Yes Bank
YES BANK ACE Credit Card
This is an invite only card
Apply and get ₹700 Rewards
Top Benefits
4 YES Rewardz Points
per ₹200 spent on offline shopping
8 YES Rewardz Points
per ₹200 spent on online shopping, up to 5,000 points per month
Best For
Shopping
The YES BANK ACE Credit Card is a beginner-friendly rewards card designed for individuals who want stra...
Read More
Read Less
The YES BANK ACE Credit Card is a beginner-friendly rewards card designed for individuals who want stra...
The YES BANK ACE Credit Card is a beginner-friendly rewards card designed for individuals who want straightforward value on their everyday spending. If you prefer shopping online and want to earn consistent reward points without navigating complex merchant restrictions, this card offers a solid starting point. It provides a simple earning structure where online purchases reward you at double the rate of your offline shopping.
Built for entry-level professionals and first-time credit card users, the card requires a modest monthly salary of Rs. 25,000. It stands out from premium cards by keeping the annual fee low at just Rs. 499, which you can easily wipe out by hitting an achievable spending target. You also get valuable secondary perks like purchase protection and credit shield coverage, giving you peace of mind while you shop.
Whether you are buying groceries, paying for subscriptions, or ordering new clothes online, the YES BANK ACE Credit Card converts your regular expenses into tangible savings. With a transparent reward redemption portal and practical fee waivers, this card focuses on delivering steady, reliable utility for the modern shopper.
View FAQ
Commonly Asked Questions
Is the YES BANK ACE Credit Card lifetime free?
No, the card is not lifetime free by default. It carries a joining fee of Rs. 499 and an annual renewal fee of Rs. 499, though both can be waived if you meet specific spending targets.
Is the YES BANK ACE Credit Card a good credit card?
Yes, it is a great starter card for online shoppers. You earn 8 YES Rewardz points per Rs. 200 spent online, enjoy purchase protection up to Rs. 50,000, and can easily get your annual fee reversed.
Who should apply for this card?
This card is ideal for entry-level professionals, salaried employees earning at least Rs. 3 lakh annually, and online shopping enthusiasts who want a low-maintenance rewards card.
Does this card offer airport lounge access?
No, this card does not offer any airport or railway lounge benefits. It focuses primarily on shopping rewards and purchase protection features.
Expert Review
In my opinion, the YES BANK ACE Credit Card serves a very specific and useful purpose: giving young professionals a low-stress entry into the world of credit card rewards. The best thing about this card is how realistic the fee waivers are. Spending Rs. 5,000 in a month to waive the Rs. 499 joining fee is something anyone buying weekly groceries can hit. The Rs. 50,000 annual waiver target is equally accessible, breaking down to just over Rs. 4,000 a month.
However, the card does have notable drawbacks. The 1% effective reward rate for online shopping is quite low when compared to heavy hitters in the market like the SBI Cashback Card, which offers 5%. Additionally, charging a Rs. 100 fee every time you want to redeem your hard-earned reward points eats into the value you generate from that already modest 1% return.
Overall, I recommend the YES BANK ACE Credit Card if your salary strictly hovers around the Rs. 3 Lakh mark and you want a basic, reliable card with added purchase protection. But if your income is higher and you spend upwards of Rs. 2 Lakhs a year online, you are better off upgrading to a premium 5% cashback card.
Joining / Annual Fee
Joining Fees
₹589 ( ₹499 + GST )
Annual Fees
₹589 ( ₹499 + GST )
The fee structure of the YES BANK ACE Credit Card is highly economical and designed to reward active us...
Read MoreRead Less
The fee structure of the YES BANK ACE Credit Card is highly economical and designed to reward active us...
The fee structure of the YES BANK ACE Credit Card is highly economical and designed to reward active users. When the bank issues your new card, you are charged a one-time joining fee of Rs. 499 (plus applicable GST). However, as explained earlier, you can easily erase this fee by spending Rs. 5,000 within your first 30 days of holding the card.
From the second year onward, the bank charges a recurring annual renewal fee of Rs. 499 (plus GST). You do not have to pay this fee if you use your card regularly for your daily expenses. The bank completely waives the renewal fee if you spend Rs. 50,000 or more in the 12 months prior to your renewal date.
Breaking this down mathematically makes it look incredibly simple. To hit a Rs. 50,000 annual target, you only need to spend about Rs. 4,167 per month on your card. If you use this card simply to pay your monthly internet bill, order food a few times, and buy groceries, you will comfortably cross the Rs. 50,000 mark and enjoy the card for zero effective cost year after year.
