YES Premia/Elite+ Credit Card: Specifications, Benefits & Apply Online

The YES Premia/Elite+ Credit Card is the perfect credit card for you if you tend to travel and shop a lot using credit cards. This credit card provides all its cardholders with many benefits and rewards, like international lounge access, reward offers on your various expenditures, movie reward offers, and so much more. 

Let us dive in deep into the YES Premia/Elite+ Credit Card and see all its specifications in detail.

Fees and Charges

Spend-Based Waiver

• Joining Fee Waiver: If you spend ₹20,000 in the first 30 days after getting your YES Premia/Elite+ Credit Card, you don’t have to pay the joining fee.
• Annual Fee Waiver: If you spend ₹2 lakh or more in a year, you won’t have to pay the yearly fee.

Rewards Redemption Fee

• Fee for Redeeming Rewards: It costs ₹100 plus GST when you use your rewards points with the YES Premia/Elite+ Credit Card.

Foreign Currency Markup

• Fee for Using Other Currencies: If you spend money in a different country or foreign currency, there’s a 2.75% extra charge.

Interest Rates

• Interest for Late Payments: You’ll be charged 3.8% every month, which is 45.6% for the whole year if you don’t pay your YES Premia/Elite+ Credit Card bill on time.

Fuel Surcharge

• Fuel Charge Waiver: If you buy fuel using your YES Premia/Elite+ Credit Card, you get 1% off on amounts between Rs. 400 and Rs. 5,000.

Cash Advance Charges

YES Premia/Elite+ Credit Card Details

• Reward Points for Bills and Services: You receive 4 reward points for every ₹200 you spend on items such as utilities, government services, insurance, education, and rent with your YES Premia/Elite+ Credit Card.
• Extra Reward Points for Online Spending: You earn 12 reward points for every ₹200 you spend online with the YES Premia/Elite+ Credit Card.
• Discount on Movie Tickets: Get a 25% discount on movie tickets when you book them through BookMyShow using the YES Premia/Elite+ Credit Card.
• Free International Lounge Access: Enjoy 3 free visits to international airport lounges every year.
• Free Domestic Lounge Access: You can use airport lounges in India for free 2 times every quarter (3 months).
• Free Golf Lessons: Get 1 free golf lesson each month with your YES Premia/Elite+ Credit Card.
• Joining and Annual Fee Waiver: If you meet the spending goals, your joining and annual fees will be waived.
• Low Foreign Currency Fee: When you use your YES Premia/Elite+ Credit Card in another country, you only pay a small fee of 2.75% on foreign currency spending.

Reward Offers of YES Premia/Elite+ Credit Card

Movie & Dining

• Discount on Movie Tickets: You receive a 25% discount on movie tickets when you book through BookMyShow with your YES Premia/Elite+ Credit Card.
• Discount on Dining: Enjoy up to 25% off at some restaurants when you dine out.

Rewards Rate

• Online Shopping Rewards: You can earn 12 reward points for each ₹200 spent on online purchases.
• Offline Shopping Rewards: You earn 6 reward points for every ₹200 spent in stores.
• Special Categories Rewards: Get 4 reward points for things like insurance, education, and rent.

Reward Redemption

• Using Your Reward Points: You can use your reward points through Yes Rewardz. Every point is worth Re. 0.25 when booking hotels or flights.

Domestic Lounge Access

• Free Domestic Lounge Visits: You get 2 free airport lounge visits in India every 3 months.

International Lounge Access

• Free International Lounge Visits: Enjoy 3 free visits to international airport lounges in a year.

Golf

• Free Golf and Lessons: Get 4 times free entry to golf courses and 1 free golf lesson every month at selected places in India.

Insurance Benefits

• Credit and Purchase Protection: You get a ₹3 lakh credit shield cover and protection for your purchases with the YES Premia/Elite+ Credit Card.

Reward Redemption for YES Premia/Elite+ Credit Card

• Using Your Reward Points: The points you collect through Yes Rewardz can be used to book movies, flights, or hotels.
• Value of Points: Each reward point is worth ₹0.25 when you use it for hotel or flight bookings.
• Club Vistara Points: If you have 10 reward points, you can turn them into 1 Club Vistara point.

Benefits of YES Premia/Elite+ Credit Card

• Joining and Renewal Fee Waiver: If you spend ₹20,000 in the first 30 days after getting the card, you won’t have to pay the joining fee. If you spend ₹2 lakh or more in a year, you won’t pay the annual renewal fee either.
• Free Domestic Airport Lounge Access: You can go to domestic airport lounges for free 2 times every 3 months, which means 8 times a year. Starting April 1, 2024, you’ll need to spend a certain amount to access lounges:
• April – June: Spend ₹10,000
• July – September: Spend ₹35,000
• Complimentary Airport Lounge Access Outside India: You get to visit airport lounges outside India for free 3 times a year with your YES Elite+ Credit Card.
• Movie Benefits: Enjoy a 25% discount on movie tickets when you book through BookMyShow. You can save up to ₹250 each month, which adds up to ₹3,000 a year.
• Golf Benefits: You can enjoy 4 complimentary rounds of golf at select courses in India. Additionally, you’ll receive 1 free golf lesson each month at designated golf locations.
• Insurance Benefits: You have a credit shield cover worth ₹3 lakhs. If your card gets lost, you’re covered for ₹3 lakhs, and you also have a Purchase Protection Plan for up to ₹50,000.
• Fuel Surcharge Waiver: If you buy fuel and spend between ₹400 and ₹5,000, you get 1% off the fuel surcharge. You can save up to ₹250 every month with this benefit.
• Low Foreign Currency Markup Fee: When you use your YES Premia/Elite+ Credit Card in other countries, there’s only a small fee of 2.75%, so you save money.
• Dining Benefits: You can get up to 25% off at more than 1,000 restaurants with the Yes Bank Dining Fiesta program.

Eligibility Criteria for YES Premia/Elite+ Credit Card

• Age Requirement: To qualify for the YES ELITE+ Credit Card, you must be between 21 and 60 years of age.
• Job Requirement: You can apply whether you work for yourself or have a job where you get a salary.
• Income Requirement: You must earn at least ₹1 lakh every month or have an Income Tax Return (ITR) of ₹9 lakhs or more per year.

YES Premia/Elite+ Credit Card Details

The procedure of Applying for the YES ELITE+ Credit Card Online:

• Step 1: Click on the button that shows ‘Apply Now’.
• Step 2: You will go to the application page.
• Step 3: Next, you have to fill out the form and insert all your details.
• Step 4: Submit your application.

For Offline Application:

• You can visit a bank branch to apply for the card in person.

Conclusion

The YES Premia/Elite+ Credit Card is a great choice for people who love to travel and shop. It offers many benefits like reward points, discounts on movies and dining, free lounge access, and insurance coverage. With various ways to earn and redeem rewards, this card makes spending more fun. If you meet the eligibility criteria, it could be a valuable addition to your wallet.

FAQs