The YES Bank EMI Credit Card is a credit card specifically designed to provide convenient and flexible repayment options for purchases to cardholders. It allows cardholders to convert their large purchases into easy monthly installments.
The card also offers additional features and benefits, such as reward points on purchases, discounts at partner merchants, and access to exclusive offers and promotions.
With a modest annual membership fee of Rs. 499, this cost can be nullified by meeting the prescribed annual spending target in the preceding year. Noteworthy features include the automatic EMI conversion, ensuring that all transactions exceeding Rs. 5,000 seamlessly transition into manageable EMIs.
Moreover, this card extends attractive cashback perks, allowing users to accrue up to 3% cashback on eligible transactions. This combination of flexibility and rewards enhances the appeal of the EMI Credit Card for those seeking a convenient and financially rewarding payment solution.
Table of Contents
Benefits and Features of YES Bank EMI Credit Card
| Benefits and Features | YES Bank EMI Credit Card |
|---|---|
| Welcome Benefits | N/A |
| Cashback/Rewards Points | Receive a 1% cashback on every retail purchase, along with an exclusive 3% cashback on selected transactions through YES Cart. |
| Travel Benefits | N/A |
| Dining Benefits | N/A |
| Domestic Lounge Access | N/A |
| International Lounge Access | N/A |
| Movie Benefits | N/A |
| Insurance Benefits | N/A |
Rewards Benefits
YES EMI Credit Card users can enjoy attractive cashback rates on diverse transactions:
- 3% Cashback on YES Cart Transactions: Earn a generous 3% cashback on specific merchant transactions made through YES Cart, the exclusive rewards and deals portal of YES Bank. Please note that the cashback in this category is subject to a monthly cap of Rs. 1,000.
- 1% Cashback on All Other Retail Purchases: Receive a 1% cashback on all remaining retail purchases, ensuring savings on various transactions. The monthly cashback for this category is capped at Rs. 500.
- No Cashback on EMI Converted Transactions: It’s important to note that transactions converted into EMIs do not qualify for cashback benefits. Ensure optimal utilization of your YES EMI Credit Card to maximize your savings.
Auto-EMI Conversion
All the transactions done using YES Bank EMI Credit Card are eligible for automatic EMI conversion with the following interest rates and tenures:
| Transaction Value | Interest Rate | Tenure |
| Rs. 5,000 to Rs. 10,000 | 16% per annum | 3 months |
| Rs. 10,001 to Rs. 20,000 | 16% per annum | 6 months |
| Rs. 20,001 to Rs. 5,00,000 | 16% per annum | 12 months |
The amount you’re eligible to pay in instalments will be converted within 5 working days. Keep in mind that there will be an interest rate of 16% per year on the remaining balance each month. Also, there’s a 1% fee for processing the instalment payments automatically
Eligibility & Document for YES Bank EMI Credit Card
Read the article on CardsPreview.com for YES Bank EMI Credit Card Eligibility & Document here.
Fees & Charges
| Fees & Charges | YES Bank EMI Credit Card |
|---|---|
| Joining fee | Rs .499 |
| Annual fee | Rs .499 |
| Fee waiver | If your annual spending has surpassed 1.2 lakhs in the previous year, you can enjoy a waiver on the annual fee. |
| Fuel surcharge | 1% fuel surcharge waiver, capped at Rs. 250 per month. Explore the advantages of our offerings and make the most of your card benefits. |
How to Apply for YES Bank EMI Credit Card
You can apply online or offline for this YES Bank EMI Credit Card.
Online – Visit Yes Bank’s official website and apply for this credit card.
Offline – You can visit the nearest Yes Bank branch with all the necessary documents.
