YES FIRST Business Credit Card - Features
The features associated with YES First Business Credit Card are:
Reward Points – The reward points that can be earned on this credit card are:
- 8 reward points for every Rs. 100 spent on travel agencies and tour operators, domestic airlines and dining
- 4 reward points are earned on every Rs. 100 spent on other categories
- 1,000 Reward points are earned on each YES PayNow registration
Annual Bonus Rewards – Customers earn 20,000 bonus reward points on spending Rs. 12.00 lakh in a year
Welcome & Renewal Benefits – Users can earn 24,000 reward points on the first transaction made within 30 days of card setup. Each subsequent renewal also gets the user 24,000 reward points
Reward Point Redemption – Users get to redeem reward points against the hotel, flight, office supplies. 4 Reward Point = 1 JPMile / Re. 1
Fuel Surcharge Waiver – Users get fuel surcharge waiver if they transact between Rs. 400 and Rs. 5,000
Lounge Access – Users get access to following Lounges
- Priority Pass Membership – Users get free Priority Pass Membership. 6 Free International lounge access for the primary card holder
- MasterCard Lounge Access – Customers get 3 free access to domestic lounges per quarter
Golf Access – Users get green fee waiver at some golf courses in India. Also, customers get to avail one free golf lesson every month
YES FIRST Business Credit Card - Benefits
The benefits associated with this credit card are:
Foreign Fee Markup – The markup fee is just 1.75% on this credit card
Concierge Service – Users get to enjoy YES Assist that offers exclusive concierge assistance for hotel reservations, flower and gift delivery, special event reservation, movies and much more
Insurance – Users get the following coverage through this credit card:
- Credit Shield – Under this scheme cardholder’s outstanding amount is insured and the customer or their family does not have to pay the bill in case of primary cardholder’s death by accident
- Air Accident Cover – Users are insured up to Rs. 1 Crore for death due to air accident
- Medical Emergencies – Customers get up to Rs. 25 lakh in medical coverage while abroad
Also Read: Yes Prosperity Business Credit Card
YES FIRST Business Credit Card - Fees and Charges
The below-given table shows fees and charges related to this credit card-
|Joining Fee||Rs. 5,000|
|Renewal Fee||Rs. 5,000|
|Interest-free Period||Up to 50 days|
|Cash Withdrawal Limit||30% of the credit limit|
|Finance Charges/Cash Advance Fee||3.50% of the amount|
|Overlimit Fee||2.5% of the over-limit amount (Min. Rs. 500)|
|Foreign Exchange Mark-up||1.75%|
|Late Payment Charges||For balance-|
Below Rs. 100- Nil
From Rs. 100 to Rs. 500- Rs. 100
From Rs. 501 to Rs. 5,000- Rs. 400
From Rs. 5,001 to Rs. 20,000- Rs. 500
Above Rs. 20,000- Rs. 700
|Add-on Card Fee||Nil (up to 3 cards can be issued)|
|Payment Return Charges (Autopay/Cheques)||Rs. 350 per instance|
YES FIRST Business Credit Card - Eligibility Criteria
The eligibility criteria for YES First Business Credit Card are:
Age Criteria – Applicant should be between the ages of 21 to 70 years old
Income – The Income Tax Returns must be Rs. 10 lakh
Nationality – Customer must be an Indian National
The card is available to Self Employed, Proprietors and Partners of Partnership firms.
Frequently Asked Questions(FAQs)
What is the joining fee and renewal fee on this credit card?
Users will have to pay a joining fee & Renewal Fee of Rs. 5,000.
What is the foreign transaction markup fee on this credit card?
The markup fee is just 1.75% on YES Bank FIRST Business Credit Card.
Does the card come with Concierge Services?
Yes, the concierge service is called YES Assist which can be availed by every cardholder.
Does the card provide lounge access?
Yes, users get access to lounges through Priority Pass Membership and MasterCard lounges.
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