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Yes First Preferred Credit Card
Annual Fees
999
Add to Compare
Percentage Savings range
1%
Use this for travel and dining
Reward Type
Reward Points
Welcome Benefits
Not Available *
Minimum Income
24L
Lounge Access
2 per quarter
Rewards
Core Rewards :
- 8% RP 16 Reward points per Rs. 200 on Travel & Dining Category
- 4% RP 8 Reward points per Rs. 200 on all online and offline transactions
- Accelerated points on travel and dining are capped at 3,000 per month.
Milestone Rewards :
- Monthly : Not Available
- Quaterly : Not Available
- Annual : Not Available
No rewards on spends : Wallet, Fuel
Rewards Redemption
How to Redeem :
- redeeming rewards points for Vouchers and Airmiles
Redemption options : Vouchers and Airmile
Redemption fee : 100
Transfer partners :
- Intermiles
- Air Vistara (CV Points)
Complementary Benefits
Lounge access :
- Domestic Lounge : 2 per quarter
- International Lounge : 4 per year
- Railway Lounge : Not Available
Insurance Benefits :
- Lost card liability : Upto Credit limit
- Personal accidental insurance : 25L for emergency hospitalisation abroad
- Air accidental insurance : 1 Cr.
Other Benefits :
- Lounge Membership : PriorityPass - International Lounge Access
- Memberships Available With Cards : N/A
- Spa Benefits : Not Available
Golf Benefits :
- Lessons : 1 per month
- Games : 4 per year
Fees
Joining fees : 999
Annual fees : 999
Welcome Benefits : N/A
Quaterly Benefits : N/A
Annual Benefits : N/A
Forex markup charges : 1.75%
Fee reversal criteria : Joining Fees- Spend Rs. 55,000 in first 90 days; Annual Fees- spend 4L in a year
Eligibility
Minimum age : 21
Minimum ITR : 24L
Minimum Salary : 2L
Yes First Preferred Credit Card Welcome Benefits
- Welcome benefit: Receive e-vouchers worth Rs. 5,000 from select brands. Enjoy shopping, travel, fashion, and more with these versatile vouchers. Elevate your lifestyle from the moment you get your SBI Elite Credit Card.
- Explore premium choices in travel, clothing, footwear, and shopping.
- Your gateway to luxury and rewards begins with this exclusive welcome offer.
Yes First Preferred Credit Card Reward Points/Cashback
The Yes First Preferred Credit Card offers:
- Core Rewards: Earn 16 Reward Points per Rs. 200 on Travel & Dining and 8 Reward Points on other transactions.
- Milestone Rewards: Not available.
- Movie & Dining: Enjoy a 25% discount on movie bookings through BookMyShow.
- Rewards Rate: Earn 4 reward points per Rs. 200 on select categories and 8 reward points on other retail purchases.
- Reward Redemption: 1 Reward Point equals Re. 0.25 for hotel/flight bookings and Re. 0.10 for gift vouchers and products.
- Travel: Receive 4 complimentary international lounge access visits and 2 domestic lounge visits.
- Golf: Enjoy 4 complimentary green fee rounds annually.
- Lounge Access: Get 2 domestic lounge visits per quarter and 4 international lounge access visits every year.
- Insurance Benefits: Life insurance of up to Rs. 1 crore for flight accident-related death and medical insurance of Rs. 25 lakhs for emergency hospitalization.
- Zero Liability Protection: Protection against lost or stolen cards when reported within 3 days.
Yes First Preferred Credit Card Reward Point Redemption
You can easily redeem your reward points with the Yes First Preferred Credit Card:
- Redemption Options: You can use your reward points for gift vouchers and statement cash.
- Redemption Fee: There is no fee for redeeming your points.
- Transfer Partners: The card does not offer any transfer partners.
- Value: Each reward point is worth Re. 0.25 when redeemed for gift vouchers, products, or cashback.
Pros of Yes First Preferred Credit Card
- Attractive welcome benefits worth Rs. 5,000.
- Access to domestic and international airport lounges.
- Complimentary golf rounds and insurance coverage.
- High rewards rate on select categories.
- Zero liability protection against lost or stolen cards.
Cons of Yes First Preferred Credit Card
- High annual fee and renewal fee.
- Limited redemption options for reward points.
- Limited welcome benefits compared to other premium cards.
Yes First Preferred Credit Card Benefits
- Welcome e-vouchers worth Rs. 5,000.
- Reward points on travel, dining, and other retail purchases.
- Discount on movie bookings through BookMyShow.
- Complimentary international and domestic lounge access.
- Insurance coverage for flight accident and hospitalization.
- Zero liability protection against lost or stolen cards.
- Complimentary golf rounds.
Yes First Preferred Credit Card Charges and Fee
Here are the charges and fees associated with the Yes First Preferred Credit Card:
- Joining Fee: Rs. 2,999 (One-time)
- Annual Fee (First Year): Rs. 2,999 (Waived on spending Rs. 3 lakhs in the first year)
- Annual Fee (Subsequent Years): Rs. 2,999
- Interest Rate: 3.35% per month
- Cash Advance Fee: 2.5% of the amount withdrawn or Rs. 500, whichever is higher
- Late Payment Fee: Up to Rs. 950
- Overlimit Fee: 2.5% of the overlimit amount (Min. Rs. 500)
- Foreign Currency Transaction Fee: 1.99%