Yes Bank has launched a new super-premium credit card after a super long wait. The new Yes Bank Marquee credit card shows signs that Yes Bank is ready to stage a comeback into consumer credit cards with top notch rewards and benefits. Yes Bank Marquee credit card comes with a first year fee of Rs 9999+GST and annual fee of Rs 4999+GST. We get 60,000 reward points as joining benefit with the annual fee waiver at Rs 10 Lakh spends. Yes Marquee is positioned above the Reserv in rewards and benefits.
Eligibility
- Age: 21 to 60 years
- Available for both salaried and self employed customers
- Minimum Net Salary of ₹ 3 Lakh per month or Income Tax Return of ₹ 24 Lakh and above
Fees
| Joining Fee | Rs 9999+GST ~Rs 11,799 |
| Welcome Benefit | 60,000 RP ~Rs 15,000 Value |
| Annual Fee | Rs 4999+GST ~Rs 5899 |
| Annual Fee Waiver | Rs 10 Lakh annual spend |
| Renewal Benefit | 20,000 RP if fee is paid ~Rs 5000 Value |
The welcome benefit of 60K points can be used for booking flights at 25 paise value per point. So, the realized 15K value is much better than what you pay as the joining fee. We can also apply for the Yes Marquee credit card with C2C (card on card) applications. The required limit on existing credit card needs to be Rs 10 Lakh and above. Yes Bank has also started setting up airport counters to process credit card applications.
Spends threshold for annual and joining fee reversal exclude Rent and Wallet transactions.
Rewards
| Type of Spend | Reward Points | Return |
|---|---|---|
| Online Spends (except select categories) | 36 RP/Rs 200 | 4.5% |
| Offline Spends (except select categories) | 18 RP/Rs 200 | 2.25% |
| Select Categories Utilities, Insurance, Education, Govt. Services, Tax Payments, Rent, Wallet | 10 RP/Rs 200 | 1.25% |
| Fuel and EMI spends | No Rewards |
Yes Marquee is pretty good in the rewards department. 4.5% for online spends and 2.25% for offline spends is good enough to make this your primary card for spends unless you have options like the Infinia or DCB. At the moment, there is no upper cap on reward points for any of the categories.
Rewards Redemption
We have many options for reward redemption. The best value is against flight redemption and gift vouchers. Yes Marquee gives you a higher value of reward points for some gift voucher redemptions compared to what Reserv offers. Swiggy GV can be redeemed for 25 paise per reward point but Amazon/Flipkart GVs will give you 10 paise per reward point.
| Redemption | Value |
|---|---|
| Flights and Hotels | 25 paise/RP |
| Gift Vouchers | 10 paise to 25 paise/RP |
| Air Miles (Club Vistara/InterMiles) | 10 RP = 1 Mile |
| Rewards Catalog | Varies |
Complimentary Airport Lounge Access
- Domestic Airport Lounge Access: 6 visits/quarter for primary and add-on card members. Check this list to see eligible airport lounges for the Yes Bank Marquee credit card. We need to spend Rs 35,000 and above in a calendar quarter to become eligible for complimentary airport lounge access in the next calendar quarter.
- International Airport Lounge Access: Unlimited access for both primary and add-on card members.
It is good to see Yes Bank re-introducing unlimited international airport lounge visits with the Marquee card. Yes Bank follows a different calendar quarter for determining airport lounge access eligibility as below. For example, if you spend Rs 35,000 in the period from 21st March – 20th June, then you will get complimentary airport lounge access in the quarter from 21st June – 20th September.
- 21st December – 20th March
- 21st March – 20th June
- 21st June – 20th September
- 21st September – 20th December
Complimentary Golf Program
- 4 Green Fee Waivers/year
- 1 Golf Lesson/month
The list of golf courses where the gold benefits are available differs based on the Visa or Mastercard variant.
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.
Yes Bank Marquee Credit Card BookMyShow BOGO Offer
Yes Bank Marquee has one of the best BookMyShow BOGO offers we have seen recently. We get Buy One and Get One free offer with the maximum discount capped at Rs 800! With movie ticket prices on the rise, many will find this offer useful. We can avail this offer 3 times per calendar month.
Other Key Benefits & Charges
- Fuel Surcharge Waiver: 1% fuel surcharge waiver for transactions between Rs 400 and Rs 5000. Maximum waiver capped at Rs 1000 per statement cycle.
- Rent Payment Charges: 1%+GST ~1.18%
- Utility Bill Payment Charges: 1%+GST ~1.18% for cumulative transaction value above Rs 15,000 per calendar month
- Wallet Load Charges: 1%+GST ~1.18%
- Foreign Currency Markup: 1%+GST ~1.18%
- Purchase Protection Plan: Get 6 months damage protection for gadgets up to Rs 50,000
Final Thoughts
The Yes Bank Marquee credit card is undoubtedly one of the most exciting offerings in the premium segment today. Even though it does not offer the reward multipliers that HDFC Bank SmartBuy does, it is still a solid option. Since the joining benefits outweigh the joining fee, Marquee is effectively free for the first year.
From the second year, the renewal benefit takes care of the annual fee if it is charged. You can save Rs 1600 a month just by using the BookMyShow offer twice a month. We also get unlimited access to international airport lounges along with a low 1% forex markup for travellers. If you don’t have any premium/super-premium credit card, get the Yes Bank Marquee credit card.
Yes Bank Marquee Credit Card
6 thoughts on “Yes Bank Marquee Credit Card”
Whats is the reward conversion rate for Amazon/Flipkart gift vouchers?
Is it 1 point = 0.25 INR ??
No, 25 paise is only for some vouchers like Swiggy. Amazon/Flipkart GVs are still at 1 RP = 10 paise.
This would be a good addition the list of credit cards for forex spends. Its lowest base reward is 1.25% with fx of 1.17%. So returns could potentially be significantly higher depending on spends.
Yes, will add it soon 🙂
They also allow points transfer to accor ? whats the conversion rate there?
Accor is not one of the transfer partners.