YES Bank FIRST Preferred Credit Card
YES Bank YES Bank

YES Bank FIRST Preferred Credit Card

cat name Travel
cat name Reward Points

Best Suited For: Rewards & Travel

Joining Fee: Rs. 999 + Taxes

Renewal Fee: Rs. 999 + Taxes

cat name Travel
cat name Reward Points

Best Suited For: Rewards & Travel

Joining Fee: ₹4,999 Plus Applicable Taxes

Renewal Fee: ₹4,999 Plus Applicable Taxes

Best Feature:- Earn upto 50,000 Bonus Reward Points Anually, Club Vistara and Trident Privilege Membership.

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The YES Bank FIRST Preferred Credit Card is a premium card designed for people who want to earn rewards on their spending. This credit card offers many attractive rewards like up to 10,000 bonus reward points on the first transaction within 90 days, domestic and international lounge access, and an annual fee waiver on reaching a spending milestone. The cardholders also earn 4 reward points for every Rs. 200 spent on tax payments, utilities, and groceries, and on the other hand, cardholders also earn 8 reward points for every Rs. 200 retail purchase. Its instant EMI option provides more flexibility to the cardholders to manage their finances. This card is a great choice for frequent shoppers and travelers who want to maximize rewards.

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All You Need To Know

Card Type

Rewards & Travel

Welcome Rewards
  • You get 10,000 reward points on making the first transaction within 90 days of card issuance. It also offers 7,500 reward points on card renewal.
Rewards Program
  • Earn 8 Reward Points for every Rs. 200 spent on all categories except select categories.
  • It offers 4 Reward Points for every Rs. 200 spent on tax payments, utilities, groceries, and more.
  • Earn 5X Reward Points on the first three transactions of the biller registered on YES PayNow (T&C apply).
Milestone Rewards
  • The cardholders get a bonus of 20,000 reward points if they spend Rs. 7.5 lakh in a year.
Redemption Options
  • You can purchase from YES Bank’s exclusive rewards catalog.
  • The cardholders can also convert reward points into InterMiles or Club Vistara Points (10 Reward Points = 1 InterMile/CV Point).
  • Reward points can also be used for booking flights, hotels, or movie tickets via YES Rewardz.
  • Note: NRI cardholders can redeem points only for flights, hotels, and movie tickets.

    • Also remember that categories such as Education, Wallet Load, Government, Rent and Property Management/Purchase transactions, Utilities, Insurance, EMI, Cash Withdrawal, Fuel, Fee, and Charges are excluded from the 10X Reward Points threshold.

Travel Benefits
  • Domestic Lounge Access: It offers 2 complimentary domestic airport lounge visits every quarter.
  • International Lounge Access: Get 4 complimentary international lounge visits per year with Priority Pass Membership. (Additional visits are chargeable at $27 + GST per person).
Movie Benefits
  • This credit card offers a 25% discount on movie tickets booked through the BookMyShow website or mobile app.
Golf Privileges
  • With this card, you can enjoy 4 complimentary green fee rounds per year at selected golf courses in India.
  • You can also avail 1 complimentary golf lesson every month at select golf courses.
Insurance Benefits
  • You also get a Flight Accident Cover of up to Rs. 1 crore.
  • The card also offers emergency hospitalization coverage of up to Rs. 25 lakh for overseas medical emergencies.
  • Credit Shield Cover also provides coverage in case of accidental death of the primary cardholder.
Fuel Surcharge Waiver
  • You also get a 1% fuel surcharge waiver on transactions ranging from Rs. 400 to Rs. 5,000 at all fuel stations in India.
Foreign Markup Fee
  • The card comes with a low foreign currency markup fee of 1.75% on international transactions.
Renewal Fee Waiver
  • You can also get your annual fee of Rs. 999 waived if you spend Rs. 2.5 lakh in the previous year.

