The YES First Business Credit Card is a premium offering from YES Bank designed for business owners and self-employed professionals. It provides a wide range of benefits, including high reward points, travel perks, and comprehensive insurance coverage. This card is ideal for those looking to maximize rewards on business-related expenses while enjoying exclusive privileges such as airport lounge access and golf benefits.
- Overview
- YES First Business Credit Card Fees and Charges
- YES First Business Credit Card Benefits
- Rewards
- YES First Business Credit Card Usage
- Airport Lounge Access
- Foreign Transaction Fee
- Eligibility
- How to Apply?
- YES First Business Credit Card Review
- Similar Cards to YES First Business Credit Card
- Card Comparison
- FAQ
Overview
| Feature | Details |
|---|---|
| Card Type | Business Credit Card |
| Reward Rate | 16 Reward Points per ₹200 on select categories; 8 Reward Points per ₹200 on others |
| Reward Value | 1 Reward Point = ₹0.25 when redeemed |
| Joining Fee | ₹999 + GST |
| Unique Selling Points | High reward rate, airport lounge access, and comprehensive insurance coverage |
| Rating | ★★★★☆ (4.5/5) |
YES First Business Credit Card Fees and Charges
| Fee Type | Details |
|---|---|
| Joining Fee | ₹999 + GST (waived on spending ₹20,000 within 30 days) |
| Annual Fee | ₹999 + GST (waived on spending ₹3 lakh annually) |
| Finance Charges | 3.80% per month (45.6% per annum) |
| Foreign Transaction Fee | 1.75% + GST |
| Cash Advance Fee | 2.5% of the amount withdrawn (min ₹300) |
| Late Payment Fee | ₹100 to ₹1,300 depending on the outstanding balance |
| Fuel Surcharge Waiver | 1% on transactions between ₹400 and ₹5,000 |
YES First Business Credit Card Benefits
High Reward Rate
- 16 Reward Points per ₹200 Spent on Select Categories: This makes it one of the most rewarding business credit cards for specific spending categories.
- 8 Reward Points per ₹200 on Other Categories: Ensures you earn rewards on a wide range of business expenses.
Travel and Lifestyle Benefits
- International Lounge Access: Up to 6 complimentary visits per year to international airport lounges.
- Domestic Lounge Access: 2 complimentary visits per quarter to over 30 domestic lounges in India.
- Golf Privileges: 1 complimentary golf lesson every calendar month and additional sessions with green fee waivers at select courses in India.
Insurance Coverage
- Comprehensive Insurance: Includes a credit shield of ₹8 lakh on accidental death of the primary cardholder and lost card liability coverage of ₹8 lakh.
Welcome Benefits
- Welcome Gift: Get a ₹500 Amazon voucher upon spending ₹1,000 within the first 30 days.
Rewards
| Spending Category | Reward Points Earned |
|---|---|
| Select Categories | 16 Reward Points per ₹200 spent |
| Other Categories | 8 Reward Points per ₹200 spent |
| Milestone Rewards | 20,000 Reward Points on annual spends of ₹12 lakh or more |
| Air Miles Conversion | 10 YES Rewardz Points = 1 InterMile / 1 Club Vistara Point |
Redemption
- Gift Vouchers and Merchandise: Redeem your Reward Points for a variety of gift vouchers and merchandise.
- Travel and Lifestyle: Use Reward Points for flights, hotels, and other travel services.
YES First Business Credit Card Usage
- Business and Personal Expenses: Use the card for a variety of expenses to maximize reward earnings.
- Bill Payments: Earn Reward Points on utility bills, mobile recharges, and other regular expenses.
Airport Lounge Access
The YES First Business Credit Card offers complimentary access to select international and domestic airport lounges, making it an excellent choice for frequent business travelers.
Foreign Transaction Fee
| Feature | Details |
|---|---|
| Foreign Transaction Fee | 1.75% + GST |
Eligibility
- Age: 21 to 70 years.
