Yes Bank Ace Credit Card Review

Yes Bank Ace Credit Card Review

Fee

Joining Fee: Rs 399+GST
Annual Fee: Rs 399+GST

Type

Rewards

Return

0.25% to 1%

Rating

2/5

Network

Mastercard

Benefits

Fuel Surcharge Waiver

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

LTF IndusInd Legend 04Aug2024
  • 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 FeeRs 399+GST ~Rs 471
Welcome BenefitRs 500 Amazon GV on Rs 1000 spend in first 30 days
Joining Fee WaiverOn Rs 5000 spends in first 30 days
Annual FeeRs 399+GST ~Rs 471
Renewal Fee WaiverOn Rs 50,000 spend in membership year
Yes Bank Ace Credit Card Review: Fees

Rewards

Type of SpendReward PointsReturn
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 2000.5%
Select Categories
Utilities, Insurance, Education, Government Services
2 RP/Rs 2000.25%
Fuel and EMI spendsNo Rewards
Yes Bank Ace Credit Card Review: 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.

Yes Bank Ace Credit Card: 3X/5X Rewards Subscription Plan

Yes Bank Reserv Credit Card 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 ShoppingOffline ShoppingSelect Categories
16 RP/Rs 200 ~2%12 RP/Rs 200 ~1.5%6 RP/Rs 200 ~0.75%
Yes Bank Ace Credit Card: 3X Plan

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%.

LTF IDFC First Bank Credit Cards
Yes Rewards Subscription Plan 5X Rewards

Rewards Redemption

We have many options for reward redemption. The best value is against flight redemption and gift vouchers.

Airtel Axis Bank Credit Card
RedemptionValue
Flights and Hotels25 paise/RP
Gift Vouchers10 paise/RP
Air Miles (Club Vistara/InterMiles)10 RP = 1 Mile
Rewards CatalogVaries
Yes Bank Ace Credit Card Review: Rewards Redemption

Complimentary Airport Lounge Access

  • Domestic Airport Lounge Access: Not Available
  • International Airport Lounge Access: Not Available

Dining Fiesta Program

Yes Bank Marquee Credit Card 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.

AU Bank Xcite Ace

Yes Bank Ace Credit Card

CardMaven

Fees
Rewards
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5 thoughts on “Yes Bank Ace Credit Card Review”

  1. “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

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