YES Bank FIRST Preferred Credit Card Eligibility:

Eligibility Criteria of YES Bank FIRST Preferred Credit Card

  • Age: 21 to 60 years
  • Minimum Income for Salaried Applicants: Rs. 2,00,000 per month
  • Minimum Income for Self-employed Applicants: ITR of at least Rs. 24,00,000 per annum
  • Applicant must be a resident of India

Documents Required

  • Proof of Identity: PAN Card, Aadhaar Card, Passport, Voter’s ID, Driver’s License
  • Proof of Address: Aadhaar Card, Passport, Utility Bill (not older than 3 months), Ration Card, Property Registration Document
  • Proof of Income: Latest Salary Slips (not older than 3 months), Form 16, Bank Statements of the Last 3 months, Latest ITR for self-employed individuals

Note: YES Bank may request additional documents as per their internal policies.

Fees and charges that apply to YES Bank FIRST Preferred Credit Card:

Fee / Charge Amount/Rate
Annual Fee Rs. 999 + Taxes (waived on spending Rs. 2.5 lakh in a year)
Renewal Fee Rs. 999 + Taxes (waived on spending Rs. 4 lakh in a year)
Interest Rate 3.5% per month (42% per annum) on revolving credit, cash advances, and overdue amounts
Late Payment Charges - Nil for total due up to Rs. 100, - Rs. 150 for total due between Rs. 101 – Rs. 500, - Rs. 500 for total due between Rs. 501 – Rs. 5,000, - Rs. 750 for total due between Rs. 5,001 – Rs. 20,000, - Rs. 1,000 for total due above Rs. 20,000
Interest-Free Period Up to 50 days
Cash Limit 30% of the total credit limit
Cash Advance Fee 2.5% of the withdrawn amount (minimum Rs. 300)
Overlimit Fee 2.5% of the over-limit amount (minimum Rs. 500)
Foreign Exchange Mark-up 1.75% of the transaction amount
Add-on Card Fee Nil (up to 3 cards can be issued)
Payment Return Charges Rs. 350 per instance (for autopay or cheque returns)

*A late payment charge of Rs. 100 will be imposed if the Minimum Amount Due (MAD) is not paid by the due date for two consecutive cycles. This charge will persist in each subsequent payment cycle until the MAD is settled.

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FAQs

The YES FIRST Preferred Credit Card is a premium card that is specifically designed for individuals who want to earn high reward points on their spending. It offers up to 10,000 bonus reward points on making first transaction within 90 days, milestone bonuses, domestic and international lounge access, and an annual fee waiver upon reaching a spending milestone.

YES FIRST Preferred Credit Card offers a welcome bonus of 10,000 reward points upon completing your first transaction within 90 days of issuance. Additionally cardholders also get 7,500 reward points on card renewal.

The YES FIRST Preferred Credit Card provides a milestone bonus of 20,000 reward points on spending ₹7.5 lakh or more in a year.

You can redeem your YES FIRST Preferred Credit Card reward points for products from YES Bank’s exclusive rewards catalog, you can also convert them into AirMiles (InterMiles or Club Vistara Points at a rate of 10 reward points = 1 mile/point), or use for booking flights, hotels, and movie tickets through YES Rewardz.

The YES FIRST Preferred Credit Card provides 2 complimentary domestic airport lounge visits per quarter and 4 complimentary international lounge visits per year via Priority Pass. Additional international lounge visits are chargeable at $27 + GST per visit.

Yes, the YES FIRST Preferred Credit Card offers 4 complimentary rounds of green fees annually at select golf courses in India, along with 1 free golf lesson per month.

The YES FIRST Preferred Credit Card offers a flight accident cover of up to ₹1 crore, emergency hospitalization coverage of up to ₹25 lakh for overseas medical emergencies, and a credit shield cover in case of the primary cardholder’s accidental death.

To apply for the YES FIRST Preferred Credit Card, salaried applicants must earn at least ₹2 lakh per month, while self-employed individuals must have an annual ITR of at least ₹24 lakh. Applicants must be Indian residents between 21 and 60 years of age.

The YES FIRST Preferred Credit Card has an annual fee of ₹999 + taxes, which is waived upon spending ₹2.5 lakh in a year. It has a foreign exchange markup fee of 1.75%, a 3.5% per month interest rate on revolving credit, and a cash advance fee of 2.5% (minimum ₹300).

Please click the links below to find details and instructions related to SBI Credit Cards that can help you in easily managing your card:

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