The YES Bank Prosperity Edge Credit Card is designed to offer a wide range of benefits across multiple categories, including shopping, travel, dining, and more. This card is an excellent option for those seeking an entry-level credit card with valuable rewards and perks, including complimentary lounge access and milestone benefits.
Overview
| Feature | Details |
|---|---|
| Card Type | Entry-Level Credit Card |
| Reward Rate | Up to 8 Reward Points per ₹200 spent |
| Reward Value | 1 Reward Point = ₹0.25 (for travel bookings) |
| Annual Fee | ₹399 + GST (waived on spending ₹15,000 within 90 days) |
| Unique Selling Points | Complimentary domestic lounge access, milestone rewards |
| Rating (out of 5) | 4.2 |
Table of Contents
Welcome Benefits for YES Bank Prosperity Edge Credit Card
| Welcome Benefit | Details |
|---|---|
| Bonus Reward Points | Not specified |
| Additional Benefits | N/A |
Fees for YES Bank Prosperity Edge Credit Card
| Fee Type | Details |
|---|---|
| Joining Fee | ₹399 + GST (waived on spending ₹15,000 within 90 days) |
| Renewal Fee | ₹399 + GST (waived on spending ₹75,000 annually) |
| Finance Charges | 3.8% per month |
| Late Payment Fee | ₹100 to ₹1,300 based on the outstanding balance |
| Foreign Transaction Fee | 2.75% + GST |
Utility Payment Charges for YES Bank Prosperity Edge Credit Card
| Payment Type | Charges |
|---|---|
| Rent Payment | 1% fee using third-party apps like CRED, Paytm |
| Education | 1% fee using third-party apps |
| Utilities | No additional charges |
Benefits of YES Bank Prosperity Edge Credit Card
This card offers various benefits, including:
- Travel Benefits: One complimentary domestic lounge access per quarter, along with 4 complimentary rounds of golf annually.
- Insurance Coverage: Purchase protection for mobile phones and electronics purchased online, covering accidental damages for up to 6 months.
- Fuel Surcharge Waiver: 1% waiver on fuel surcharge for transactions between ₹400 and ₹5,000, with a maximum waiver of ₹500 per billing cycle.
Rewards from YES Bank Prosperity Edge Credit Card
| Spend Category | Reward Rate |
|---|---|
| Online Spends | 8 Reward Points per ₹200 spent |
| Offline Spends | 4 Reward Points per ₹200 spent |
| Other Spends (e.g., insurance, utilities) | 2 Reward Points per ₹200 spent |
| Reward Value | 1 Reward Point = ₹0.25 for travel bookings |
| Rewards Expire in | 3 years |
Milestone Benefits of YES Bank Prosperity Edge Credit Card
| Spending Milestone | Reward Earned |
|---|---|
| Annual Spend of ₹6 Lakh | 15,000 Reward Points |
Redemption of YES Bank Prosperity Edge Credit Card Points
The reward points earned can be redeemed for various options:
- Travel: 1 Reward Point = ₹0.25 for travel bookings.
- Movies and Bill Payments: 1 Reward Point = ₹0.10.
- Other Redemptions: Points can be redeemed via the YES Rewardz portal for gift vouchers, products, and more.
Gift Vouchers Available
| Category | Brands |
|---|---|
| Shopping | Myntra, Amazon, Pantaloons, Levi’s, Lifestyle, Shoppers Stop |
| Electronics | Croma |
| OTA | MakeMyTrip, EaseMyTrip |
| Hotels | Oberoi Hotels, Taj Hotels, ITC Hotels |
| Cabs | Uber, Ola |
| Airline | IndiGo, Vistara |
Airport Lounge Access with YES Bank Prosperity Edge Credit Card
| Access Type | Details |
|---|---|
| Domestic Lounges | 1 complimentary visit per quarter |
| International Lounges | Available via Priority Pass (at a charge) |
| Add-on Cardholder Benefits | Same as primary cardholder |
Airport Transfers with YES Bank Prosperity Edge Credit Card
This card does not offer specific airport transfer benefits.
Forex Markup Fee for YES Bank Prosperity Edge Credit Card
| Fee Type | Details |
|---|---|
| Forex Markup Fee | 2.75% + GST on all international transactions |
Card Review: YES Bank Prosperity Edge Credit Card
The YES Bank Prosperity Edge Credit Card is an excellent choice for entry-level users who want to maximize rewards on online and offline purchases. With valuable benefits like complimentary lounge access and milestone rewards, this card offers substantial value for a nominal annual fee.
Rating: (out of 5)
- Overall Rating: 4.2
- Benefits: 4.3
- Fees: 4.0
- Customer Service: 4.2
Pros and Cons of YES Bank Prosperity Edge Credit Card
Advantages:
- High reward rate on online spends
- Complimentary domestic lounge access
- Low annual fee with potential waivers
Drawbacks:
- Limited rewards on select categories
- No international lounge access without additional charges
Similar Cards to YES Bank Prosperity Edge
| Feature | YES Bank Prosperity Edge Credit Card | SBI SimplyCLICK Credit Card | HDFC MoneyBack Credit Card | Axis Bank ACE Credit Card |
|---|---|---|---|---|
| Annual Fee | ₹399 + GST | ₹499 + GST | ₹500 + GST | ₹499 + GST |
| Lounge Access | 1 domestic visit per quarter | N/A | N/A | N/A |
| Reward Rate | 8 RP per ₹200 spent online | 10x rewards on online spends | 10x rewards on online spends | 5% cashback on select spends |
| Reward Value | 1 RP ≈ ₹0.25 | 1 point ≈ ₹0.25 | 1 point ≈ ₹0.25 | 1% cashback |
| Special Benefits | High rewards, lounge access | High rewards on online spends | High rewards on online spends | High cashback on utility spends |
Relevant Links
To help our readers navigate our website and find additional relevant content, here are some internal links you might find useful:
- Best Entry-Level Credit Cards in India
- How to Maximize Credit Card Rewards
- YES Bank Credit Cards Overview
For more detailed information about YES Bank credit cards and other financial products, you can visit the official YES Bank website.
FAQ
Q: What is the annual fee for the YES Bank Prosperity Edge Credit Card?
A: The annual fee for the YES Bank Prosperity Edge Credit Card is ₹399 + GST, which can be waived upon spending ₹15,000 within 90 days of card issuance.
Q: How can I earn reward points with the YES Bank Prosperity Edge Credit Card?
A: You can earn up to 8 Reward Points per ₹200 spent on online transactions and up to 4 Reward Points per ₹200 on offline transactions.
