Yes First Preferred Credit Card

Yes Bank Prosperity Rewards Credit Card Review


Joining Fee: Rs 999+GST / LTF
Annual Fee: Rs 999+GST / LTF



Reward Rate

0.5% to 1%



Issued On



Domestic Airport Lounge Access, International Airport Lounge Access, Fuel Surcharge Waiver

Table of Contents

Devaluations are a part of every credit card’s journey. But, sometimes they can be very harsh especially if they are because of a crisis. Yes Bank credit cards are among the least rewarding cards in the market today. But, they still hold good for the occasional merchants and spend offers. While its entry-level Prosperity cards are mediocre at best, the premium cards are somewhat better in rewards. We have three cards in the Premium Range – First Exclusive, First Preferred, and Premia. In this post, we review the Yes First Preferred credit card.

Fees and Charges

All Yes Bank credit cards (except the Private) are issued as Lifetime Free (LTF). The product/application pages mention an annual fee but we can apply through agents to get it LTF.

LTF IndusInd Bank Credit Cards
Joining FeeRs 999 plus taxes or NIL
Joining Fee ReversalSpend Rs 50000 within 90 days
Renewal FeeRs 999 plus taxes or NIL
Renewal Fee WaiverSpend Rs 2.5 Lakhs in a membership year
Yes First Preferred Credit Card Review – Fees and Charges


Yes Bank credit cards have two different reward rates depending on the purchase category. Almost all of our major spending come under the ‘slow’ reward rate. The below table’s return assumes that rewards will be redeemed for flights. More details are in the ‘Rewards Redemption’ section.

Type of SpendReward PointsReturn
Transport, Utilities, Groceries, Supermarkets, Insurance, Education, Govt. Services, Tolls, and Convenience Stores 4 RP/Rs 2000.5%
Other Spends including Air Travel8 RP/Rs 2001%
Yes First Preferred Credit Card Review – Rewards

The return rate is too low to even consider using this card for any transactions. Only cases where this might be useful when there is some spend or merchant offer.

LTF IDFC First Bank Credit Cards

There is a milestone benefit as well. We get 20000 bonus RP on spends on Rs 7.5 Lakhs in a membership year. This is worth Rs 5000 when redeemed for flights. An extra return of 0.67% but not worth it.

Rewards Redemption

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

Flights and Hotels25 paise per RP
Gift Vouchers10 paise per RP
Air Miles (Club Vistara/InterMiles)10 RP = 1 Mile
Rewards CatalogVaries
Yes First Preferred Credit Card Review – Rewards Redemption

Complimentary Airport Lounge Access

  • Domestic Airport Lounge: 2 complimentary access/quarter.
  • International Airport Lounge: 2 complimentary access/quarter. Access is with LoungeKey for Visa and Priority Pass for Mastercard variants.
  • The list of eligible lounges is available here.

Key Benefits

  • BookMyShow: 25% discount on BookMyShow movie tickets. Maximum Rs 250/month.
  • Complimentary Golf: Waiver of 4 Green Fee and 1 complimentary Golf lesson at select courses.
  • Foreign Currency Markup: 1.75%
  • Fuel Surcharge Waiver: 1% waiver for transactions between Rs 400 and Rs 5000

Final Thoughts

We had a time when Yes Bank credit cards were very rewarding. But with all the changes, their credit cards are now among the least rewarding cards in the market. The Yes First Preferred offers rewards that are less than entry-level cash back cards. Not sure why this is tagged as a super-premium card by Yes Bank in the first place.

We have some good benefits like complimentary airport lounge access and Golf. But, the rewards are really low to use the card for any transactions.

AU Bank Xcite Ace

Yes First Preferred Credit Card


Joining / Annual Fees
Features and Benefits
Axis Bank Neo Credit Card LTF
Share the Post:

Related Posts

2 thoughts on “Yes First Preferred Credit Card”

  1. They recently removed priority pass and told me Card will itself serve as entry to Lounge. However the lounge rejected saying I will have to pay 27$. I have seen the card being used for lounge access with HDFC as well. How does that work ?

    1. Card Maven

      Not all international airport lounges are aware about this. Ask them to swipe your card and you will get access. Ensure international transactions are activated.

Leave a Reply

Your email address will not be published. Required fields are marked *

Scroll to Top