YES Prosperity Cashback Plus Credit Card
The YES Prosperity Cashback Plus Credit Card lets you earn cashback on everyday purchases, helping you spend less overall. When you pay the joining fee of ₹1,499, you get ₹250 cashback after spending ₹2,500 within 30 days of getting the card. You earn 0.75% cashback on all regular shopping. You get 5% cashback on grocery shopping and movie tickets, with a monthly limit of ₹100. Additionally, you’ll get 5% cashback when you pay utility bills using YES PayNow.
This card also gives you extra safety features like credit shield and protection if your card is lost or stolen. It is a better version of the basic YES Prosperity Cashback Card and is great for people who shop often and want to get cashback on daily needs. Overall, it’s a smart way to save more while spending on things you already buy.
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 apply for the YES Prosperity Cashback Plus Credit Card?
You can apply online through the YES Bank website by selecting the card and clicking on 'Apply Now'. Alternatively, you can visit a nearby YES Bank branch and apply offline.
What welcome benefit is offered with this card?
As a welcome offer, you receive ₹250 cashback when you spend ₹2,500 or more within 30 days of receiving the card.
Does this card offer an annual or joining fee waiver?
No, there is no waiver on the joining or annual fee. However, the welcome cashback offer provides value in the first month.
What are the eligibility criteria to apply for this card?
You should be 21 years old or older. Salaried individuals need a minimum income of ₹35,000 per month, while self-employed applicants must show an annual ITR of over ₹5 lakh.
Can I get this card if I already have another credit card?
Yes, YES Bank allows multiple credit cards as long as you meet the eligibility requirements for this one.
Is this card exempt from fuel surcharge fees?
Yes, you get a 1% fuel surcharge waiver on transactions between ₹400 and ₹5,000, limited to ₹125 per billing cycle across all fuel stations in India.
Can I use this card to withdraw cash?
Yes, but cash withdrawals come with a fee of 2.5% of the amount or ₹300, whichever is higher, so it’s best used only in emergencies.
What is the foreign transaction fee on this card?
The foreign currency markup fee is 3.4% on all international transactions made using this credit card.
How can I check the status of my credit card application?
You can track your application status online by logging into the YES Bank website with your application number, or by calling customer care.
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