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YES Bank RESERV Credit Card

The RESERV Credit Card, earlier known as the First Exclusive credit card, is a high-end offering by Yes Bank. It can be considered a direct competitor to the HDFC Regalia Gold Credit Card. The card comes with complimentary access to both international and domestic airport lounges. Apart from that, what makes this card such a lucrative offering in the premium segment is one of the lowest foreign currency markups by industry standards (2%). But that’s not it; since it is a premium card, you also get many other benefits, like complimentary rounds of golf and discounted movie tickets. Read the article for further information about this card.

YES Bank RESERV Credit Card

( 4.5 / 5 )
YES Bank RESERV Credit Card
  • Joining Fee₹2,499 + GST
  • Annual Fee₹2,499 + GST
  • Best Suited ForTravel, Shopping
  • Reward TypeReward Points

Rewards Rate

24 Reward Points for every Rs. 200 spent online. 12 Reward Points for every Rs. 200 spent on offline shopping and 6 RPs on select categories

Welcome Benefits

N/A

Movie & Dining

N/A

Rewards Rate

24 Reward Points for every Rs. 200 spent online. 12 Reward Points for every Rs. 200 spent on offline shopping and 6 RPs on select categories

Reward Redemption

Reward Points Can be Redeemed on the YesRewardz Portal Against Multiple Options

Travel

N/A

Domestic Lounge Access

12 Domestic Lounge Visits Every Year (3 Per Quarter) on Spending ₹1 Lakh or More in the Previous Quarter

International Lounge Access

6 Lounge Visits Outside India Each Year

Golf

4 Complimentary Rounds of Golf With Green Fee Waived and 1 Complimentary Golf Lesson Per Year

Insurance Benefits

₹15 Lakh Credit Shield Cover and ₹15 – 30 Lakh Lost Card Liability Protection

  • Spend-Based Waiver

    The Joining Fee is Waived on Spending Rs. 40,000 Within 30 Days of Card Issuance. and the Renewal Fee is Waived on Annual Spends of Rs. 3 Lakh or More.

    Rewards Redemption Fee

    ₹100 + GST

    Foreign Currency Markup

    2%

    Interest Rates

    2.99% Per Month (35.88% Annually)

    Fuel Surcharge Waiver

    1% on Fuel Transactions Between ₹500 and ₹4,000

    Cash Advance Charges

    2.5% Or ₹650 (Whichever is Higher)

    • 24 Reward Points for every ₹200 spent on online shopping.
    • 12 Reward Points for every ₹200 spent offline.
    • 6 Reward Points on every spend of ₹200 on select categories like insurance, education, government, and wallet payments.

    RESERV Credit Card Rewards

    As it is a Reward Points-based credit card, you get Reward Points on transactions made with the card. You get:

    • 24 Reward Points for every ₹200 spent on online shopping.
    • 12 Reward Points for every ₹200 spent on offline shopping.
    • Select category transactions shall earn 6 Reward Points per ₹200 spent. These include insurance, education, and tax payments.
    • A maximum of 36,000 Reward Points can be earned in a statement cycle.
    • Yes Bank Reward Points are valid for 3 years from the date of accumulation.
    • Reward Points will not be awarded for fuel transactions, cash withdrawals, rental/wallet payments, and transactions converted into EMI.

    Rewards Redemption

    Yes Bank Reward Points can be redeemed for purchasing various products, e-vouchers, travel bookings, and movie tickets on the Yes Rewardz portal.

    RESERV Credit Card Features and Benefits

    The RESERV Credit Card by YES Bank is well known in the Indian market. It comes with a number of exciting benefits across various categories. Here are some of the most attractive features and benefits of this credit card:

    Travel Benefits

    Travel benefits with this credit card include:

    • 12 domestic lounge access (3 per quarter) at select airports across India. This is also available for add-on credit card holders.
    • 6 complimentary lounge access outside India for primary and add-on cardholders.
    • Reward points can be transferred to partner airline programs like Air India Maharaja Club at a conversion ratio of 15:1 under the RESERV (YES First Exclusive) program.

    Effective 1st April 2025, access to domestic airport lounges will be based on spending criteria.

    Lounge Access Quarter Spend Threshold
    Jan – March ₹1 Lakh
    April – Jun ₹1 Lakh
    July – Sept ₹1 Lakh
    Oct – Dec ₹1 Lakh

    Insurance Benefits

    The card offers a ₹15 lakh Credit Shield cover, providing financial protection against unforeseen events, along with lost card liability protection ranging from ₹15 lakh to ₹30 lakh, ensuring enhanced security against unauthorized transactions.

    Lower Foreign Currency Markup

    At 2%, the foreign currency markup for this credit is one of the lowest in the market.

    Renewal Benefit

    Get 8,000 Reward Points on payment of renewal charges, which are applicable from the second year.

    Fuel Surcharge

    The convenience fee on purchases (between ₹500 and ₹4,000) is waived at all refill stations across India (the maximum benefit under this waiver is capped at ₹500 per month).

    Yes Bank RESERV Credit Card Features

    Yes Bank RESERV Credit Card Eligibility

    The eligibility criteria that need to be fulfilled by the applicants in order to get approved for the YES Bank First Exclusive Credit Card are as follows:

    • Must be a resident of India,
    • Must be between the ages of 21 and 60 years,
    • Should have a minimum monthly income of ₹2 lakh or an annual income of ₹18 lakh or above.

    Yes Bank RESERV Credit Card Review

    If you frequently fly internationally, this credit card is worth considering. It offers six complimentary lounge accesses at airport lounges outside of India, which is a significant benefit. One unique aspect is that free international lounge access is also available for add-on cardholders. However, while this card may seem attractive at first glance, there are several drawbacks, such as lounge access being based on spending requirements.

    There are alternative cards to consider, including the IDFC Ashva, HDFC Diners Club Privilege, and Axis Horizon Credit Card. Despite its limitations, the Yes Reserv Credit Card may still be a good choice for high-net-worth individuals. We’d love to hear your thoughts on this card in the comments section.

    FAQs:

    The reward points earned are valid for 3 years from the date of accumulation and expire thereafter.

    You get 6 lounge access at airports outside India.

    Yes, you are not liable for any fraudulent transaction made using your card, post the time of reporting the loss of your card. However, for any transaction, before you have reported the loss of card to the bank’s customer care, the liability of all the transactions made using your card lies solely with you.

    Yes Rewardz is Yes Bank’s reward redemption portal where you can redeem your reward points for exclusive products, shopping vouchers, and hotel/flight/movie ticket bookings.

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