YES Bank has brought out YES Prosperity Business Credit Card for corporate employees. The card offers lots of benefits such as lounge access, golfing offers and so on. Additional details of the card are given below.
YES Prosperity Business Credit Card - Features
The features associated with YES Prosperity Business Credit Card are:
Reward Points – The reward points that can be earned on this credit card are:
- 8 reward points are earned per Rs. 200 spent on travel-related expenses and dining
- 4 reward points are earned on every Rs. 200 spent on other categories
- 500 Reward points are earned on each YES PayNow registration
Annual Reward Points – Customers get 10,000 reward points on spending Rs. 6.00 lakh annually
Welcome & Renewal Benefits – Cardholders get 10,000 reward points on the first transaction made within 30 days of card issuance. On renewal fee payment users get 7,500 reward points
Reward Point Redemption – Users get to redeem reward points against office supplies, hotel, and flight bookings. The reward point conversion rate is 8 Reward Point = 1 JPMile / 1 Club Vistara Point
Fuel Surcharge Waiver – 1% Fuel surcharge waiver is given to users if they spend between Rs. 400 and Rs. 5,000
Airport Lounge Access – Users get access to following Lounges
- Priority Pass Membership – Users get free Priority Pass Membership. Also, primary cardholder get 3 Free International lounge access
- MasterCard Lounge Access – Cardholders get 2 complimentary access to domestic lounges per quarter
Golf Access – Customers get green fee waiver at select golf courses in India. Moreover, users get to avail one free golf lesson per month
Insurance Coverage –
- INR 50 Lakhs Air accidental cover in case of death due to a flight accident
- INR 15 Lakhs cover on medical emergencies, while travelling overseas
- INR 2.5 Lakhs credit shield cover on the accidental death of Primary Cardmember
YES Prosperity Business Credit Card - Benefits
The benefits associated with this credit card are:
Foreign Fee Markup – The mark-up fee is just 2.50% on this credit card
Insurance – Users get the following coverage through this credit card:
- Credit Shield – In the event of the primary card holder’s death. Outstanding amount up to Rs. 2.50 lakh is waived
- Air Accident Cover – Coverage up to Rs. 50 lakh for death due to air accident is provided to the primary cardholder
- Medical Emergencies – Customers are provided medical coverage up to Rs. 15 lakh in medical coverage while overseas
Also Read- Yes Bank Credit Card Insurance Plan
YES Prosperity Business Credit Card - Fees and Charges
Refer to the table below to understand the fees and charges associated with YES Prosperity Business Credit Card-
|Joining Fee||Rs. 2,499|
|Renewal Fee||Rs. 2,499|
|Interest Rate on Revolving Credit||3.5% per month (42% annually) on Revolving Credit, Cash Advances and Overdue Amount|
|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||3.00%|
|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 Prosperity Business Credit Card - Eligibility Criteria
|Occupation||Self-employed, Proprietors and Partners in Partnership firms|
|Income||Minimum Income Tax Return of INR. 5 Lakhs|
|Age||21 to 70 years|
|Documents Required||Click Here for the list of acceptable documents|
Frequently Asked Questions(FAQs)
Who can apply for this credit card?
Indian Corporations whose Income Tax returns are over Rs. 5.00 lakh only can apply for this credit card.
What is the annual fee charged on YES Prosperity Business Credit Card?
The annual fee charged on YES Prosperity Business Credit Card is Rs. 2,500.
What is the foreign transaction markup fee on YES Prosperity Business Credit Card?
The markup fee is just 3.00% on YES Prosperity Business Credit Card.
Does YES Prosperity Business Credit Card provide lounge access?
Yes, users get 3 free visits to Priority Pass international lounges and 2 free accesses to MasterCard domestic lounges.
Other Lounge Access Credit Cards
People also looked for the following lounge access credit cards:
|Credit Card||Annual Fee||Key Feature||Paisabazaar Rating|
|Complimentary Vistara Lounge Access and membership to the VISA lounge access program|
|6 complimentary airport lounge visits per year, outside India and 2 complimentary domestic airport lounge per quarter|
|Users get 1 complimentary airport lounge visit per quarter|
|Get access to over 850 airport lounges across the world after making at least 4 valid transactions within the last 60 days|