The YES RESERVE Credit Card, previously known as the YES FIRST Exclusive Credit Card, is a super-premium offering from YES Bank tailored for high-net-worth individuals who seek luxurious benefits and exclusive perks. This card provides extensive travel benefits, high reward rates, and access to a wide network of airport lounges globally. In this comprehensive review, we explore the key features and benefits of the YES RESERV Credit Card to help you determine if it aligns with your financial and lifestyle needs.
YES RESERVE Credit Card Overview
| Feature | Details |
|---|---|
| Card Type | Premium Credit Card |
| Reward Rate | 12 reward points for every ₹200 spent on travel and dining; 6 reward points for other spends |
| Reward Value | 1 Reward point equals ₹0.25 |
| Annual Fee | ₹1,999 + GST |
| Unique Selling Points | Unlimited lounge access, high reward rate, luxury perks |
| Rating (out of 5) | 4.8 |
Table of Contents
Welcome Benefits for YES RESERVE Credit Card
| Welcome Benefit | Details |
|---|---|
| Reward Points | 50,000 reward points on card activation |
| Additional Benefits | Complimentary membership to the YES Privileges Program |
Joining Fees for YES RESERVE Credit Card
| Fee Type | Details |
|---|---|
| Joining Fee | Rs. 1,999 + GST (Waived on spending ₹40,000 within 30 days) |
| Renewal Fee | Rs. 1,999 + GST (Waived on spending ₹3 lakh annually) |
| Finance Charges | 2.99% per month (38.88% per annum) |
| Late Payment Fee | Ranges from ₹100 to ₹1,300 based on the outstanding balance |
Utility Payment Charges for YES RESERVE 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 |
Membership Benefits of YES RESERVE Credit Card
The YES RESERVE Credit Card offers a variety of premium benefits:
- Travel Benefits: Unlimited access to domestic and international airport lounges through the Priority Pass program.
- Hotel Benefits: Complimentary night stay at select luxury hotels once a year.
- Dining and Entertainment: Up to 20% savings at partner restaurants.
- Golf Benefits: Four complimentary golf rounds at select golf courses annually.
- Insurance Coverage: Credit shield cover up to ₹15 lakh and lost card liability cover up to ₹15 lakh.
- Concierge Services: 24/7 concierge services for travel, dining, and entertainment reservations.
Rewards from YES RESERVE Credit Card
| Spend Category | Reward Rate |
|---|---|
| Travel and Dining Spends | 24/12 reward points online/offline shopping for every ₹200 spent |
| Other Spends | 6 reward points for every ₹200 spent |
| Reward Points Cap | 36000 reward points per statement cycle |
| Reward Value | 1 Reward point equals ₹0.25 |
| Rewards Expire in | 3 years |
Milestone Benefits of YES RESERVE Credit Card
| Spending Milestone | Reward Earned |
|---|---|
| Annual Spending of ₹20 lakh | 25,000 bonus reward points |
Redemption of YES RESERVE Credit Card Points
Cardholders can redeem their reward points through various channels:
- Travel: Book flights and hotels via the YES Bank rewards portal.
- Gift Vouchers: Redeem points for gift vouchers from leading brands.
- Merchandise: Choose from a range of products in the rewards catalog.
- Cashback: Convert points into statement credits or pay for recent charges.
Gift Vouchers Available
| Category | Brands |
|---|---|
| Shopping | Myntra, Amazon, Pantaloons, Levi’s, Lifestyle, Shoppers Stop, Westside |
| Electronics | Croma |
| OTA | MakeMyTrip, EaseMyTrip |
| Hotels | Marriott 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 with YES RESERVE Credit Card
| Access Type | Details |
|---|---|
| Domestic Lounges | 12 complimentary lounge visits. |
| International Lounges | 6 complimentary lounge visits |
| Add-on Cardholder Benefits | Same benefits as primary cardholder |
Airport Transfers with YES RESERVE Credit Card
The YES RESERVE Credit Card offers luxury airport transfer services at a discounted rate, providing convenience and comfort for frequent travelers. This service is subject to availability and requires prior booking through the YES Bank concierge.
