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Federal BankThe RESERV Credit Card, earlier known as the First Exclusive credit card, is a high-end offering by Yes Bank. It can be considered a direct competitor to HDFC Bank Regalia Gold Credit Card. The card comes with complimentary access to both international and domestic airport lounges. Apart from that, what makes this card such a lucrative offering in the premium segment is one of the lowest foreign currency markups by industry standards (1.75%). But that’s not it; since it is a premium card, you also get many other benefits like complimentary rounds of golf and movie ticket bookings at a discounted rate. Read the article for further information about this card.
Yes Bank First Exclusive/RESERV Credit Card
Fees
Joining Fee
Renewal Fee
Best Suited For
Travel | Shopping |
Reward Type
Reward Points
Welcome Benefits
Movie & Dining
25% Discount on Movie Tickets Booked on BookMyShow and Dining Offers at Select Restaurants
Rewards Rate
24 Reward Points for every Rs. 200 spent online. 12 Reward Points for every Rs. 200 spent on offline shopping and 6 RPs on select categories
Reward Redemption
Reward Points can be redeemed on the YesRewardz portal for hotel/flight/movie tickets booking and against purchases from the exclusive catalogue of products. Reward Points can also be redeemed against AirMIles (10 Reward Points = 1 InterMile / 1 Club Vistara Point).
Travel
N/A
Golf
4 Complimentary Rounds of Golf With Green Fee Waived and 1 Complimentary Golf Lesson Per Year
Domestic Lounge Access
12 Domestic Lounge Visits Every Year (3 Per Quarter)
International Lounge Access
6 complimentary airport lounge access outside India with membership to the Priority Pass Program.
Insurance Benefits
Insurance coverage worth Rs. 3 crore in case the cardholder's life is lost due to an air accident, medial insurance worth Rs. 50 lakh in case of emergency overseas hospitalization and a Credit Shield cover (up to Rs. 10 lakh) against outstanding card dues in the unfortunate event of death of the primary cardholder.
Zero Liability Protection
In the event of loss of the card, you won't be liable for any unauthorised transaction after the time of reporting the loss to Yes Bank’s customer care.
Spend Based Waiver
The Joining Fee is Waived on Spending Rs. 40,000 Within 30 Days of Card Issuance. and the Renewal Fee is Waived on Annual Spends of Rs. 3 Lakh or More.
Rewards Redemption Fee
Rs. 100 + GST
Rewards Redemption Fee
Rs. 100 + GST
Foreign Currency Markup
1.75% (plus applicable taxes)
Interest Rates
2.99% per month (35.88% annually)
Fuel Surcharge
1% fuel surcharge is waived on all fuel purchases at all fuel stations across India for transactions between Rs. 400 and Rs. 5000 (waiver capped at Rs. 1000 per month).
Cash Advance Charges
2.5% Or Rs. 500 (Whichever is Higher)
Add-on Card Fee
Nil
- 24 Reward Points on every Rs. 200spent for online shopping.
- 12 Reward Points for every Rs. 200 spent offline.
- 6 Reward Points on every spend of Rs. 200 on select categories like insurance, education, and government payments.
- Movie tickets at discounted rates on BookMyShow.
- 3 free domestic airport lounge visits per quarter.
Yes Bank First Exclusive/RESERV Credit Card Features and Benefits
The First Exclusive/RESERV Credit Card by YES Bank is a well-known credit card in the Indian market. It comes with a number of exciting benefits across various categories. Here are some of the most attractive features and benefits of this credit card:
Travel Benefits
Travel benefits with this credit card include:
- Travel offers on the Yes Privileges portal.
- 12 domestic lounge access (3 per quarter) at select airports across India. This is also available for add-on credit card holders.
- 6 free lounge access outside India only for primary cardholders.
- Reward Points are transferable to partner airlines’ AirMiles.
Effective 1st April 2024, access to domestic airport lounges will be based on spending criteria.
| Lounge Access Quarter | Spend Threshold |
| April – June | ₹10,000 |
| July – September | ₹35,000 |
Dining and Movie Benefits
You get dining offers on the Yes Privileges portal, and for movies, Yes Bank offers you a 25% discount on all movie tickets booked on the BookMyShow website or app (with a maximum discount capped at Rs. 250/month).
Insurance Benefits
A credit shield cover worth Rs. 15 lakh against the card’s balance amount in case of accidental death of the primary cardholder.
Lower Foreign Currency Markup
At 1.75%, the foreign currency markup for this credit is one of the lowest in the market.
Renewal Benefit
Get 8,000 Reward Points on payment of renewal charges which are applicable from the second year.
Fuel Surcharge
The convenience fee on purchases (between Rs. 400 and Rs. 5,000) is waived at all refill stations across India (the maximum benefit under this waiver is capped at Rs. 1,000 per month).
YES First Exclusive/RESERV Credit Card Rewards
As it is a Reward Points-based credit card, you get Reward Points on transactions made with the card. You get:
- 24 Reward Points for every Rs. 200 spent on online shopping.
- 12 Reward Points for every Rs. 200 spent on offline shopping.
- Select category transactions shall earn 6 Reward Points per Rs. 200 spent. These include insurance, education, and government payments.
- A maximum of 36,000 Reward Points can be earned in a statement cycle.
- Yes Bank Reward Points are valid for a period of 3 years from the accumulation date.
- Reward Points will not be awarded for fuel transactions, cash withdrawals, rental/wallet payments, and transactions converted into EMI
Rewards Redemption
Yes Bank Reward Points can be redeemed for:
- Purchasing various products, e-vouchers, travel bookings and movie tickets on the Yes Rewardz portal.
- AirMiles at select partner airlines (10 Reward Points = 1 InterMile/1 CV Point).
Yes Bank First Exclusive/RESERV Credit Card Eligibility
The eligibility criteria that need to be fulfilled by the applicants in order to get approved for the YES Bank First Exclusive Credit Card are as follows:
- Must be a resident of India,
- Must be between the age of 21 and 60 years,
- Should have a minimum monthly income of Rs. 2 lakh or annual income of Rs. 18 lakh or above.
How to Apply for Yes Bank RESERV Credit Card?
YES Bank provides you with online as well as offline methods to apply for the RESERV Credit Card. To apply online, you can simply click on the Apply Now button appearing on your screen. Fill in a few details, and you will have submitted your application for the Yes Bank First Exclusive/Reserv Credit Card. If you don’t prefer online methods, you always have the option to visit your nearest Yes Bank branch with the above-mentioned documents. You will need identity proof, address proof, and a passport-size photo of yours along with proof of income such as salary slip(s) in case of salaried employees and ITR documents for self-employed applicants.
Yes Bank First Exclusive/RESERV Credit Card Review
Considering all the benefits and rewards, we can safely conclude that Yes Bank’s RESERV Credit Card is one of the best offerings in the sub-premium segment, mainly because of its low foreign currency markup. Also, if you’re a frequent international flyer, this card is worth considering, as you get six international lounge access at airport lounges outside India. We think this card can be a good pick for high-net-worth individuals. Do let us know your opinion of this card in the comments section.
7 Comments
The fees has been changed to 1999+GST. Please update
Updated
First Year Membership Fee of INR 1,999+ applicable taxes, waived off on total retail spends of INR 40,000/- done within 30 days of card set up date
The very same has been corrected.
I applied from yes bank website directly the other day and received FYF
These offers vary from customer to customer.
10 yes rewardz = 1 mile? is it a joke? how can this card be termed as a competitor to Inifinia?