The YES Prosperity Rewards Plus RuPay Credit Card is designed to cater to the diverse needs of modern consumers, offering a well-rounded rewards program that enhances everyday spending. As part of the RuPay network, the card provides various domestic benefits, including rewards on shopping, dining, and travel. This credit card is positioned as a mid-tier option, making it suitable for individuals who seek value and benefits without the hefty fees associated with premium cards. In this review, we’ll explore the features, fees, benefits, and more to help you determine if the YES Prosperity Rewards Plus RuPay Credit Card is the right choice for your financial lifestyle.
Overview
| Feature | Details |
|---|---|
| Card Type | Mid-Tier Credit Card |
| Reward Rate | 4 Reward Points per ₹200 spent |
| Reward Value | Varies based on redemption options |
| Joining Fee | ₹499 + GST (waived on spending ₹15,000 in the first 90 days) |
| Unique Selling Points | Extensive rewards program, low joining fee, RuPay benefits |
| Rating | ★★★★☆ (4.2/5) |
YES Prosperity Rewards Plus RuPay Credit Card Fees and Charges
| Fee Type | Details |
|---|---|
| Joining Fee | ₹499 + GST (waived on spending ₹15,000 in the first 90 days) |
| Annual Fee | ₹499 + GST (waived on spending ₹50,000 annually) |
| Finance Charges | 3.5% per month (42% per annum) |
| Foreign Transaction Fee | 3.5% + GST |
| Cash Advance Fee | 2.5% of the amount withdrawn (min ₹300) |
| Late Payment Fee | ₹100 to ₹1,200 depending on the outstanding balance |
| Fuel Surcharge Waiver | 1% on transactions between ₹400 and ₹5,000 |
YES Prosperity Rewards Plus RuPay Credit Card Benefits
Welcome Benefits
- Joining Fee Waiver: Spend ₹15,000 within the first 90 days to get your joining fee of ₹499 + GST waived.
- Reward Points: Earn 1,500 Reward Points as a welcome bonus upon first spend within 30 days of card issuance.
Rewards Program
- Earn Points on Every Spend: Get 4 Reward Points for every ₹200 spent across categories like shopping, dining, and travel.
- Accelerated Rewards: Earn up to 10X Reward Points during special promotions and on RuPay network offers.
Milestone Benefits
| Milestone | Reward |
|---|---|
| Spend ₹50,000 in a year | Waiver of the annual fee for the next year |
| Spend ₹1 Lakh in a year | Additional 5,000 Bonus Reward Points |
Rewards
| Spending Category | Reward Points Earned |
|---|---|
| All Purchases | 4 Reward Points per ₹200 spent |
| Accelerated Rewards | Up to 10X Reward Points on select categories and promotions |
Redemption
Reward Points earned on the YES Prosperity Rewards Plus RuPay Credit Card can be redeemed for a variety of options including gift vouchers, merchandise, and travel bookings. The redemption process is simple and offers flexibility to choose rewards that align with your preferences.
Gift Vouchers Available
| Category | Brands |
|---|---|
| Shopping | Myntra, Amazon, Pantaloons, Levi’s, Lifestyle, Shoppers Stop, Westside |
| Electronics | Croma |
| OTA | MakeMyTrip, EaseMyTrip |
| Hotels | Oberoi Hotels, Taj Hotels, ITC Hotels |
| Cabs | Uber, Ola |
| Airline | Vistara, IndiGo, SpiceJet |
| Luxury Brands | Neiman Marcus, Gucci, Louis Vuitton |
| Merchandise | Apple, Samsung |
Airport Lounge Access
| Lounge Access | Details |
|---|---|
| Domestic Lounge Access | Complimentary 2 visits per quarter |
| International Lounge Access | Not available |
| Annual Limit | 8 visits per year |
Airport Transfers
The YES Prosperity Rewards Plus RuPay Credit Card does not offer complimentary airport transfers, focusing instead on providing comprehensive rewards on everyday spends.
Forex Markup Fee
| Feature | Details |
|---|---|
| Forex Markup Fee | 3.5% + GST |
| Reward Rate for International Spends | 4 Reward Points per ₹200 spent |
Eligibility
- Age: 21 to 65 years.
- Income: Minimum annual income of ₹3 lakh.
- Employment: Available to salaried and self-employed individuals.
How to Apply?
Online Application
- Visit the official YES Bank credit card page.
