Yes Bank RuPay Credit Card Review

General Information

Rewards and Benefits

Fees and Charges

Summary

A credit card that is free for life without any fees for joining or renewing. It offers the convenience of conducting UPI transactions. It is a virtual card without any physical card option. Earn 8 Reward Points for every Rs. 200 spent on UPI transactions above Rs. 2000, and 2 Reward Points for every Rs. 200 spent on other online purchases. Additionally, enjoy a low forex markup fee of only 2.75% on the transaction amount.

The Yes Bank RuPay Credit Card is a suitable choice for shopping enthusiasts, offering a range of benefits without any joining or renewal fees.

With a reward system based on Reward Points (RPs), this card allows you to earn 8 RPs for every Rs. 200 spent on UPI transactions above Rs. 2000 and 2 RPs for every Rs. 200 spent on other online purchases.

While there are no specific welcome benefits, movie dining experiences, or travel perks associated with this card, it makes up for it with its focus on shopping rewards.

Please note that there are no benefits related to domestic or international lounges, golf privileges, or insurance coverage.

The Yes Bank RuPay Credit Card does not offer any spend-based waivers, and there is a redemption fee of Rs. 100 per redemption request for converting your earned RPs into rewards.

Additionally, for transactions in foreign currencies, there is a markup of 2.75% on the transaction amount.

If you carry a balance on your credit card, it's important to be aware that the interest rate is a significant 3.8% per month or an annual percentage rate of 45.6%.

However, the card does provide a 1% fuel surcharge waiver on spends between Rs. 400 to Rs. 5000, with a maximum benefit capped at Rs. 125 per statement cycle.

This card does not offer the option of cash advances.

In summary, the Yes Bank RuPay Credit Card is a cost-effective option for shopping enthusiasts looking to earn rewards on their purchases.

While it may not provide benefits in other areas such as travel or lounges, its focus on shopping rewards makes it a suitable choice for those who primarily use their credit card for shopping transactions.