YES PREMIA Credit Card Review

YES PREMIA Credit Card is a premium credit card from Yes Bank. It is a low-cost premium credit card that offers exclusive benefits and privileges. The benefits offered by the card are reward points on every purchase, lounge access, golf facility, fuel surcharge waiver, fee waiver, and lots more. If you can use this card properly, you can earn big benefits from this card.  

YES PREMIA Credit Card

Eligibility Criteria:

  • Resident Type: Indian. 
  • For salaried person:
    • Age: 21 to 60 yrs. 
    • Income: ₹80,000 monthly or Income tax return should be above ₹8 lakh. 
  • For self-employed person:
    • Age: 21 to 60 yrs. 
    • Income: ₹45,000 monthly or Income tax return should be above ₹8 lakh.
  • Good CIBIL Score (750 or more). 

Required Documents:

  • Photocopy of ID Proof (any 1)
    • Aadhar card
    • Voter Card
    • Passport
    • PAN Card
  • Photocopy of Address proof (any 1) 
    • Last 6 months bank account Statement
    • Aadhar Card 
    • Driving License 
    • Passport
    • Utility bill
  • One recent passport-sized photographs
  • Proof of income statement:
    • Salaried Person (any 1)
      • Latest salary slip, (3 months) 
      • ITR
    • Self-employed person
      • Latest Income tax return. 
      • Proof of business
      • Recently audited financial report. 

Fee:

  • Joining Fee: ₹1,599 + GST
  • Annual Fee: ₹1,599 + GST

Benefits:

  • Reward benefit:

If you spend ₹200 on grocery stores and supermarkets, and dining you will get 8 reward points. Also, you will get 6 reward points for the same on other categories.

If you register for Yes PayNow, you will get 750 reward points.  

You can redeem those reward points very easily you can redeem them against various products available in the reward catalog or you can redeem them into Air Miles, (10 reward points = 1 air mile)

  • Movie benefit:

If you book a movie ticket from BookMyShow, you will get a 25% discount on it.  

  • Lounge access:

This card offers 2 complimentary international lounge accesses in a year.  You will be charged $27 + GST for a guest visit. 

You will also get 2 free visits at domestic airport lounges under the MasterCard lounge program. 

  • Golf:

This card offers 4 complimentary golf games per year and 1 complimentary golf lesson per month. You can use the benefits in the leading golf clubs of India. You have to call on 1800 102 6263 for bookings. 

  • Fuel surcharge waiver:

If you choose this card you will get a 1% waiver on fuel surcharges. This offer applies to all fuel stations in India. The transaction amount should be between ₹400 to ₹5000.

  • Insurance coverage:

You will also get credit shield coverage of ₹2.5 lakh for the accidental death of the cardholder. 

  • Fee waiver:

If you can spend ₹25,000 within 90 days of the card issuance, you will get a 100% waiver on your joining fee. 

Also if you can spend ₹1,50,000 within a year then the annual fee will be waived off for the next year.  

  • Lifestyle benefit:

You will get some awesome offers on travel, dining, wellness, shopping, and many more.

  • Secure IVR Transaction:

For IVR transactions you need an OTP. You have to send an SMS from your mobile number which is registered in the Bank. Type YESIVR<space>last 4 digits of the card number and send it to 9212738927.

  • EMI facility:

You can convert any transaction over ₹1500 into EMI, with this card. This feature is very helpful for the shoppers. 

  • Security:

This card has a built-in EMV chip, this chip is specially designed to add more security to your transactions. Also, this card comes with 3D security which makes it more secure. 

  • Other features:

There are also some other features in the card like Quick loan facility, Yes Paynow facility, Card Protection Plans, etc.  

  • Global Acceptance:

This card is globally accepted, you can use this card at any outlet or e-commerce site where the MasterCard Credit Cards are accepted.  

Charges:

  • Finance Charge: 3.5% monthly. 
  • Foreign currency transaction: 2.5% against the transaction amount. 

Contact Details:

Call: 18001031212

        022-4935-0000

Mail: [email protected]

100xGain Ratings: 6.5/10

Final Opinion:

After analyzing the benefits of the card it can be said that it is one of the most complete credit cards from Yes Bank. It is a lifestyle credit card best suited for those who want premium benefits at a low cost. You will get lounge access, complimentary golf rounds, fuel surcharge waiver, insurance coverage, and lots more. 

This card offers most of the premium benefits, but if you want to spend more to have a more premium credit card then you can go for RBL Icon Credit Card or HDFC Diners Club Black Credit Card. 

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