Yes Bank First Exclusive Credit Card

Yes Bank First Exclusive Credit Card Features and Benefits

The First Exclusive Credit Card by YES Bank is a well-known credit card in the Indian market. It comes with a number 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:

• Travel offers on the Yes Privileges portal.
• 12 domestic lounge access (3 per quarter) at select airports across India under MasterCard lounge program.
• Priority Pass Program membership with 6 free lounge access outside India for primary as well as supplementary cardholders.
• Reward Points are transferable to partner airlines’ AirMiles.

Dining and Movie Benefits:

You get dining offers on the Yes Privileges portal and for movies, Yes bank offers you a 25% discount on all movie tickets booked on the BookMyShow website or app (with a maximum discount capped at Rs. 250/month).

Insurance Benefits:

You get the below-mentioned insurance benefits with the First Exclusive card:

• A life cover worth Rs. 3 crore. In the unfortunate event of death of the primary cardholder in an air accident, the nominated kin will get a sum of Rs. 3 crore.
• A medical emergency insurance worth Rs. 50 lakh, in case of emergency hospitalization of the primary cardholder on an international trip.
• A Credit Shield cover worth Rs. 10 lakh against the card’s balance amount in case of accidental death of the primary cardholder.
• All these insurance benefits are only applicable to primary cards. Add-on cardholders do not get insurance benefits.

Lower Foreign Currency Markup:

• At 1.75%, the foreign currency markup for this credit is one of the lowest in the market.

Fuel Surcharge:

The convenience fee on purchases (between Rs. 400 and Rs. 5,000) is waived at all refill stations across India (the maximum benefit under this waiver is capped at Rs. 1,000 per month).

YES First Exclusive Credit Card Rewards:

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

• 12 Reward Points for every Rs. 200 for all spends except on the Select category.
• 6 Reward Points for every Rs. 200 for all spends on the Select category.
• Accelerated 24 Reward Points on every Rs. 200 spent on Travel and Dining (Capped at 5,000 per month).
• 1000 Reward Points on each Yes PayNow registration.
• Select category transactions include transportation fares (bus tickets/ taxicab fare, etc), tax and toll payments, utility bill payments, insurance premium payments, grocery purchases, school/college fees payments, and a few other miscellaneous transactions.
• Yes Bank Reward Points are valid for a period of 3 years from the accumulation date.

Rewards Redemption:

Yes Bank Reward Points can be redeemed for:

• Purchasing various products and e-vouchers and for travel bookings, movie tickets on the Yes Rewardz portal or by dialing the dedicated customer care number of the Yes Rewardz desk, i.e. 1800 419 0600.
• AirMiles at select partner airlines (10 Reward Points = 1 InterMile/1 CV Point).

Yes Bank First Exclusive Credit Card Fees and Charges

Some of the important fees and charges associated with the YES First Exclusive Credit Card are mentioned below:

• The joining and annual fee of this credit card is Rs. 999 plus applicable taxes.
• The interest rate on the YES First Exclusive Credit Card is 2.99% per month.
• The foreign currency markup fee on this credit card is 1.75% of the total transaction amount.
• The cash advance fee on the YES First Exclusive Card is 2.5% subject to a minimum of Rs. 300 per transaction.

Yes Bank First Exclusive 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:

Documents Required

The documents required to apply for this credit card are listed below:

• Proof of Identity: Aadhar Card, Driving License, Voter’s ID, PAN Card, Passport, etc.
• Proof of Address: Aadhar Card, Utility bills of latest months, Rent agreement, Ration Card, Passport, etc.
• Income Proof: Latest salary slips/bank statements (slaried people), or latest audited ITR (self-employed individuals).

How to apply for Yes Bank First Exclusive Credit Card:

YES Bank provides you with online as well as offline methods to apply for the First Exclusive Credit Card. To apply online, you can simply visit the YES Bank’s official website and fimd a way apply for the card by filling in the digital application form. If you don’t prefer online methods, you always have an option to visit your nearest Yes Bank branch with the above-mentioned documents. You will need an identity proof, an address proof, and a passport-size photo of yours along with a proof of income such as salary slip(s) in case of salaried employees and ITR documents for self-employed applicants.

Customer Care:

In case of loss of card, you may get your card blocked:

• by sending an SMS: BLKCC  from your registered number to 9840909000.
• via Yes Bank internet banking.
• through YES Mobile Banking.
• using the exclusive YesPay app.
• using the YES Bank call center numbers: 18001031212 (toll-free) / +91 22 49350000 (for calling from outside India).

For any type of assistance that you need, you can either dial their customer helpline number number or alternatively, you can get your queries/complaint resolved by filling a form on the bank’s official website. Due to any reason, if any of your doubts/complaints still remain unaddressed, you may contact the Yes Bank’s grievance redressal officer mailing at [email protected].

Conclusion:

Considering all the benefits and rewards, we can safely conclude that Yes bank’s First Exclusive credit card is one of the best offerings in the premium segment, particularly because of its low foreign currency markup (which is lower than its competitors like the HDFC Infinia card). Also, if you’re a frequent international flyer, this card is worth considering, as you get 6 international lounge access at airport lounges outside India with the Priority Pass program. We think this card can be a good pick for high-net-worth individuals. Do let us know your opinion of this card in the comments section.