By Uday Devgan
Updated On August 6, 2022

YES, FIRST Business Credit Card by the Yes bank has been designed to deliver the best privileges to businesses with tons of benefits. The YES bank has launched two business cards till now which are, YES FIRST Business Credit Card and YES PROSPERITY Business Credit Card. The card offers exciting Reward Points on every business transaction and benefits in travel, fuel, and redemption options across categories like 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 offers great milestone benefits, spend-based waiver benefits, and other benefits like fuel surcharge 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 business cards.

Also, the card offers great travel benefits like complimentary international lounge access with the Priority Pass Membership for Mastercard cardholders and  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 provided with the card. Refer to the followings details, to get a more detailed review of the card:

(4.5/5)

Best Suited For

Travel | Shopping |

Joining Fee

Rs. 999 (plus applicable taxes)

Reward Type

Reward Points |

Product Details

  • Foreign currency markup fee of 1.75%.
  • 20,000 Reward Points on annual spends of Rs. 12 Lakhs or more.
  • 8 Reward Points for every Rs. 200 on all categories
  • 4 Reward Points for every Rs. 200 on Select categories
  • 6 complimentary international Lounge access (per year) at airports outside India
  • 2 complimentary Domestic Lounge access per quarter
  • 1 complimentary golf lesson every month
  • Air accidental cover of up to Rs. 1 Crore, medical emergencies cover up to Rs. 25 Lakh and much more.
  • 1% Fuel surcharge waiver across fuel stations in India.

Rewards and Benefits

Welcome Benefits

NA

Movie & Dining

NA

Rewards Rate

8 Reward Points for every Rs. 200 spent on all categories (except select categories) 4 Reward Points for every spent Rs. 200 on Select categories.

Reward Redemption

Redeem points for Flight/Hotel/Movie ticket booking, Exclusive Catalogue of Products or against Air Miles (8 Reward Points = 1 InterMile / 1 Club Vistara Point) on YesRewards.

Travel

Complimentary domestic as well as international lounge access at airports

Golf

1 complimentary golf lesson every calendar month and Waiver of green fee at select golf courses (Only for VISA Cardholders)

Domestic Lounge Access

2 complimentary Domestic Lounge access per quarter (Only for VISA Cardholders)

International Lounge Access

6 complimentary international Lounge access (per year) at airports outside India

Insurance Benefits

Air Accidental Insurance, Medical Insurance Cover and more.

Zero Liability Protection

Cardholder not liable for any fraudulent transaction post the time of reporting the loss to Yes Bank’s customer care.

Fees & Charges

Joining Fee

Rs. 999 (plus applicable taxes)

Renewal Fee

Rs. 999 (plus applicable taxes)

Spend based Waiver

Spend Rs. 60,000 within first 90 days from card activation and get 1st year membership waived off and Spend Rs 3,00,000 in card anniversary year and get waiver on renewal fee for the subsequent year.

Rewards Redemption Fee

Rs. 100

Rewards Redemption Fee

Rs. 100

Foreign Currency Markup

1.75% of the transaction amount.

Interest Rates

3.50% per month (42% p.a.)

Fuel Surcharge

1% fuel surcharge waiver valid for transactions between Rs. 400 to Rs. 5000 only. Maximum surcharge waiver in a statement cycle is Rs 1,000

Cash Advance Charge

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

Add-on Card Fee

Nil

YES FIRST Business Credit Card Features and Benefits

YES FIRST Business Credit Card is a great tool for businesses to earn more out of every business transaction incurred through exciting reward points and benefits across travel for business purposes. Following are the detailed features of the card:

Milestone Benefits

Get 20,000 Reward Points on achieving annual spends of Rs. 12 Lakhs or more in each anniversary year with YES FIRST Business Credit Card.

Spend Based Waiver

Spend Rs. 60,000 within first 90 days from card activation and get 1st year membership waived off and Spend Rs 3,00,000 in card anniversary year and get waiver on renewal fee for the subsequent year.

Travel Benefits

VISA Cardholders:

  • Enjoy 6 Complimentary International Airport Lounge access per calendar year through the LoungeKey Program. To access the lounge, present your Visa branded YES BANK Credit Card at Lounges outside India displaying the LoungeKey logo. Note that a charge of USD 27 (Plus taxes) will be applicable for usage beyond 6 visits and for all guest visits.
  • Enjoy 2 complimentary Domestic Lounge access per quarter with the VISA Domestic Lounge Program.

MasterCard Cardholders:

  • Enjoy 6 Complimentary International Airport Lounge access per calendar year outside India through the Complimentary Priority Pass Membership. Note that a charge of USD 27 (Plus taxes) will be applicable for usage beyond 6 visits and for all guest visits.

VISA Golf Program

VISA Golf Program offers one complimentary golf lesson to the cardholder every month. To Book your lesson you need to create an account with Tea pass India.

Low Foreign Currency Markup

The foreign currency markup for the YES FIRST Business Credit Card is 1.75% (plus taxes), which is much lower than the usual 3.5% for most other credit cards.

Fuel Surcharge Waiver

You get a fuel surcharge waiver of 1% for all fuel transactions between Rs. 400 & Rs. 5,000. The maximum benefit through fuel surcharge waiver is capped at Rs. 1,000 per month for the YES FIRST Business Credit Card.

