A wave of credit card devaluations has been ongoing in 2026, and now YES Bank has also joined the list. Recently, IndusInd Bank announced changes to its credit card features, and YES Bank has now revealed several revisions to its key charges as well.
The bank has increased forex markup charges and cash advance fees, while also revising the transaction amount eligible for the fuel surcharge waiver benefit. Several of these changes shall be applicable from 15th June 2026.
These updates may impact users who frequently use their cards for international spending, ATM cash withdrawals, or fuel transactions. Over the last few months, many banks have been reducing benefits and increasing charges, and YES Bank seems to be following this trend. Most people usually focus only on the joining or annual fee when choosing a credit card. Because of this, changes to other charges like transaction fees often go unnoticed by many cardholders.
Increase in Forex Charges
Forex charges are very important for people who use credit cards for international shopping or while traveling outside India. These charges are applied whenever a card is used in a foreign currency. Even a small increase in forex markup can make a noticeable difference in the total amount spent, as users end up paying more for the same purchase.
With YES Bank increasing its forex charges, customers who frequently make international payments will be affected the most. It will become slightly costlier to shop on foreign websites and pay for travel expenses abroad. Along with this, changes in other card benefits may also reduce overall savings for users who depend on such features.
These updated charges will come into effect from 15th June 2026.
| Credit Card Variant | Foreign Currency Conversion Charges | Increased Foreign Currency Conversion Charges |
| YES Private/Yes Private Prime | 0.50% | 0.50% |
| Marquee | 1% | 1% |
| Reserv/Reserv (NRI)/Reserv (FD)/YES First Preferred/YES First Preferred (NRI)/YES First Preferred (FD)/YES First Business | 1.75% | 2% |
| YES Prosperity Business | 2.50% | 3% |
| Elite+/Elite+ (FD) | 2.75% | 3% |
| Select/ Select (NRI)/Select (FD)/ACE/ACE (FD)/ACE (NRI)/Virtual RuPay Credit Card/Klick | 2.75% | 3.50% |
| YES Prosperity Rewards/YES Prosperity Cashback/YES Prosperity Cashback Plus/POPCLUB/ANQ Phi/ Finbooster/Paisabazaar Paisasave/Paisabazaar Paisasave RuPay Virtual | 3.40% | 3.50% |
Rise in Cash Advance Charges
Cash advance fee is basically a charge taken by the bank when a credit card is used to withdraw cash, instead of making a regular purchase. This fee is usually higher than standard transaction charges and also accrues interest immediately. Starting from 15th June 2026, a fee of 2.5% or ₹650 will be charged for all cash withdrawals and added to the next billing statement.
This increase will make cash withdrawals more expensive for users and may discourage frequent use of credit cards for ATM cash needs. The cash advance fee will not be charged on YES Private and AI Inside Credit Cards. It will also not apply to any Virtual Credit Card.
Prior to 15th June 2026, a cash advance fee of 2.5% or ₹500, whichever was higher, was charged on cash withdrawals using the credit card. However, it is generally not advisable to use a credit card for cash withdrawals due to the high fees and interest charges involved.
Revised Transaction Range for Fuel Surcharge Waiver
A fuel surcharge waiver is a common benefit offered on most credit cards, where the fuel surcharge charged during fuel payments is reversed back to the cardholder. It is a basic feature that allows users to refuel their vehicles without paying the full amount immediately, as the amount can be paid later through the credit card bill.
Most credit cards do not offer cashback or reward points on fuel transactions, so this benefit mainly works as a line of credit, along with surcharge reversal benefits.
The fuel surcharge waiver is also dependent on the transaction amount, and YES Bank has now revised these limits across several of its credit cards starting June 2026.
The following transaction ranges will be applicable from 15th June 2026.
| Credit Card Category | Fuel Surcharge Waiver Transaction Range |
| YES Private, YES Private (NRI), Marquee, YES First Business, YES First Business (FD), YES Prosperity Business, YES Prosperity Business (FD), YES First Preferred, YES First Preferred (FD), YES First Preferred (NRI) | ₹500 to ₹5,000 |
| Elite+, Elite+ (FD), Reserv, Reserv (FD), Reserv (NRI) | ₹500 to ₹4,000 |
| ACE, ACE (FD), YES Prosperity Rewards, YES Prosperity Cashback, YES Prosperity Cashback Plus, Wellness, Wellness Plus, Select, Select (FD), Select (NRI)/Virtual RuPay card/Klick/Finbooster/EMI card/BYOC/ANQ Phi/Paisabazaar Paisasave/Paisasave Virtual RuPay | ₹500 to ₹3,000 |
| Uni/Uni RuPay Credit Card | Up to ₹7,500 |
| Zagg, AI Inside, AI Inside Virtual RuPay, FREO, NIYO | ₹400 to ₹5,000 |
Effective 1st June 2026, a 1% fuel surcharge waiver will be applicable on transactions between ₹1,000 and ₹3,500, with a maximum waiver of ₹100 per statement cycle for the POP-Club Credit Card.
Reintroduced Overlimit Transactions
Starting 1st June 2026, YES Bank will once again offer the Overlimit Facility on its credit cards. This feature allows cardholders to continue making transactions even after crossing their assigned credit limit, up to a certain limit approved by the bank. It can be useful during emergencies or high-value purchases when extra spending flexibility is needed.
The overlimit amount available will depend on factors such as the customer’s credit profile, repayment history, and the bank’s internal policies. A charge of ₹550 plus GST will be applicable whenever a transaction exceeds the assigned credit limit.
Higher Credit Card Reissuance Charges
Effective 15th June 2026, YES Bank will charge a ₹199 fee for reissuing plastic credit cards that are lost, stolen, or damaged. The fee will be applicable for each reissued card. However, there is no change in reissuance charges for BYOC Eco-friendly Cards and Metal Credit Cards. HDFC Bank also recently increased such charges.
Bottom Line
The recent changes by YES Bank show a clear trend in which credit card benefits are slowly being reduced while charges are being increased. At first glance, these updates may not seem very large, but they can have a noticeable impact on users who regularly use their cards for international payments, cash withdrawals, or fuel purchases. Even small increases in fees, such as forex markups or cash advance charges, can add up over time and make everyday usage more expensive.
Many users pay attention only to joining or annual fees when choosing a credit card. Because of this, other charges and policy changes often receive little attention and may go unnoticed. As a result, customers may end up paying more without fully realizing the impact of these revisions.
With such updates becoming more common across banks, credit card usage is slowly becoming costlier for frequent users. It highlights the need for users to stay aware of all types of charges, not just the basic fees, so they can better understand the real cost of using their cards in daily life.