Finding a credit card with a myriad of benefits and features is easy nowadays. However, it all boils down to the fees and charges associated with the credit card. The Yes Bank Preferred Credit Card is not only packed with rewarding benefits but is also low-cost.
If you are looking for a card with exciting dining, shopping, and traveling privileges, the Preferred Credit Card is a great choice. Even when you’re spending, you can still earn reward points for a minimum INR 100 spent using the card. Additionally, cardholders can also access MasterCard premium perks, including merchant discounts.
More than using the card for payments, the Yes Bank Preferred Credit Card satisfies cardholders’ lifestyle demands and needs. Do you want to know how you can apply for the card? Read on and find out about the application process, requirements, perks, fees, and more.
Important Features Of The Preferred Credit Card
Once the card is activated, you can already earn the bonus 15,000 reward points after making your first transaction. These points can be used to redeem exciting promotions, discounts, and vouchers.
Yes Bank also partnered with brands to give cardholders more options for redeeming rewards. From gadgets, travel accessories, to personal care, you have a number of choices to choose from.
Another reason to love the Yes Bank Preferred Credit Card is the complimentary access to airport lounges. Cardholders get up to four annual visits to domestic lounges in India. The charge per visit for nonmembers is only USD$27 for the primary cardholder.
For frequent travelers, Yes Bank has a piece of good news because you can get a life insurance coverage for 1 Cr for death due to flight accidents. Additionally, cardholders can get medical insurance of INR 25 for emergency hospitalization outside India.
How To Apply
The application for the Yes Bank Preferred Credit Card is made easy with the online application. Simply visit the website of Yes Bank then choose the Preferred Credit Card to apply. Click on the Apply Now option to submit your application.
To ensure the success of your application, you need to be at least 21 years old, salaried or self-employed, and earning a minimum net salary of INR 200,000 a month or INR of 24 Lacs. To enjoy a higher credit limit, cardholders can choose to provide a fixed deposit to Yes Bank. Note that this option requires visiting a branch of Yes Bank.
Fees And Charges To Think About
The Preferred credit card has a first-year membership and renewal fee of Rs 2,499 plus applicable taxes. However, if you spend NR 4 Lakhs per year, you do not have to pay the renewal fee.
Additionally, cardholders are charged 1.99% monthly for the interest rate on purchases if they have a Yes Bank account. However, those who do not have an account will be charged a rate of 2.75% per month.
For cash advances, the charge is 2.5% of the advance amount. An outstanding charge of Rs 100 to Rs 700 is applied for the late payment fee.
Yes Bank Contact Information
For queries and concerns, you can reach Yes Bank at 1800-103-1212 or +91-2249-35-0000. You can also email Yes Bank at [email protected] for credit card application assistance. The corporate headquarters of the bank are located at Yes Bank Tower, IFC-2, 15th floor, Senapati Bapat Marg, Elphinstone, Mumbai, India.
Conclusion
The Preferred Credit Card is an absolute affordable credit card for individuals who need a card for small to big purchases. Aside from rewards and exclusive privileges, cardholders can also enjoy low-interest rates for purchases. For more information on the product, visit the website of Yes Bank today.
Note: There are risks involved when applying for and using credit. Consult the bank’s terms and conditions page for more information.
