YES Bank BYOC Credit Card

The YES Bank BYOC Credit Card, launched in early 2023, is a groundbreaking offering in the credit card market designed to provide an exceptional level of customisation and flexibility for cardholders. BYOC stands for ‘Build Your Own Card,’ a unique concept that allows customers to tailor both the physical design and the reward structure of their credit card to suit individual preferences and spending habits. 

With a modest monthly membership fee of Rs. 49 plus GST, this card provides an array of options, including a choice between a standard plastic card, an eco-friendly variant, or a premium metal card, catering to diverse customer needs and environmental considerations.

This innovative product is positioned as a direct competitor to the AU Bank LIT Credit Card, offering distinctive features that appeal to a wide range of consumers looking for both basic rewards and advanced privileges. 

This card is particularly suited for individuals who seek both practicality and prestige in their credit card experience, offering a balance of everyday rewards and premium perks. As YES Bank’s latest innovation, the BYOC Credit Card aims to redefine how credit card benefits and features can be personalised for a better customer experience.

Feed and Charges

Fee Type	Details
Rewards Redemption Fee	NA
Spend-Based Waiver	NA
Interest Rates	Up to 3.5% per month (42% annually)
Late Payment Fees	Up to Rs. 700
Cash Advance Fees	2.5% of Transaction Amount: Minimum Rs. 300
Overlimit Fee	2.5% of Overlimit Amount: Minimum Rs. 500
Foreign Currency Transaction Fee	3.5% of Transaction Amount
Card Replacement Fee	➡ Domestic: Rs. 100 ➡ International: Rs. 1,000

Reward and Benefits

1. Rewards Structure
   • Cash Back: 1% cashback on all retail spends
   • Reward Points: 8 Reward Points per Rs. 200 spent
2. Reward Redemption
   • Redemption Portal: YesRewardz
   • Value: 1 Reward Point = up to Re. 0.25
3. Cashback: Credited automatically
4. Travel
   • Domestic Lounge Access: 1 complimentary access per quarter
5. Golf
   • Free Golf Rounds: 4 per year
   • Golf Lessons: 1 complimentary lesson per month
6. Fuel Surcharge Waiver: 1% on all fuel transactions in India

Product Details

• Choose between a metal card (Rs. 3,499 one-time fee), an eco-friendly card (Rs. 249 one-time fee), or a regular plastic card (no additional charge).
• Opt for 1% cashback on retail spends or 8 Reward Points per Rs. 200 spent, allowing you to maximise benefits based on your spending habits.
• Enhance your rewards by selecting one of three plans (Silver, Gold, Platinum) with fees ranging from Rs. 99 to Rs. 249 plus taxes, covering merchants like Swiggy, Uber, Pharmeasy, BookMyShow, and BigBasket.
• Enjoy 1 complimentary domestic airport lounge access per quarter, enhancing your travel experience.
• Get 4 complimentary rounds of golf annually and 1 free golf lesson each month, perfect for golf enthusiasts.
• Receive a 1% waiver on fuel transactions across all fuel stations in India, adding up to significant savings.
• Redeem Reward Points via the YesRewardz portal, where 1 Reward Point equals up to Re. 0.25, or receive cashback automatically credited to your account.

YES Bank BYOC Credit Card Advantages and Disadvantages

Advantages:

1. Flexible Rewards: Opt for either 1% cashback on retail spends or 8 Reward Points per Rs. 200, allowing cardholders to tailor rewards to their spending habits.
2. Accelerated Rewards Plans: Enhance earnings with Silver, Gold, and Platinum plans, covering popular merchants like Swiggy, Uber, and BookMyShow.
3. Travel Perks: Enjoy complimentary domestic airport lounge access once per quarter, enhancing travel convenience and comfort.
4. Golf Benefits: Access 4 complimentary golf rounds annually and 1 free golf lesson monthly, catering to golf enthusiasts.
5. Fuel Savings: Benefit from a 1% fuel surcharge waiver on all transactions across India, leading to significant savings over time.

Disadvantages:

1. Customisation Fees: Additional one-time fees for metal (Rs. 3,499) and eco-friendly (Rs. 249) cards, which may be a deterrent for some users.
2. No Welcome Benefits: Lack of initial welcome offers or bonus points, which are common with many other credit cards.
3. Eligibility Criteria: Strict eligibility requirements, including a minimum income and credit score, which may exclude some potential applicants.

