What you'll love
Fee details
Santa Claus comes around just once a year. In the meantime, there are Credit Cards.
The Yes Prosperity Rewards Credit Card is a value for money card which provides individuals an opportunity to earn rewards each time they use it. A simple application process, zero documentation, and a host of reward options make this a card suited for someone who likes being rewarded each step of the way.
Some of the benefits of this credit card are highlighted below:
Listed below are a few features which differentiate this card from the rest.
Individuals who wish to apply for this card are expected to satisfy a few basic eligibility criteria, as mentioned below:
Individuals need not worry about any documents, for Yes Bank has a zero documentation policy in place for this credit card.
| Fee Type | Amount |
|---|---|
| First year fee (membership) | Rs.250 |
| Renewal fee (membership) | Rs.250 |
Eligible individuals can apply for the Yes Prosperity Rewards Credit Card online, through the official website of the bank. They will need to fill in a few basic details, with bank representatives reaching out to them if they meet all their criteria.
The preferential interest rates are impacted by the relationship an individual has with Yes Bank. Cardholders who have a Salary/Savings Account with the bank are charged a lower rate on revolving credit compared to those who have no account with the bank.
The tenures range between 3 months and 2 years, with cardholders having the option to repay the amount in this time.
Yes, the annual fee can be waived, subject to a cardholder spending a certain amount. The fee for the first year is waived if one spends a minimum of Rs.5,000 in the first three months after getting the card, while the renewal fee can be waived if one spends Rs.15,000 in the preceding year.
Under this system, a cardholder can earn 10,000 reward points on the anniversary of the card, subject to him/her spending a sum of Rs.1.8 lakh in that year.
The reward points can be redeemed for products ranging from mobile phones, pen drives, headphones, gift cards, perfumes or air miles.
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