YES Bank Select Credit Card

The YES Prosperity Edge/Select Credit Card, an upgraded version of the YES Bank Prosperity Edge Card, epitomizes YES Bank’s commitment to providing high-value credit solutions tailored for discerning customers. YES Bank, one of India’s leading private-sector banks, launched this card to offer enhanced rewards and exclusive benefits, reflecting its dedication to customer satisfaction and financial empowerment.

Introduced as part of YES Bank’s strategy to cater to affluent individuals, the YES Prosperity Edge/Select Credit Card offers an impressive array of features you will know in the blog.

YES Prosperity Edge/Select Credit Card: Features and Benefits

1. Milestone Benefits: Earn 15,000 additional Reward Points on total spending of Rs.6 lakhs + in any anniversary year.

2. Travel Benefits:

• Get 1 domestic lounge visit per quarter to some of the lounges in India.
• Priority Pass membership for the International lounges (USD 27 per visit for usage fee).

3. Golf Benefits:

• 4 free rounds of golf per year at any participating golf course.
• It includes one free golf instructional session per thirty days.

4. Fee Waivers:

• Initially, the joining fee is exempted on the spending of Rs. 15000 within the first ninety days.
• The annual renewal fee will not be charged for amounts above Rs. 75,000 in the previous year.

5. Purchase Protection:

• Protects personal belongings from any accidental damages within 6 months provided that they bought the mobile phones or gadgets online.

6. Fuel Surcharge Waiver:

• 5% cashback on fuel surcharge at all the fuel stations across India for transactions between Rs. 400/- and Rs. 5000/-.

7. Other Benefits:

• New members are awarded 500 Reward Points on each successful YES PayNow registration.
• Exclusive deals and a coupon for purchases that provide offers on travel, food and other purchases in certain cities.
• Equipped with a ‘Tap & Pay’ option that allows safe and seamless payments.

YES Prosperity Edge/Select Credit Card: Rewards and Cashback

1. Rewards Structure:
   • Online Purchases: For each Rs.200 spent online, one will earn 8 Reward Points, up to 5,000 points per statement cycle.
   • Offline Purchases: Offline transactions such as over-the-counter purchases and using debit/credit/ smart cards attract 4 Reward Points for every Rs. 200 spent.
   • Select Categories: Get 2 Reward Points for each Rs. 200 spent on insurance, government payments, utilities, education payments, recharges, and rentals.
   • Exclusions: Fuel purchase transactions, conversion to EMI and cash withdrawals are not eligible for Reward Points.
2. Rewards Redemption:
   • Movies, Bill Payments, Charity, and Golf: 1 Reward Point = Rs. 0.10.
   • Hotel/Flight Bookings: 1 Reward Point = Rs. 0.25.
   • Yes Bank rewardz points can be redeemed online via the web portal of Yes Bank.
   • Redemption Fee of Rs. 100 in every redemption request.

YES Prosperity Edge/Select Credit Card Fees and Charges

1. Renewal Fee:
   • Rs. 399 + GST
   • Waived if you spent Rs. 75,000 or more in the previous year.
2. Rewards Redemption Fee:
   • Rs. 100 per redemption request.
3. Foreign Currency Markup:
   • 2.75% on all foreign currency transactions.
4. Interest Rates:
   • 3.8% per month on outstanding balances.
5. Fuel Surcharge:
   • 1% waiver on fuel surcharge at all fuel stations in India for transactions between Rs. 400 and Rs. 5,000.
6. Cash Advance Charges:
   • 3.5% of the amount withdrawn or a minimum of Rs. 300, whichever is higher.
7. Foreign Currency Transaction Fee:
   • 2.75% of the transaction amount.

YES Prosperity Edge/Select Credit Card Product Details

1. The card provides great value to people who spend a lot as it rewards cardholders with 15,000 Reward Points in an anniversary year where spending exceeds Rs. 6 lakhs.
2. Enjoy 4 free rounds of golf annually on selected golf courses and one free golf lesson per month, making this card attractive to golfers.
3. Purchase protection is included for mobile phones and electronics bought online, covering accidental damages for up to 6 months.
4. Online purchases earn 8 Reward Points per Rs. 200, but this is capped at 5,000 points per statement cycle, ensuring rewards are controlled.
5. A 2.75% fee applies on all foreign currency transactions, which can impact costs for international spending.
6. A fee of Rs. 100 is charged for each reward redemption request, which is an important consideration when redeeming points.

YES Prosperity Edge/Select Credit Card Eligibility Criteria

1. Age:
   • Salaried Employees: Must be between 21 and 60 years old.
   • Self-Employed Individuals: Must be between 21 and 60 years old.
2. Income:
   • Salaried Employees: Minimum monthly income of Rs. 60,000.
   • Self-Employed Individuals: Minimum annual income of Rs. 7,20,000, as per Income Tax Return (ITR).
3. Employment Status:
   • Salaried Employees: Must be employed with a reputable organization.
   • Self-Employed Individuals: Must have a stable business or profession with a consistent income.
4. Credit Score:
   • A good credit score is typically required to be eligible. This helps in assessing the applicant’s creditworthiness and ability to manage credit.
5. Residency:
   • Applicants must be Indian residents. Non-residents or individuals with an overseas address may not be eligible.

Documents Required for YES Prosperity Edge/Select Credit Card

1. Proof Of Identity and Residence

Proof of Identity	Proof of Residence
Aadhaar Card	Utility bills (electricity, water, gas) in the applicant’s name (latest)
Passport	Rental agreement
Voter ID	Passport with address
Driver’s License	Bank statements showing the current address

2. Proof of Income:

Salaried Employees	➡ Latest salary slips (last 2-3 months) ➡ Bank statements showing salary credits (last 3-6 months)
Self-Employed Individuals	➡ Income Tax Returns (ITR) for the last 2 years ➡ Bank statements (last 6 months) reflecting business income

3. Photographs:

Passport-size photographs (if required)

How to Activate YES Prosperity Edge/Select Credit Card

1. Net Banking:

1. Log in to the YES Bank Net Banking portal.
2. Go to the “Credit Cards” section.
3. Select “Activate Credit Card.”
4. Enter the required details (card number, date of birth, etc.).
5. Confirm and submit to complete activation.

2. Mobile App:

1. Open the YES Bank Mobile App.
2. Log in with your credentials.
3. Go to the “Credit Cards” section.
4. Tap on “Activate Credit Card.”
5. Enter the required information and follow the prompts to activate.

3. Activation Page:

1. Visit the YES Bank credit card activation page.
2. Enter your card number and other requested details.
3. Follow the on-screen instructions to complete the activation process.
4. Submit the form to activate your card.

FAQs