View FAQ
Commonly Asked Questions
What is the joining fee for this card?
The one-time joining fee is Rs. 499 plus applicable GST, which is billed in your first card statement.
Can the joining fee be waived?
Yes, the joining fee is fully reversed if you spend Rs. 5,000 or more within the first 1 month of your card being set up.
What is the annual or renewal fee?
From the second year onwards, an annual renewal fee of Rs. 499 plus GST is charged to your card account.
Is there an annual fee waiver option?
Yes, the annual renewal fee is reversed if you spend Rs. 50,000 or more during the 12 months before your renewal date.
How much do I need to spend monthly to get the fee waiver?
To reach the Rs. 50,000 annual target, you need an average monthly spend of roughly Rs. 4,167 on your card.
Does the Rs. 50,000 target include the joining fee amount?
No, card fees and charges do not count toward your milestone spending targets. Only actual retail purchases qualify.
What happens if I only spend Rs. 45,000 in a year?
If you fail to meet the Rs. 50,000 spending threshold, the bank will charge the full Rs. 499 renewal fee plus GST to your account.
Are cash withdrawals counted toward the annual fee waiver target?
Retail transactions are the only spends that count toward the Rs. 50,000 annual spending milestone; ATM cash withdrawals are strictly excluded.
Eligibility
Age
Criteria*
21-60 years
Salary
Criteria*
3LPA
Credit
Rating*
720+
New to credit
allowed
Yes
Existing Bank
Customer Allowed
No
Getting approved for the YES BANK ACE Credit Card is a straightforward process, provided you meet the b...
Read MoreRead Less
Getting approved for the YES BANK ACE Credit Card is a straightforward process, provided you meet the b...
Getting approved for the YES BANK ACE Credit Card is a straightforward process, provided you meet the bank's defined parameters. The bank has kept the income requirements highly accessible, making this an excellent choice for young professionals just starting their careers or self-employed individuals running small businesses.
First, age plays a crucial role. The primary applicant must be between 21 and 60 years old at the time of application. This age bracket applies equally whether you are a salaried employee working for a corporation or a self-employed individual managing your own enterprise.
Your income is the next major pillar of eligibility. Salaried applicants must have a minimum monthly income of Rs. 25,000, which equals an annual income requirement of Rs. 3 lakh. Self-employed applicants must also demonstrate a minimum annual income of Rs. 3 lakh through their Income Tax Returns. For example, if you run a freelance graphic design business and your latest ITR shows a net profit of Rs. 3.5 lakh, you comfortably meet the income criteria.
Finally, your credit history must reflect responsible borrowing behavior. YES BANK requires a minimum CRIF score of 720 to process your application. A score of 720 or above shows the bank that you pay your existing loans and credit card bills on time, minimizing their lending risk.
View FAQ
Commonly Asked Questions
What is the minimum age to apply for this card?
The primary applicant must be at least 21 years old at the time of application to be eligible for this card.
What is the maximum age limit for the primary cardholder?
The upper age limit for eligibility is 60 years at the time you submit your application.
What is the minimum salary required for salaried applicants?
Salaried individuals need a minimum monthly income of Rs. 25,000 to qualify. This equates to a total annual income requirement of Rs. 3 lakh.
What is the minimum annual income for self-employed applicants?
Self-employed professionals and business owners must demonstrate an annual income of at least Rs. 3 lakh, usually via recent tax returns.
Can self-employed individuals apply for this card?
Yes, both salaried employees and self-employed individuals can apply for the YES BANK ACE Credit Card, provided they meet the age and income rules.
What credit score is needed for approval?
A minimum CRIF credit score of 720 or above is required as per the bank's eligibility criteria.
Will my application be rejected if my credit score is 700?
Since the bank requires a CRIF score of 720 or above, a score of 700 will result in rejection as it falls below the established approval threshold.
Can students apply for this card?
Students do not meet the minimum Rs. 3 lakh annual income requirement unless they are working professionals with verifiable salary income.
All Card Benefits
- Earn 8 YES Rewardz Points on every ₹200 spent on online shopping and 4 YES Rewardz Points on every ₹200 spent on offline shopping
- Earn 2 YES Rewardz Points on every ₹200 spent on Select categories (utilities, insurance, education, etc.)
- Reward points are capped at 5,000 per statement cycle
- Enjoy a Buy 1 Get 1 offer on coffee at select malls across India
Welcome Benefits
The card makes it incredibly easy to recover your initial upfront cost. When your c...
