YES PROSPERITY Business Credit Card

Introducing the YES PROSPERITY Business Credit Card, the second addition to the business card lineup following the YES FIRST Business Credit Card, designed specifically to support businesses. While sharing similarities with the First business card, the Prosperity Business Card offers a more streamlined set of features.

This card presents an enticing rewards program, granting points for all business transactions across various categories, both select and general. Its benefits extend to diverse sectors such as travel, fuel, lifestyle, and more. Notably, the Yes Bank Prosperity Business Credit Card comes with attractive milestone rewards, spend-based waiver advantages, and exclusive perks like a fuel surcharge waiver tailored for businesses.

Key Highlights of YES PROSPERITY Business Credit Card

  1. Foreign Currency Markup Fee: 2.50%
  2. Annual Spend Reward Points: 10,000 points for Rs. 6 Lakhs or more
  3. Select Categories Reward Points: 2 points for every Rs. 200
  4. All Categories Reward Points: 4 points for every Rs. 200
  5. Insurance Coverage: Air Accidental Cover up to Rs. 50 lakh, Medical Emergencies Cover up to Rs. 15 Lakh, and more.
  6. International Lounge Access: 3 complimentary visits per year at airports outside India
  7. Domestic Lounge Access: 1 complimentary visit per quarter
  8. Golf Lesson: 1 complimentary lesson every month
  9. Fuel Surcharge Waiver: 1% across fuel stations in India

Features and Benefits of YES PROSPERITY Business Credit Card

The YES PROSPERITY Business Credit Card offers several features and benefits:

1. Milestone Benefits:

  • Receive 10,000 Reward Points upon reaching annual spends of Rs. 6 Lakhs or more in each anniversary year with the YES Prosperity Business Credit Card.

2. Spend Based Waiver:

  • Spend Rs. 25,000 within the first 90 days from card activation to waive the 1st-year membership fee. Additionally, spend Rs. 1,00,000 in the card anniversary year to waive the renewal fee for the subsequent year.

3. Travel Benefits for VISA Cardholders:

  • Enjoy 3 complimentary international airport lounge accesses per calendar year through the LoungeKey Program. A charge of USD 27 (plus taxes) applies for usage beyond 6 visits and all guest visits.
  • Avail 1 complimentary domestic lounge access per quarter with the VISA Domestic Lounge Program.

4. Travel Benefits for MasterCard Cardholders:

  • Receive 3 complimentary international airport lounge accesses per calendar year outside India through the Complimentary Priority Pass Membership.
  • A charge of USD 27 (plus taxes) is applicable for usage beyond 6 visits and all guest visits.

5. VISA Golf Program:

  • Benefit from the VISA Golf Program, providing one complimentary golf lesson monthly and a green fee waiver. To book your lesson, create an account with Tea pass India.

6. Low Foreign Currency Markup:

  • The foreign currency markup for the YES Bank Prosperity Business Credit Card is 2.5% (plus taxes), significantly lower than the typical 3.5% for most other credit cards.

7. Fuel Surcharge Waiver:

  • Enjoy a 1% fuel surcharge waiver for all transactions between Rs. 400 and Rs. 5,000.
  • The maximum monthly benefit for the YES Prosperity Business Credit Card is capped at Rs. 500.

YES PROSPERITY Business Credit Card Fees and Charges

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

1. Membership Fee:

  • Rs. 399 + applicable taxes
  • Waived off on spending Rs. 25,000 on retail within 90 days of card activation

2. Renewal Fee:

  • Rs. 399 + applicable taxes
  • Waived off on spending Rs. 1,00,000 within 12 months prior to card renewal date

3. Foreign Currency Markup: 2.5%
4. Finance Charges: 3.50% p.m./42.00% p.a.
5. Late Payment Charges:

  • Less than Rs. 101 – Nil
  • Rs. 101 – Rs. 500 – Rs. 150
  • Rs. 501 – Rs. 5,000 – Rs. 500
  • Rs. 5,001 – Rs. 20,000 – Rs. 750
  • Rs. 20,000 & above – Rs. 1,000

Eligibility Criteria for YES PROSPERITY Business Credit Card

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

  1. Age Requirement: Applicants must fall within the age range of 21 to 65 years.
  2. Eligible Occupations: The application is open to individuals who are Self Employed, Proprietors, and Partners of Partnership firms.
  3. Minimum Income Tax Return: A minimum Income Tax Return of Rs. 10 Lakhs is required for eligibility.
  4. Creditworthiness:
  • Applicants are required to have a decent personal credit score.
  • Business credit score may also play a significant role in the evaluation process.

Documents Required for YES PROSPERITY Business Credit Card

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

1. Identity Proof:

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

2. Address Proof:

  • Aadhar Card
  • Utility Bills (not older than three months)
  • Ration Card

3. Additional Documentation:

  • Latest Audited Income Tax Return (ITR)
  • Business Registration Certificate
  • Passport-sized Photograph

How To Apply for YES PROSPERITY Business Credit Card?

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

  1. Access the official YES Bank website.
  2. Navigate to the ‘Business Banking’ section.
  3. Opt for the ‘Cards’ category.
  4. Locate the YES Prosperity Business Credit Card.
  5. Explore application methods, such as reaching out to YES Bank customer care through either a phone call or the chatbot.

Frequently Asked Questions (FAQs) –

1. What is the YES Prosperity Business Credit Card?

The YES Prosperity Business Credit Card is a financial product offered by YES Bank designed specifically for businesses, providing a range of features and benefits.

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

Features include business-related rewards, expense tracking, credit limits tailored to business needs, and special privileges for business-related expenses.

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

Visit the YES Bank official website, navigate to ‘Business Banking,’ select ‘Cards,’ and find the YES Bank Prosperity Business Credit Card. You can apply through customer care via call or chatbot.

4. What eligibility criteria are required for the YES Prosperity Business Credit Card?

Eligibility criteria may include business type, financial stability, and creditworthiness. Specific requirements can be obtained from YES Bank.

5. What documents are needed for the YES Prosperity Business Credit Card application?

Required documents typically include business registration papers, financial statements, and KYC documents. Refer to the bank’s guidelines for a detailed list.

6. How long does it take to get approval for the YES Prosperity Business Credit Card?

Approval times may vary. Contact Yes Bank credit card customer care number or check the application status online for updates.

7. What fees and charges are associated with the YES Prosperity Business Credit Card?

Understand the annual fees, interest rates, and other charges associated with the card. This information is usually available on the bank’s official website.

8. Can I track my business expenses with the YES Prosperity Business Credit Card?

Yes, the card often comes with features that help track and manage business expenses efficiently.

9. Are there any rewards or cashback programs with the YES Prosperity Business Credit Card?

YES Bank may offer business-centric rewards or cashback programs. Check the terms and conditions for details.

10. What customer support options are available for YES Prosperity Business Credit Card holders?

YES Bank provides customer support through various channels, including phone, email, and chat, to assist with queries or concerns related to the credit card.