Yes Bank Reserv credit card (previously known as the Yes First Exclusive) is a premium credit card that comes with a joining and annual fee of Rs 1999+GST. The Yes Bank Reserv credit card offers a reward rate of up to 3% on spends. We also get benefits like complimentary domestic and international airport lounge access and a low forex markup of 1.75%.
|Joining Fee Reversal
|Spend Rs 40,000 within 30 days
|Annual Fee Waiver
|Rs 3 Lakh annual spend
|8000 points if fee is charged ~Rs 2000
|Type of Spend
|Online Shopping (except select categories)
|24 RP/Rs 200
|Offline Shopping (except select categories)
|12 RP/Rs 200
Suburban and Local Transport, Utilities, Groceries, Supermarkets
Insurance, Education, Govt. Services, Tolls
Conv. Stores, Markets, Specialty Stores, Rent, Wallets
|6 RP/Rs 200
The Yes Reserv has a pretty good reward rate on shopping spends. Online and offline shopping gets you 3% and 1.5% return respectively. For the 3% reward rate spends, we can earn a maximum of 36,000 reward points per statement cycle. This caps the spends at Rs 3 Lakh per statement cycle which is pretty good.
But, the problematic part is what Yes Bank categorizes as select categories. 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. Yes Bank needs to revise this list as that does not make the Reserv a great credit card at all. But, there is an option to get a better reward rate with a subscription plan.
Yes Bank Reserv 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 Reserv 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 3500+GST for 1 year. Once activated, we earn 3X reward points on all our spends. The new reward rates will be as below:
|72 RP/Rs 200 ~9%
|36 RP/Rs 200 ~4.5%
|18 RP/Rs 200 ~2.25%
Subscription Plan 2: 5X Reward Points on select spends
The subscription fee for this plan is Rs 5000+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 15% for online and 7.5% for offline spends in these categories. If any spends fall under the select categories MCC, then we will get 3.75%.
We have many options for reward redemption. The best value is against flight redemption.
|Flights and Hotels
|25 paise per RP
|10 paise per RP
|Air Miles (Club Vistara/InterMiles)
|10 RP = 1 Mile
Complimentary Airport Lounge Access
- Domestic Airport Lounge Access: 3 visits/quarter. Check this list to see eligible airport lounges for the Yes Bank Reserv credit card.
- International Airport Lounge Access: 6 visits/year. You can directly swipe your card for this. Yes Bank does not issue a Priority Pass anymore.
The access is valid only for primary cardmembers.
Complimentary Golf Program
- 4 Green Fee Waivers/year
- 1 Golf Lesson/year
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.
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 250 per statement cycle.
- BookMyShow Offer: 25% off up to Rs 250 once per calendar month
- Rent Payment Charges: 1% of transaction value
- Wallet Load Charges: 1% of transaction value
- Foreign Currency Markup: 1.75%+GST ~2.1%
Yes Bank Reserv is the new re-branded offering that now replaces the Yes First Exclusive credit card. The card does offer some pretty good benefits and rewards for its annual fee. But what can improve the card are the removal of some excluded categories from the select categories list. There are some spends like groceries, convenience stores and supermarkets that are used by everyone. Putting these in the lowest reward rate slab does not help.
But, getting the Yes Bank Reserv credit card with the new 3X/5X rewards subscription plan makes it a much better option if you don’t have any other super-premium credit card.
Yes Bank Reserv Credit Card