Read MoreRead Less
Welcome Benefits The card makes it incredibly easy to recover your initial upfront cost. When your c...
Welcome Benefits
The card makes it incredibly easy to recover your initial upfront cost. When your card is issued, the bank charges a joining fee of Rs. 499. However, this fee is fully reversed if you spend Rs. 5,000 within the first 30 days of card setup. For example, if you use the card to pay a Rs. 2,000 broadband bill and buy Rs. 3,000 worth of groceries in your first month, the bank will automatically reverse the Rs. 499 joining fee on your statement. This straightforward waiver condition ensures you start your credit journey without any sunk costs.
Reward Points Structure
The core appeal of the YES BANK ACE Credit Card lies in its dual-tier reward point system. You earn 8 YES Rewardz points for every Rs. 200 you spend on online shopping. Since each point is worth Rs. 0.25, earning 8 points gives you Rs. 2 in value. This translates to a 1% effective return on your online spending. For example, if you buy a smartphone online for Rs. 20,000, you will earn 800 reward points, which holds a redemption value of Rs. 200.
For your offline purchases, the card offers 4 YES Rewardz points for every Rs. 200 spent. This cuts the reward rate in half, giving you a 0.5% effective return at physical stores. If you spend Rs. 10,000 at a local supermarket, you will gather 200 reward points, giving you Rs. 50 in value. While the offline rate is modest, the accelerated online rate makes this card highly beneficial for e-commerce shoppers.
Insurance and Protection Benefits
Financial security is a major highlight of this card. It provides a Purchase Protection Cover of up to Rs. 50,000. If an item you recently bought with the card suffers accidental damage, this insurance can help cover the loss. For example, if you buy a brand-new tablet for Rs. 30,000 and accidentally drop and shatter it shortly after purchase, you can file a claim to recover the cost.
Additionally, the card offers a Credit Shield cover of approximately Rs. 1 lakh for the primary cardholder, which helps settle outstanding dues in case of an unfortunate event. You also get a lost card liability cover of up to Rs. 1.3 lakh. If you lose your card and someone makes fraudulent swipes worth Rs. 40,000 before you block it, this cover protects you from bearing that stolen amount.
Fuel Surcharge Waiver
Driving to work gets a little cheaper with the card's fuel surcharge waiver. When you swipe your card at any fuel station across India, the standard 1% fuel surcharge is waived. This applies to fuel transactions ranging between Rs. 400 and Rs. 5,000. For instance, if you fill up your car with Rs. 2,000 worth of petrol, the Rs. 20 surcharge that is typically added to your bill gets waived, saving you money on every refill.
View FAQ
Commonly Asked Questions
How do I qualify for the welcome benefit?
You need to spend a total of Rs. 5,000 or more using your card within 1 month of the card setup date. Once you hit this milestone, your joining fee is reversed.
Does the Rs. 5,000 target include cash withdrawals?
Only retail purchases contribute to the welcome benefit spending milestone. Cash withdrawals and EMI conversions are excluded from this calculation.
When will the joining fee reversal reflect in my account?
The reversal is usually credited in the subsequent billing cycle after you cross the Rs. 5,000 spending threshold within the first 30 days.
What happens if I spend Rs. 4,900 in the first month?
If you fall even slightly short of the Rs. 5,000 target within the specific 30-day window, you will have to bear the Rs. 499 joining fee without any reversal.
How many reward points do I earn per Rs. 200 spent online?
You earn 8 YES Rewardz points for every Rs. 200 spent on eligible online shopping transactions. This equals an effective reward rate of 1%.
How many reward points do I earn on offline purchases?
For offline point-of-sale transactions at physical stores, you earn 4 YES Rewardz points per Rs. 200 spent, which translates to a 0.5% return.
What is the exact rupee value of 1 YES Rewardz point?
Each reward point on this card is valued at Rs. 0.25. This means you need 4 points to equal Rs. 1 in redemption value.
Do I earn reward points on my fuel expenses?
No, fuel purchases are completely excluded from earning any reward points on this card.
Will I earn points if I pay my house rent using this card?
No, rent payments are explicitly excluded from the rewards program and will not generate any YES Rewardz points.
Do I get points for paying government taxes or utility bills?
Government services and utility bill payments are excluded from the rewards program; points are reserved for standard retail and online shopping spends.
If I convert a big purchase into an EMI, do I still earn points?
