Credit Card Reviews

Review Of The New YES Bank Prosperity Rewards Plus Card

Review Of The New YES Bank Prosperity Rewards Plus Card

Say YES To The Prosperity Rewards Plus Card

yes-prosperity-rewards-plat_mc-01YES Bank is the fifth biggest private sector bank in India. Recently, YES Bank launched a comprehensive assortment of different credit cards. Through this offering, YES Bank, which is the fastest growing bank in the country, can significantly enhance its retail banking business. Plus, through its credit cards, YES bank aims to offer competitive new cards to draw it’s customers away from rivals.

With a total of 7 credit card variants, YES Bank wants to cover all the different demographics of credit card offers. This includes cash back, rewards, and premium lifestyle propositions. All the seven credit cards are segmented across the flagship customer sections of YES Bank, including YES FIRST and YES Prosperity. These credit cards have been made keeping in mind the various needs of credit card users.

Since, this article is about the YES Bank Prosperity Rewards Plus Card, we will cover only this card here. If you want to know more about the other credit cards of YES Bank, you can check their individual reviews on our website.

Overview of the Yes Prosperity Rewards Plus Credit Card

  • This credit card offers accelerated rewards on dining out, cardholder’s birthday, and online and international purchases
  • It offers a sign up bonus of 1,250 reward points on spending Rs. 5,000 within 30 days of setting up your credit card account
  • Cardholders receive preferential interest rates on revolving credit

Benefits of the Yes Prosperity Rewards Plus Credit Card

1. Welcome rewards

You get a bonus of 1,250 bonus reward points, when you spend Rs. 5,000 on retail purchases within 30 days of opening your credit card account.

2. Yearly reward points

You get 12,000 reward points, when you spend Rs. 3.6 lakhs within an anniversary year, which is a duration of 12 months from the card issuance or renewal date.

3. Reward points program

  • Receive 5 reward points, when you spend Rs. 100 on retail purchases made on your birthday (MYDAY)
  • Earn 4 reward points, when you spend Rs. 100 on international purchases (ECOM and POS)
  • Get 3 reward points, when you spend Rs. 100 on online purchases and dining out
  • Receive 2 reward points, when you spend Rs. 100 on all retail purchases
  • Earn 100 reward points, when you make 4 transactions, each of Rs. 500 or more, within one statement cycle for the initial 6 statement cycles
  • Get 500 reward points on your every registration of YES PayNow
Apply For The YES Properity Rewards Card

Features of the Yes Prosperity Rewards Plus Credit Card

1. Redemption of reward points

  • There is a dedicated product catalogue to redeem your rewards
  • 4 reward points equal 1 JPMile

2. Fuel surcharge waiver

The fuel surcharge of card members is waved for transactions between Rs. 400 and Rs. 5,000 at all fuel stations in India.

3. Insurance coverage

There is a credit shield of Rs. 1 lakh on the accidental death of the primary cardholder.

4. MasterCard SecureCode

The MasterCard SecureCode secures online transactions of cardholders.

5. Membership fee reversal

  • The first year membership fees, which is of Rs. 350, is reversed, when you spend atleast Rs. 7,500 within 90 days of opening your credit card account
  • The renewal membership fees, which is of Rs. 350, is reversed, when you spend atleast Rs. 25,000 within 12 months before the renewal

Fees of the Yes Prosperity Rewards Plus Credit Card

  • Membership fees of first year: Rs. 350
  • Renewal fees: Rs. 350
  • Foreign currency markup: 3.4%
  • APR on revolving credit for people who have YES Bank savings or salary account: 28.80% per annum
  • APR on revolving credit for people who do not have YES Bank savings or salary account: 38.64% per annum

Verdict

The YES Bank Prosperity Rewards Plus Card is a great card for people who regularly dine out and shop online and internationally. Plus, it is also a great option for people who shop frequently at retail shops. The membership fee reversal is also a great feature of this credit card, which can save your membership fees every year. So, get this credit card today itself by applying for it here.

Viveka Rao

About Viveka Rao

Viveka Rao is post grad in finance and a freelance writer here at CreditSmart. A love for shopping and travel rewards has fueled her interest in personal credit, and making the most of rewards programs. She writes to educate other consumers in making great financial choices.

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