By Manan Singh
Updated On July 27, 2023

Yes Bank has a great range of credit cards across different categories, ranging from entry-level to premium cards. Recently, the bank has come up with its RuPay credit card in line with RBI’s announcement that citizens can link their RuPay credit cards to UPI apps and make payments.

All major card issuers have a diverse range of RuPay cards and Yes Bank joins them with this offering. The Yes Bank RuPay credit card is a complimentary offering that you can get when applying for another Yes Bank card, and is available only in the virtual version. The card is lifetime free and offers the convenience of UPI payments along with accelerated reward points on UPI spends.

To know more about the Yes Bank RuPay credit card and its offerings, keep reading our article.

Yes Bank Rupay Credit Card
(4.4/5)

Fees

Joining Fee

Nil

Renewal Fee

Nil

Best Suited For

Shopping |

Reward Type

Reward Points |

Welcome Benefits

NA

Movie & Dining

NA

Rewards Rate

8 RPs per Rs. 200 on UPI transactions above Rs. 2000, 2 RPs per Rs. 200 on other online spends

Reward Redemption

Reward points earned can be redeemed against a host of choices at the Yes Rewardz portal

Travel

NA

Golf

NA

Domestic Lounge Access

NA

International Lounge Access

NA

Insurance Benefits

NA

Zero Liability Protection

The cardholders is not liable for fraudulent spends made with the card in case of timely reporting to the bank about theft or loss of the credit card

Spend Based Waiver

NA

Rewards Redemption Fee

Rs. 100 per redemption request

Rewards Redemption Fee

Rs. 100 per redemption request

Foreign Currency Markup

2.75% of the transaction amount

Interest Rates

3.8% per month or 45.6% per annum

Fuel Surcharge

1% fuel surcharge waiver on spends between Rs. 400 to Rs. 5000, with maximum benefit capped at Rs. 125 per statement cycle

Cash Advance Charges

NA

Add-on Card Fee

Nil

  • Lifetime free credit card without any joining or renewal fee
  • Convenience of making UPI transactions
  • Virtual-Only card without any physical card variant
  • 8 RPs per Rs. 200 spent on UPI transactions above Rs. 2000
  • 2 RPs per Rs. 200 spent on other online spends
  • Low forex markup fee of 2.75% of the transaction amount
By Manan Singh
Updated On July 27, 2023

Yes Bank has a great range of credit cards across different categories, ranging from entry-level to premium cards. Recently, the bank has come up with its RuPay credit card in line with RBI’s announcement that citizens can link their RuPay credit cards to UPI apps and make payments.

All major card issuers have a diverse range of RuPay cards and Yes Bank joins them with this offering. The Yes Bank RuPay credit card is a complimentary offering that you can get when applying for another Yes Bank card, and is available only in the virtual version. The card is lifetime free and offers the convenience of UPI payments along with accelerated reward points on UPI spends.

To know more about the Yes Bank RuPay credit card and its offerings, keep reading our article.

Yes Bank RuPay Credit Card – Features and Benefits

The following are the features and benefits of the Yes bank RuPay credit card –

Virtual-Only Card

You get the chance to get the Yes Bank RuPay credit card when applying for another credit card, and the card is offered only in the virtual version, you will not get a physical variant of the card. Also, you have to share the RuPay card’s credit limit with the original card you applied for.

Reward Points Earning

  • Earn 8 reward points per Rs. 200 spent on UPI transactions above Rs. 2000 with the card
  • Earn 2 reward points per Rs. 200 spent on other online spends

Reward Redemption

The reward points earned for your spends with the card can be redeemed against a host of different choices at the Yes Rewardz portal.

Fuel Surcharge Waiver

Get a 1% fuel surcharge waiver on transactions between Rs. 400 and Rs. 5000, with the maximum benefit capped at Rs. 125 per statement cycle

Low Forex Markup Fee

The Yes Bank RuPay credit card has a forex markup fee of 2.75% of the transaction amount, which is lower than the market standard.