No, EMI transactions do not earn any reward points on the YES BANK ACE Credit Card.
Is there a monthly limit on how many points I can earn?
There are no monthly point accumulation caps, allowing you to earn unlimited rewards on all eligible transactions throughout the month.
What does the purchase protection cover include?
It provides up to Rs. 50,000 in coverage for items purchased with your card that suffer accidental damage shortly after the transaction.
How much is the lost card liability cover?
The card offers up to Rs. 1.3 lakh in lost card liability coverage to protect you from fraudulent transactions if your card is misplaced or stolen.
What is a Credit Shield?
The Credit Shield provides a primary cardholder cover of roughly Rs. 1 lakh, which helps clear outstanding credit card dues in emergency situations like accidental death.
Do I need to pay extra for these insurance benefits?
No, these protection covers are built into the card's standard features and are included within your Rs. 499 annual fee.
What is the minimum amount required for the fuel surcharge waiver?
You must swipe your card for a minimum of Rs. 400 at the fuel pump to trigger the 1% surcharge waiver.
Is there a maximum limit for a single fuel transaction to get the waiver?
Yes, the fuel transaction must not exceed Rs. 5,000. Any single swipe above Rs. 5,000 will not qualify for the surcharge waiver.
Does this waiver apply to all petrol pumps?
Yes, the waiver is valid at all authorized fuel stations across India, regardless of the brand (Indian Oil, Bharat Petroleum, etc.).
What is the maximum surcharge waiver I can get in a month?
The fuel surcharge waiver is capped at a maximum of Rs. 250 per billing cycle.
How to Redeem Rewards & Cashback?
Rewards Conversion Rate
1 Reward Point = 0.25
Redemption Options
- Flights & Hotels
- Shopping Vouchers
- E-Vouchers & Gift Cards
- Mobile Recharge & Bill Payments
- Catalogue Products
To check redemption catalogue
Accumulating points is only half the journey; redeeming them efficiently is where you extract true valu...
Read MoreRead Less
Accumulating points is only half the journey; redeeming them efficiently is where you extract true valu...
Accumulating points is only half the journey; redeeming them efficiently is where you extract true value from the YES BANK ACE Credit Card. The bank provides a dedicated rewards portal at https://www.yesrewardz.com where you can view your balance and choose your preferred redemption method. The process is straightforward, fully digital, and gives you multiple avenues to use your points.
You can redeem your YES Rewardz points for Flights & Hotels, which generally offers the highest value for your points. Alternatively, you can choose Shopping Vouchers, E-Vouchers & Gift Cards, Mobile Recharge & Bill Payments, or select products directly from the Catalogue. If you prefer pure cash value, you can even opt for a Statement Credit to directly lower your upcoming credit card bill. Keep in mind that every reward point holds a fixed value of Rs. 0.25.
Let's look at a practical example. Suppose you have accumulated 4,000 reward points from your online shopping over the past few months. Since 1 point equals Rs. 0.25, your 4,000 points translate to Rs. 1,000 in redemption value. You can log into the YES Rewardz portal and use these points to get a Rs. 1,000 Amazon or Flipkart gift voucher, or apply a Rs. 1,000 statement credit against your current bill. Note that the bank charges a reward redemption fee of Rs. 100 plus GST per day when you initiate a redemption request.
View FAQ
Commonly Asked Questions
How do I redeem my reward points?
You need to visit https://www.yesrewardz.com, log in with your card details, browse the available categories, and select your preferred redemption option.
What is the value I get when I redeem reward points?
Every 1 Reward Point equals Rs. 0.25. For example, if you redeem 10,000 points, you receive Rs. 2,500 worth of value.
What are the best redemption options available?
The highest value redemptions are usually Flights & Hotels, but you can also choose Shopping Vouchers, Statement Credit, or Bill Payments.
Is there a fee for redeeming my reward points?
Yes, the bank charges a reward redemption fee of Rs. 100 plus GST per day when you process a redemption request.
Can I use my points to directly pay my credit card bill?
Yes, one of the redemption options is Statement Credit, which allows you to use your points to reduce your outstanding card balance.
Is there a minimum point balance needed before I can redeem?
You must have a minimum balance of 1,000 reward points to initiate a redemption request on the YES Rewardz portal.
Do my YES Rewardz points expire?
YES Rewardz points accumulated on this card remain valid for 24 months from the date of earning, after which they will expire.