- Select “YES Prosperity Rewards Plus RuPay Credit Card.”
- Fill in the required personal and financial details.
- Upload the necessary documents and submit your application.
- Await verification and approval.
Offline Application
- Visit the nearest YES Bank branch.
- Request an application form for the YES Prosperity Rewards Plus RuPay Credit Card.
- Fill out the form and submit it along with required documents.
- Await verification and approval.
YES Prosperity Rewards Plus RuPay Credit Card Review
Editor’s Rating
Summary
The YES Prosperity Rewards Plus RuPay Credit Card offers a well-rounded rewards program that caters to diverse spending needs. With 4 Reward Points per ₹200 spent, it provides substantial value, especially when combined with milestone bonuses and accelerated rewards. The card’s low annual fee, which can be waived with moderate spending, adds to its appeal. However, its lack of international perks and luxury benefits may limit its attractiveness to frequent travelers. Overall, this card is ideal for those who want to earn rewards on everyday purchases without a high annual fee.
Pros and Cons
| Pros | Cons |
|---|---|
| Low joining and annual fee, with waiver options | No international lounge access or luxury travel benefits |
| 4 Reward Points per ₹200 spent on a wide range of categories | Limited redemption options for international rewards |
| Complimentary domestic lounge access twice per quarter | No airport transfer benefits |
| Part of the RuPay network, offering domestic offers and RuPay-specific promotions | High foreign transaction fee at 3.5% + GST |
Comparison with Similar Cards
| Feature | YES Prosperity Rewards Plus RuPay Credit Card | HDFC Millennia Credit Card | ICICI Bank Coral Credit Card |
|---|---|---|---|
| Annual Fee | ₹499 + GST (waived on spending ₹50,000 annually) | ₹1,000 + GST (waived on spending ₹1 lakh annually) | ₹500 + GST (waived on spending ₹1.5 lakh annually) |
| Reward Rate | 4 Reward Points per ₹200 spent | 1% Cashback on online spends and 2.5% on smartBuy | 2 Reward Points per ₹100 spent, 2X points on online spends |
| Lounge Access | 2 domestic lounge visits per quarter | 4 domestic lounge visits per year | 1 complimentary domestic lounge visit per quarter |
| Milestone Benefits | Waiver at ₹50,000 spend, 5,000 points at ₹1 lakh spend | ₹1,000 voucher on ₹1 lakh spend annually | Fee waiver at ₹1.5 lakh annual spend |
| Forex Markup Fee | 3.5% + GST | 2% + GST | 3.5% + GST |
HDFC Millennia Credit Card Comparison
The HDFC Millennia Credit Card is a strong contender in the mid-tier segment, offering significant cashback on online spends and accelerated rewards through HDFC’s SmartBuy platform. It comes with a higher annual fee, which is justified by more extensive benefits, including a broader range of redemption options and additional lounge visits. If online shopping is your primary expense category, the HDFC Millennia may offer better value. However, the YES Prosperity Rewards Plus RuPay Credit Card stands out for those looking for a more balanced reward structure and lower fees.
ICICI Bank Coral Credit Card Comparison
The ICICI Bank Coral Credit Card is another mid-tier option with a slightly higher annual fee waiver threshold. It offers 2X Reward Points on online spends and access to a wide range of redemption options. While the ICICI Coral card provides fewer lounge visits, it might be better suited for users who prioritize online shopping rewards over other categories. The YES Prosperity Rewards Plus RuPay Credit Card offers a more straightforward and accessible rewards program, particularly for users who want domestic benefits and lower fees.
FAQ
What is the annual fee for the YES Prosperity Rewards Plus RuPay Credit Card?
The annual fee is ₹499 + GST, which is waived on spending ₹50,000 annually.
How do I earn reward points with this card?
You earn 4 Reward Points for every ₹200 spent across all categories, with accelerated rewards during special promotions.
Does this card offer airport lounge access?
Yes, the card provides 2 complimentary domestic airport lounge visits per quarter.
Are there milestone rewards available with this card?
Yes, you can get an annual fee waiver on spending ₹50,000 and 5,000 bonus reward points on spending ₹1 lakh in a year.
Can I use this card internationally?
Yes, you can use the card internationally, but it has a 3.5% + GST foreign transaction fee, and reward points are earned at the same rate as domestic spends. For more details you can visit YES Bank credit card page.
