Yes Bank Wellness Credit Card
Gaurav
The YES Bank Wellness Credit Card is a partnership between YES Bank and Aditya Birla Wellness Pvt Ltd. It focuses on promoting self-care and overall health for consumers. This card is a simpler version of the YES Bank Wellness Plus Credit Card, which has a higher fee and offers more benefits. The Wellness Credit Card includes health-related perks like free health checkups, doctor consultations, and other lifestyle benefits. It also allows you to earn reward points in various categories. For every Rs 200 spent at chemist or pharmaceutical stores, you earn 20 reward points, and for other categories, you earn 4 reward points per Rs 200 spent.
Rewards and Benefits
Movie & Dining
YES Privileges offers amazing deals on movies, shopping, travel, and wellness at select locations.
Domestic Lounge Access
N/A
Rewards Rate
1 Reward Point = Rs 0.25
Golf
N/A
Travel
N/A
Insurance Benefits
You get insurance coverage if the main cardholder dies in an accident.
International Lounge Access
N/A
Reward Redemption
You can redeem your Reward Points by visiting credit.yesrewardz.com or calling Yes Rewardz Customer Care at 1800 4190 600 between 9 a.m. and 9 p.m., any day of the week.
Fees & Charges
Interest Rates
42% per annum (3.5% per month)
Spend-Based Waiver
N/A
Rewards Redemption Fee
Redemption Fee of Rs 100/- plus GST is applicable
Cash Advance Charges
2.5% of the transaction amount or Rs. 300, higher of the two.
Foreign Currency Markup
3.50 +GST
Fuel Surcharge
You will get a 1% discount on the fuel surcharge at any fuel station in India for transactions between INR 400 and INR 5,000.
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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