pb logo
Search Credit Card  

YES Bank Credit Card Fees and Charges

Home YES Bank YES Bank Credit Card Fees and Charges

YES Bank credit cards are loaded with a variety of features and benefits like rewards, cashback, lounge access, free golf games, complimentary tickets and much more. In order to avail these benefits you have to bare some fees and charges as per the variant of your credit card. Here we will discuss all the YES Bank credit card fees and charges along with other details like cash withdrawal limit, over limit penalty, interest-free period and much more.

Check Pre-Approved Credit Cards
for you in Just One Click

  • 50+ Credit Cards from Top Banks

  • Compare Best Offers

  • Completely Digital Process

Edit Digits Only

Error: This is invalid mobile number

Error: Please accept the undertaking to proceed further
×

Exclusive Pre-Approved Cards waiting for you

  • 50+ Credit Cards from Top Banks

  • Compare Best Offers

  • Completely Digital Process

Edit

Error: Please enter a valid number

Updated: 13-11-2024 08:13:08 AM

YES Bank offers credit cards for varying individual needs like shopping, travelling, dining, etc. You can choose any of the YES Bank credit cards based on your spending behaviour and repayment capacity. However, you need to pay some charges like annual fee, reward redemption fee and more to avail the benefits offered by credit cards. Besides this, the bank also applies penalties if you do not use your credit card responsibly. The charges incurred by the bank may vary from one card to another. Below mentioned are the details regarding them:

YES Bank Credit Card Charges
Interest Rate/ Finance Charges Cash Withdrawal Charges
Annual/ Renewal Fee Forex Charges
Late Payment Charges Over Limit Fee
Other Fees & Charges
YES Bank Credit Card Interest Rate/ Finance Charges
When does YES Bank charge Credit Card Interest Rate
How YES Bank Credit Card Interest Rate is Calculated
YES Bank Credit Card Interest-free Period
YES Bank Credit Card Cash Withdrawal Charges
YES Bank Credit Card Annual/ Renewal Fee
YES Bank Credit Card Forex Charges
YES Bank Credit Card Late Payment Charges
YES Bank Credit Card Over Limit Fee
Other Fees & Charges on YES Bank Credit Cards
YES Bank Credit Card Fees & Charges: FAQs

YES Bank Credit Card Interest Rate/ Finance Charges

The finance charges applicable for YES Bank credit cards are mentioned in the table below:

Credit Card Finance Charges/ Interest Rate
YES Premia FD, YES Prosperity Edge for NRI/ YES Prosperity Rewards Plus FD 2.49% p.m. (29.88% p.a.)
YES Premia, YES Prosperity Edge, YES Prosperity Rewards Plus, YES Prosperity Rewards, YES Prosperity Business 3.60% p.m. (43.20% p.a.)
YES Prosperity Cashback, YES Prosperity Cashback Plus 3.50% p.m. (42.00% p.a.)

When does YES Bank charge Credit Card Interest Rate

Finance charge applies when you do not pay your credit card bill in full by the due date. In case you are already carrying a balance, then the finance charges will be applicable from day one. YES Bank credit card interest rates will come into play in the following scenarios:

Cash Withdrawal: YES Bank credit card interest rate will be in play from the date of transaction until it is paid off.

Partial Payment: In this scenario you pay off the Minimum Amount Due but does not pay off than the entire outstanding amount. The interest is calculated individually on all transactions from the date of transaction till it is completely paid off.

In case a purchase is partially paid off then the interest accrued will be the sum of interest accrued on the full amount from the date of transaction till the day partial payment is made and on the remaining amount till it is paid off. Do note interest is charged on a per day basis

Carrying the Balance Forward: If customers carry the balance into the next statement cycle, then YES Bank credit card interest charges will be applied by the bank.

Do Note: If you don’t pay off the entire outstanding amount by the due date then you won’t get interest free period on any new purchases.

Suggested read: What is credit card interest rate and how is it calculated?

How YES Bank Credit Card Interest Rate is Calculated

To understand how Interest Rate is calculated let us consider the following example:

Assumptions Made
Credit Card Interest Rate 3.50% per month / 42.00% per annum
Transaction date 1 July 2020
Total Amount Due Rs. 10,000
Minimum Amount Due (5% of total Outstanding) Rs. 500
Statement Date 6 July 2020
Amount Due Date 26 July 2020
Next Statement Date 6 August 2020

Minimum Amount Due is not paid: If you do not pay the Minimum Amount Due, Rs. 500, by 26 July 2020 then your credit card might get blocked. In the meantime the late payment fee and YES Bank credit card interest rate will be levied.

