Yes Bank has updated the terms of its credit card’s complimentary lounge access. To access airport lounges with your card, you will now need to meet the minimum spend requirement of Rs. 10,000 or more every quarter. This puts Yes Bank on the list of banks that are either reducing or restricting airport lounge access. HDFC Bank also made a similar change last month.
For free access to airport lounges in the next quarter with Yes Bank Credit Card, you would need to spend Rs. 10,000 or more in a calendar quarter. This shall be implemented starting 1st April 2024. The number of complimentary lounge accesses remains unchanged.
Calendar Quarter* – 21st December – 20th March | 21st March – 20th June | 21st June – 20th September | 21st September – 20th December
Take a look at the following example to better understand.
|Eligibility for Airport Lounge Access
|Spends of Rs. 10,000 or More Between 21st Dec – 20th Mar
|Spends Less than Rs. 10,000 Between 21st Mar – 20th Jun
|Spends of Rs. 10,000 Between 21st Jun – 20th Sept
Also Read – Yes Bank Marquee Credit Card
It seems slow and steady; most credit card issuers will require minimum spends for free airport lounge access. ICICI Bank started this trend, followed by other banks like IDFC, HDFC, and, finally, Yes Bank. You would now need to spends Rs. 10,000 or more in a quarter to be eligible for airport lounge access in the next quarter. There has been no change in the number of airport lounge visits. This change will surely impact many of the new customers who have just opted for the upgraded and new Yes Bank Credit Cards.
What are your thoughts on these restrictions imposed by Yes Bank for its credit cards?