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. 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.

YES First Preferred Credit Card
Best Suited For
Shopping |
Joining Fee
Rs. 999 (plus applicable taxes)
Reward Type
Reward Points |
Product Details
- 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. 999
- 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
N/A
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.
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Fees & Charges
Joining Fee
Rs. 999 (plus applicable taxes)
Renewal Fee
Rs. 999 (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)
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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.
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. 999 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. Moreover, the card 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.
2 Comments
whether reward points can be encashed against bills?
Yes, you can adjust Yes Bank Credit Card points against credit card bill.