YES Bank EMI Credit Card Review

General Information

Rewards and Benefits

Fees and Charges

Summary

This card offers a 3% cashback on specific purchases, while providing 1% cashback on all other retail transactions. Additionally, it automatically converts large transactions into easy monthly installments (EMIs). The annual membership fee can be waived based on spending. Moreover, there is a 1% fuel surcharge waiver. Lastly, there are enticing extra deals available on YES Cart.

The YES Bank EMI Credit Card is a shopping-focused credit card that offers users the convenience of EMI options for their purchases.

With a reasonable joining fee of Rs. 499 + GST and renewal fee of Rs. 499 + GST, this card provides good value for money.

For those who love to shop, this credit card has a reward type of Reward Points.

Additionally, it offers 1% cashback on all retail purchases and a generous 3% cashback on selected transactions through YES Cart.

This makes it an ideal card for frequent shoppers looking to earn rewards and save money.

Unfortunately, the YES Bank EMI Credit Card does not offer any welcome benefits, movie dining offers, or travel perks.

It also does not provide any lounge access for domestic or international travel, golf privileges, or insurance benefits.

However, there is a spend-based fee waiver feature.

Users can enjoy a waiver of the renewal fee of Rs. 499 by spending Rs. 1.2 lakhs or more in the previous anniversary year.

This provides an incentive for cardholders to make the most out of their spending and save on the annual fee.

Unlike some credit cards, this one does not charge any rewards redemption fees.

This means users can easily redeem their accumulated Reward Points without any additional charges.

It is worth noting that the YES Bank EMI Credit Card has a foreign currency markup of 3.5% of the total amount.

This can be a drawback for frequent international travelers, as this fee can add up over time.

The interest rate for this credit card is 3.5% per month, which is in line with industry standards.

Cardholders should be mindful of this rate and ensure they pay their bills on time to avoid incurring high interest charges.

When it comes to fuel surcharges, the YES Bank EMI Credit Card offers a 1% fuel surcharge waiver capped at Rs. 250 per month.

This can be a useful benefit for those who frequently use their credit card for fuel purchases.

For cash advances, the card charges 2.5% of the withdrawn amount or a minimum of Rs. 500.

Cardholders should be aware of this fee and try to avoid cash advances whenever possible to minimize additional charges.

In summary, the YES Bank EMI Credit Card is a suitable choice for individuals who enjoy shopping and want to maximize their cashback rewards.

While it may not offer a wide range of additional benefits, the spend-based fee waiver and lack of rewards redemption fees make it a practical and cost-effective option.

However, international travelers should consider the foreign currency markup, and all users should be mindful of the interest rates and cash advance fees associated with this card.