Partial Payment is made: If you pay off 50% of the total outstanding amount, Rs. 5000, on 21 July 2020 and doesn’t use the card until the next statement generation date, 6 August 2020. Then the applicable interest will be:

Interest Accrued = Interest accumulated on the full outstanding amount from date of transaction till the partial payment date + Interest accrued on unpaid amount from the day after date of partial payment till the upcoming statement generation date.

Interest accrued from date of transaction to partial payment date: [21(Number of days from date of transaction to partial payment date)*10,000 (Full amount) x 42.00% (Interest Rate per annum)] ÷ 365 (Days in a year) = Rs. 241.64

Interest from partial payment date to statement generation date: [15(Days between partial payment date to the day before statement generation date) x 5,000(Remaining amount) x 42.00% (Interest rate per annum)] ÷ 365 (Days in a year) = Rs. 86.30

Total Interest Amount = Rs. 327.94 [241.64 + 86.30]

YES Bank Credit Card Interest-free Period

The interest-free credit period offered by YES Bank ranges between 20-50 days, depending on the variant of your credit card. However, the interest-free period is not provided when the balance of the previous statement cycle has not been completely paid off prior to the due date. Besides this, in case you have withdrawn cash from ATM, then the interest-free period will not be applicable.

YES Bank Credit Card Cash Withdrawal Charges

You can easily withdraw cash using you YES Bank credit cards. However, credit card cash withdrawal comes with high interest charges, also known as cash advance fee. Therefore, it is advisable not to withdraw cash using your credit card. Here are the details regarding YES Bank credit card cash withdrawal:

YES Bank Credit Card Cash Withdrawal Charges
2.5% of the amount withdrawn or a minimum Rs. 300

Illustration: If you withdraw Rs. 25,000, the applicable fee will be Rs. 625, as 2.5% of Rs. 25,000 is Rs. 625. However, if you withdraw Rs. 5,000, the applicable cash withdrawal fee will be Rs. 300, and not Rs. 125.

Note: YES Bank does not charge any cash advance fee for YES Private Credit Card.

Also read: Details regarding credit card cash withdrawal

YES Bank Credit Card Cash Withdrawal Limit:

YES Bank credit cards come with a cash advance limit, which is the maximum amount of cash you can withdraw using your credit card. The cash advance limit is decide by the bank when the card is issued to you. You can check your cash withdrawal limit by logging in to your net banking account or through the YES Bank credit card statement. The cash withdrawal limit varies from cardholder to cardholder.

The cash advance limit offered on YES Bank credit cards is up to the 30% of credit limit, which means you can withdraw only 30% as a cash from your total credit limit. For instance, if you have a total credit limit of Rs. 1 lakh, and your cash withdrawal limit is 30%, then you can withdraw a maximum amount of Rs. 30,000.

Note: When you withdraw cash, the finance charges are applicable along with the cash advance fee. Therefore, it is advisable not to withdraw cash using your credit cards as they incur high interest charges.

YES Bank Credit Card Annual/ Renewal Fee

The annual or renewal fee is charged by YES Bank on the credit cards from the second year onwards or when you renew your credit card. The annual fee varies from card to card. However, you can also avail annual fee waiver on certain credit cards on achieving the spending milestone. You can check the annual or renewal fee of top credit cards offered by YES Bank in the table below along with the waiver condition:

Credit Card Annual Fee Waiver Condition
YES First Preferred Credit Card Rs. 999 Waived off on spending Rs. 2.5 lakh annually
YES Prosperity Cashback Credit Card Rs. 999 No waiver condition
YES Bank Wellness Plus Credit Card Rs. 1,499 No waiver condition
YES FIRST Exclusive Credit Card Rs. 1,999 Waived off on spending Rs. 3 lakh annually
YES Prosperity Edge Credit Card Rs. 399 Waived off on spending Rs. 1 lakh annually
YES Prosperity Rewards Credit Card Rs. 399 Waived off on spending Rs. 25,000 annually
YES Bank Wellness Credit Card Rs. 749 No waiver condition
YES Premia Credit Card Rs. 999 Waived off on spending Rs. 2 lakh annually
YES Prosperity Rewards Plus Credit Card Rs. 399 Waived off on spending Rs. 50,000 annually
YES Prosperity Cashback Plus Credit Card Rs. 1,499 No waiver condition

YES Bank Credit Card Forex Charges

YES Bank charges a forex markup fee whenver you make overseas transactions with your credit card. The forex markup fee is applicable on your foreign currency transactions and overaseas ATM cash withdrawals. Below mentioned is the foregn currency conversion charges for the credit cards offered by YES Bank:

