Yes Bank Marquee Credit Card
The YES Bank Marquee Credit Card is a new premium credit card made for people who enjoy travel, shopping, and luxury experiences. It comes with many useful benefits like unlimited free access to airport lounges, buy-one-get-one-free movie tickets, discounts on dining, and a strong rewards program. You can earn 36 Reward Points for every ₹200 spent on online shopping and 18 Reward Points on offline spending. What makes this card special is that it also gives 10 Reward Points on usually excluded spends like rent, wallet top-ups, recharges, utility bills, insurance, education fees, and government payments. It also includes Purchase Protection, which covers mobile phones and electronics you buy online.
This credit card is a great option for people who travel often or enjoy premium services. While it does have a high annual fee, the benefits can easily make up for it if you use the card regularly. You also get extra services like concierge help and special deals at partner stores. Overall, the YES Bank Marquee Credit Card is a solid choice for those who want more value and luxury from their credit card.
Rewards and Benefits
Fees & Charges
What should you consider before applying for a credit card in India?
Key Considerations Before Applying for a Credit Card in India:
- Eligibility Criteria: Ensure you meet the eligibility requirements, which typically include age, income, credit score, and employment status as defined by the issuing bank or financial institution.
- Credit Score: A strong credit score can significantly improve your chances of approval and result in more favorable terms, such as lower interest rates or higher credit limits. Verify that your credit score is healthy before applying.
- Interest Rates and Fees: Compare the annual percentage rates (APR), processing fees, late payment penalties, and foreign transaction charges associated with various cards. These costs can vary widely and impact the overall value of the card.
- Rewards and Benefits: Evaluate the rewards, cashback, discounts, or other perks offered by the card to ensure they align with your spending patterns. Some cards may provide better benefits in specific categories, such as travel, shopping, or dining.
- Credit Limit: Review the credit limit offered by the card to ensure it meets your financial needs. Avoid applying for cards with excessive limits if you are concerned about managing debt, as this can lead to higher interest charges.
- Repayment Terms: Understand the repayment structure, including the minimum payment amount, payment due dates, and any associated penalties. Being clear about these terms can help you manage payments effectively and avoid interest buildup.
- Card Type and Features: Choose a card type that matches your specific needs—whether standard, premium, or specialized cards like those offering travel rewards or dining privileges. Ensure the features of the card align with your lifestyle and spending habits.
- Bank’s Reputation: Opt for a financial institution with a proven reputation for customer service and transparency. Consider researching customer reviews and assessing their support channels to ensure reliable service.
- Hidden Charges: Be aware of any hidden fees, including annual fees, balance transfer charges, foreign transaction fees, or cash withdrawal charges. These can add up over time and affect the overall cost-effectiveness of the card.
- Credit Utilization: Maintain a balance within your credit limit to avoid high credit utilization ratios, which can negatively impact your credit score. Responsible use of credit is essential for maintaining financial health.
- Long-Term Financial Plans: Consider how the credit card fits into your overall financial strategy. Avoid accumulating unnecessary debt and choose a card that supports your long-term financial goals without adding financial strain.
How much can I save on international spends using this card?
The card has a 1% forex mark-up fee. For every Rs. 200 spent, you earn 36 reward points online and 18 reward points offline. For example, spending Rs. 50,000 on online international purchases gives you 36 reward points, saving Rs. 2,250, minus the 1% forex fee of Rs. 500. Your effective savings will be Rs. 1,750.
What is the value of 1 Reward Point?
1 Reward Point is worth Rs. 0.25.
Can I get add-on cards with this credit card?
Yes, you can get up to 3 add-on cards, which share the same credit limit as the primary cardholder.
Can YES Rewardz points be converted to air miles?
Yes, you can convert YES Rewardz points to air miles. The conversion rate is 4 YES Rewardz points = 1 Club Vistara point or 1 InterMile.
Does Marquee credit card support contactless payments?
Yes, the Marquee credit card supports contactless payments.
Are there any spend-based eligibility conditions for availing lounge access on YES Marquee Credit Card?
Yes, to access the lounges for free, cardholders need to spend Rs. 1 lakh in the previous quarter. Certain transactions like fee payments or rentals do not count toward this threshold.
What options do I have for redeeming YES Marquee Credit Card reward points?
You can redeem reward points through the YES Rewardz Portal for travel bookings, miles conversion, vouchers, and merchandise.
I already have YES First Preferred Credit Card. Can I upgrade it to Marquee?
You may be able to upgrade depending on eligibility and bank policies. Contact your relationship manager or customer care for more details.
What are the minimum salary criteria to apply for a Marquee credit card?
You need to have a minimum salary of Rs. 3 lakh to apply for this card.
Is the Marquee Credit Card lifetime free?
No, there is a joining fee of Rs. 9,999 for this credit card.
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