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.
- Age: 21 to 60 years
- Available for both salaried and self employed customers
- Minimum Net Salary of INR 3 Lakhs per month or Income Tax Return of INR 24 Lakhs and above
|Rs 9999+GST ~Rs 11,799
|60,000 RP ~Rs 15,000 Value
|Rs 4999+GST ~Rs 5899
|Annual Fee Waiver
|Rs 10 Lakh annual spend
|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.
|Type of Spend
|Online Spends (except select categories)
|36 RP/Rs 200
|Offline Spends (except select categories)
|18 RP/Rs 200
Suburban and Local Transport, Utilities, Groceries, Supermarkets
Insurance, Education, Govt. Services, Tolls
Conv. Stores, Markets, Specialty Stores, Rent, Wallets
|10 RP/Rs 200
|Fuel and EMI spends
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.
But, the issue of select categories continues with the Yes Bank Marquee credit card as well. It is ok to classify insurance, education and govt. spends under a slow reward rate as they are not shopping categories. But, seeing even categories like groceries, convenience stores in that is surprising.
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 gift voucher redemptions compared to what Reserv offers.
|Flights and Hotels
|Air Miles (Club Vistara/InterMiles)
|10 RP = 1 Mile
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.
- 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.
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 come in 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% of transaction value
- Wallet Load Charges: 1% of transaction value
- Foreign Currency Markup: 1%+GST ~1.18%
- Purchase Protection Plan: Get 6 months damage protection for gadgets up to Rs 50,000
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