The Power of Choice: YES Bank’s BYOC Credit Card Unveiled

Yes Bank is India’s fourth largest private sector bank, founded in 2004 by Rana Kapoor. Its primary operation is corporate banking, and its subsidiary operations include retail banking and asset management. It offers a wide range of credit cards that offer a host of features, privileges, and rewarding loyalty programs. Some of the Yes Bank credit cards are the Yes Prosperity Cashback Credit Card, Yes Bank First Exclusive Credit Card, Yes Bank Wellness Plus Credit Card, and many more. In this article, we will be discussing Yes Bank’s BYOC Credit card in detail.

Features and Benefits

Mentioned below are the benefits and features of Yes Bank BYOC Credit Card:

• Choice of Plastic: 

The card issuer gives three options to choose the type of plastic/ metal credit card, from which anyone can be selected. They are as mentioned below.

• Metal Credit Card (one-time fee of INR 3,499).
• Eco-friendly credit card (one-time fee of 249).
• Regular Plastic Card (no additional charges).
• Image personalisation in card (one-time fee of INR 149)

• Travel Benefits:

• Get a domestic airport lounge visit.
• Get a complimentary domestic airport lounge visit via the MasterCard Lounge Program.

• Golf Privileges:

• Get 4 complimentary rounds of golf per year.
• Get up to 1 free golf lesson every calendar month.

• Fuel Surcharge Waiver:

• Get up to a 1% fuel surcharge waiver across all petrol pumps in India.

• Dining Fiesta Program:

• Get a minimum 15% discount on dining at select restaurants on Yes Bank Credit Card.

1. F) Insurance Coverage:

• Get a credit shield cover of INR 2.5 lakhs in the event of the accidental death of the primary cardholder.

Rewards and Cashback:

BYOC cardholders are free to choose the rewards/ cashback, the rates of which are as mentioned below:

• In case cashback is chosen, you get a 1% cashback on all retail spending.
• In case rewards are chosen, you get 8 Reward Points on each spend of INR 200.
• No rewards/cash backs are earned on fuel transactions, cash withdrawals, EMI transactions, credit card fee payments, etc.

One can also choose to earn accelerated cashback on selected merchants by buying any of the following three plans:

Rewards Redemption

• The reward points earned through this credit card can be redeemed against various options available at the “Yesrewardz” portal. The monetary value of 1 Reward Point can be up to Re. 0.25.
• The cashback is automatically credited to the cardholders’ accounts.

Fees and Charges

Mentioned below are the fees and charges to apply for a Yes Bank BYOC Credit Card:

• One-time fee – Chargeable in the first statement:
• Eco-Friendly Card Fee: INR 249 + taxes
• Metal Card Fee: INR 3,499 + taxes
• Monthly fee – Chargeable as per perks and active merchant plans (will be a summation of the below fees, as per the perks picked at the time of applying for the card and active merchant offer plans)

1. Card Perk (Core Benefit) Fee: BYOC Cashback: INR 99+taxes (INR 49+ taxes for cards on-boarded before 1st Oct’23) BYOC Rewards: INR 49 + taxes
2. Subscription Plan Fee*

• 3.80% per month (45.60% annually) on Revolving Credit, Cash Advances and Overdue Amount
• Competitive Foreign Currency Mark-up of 3.5 %
• A minimum of 1% of transaction value or INR 1, whichever is higher, will be levied on all Rental and Wallet transactions greater than INR 1. Please note that rental transactions are capped at 3 per 30-day period.

• Late Payment Charges – For an amount less than INR 101, no late payment fee will be charged.

– An amount ranging from INR 101 to INR 500, you have to pay up to INR 150.

– A late payment fee of INR 500 would be applied for amounts between INR 501 and INR 5000.

– From INR 5001 to INR 20,000, pay up to INR 750 as a late payment fee.

– For any amount greater than INR 20,001, you have to pay INR 1000.

Eligibility Criteria

Mentioned below are the eligibility criteria to apply for Yes Bank’s BYOC Credit Card:

• The minimum age of an applicant is 21 years.
• The maximum age of an applicant is 60 years.
• The applicant should be either salaried or self-employed.
• The minimum income in the case of a salaried individual is INR 25000.
• The minimum ITR in the case of a self-employed individual is INR 7.5 lakhs and above.
• The applicant should have a decent credit score.

Documents Required

Mentioned below is the list of documents required to apply for Yes Bank’s BYOC Credit Card:

• Identity proof: Aadhar Card, PAN Card, Passport, Voter’s ID, or Driving License.
• Address proof: Aadhar Card, Passport, Ration Card, or the latest month’s utility bills.
• Income Proof: Latest months’ salary slips/bank statements or latest audited ITR.

How to Make Yes Bank BYOC Credit Card Bill Payment?

Mentioned below are the different modes of payments to make Yes Bank BYOC Credit Card Bill Payments:

• For Accountholders:

• Yes Online: 

One can register to avail of a net banking facility, which can help make credit card payments.

• ATM Funds Transfer:

One can transfer the savings bank’s or current bank’s balance to a Yes Bank Credit BYOC Card.

• Standing Instruction:

Submit the written instructions to make an auto-debit of a certain pre-fixed amount of the monthly outstanding balance from the savings or current account to the Yes Bank Credit BYOC Card. 

• For Non-Accountholders:

• NEFT/ RTGS/ IMPS:

One can use NEFT/ RTGS/ IMPS to make payments and transfer funds from the bank account to a Yes Bank BYOC Credit Card.

• Cheque:

Make the credit card payment using a cheque and submit it to the appropriate city.

• Net Banking:

Use Net Banking of any other bank and may pay using the BillDesk facility.

• Cash:

Visit any nearest branch of Yes Bank and make a credit card bill payment. 

• Yes Mobile App:

Make the credit card bill payment using the Yes Mobile App. 

• Yes Pay App:

UPI can also be used to make credit card bill payments.