Yes Prosperity Edge Credit Card

YES Prosperity Edge Credit Card features a host of benefits that create value on every penny spent on the card. Designed to provide maximum benefits on most aspects of our everyday life such as retail spends, travel, online shopping, fuel purchases and others, the Prosperity Edge card is a must-have for frequent shoppers. Let’s explore the features of the card in details along with the process to apply for it online.

Benefits of YES Prosperity Edge Credit Card

YES Prosperity Edge Credit Card comes with a host of unique advantages. These include -

Welcome reward points

Within the first 30 days of card issuance, if customers spend Rs.7,500 on retail purchases, they will receive 1,500 reward points.

Annual bonus reward points

In one anniversary year (12 months from when the card was set up or on the renewal date), if cardholders spend Rs.6 lakh or more, they will receive 15,000 reward points equal to Rs.3,750. These points can be exchanged for exciting gifts and offers.

Accelerated rewards

Cardholders are eligible to enjoy accelerated reward points on their birthdays and on certain online and international purchases, charged to their YES Prosperity Edge Credit Card.

Exciting Edge reward points program

• For every Rs.100 that the cardholder spends on retail purchases during their birthday month, they will receive 6 reward points.
• For each Rs.100 spent on international purchases (ECOM and POS), customers receive 5 reward points.
• On each Rs.100 spent on other retail purchases, cardholders receive 3 reward points.
• Customers can also procure 500 reward points on every YES PayNow registration.
• And guess what, the accrued reward points never expire.

Edge Reward Point Redemption

Customers can exchange their reward points for a number of exciting gifts and services.

• Customers can visit the dedicated website to redeem their reward points for hotel or movie or flight ticket bookings. One reward point equals Rs.0.25.
• Cardholders can choose from an exhaustive collection of products, in order to redeem their reward points.
• Reward Points can be redeemed against JPMiles as well wherein 1 JPMile is equal to 4 reward points.

Preferential rate of interest and foreign mark-up fee

• Cardholders can avail preferential foreign currency markup of 3%.
• Cardholders who have a savings account at YES Bank or a salary account can avail a rate of interest of 2.99% per month or 35.88% per year on revolving credit and cash advances.
• Cardholders who do not have a savings account at YES Bank or a salary account can avail a rate of interest of 3.22% per month or 38.64% per year on revolving credit and cash advances.

Lounge access and membership to Priority Pass Programme

• Cardholders can avail a membership for Priority Pass worth $99 at zero cost.
• Cardholders can access lounges for a fee of $27 per visit per person.
• It should be noted that the membership for a Priority Pass is available only for primary cardholders.

MasterCard lounge program

• Primary cardholders can avail access twice per quarter to over 30 lounges across airports in India at no additional fee.
• Customers must note that the list of lounges can be changed at any point of time by MasterCard at its discretion.

MasterCard World Golf Program

• Customers can avail a waiver of green fee at select golf courses in India.
• Cardholders can procure one free golf lesson each month at select golf courses in India.
• MasterCard Golf Concierge can be contacted for bookings.
• Customers must note that list of golf courses can be changed at any point of time by MasterCard at its discretion.

Insurance coverage

Customers can avail the following insurance covers on their YES Prosperity Edge Credit Card -

• Life insurance cover of Rs.50 lakh in case of death due to air accidents.
• Medical emergency cover of Rs.15 lakh while travelling abroad.
• Credit shield cover of Rs.2.5 lakh on primary cardholder’s accidental death.

Waiver on fuel surcharge

For transactions amounting to Rs.400 to Rs.5,000 charged on YES Prosperity Edge Credit Card, cardholders will get the fuel surcharge waived at fuel stations across the country. The amount for surcharge reversal is capped at Rs.250 per statement cycle.

Contactless card technology

The YES Prosperity Edge Credit Card is provided with contactless technology, ensuring quick, reliable and safe payments at retail stores. This card can be used for the purpose of making convenient payments.

MasterCard SecureCode

Customers can shop online without worrying about security thanks to MasterCard SecureCode. This is a 3D secure Password that can be created by the cardholder. This code is applicable only for retail transactions and on registration based on standing instruction.

Features of YES Prosperity Edge Credit Card

Instant EMI

Customers can pay for extravagant purchases made through their YES Prosperity Edge Credit Card by repaying the same through EMIs or equated monthly instalments. Cardholders who have earned reward points through their transactions can get them converted to EMIs. The main benefits of this option are -

• There is no need for documentation or processing fee.
• Repayment tenure ranges from 3 months to 24 months.
• Transactions as less as Rs.2,500 can be converted into EMIs.
• The rate of interest varies from 12% to 15% per year.

Loan on your credit card

Termed as ‘Quick Loan’ facility, YES Bank offers immediate funds to select credit cardholders. The loan amount will be within the credit limit of the card and the approved amount will be disbursed within 3 working days.

How to apply for YES Prosperity Edge Credit Card

If you wish to apply for Prosperity Edge Credit Card, you can contact YES Bank’s credit card customer care, check your eligibility to apply for the card and know the application process.

Alternatively, you can directly apply for the card online on Bank Bazaar website. Bank Bazaar is an authorised fintech company that has partnered with YES Bank to provide online application services for the customers. Interestingly, Bank Bazaar offers a unique paperless credit card approval process. Application, as well as documentation, will be done online and you don’t have to submit any hard copies of documents nor you need to visit any bank branches or executives.

To apply through Bankbazaar.com, visit the website, click on ‘Credit Cards’, filter the results to see only YES Bank credit card. Find YES Prosperity Edge Credit Card from the list and click on ‘Check Eligibility’ You will be asked a set of questions, based on which your eligibility to apply for the card will be determined. Once your profile is eligible to apply for the card, you will be redirected to the online application page, where you need to fill all the required details and upload the documents to apply for the card. You may receive an acknowledgement once your application is successfully submitted.

Fees And Charges Associated With Yes Prosperity Edge Credit Card

Eligibility for YES Prosperity Edge Credit Card

The eligibility criteria that customers have to meet prior to availing the YES Prosperity Edge Credit Card are as follows -

• Applicants have to be between the ages of 21 to 60 years.
• Applicants have to be either self-employed or salaried.
• For salaried applicants, the minimum annual salary should be 7.2 lakh and for self-employed, the income tax return should be Rs.7.2 lakh or more.

Documents required to apply for YES Prosperity Edge Credit Card

The following are the list of documents required to apply for YES Prosperity Edge Credit Card

• KYC documents such as PAN, address proof and ID proof
• Copy of salary slip or Form 16

The bank may ask you for other documents based on your eligibility for the card.

• Yes Prosperity CashBack Credit Card
• Yes Prosperity Rewards Credit Card
• Yes Prosperity CashBack Plus Credit Card
• Yes Bank Yes First Exclusive Credit Card