Yes Bank RuPay Credit Card
Gaurav
Yes Bank offers a variety of credit cards, from basic to premium options. Recently, they introduced a RuPay credit card, following the RBI's decision to allow RuPay cards to be linked to UPI apps for payments. Yes Bank's RuPay card is available for free when you apply for another Yes Bank card and is only available in a virtual version. It has no annual fee and allows you to make UPI payments. Plus, you can earn extra reward points when making payments through UPI.
To learn more about the Yes Bank RuPay credit card and its features, read our article.
Rewards and Benefits
Movie & Dining
N/A
Domestic Lounge Access
N/A
Rewards Rate
4 RPs per ₹200 on UPI transactions above ₹2,000, 2 RPs per ₹200 on other online spends
Golf
N/A
Travel
N/A
Insurance Benefits
N/A
International Lounge Access
N/A
Reward Redemption
Reward points earned can be redeemed against a host of choices at the Yes Rewardz portal
Fees & Charges
Interest Rates
3.8% per month or 45.6% per annum
Spend-Based Waiver
N/A
Rewards Redemption Fee
Rs. 100 per redemption request
Cash Advance Charges
N/A
Foreign Currency Markup
2.75 +GST
Fuel Surcharge
1% fuel surcharge waiver on spends between Rs. 400 to Rs. 5000, with maximum benefit capped at Rs. 125 per statement cycle
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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