Additional Benefits of the Yes Bank RuPay Credit Card

  • Instant EMI – You can convert spends as low as Rs. 1500 to affordable EMIs.
  • EMI on Call – Easily convert spends into EMIs at low interest rates through on-call service
  • Quick Loan – In case of emergency requirements, get loans worth up to the credit card limit
  • Yes PayNow – Every month, your bills will be paid on time
  • E-Mandate – Set up standing instructions for subscriptions, bill payments, insurance, and more

Yes Bank RuPay Credit Card – Fees and Charges

The following are the fees and charges associated with the credit card –

  • The card is lifetime free and does not charge any joining or annual fee from the cardholders.
  • The card charges an interest rate of 3.8% per month or 45.6% per annum
  • The forex markup fee on the card is 2.75% of the transaction amount
  • The card does not offer the cash advance facility so there are no charges for it
  • The card charges 0.5% of the transaction amount or Rs.1, whichever is higher, for all wallet and rental transactions. Also, you can make a maximum of 3 rent payments in a 30-day period

How to Link the Yes Bank RuPay Credit Card to UPI Apps

Follow these steps to link the credit card to your preferred UPI application –

  • Launch the UPI app and fill in your login details
  • Click on the ‘Add/Link Credit Card’ option
  • Choose Yes Bank from the list of available banks
  • Select the Yes Bank RuPay Credit Card and click on Confirm
  • Existing mobile banking users can use their MPIN as UPI PIN while others will need to set up a new UPI PIN.
  • After this, the credit card will be linked successfully to the app, and you can use it for payments

How to Make UPI Payments with the Yes Bank RuPay Credit Card

Follow these steps to make UPI payments with the Yes Bank RuPay credit card –

  • Launch the UPI application and login using your details
  • Scan the Merchant’s QR Code to whom you want to pay money
  • Fill in the transaction amount
  • Choose the Yes Bank RuPay credit card from the list of payment methods
  • Enter the UPI PIN and click on Confirm
  • The UPI transaction with the credit card will take place successfully

Bottom Line

All major card issuers have RuPay credit cards that can be linked to UPI apps and used for making convenient UPI transactions. Yes Bank has also launched the RuPay credit card that is complimentary when you apply for any other card by the bank. This is a virtual-only offering without any physical plastic card variant, and is lifetime free without any joining or renewal fees.

All Mastercard or Visa credit cardholders of Yes Bank are eligible for the card, but you will have to share the card’s limit with the original credit card you applied for. The card offers accelerated 8 reward points on UPI transactions and 2 reward points on other online spends. Also, the forex markup fee is 2.75% of the transaction amount, which is lower than the standard.

If you are looking for a user-friendly beginner credit card that also offers the convenience and ease of UPI payments, you can consider getting the Yes Bank RuPay credit card. Do let us know your thoughts on this new card by Yes Bank in the comments section.

FAQs:

You can link the Yes Bank RuPay credit card to Paytm, BHIM, Google Pay, and PhonePe. Other applications are updating their platforms so that customers can soon begin linking their RuPay credit cards to those apps as well.

The Yes Bank RuPay credit card is a lifetime free card without any joining or renewal fees. You get the option to opt for this card on applying for another Yes Bank credit card and it is only available in the virtual version.

No, you just get a virtual version of the Yes Bank RuPay credit card and no physical variant. Also, the credit limit on the RuPay credit card is shared with the original credit card you applied for.

No, you can use the Yes Bank RuPay credit card only to make UPI payments to merchants. Peer-to-peer transactions cannot be made using the card on UPI apps.

The Yes Bank RuPay credit card offers 8 RPs per Rs. 200 spent with the card on UPI transactions above Rs. 2000. You also get 2 RPs per Rs. 200 on other online spends with the card.

No, you cannot use your card PIN and will need a separate UPI PIN for UPI payments with the RuPay credit card. Existing users of IRIS by Yes or Yes Mobile will have the same MPIN and UPI PIN.

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