While the reward earning rate on YES Reserv is impressive, its poor redemption ratio of 4:1 significantly reduces the overall value. Though the cardholders can further accelerate their earnings by opting for a reward subscription plan, this comes at a steep price. For example, choosing the Rs. 3,500 subscription plan results in a 6% value-back on online spends—but the total annual cost rises to Rs. 5,999 (Rs. 3,500 for the plan + Rs. 2,499 annual card fee). In comparison, consumers could achieve better value at the same price by opting for category-specific cards that offer similar or higher returns, along with additional perks like lounge access, hotel privileges, dining, and movie benefits.
Yes Bank
YES Bank RESERV Credit Card
Lounge Access
Reward Points
Online Shopping
1st Year Fee: ₹2,499* Plus Applicable Taxes
Online Shopping
24 reward points per Rs. 200 on online spends
Lounge Access
Up to 18 complimentary lounge visits every year
Travel Benefit
Relatively low forex mark-up fee of 1.75%
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About YES Reserv Credit Card
Previously known as YES FIRST Exclusive, the YES Reserv Credit Card is designed to offer all-round benefits to its users. It offers accelerated earnings on online spends and rewards on often-excluded categories like insurance and utilities, making it a solid option for high-spenders. Benefits like lounge access and low forex mark-up fee make this card a good choice for frequent travellers as well. However, beyond these benefits, the card lacks lifestyle benefits across movies and dining, which are commonly found in other mid-range cards. Read on to know the detailed features and benefits of YES Reserv followed by its review.
Note: This Card is not available on Paisabazaar. The content on this page is for information only. To express interest in this card, please visit YES Bank’s website.
YES Reserv Rewards Structure
Reward Earning
- 24 YES Rewardz Points for every Rs. 200 spent on online shopping
- 12 YES Rewardz Points for every Rs. 200 spent on offline spends1
- 6 YES Rewardz Points for every Rs. 200 spent on select categories2
- Earning is capped at 36,000 YES Rewardz Points per billing cycle
Reward Subscription Plan
Apart from the regular reward structure mentioned above, YES Bank offers paid reward subscription plans, which allows cardholders to earn up to 5X rewards on the same spends. The subscription fee varies across card variants; fees for YES Reserv Credit Card are shown below:
- Plan 1 (Rs. 3,500) – 2X rewards on online spends and 3X rewards on offline & select categories
- Plan 2 (Rs. 5,000) – 3X rewards on online spends and 5X rewards on offline spends
Click here for details on subscription plans
Other Features and Benefits
Travel Benefits
- 3 complimentary domestic lounge visits per quarter3
- 6 complimentary international lounge visits per calendar year
- Low Forex Mark-up Fee of 1.75%
Golf Benefits
At select golf courses in India, cardholders can get:
- 4 green fee waiver every year
- 1 complimentary golf lesson every year
Other Benefits
- 8,000 bonus reward points on card renewal
Despite charging an annual fee of Rs. 2,499, the additional benefits on YES Reserv are limited. While the forex mark-up fee is lower than the standard 1.75%, it still falls short when compared to travel-focused cards like Federal Scapia and Ixigo AU, which offer zero forex mark-up fee. Beyond lounge access and the reduced forex fee, the card lacks meaningful travel perks. It also lacks milestone benefits that could help high-spenders maximize value. With no standout advantages in any particular category, the card struggles to find its position among other mid-range all-rounder options.
Fees & Charges
| Particulars | Amount | ||||||
|---|---|---|---|---|---|---|---|
| Joining Fee | Rs. 2499 + Taxes (waived off on spending Rs. 40,000 or more in the first 30 days) | ||||||
| Annual Fee | Rs. 2499 + Taxes (waived off on spending Rs. 3 Lakh or more in the preceding year) | ||||||
| Finance Charges | 3.99% per month (47.88% per annum) | ||||||
| Late Payment Charges |
|
Things to Know Before you apply
Get this card if:
You do most of your shopping online and want to earn higher value-back on this spend
You can spend Rs. 3 Lakh in a year to get the annual fee waiver
You want to earn rewards on utilities, insurance, education and telecom payments but they are excluded from your existing cards
You travel several times in a year and complimentary lounge access would be a valuable feature for you
Eligibility Criteria
Age: 21 to 60 years
Occupation: Salaried or Self-employed
Minimum Income for Salaried: Rs. 2 Lakh p.m.
Minimum Income for Self-employed: ITR of Rs. 18 Lakh or above
Paisabazaar Review
What do we like about this card?
YES Reserv Credit Card makes a strong first impression with a good reward earning on online spends, along with offering benefits on commonly excluded categories like insurance and utilities. The card is particularly suited for high-spenders who prefer making most of their purchases online. Frequent flyers may also find value in the low forex mark-up fee and international lounge access. However, the card falls short in several key areas. A poor redemption ratio dulls its high earning rate and the lack of lifestyle benefits makes it less competitive among other all-rounder cards.
Pros
- Accelerated rewards across all online spends without brand restrictions
- Up to 6 international and 12 domestic lounge visits every year
- Relatively low forex mark-up fee of 1.75%
- Complimentary golf lessons and rounds at select golf courses in India
Cons
- Reward rate is low in comparison to other cards at this price point
- Reward earnings are capped at 36,000 points in a year
Frequently Asked Questions
Everything you need to know about this credit card
YES FIRST Preferred and YES Reserv have their own pros and cons. YES Reserv’s rewards program is more focused on online spends whereas YES FIRST Preferred offers the same reward rate across all eligible categories (except select categories where you get rewards at lower rate). Both the cards offer domestic and international lounge visits, low forex mark-up and golf benefits. However, they differ in important aspects like annual fees, eligibility criteria, and reward caps. Before choosing a card, you must see if the benefits align with your spending patterns.
The credit limit you get depends on several factors including your income, credit score, highest credit limit on your existing cards, and the bank’s internal policies. Your exact credit limit will be communicated only after the card is issued.
In addition to the standard reward structure, YES Bank offers paid reward acceleration plans that allow cardholders to earn 2X, 3X, or even 5X rewards on their spends. These plans can be selected based on individual spending preferences, and the subscription fees vary depending on the card variant and the chosen plan.
Yes. You can get the annual fee waived off on spending Rs. 3 Lakh or more in the preceding year. However, if you cannot meet this spending condition, the annual fee will be charged and you will get 8,000 bonus reward points as renewal benefit.
No, YES Reserv Credit Card does not offer any milestone benefits.
Footnotes
- YES Rewardz Points will not be accrued on Government & Marketing / Advertising category transactions, Rental, Cash withdrawals, Wallet and Fuel, Post Purchase EMI & Instant EMI transactions.
- Select Categories include Cable, Satellite and Other Pay Television/Radio/Streaming Services, Utilities, Insurance and Educational Services
- Cardholders must spend Rs. 1 Lakh or more in the previous calendar quarter to be eligible for complimentary domestic lounge access
Click here to know More Terms and Conditions
Rupanshi Thapa
Rupanshi is a personal finance writer, specializing in credit cards and consumer finance. Her work is committed to helping readers navigate the complex world of credit with confidence– whether they are selecting the right credit card, optimizings rewards, managing debt, or improving their financial well-being. Through her detailed insights and actionable advice, she guides readers towards smarter financial choices.
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