Gift card - Key Terms
Once you apply, we will start tracking your application
Generally takes 2-72 hrs
Once the bank confirms us of your successful card activation, we will process your rewards
Generally takes 7-75 days
You can then withdraw your rewards via Amazon Pay Balance/Flipkart gift cards
Generally takes 7-75 days
Note: If you currently hold or have ever held an Yes Bank Credit Card, you are not eligible for CashKaro Rewards.
Rewards Related
- If you currently hold or have ever held an Yes Bank Credit Card, you are not eligible for Gift Card
- A minimum transaction of Rs.100 within 30 days is mandatory to activate your card; otherwise, you wont be eligible for the Rewards
- Please use Aadhaar linked mobile number to fill the application
- If the distance between your residence and office addresses is 150 km or more, please ensure that your residence is selected as the mailing address. Applications not adhering to this will be rejected
- VKYC done over 50km from your Aadhaar/communication address will result in application rejection and loss of Rewards
Also, Remember
- Resume your application only via Great.Cards to avoid losing Rewards
- If your Rewards do not track, raise a Missing Rewards Ticket within 30 Days from the application date
- Rewards can only be redeemed as Amazon Pay Balance and Flipkart Gift Card
Bank Exclusions
You will not earn points / cashback on spends in the following categories
For Points / Cashback Earnings
Fuel
Rent
Wallet Loads
Government Services
EMI Transactions
Cash Withdrawals
For Spends Waiver
Fuel
Rent
Wallet Loads
Government Services
EMI Transactions.
Cash Withdrawals
To maximize the benefits of your YES BANK ACE Credit Card, you must understand exactly which transactio...
Read MoreRead Less
To maximize the benefits of your YES BANK ACE Credit Card, you must understand exactly which transactio...
To maximize the benefits of your YES BANK ACE Credit Card, you must understand exactly which transactions will not earn you any reward points. Like all major credit card issuers, YES BANK has a specific list of merchant categories that are excluded from the rewards program to prevent misuse and manage costs.
The primary exclusions on this card include Fuel, Rent, Wallet Loads, Government Services, EMI Transactions, and Cash Withdrawals. If you use your card for any of these purposes, the transaction will process normally, but your reward points balance will remain unchanged.
Let's examine the real-world impact with practical examples. If you pay Rs. 20,000 for your monthly house rent using this card via a third-party app, you will earn zero reward points, and you will also pay a 1% rent convenience fee. Similarly, if you load Rs. 5,000 into your digital wallet (like Paytm or Amazon Pay) to pay the local grocer, that Rs. 5,000 earns no rewards. If you buy a television for Rs. 50,000 but convert it into an EMI plan, that transaction is entirely excluded from earning the standard 8 points per Rs. 200 rate.
View FAQ
Commonly Asked Questions
Which transactions do not earn rewards on this card?
Transactions made for Fuel, Rent, Wallet Loads, Government Services, EMI Transactions, and Cash Withdrawals are excluded from earning reward points.
Are fuel transactions excluded from earning rewards?
Yes, fuel transactions are completely excluded from earning reward points. However, you do get a 1% fuel surcharge waiver on valid spends.
Does paying rent with this card earn reward points?
No, rent payments are an excluded category and will not accumulate any YES Rewardz points on your account.
Do wallet top-ups earn rewards on this card?
No, loading money into digital wallets is excluded from the rewards program and yields zero points.
Are government tax payments excluded from rewards?
Yes, any payments made under the Government Services category will not earn reward points.
If I convert a Rs. 20,000 phone purchase to EMI, do I get points?
No, EMI transactions are part of the exclusions list. You will forfeit the reward points on any purchase that you convert into an EMI.
What happens if I accidentally make a payment in an excluded category?
The transaction will go through successfully and will be added to your bill, but you simply won't earn any reward points for that specific amount.
