YES Prosperity Cashback and Standard Chartered Manhattan are credit cards offering grocery benefits in the form of cashback. Apart from groceries, both cards come with basic features offering decent value-back across all spend categories. Read on to know how these two cards fare against each other and which of these would be the right pick for you.
Key Highlights: YES Prosperity Cashback Vs. Standard Chartered Manhattan | ||
| Particulars | YES Prosperity Cashback Credit Card | Standard Chartered Manhattan Credit Card |
| Best Suited for | Grocery and Cashback | Grocery and Rewards |
| Welcome Benefit | Rs. 250 cashback on spending Rs. 2,500 or more in the first 30 days | 5,000 reward points on payment of joining fee |
| Grocery Benefit | 5% cashback on grocery shopping* | 5% cashback at Supermarket spends* |
| Reward/Cashback Rate | 0.5% cashback on all retail spends | 3 reward points per Rs. 150 spent on all retail transactions |
| Annual Fee | Rs. 999 | Rs. 999 |
Grocery Benefit Comparison
Both YES Prosperity Cashback and Standard Chartered Manhattan give grocery benefits as cashback. The cashback rate also stands the same at 5% of the transaction amount. The difference, however, lies in the terms and conditions.
| YES Prosperity Cashback Credit Card | Standard Chartered Manhattan Credit Card | |
| Cashback Rate | 5% | 5% |
| Maximum Monthly Cashback | Rs. 100 | Rs. 500 |
| Minimum Transaction Value | Rs. 500 | Rs. 1,000 |
As groceries usually make a substantial part of household expenditure, users can easily qualify for the cashback. The YES Bank credit card limits the maximum earning at Rs. 100 per month which equals to only Rs. 1,200 for a year. On the other hand, the maximum earning potential on the Manhattan Card is Rs. 500 per month (subject to Rs. 150 per transaction) which makes the annual benefit of Rs. 6,000, which is considerably higher than the other card.
| Which card is better for groceries? Though both credit cards offer the same cashback rate for grocery spends, Standard Chartered Manhattan Credit Card turns out better as you would be able to make more monthly savings of Rs. 500 as compared to YES Prosperity Cashback Card that gives just Rs. 100 back per month. Moreover, Standard Chartered has given more clarity on the type of spends- groceries, departmental stores and supermarket spends, whereas YES Bank Card only mentions grocery shopping. |
Suggested Read: Best Grocery Credit Cards
Value-back on Other Spends
While the Manhattan Credit Card lets its users earn 3 reward points for every Rs. 150 spent, YES Prosperity Cashback gives cashback on other spends at the rates given below:
- 5% cashback on movie ticket booking
- 5% cashback on bill payments made via YES PayNow through standing instruction
- 5% cashback on all other retail spends
| Which card offers better value across other spends? Keeping the preferred categories aside, YES Prosperity Cashback Credit Card offers direct cashback of 0.5%. On the other hand, Manhattan Credit Card gives 5 reward points per Rs. 150. So, if you spend Rs. 5,000, you will earn a direct cashback of Rs. 25 as compared to Manhattan Card where you will earn 99 reward points which are redeemable only against the items available on their rewards catalogue. In these terms, YES Prosperity Cashback Card turns out better. |
Other Benefits
Both Standard Chartered Manhattan and YES Prosperity Cashback credit card come with basic features. The additional advantages come in the form of offers and discounts which are usually applicable to all credit cards by the said provider. For example, the Manhattan Credit Card will give offers and discounts under The Good Life Programme by Standard Chartered Bank.
In addition to the benefits mentioned above, the YES Bank Credit Card offers 1% fuel surcharge waiver for transactions between Rs. 400 and Rs. 5,000.
Example: Value-back Comparison
Let’s consider this example to show a value comparison for these two cards:
Groceries: Rs. 5,000
Apparel Purchase from Supermarket: Rs. 5,000
Fuel: Rs. 3,000
Utility Bills: Rs. 4,000
Dining: Rs. 2,000
Other Purchases: Rs. 1,000
| Spend Category | Amount | YES Prosperity Cashback Credit Card | Standard Chartered Manhattan Platinum Credit Card |
| Groceries | Rs. 5,000 | Rs. 100 | Rs. 150 |
| Apparel | Rs. 5,000 | Rs. 25 | Rs. 150 |
| Fuel | Rs. 3,000 | Rs. 0 | 60 reward points |
| Utility Bills | Rs. 4,000 | Rs. 200 | 80 reward points |
| Dining | Rs. 2,000 | Rs. 10 | 40 reward points |
| Movies | Rs. 500 | Rs. 25 | 10 reward points |
| Other Purchases | Rs. 1,000 | Rs. 5 | 20 reward points |
| Total | Rs. 20,000 | Rs. 365 | Rs. 300 Cashback + 210 reward points* |
*Standard Chartered Bank has not clearly stated the value of reward points. Moreover, points can be redeemed only for vouchers and merchandise available on the Standard Chartered Bank’s rewards catalogue.
Which card should you choose?
As seen above, Standard Chartered Manhattan offers both rewards and cashback whereas YES Prosperity Cashback Credit Card is a true-blue cashback credit card. For grocery and supermarket purchases, the Manhattan Card turns out better as the maximum earning is higher. As groceries usually make up a considerable part of one’s monthly expenditure, it is always better to get maximum value-back on it. However, if you consider other expenses, you will get reward points instead of cashback.
So, if you wish to earn cashback on every spend and avoid the hassle of earning points and redeeming them, then the YES Prosperity Cashback Credit Card would be a better choice. However, if you look at the overall value-back regardless of the mode of earning, Standard Chartered Manhattan wins.