5X Reward Points on select spends
The subscription fee for this plan is Rs 2000+GST for 1 year. Once activated, we earn 5X reward points on spends in Dining, Travel, Fashion and Healthcare categories. With this, the new reward rate for these spends would be 3% for online and 2.5% for offline spends in these categories. If any spends fall under the select categories MCC, then we will get 1.25%.
Rewards Redemption
We have many options for reward redemption. The best value is against flight redemption and gift vouchers.
| Redemption | Value |
|---|---|
| Flights and Hotels | 25 paise/RP |
| Gift Vouchers | 10 paise/RP |
| Air Miles (Club Vistara/InterMiles) | 10 RP = 1 Mile |
| Rewards Catalog | Varies |
Complimentary Airport Lounge Access
- Domestic Airport Lounge Access: Not Available
- International Airport Lounge Access: Not Available
Dining Fiesta Program
Yes Bank has its own dining program where it offers a minimum 15% discount for dining at 1000+ eligible restaurants. We have all the Tier 1 cities and few Tier 2 cities too. Check out the Dining Fiesta micro-site to see all available restaurants. This is a pretty good benefit on this card and can be useful in the absence of other dining offers.
Other Key Benefits & Charges
- Fuel Surcharge Waiver: 1% fuel surcharge waiver for transactions between Rs 400 and Rs 5000. The maximum fee waiver is capped at Rs 100 per statement cycle.
- Foreign Currency Markup: 2.75%+GST ~3.2%
- Rent Payment Charges: 1% of transaction value or Rs 199 whichever is higher
- Wallet Load Charges: 1% of transaction value
- Utility Payment Charges: 1% applicable on all spends if spends exceed Rs 15,000 in a month
Final Thoughts
Yes Bank Ace credit card is not a great option if you are looking for an entry-level credit card for everyday spends. We are better off using other cards like Amazon Pay ICICI Bank credit card or Axis Bank Ace credit card to get a better return on our spends.
Yes Bank Ace Credit Card
“1% fuel surcharge waiver for transactions between Rs 400 and Rs 5000” that means if I spend more than 5k, then have to pay 1% ?
Ex : let’s say I’ve spend 7k on fuel, for 5k 1% get waived off but for remaining 2k have to pay that 1% i.e., 40rs? Did I understood correctly please reply
Thanks
No, the fuel surcharge waiver will not be applicable in this case.
So I’ve to pay fuel surcharge amount??
Please reply sir.
Thanks
Yes
Thank you so much