YES Bank Credit Card Statement

YES Bank Credit Card Statement is an official document that contains a detailed summary of all the transactions carried by you in a billing cycle. Besides this, the statement also includes other details, such as last billing cycle, outstanding balance, minimum amount due, reward points and much more. You will receive this statement at the end of the billing cycle, i.e., mostly on a monthly basis.

YES Bank Credit Card Statement consists of few terms that defines how you have used your credit card in the billing cycle. Here are the some of the major components of credit card statement:

Credit Card Statement Period: This part states the duration to which the statement pertains, i.e., the billing period for which the statement has been generated.

Payment Due Date: This is the date by which the payment must be paid to the bank. In case the payment is not made by this date, you will have to pay late payment charges.

Total Amount Due: It is the total amount that is due as on the statement date. This amount includes the opening balance, new purchases, fees and other finance charges.

Minimum Amount Due: It is the minimum amount that you need to pay to the bank every month. It is a portion of the total amount due and is usually two or three percent of the total dues owed.

Closing Balance: The closing balance represents the total amount that is due on the card. It is the amount that you need to refer to if you want to pay off the entire debt.

Current Outstanding Balance: It is the total amount of the money that you are liable to pay to the bank at a certain point of time. It is calculated on the basis of your previous month’s expenses on your credit card.

Transaction Summary: A transaction summary shows all the transactions made by you during the billing cycle.

Charges: These are the interest charges and other expenses that the bank levies for the given period. This amount can vary depending on the transactions done by you using a credit card.

How the Minimum Amount Due is Calculated?

The minimum due is the minimum amount that you are required to pay to the bank on or before the payment due date. Mostly, banks calculate the minimum due as 5% of the total outstanding amount. For instance, you have made a purchase of Rs. 10,000 on August 15 and the due date is September 26, then your minimum amount due will be Rs. 500 (5% of Rs. 10,000).

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YES Bank allows you to check your credit card statement online through the net banking portal. You can log in to the portal and check your statement for the chosen time duration. Here are the steps that you need to follow to check your credit card statement:

Step 1: Log in to the net banking portal using your user ID and password

Step 2: Under the ‘Credit Card’ option click on ‘Statement’ and select the card number for which statement is required.

Step 3: Select the month and click on the ‘Submit’ button and the statement will appear on the screen.

If you don’t want to check your credit card statement online, then you can also call on the YES Bank Credit Card customer care number and ask the representative for the statement. The representative will ask a few questions for the verification and proceed with your request. Besides this, you can also visit the nearest branch of the bank and request for your credit card statement.

If you spot a mistake in your credit card statement, you must inform the bank immediately to rectify it. Here are the ways through which you can inform the bank:

• You can call on the customer care number and inform the representative regarding your issue
• You can also drop a letter to the bank stating your issue. This can be done within 60 days of receiving the bill.
• You must collect all the relevant proofs to state your issue, including payment receipts, transaction history and more

Q. How can I open my YES Bank Credit Card Statement pdf file?

A. The bank has a set format of password to open the credit card statement pdf file. The password is a combination of your customer ID and date of birth. For example, if your customer ID is 1234567 and your date of birth is 1 February, 1990, then the password to open your pdf file will be 123456701021990.

Q. Can I view YES Bank Credit Card Statement without logging in to the net banking portal?

A. No, you need to log in to the net banking portal of the bank if you want to download your credit card statement online. You can log in using your user ID and password and visit the ‘Credit Card’ section to view the statement. If you don’t want to log in, then you can also call customer care and request for a statement.

Q. Does YES Bank incur charges for downloading the statement?

A. No, there are no charges levied on downloading the credit card statement through the net banking portal. However, the bank will charge a nominal fee if you want to receive a physical statement.