Yes Bank First Exclusive/RESERV Credit Card Review

General Information

Rewards and Benefits

Fees and Charges

Summary

Earn 24 Reward Points for every Rs. 200 spent on online shopping. Get 12 Reward Points for every Rs. 200 spent offline. Receive 6 Reward Points on every Rs. 200 spending in select categories such as insurance, education, and government payments. Enjoy discounted rates on movie tickets at BookMyShow. Avail of 3 free domestic airport lounge visits per quarter.

The Yes Bank First Exclusive/RESERV Credit Card is a comprehensive card that offers a range of benefits, making it an excellent choice for frequent travelers and shoppers.

Here is a detailed review of the card's features: Joining and Renewal Fees: The card comes with a joining fee of Rs. 1,999 plus GST, and a renewal fee of Rs. 1,999 plus GST.

While the fees may seem a bit high, the benefits offered by the card more than justify the cost.

Reward Points: The card's reward program is based on Reward Points (RPs), which can be earned for both online and offline purchases.

You can earn 24 Reward Points for every Rs. 200 spent online and 12 Reward Points for every Rs. 200 spent on offline shopping.

Additionally, the card offers 6 RPs on select categories.

This makes it a great choice for those who enjoy shopping and want to maximize their rewards.

Movie and Dining Benefits: Cardholders can enjoy a 25% discount on movie tickets booked on BookMyShow, adding value to their entertainment experiences.

The card also provides dining offers at select restaurants, making it an ideal option for food lovers.

Lounge Access: For frequent travelers, the Yes Bank First Exclusive/RESERV Credit Card offers several lounge access benefits.

Cardholders can enjoy 12 domestic lounge visits every year, with a limit of 3 per quarter.

Additionally, the card provides 6 complimentary airport lounge visits outside India through the Priority Pass Program.

Golf Privileges: This credit card caters to the needs of golf enthusiasts as well.

Cardholders can enjoy four complimentary rounds of golf with waived green fees.

Moreover, they can take advantage of one complimentary golf lesson per year.

Insurance Benefits: One of the standout features of this credit card is the insurance coverage it provides.

In case of an unfortunate event, the cardholder's beneficiary will receive insurance coverage worth Rs. 3 crore in case of an air accident.

Additionally, the card offers medical insurance worth Rs. 50 lakh in case of emergency overseas hospitalization.

It also provides a Credit Shield cover of up to Rs. 10 lakh against outstanding card dues in the event of the primary cardholder's death.

Spend-Based Waiver: The card offers a spend-based waiver for both the joining and renewal fees.

If you spend Rs. 40,000 within 30 days of card issuance, the joining fee will be waived.

Similarly, if you spend Rs. 3 lakh or more annually, the renewal fee will also be waived.

Foreign Currency Markup: For international travelers, the foreign currency markup rate stands at 1.75% (plus applicable taxes), which is competitive compared to other credit cards in the market.

This makes the Yes Bank First Exclusive/RESERV Credit Card an attractive choice for overseas transactions.

Interest Rate: The card carries an interest rate of 2.99% per month, which translates to an annual percentage rate (APR) of 35.88%.

It is important to take note of the interest rate when considering this card and ensure that you pay off the outstanding balance on time to avoid high interest charges.

Fuel Surcharge: Cardholders can enjoy a waiver of the 1% fuel surcharge on transactions between Rs. 400 to Rs. 5000 at fuel stations across India.

The waiver is capped at Rs. 1000 per month.

Cash Advance: The cash advance feature allows cardholders to withdraw cash from ATMs.

However, a fee of 2.5% or Rs. 500 (whichever is higher) is applicable.

It is advisable to use this feature sparingly due to the associated charges.

Rewards Redemption Fee: To redeem reward points, a fee of Rs. 100 plus GST is charged.

Keep this in mind while planning to redeem your accumulated points.

In conclusion, the Yes Bank First Exclusive/RESERV Credit Card is a top-notch card offering a wide range of benefits, making it an excellent choice for frequent travelers and shoppers.

With its generous reward program, lounge access, insurance benefits, and other privileges, this card provides significant value for its annual fee.

However, it is important to consider the interest rate and fees associated with cash advances and rewards redemption.