Yes Bank First Preferred Credit Card - Banking of India

Banking of India > Yes Bank First Preferred Credit Card

The YES First Preferred is a premium credit card with top-of-the-line reward points offers and several other interesting benefits. With this card, you can save thousands of reward points each time you make a purchase, or pay the annual card fee.

Other than these, the YES First Preferred offers complimentary benefits in terms of travel, including domestic and international travel lounge access, too. You can get 4 reward points for every Rs. 200 spent on taxes, utility bills, groceries, etc., and 8 reward points for every other retail purchase.

While the YES First Preferred is a great credit card for people who want to save money and earn more reward points at the same time, it’s also a great choice for those who love to travel. That’s because with this card, you get 2 complimentary domestic lounge access per quarter and 4 exclusive free international lounge access per year. One of the card’s key features is that if you make your first transaction during the first 90 days after receiving the card, you get 10, 000 reward points.

Yes Bank First Preferred Credit Card

Invite only
Yes Bank First Preferred Credit Card

Convenient for

Shopping

Joining fee

Rs. 999 inclusive of applicable taxes

Reward Type

Reward Points

Product Details

  • 2 free entries into domestic lounges per quarter and 4 free entry into international lounges per year
  • 4 reward points for every Rs. 200 you spend on select categories of utilities, groceries, taxes, insurance sales etc
  • 8 reward points for every other retail purchase you spend
  • 16 reward points for each Rs. 200 spend on travel and dining expenses
  • 1.75% foreign markup fee
  • Renewal fee waived if you spend more than Rs. 4 lakh in the previous year

Features and Benefits Yes Bank First Preferred Credit Card

One of the most popular cards right now is the First Preferred Credit Card from the YES Bank. Not only does it have a great reward rate, but it also offers a bunch of different benefits, some of which we’ll talk about below.

Golf privileges

Get 4 free green fee rounds a year and 1 free golf lesson a month at different golf courses in India.

Insurance facilities

  • If you succumb in an air crash, you will be covered with a life insurance of Rs. 1 crore.
  • If you are hospitalized abroad, you will be provided with an emergency hospital cover of Rs. 25 lakhs.
  • In the event of accidental death of your primary cardmember, you will also be covered with a credit shield.

Benefits from travelling

Priority Pass Membership provides four complimentary international lounges per year through the MasterCard lounge program, and two domestic lounges per calendar quarter for primary cardholders. If Priority Pass is used to visit a lounge in India, an additional charge of $27 + GST per person per visit is applicable.

Additional benefits

The YES First Preferred credit card offers a variety of perks, such as exclusive reward point deals, travel advantages, movie advantages, etc. A 1% fuel cost waiver, a 25% discount on films when booking through the book my show website, etc. are some other significant advantages of the card. Additionally, for every successfully completed YES PayNow registration, you receive 1000 Reward Points.

Waiver of fees

The Joining Fee can be reduced to Rs. 999 if the expenditure in the first 90 days is less than Rs. 50 thousand. Additionally, the renewal fee can be waived on expenditure of Rs. 4 lakhs and above in the preceding 12 months.

Foreign markup fee

The minimum foreign conversion fee for this card is 1.75 percent for all overseas transactions. The markup fee is a significant source of revenue for the card issuer. Generally, banks charge 3.5 percent markup fee for foreign conversions.

Reward point facilities

Rewards are offered at a rate of 8 reward points for every Rs.200 spent on most categories. Additionally, 4 Reward Points are available for expenditure on utilities, taxes, food, insurance, and certain other categories. Additionally, 16 Reward Points are available at a rate of 16 Points per Rs.200 for travel and dining expenses (with a monthly limit of 3,000 Points).

Additional features

Get a great interest rate on your revolving credit - 3.50% a month! Plus, you'll get Rs.25 lakh in medical insurance if you need to go to the hospital in case of an emergency. You can also get a credit shield if you're the main cardholder in case of an accident. And don't forget about the concierge services - you'll get 24/7 help with hotel reservations, flights, restaurant recommendations, movie tickets, flower and gift delivery, and more.

Fees and charges

If you want to join, you'll need to pay a joining fee of Rs. 999, plus interest charges of 3.6% monthly, foreign markup fees of 1.75%, and cash advance fees of 2.5%, all at a minimum of Rs. 300.

Eligibility requirements Yes Bank First Preferred Credit Card

To become eligible for this credit card, the individual should be a salaried person with age ranging between 21-60 years old with an income of 2 lakhs per month. The self- employed individual can also apply for this credit card with age ranging between 21-60 years old and a yearly income of 24lakhs.

Application procedure

The First Preferred Credit Card can be applied for both online and offline. To apply for the First Preferred Credit Card online, you can follow a few easy steps as mentioned below:

  • Go to the official website of YES Bank and click on the ‘Credit Cards’ section.
  • Under ‘Premium Card’, click on ‘YES First Preferred Credit Card’.
  • On the next page, select ‘Apply Now.’
  • Fill in all the necessary information.

To apply for First Preferred Credit Card offline, you can visit your nearest YES Bank branch with your required documents and fill in the physical application form.

Required documents

The following documents are required for your Yes Bank’s First Preferred Credit Card:

Identity proof:

  • Voter’s Card
  • Aadhar Card
  • PAN Card
  • Passport
  • Driving License

Address Proof:

  • Utility bills of the last 3 months,
  • Ration Card,
  • Aadhaar Card or Passport

Income Proof

The last 3 months’ salary slips/Bank statements, or the last audited ITR.

Closing words

Are you in search of a credit card that offers multiple categories of benefits at an annual fee of just Rs. 999? If yes, then YES first preferred credit card is the right option for you. The best thing about this credit card is that you can earn bonus reward points of Rs. 20,000 every anniversary year if you spend Rs. 7.5lakhs or more. Not only that, but you can also enjoy lounge access both domestically and abroad. Golf sessions are also available on this credit card. You can also avail insurance benefits of up to Rs. 1,00,000 in case of flight accident cover and other exclusive benefits.

Frequently asked questions related to YES Bank First Preferred Credit Card

You get a 25% discount on booking movie tickets via book my show and paying using this credit card. 

It is INR 100 per redemption request 

Yes, the card provides medical insurance worth INR 25 lakhs in case of emergency hospitalization. 

The foreign currency markup fee applicable on this card is 1.75%