YES Prosperity Edge/Select Credit Card – Rewards & Apply Online

The package which the YES Prosperity Edge Credit Card became morphs into the YES Select Credit Card is defined with customers in mind: a suite of benefits aimed at getting maximum of savings, a lifestyle experience, and every day accomplishing tasks financially rewarding. From wide-ranging offers and multiple categories, the YES Select Credit Card is just as perfect for most people looking to save through reward points and other value-added perks.

In this all-inclusive guide, we’ll cover its features, benefits, eligibility criteria, and the application process for the YES Select Credit Card to be able to see if it is one you need for your own financial purposes.

YES Prosperity Edge/Select Credit Card

YES Prosperity Edge was first issued as a Select Credit Card, designed to increase prosperity for cardholders, as one would guess from the name alone. It provides special rewards on routine expenditure and enables users to collect points that they can use towards acquiring a host of benefits. 

With benefits available for shopping, travel, dining, and even recreational activities like golf, the YES Select Credit Card has something in store for everyone. Along with its very reasonable joining and renewal fees, the fee-waiver options add to its appeal as an extremely rewarding and practical credit card.

Key Features of YES Select Credit Card

1. Joining and Renewal Fees:

• Joining Fee: Rs. 399 + GST.
• Renewal Fee: Rs. 399 + GST.
• A joining fee waiver opportunity is provided, and the renewal fee could also be waived when a cardholder spends Rs. 75,000 or more in the previous year and, for the joining fee when the cardholder spends Rs. 15,000 or more within the first 90 days of receiving the card.

2. Reward Points System: The YES Select Credit Card comes with a tiered reward points system, which ensures users earn rewards for their online and offline spending:

• Online Spending: Earn 8 Reward Points (RPs) for every Rs. 200 spent online. These points are capped at 5,000 RPs per statement cycle, making it highly attractive for frequent online shoppers.
• Offline Spending: At all in-store offline spends, a 4 RPs accrue for every Rs. 200 spent.
• Other Categories: For categories such as utility payments, insurance premiums, fees or tuition for education, government collections, and wallet recharge at selected categories, 2 RPs accrue per Rs. 200 spent. RPs not accrued on spending on fuel, converting transactions to EMIs, and cash withdrawals.

3. Reward Redemption: The reward points redeemed on the YES Bank Rewards Portal can be issued for a variety of products and services, including:

• Hotel and Flight Bookings: 1 Reward Point = Rs.0.25 for hotel and flight bookings.
• Gift Vouchers and Products: When redeemed for vouchers or items from the product catalog, each point equals Rs. 0.10.
• Movies and Bill Payments: Points can also be used for movie bookings and bill payments.
• YES Bank levies a nominal fee for redemptions that is Rs. 100 to ensure that cardholders enjoy maximum rewards at minimum cost.

4. Milestone Rewards: YES Bank also offers milestone rewards to the bigger spenders:

• Cardholders enjoy 15,000 Reward Points when they spend more than Rs. 6 lakhs in one year.

Travel and Lifestyle Benefits

1. Travel Benefits: For frequent fliers, the YES Select Credit Card has a lot in store:

• Domestic Lounge Access: A cardholder gets 1 free lounge access per quarter through more than 30 domestic airport lounges in India. This provides travelers with the comfort of an airport lounge at no cost, making travel more enjoyable for them.
• International Lounge Access: The cardholder can enjoy international lounge access through the Priority Pass membership. While the membership itself is free, each visit is charged USD 27 per person, providing access to premium facilities at airports worldwide.

2. Golf Benefits: Golf lovers also receive generous benefits from the YES Select Credit Card:

• Cardholders receive 4 rounds of green fees at no extra cost each calendar year, absolutely free, on selected golf courses within India.
• In addition, they can take advantage of 1 complimentary golf lesson per calendar month, thereby enhancing their game without additional expense.

3. Purchase Protection: Cardholders also enjoy protection for purchases made through the card, particularly for mobile phones and electronics:

• Purchases are covered for accidental damage for a period of 6 months, thus providing peace of mind and additional security to value items.

Special Offers and Additional Benefits

1. YES PayNow Rewards: As an incentive to use the YES PayNow service, cardholders can earn 500 Reward Points on every successful registration. The use of YES PayNow allows users to set up a direct debit arrangement for paying utility bills, rent, insurance premiums, and other regular payments, adding convenience and minimizing the risk of failure to pay.

2. Exclusive Offers: The YES Select Credit Card offers exclusive deals and discounts on travel, shopping, and dining in select cities of India. YES Bank’s partnerships with a host of merchants and service providers help the cardholders enjoy a carefully selected set of offers that best suit their spending behavior.

3. Contactless Payment Technology: The card is outfitted with contactless payment technology that will make the consumers pay at outlet stores with a touch. This facilitates quicker transaction processes and enhances security as well since the card never has to leave the owner’s hand at the time of transacting.

Joining and Renewal Fee Waivers

A standout feature of the YES Select Credit Card is its fee waiver policy. The joining fee of Rs. 399 + GST is waived if the cardholder spends over Rs. 15,000 within the first 90 days of receiving the card. Similarly, the renewal fee of Rs. 399 + GST is waived if the cardholder spends Rs. 75,000 or more in the previous year. This makes the card effectively free for users who regularly meet these spending thresholds, allowing them to enjoy the card’s numerous benefits without worrying about additional costs.

Eligibility Criteria for YES Select Credit Card

The eligibility criteria for the YES Select Credit Card are straightforward, making it accessible to a wide range of applicants:

• Salaried Employees:
  • Age: 21 years to 60 years.
  • Minimum monthly income: Rs. 60,000.
• Self-Employed Individuals:
  • Age: 21 years to 60 years.
  • Minimum annual income: Rs. 7,20,000 (as per Income Tax Returns).

Eligible applicants may apply for the YES Select Credit Card and can enjoy many benefits it offers.

How to Apply for the YES Select Credit Card

Yes, the application process for the YES Select Credit Card is very simple and you can apply from your computer or through any YES Bank branch.

1. Online Application:

• Log on to the website of the official YES Bank.
• Log in to the website and select the YES Select Credit Card.
• Fill up the application form with personal, professional, and financial information.
• Attach required documents such as proof of identity, proof of residence, and proof of income including salary slips or ITR.

2. In-Person Application:

• Applicants can visit a YES Bank branch with the required documents.
• Fill out the application form provided by the bank staff.
• Submit the form along with the necessary documents for verification.

After the verification process is successful, applicants will be issued their YES Select Credit Card within a couple of working days

Review of YES Select Credit Card

The YES Select Credit Card is highly recommended for those who are looking for reward and lifestyle balance. Golf and travel perks create a difference that puts it in the league when compared to many cards within its category. Its robust rewards combined with the possibility of fee waiver make it a highly desirable card for frequent spenders and travelers alike.

This credit card, with its excellent value proposition for a saver who likes to use reward points, is appealing to a wide demographic of shoppers, travelers, and golf enthusiasts due to features such as purchase protection and lounge access. Even the waiver of the joining fee and the renewal fee make it cost-efficient for people who can meet the spending thresholds.

Conclusion

One of the best credit cards for rewards and excellent benefits for nearly every category can be the YES Bank‘s YES Select Credit Card. It will offer one of the most generous reward points on both online and offline, as special privileges such as lounge access, golf lessons, and purchase protection.

The YES Select Credit Card is designed to help you spend more and throw open the savings doors as well. The terms are understandable, and the probability of waivers guarantees that reward points are utilized at maximum potential without unwanted fees.

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