Yes Bank Credit Cards Insurance Payment Offer: Earn 5X Reward Points on Spends

If you are a Yes Bank credit cardholder and use your card for insurance premium payments, we have some good news for you. Yes Bank has come up with a Reward Points offer on insurance payments for select cardholders. Under this Yes bank credit cards insurance payment offer, the credit cardholders will earn accelerated Reward Points on their eligible credit cards on insurance premium payments. The offer is valid from 1st January 2023 to 31st March 2023. Read on for more details.

Also Read: Make Five Transactions and Earn 2x Rewards With Your YES Bank Credit Cards

Yes Bank Credit Cards Insurance Payment Offer

Yes Bank Credit Cards Insurance Payment Offer: Earn 5X Reward Points on Spends

Under this insurance offer, Yes Bank credit cardholders will earn 5X Reward Points on insurance premium payments with their eligible Yes Bank credit cards. A minimum transaction of Rs. 5,000 is required to avail of the offer benefit and a maximum of 5,000 Reward Points can be earned during the offer validity period – 1st January 2023 to 31st March 2023.

How to avail of the offer

To avail yourself of this YES bank credit card insurance offer, you just need to make an insurance premium payment of a minimum value of Rs. 5,000 during the offer validity period- from January 1, 2023, to March 31, 2023.

The regular 1X Reward Points earned shall be posted on your credit card account as usual- at the end of the payment cycle. The bonus 4X Reward Points earned in a given month shall be posted within 45 days of the offer ending date, i.e. the bonus Reward Points earned against insurance payments made during the offer period shall be posted on or before May 15, 2023.

Offer Terms & Conditions

• The offer is applicable only for select Yes Bank credit cardholders who received a formal intimation from the bank (via email or SMS) regarding the same.
• The offer is applicable only on insurance premium payments made during the offer validity period- from 1st January 2023 to 31st March 2023.
• The bonus Reward Points (the additional 4X Reward Points) earned under the offer in a given month shall be posted on the credit card account within 45 days of the offer ending date.
• Insurance payments made by the supplementary cardholders will also be considered under the primary card accounts.
• Participation in the offer is completely voluntary on part of the cardholder.
• The offer is not applicable on Yes Bank Corporate/Purchase Credit Cards.
• For detailed offer terms & conditions, you may refer to the official offer terms & conditions page on the bank’s website.

Bottom Line

Insurance spends with credit cards usually either do not earn any Reward Points or there is a max capping on the Reward Points that can be earned on insurance premium payments. For this reason, most cardholders hesitate to use their credit cards for making insurance premium payments. It is a welcome initiative by Yes Bank to offer accelerated Reward Points on insurance premium payments that will definitely encourage cardholders to pay insurance premiums with their credit cards.