YES FIRST Business Credit Card

The YES Bank FIRST Business Credit Card from Yes Bank is meticulously crafted to provide unparalleled privileges to businesses, offering a myriad of advantages. Yes Bank has introduced two distinct business cards: the YES FIRST Business Credit Card and YES PROSPERITY Business Credit Card. This card ensures an exhilarating accumulation of Reward Points for all business transactions, presenting a spectrum of benefits in travel, fuel, and redemption options spanning diverse categories such as Air Travel, Hotel Stays, accessories, and more.

The Yes Bank First Business credit card stands out by offering substantial reward points across all categories, including select categories. In addition to this, the card presents enticing milestone benefits, a fuel surcharge waiver, and a spend-based fee waiver. Notably, the Foreign Currency Markup on the card is exceptionally low at just 1.75%, setting it apart from other cards in terms of cost-effectiveness.

Key Highlights of YES FIRST Business Credit Card

  1. Earn 20,000 Reward Points each year through spending activities.
  2. Get 8 Reward Points for every Rs. 200 spent across all categories.
  3. Receive 4 Reward Points for every Rs. 200 spent on specific categories.
  4. Enjoy free access to international lounges.
  5. Benefit from complimentary access to domestic lounges.
  6. Receive complimentary golf lessons.
  7. Avail insurance coverage up to Rs. 1 Crore.
  8. Incur a foreign currency markup fee of 1.75%.
  9. Enjoy a 1% fuel surcharge waiver.

Features and Benefits of YES FIRST Business Credit Card

The YES Bank FIRST Business Credit Card offers several features and benefits:

1. YES Assist:

  • Dedicated concierge services provided.
  • Services include hotel reservations, flight bookings, restaurant reservation assistance, movie ticket assistance, and flower and gift delivery.

2. Automobile Assistance:

  • 24×7 emergency towing assistance available.
  • Roadside repair services included.

3. AWFIS:

  • Affordable workspace options facilitated.
  • Up to 2 complimentary meeting room hours per calendar quarter at select AWFIS Centres in India.
  • 15% discount on cabin, fixed, and flexi work desks.
  • 20% discount on meeting room bookings at AWIFIS Centres.

4. Fuel Surcharge Waiver:

  • Save on fuel bills with surcharge waiver.
  • Applicable at all fuel outlets in India for transactions between Rs.400 to Rs.5,000.

5. Insurance Benefit:

  • Rs.25 lakh medical insurance cover for overseas travel.
  • Rs.1 crore insurance cover in case of death due to a flight accident.
  • Rs.8 lakh credit shield cover in the event of the accidental death of the primary cardmember.

6. Card Protection Plan:

  • Safeguard your credit card against loss, theft, or fraud.
  • Comprehensive protection for unforeseen circumstances.

YES FIRST Business Credit Card Fees and Charges

Explore the fee structure for the YES FIRST Business Credit Card and discover the financial advantages that come with it.

  1. Annual Fee and Joining Fee: The Yes Bank First Business credit card imposes an annual fee and a joining fee of Rs. 999, plus applicable taxes.
  2. Interest Rate: The card applies an interest rate of 3.5% per month, equivalent to 42% annually, on the due amount.
  3. Cash Advance Fee: For cash withdrawals, a fee of 2.5% is charged, with a minimum fee of Rs. 300 applicable.
  4. Forex Mark-up Fee: When transacting in foreign currency, a fee of 1.75% of the transaction amount is levied as the forex mark-up fee.

Eligibility Criteria for YES FIRST Business Credit Card

Here are essential criteria for applying for an YES FIRST Business Credit Card:

  1. The minimum age requirement is 21 years.
  2. Your age must not exceed 65 years.
  3. Eligibility is limited to those who are self-employed, proprietors, or partners in a partnership firm.
  4. The minimum income tax return should be Rs. 10 lakh.

Documents Required for YES FIRST Business Credit Card

To apply for the YES FIRST Business Credit Card, you will typically need to provide the following documents:

1. Identity Proof Options:

  • Aadhar Card
  • PAN Card
  • Voter’s ID
  • Passport
  • Driving License

2. Address Proof Options:

  • Utility Bills
  • Ration Card
  • Aadhar Card (Note: Also serves as an address proof)

3. Additional Documents Required:

  • Latest audited Income Tax Return (ITR)
  • Passport-sized photograph
  • Business registration certificate

How To Apply for YES FIRST Business Credit Card?

Follow these steps to apply for the YES FIRST Business Credit Card:

  1. Visit the YES Bank official website.
  2. Navigate to the ‘Business Banking’ section.
  3. Choose the ‘Cards’ option within the Business Banking section.
  4. Specifically select the YES First Business Credit Card.

Frequently Asked Questions (FAQs) –

1. What is the YES FIRST Business Credit Card?

The YES FIRST Business Credit Card is a financial product offered by YES Bank designed for business customers. It provides various features and benefits tailored to meet the specific needs of businesses.

2. What are the key features of the YES Bank FIRST Business Credit Card?

The card comes with a range of features such as exclusive rewards, business expense management tools, travel benefits, and more. The specific features may vary, so it’s advisable to check the latest details.

3. How can I apply for the YES Bank FIRST Business Credit Card?

To apply for the YES Bank FIRST Business Credit Card, you can visit the official YES Bank website or contact the bank’s customer service for detailed information on the application process.

4. What documents are required for the YES Bank FIRST Business Credit Card application?

The documentation requirements may vary, but generally, you may need to provide proof of identity, address, business registration, and financial documents. Refer to the bank’s guidelines for the specific list of required documents.

5. What are the eligibility criteria for the YES Bank FIRST Business Credit Card?

Eligibility criteria typically include factors such as the applicant’s credit score, business stability, and financial standing. Check with YES Bank for the specific eligibility requirements for this credit card.

6. How does the rewards program work for the YES FIRST Business Credit Card?

The rewards program allows cardholders to earn points on eligible transactions. These points can be redeemed for various benefits, including travel, merchandise, or cashback. Details of the rewards program are available in the card’s terms and conditions.

7. What security features are provided with the YES FIRST Business Credit Card?

YES Bank incorporates various security measures, including EMV chip technology, PIN protection, and transaction alerts, to ensure the safety of transactions made with the YES FIRST Business Credit Card.

8. Is there an annual fee for the YES FIRST Business Credit Card?

Credit card fees may vary, and the YES FIRST Business Credit Card may have an annual fee. Refer to the card’s terms and conditions or contact YES Bank for information on any associated fees.

9. How can I check my YES FIRST Business Credit Card balance and transactions?

Cardholders can check their balance and transactions through the YES Bank online banking portal, mobile app, or by contacting the Yes bank credit card customer care number. These channels provide real-time access to account information.

10. What additional benefits does the YES FIRST Business Credit Card offer for business users?

The card may offer additional benefits such as business travel insurance, expense tracking tools, and business-friendly discounts. Review the card’s features and terms to understand the full range of benefits provided.