YES PREMIA Credit Card

YES Bank offers various types of credit card for their customers for their daily uses. YES PREMIA Credit Card is one of them. It is specially designed for shopping, dining, travelling and entertainment. It has also benefits of reward points, movies offer, concierge services, assistance service, priority pass membership, golf benefits, lifestyle benefits fuel surcharge waiver, contactless features etc. Lets discuss about the card-

Eligibility Criteria:

  • Age: The applicant should be 21 years old and he/she should not be old more than 60 years.
  • Citizenship: Applicant should be an Indian or non resident Indian.
  • Occupation:  Applicant should be salaried or self employed.

Applicant should have a good credit score.

  • Income:

Applicant should have a good source of income.  Net income should be Rs.1.20 lakh per month. If you are a self employed customer then the Income tax return should be Rs.14.40 lakh or more.

If you have a fixed deposit of minimum Rs.2lakh in YES Bank you can apply for this card.

Required Documents:

  • Identity proofs: Voter card and Aadhaar card, Driving license, passport, Ration card.
  • Address proof: Ration card, aadhaar card, electricity bill, telephone bill.
  • Income proofs: 

For salaried applicants: Last 3 month’s bank statement, salary slip of last 3 months or any document of income.

For self employed applicants: Recent Income Tax Returns, Balance sheets.

  • PAN card
  • Photographs.

Fees:  Rs.1599 + GST  for joining fees

Rs.1599 + GST renewal fees.

No add-on card fee. ( for up to 3 cards).

Privileges on YES PREMIA Credit Card:

  • Welcome benefits:  There is no welcome gift in this card.
  • Reward Points: You can earn reward points by spending.
    • If you spend Rs.100 at grocery stores, supermarkets, departmental stores and dining you’ll get 4 reward points.
    • If you spend Rs.100 for all other spendings except fuel you will get 3 reward points.
    • If you register on YES PayNow you’ll get 750 reward points.

These reward points are redeemable and you can redeemed these through flight booking, movie tickets bookings, hotel bookings, or through cash credit or InterMiles or club Vistara, or JPMile. ( 8 reward points is equals to 1 InterMiles or Club vistara point and 4 reward points is equals to 1 JPMile)

  • You can also redeemed through purchasing new reward catalogues from YES Bank.
  • Travel offer: There are some travel offers for you with this card.
    • You will get 2 complimentary lounge access per year with the help of the priority pass membership of this card. This offer is only valid for the primary cardholders.
    • You’ll be charged 27USD for guests visit.
    • You will get up to 2 domestic lounge access per quarter to more than 25 lounges in India.

Only the primary cardholder can avail the priority pass membership. The other cardholders can’t use it.

  • Golf Offers: If you are a golf lover then you will love to use the card. There are some complimentary golf games and golf lessons available in this card. You will get 4 complimentary golf games per year and 1 complimentary golf lessons per month. You can use the benefits in the leading golf clubs of India. You have to call on 1800 102 6263 for bookings.
  • Movies offer:  You will get some movies offer. If you book a ticket first time from bookmyshow.com you will get 25% discount on it.
  • Insurance Policy:
  • You will get a cover of Credit Shield of Rs.2.5 lakhs for accidental death.
  • Concierge Services: You will get concierge services with this card which is available in 24×7. With this facility you can avail pre-trip assistance, flight booking, hotel reservation, sports and entertainment booking , ordering flowers and gifts for your special one.
  • Assistance:  If any problems comes to in emergency services, this credit card will help you in your emergency time. Just call at auto assist care. You can avail this offer in this cases-
  •  Roadside repair
    • Emergency fuel service
    • Tire services
    • Losing of keys
    • Battery service
    • Emergency towing assistance
    • Accident Management and medical assistance. Etc.
  • Fuel surcharge waiver:  You will get freedom from 1% fuel surcharge if you spend at any petrol pump in India. The savings will depend on your spending. To avail this offer you have to transact between Rs.400 to Rs.5000.
  • Contactless Card Features:  You can transact without contact with the help of NFC Technology.   You can use the Card for your daily purchases. For transaction, go to any secure reader and wave your card smoothly.

It is fast and convenient that it is very unnecessary to give your card to anybody for everyday small purchases.

It is very secure. If you transact without contact , the card will always attached in your hand.

  • Password protection for Online Transactions:  This card is very secure for online transactions.
  • Security for IVR Transaction:  For IVR transactions you need a OTP. You have to send a 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.
  • Lifestyle Benefits:  You will get some awesome offers on travel, dining, wellness, shopping and many more.
  • Other services:  It has also Instant EMI, EMI on call, Quick Loan, YES PayNow, Card Protection Plan etc.
  • Online services: You can pay your bill of the card through Net Banking, ATM Fund Transfer, Standing Instruction, NEFT, IMPS, RTGS, Cheque payment, Cash payment at YES Bank branch, YES mobile App, YES Pay app etc.
  • Charges: 
  • Cash advance charges 2.5% of advance amount.
    • Late payment charges:
      • Rs.0 for up to Rs.100
      • Rs.100 for Rs.101 to Rs.500
      • Rs.400 for Rs.501 to Rs.5000
      • Rs.500 for Rs.5001 to Rs.20000
      • Rs.700 for Rs.20000 and more.
    • Overlimit charges 2.5% of overlimit amount ( minimum Rs.500).
    • Rs.350 for returning cheque.
    • Rs.100 for requesting duplicate statement.
    • Rs.100 for replacement of the card.
    • Foreign currency mark-up 2.50%
  • Customer Care:  For more details you can contact in this 24×7 helpline number 1800 103 1212.
  • Rating: 4 stars.
  • Final Opinion:  If you are searching for a credit card for your daily shopping, then YES PREMIA Credit Card will help you most. It has other world-class facilities which will help you to save money in various ways.
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