You can get this co-branded credit card in physical as well as virtual form. The physical card is associated with the Mastercard network, while the virtual one is a RuPay credit card which can be used to make UPI transactions. Here, you can get the YES Bank Paisabazaar PaisaSave RuPay Credit Card without any extra charges as an accompaniment to the Mastercard variant by opting for it at the time of card application. The RuPay variant allows the card users to earn 1.5% cashback on all UPI spends worth Rs. 200 and above.
Yes Bank
YES Bank Paisabazaar PaisaSave Credit Card
Cashback
Online Shopping
Online Shopping
3% cashback on all online spends
Cashback
1.5% unlimited cashback on other spends
Entry-level
Low annual card fee of just Rs. 500
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About YES Bank Paisabazaar PaisaSave Credit Card
YES Bank Paisabazaar PaisaSave Credit Card is a cashback credit card catering to the needs of those who make most of their purchases through e-commerce platforms. Offering accelerated cashback on e-commerce spends along with a good base rate across other categories, the card stands as a strong contender to other popular cards in the segment. Value-back is offered as Cashback Points, which can be redeemed as statement credit.
Currently, most cashback credit cards in the market are either co-branded with popular platforms or cater to one or more spending categories. Offering accelerated cashback of 3% across all online transactions without favouring any particular brand or platform, YES Bank PaisaSave Credit Card allows the users to easily maximise their savings.
Cashback Benefits
YES Bank PaisaSave credit card offers cashback on all your card spends in the form of reward points that are credited to your credit card account. Given below are the details regarding the PaisaSave credit card cashback feature:
- 3% Cashback: 6 Cashback Points per Rs. 200 spent on e-commerce transactions, including spends made on top online platforms, like Amazon, Zomato, Blinkit, Myntra, Swiggy, Ola, Uber, Nykaa, Ajio, BookMyShow, Flipkart, Cleartrip, and many more.
- 1.5% Cashback: 3 Cashback Points per Rs. 200 spent on offline and UPI spends.
- Capping: 3% cashback earning is capped at 5,000 cashback points per month. Beyond this limit, the base cashback rate of 1.5% will be applicable on all card spends.
Other Features and Benefits
Apart from the cashback benefits that let the cardholders save on every spend, YES Bank PaisaSave Credit Card also comes with the following features:
- Renewal Fee Waiver
You can get the card renewal fee worth Rs. 499 waived off on spending at least Rs. 1.2 Lakh via your card during the previous year.
- Fuel Surcharge Waiver
1% fuel surcharge waiver of up to Rs. 250 per statement cycle is applicable on all fuel transactions worth Rs. 500 to Rs. 3,000 (excluding GST).
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YES Bank Paisabazaar PaisaSave Credit Card: Fees & Charges
| Particulars | Amount | ||||||
|---|---|---|---|---|---|---|---|
| Joining Fee | Nil | ||||||
| Annual Fee | Rs. 499 from 2nd year onwards (Nil for RuPay card) | ||||||
| Finance Charges | 3.99% per month (47.88% per annum) | ||||||
| Late Payment Charges |
|
Things to Know Before you apply
Get This Card If:
You prefer to earn cashback on all your spends
You frequently shop online and hence can maximise your cashback earnings
You are looking for a low annual fee card with decent cashback rate on your general spends, without limiting the benefits to one brand
You want a card with hassle-free cashback points redemption without any redemption fee
Eligibility Criteria:
Age: 21 to 60 years
Occupation: Salaried or Self-employed
Minimum Income Required: Net salary of Rs. 25,000 per month or ITR of Rs. 5 lakh
Paisabazaar Review
What do we like about this card?
YES Bank PaisaSave Credit Card comes with a good cashback rate and offers a redemption ratio of 1:1. Even though the accelerated cashback rate on online spends comes with a monthly capping of Rs. 5,000, those who spend a substantial amount on online spends will be able to make the most of this feature. This makes it a suitable choice for those who prefer making their purchases online and want to earn cashback without any merchant or brand restriction while paying a nominal annual card fee.
Pros
- Up to 3% cashback on card spends
- Cashback points are redeemed as statement credit in 1:1 redemption ratio
- No merchant or brand restrictions on accelerated cashback earnings
- Low annual fee with easily achievable fee waiver condition
Cons
- Capping on accelerated cashback earnings
- No other lifestyle-related benefits apart from online shopping and cashback on all spends
Conclusion
Those looking for an entry-level credit card that gives good returns can consider YES Bank Paisabazaar PaisaSave Credit Card. Unlike some co-branded cards that may give accelerated savings on select brands or spending categories, PaisaSave offers cashback on all your online and offline spends without any limitations, making it a worthy addition to your wallet. However, if you wish to avail additional category-specific benefits like lounge access, travel memberships, etc. and do not mind paying a high annual card fee, then you may explore other mid-range or premium card options.
Frequently Asked Questions
Everything you need to know about this credit card
Though YES Bank does not offer any cashback on EMI transactions, YES Bank Paisabazaar PaisaSave credit cardholders can still avail the instant EMI and EMI on Call facilities on card purchases worth minimum Rs. 1,500. Via the instant EMI service, you can opt to pay in parts for your purchase, while the EMI on Call is a post purchase EMI option that you can choose by making a call to the bank. However, if possible, it is advised to pay your dues in full by the due date to avoid accruing interest charges.
YES Bank Paisabazaar PaisaSave credit card users would accrue their cashback as Cashback Points that are credited to their credit card account. These points can later be redeemed as statement credit in 1:1 ratio without paying any additional fee by logging in to the YES Rewardz platform.
No, those who are existing YES Bank credit cardholders are not eligible for YES Bank PaisaSave card.
YES Bank PaisaSave RuPay credit card is only offered as a complimentary card with the Mastercard variant. So, you can get the Rupay variant only if you have the Mastercard one.
Footnotes
- A 1% fee (+ GST) is going to be charged on fuel transactions worth above Rs. 10,000, where total charges on fuel spends are capped at Rs. 5,000 per customer per month.
- A 1% fee (+ GST) of up to Rs. 3,000 per month will be charged on monthly utility transactions worth above Rs. 15,000.
- Maximum 3 rental payments are permitted per 30 days period with charges worth minimum 1% of transaction value or Rs. 199, whichever is higher, applicable on all rental transactions.
- Minimum 1% of transaction value or Re. 1, whichever is higher, is going to be applicable on all wallet transactions.
- 1% fee (+ GST) applicable on all education fee payments made via third-party apps or websites, with the fee capped at Rs. 5,000 every month.
Click here to know More Terms and Conditions
Lepakshi Phogat
Lepakshi is a content writer specialising in personal finance and credit cards. She translates complex financial concepts into practical advice, helping readers make informed financial decisions. Whether it is helping them choose the right credit card or offering strategies to build their credit score, she writes to make personal finance less intimidating and more empowering.
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4 Comments
Is this Rupay or Visa card?
You will get two cards- the physical card that you receive will be on Mastercard network, and in addition, you will also get a virtual Rupay Credit Card (without any additional fee).
I have YES BANK PAISABAZAR PAISASAVE CREDIT CARD. If I use its rupay virtual card and make UPI transaction below 2000 then will I eligible for cash Back of 1.5% for this transaction
Yes. You will earn 1.5% cashback on transactions below Rs. 2,000 in the form of Cashback Points. However, transactions below Rs. 200 will not earn any points.