By Bharti Bisht
Updated On September 10, 2021

The YES First Preferred credit card is a premium credit card that comes with exclusive reward point offers and several other exciting benefits. It allows you to save up to thousands of reward points every time you make a purchase or pay the renewal fee. Not only this, but it also provides you with complimentary travel benefits including domestic as well as international travel lounge access. With a joining fee of Rs. 2500, it has admiring key features that make the joining fee worth it. You get 4 reward points on every spend of Rs. 200 on tax payments, utilities, groceries, etc, and 8 reward points on any other retail purchases. Although the YES First Preferred credit card is best suited for people who love to save money by earning more and more reward points, it can also be a great choice for people who love traveling. It is because you get 2 domestic lounge access every quarter and 4 exclusive complimentary international lounge access every year. One of its greatest key features is that you get 10,000 reward points on your first transaction if it is done within the first 90 days after receiving the card.

Best Suited For

Shopping |

Joining Fee

Rs. 2500 (plus applicable taxes)

Reward Type

Reward Points |

Product Details

  • 10,000 Reward Points on your first transaction if done within the first 90 days after receiving the card.
  • 2 complimentary domestic lounge access every quarter and 4 complimentary international lounge access every year.
  • A bonus of 20,000 Reward Points on spending Rs. 7.5 lakhs in an anniversary year.
  • Joining fee of Rs 2500
  • 4 reward points on every spend of Rs. 200 on utilities, groceries, tax payments, insurance sales, etc, and 8 reward points on every Rs. 200 spent on all other retail purchases.
  • Foreign markup fee of 1.75%
  • The renewal fee is waived off on spending over Rs. 4 lakhs in the previous year.

Rewards and Benefits

Welcome Benefits

10,000 Reward points on the first transaction if done within 90 days.

Movie & Dining

A discount of 25% discount on movies on booking through BookMyShow

Rewards Rate

8 reward points on every spend of Rs. 200

Reward Redemption

1 Reward Point = Re. 0.25 for redemption against hotel/flight bookings, and 1 Reward Point = Re. 0.10 for redemption against gift vouchers, product catalogue, etc.

Travel

4 exclusive complimentary international lounge access per year and 2 domestic lounge access per calendar quarter.

Golf

4 complimentary green fee rounds every year.

Domestic Lounge Access

2 domestic lounge access per quarter through the MasterCard lounge program.

International Lounge Access

You get 4 complimentary international lounge access every year through the priority pass.

Insurance Benefits

Life insurance of up to Rs. 1 crore in the case of death due to flight accidents and medical insurance of Rs. 25 lakhs for emergency hospitalization.

Zero Liability Protection

Zero Liability protection is provided in the case of the lost or stolen card if reported within 3 days after losing it.

Fees & Charges

Joining Fee

Rs. 2500 (plus applicable taxes)

Renewal Fee

Rs. 2500 (plus applicable taxes)

Spend based Waiver

The renewal fee is waived off on a spend of more than 4 lakhs in the previous year.

Rewards Redemption Fee

A reward redemption fee of Rs. 100 on every redemption request.

Rewards Redemption Fee

A reward redemption fee of Rs. 100 on every redemption request.

Foreign Currency Markup

1.75% on all foreign currency spends

Interest Rates

3.5% per month ( 42% per annum)
3% per month ( 36 per annum) in case of credit card issued a fixed deposit

Fuel Surcharge

1% fuel surcharge waiver at all fuel stations all over India on a minimum of Rs. 400 transaction and a maximum of Rs. 5000 transaction.

Cash Advance Charge

2.5% of the transaction amount.

Add-on Card Fee

Nil (up to 3 cards)

YES First Preferred Credit Card Rewards:

You get 8 reward points for every spend of Rs. 200 on most of the categories.
You get 4 Reward Points on utilities, groceries, tax payments, insurance sales, and some other categories, etc.

Welcome Benefits

The YES First Preferred credit card comes with a welcome benefit of 10,000 Reward points on the first transaction within 90 days and also a renewal bonus of 7500 reward points.

Rewards Redemption

  • To redeem your reward points for movies, flights, hotel bookings, you can visit the dedicated website.
  • 1 Reward Point = Re. 0.25 for redemption against hotel/flight bookings.
  • 1 Reward Point = Re. 0.10 for redemption against gift vouchers, product catalogue, etc.
  • 10 Reward Points = 1 Intermile / 1 Club Vistara Point.
  • The YES Bank charges a reward redemption fee of Rs. 100 on every redemption request.

Milestone Benefits

A bonus of 20,000 Reward Points on spending Rs. 7.5 lakhs in an anniversary year.

Travel Benefits

  • You get 4 exclusive complimentary international lounge access per year through Priority Pass Membership. If you use Priority Pass for lounge visits in India, $27 + GST will be charged per person per visit.
  • 2 domestic lounge access per calendar quarter through MasterCard lounge program. The offer is valid for primary cardholders only.

Golf Benefits

  • It also provides 4 complimentary green fee rounds every year.
  • You get 1 complimentary golf lesson every month at selected golf courses in India.

Insurance Benefits

  • In case of death due to an air accident, a life insurance cover is provided worth Rs. 1 Crore.
  • Emergency hospitalization of up to Rs. 25 Lakhs is provided for treatment when traveling overseas.
  • If the primary cardmember dies accidentally, a credit shield cover is provided.

Other Benefits

The YES First Preferred credit card comes with miscellaneous benefits, including exclusive reward point offers, travel benefits, movie benefits, etc. Some other important benefits of the card include a 1% fuel surcharge waiver, a 25% discount on movies on booking through the book my show, etc. Moreover, you get 1000 Reward Points on every successfully done YES PayNow registration.

Joining and Renewal Fee Waiver

The renewal fee of Rs. 2500 is waived off if you spend Rs. 4 lakhs or more in the previous year.

Low Foreign Markup Fee

This card comes with a minimal foreign conversion fee of 1.75% on all foreign transactions. Markup fee is an important source of income for card issuers. Usually, banks charge a markup fee of 3.5% on conversion.

Eligibility Criteria

Salaried Employees Self-Employed Individuals
Age 21 Years – 60 Years 21 Years – 60 Years
Income Minimum Rs. 2,00,000 per month Minimum Rs. 24,00,000 per annum (as per ITR)

Conclusion

Keeping all its diverse benefits in mind, you can now decide whether it suits you or not. Other than exciting reward point offers, its insurance benefits, travel benefits, and low foreign markup fee give you an even more strong reason to choose the YES First Preferred credit card. One more of its best parts is that you get 7500 reward points every time you pay a renewal fee of Rs. 2500, i.e., you save Rs.750 as reward points. Moreover, it will also help you save every time you spend, hence obviously in maintaining your credit score. So, understand your requirements and if the card meets them, you need not think twice before choosing it.

FAQs:

You get a discount of 25% on movie tickets on booking through Book my show and paying with your YES First Preferred card.

1 Reward Point = Rs. 0.10. Hence, 10 Reward Points will be equal to 1 rupee.

It is Rs. 100 on every redemption request.

Yes, it provides medical insurance worth Rs. 25 lakhs in case of emergency hospitalization provided for overseas treatment.

The foreign currency markup fee on this card is 1.75%.

The renewal fee is waived off if you spend over Rs. 4 lakhs in the previous year.

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