YES First Preferred Credit Card
The YES First Preferred Credit Card is a high-end card that gives you great value through reward points and other useful features. You can earn 4 reward points for every Rs. 200 you spend on things like taxes, utility bills, and groceries, and 8 reward points on other regular shopping. If you make your first purchase within 90 days of getting the card, you’ll get a bonus of 10,000 reward points. The card also offers benefits like an annual fee waiver, the option to convert purchases into easy EMIs, and the ability to redeem reward points for select items.
This card is also a good option for people who travel often. It gives you 2 free visits to domestic airport lounges every quarter and 4 free international lounge visits every year. These travel benefits, along with the chance to earn and use reward points, make the YES First Preferred Credit Card a smart choice for anyone who wants to save more while enjoying extra perks.
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 can I get the renewal fee waived for my credit card?
You can get the renewal fee waived if you spend over Rs. 2.5 lakhs in the previous year.
What is the foreign currency fee for this credit card?
The fee for foreign currency transactions is 1.75%.
How can I avail the Priority Pass membership?
To get the Priority Pass, download the application form from YES Bank’s website, fill it out, and send it to the address provided.
Can I apply for this credit card if I am an NRI?
Yes, this credit card is available to NRIs.
Can self-employed individuals apply for this credit card?
Yes, self-employed individuals can also apply for this credit card.
How does the Credit Shield Cover work?
The Credit Shield Cover protects your outstanding dues in case of accidental death of the primary cardholder.
Can I convert my purchases into EMIs?
Yes, you can convert purchases into EMIs using the Instant EMI service at participating merchants.
What are the movie ticket discounts with this credit card?
You get a 25% discount on movie tickets booked via BookMyShow when paid with your YES First Preferred card.
How do I get medical insurance with this card?
The card provides medical insurance for up to Rs. 25 lakhs in case of emergency hospitalization for overseas treatment.
How can I get golf concierge service assistance?
To book or get assistance for golf services, you can call YES Bank’s customer care at 1800 103 1212.
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