Bank Fee Structure
| Structure | Details |
|---|---|
Forex Markups  2.75% forex markup is charged on transactions made in currencies other than INR. Applies to international POS payments and online purchases charged in foreign currency. | 2.75% |
APR Fees Finance charges of 3.99% per month (47.88% per annum) apply on unpaid outstanding balances until the amount is fully repaid. | 3.99% |
ATM withdrawal 2.5% of the withdrawn amount is charged on cash advances using the credit card (minimum ₹500, if applicable). | 2.50% |
Reward Redemption Fees ₹100 + GST per day for reward redemptions | ₹100 |
Link for all T&Cs | Click Here |
Railway Surcharge 1% + GST Passenger Railway transaction charge applies only if a single transaction exceeds ₹30,000 or monthly railway spends exceed ₹80,000; capped at ₹5,000 per transaction (platform charges extra). | 1% |
Rent Payment Fees 1% of the transaction amount is charged as a fee on rent payment transactions, subject to applicable GST and platform charges | 1% |
cheque Payment Fees A fee of ₹100 is charged for payments made through cheque | ₹100 |
Cash Payment Fees ₹100 cash payment fee per deposit. | ₹100 |
| Late Payment Fees | Amount Due |
|---|---|
| ₹0 - ₹100 | ₹0 |
| ₹100 - ₹500 | ₹150 |
| ₹500 - ₹5000 | ₹500 |
| ₹5000 - ₹20,000 | ₹750 |
| ₹20,000 and above | ₹1000 |
Understanding exactly what you might be charged is crucial before applying for any credit card. The YES...
Read MoreRead Less
Understanding exactly what you might be charged is crucial before applying for any credit card. The YES...
Understanding exactly what you might be charged is crucial before applying for any credit card. The YES BANK ACE Credit Card maintains a standard fee landscape similar to other entry-level cards, but it is important to know the specific penalties and transaction fees to avoid unexpected charges on your monthly statement.
The Joining Fee is an initial cost applied when your card is issued. On this card, the joining fee is Rs. 499 plus GST. However, this fee is fully reversed if you spend Rs. 5,000 within your first 30 days. For example, if you spend Rs. 6,000 on groceries in your first month, the Rs. 499 charge on your statement is wiped clean.
The Annual or Renewal Fee is a recurring charge applied from the second year onwards. This card charges Rs. 499 plus GST annually. You can get this fee waived if you spend Rs. 50,000 or more in the preceding 12 months. For example, averaging just Rs. 4,500 a month on utility bills and online shopping will easily clear this milestone, making the card effectively free.
The APR or Interest Rate applies if you do not pay your full total outstanding balance by the due date. The bank charges a finance fee of 3.99% per month, which calculates to a massive 47.88% per annum. For instance, if you carry forward an unpaid balance of Rs. 10,000 for a month, you will be charged approximately Rs. 399 in pure interest alone, plus applicable taxes.
Late Payment Charges are penalties applied if you fail to pay even the Minimum Amount Due. The bank uses a slab system: Rs. 0 for balances under Rs. 100, Rs. 150 for balances between Rs. 100 and Rs. 500, Rs. 500 for balances between Rs. 500 and Rs. 5,000, Rs. 750 for balances between Rs. 5,000 and Rs. 20,000, and Rs. 1,000 for balances above Rs. 20,000. If your outstanding bill is Rs. 4,000 and you miss the due date, you will pay a strict Rs. 500 late penalty.
The Foreign Transaction or Forex Markup Fee comes into play when you swipe your card outside India or buy from international websites. The bank charges a 2.75% markup on these transactions. For example, if you pay USD 100 on an international website and the conversion equals exactly Rs. 8,300, the bank will add a 2.75% fee of Rs. 228.25 to your bill.
The ATM Cash Withdrawal Fee makes pulling cash from your credit card very expensive. You are charged 2.5% of the withdrawn amount, subject to a strict minimum of Rs. 500. If you use this card at an ATM to withdraw an emergency Rs. 10,000 in cash, you will immediately be hit with a Rs. 500 fee (since 2.5% is Rs. 250, the minimum Rs. 500 rule kicks in).
The Rent Payment Convenience Fee is charged when you use third-party platforms to pay your landlord. YES BANK applies a 1% fee on the total transaction amount. For example, if your monthly rent is Rs. 15,000 and you pay it with this card, the bank will add a Rs. 150 fee to your statement, on top of any fee the rent platform charges.
The Railway Surcharge applies when you book train tickets through platforms like IRCTC. A 1% plus GST passenger railway transaction charge is levied. However, it only applies if a single transaction exceeds Rs. 30,000 or your monthly railway spends exceed Rs. 80,000 (capped at Rs. 5,000 per transaction). So if you book a standard Rs. 2,000 train ticket, you will not trigger this specific threshold fee.
The Cash Payment Fee is applied if you choose to pay your credit card bill by physically depositing cash at a YES BANK branch. A flat fee of Rs. 100 is charged per deposit. If your bill is Rs. 5,000 and you pay in cash at the teller, you are actually paying Rs. 5,100 to clear the dues. Always pay digitally to avoid this.
