By Bharti Bisht
Updated On September 20, 2022

As suggested by its name, the YES Premia Credit Card is a premium card aiming at providing its cardholders with premium benefits & offers across various categories. It is issued at a joining fee of Rs. 1,599, on which you can get a waiver if you reach the total eligible spends within ninety days of card activation. Coming to its reward offers, you earn 6 Reward Points per Rs. 200 spent and 3 Reward Points per Rs. 200 you spend on tax payments, utilities, government services, etc. Moreover, you get a 25% discount on movies on BookMyShow with this card. The card also provides travel benefits, including complimentary Priority Pass Membership, and 1 complimentary access to domestic lounges per quarter. The card also allows you to save on your foreign currency transactions as it comes with a really low foreign currency markup fee of 2.75%. There are lots of more advantages of the YES Premia Credit Card. Refer to the detailed information given for the card:

(4.2/5)

Best Suited For

Travel |

Joining Fee

Rs. 999 (plus applicable taxes)

Reward Type

Reward Points |

Product Details

  • Get 6 Reward Points per Rs. 200 you spend.
  • Get 3 Reward Points per Rs. 200 spent on tax payments, utilities, government services, transportation, etc.
  • Avail of a discount of 25% on movies through BookMyShow.
  • Complimentary Priority Pass Membership.
  • 3 Complimentary international lounge access with Mastercard Variant.
  • 1 complimentary domestic lounge access each quarter.
  • 1 complimentary golf lesson each month.
  • Get your joining & annual fee waived off on meeting the spend targets.
  • Low foreign currency markup fee of 2.75%.

Rewards and Benefits

Welcome Benefits

N/A

Movie & Dining

25% discount on movies through Bookmyshow.

Rewards Rate

12 Reward Points on every Rs. 200 on Travel and Dining spends. 6 Reward Points per Rs. 200 you spend. 3 Reward Points per Rs. 200 you spend on tax payments, postal services, bus lines, government services, etc.

Reward Redemption

The Reward points earned are redeemable through the dedicated website Yes Rewardz at a rate of 1 RP = Re. 0.25 when redeemed against hotel/flight bookings, and 1 RP= Re. 0.10 when redeeming against gift vouchers, product catalogue, etc.

Travel

Get complimentary Priority Pass Membership with complimentary lounge access.

Golf

4 Green Fee waiver and 1 complimentary golf lesson every month at selected golf courses in India

Domestic Lounge Access

1 complimentary lounge access per quarter.

International Lounge Access

3 complimentary access to international lounges through the Priority Pass.

Insurance Benefits

A credit shield cover worth Rs. 2.5 lakhs, Life Insurance Cover of Rs. 1 Crore in case of Flight Accidental Death, and Medical Insurance cover of Rs. 30 Lakhs for overseas emergency hospitalization.

Zero Liability Protection

The cardholder will not be held liable for any unauthorized transactions if the loss has been reported to the bank within 3 days of the same.

Fees & Charges

Joining Fee

Rs. 999 (plus applicable taxes)

Renewal Fee

Rs. 999 (plus applicable taxes)

Spend based Waiver

The joining fee can be waived if you spend Rs. 25,000 within ninety days after activating the card and the annual fee can be waived if you spend Rs. 1.5 lakhs or more in the preceeding year.

Rewards Redemption Fee

Rs. 100

Rewards Redemption Fee

Rs. 100

Foreign Currency Markup

2.75% on all foreign currency transactions.

Interest Rates

3.6% per month

Fuel Surcharge

1% fuel surcharge waiver on fuel transactions between Rs. 400 and Rs. 5,000.

Cash Advance Charge

2.5% or the transacted amount or Rs. 300 (whichever is higher).

Add-on Card Fee

Nil

YES Premia Credit Card Features and Benefits

YES Bank Premia Credit Card, a premium card offered by Yes bank. It comes with various exclusive benefits in various categories, like travel, insurance, rewards, and much more. The following are some of the most important features and benefits of this credit card:

Travel Benefits

  • Enjoy complimentary Priority Pass Membership along with 3 complimentary airport lounge access outside India.
  • For lounge visits within India using Priority Pass, you will be charged a fee of US $27 + GST per person per visit. The same applies to the international lounge visits exceeding 3 complimentary lounge visits.
  • You get 1 complimentary lounge access per calendar quarter (for primary cardholders only).

Movie Benefits

  • Get a 25% discount on movies on booking via BookMyShow using your YES Premia Credit Card.
  • You can avail of a maximum benefit of Rs. 250 in a calendar month with this offer.

Golf Benefits

  • You get 4 green fee waivers at selected golf courses across India.
  • Enjoy 1 complimentary lesson for golf every calendar month at selected golf courses all over India.

