In addition to this, consumers can also apply for entry-level credit cards that come with relaxed eligibility criteria and comparatively better benefits than secured credit cards. Read on to know more about YES BANK secured credit cards.
YES BANK Credit Card Against FD
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Compare Top YES BANK Credit Cards Against FD
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Travel
Dining
Cashback
6% cashback across all travel spends
6% cashback on all dining spends
1% unlimited cashback on UPI transactions
Joining Fee: ₹0+ Taxes
Annual/Renewal Fee: ₹0+ Taxes
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Shopping
Rewards
Online Shopping
4X rewards on online spends
2X rewards on offline spends
1% fuel surcharge waiver on fuel spends
Joining Fee: ₹499+ Taxes
Annual/Renewal Fee: ₹499+ Taxes
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Lounge Access
Rewards
Online Shopping
2X rewards on online transactions
Up to 4 domestic lounge visit every year
Comparatively low forex mark-up fee of 2.75%
Joining Fee: ₹599+ Taxes
Annual/Renewal Fee: ₹599+ Taxes
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*Terms & Conditions
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Features & Benefits of YES BANK Credit Cards Against FD
Here are some of the key features and benefits of YES BANK Credit Cards against FD along with their fees and charges:
1. YES BANK Paisabazaar PaisaSave Credit Card
Joining Fee: Nil
Annual Fee: Rs. 499 + Applicable Taxes
YES BANK Paisabazaar PaisaSave Credit Card is an entry-level credit card designed for consumers who frequently travel and dine out. The card offers up to 6X cashback on these categories. In addition, cardholders can earn benefits on UPI spends through the RuPay Credit Card network. This card is a suitable option for new-to-credit consumers who are planning to start their credit journey with a low annual fee card with basic yet useful benefits. Some of the key features and benefits of this card are as follows:
2. YES BANK ACE Credit Card
Joining Fee: Rs. 499 + Applicable Taxes
Annual Fee: Rs. 499 + Applicable Taxes
YES BANK ACE Credit Card is a rewards credit card suitable for consumers who prefer to spend online, as it offers up to 4X reward points on online spends. Besides this, the card also offers basic benefits such as a joining and annual fee waiver, along with a fuel surcharge waiver. This YES BANK credit card against FD is a good option for saving on everyday online and offline spends, especially for users looking to build or manage their credit profile. Given below are some of the major benefits of this credit card:
3. YES BANK SELECT Credit Card
Joining Fee: Rs. 599 + Applicable Taxes
Annual Fee: Rs. 599 + Applicable Taxes
YES BANK SELECT Credit Card primarily caters to online shopping and travel categories. Cardholders can earn 4X reward points on online spends, along with travel benefits such as complimentary airport lounge access and a low forex markup fee. This credit card is a suitable option for consumers seeking a basic yet well-rounded card that offers reasonable rewards, travel, and lifestyle benefits at a nominal annual fee. Below mentioned are some of the major benefits offered by this credit card:
YES BANK Credit Cards Against FD: Eligibility Criteria
The eligibility criteria vary from one card to another. However, the common eligibility criteria to apply for a YES BANK Credit Card against FD are given below:
How to Apply for YES BANK Credit Cards Against FD
Follow the below mentioned steps for apply for YES BANK secured credit cards:
Step 1: Open a Fixed Deposit with YES BANK. The FD amount will decide your credit limit.
Step 2: Fill out the application form for a YES BANK Credit Card against FD.
Step 3: Complete KYC by submitting identity, address proof, and FD details.
Step 4: After verification, the bank approves the request and issues your FD-backed credit card.
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FAQs
What is a YES BANK secured credit card?
A YES BANK secured credit card is issued against a fixed deposit opened with YES BANK. The FD acts as collateral, reducing the bank’s risk and allowing users with no credit history to access a credit card. It helps users build or improve their credit score through responsible usage.
Who should apply for a YES BANK credit card against FD?
YES BANK credit cards against FD are ideal for new-to-credit consumers, students, homemakers, or individuals with low or no credit score. These cards allow users to avail credit card benefits while maintaining financial discipline and improving creditworthiness over time.
How is the credit limit decided on YES BANK secured credit cards?
The credit limit on a YES BANK secured credit card is usually a percentage of the fixed deposit amount. In most cases, the limit ranges between 75% and 90% of the FD value, depending on the specific card and bank policies.
Is a credit score required to apply for YES BANK secured credit cards?
No, a credit score is not required to apply for YES BANK secured credit cards. Since the card is backed by a fixed deposit, approval is easier even for applicants with no credit history or limited credit exposure.
Can YES BANK credit cards against FD help improve credit score?
Yes, YES BANK secured credit cards can help improve your credit score if used responsibly. Timely bill payments, and consistent usage are reported to credit bureaus, helping you build a strong credit profile over time.
What happens to the fixed deposit if I close the YES BANK credit card against FD?
If you choose to close your YES BANK secured credit card, the linked fixed deposit is released after settling all outstanding dues. Once cleared, the FD amount is returned along with applicable interest as per bank terms.
Can I upgrade from a YES BANK secured credit card to an unsecured card?
Yes, after maintaining a good repayment history and improving your credit score, you may become eligible for an unsecured YES BANK credit card. However, the upgrade depends on your credit profile, income eligibility, and internal bank assessment.
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