YES Bank Credit Card Cash Withdrawal

For example, if your YES Bank credit card's total credit limit is Rs.50,000, the cash limit would be 20% to 30% of it, i.e., Rs.10,000 to Rs.15,000.

YES Bank offers a cash advance limit of 30% of the total credit limit on most of its credit cards. For accurate number, you can either check with the bank or your credit card statement.

YES Bank Credit Card Cash Withdrawal Fee

There are two things you need to know when you are using YES Bank's cash advance feature. The first thing, the facility is not offered for free and secondly, the withdrawn amount attracts finance charges in a way different from card transactions.

Here are some of the details about YES Bank credit card cash withdrawal fee:

1. Every time you withdraw cash using your YES Bank credit card, your account will be charged with a transaction fee otherwise called as cash advance fee.
2. YES Bank charges a cash advance fee of 2.5% of the withdrawn amount or Rs.500 whichever is higher.
3. The higher the amount you withdraw using your YES Bank credit card, the higher would be the cash advance fee.
4. Further, the fee is applicable for every cash withdrawal made on the card.
5. The fee also attracts a GST of 18% applicable on all credit card fees and charges.

YES Bank Credit Card Cash Advance Fees and Limit

The cash advance limit and fees for various YES Bank credit cards are given in the table below:

Reward Points on YES Bank Credit Card Cash Withdrawal Facility

Unlike card transactions, cash withdrawals using YES Bank credit card do not attract any reward points. No matter how much cash you withdraw, you will receive zero reward points for cash advances.

How to Withdraw Cash Using a YES Bank Credit Card?

Cash from YES Bank credit cards can be withdrawn from any of the ATM kiosks, not necessarily from YES Bank ATMs. The procedure is simple and is similar to withdrawing cash using a debit card. The following steps will help you withdraw cash using a YES Bank credit card at an ATM.

1. Visit YES Bank or any ATM
2. Insert your credit card, enter your PIN
3. Select your preferred language
4. From the options, select 'Cash withdrawal'
5. Enter the amount and press 'Confirm'

However, before withdrawing the cash make sure you have enough cash limit on your card. If you are not aware of the available cash, find the same in your net banking account linked to your credit card or call YES Bank credit card customer care centre.

Summary of YES Bank Credit Card Cash Advance Fees and Charges

A summary of all the charges applicable on YES Bank cash advance feature is provided below.

Pros and Cons of YES Bank Credit Card Cash Advance Facility

The advantages and disadvantages of using YES Bank's credit card cash advance facility are listed below.

Benefits of YES Bank credit card cash advance facility

1. Cardholders can withdraw liquid cash in times of cash crunch and when credit card payments are not allowed for a particular transaction.
2. No need to pay any fee if the facility is unused
3. No documentation required
4. No approval from the bank
5. No wait time. Instant money available 24x7
6. Cash can be withdrawn from any bank ATM located in and outside the country

Drawbacks of YES Bank cash advance facility

1. Attracts a cash advance fee for every withdrawal
2. Interest will be levied from the date of withdrawal till the amount is paid back in full
3. No interest-free period
4. Not eligible for reward points
5. May attract high-interest rate compared to regular card transactions
6. Low cash advance limit

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