The Cheque Payment Fee is similarly applied if you drop a physical cheque to pay your credit card bill. The bank charges a flat Rs. 100 fee for cheque payments. If you drop a cheque for Rs. 10,000 to clear your balance, the bank will add Rs. 100 to your next month's statement for processing that cheque.
The Reward Redemption Fee reduces the net value of your hard-earned points. When you initiate a redemption request, the bank charges Rs. 100 plus GST per day. For example, if you redeem 4,000 points for a Rs. 1,000 Amazon voucher, Rs. 100 plus GST will be charged to your next statement, bringing your net gain down to roughly Rs. 882.
| Fee Type | Amount / Rate |
|---|---|
| Joining Fee | Rs. 499 (Waived on spending Rs. 5,000 in 30 days) |
| Annual Fee | Rs. 499 (Waived on spending Rs. 50,000 annually) |
| Interest Rate (APR) | 3.99% per month (47.88% per annum) |
| Late Payment Charges | Rs. 0 to Rs. 1,000 (Based on balance slab) |
| Forex Markup Fee | 2.75% of transaction amount |
| Cash Withdrawal Fee | 2.5% of withdrawn amount (Min. Rs. 500) |
| Rent Payment Fee | 1% of transaction amount |
| Railway Booking Surcharge | 1% (if single txn > Rs. 30k or monthly > Rs. 80k) |
| Cash/Cheque Payment Fee | Rs. 100 per deposit/cheque |
| Reward Redemption Fee | Rs. 100 + GST per day |
View FAQ
Commonly Asked Questions
What are the joining fees for this card?
The one-time joining fee is Rs. 499 plus GST, charged when the card is first issued.
What is the annual or renewal fee?
The recurring annual fee is Rs. 499 plus GST, charged from the second year onwards.
Is there an annual fee waiver based on spending?
Yes, the annual fee is fully waived if you spend Rs. 50,000 or more in a year on your card.
How can I get this card lifetime free?
The card can be converted to lifetime free status through specific corporate tie-ups or if you maintain a high-value salary account relationship with YES BANK.
What is the interest rate if I don't pay my full balance?
The card carries an interest rate of 3.99% per month, which equals a high 47.88% per annum.
How is the interest calculated on outstanding balances?
Finance charges of 3.99% per month apply on your total unpaid outstanding balance, calculated daily, until the amount is fully repaid.
What are the late payment charges?
Late fees range in slabs from Rs. 0 to Rs. 1,000. If your balance is Rs. 6,000, you pay a Rs. 750 fee.
Is the late payment fee different based on outstanding amount?
Yes, higher unpaid balances attract higher penalty slabs, capping out at Rs. 1,000 for balances over Rs. 20,000.
What is the forex markup for international transactions?
A 2.75% forex markup is charged on transactions made in foreign currencies, including international online purchases.
Can I withdraw cash using my credit card?
Yes, but a high fee of 2.5% of the withdrawn amount (minimum Rs. 500) applies immediately, making it very costly.
What are the cash withdrawal charges and limits?
You pay 2.5% of the amount withdrawn. Withdrawing Rs. 20,000 will instantly cost you Rs. 500 in fees, plus immediate interest charges.
Are there fees for paying rent with this card?
Yes, a fee of 1% of the transaction amount is charged whenever you use the card to pay rent.
Is there a fee for paying my bill in cash?
Yes, a flat cash payment fee of Rs. 100 per deposit is charged if you clear your bill with physical cash at a branch.
What are the charges for cheque payment of bills?
A fee of Rs. 100 is applied for credit card payments made via physical cheque drops.
Is there a fee to redeem my reward points?
Yes, you must pay Rs. 100 plus GST per day when you initiate a reward point redemption.
Documents Required
To process your application smoothly, you must provide proof of identity, address, and income. Having these ready prevents unnecessary delays.
You need your PAN Card as the primary identity document. For address proof, an Aadhaar Card, Passport, or Voter ID is acceptable. To prove your income, salaried employees should provide their latest two months' salary slips and the last three months' bank statements showing salary credits. Self-employed applicants must submit their latest Income Tax Return (ITR) computation along with business continuation proof.
View FAQ
Commonly Asked Questions
Is a PAN card mandatory to apply for this card?
Yes, a valid PAN card is legally mandatory for all credit card applications in India to verify your financial identity.
Can I use my driving license as address proof?
A valid driving license is accepted as valid address proof for this application alongside Aadhaar and Passport.
Do I need to submit physical copies of my documents?