Insurance Benefits

You get a credit shield cover worth Rs. 2.5 lakhs, Life Insurance Cover of Rs. 1 Crore in case of Flight Accidental Death, and Medical Insurance cover of Rs. 30 Lakhs for overseas emergency hospitalization.

Joining and Renewal Fee Waiver

  • On spending Rs. 25,000 in the first 90 days of card activation, you can get the joining fee of the card waived.
  • On spending Rs. 1.5 Lakh or above in a year you can get the next annual fee waived.

Fuel Surcharge Waiver

  • Get a 1% wavier on the fuel surcharge for fuel transactions above Rs. 400 and below Rs. 5,000.
  • The maximum benefit of Rs. 250 every month can be availed through the fuel surcharge waiver.

Low Foreign Currency Markup Fee

The YES Premia Credit Card comes with a very low foreign currency markup fee of 2.75%, allowing you to save on your foreign currency spends.

YES Premia Credit Card Rewards

  • You earn 6 Reward Points per Rs. 200 spent on retail transactions.
  • Get 3 Reward Points per Rs. 200 you spend on tax payments, utilities, transportation, government services, postal services, etc.
  • Accelerated 12 Reward Points on every Rs. 200 on Travel and Dining Spends (Capped at 2,500 per month).

Rewards Redemption

  • The Reward Points earned are redeemable through Yes Rewardz, for movie/flight/hotel bookings.
  • 1 RP = Re. 0.25 when redeeming against hotel/flight bookings.
  • 1 RP = Rs. 0.25.
  • 10 Reward Points = 1 InterMile for redemption against InterMiles.
  • 10 Reward Points = 1 Club Vistara Point for redemption against Club Vistara Points.

YES Premia Credit Card Fees and Charges

The YES Premia Credit Card has several fees and charges associated with it. Some of the important ones of them are as follows:

Fee Charged
Joining/Annual fee Rs. 999
Interest Charges 3.6% p.m. (42% p.a.)
Foreign Markup Fee 2.75% of the transaction amount
Cash Advance Fee 2.5% (minimum Rs. 250)

YES Premia Credit Card Eligibility Criteria

When applying for the Premia credit card, certain criteria need to be fulfilled by the applicant to be eligible for the card. The details of the same has been mentioned below:

  • To be eligible for the YES Premia Credit Card, the applicant should be between 21 years & 60 years of age.
  • Applicants can be either self-employed or salaried.
  • The applicant’s income should be a minimum of Rs. 1.5 lakhs per month or an Income Tax Return of 14.4 lakhs or more.

Documents Required

Following is the list of documents that are required when applying for the YES Premia Credit Card:

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

How to Apply for YES Premia Credit Card

Follow the steps given below to apply for the card online and if you want to apply for the card offline, visit the bank branch along with all the documents:

  • Visit the YES Bank’s official website.
  • Click on ‘Credit Cards.’
  • Select ‘YES Premia Credit Card.’
  • Click on ‘Apply Now’.
  • Proceed by filling out the application form.

Conclusion

Issued by the YES Bank, the YES Premia Credit Card can be considered an ideal credit card as it has all the key features that one might be looking for in a credit card. It is very much comparable with the SBI Prime Credit Card, which comes with similar privileges. Along with providing exclusive reward offers, the Premia Card comes with exciting travel benefits, discount offers on movies, golf benefits, fuel surcharge waiver, joining/renewal fee waiver, and many more features. One of the best parts of the card is its low foreign currency markup fee, which is just 2.75%. So, along with enjoying all its benefits, you can save a lot on all your foreign currency transactions. Keeping all its benefits in mind, it can hereby be concluded that the YES Premia Credit Card is a significant choice for everyone looking for a card with exclusive benefits. If you are among them, you can definitely go with the YES Premia Credit Card.

FAQs:

Yes, 3 complimentary international lounge access are offered using the Priority Pass. After these 3 complimentary visits, you will be charged a usage fee of $27 + GST every time you access a lounge using the Priority Pass.

To apply for YES Premia Credit Card, follow these simple steps:

  • Visit yesbank.in.
  • Select the option ‘Apply for a new credit card.’
  • Choose YES Premia Credit Card.
  • Click on ‘Apply Now’.
  • You will be redirected to fill a form.
  • Fill in all the details, and complete all the formalities as required by the bank.

The foreign currency markup fee of 2.75% on all foreign currency transactions is applicable on the YES Premia Credit Card.

You on spending Rs. 25,000 or more within the first 90 days after receiving your YES Premia Credit Card you can get the joining fee wavied off.

The reward redemption fee of Rs. 100 on every redemption request is charged on the YES Premia credit card.

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