- Income: Minimum income tax return of ₹10 lakh.
- Business Status: Available to self-employed individuals, proprietors, and partners of partnership firms.
How to Apply?
Online Application
- Visit the YES Bank website.
- Complete the application form with your business and personal details.
- Submit the required documents for verification.
- If eligible, you’ll receive approval, and the card will be delivered to your address.
YES First Business Credit Card Review
Editor’s Rating
- Benefits: 4.5/5
- Fees: 4.0/5
- Customer Service: 4.3/5
Summary
The YES First Business Credit Card offers exceptional value for business owners seeking high rewards on their spending, coupled with premium travel benefits and comprehensive insurance coverage. The card’s high reward rate, especially on select categories, combined with lounge access and golf privileges, makes it an ideal choice for those who frequently travel or entertain clients. While the annual fee is substantial, it can be waived with adequate spending, making the card a valuable tool for managing business expenses and enjoying exclusive perks.
Pros and Cons
| Pros | Cons |
|---|---|
| High reward rate of 16 Reward Points per ₹200 spent on select categories | High annual fee, although it can be waived |
| Complimentary international and domestic lounge access | No cashback option for Reward Points |
| Comprehensive insurance coverage and golf privileges | Relatively high finance charges on revolving credit |
| Attractive foreign currency markup fee of 1.75% | Rewards capped in certain categories |
Similar Cards to YES First Business Credit Card
| Feature | YES First Business Credit Card | ICICI Bank Corporate Platinum Credit Card | HDFC Business MoneyBack Credit Card |
|---|---|---|---|
| Annual Fee | ₹999 + GST (waived on spending ₹3 lakh annually) | Nil | ₹500 + GST (waived on spending ₹50,000 annually) |
| Reward Rate | 16 Reward Points per ₹200 on select categories; 8 on others | 1 Reward Point per ₹100 spent | 2 Reward Points per ₹150 spent |
| Airport Lounge Access | Yes, complimentary access to select lounges | Yes, complimentary access to select lounges | No |
| Eligibility | Available to self-employed individuals and business owners | Available to corporate employees and business owners | Available to self-employed professionals and business owners |
| Foreign Transaction Fee | 1.75% + GST | 3.5% + GST | 3.5% + GST |
Card Comparison
- YES First Business Credit Card vs. ICICI Bank Corporate Platinum Credit Card: The YES First Business Credit Card offers a higher reward rate of 16 Reward Points per ₹200 spent on select categories, compared to 1 Reward Point per ₹100 spent with the ICICI Bank Corporate Platinum Card. Additionally, YES First includes more premium benefits such as lower foreign transaction fees and golf privileges. However, ICICI’s card has no annual fee, making it a cost-effective choice for businesses.
- YES First Business Credit Card vs. HDFC Business MoneyBack Credit Card: The YES First Business Credit Card offers more significant rewards and additional perks like lounge access and golf benefits, making it ideal for high-spending businesses. In contrast, the HDFC Business MoneyBack Credit Card has a lower annual fee and is more suitable for small businesses looking for a straightforward rewards program without premium features.
FAQ
What is the annual fee for the YES First Business Credit Card?
The annual fee is ₹999 + GST, waived on spending ₹3 lakh annually.
How do I earn rewards with the YES First Business Credit Card?
You earn 16 Reward Points per ₹200 spent on select categories and 8 Reward Points per ₹200 on others.
Does the YES First Business Credit Card support international transactions?
Yes, the card supports international transactions with a foreign transaction fee of 1.75% + GST.
How do I manage my YES First Business Credit Card account?
You can manage your card through the YES Bank net banking portal or the YES Bank Mobile App, which offers real-time tracking, spending insights, and more.
Are there any hidden fees with the YES First Business Credit Card?
No, the YES First Business Credit Card has no hidden fees, and all charges are transparently communicated through the bank’s official channels.
