Yes Bank First Preferred Credit Card

**Disclaimer: Yes Bank is not a Finserv MARKETS partner. Offers would be from partner Banks/NBFCs only.

 

If you’re someone who likes to be given first preference, then the Yes First Preferred Credit Card is the perfect choice for you. This premium credit card offers a plethora of advantages and benefits for the user such as fuel surcharge waivers of up to 1% and a 25% discount on movie tickets booked through the BookMyShow platform.

 

That’s not all though. You also get to redeem the Yes First Preferred credit card reward points that you’ve accumulated in exchange for an exciting and exclusive range of products. Want to feel prioritized and pampered? Get the Yes bank First Preferred credit card right now.

Yes First Preferred Credit Card Benefits and Features

Here’s a closer look at the key features and benefits that the Yes First Preferred credit card comes with.

1. Wide Insurance Coverage

Life insurance coverage of up to Rs. 1 crore on death due to a flight accident is one of the many Yes First Preferred credit card benefits that you get to enjoy. That’s not all. You also get a medical insurance cover of Rs. 25 lakhs in case of emergencies during your international travels.

2. Low Foreign Currency Markups

Do you travel internationally quite often? Then you’re in for a treat. The foreign currency markups on all Yes First Preferred credit cards are just 1.75%. Now, you can simply use your credit card overseas without worrying too much about racking up fees.

3. Contactless Card Technology

All Yes First Preferred cards are equipped with NFC chips that allow you to make contactless payments. You can now make your payments quickly and safely within just a few seconds.

4. EMI Conversions

Worried about large purchases burning a hole in your pocket? With the instant EMI facility of the Yes bank First Preferred card, you can simply convert big ticket purchases into EMIs.

5. Competitive Interest Rate

The interest rate on the Yes bank First Preferred card is just 3.5% per month (42% per year) for revolving credit, overdue amounts, and cash advances.

Yes First Preferred Credit Card Fees and Charges

Before you go ahead and get a Yes First Preferred credit card for yourself, you need to first bring yourself up to speed with the various fees and charges that are applicable. So, here’s a list of fees and charges that you need to be aware of.

Particulars

Fees and Charges

Annual membership fees and renewal fees

Rs. 2,499 plus taxes

Condition for waiver of annual membership fees and renewal charges

The subsequent year’s annual fee shall be waived off on spending Rs. 4,00,000 in a year.

Finance charges

3.50 % per month (42% per year)

Cash advance fee

2.5% of withdrawn amount or Rs. 300, whichever is higher

Payment return charges

Rs. 350 per payment return

Foreign currency conversion charges

1.75%

Late Payment Charges

Balance as per statement

Late payment charges

Less than or equal to Rs. 100

NIL

Rs. 101 to Rs. 500

Rs. 150

Rs. 501 to Rs. 5,000

Rs. 500

Rs. 5,001 to Rs. 20,000

Rs. 750

 

Above Rs. 20,000

Rs. 1,000

Yes First Preferred Credit Card Rewards Points

With the Yes First Preferred credit card, you get to enjoy plenty of reward points, which you can then use later in many ways than one. Here’s a quick look at the various rewards that you gain access to when you get yourself a Yes bank First Preferred credit card.

  • Welcome bonus of 10,000 reward points for the first transaction made on the card within 90 days of issuance

  • 7,500 additional Yes First Preferred credit card reward points on payment of renewal fees

  • Bonus reward points of 20,000 for spending Rs. 7.5 lakhs or more in a year

  • Accelerated Yes First Preferred credit card reward points for select purchases made on YESCART

  • 8 Yes First Preferred credit card reward points for every Rs. 200 spent on categories other than ‘Select categories’

  • 4 Yes First Preferred credit card reward points for every Rs. 200 spent on ‘Select categories’

  • Easy and quick Yes First Preferred credit card reward points redemption through the YesRewardz platform.

First Preferred Credit Card Eligibility Criteria and Documentation

Now that you know what the Yes First Preferred card offers, it’s time you took a look at the eligibility criteria that you would have to satisfy to apply for credit card.

  1. The minimum age limit is 21 years and the maximum age limit is 60 years.

  2. You must be either a self-employed individual or a salaried individual.

  3. If you’re a salaried individual, you must earn a net salary of at least Rs. 2 lakhs per month.

  4. If you’re a self-employed individual, your income as per your Income Tax Return (ITR) should be Rs. 24 lakhs or more.

You can also apply for the Yes First Preferred credit card if you have a fixed deposit of at least Rs. 3 lakhs with the bank.

The documentation involved is also very simple. Here’s what you need to provide.

  1. A photocopy of your PAN card or your Form 60

  2. A colour photograph

  3. Income proof like your latest payslip, Form 16 or a copy of your IT return

  4. Your residence and identity proof

How to Apply for the Yes First Preferred Credit Card?

Applying for Yes Bank First Preferred credit card is super easy! Please note that Yes First Preferred Card is not available on the Finserv MARKETS website. However, if you wish to get the best Yes Bank credit card online, you can apply via the bank’s official website.

FAQs About Yes Bank First Preferred Card

  • ✔️What are the benefits of Yes bank First Preferred credit card?

    The Yes First Preferred credit card benefits are aplenty. Here’s a few of them.

    • Complimentary golf program with a free golf lesson every month

    • Domestic and international airport lounge access

    • Loans on credit card

    • Instant EMIs

    • Attractive foreign currency markups 

  • ✔️How to get Yes First Preferred credit card reward points?

    It’s easy. All that you have to do to receive Yes First Preferred credit card reward points is spend. For instance, every Rs. 200 that you spend on categories other than ‘Select categories’, you receive 8 reward points. And for every Rs. 200 that you spend on ‘Select categories’, you receive 4 reward points. 

  • ✔️What is the Yes First Preferred credit card annual fee?

    The annual membership fee and the subsequent renewal fee for the Yes First Preferred credit card is just Rs. 2,999 plus taxes.

  • ✔️How to reach Yes First Preferred credit card customer care?

    You can reach the customer care of Yes First Preferred credit card by calling either 1800 103 6000 (if you’re calling from India) or +91 22 4935 0000 (if you’re calling from outside India). Alternatively, you could also send an email to yesfirstcc@yesbank.in to get in touch with Yes bank credit card customer care.