Yes Bank RuPay Credit Card

Yes Bank provides a wide array of credit cards, catering to different needs and preferences across a range of categories. These options include both basic and high-end choices, ensuring there’s something for everyone. In accordance with the RBI’s directive allowing citizens to link their RuPay credit cards to UPI apps for payments, Yes Bank has recently introduced its RuPay credit card.

In this aspect, Yes Bank joins other top card issuers in offering a diverse selection of RuPay cards. The Yes Bank RuPay credit card is a complementary offering, obtainable when applying for any other Yes Bank card, exclusively in its virtual format. This card incurs no lifetime fees and provides the convenience of conducting UPI payments, accompanied by accelerated reward points on UPI expenditures.

Key Highlights of Yes Bank RuPay Credit Card

  1. Complimentary Offering: The Yes Bank RuPay Credit Card is provided as a complimentary benefit when applying for another Yes Bank card, making it a cost-effective choice for customers.
  2. Virtual Card: This credit card is available only in a virtual format, ensuring convenient and secure online transactions.
  3. Lifetime Free: There are no lifetime fees associated with this card, allowing cardholders to enjoy its benefits without any ongoing expenses.
  4. UPI Payments: The card enables users to link it to UPI apps, facilitating seamless and quick payments through the UPI platform.
  5. Accelerated Reward Points: Cardholders can earn accelerated reward points when using the Yes Bank RuPay Credit Card for UPI transactions, enhancing the value of their spending.

Features and Benefits of Yes Bank RuPay Credit Card

  • Features :
  1. Credit Fitness Reports: With this card, you receive monthly credit fitness reports through a real-time dashboard, allowing you to monitor your credit score. Once you’ve completed your first transaction with the FinBooster: YES Bank – BankBazaar Co-branded Credit Card, you’ll gain access to this feature.
  2. Credit Score Improvement Insights: Gain valuable insights to help enhance your credit score.
  3. Unlimited Reward Points: There is no limit to the accumulation of reward points, and they never expire.
  4. Shareable Reward Points: You have the flexibility to share the reward points you earn with your friends and family.
  5. Convenient Cash Conversion: When you convert your reward points into cash, the funds are directly credited to your savings account.
  • Reward Points:
  1. 5x Reward Points on online dining expenses.
  2. Earn triple Reward Points when you shop for groceries and apparel online.
  3. Earn 2 Reward Points for every Rs.200 spent on retail transactions, excluding fuel expenses.

Yes Bank RuPay Credit Card Fees and Charges

  • No Initial Yearly Membership Cost
  • No Annual Renewal Fee
  • 3.80% monthly (45.60% annually)* for Revolving Credit
  • For every Rental and Wallet transaction above Rs 1, a fee of either 0.75% of the transaction amount or Rs 1, whichever is higher, will be imposed. It’s important to note that rental transactions are capped at a maximum of 3 every 30 days.

Eligibility criteria for the Yes Bank RuPay Credit Card

  • You need to be at least 21 years old to meet the age requirement.
  • Employment Status: Either salaried or self-employed
  • Minimum Monthly Income: Rs.25,000 for salaried individuals
  • Self-employed individuals must file an annual income tax return starting at a minimum income threshold of Rs. 50 lakh.

Documents Required for Yes Bank RuPay Credit Card

Documents Needed for Yes Bank Credit Card Application
To apply for a Yes Bank credit card, you will need to provide the following documents:

  • Identity Proof:
  1. Aadhar Card
  2. PAN Card
  3. Driving License
  4. Passport
  • Address Proof:
  1. Aadhar Card
  2. Passport
  3. Voter ID Card
  4. Driving License
  5. Electricity Bill
  • Income Proof:
  1. Salary slips for the last 3 months
  2. Bank statement for the last 6 months
  3. Copy of your Income Tax Return (ITR)
  4. Form 16

How to apply for Yes Bank RuPay Credit Card

To request a Yes Bank RuPay Credit Card, simply adhere to the following steps:

1. Check Eligibility: Before you go ahead and apply for a credit card, double-check that you fulfill Yes Bank’s eligibility standards. Generally, banks lay out conditions concerning your age, income, credit score, and job status. It’s crucial to confirm that you meet all these prerequisites before proceeding.

2. Choose the Right Card: Yes Bank provides a range of RuPay Credit Cards, each with unique perks and advantages. Whether you’re seeking cashback, rewards, or other benefits, you can find the right fit by visiting the Yes Bank website or reaching out to their customer service team for assistance in selecting the ideal card for your requirements.

3. Gather Required Documents: Gather all the essential paperwork Yes Bank needs for your credit card application. These typically include proof of identity, proof of address, proof of income, and passport-sized photos. Look back at the earlier message for the specific documents needed.

4. Application Process:

  • Online Application: Navigate to the Yes Bank’s official website and find the section dedicated to credit card applications. Proceed to complete the digital application form diligently, ensuring all details provided are precise and correct.
  • Offline Application: To obtain a Yes Bank RuPay Credit Card, simply head to your nearest Yes Bank branch. The staff there will assist you every step of the way as you apply.
  • Submit Application: Please ensure to hand in your filled-out application form and all necessary paperwork to Yes Bank. For online applications, remember to upload scanned versions of your documents as required.

5. Verification: Yes Bank will assess your application and accompanying documents. Should they require additional information or clarification, they might reach out to you.

Ensure you handle your credit card with care, consistently settle your dues punctually, and adhere to your credit ceiling. These practices will safeguard a positive credit record and allow you to fully enjoy the perks of your Yes Bank RuPay Credit Card.

Frequently Asked Questions (FAQs)

  1. What exactly is the Yes Bank RuPay Credit Card?

The Yes Bank RuPay Credit Card is a credit card provided by Yes Bank in partnership with RuPay, a domestic card network in India. It offers a range of perks and features to cardholders.

  1. How do I go about applying for a Yes Bank RuPay Credit Card?

To apply for the Yes Bank RuPay Credit Card, you can either visit the official Yes Bank website or drop by a Yes Bank branch. The application typically involves filling out an online form and submitting required documents.

  1. What are the main highlights of the Yes Bank RuPay Credit Card?

Key features usually include rewards schemes, cashback deals, discounts on specific categories, waivers on fuel surcharges, and more. Check the specific card details for precise information.

  1. What’s the eligibility criteria for the Yes Bank RuPay Credit Card?

Eligibility depends on factors like age, income, employment, and credit score. You’ll find specific requirements on the Yes Bank website or during the application process.

  1. What’s the typical timeframe for obtaining approval for a Yes Bank RuPay Credit Card?

Approval times vary. After submitting your application and documents, the bank will review your information and notify you of the outcome within a certain timeframe.

  1. What’s the credit limit like for the Yes Bank RuPay Credit Card?

The credit limit is determined by the bank based on factors such as income and credit history. You’ll be informed of the approved limit after receiving the card.

  1. How can I check my Yes Bank RuPay Credit Card balance?

You can check your balance through the Yes Bank mobile app, internet banking, or by contacting customer service. Monthly statements provide a detailed summary of transactions and outstanding balance.

  1. Does the Yes Bank RuPay Credit Card come with any yearly charges?

Yes, there are often annual fees. Review the terms and conditions for specifics regarding fees and charges.

  1. Can I convert purchases into EMIs with the Yes Bank RuPay Credit Card?

Yes, many credit cards offer this option. Contact Yes Bank for details on the EMI conversion process.

  1. If you’ve misplaced or had your Yes Bank RuPay Credit Card stolen, what steps should you take?

Contact Yes Bank’s customer service immediately to report it. They’ll guide you through blocking the card and getting a replacement.