If you complete the Video KYC process successfully, you do not need to submit any physical photocopies to the bank.
What if my current address does not match my Aadhaar card?
You must provide an alternative valid address proof like a recent utility bill or a registered rent agreement to verify your current residence.
How many months of bank statements are required?
Typically, the bank requires your latest 2 to 3 months of bank statements demonstrating consistent salary or business income credits.
Is ITR mandatory for self-employed applicants?
Yes, self-employed individuals must provide their latest ITR documents to prove they meet the Rs. 3 lakh annual income requirement.
Who Should Get This Card?
The Beginner Online Shopper: If you just landed your first job with a salary of Rs. 25,000 a month and want to start building a credit score, this card is perfect. The low fee waiver requirement means you won't be stressed about paying annual charges.
The Safety-Conscious Buyer: If you frequently buy expensive electronics or appliances, the included Rs. 50,000 purchase protection cover adds a layer of security that is rare to find on a card with a Rs. 499 fee.
Who Should Skip It? If you are a frequent traveler looking for lounge access or air miles, or a heavy spender who puts more than Rs. 3 Lakhs on a card yearly, you should look elsewhere. The 1% reward rate will hold back high-volume spenders who could be earning 5% on premium cashback cards.
Credit Limit and What to Expect
Your credit limit dictates your spending power, and banks assign this number based on a careful assessment of your financial profile. When you receive your YES BANK ACE Credit Card, the enclosed welcome letter will clearly state your approved limit.
Factors influencing your limit include your declared Rs. 3 LPA (or higher) income, your current outstanding debts, and your CRIF score. If you consistently pay your bills on time and keep your credit utilization low, the bank may offer you proactive limit enhancements in the future.
View FAQ
Commonly Asked Questions
What is the minimum credit limit I can expect?
Initial credit limits for the YES BANK ACE card start at Rs. 20,000 and are determined based on your specific income documentation and credit profile.
Will my limit be higher if my salary is Rs. 1 lakh per month?
Yes, applicants with higher incomes and strong credit histories generally receive much higher initial credit limits.
Can I request a limit increase immediately after getting the card?
Typically, banks require you to use the card responsibly for 6 to 12 months before considering a request to increase your credit limit.
Does exceeding my credit limit attract a fee?
Over-limit transactions attract a penalty fee of 2.5% of the over-limit amount, subject to a minimum of Rs. 500 per instance.
Will my credit limit decrease if I don't use the card?
Banks hold the right to reduce credit limits on inactive cards to minimize their risk exposure. Regular use helps maintain your limit.
Can I set my own daily spending limits?
Yes, as per RBI guidelines, you can use the bank's mobile app or net banking portal to set daily transaction limits for online, offline, and international spends.
How to Apply?
Applying for the YES BANK ACE Credit Card is a fully digital process that you can complete from the comfort of your home. You can initiate the application directly through the official YES BANK website or via trusted financial partner platforms. Simply fill out the digital form with your personal details, employment information, and income statistics to get an instant preliminary check.
Once you pass the initial stage, you will need to complete your Video KYC (Know Your Customer) process. This involves a quick video call with a bank representative who will verify your original documents live on camera. Ensure you have a stable internet connection and are in a well-lit room to prevent any application delays.
View FAQ
Commonly Asked Questions
Can I apply for this card online?
Yes, you can easily apply online via the official bank website or authorized credit card partner portals.
What is Video KYC?
Video KYC is a digital verification process where a bank agent verifies your identity and original documents over a secure video call, eliminating the need for a branch visit.
Do I need to be at my registered address for Video KYC?
You must be physically present within India and ideally at your registered residence during the Video KYC call to ensure successful address verification.
How long does the approval process take?
Online applications with a successful Video KYC are processed within 7 to 10 working days.
What happens if my Video KYC fails?
If the video call fails due to bad internet or location issues, you can usually reschedule it or opt for physical document pickup.
Can I track my application status online?
Yes, after applying, you will receive an Application Reference Number that you can use on the bank's website to check your approval status.
That’s the full story of this credit card
Like this card? Your apply button’s just there.
Top Benefits
Apply and get ₹700 Rewards
Top Benefits
4 YES Rewardz Points
per ₹200 spent on offline shopping
8 YES Rewardz Points
per ₹200 spent on online shopping, up to 5,000 points per month
The smartest way to find your great credit card
We value your time and privacy. Your details stay secure and are used only to help you.
Company
We value your time and privacy. Your details stay secure and are used only to help you.