YES Bank POPclub Credit Card
Gaurav
YES Bank has teamed up with POPclub to create a special credit card called the YES Bank POPclub Credit Card. With every purchase, cardholders earn POPcoins, which can be used on the POPclub app for future buys. The card also offers great joining benefits with popular brands like Blinkit, Cult Sport, and more, plus some free memberships. Here’s everything you need to know about this card.
Rewards and Benefits
Movie & Dining
N/A
Domestic Lounge Access
N/A
Rewards Rate
10 POPcoins per Rs. 100 spent on online transactions
Golf
N/A
Travel
N/A
Insurance Benefits
N/A
International Lounge Access
N/A
Reward Redemption
Earn 10 POPcoins for every Rs. 100 spent on online transactions, 2 POPcoins for every Rs. 100 spent offline, and get extra POPcoins on over 500 brands through the POPclub app.
Fees & Charges
Interest Rates
3.8% per month or 45.6% per annum
Spend-Based Waiver
Spend Rs. 1.5 Lakh and get bonus 1,500 POPcoins
Rewards Redemption Fee
N/A
Cash Advance Charges
N/A
Foreign Currency Markup
3.75 +GST
Fuel Surcharge
1% fuel surcharge waiver across all fuel stations
What should you consider before applying for a credit card in India?
Before applying for a credit card in India, consider the following factors:
- Eligibility Criteria: Check the age, income, credit score, and employment status requirements set by the bank or financial institution.
- Credit Score: A higher credit score increases your chances of approval and may result in better offers. Ensure your credit score is in good standing.
- Interest Rates and Fees: Compare annual percentage rates (APR), processing fees, late payment penalties, and foreign transaction fees. These can vary significantly between cards.
- Rewards and Benefits: Look for cards that offer rewards, cashback, discounts, or other perks that align with your spending habits.
- Credit Limit: Make sure the credit limit offered is in line with your financial needs. Avoid over-borrowing, which can lead to high-interest charges.
- Repayment Terms: Understand the repayment options, minimum payment amount, and due dates. Consider how easily you can manage timely payments to avoid interest accumulation.
- Card Type and Features: Choose a card type (e.g., standard, premium, travel, etc.) based on your requirements. Some cards offer more benefits for specific categories like travel, shopping, or dining.
- Bank’s Reputation: Opt for a bank with a good track record of customer service and transparency. Read reviews and consider their customer support accessibility.
- Hidden Charges: Be aware of any hidden fees, such as annual fees, balance transfer charges, and cash withdrawal fees.
- Credit Utilization: Ensure you can manage your spending within the credit limit to maintain a healthy credit utilization ratio, which impacts your credit score.
- Long-Term Financial Plans: Think about how the credit card will fit into your long-term financial goals and avoid accumulating unnecessary debt.
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