YES Bank BYOC Credit Card Features and Benefits

1. Customisation Options
   • Metal Card: Rs. 3,499 one-time fee for a premium feel and durability.
   • Eco-Friendly Card: Rs. 249 one-time fee, made from recycled materials.
   • Regular Plastic Card: No additional charges for a standard card option.
   • Image Personalization: Rs. 149 one-time fee to add a custom image to your card.
2. Domestic Lounge Access:
   • Benefit: 1 complimentary access per quarter.
   • Value: 4 complimentary accesses per year.
3. Golf Privileges
   • Benefit: 4 free rounds of golf each year.
   • Value: Significant savings for golf enthusiasts.
4. Fuel Surcharge Waiver
   • Discount: 1% on fuel transactions.
   • Application: Applied across all fuel stations in India.
5. Comprehensive Security Features
   • Fraud Protection: Advanced security measures for online and offline transactions.
   • Safety: Protects your account from unauthorised transactions and fraud.

YES Bank BYOC Credit Card Reward Offers

#1. Flexible Rewards Program

1. Cashback Option:
   • Rate: 1% cashback on all retail purchases.
   • Application: Cashback is automatically credited to your account.
2. Reward Points Option:
   • Rate: 8 Reward Points for every Rs. 200 spent.
   • Redemption Value: 1 Reward Point = up to Re. 0.25 on the YesRewardz portal.

#2. Accelerated Cashback Plans

1. Silver Plan:
   • Fee: Rs. 99 + taxes.
   • Benefit: Earn cashback at 2 selected merchants out of 5.
   • Merchants: Swiggy, Uber, Pharmeasy, BookMyShow, BigBasket.
2. Gold Plan:
   • Fee: Rs. 149 + taxes.
   • Benefit: Earn cashback at 3 selected merchants out of 5.
   • Merchants: Swiggy, Uber, Pharmeasy, BookMyShow, BigBasket.
3. Platinum Plan:
   • Fee: Rs. 249 + taxes.
   • Benefit: Earn cashback at all 5 selected merchants.
   • Merchants: Swiggy, Uber, Pharmeasy, BookMyShow, BigBasket.

#3. Reward Redemption Options

1. YesRewardz Portal:
   • Value: 1 Reward Point = up to Re. 0.25.
   • Options: Redeem points for gifts, vouchers, or merchandise.
   • Convenience: User-friendly online portal for point management and redemption
2. Cashback:
   • Automatic Credit: Cashback earned through retail spending is directly credited to your account.

YES Bank BYOC Credit Card Fees and Charges

#1. Customisation Fees

Metal Card	Rs. 3,499 (one-time fee)
Eco-Friendly Card	Rs. 249 (one-time fee)
Regular Plastic Card	No additional charges
Image Personalization	Rs. 149 (one-time fee)

#2. Late Payment Fees

Up to Rs. 500	Rs. 100
Rs. 501 to Rs. 5,000	Rs. 400
Rs. 5,001 to Rs. 20,000	Rs. 500
Above Rs. 20,000	Rs. 700

#3. Other Fees

Over-limit Fee	Up to Rs. 500
Card Replacement Fee	Rs. 100
Statement Retrieval	Rs. 100 per statement
Foreign Currency Transaction	3.5% of the transaction amount
Cash Withdrawal Fee	2.5% of the transaction amount, minimum Rs. 300
Finance Charges	Up to 3.5% per month (42% annually) on revolving credit
Auto Debit Bounce	Rs. 250
Cash Payment Fee	Rs. 100 per payment

Travel Benefits Available on YES Bank BYOC Credit Card

A. Complimentary Domestic Lounge Access

Benefit	Enjoy access to domestic airport lounges.
Frequency	1 complimentary lounge access per quarter.
Annual Value	4 complimentary lounge accesses per year.
Eligible Airports	Available at various major airports across India.
How to Avail	Present your YES Bank BYOC Credit Card at the lounge for access.

B. Travel Rewards Options

Cashback Option	1% cashback on all retail spends.
Reward Points Option	8 Reward Points for every Rs. 200 spent.
Redemption	Points can be redeemed for travel-related rewards or other benefits on the YesRewardz portal.

C. 24/7 Customer Support

Benefit	Assistance during travel.
Availability	Round-the-clock customer service for travel-related queries and support.
Contact	Access customer support via phone, email, or Yes Bank’s mobile app.

Why Choose the YES Bank BYOC Credit Card?