Insurance Benefits

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

Read more about the insurance benefits on the Yes Bank’s website. All the benefits mentioned above are subject to terms and conditions levied by the Yes Bank, read all terms and conditions carefully.

YES FIRST Business Credit Card Rewards:

  • 8 Reward Points for every Rs. 200 spend on all categories (other than select categories).
  • 4 Reward Points for every Rs. 200 spend on Select categories.
  • 5X Reward Points on first 3 transactions of the biller registered on YES PayNow (valid only on first 5 billers registered).

Rewards Redemption

With YesRewards Redeem your Reward Points for:

  • Flight/Hotel/Movie ticket booking.
  • Exclusive Catalogue of Products
  • Against Air Miles (10 Reward Points = 1 InterMile / 1 Club Vistara Point)

YES FIRST Business Credit Card Fees & Charges

  • Annual Fee: Yes Bank charges Rs. 999 (plus applicable taxes) as the joining feesand Rs. 999 (plus applicable taxes) for the YES FIRST Business Credit Card.
  • Interest Rate: An interest rate of 3.5% per month (42% annually) is applicable on the due amount.
  • Cash Advance Fee: Yes Bank levies a cash withdrawal fee of 2.5% of the withdrawn amount (subject to a minimum fee of Rs. 300) on cash withdrawals with the card from ATMs.
  • Forex Mark-up Fee: A foreign currency mark-up fee of 1.75% of the transaction amount is applicable on all foreign currency transactions made with YES FIRST Business Credit Card, which is very low compared to other cards charging 3.5% on the transactions.

YES Business Credit Card Eligibility Criteria

Like every other credit card, the YES Business Credit Card also comes with specific eligibility criteria that the applicants need to fulfill in order to get approved for it. The eligibility requirements for this credit card are as follows:

  • The age of the applicant should be between 21 years and 65 years.
  • The applicant should be Self Employed, Proprietors and Partners of Partnership firms.
  • Minimum Income Tax Return of Rs. 10 Lakhs
  • The applicant should have a decent credit score and the business credit score might also be an important factor here.

Documents Required

The documents required to apply for the YES Bank First Business Credit Card are as mentioned below:

  • Identity Proof: PAN Card, Aadhar Card, Voter’s Id, Passport, or Driving License.
  • Address Proof: Aadhar Card, Utility Bills (not older than three months), Ration Card, etc.
  • Latest audited ITR, business registration certificate, passport-sized photograph, etc.

How To Apply For The YES First Business Credit Card?

You can apply for the YES First Business Credit Card online as well offline as per their comfort. To apply offline, you will have to visit your nearest YES Bank branch with all the required documents and fill in the physical application form. To apply online, you can follow a few simple steps as mentioned below:

  • Visit the YES Bank’s official website.
  • Click on ‘Business Banking.’
  • Select the option ‘Cards.’
  • Choose the YES First Business Credit Card and look for ways to apply for the card. You can do this by contacting the YES Bank customer care via call or the chatbot.

YES FIRST Business Credit Card Bill Payment

It is important to be aware of more than one or two methods to pay their credit card bill. Therefore, following are ways you can pay your Credit card bill for the YES First Business Credit Card:

For YES BANK Account Holders:

  • You can register yourself on the YES BANK NetBanking and make Credit Card payments online.
  • You can also submit an instruction to automatically debit a portion of your monthly outstanding bill from your Savings or Current Account to your Credit Card Account.

For All Customers:

  • Make bill payment through NEFT/IMPS/RTGS fund transfer mode from other bank accounts. You have too add your YES BANK Credit Card as a beneficiary. Use IFSC code: YESB0CMSNOC.
  • Use Billdesk facility to make your bill payments.
  • You can make your Credit Card payment by cheque, quoting your 16 digit Credit Card Number and drop the cheque at any of Yes Bank’s drop boxes. Please mention your name and mobile number on the back of the cheque.
  • Make payment through Cash at YES BANK Branches. Please refer to the schedule of Charges in the Most Important Terms & Conditions for charges applicable for cash payments.

YES Bank Customer Care

You may contact 24X7 YES TOUCH Customer Care on these numbers:

  •  1800 103 6000 (Toll Free for Mobile & Landlines in India)
  •  +91 22 4935 0000 (Calls from Outside India)
  •  Email at [email protected]

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. Along with that, the card offers great ways to redeem the reward points earned. Like for your business travel, the card offers the ability to redeem the points against Airmiles to make the travel cost-friendly. On top of that, it offers complimentary access to domestic lounges as well to international lounges to make the travel luxurious.

Most importantly, the card charges a very low Foreign transaction fees of 1.75% on all international transactions, which is very low as compared to other business cards. Drop your thoughts on the review of this card below in the comment section.

FAQs:

Yes, the YES FIRST Business Credit Card offer 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 waiver of 1% for all fuel transactions between Rs. 400 & Rs. 5,000. The maximum benefit through fuel surcharge waiver is capped at Rs. 1,000 per month for the YES FIRST Business Credit Card.

The Interest charges applicable on the cash advances transactions are 3.5% per month (42% annually).

Yes, The Cardholder not liable for any fraudulent transaction post the time of reporting the loss to Yes Bank’s customer care. However, customer will be liable for transactions before reporting.

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