Verified Jun 2026·By Arun, Personal Finance Editor·Cross-checked against issuer MITC & RBI sources·How we research
YES Bank ACE Credit Card Review
Online-shopper reward card from YES Bank — formerly known as YES PROSPERITY REWARDS PLUS. First-year fee waivable on ₹5K spend; up to 4% effective on online shopping. Verified against the official YES Bank ACE product page (Apr 2026).
₹499 + GST joining4 RP/₹100 onlineSpend-based fee waiverMastercard / Visa / RuPay virtual
Joining fee
₹499 (reversed on ₹5K spend in 1 month)
Renewal fee
₹499 (reversed on ₹50K annual spend)
Online RP rate
8 RP per ₹200 (4 RP / ₹100)
Offline RP rate
4 RP per ₹200 (2 RP / ₹100)
Network
Mastercard / Visa (RuPay virtual add-on)
Income eligibility
₹25K/month salary OR ITR ₹7.5L+
Quick take
The YES Bank ACE Credit Card targets young online shoppers with a fee-waivable structure and category-skewed rewards. The first-year fee is reversed on just ₹5,000 of spend within the first month. And renewal is reversed on ₹50,000 annual spend. Comfortably within reach for a typical user. Online shopping earns the headline 8 RP per ₹200. Offline drops to half that. And several large categories (rent, wallet, fuel, UPI, government, ads, EMI, cash) earn nothing. Worth comparing against IDFC FIRST Classic / SBI SimplyCLICK / HDFC MoneyBack+ before applying — they cover overlapping use cases at similar fees.
Fees & charges
| Head | Detail |
|---|---|
| First-year membership fee | ₹499 + GST — reversed on ₹5,000 of spends within 1 month of card setup |
| Renewal fee (year 2 onward) | ₹499 + GST — reversed on ₹50,000 of spends in the 12 months prior to renewal |
| Finance charge (revolving) | 3.99% per month (~47.88% APR) on overdue amount |
| Cash advance interest | 2.49% per month on cash withdrawals |
| Forex markup | Refer MITC (typically 3.5% on YES Bank consumer cards — verify in current MITC) |
| Add-on / virtual RuPay | RuPay virtual card available as add-on for existing Mastercard/Visa holders |
Rewards structure
| Spend type | YES Rewardz Points | Headline rate |
|---|---|---|
| Online shopping (excluding select categories) | 8 RP per ₹200 | 4 RP / ₹100 |
| Offline shopping (excluding select categories) | 4 RP per ₹200 | 2 RP / ₹100 |
| Select categories (refer MITC) | 2 RP per ₹200 | 1 RP / ₹100 |
| Rent, wallet, fuel, UPI, government, ads, EMI, cash withdrawals | No reward points | 0 |
Reward point value: YES Rewardz Points are redeemable on the YES Rewardz portal against vouchers, statement credit and merchandise. Effective rupee value typically lands in the ₹0.20–₹0.25 per RP range depending on redemption mode — confirm the current value before applying. Points have an expiry; check the latest rewards T&C.
Other benefits
- Fuel surcharge waiver at fuel stations across India (refer MITC for transaction band and monthly cap)
- Buy 1 Get 1 on coffee at participating mall outlets
- Instant EMI on transactions ₹1,500 and above
- Post-purchase EMI conversion via call
- Quick Loan facility within card limit
- YES PayNow autopay and e-mandate for recurring bills
Eligibility
- Age: 21 to 60 years
- Salaried or self-employed
- Minimum net salary ₹25,000/month OR Income Tax Return of ₹7.5 lakh and above
- Not eligible if you already hold any other YES Bank credit card
- Existing YES Bank Mastercard/Visa cardholders can apply for the RuPay virtual variant separately
Compared with alternatives at similar fee tier
| Card | Joining | Online rate | Notable |
|---|---|---|---|
| YES Bank ACE | ₹499 (waivable) | 4 RP / ₹100 | Wide exclusion list |
| SBI SimplyCLICK | ₹499 (waivable) | 10X on partners | Stronger online accelerator on key partners |
| HDFC MoneyBack+ | ₹500 | 10X CashPoints (capped) | Transparent CashPoint value |
| IDFC FIRST Classic | LTF | 3X up to ₹20K, 10X above | No annual fee; non-rewards-rate-driven |
What we like
- First-year fee reversed at just ₹5K spend — almost everyone clears that
- Renewal fee waiver at ₹50K/year is achievable for typical users
- Reasonable 4 RP/₹100 rate on online shopping
- Multiple network options including a RuPay virtual add-on
Where it falls short
- Wide exclusion list (rent, wallet, fuel, UPI, government, ads, EMI, cash) caps real-world utility
- YES Rewardz Points value is modest (~₹0.20–₹0.25/RP) compared with cashback cards
- Highest-tier APR on YES cards is steep (3.99%/month) — keep balance paid in full
- Existing YES cardholders can’t add this — it’s a single-card relationship
- Brand reposition: card was previously sold as “YES PROSPERITY REWARDS PLUS”; older comparison articles online may quote the old name and slightly different terms
Always verify with the official MITC. YES Bank has revised its card portfolio multiple times in recent years. The fee waiver thresholds and select-category exclusions on this card are stated on the issuer page, but always cross-check the latest MITC PDF before applying — link is on the issuer’s ACE Credit Card page.