Credit Card
 Foreign Currency Conversion Charges
YES First Credit Cards, YES Private Credit Card 1.75%
YES Prosperity Business 2.5%
YES Premia, YES Premia issued against FD, YES Prosperity Rewards Plus, YES Prosperity Rewards Plus issued against FD 2.75%
YES Prosperity Rewards, YES Prosperity Cashback, YES Prosperity Cashback Plus 3.40%

Suggested read: Best Credit Cards for International Use

YES Bank Credit Card Late Payment Charges

YES Bank charges a late payment fee when you do not pay your credit card bill in full. It is also applicable even if you fail to pay the Minimum Amount Due (MAD). Here are the details regarding the YES Bank credit card late payment fee:

Statement Balance
 Charges Applicable
Less than or equal to Rs. 100 Nil
Between Rs. 101 to Rs. 500 Rs. 150
Between Rs. 501 to Rs. 5,000 Rs. 500
Betwee Rs. 5,001 to Rs. 20,000 Rs. 750
Greater than Rs. 20,000 Rs. 1,000

Note: No late payment charges are applicable to YES Private Credit Card.

YES Bank Credit Card Over Limit Fee

The over limit fee or penalty is charged by the YES Bank when you cross the total credit limit assigned to you. Therefore, it is advisable not to overspend as high interest charges will be levied if you cross your credit limit. The details regarding over limit fee charged by the YES Bank are mentioned below:

YES Bank Credit Card Over Limit Fee
2.5% of the over limit amount or Rs. 500, whichever is higher

Illustration: If your over limit amount is Rs. 25,000, the applicable fee will be Rs. 625, since 2.5% of Rs. 25,000 is Rs. 625. However, if your over limit amount is Rs. 5,000, the applicable fee will be Rs. 500, and not Rs. 125.

Note: Over Limit Fee is not applicable applicable to YES Private Credit Card.

Other Fees & Charges on YES Bank Credit Cards

Some of the common fees and charges applicable to YES Bank credit cards are mentioned in the table below:

Type of Fee/ Charge
 Amount
Add-on Card Fee Nil (Up to 3 cards can be issued)
Reward Redemption Fee Rs. 100 per redemption request
Re-Issue of Lost/ Stolen/ Damaged Card Rs. 100 per reissuance
Payment Return Rs. 350
Duplicate Statement (Older than 6 months) Rs. 100 per statement
Cash Deposit at YBL Branches towards Credit Cards Repayment Rs. 100
Interest-free Period 20-50 days

YES Bank Credit Card Fees & Charges: FAQs

Q. Is it possible to withdraw cash from an ATM using the YES Bank credit card?

A. Yes, you can withdraw cash from any ATM with your YES Bank credit card. The bank charges a cash advance fee of 2.5% of the withdrawn amount or a minimum of Rs. 300 for withdrawing cash through your credit card. Hence, it is advisable not to withdraw cash using your credit card as it incur high interest charges.

Q. What is the maximum credit limit offered on a YES Bank credit card?

A. The total credit limit offered on YES Bank credit card vary from cardholder to cardholder. The bank decides your credit limit by considering factors like credit history, repayment history, annual income and more. Therefore, you will get to know about your credit limit after the approval of your credit card application.

Q. How can I procure the YES Bank credit card billing statement of the previous months?

A. You can get the credit card billing statement of previous months offline by contacting the bank. To do so, you can visit any of the nearest branches of YES Bank and request for the billing statement. Besides this, you can also contact the customer care of the bank to get statements for the last 6 months without paying any charges. However, credit card statements beyond 6 months will be charged at Rs. 100 per statement.

Q. How can I apply for YES Bank credit card?

A. You can apply for any of the YES Bank credit cards as per the eligibility and your requirements. To apply online, you can visit official website of the bank and look for the eligible card. Besides this, you can also visit nearest branch of the bank and submit a duly-filed application form to apply for a credit card. The bank will verify your details and process your request.

Q. What is the interest-free period offered on YES Bank credit cards?

A. The interest-free period offered on YES Bank credit card ranges between 20 to 50 days. It may vary as per the variant of your credit card. However, the interest-free period is not applicable if the previous month’s balance has not been cleared in full or in case of cash withdrawal from an ATM.

Q. Does YES Bank charge reward redemption fee?

A. Yes, the bank charges a reward redemption fee of Rs. 99 per redemption request. You can earn reward points on every purchase via YES Bank credit card and later redeem them against multiple categories like bookings, e-gift vouchers, cash credit and more.

Menu