• Flexible Rewards: Cashback or Reward Points, with accelerated cashback plans for selected merchants.
• Eco-Friendly Option: For environmentally conscious consumers, the eco-friendly card option provides a sustainable choice.
• Image Personalization: This unique feature allows you to design a card that reflects your personality or business.
• No Foreign Transaction Fees: A rare feature among credit cards, especially for frequent travellers.
• Monthly Golf Lesson: Many cards offer golf rounds, but monthly lessons are a standout feature.
• Comprehensive Travel Support: Emergency card replacement and travel-related offers that go beyond basic travel insurance.

YES Bank BYOC Credit Card: Terms and Conditions

• Image Personalization Charges: A one-time fee of Rs. 149 is applicable for personalising the card’s image. This fee is non-refundable and will be charged even if you cancel the customisation process.
• Emergency Card Replacement Fees: While the card offers emergency replacement services, the fees associated with it can vary depending on the location and the urgency of the replacement. You might incur additional costs for expedited services.
• Complimentary Lounge Access Eligibility: Complimentary lounge access is subject to lounge availability. During peak hours or high travel seasons, you might not always get access despite having the benefit.
• Golf Privileges Booking Restrictions: Complimentary golf rounds and lessons must be booked in advance through designated YES Bank channels. Availability is not guaranteed, and you might face restrictions based on the golf course’s schedule.
• Reward Points Expiry: Reward Points accumulated through the credit card may have an expiry date. Typically, points expire 36 months from the date they were earned, which can affect long-term reward planning.
• No Rewards on Certain Transactions: Reward Points and cashback are not earned on fuel purchases, cash withdrawals, EMI payments, and credit card fees. Be aware of these exclusions to maximise your rewards.
• Cashback Cap on Selected Merchants: While you can earn accelerated cashback on selected merchants through the Silver, Gold, or Platinum plans, the total cashback earned may have a cap per merchant per month.
• Dispute Resolution Timeframe: Any disputes or discrepancies must be reported within 60 days of the transaction date. Issues reported after this period might not be addressed or resolved by YES Bank.

Who Can Apply for the YES Bank BYOC Credit Card?

1. Age Requirements
   • Minimum Age: 21 years
   • Maximum Age: 60 years
2. Employment Status
   • Salaried Individuals: Must have a monthly income of at least Rs. 25,000.
   • Self-Employed Individuals: Must have a minimum annual income of Rs. 5 lakhs, as evidenced by Income Tax Returns (ITR).
3. Credit Score Requirements
   • Minimum Credit Score: A good credit score is required, generally above 750.
4. Residency Status
5. Eligibility: Must be a resident of India.

Documentation Needed for YES Bank BYOC Credit Card

When applying for the YES Bank BYOC Credit Card, you’ll need to provide specific documents to verify your identity, address, and financial status. Here’s a detailed overview of the required documentation, including why each document is necessary and what it entails.

#1. Identity And Address Proof

Identity Proof	Address Proof
Aadhar Card	Aadhar Card
PAN Card	Passport
Passport	Ration Card
Voter’s ID	Recent Utility Bills
Driving License	–

#2. Income Proof

1. For Salaried Individuals:
   • Latest Salary Slips: Must include recent payslips, typically for the last 2-3 months.
   • Bank Statements: Recent statements showing salary deposits of at least Rs. 25,000 per month for the last 3 months.
2. For Self-Employed Individuals:
   • Latest Income Tax Returns (ITR): Must include the most recent ITR filed of at least Rs. 5 lakhs, usually for the last financial year.
   • Audited Financial Statements: Financial statements audited by a CA, including profit and loss statements.
3. Recent Photograph: A passport-sized photograph might be required in some cases.
4. Additional Documents (If Required): YES Bank might request additional documents based on specific criteria or discrepancies.

Application Process for YES Bank BYOC Credit Card

• Visit the YES Bank Website: Access the official YES Bank website and go to the credit card section.
• Click on “Apply Now”: Select the YES Bank BYOC Credit Card and start your application by clicking the “Apply Now” button.
• Fill Out the Application Form: Enter your personal details, choose your card variant and rewards plan, and complete the application form.
• Submit the Form: Review your information and submit the completed application form.
• Receive a Confirmation: Confirm your submission through a confirmation message or email from YES Bank.
• Wait for Approval and Card Delivery: Await the approval process and card delivery to your registered address.

FAQs