Yes Bank Credit Card 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 card 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 December 2021 to 31st March 2022. Read on for more details.

Also Read: Earn 1,000 Reward Points on Insurance Premium Payments with HDFC credit cards

Yes Bank Credit Cards Insurance Payment Offer

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 payment 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 December 2021 to 31st March 2022.

How to avail 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 December 1, 2021 to March 31, 2022.

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 month-end, i.e. the bonus Reward Points earned against insurance payments made in December 2021, shall be posted on your credit card account by 15th February 2022.

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 December 2021 to 31st March 2022.
• 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 month-end.
• 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.

If you do not have a Yes Bank credit card, HDFC Bank is also currently offering bonus Reward Points on insurance premium payments with their credit cards. However, the HDFC offer is valid only till 31st December 2021.