The YES Bank RESERV Credit Card has pretty much everything. It is a combination of all the important features. This card comes with a joining fee of INR 2,499 + GST, and the renewal membership fee is also INR 2,499 + GST. Both fees can be waived if you spend a certain amount within a specific period.
The YES Bank RESERV Credit Card is a high-reward points earning credit card, whether used online or offline. This card was previously known as YES FIRST EXCLUSIVE.
This card will make your journey a little more comfortable with 12 complimentary domestic lounge accesses and 6 complimentary international lounge accesses.
This card has additional features like insurance coverage, a purchase protection plan, foreign currency markup charges, a fuel surcharge waiver, and more.
Table of Contents
Yes Bank RESERV Credit Card Highlights
| Feature | Details |
|---|---|
| Reward Type | Reward Points |
| Joining Fee | INR 2,499 + GST (Annual fee will be waived off on retail spending of INR 40,000 within one month of card activation.) |
| Renewal Fee | INR 2,499 + GST (waived off on retail spending of INR 3 lakh within 12 months.) |
| Joining Benefits | 8000 Bonus reward points if the renewal fee is charged (from 2nd year onwards) |
| Best Suited For | Shopping and travel |
| Lounge Access | Domestic Lounge Access- 3 free visits every quarter (12 every year) International Lounge Access—6 complimentary lounge accesses every year |
| Fuel Surcharge Waiver | 1% Fuel surcharge waiver across all fuel stations between Rs. 400 and Rs. 5,000 (Capped with INR 1,000 per month) |
Rewarding Rate of Yes Bank RESERV Credit Card
| Category | Cashback Earned | Monthly Capping |
|---|---|---|
| Online Shopping | 24 YES Rewardz Points per ₹200 | 36,000 YES Rewardz Points per billing cycle. |
| Offline Shopping | 12 YES Rewardz Points per ₹200 | |
| Select Categories | 6 YES Rewardz Points per ₹200 |
- YES Rewardz Points will not be awarded on rental, wallet, fuel, government & marketing/advertising transactions, cash withdrawals, post-purchase EMI & instant EMI transactions.
- Maximum Capping: You can earn up to 36,000 YES Rewardz Points per billing cycle.
Additional Benefits of the Yes Bank RESERV Credit Card
🏌️♂️ Golf Program
- 4 Free Green Fee Waivers at select golf courses across India
- 1 Complimentary Golf Lesson every calendar month at select golf courses
🛡️ Insurance Coverage
- Purchase Protection Plan: Insurance cover of up to INR 50,000 in accidental damage for 6 months for mobiles and electronics purchased online.
- Credit Shield Cover: 15 lakh
- Lost Card Liability Cover: 15-30 lakh
Other Fees & Charges for Yes Bank RESERV Credit Card
| Charge Type | Fee/Rate | Additional Info |
|---|---|---|
| Interest on Overdue | 2.99% monthly (35.88% annually) | Applicable to outstanding dues |
| Rental Transactions | 1% or INR 1 (whichever is higher for transaction amount up to INR 1000) 1% or INR 199 (whichever is higher for transaction amount above INR 1000) | Capped at 3 transactions per 30 days |
| Wallet Transactions | 1% or INR 1 (whichever is higher) | Applies to wallet reloads |
| Education Payments | 1% + GST (Capped at INR 5,000/month) | Via CRED, PhonePe, NoBroker, etc. Effective from 1 Oct 2024 |
| Utility Payments | 1% + GST (Above INR 15,000/month) | Capped at INR 3,000/month |
| Foreign Currency Mark-up | 1.75 % of the transaction amount | Applies to all international transactions |
| Cash Advance Fee | 2.5% or INR 250 (Whichever is higher) | |
| Reward Redemption Fee | INR 100 + GST |
Eligibility Criteria for YES Bank RESERV Credit Card
- Age between 21 to 60 years
- Applicant can be salaried or self-employed
- Salaried: Minimum monthly net salary of INR 2 lakh
- Self-Employed: Annual Income Tax Return (ITR) of INR 18 Lakhs or above
Final verdict: Should You Get the Yes Bank RESERV Credit Card
This card comes with a moderate joining fee of INR 2,499 + GST, which is waived upon retail spending of INR 40,000 within one month of card activation.
This card is beneficial if you travel frequently outside the country and spend at least INR 1 lakh every quarter. Only then can you enjoy the airport lounge access benefits.
Check Credit Card EligibilityYes Bank RESERV Credit Card Phone Banking numbers 📞
- In India: 1860 210 1200
- For calls from overseas to India: +91 (22) 50795101
- Email address: [email protected]