Forex Markup Fee for YES RESERVE Credit Card
| Fee Type | Details |
|---|---|
| Forex Markup Fee | 1.75% of the transaction amount |
Eligibility for YES RESERVE Credit Card
To apply for the YES RESERV Credit Card, applicants must meet the following criteria:
- Age: 21 to 60 years old
- Occupation: Salaried or Self-employed
- Minimum Income (Salaried): ₹2 lakh per month
- Minimum Income (Self-employed): ITR of at least ₹18 lakh per annum
- Credit Score: Generally, a good credit score above 750 is preferred.
How to Apply for the YES RESERVE Credit Card
Applying for the YES RESERV Credit Card is straightforward:
- Online Application:
- Visit the YES Bank website.
- Click on the “Apply Now” button and fill out the required personal and financial information.
- Submit the necessary documents online as per the instructions.
- Offline Application:
- Visit the nearest YES Bank branch.
- Request an application form for the YES RESERVE Credit Card.
- Fill out the form with accurate details and attach the required documents.
- Submit the form at the branch and await approval.
Card Review: YES RESERVE Credit Card
The YES RESERV Credit Card is an excellent choice for high-net-worth individuals and frequent travelers seeking luxury and exclusive privileges. With extensive travel benefits, high reward rates, and a multitude of lifestyle perks, it offers substantial value for those who demand the best in credit card benefits.
Rating: 4.8
- Overall Rating: 4.8
- Benefits: 4.9
- Fees: 4.5
- Customer Service: 4.8
Pros and Cons of YES RESERVE Credit Card
Advantages of the Credit Card:
- Extensive travel benefits, including global lounge access and elite hotel stays.
- High reward rates on travel and dining spends.
- Comprehensive concierge services and premium membership perks.
Potential Drawbacks:
- High finance charges on revolving credit.
Similar Cards to YES RESERVE Credit Card
| Credit Card | Annual Fee | Lounge Access | Reward Rate | Reward Value | Special Benefits |
|---|---|---|---|---|---|
| HDFC Diners Club Black | ₹10,000 + GST | Unlimited lounge access | 10x points on select categories | 1 point equals ₹0.50 | Exceptional reward rates, golf benefits |
| SBI Card ELITE | ₹4,999 + GST | 6 domestic and 2 international p.a. | 2 reward points for every ₹100 spent | 1 point equals ₹0.25 | Complimentary movie tickets, club memberships |
| Axis Bank Magnus Credit Card | ₹10,000 + GST | Unlimited domestic and international | 12 EDGE reward points for every ₹200 spent | 1 EDGE reward point equals ₹0.20 | Travel vouchers, dining discounts |
| Standard Chartered Ultimate Card | ₹5,000 + GST | Unlimited lounge access | 5 reward points for every ₹150 spent | 1 point equals ₹0.25 | Complimentary golf, concierge services |
Comparison
- HDFC Diners Club Black offers exceptional reward rates and unlimited lounge access, making it a strong contender for international travelers.
- SBI Card ELITE provides good rewards on dining and entertainment with a more affordable annual fee, suitable for lifestyle benefits.
- Axis Bank Magnus Credit Card offers higher reward rates and extensive travel benefits with a more affordable annual fee.
- Standard Chartered Ultimate Card offers a balance of travel and lifestyle benefits with unlimited lounge access.
Relevant Links
To help our readers navigate our website and find additional relevant content, here are some internal links you might find useful:
For more detailed 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 RESERVE Credit Card? A: The annual fee for the YES RESERV Credit Card is ₹10,000 + GST, which can be waived on spending ₹15 lakh annually.
Q: How can I earn reward points with the YES RESERVE Credit Card? A: You can earn 12 reward points for every ₹200 spent on travel and dining, and 6 reward points for every ₹200 spent on other categories.
Q: Does the YES RESERVE Credit Card offer lounge access? A: Yes, the card offers unlimited complimentary access to both domestic and international airport lounges through the Priority Pass program.
Q: What is the forex markup fee for international transactions? A: The forex markup fee for international transactions is 1.75%.
Q: Are there any milestone benefits with the YES RESERVE Credit Card? A: Yes, you can earn 25,000 bonus reward points upon spending ₹20 lakh annually.
Q: How do I apply for the YES RESERVE Credit Card? A: You can apply for the YES RESERV Credit Card online through the YES Bank website or offline by visiting the nearest YES Bank branch.
