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Yes FIRST Business Credit Card by Yes Bank has been designed to deliver the best privileges to businesses with tons of benefits. The YES bank has launched two business cards: the YES FIRST Business Credit Card and the YES PROSPERITY Business Credit Card. The card delivers exciting Reward Points for all business transactions and benefits in travel, fuel, and redemption options across various categories, including Air Travel, Hotel Stays, accessories, and more. The First Business card offers tons of reward points on all categories as well as on select categories. Apart from that, the card provides great milestone benefits, a fuel surcharge waiver, and spend based fee waiver. The best part is that the Foreign Currency Markup on the card is 1.75% only. This is a very low rate as compared to other cards.

Also, the card offers great travel benefits like complimentary international lounge access with the Priority Pass Membership for Mastercard cardholders and the LoungeKey Program for VISA Cardholders. Along with international access, the card also offers domestic lounge access for VISA cardholders. On top of that, 1 complimentary lesson is also offered with the First Business card. Refer to the following details to get a more thorough review of the card:

Yes-First-Business-Credit-Card
(4.5/5)

Joining Fee

₹999 + GST

Renewal Fee

₹999 + GST

Best Suited For

Travel | Shopping |

Reward Type

Reward Points

Welcome Benefits

NA

Movie & Dining

15% Off at Select Restaurants With Dining Fiesta Program

Rewards Rate

8 Reward Points per Rs. 200 you spend on all categories, 4 Reward Points per Rs. 200 spent on Select categories.

Reward Redemption

Reward points can be redeemed against Flight/Hotel/Movie bookings, against Air Miles (8 RPs = 1 InterMile or 1 CV Point), or an Exclusive Catalogue of Products.

Travel

Complimentary access to domestic and international lounges.

Domestic Lounge Access

2 complimentary access to Domestic Lounges quarterly (for VISA Cardholders).

International Lounge Access

6 complimentary access to international lounges.

Golf

1 complimentary golf lesson per month and green fee waiver at select golf courses (Only for VISA Cardholders)

Insurance Benefits

Insurance Cover up to Rs. 1 crore.

Spend-Based Waiver

Joining Fee Waived on Spending ₹20,000 in First 30 Days. Annual Fee Waived on Spending ₹3 Lakh or More in a Year

Rewards Redemption Fee

Rs. 100

Rewards Redemption Fee

Rs. 100

Foreign Currency Markup

1.75%

Interest Rates

3.80% Per Month (45.6% Per Annum)

Fuel Surcharge

1% fuel surcharge waiver on transactions between Rs. 400 to Rs. 5000. (capped at Rs 1,000 per month).

Cash Advance Charges

2.5% (subject to a minimum charge of Rs. 300)

  • 20,000 Reward Points annually based on spends.
  • 8 Reward Points per Rs. 200 spent on all categories
  • 4 Reward Points per Rs. 200 spent on Select categories
  • Complimentary access to  international Lounges.
  • Complimentary access to Domestic Lounges.
  • Complimentary golf lessons.
  • Insurance cover up to Rs. 1 Crore.
  • Foreign currency markup fee of 1.75%.
  • 1% Fuel surcharge waiver.

YES FIRST Business Credit Card Features and Benefits

YES FIRST Business Credit Card is an excellent tool for businesses to earn more out of every business transaction incurred through exciting reward points along with benefits in travel. Below are the detailed features associated with this card:

Milestone Benefits

Get 20,000 RPs on spending ₹12 Lakhs or more in a year with YES FIRST Business Credit Card.

Spend Based Waiver

On spending ₹60,000 within 90 days of card issuance, you can get the joining fee waived. Also, on spending ₹3,00,000 in a year, you can get the annual fee waived for the card.

Travel Benefits

VISA Cardholders:

  • Get 6 complimentary access to International airport lounges under the LoungeKey Program. Note that you will be charged $27 for visiting the lounge beyond 6 visits and for every guest visit.
  • Enjoy 2 complimentary access to Domestic Lounges quarterly with under the VISA Domestic Lounge Program.

MasterCard Cardholders:

  • 6 Complimentary access to International Airport Lounges every year outside India with Priority Pass Membership. Note that you will be charged $27 for visiting beyond 6 visits and per guest visit.

VISA Golf Program

Get 1 complimentary golf lesson every month. Book your lesson by creating an account with Tea pass India.

Low Foreign Currency Markup

The foreign currency markup with YES FIRST Business Credit Card is 1.75% (plus taxes). This is very low as compared to other credit cards having a 3.5% charge.

Fuel Surcharge Waiver

1% fuel surcharge waiver on all fuel transactions between ₹400 & ₹5,000. The waiver is capped at ₹1,000 per month for the YES FIRST Business Credit Card.

Insurance Benefits

Insurance Type Cover
Air Accident Insurance ₹1 Crore
Medical Emergency Insurance (Only on foreign travel) ₹25 Lakh
Credit Shield ₹8 Lakh

YES FIRST Business Credit Card Rewards

  • 8 Reward Points per ₹200 you spend (apart from select categories).
  • 4 Reward Points per ₹200 you spend on Select categories.

Rewards Redemption

With YesRewards, you redeem the points earned against:

  • Flight, Hotel, or Movie ticket booking.
  • Products Catalog
  • Air Miles (10 RPs = 1 InterMile or 1 Club Vistara (CV) Point)

YES FIRST Business Credit Card Fees & Charges

  • Annual Fee: The First Business card’s annual fee and the joining fee is ₹999 (plus applicable taxes).
  • Interest Rate: The card charges 3.80% per month (45.6 annually) as the interest rate on the due amount.
  • Cash Advance Fee: A cash withdrawal fee of 2.5% (subject to a minimum fee of ₹300) is applicable on cash withdrawals.
  • Forex Mark-up Fee: The foreign currency mark-up fee on the card is 1.75% of the transaction amount.

YES Business Credit Card Eligibility Criteria

The following are the eligibility criteria for the Yes Bank Business credit card:

Particular Criteria
Age 21 years – 65 years
Income Self Employed, Proprietors and Partners of Partnership firms with an Income Tax Return of ₹10 Lakhs or more
Credit Score Decent credit score (750 or above)

Conclusion

YES FIRST Business Credit Card rewards every business transaction except fuel with great reward points so that you can do more with your card. The card also offers great ways to redeem the reward points earned. For example, for your business travel, the card offers the ability to redeem points against Airmiles to make travel cost-friendly. On top of that, it offers complimentary access to domestic lounges as well as international lounges to make the travel luxurious. Most importantly, the card charges a very low foreign transaction fee of 1.75% on all global transactions. Please comment on the review of this card below.

FAQs:

Yes, the YES FIRST Business Credit Card offers reward points for every transaction for all categories like travel, hotel, dining, and much more. However, do note that you would not earn points on transactions towards Fuel.
The card offers a 1% waiver on all fuel transactions between ₹400 and ₹5,000. The waiver is capped at ₹1,000 per month for the YES FIRST Business Credit Card.
The interest charges applicable to cash advance transactions are 3.80% per month (45.6% annually).
Yes, the cardholder is not liable for any fraudulent transaction after reporting the loss to Yes Bank’s customer care. However, customers will be liable for transactions before reporting.

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