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Updated Oct 2026·By Arun, Chartered Accountant·3 min read·Cross-checked vs issuer MITC & RBI·How we research
Verified October 2026 against the issuer’s current product page, terms and notices: YES Bank ACE (formerly Prosperity Rewards Plus) costs ₹499 + GST a year; the first-year fee is waived on ₹5,000 spend within 30 days and renewal on ₹50,000 spend in the card year. It earns YES Rewardz points valid for 3 years, with a ₹100 + GST fee per redemption. Utility points are capped at 150 a cycle and utility bills above ₹25,000 a month carry a 1% fee. Fuel surcharge waiver on ₹500–₹3,000 transactions, up to ₹100 per cycle. No lounge access. Forex markup 3.5%; interest 3.99% a month.
Verified against YES Bank (October 2026): Entry-level rewards card. 4X rewards (8 points per ₹200) on online shopping; 2 points per ₹200 on select merchants and other offline spends; up to 5X via subscription plans. 1% fuel surcharge waiver (₹500–₹3,000 transactions; up to ₹100 per statement cycle). Purchase protection up to ₹50,000 (6 months) on online electronics. Joining fee reversed on ₹5,000 spend in 1 month; annual fee reversed on ₹50,000 annual spend. Confirm terms on yes.bank.in before applying.
YES Bank ACE Credit Card Review
YES Bank · Entry-level rewards · Visa / Mastercard
Our score: 6.5 / 10
4X on online (8/₹200)
Fees easily reversed
Purchase protection
The YES Bank ACE is an entry-level rewards card aimed at everyday and online spenders, with fees that reverse on modest use. It’s a sensible starter card rather than a high-rate earner. Here is the verified review.
TL;DR: An entry-level card earning 4X rewards (8 points per ₹200) on online shopping and 2 points per ₹200 on other offline/select spends, with up to 5X via subscription plans, a fuel surcharge waiver and purchase protection. Both joining and annual fees reverse on small spends (₹5,000/₹50,000). Good as a first or secondary card for online buyers; rewards are modest beyond online.
What we like
4X rewards on online shopping (8 points per ₹200)
Up to 5X via subscription plans
Joining & annual fees reversed on small spends
1% fuel surcharge waiver
Purchase protection on online electronics
Watch out for
Only 2 points/₹200 on non-online spends
Entry-level rewards overall
No lounge access
Reward value depends on redemption
Fuel waiver capped at ₹100 per statement cycle
Fees & rewards
Item
Detail
Joining fee
₹499 + GST; reversed on ₹5,000 spend within 30 days
Annual fee
₹499 + GST; reversed on ₹50,000 spend in the card anniversary year
Online shopping
4X rewards (8 points per ₹200)
Other/select spends
2 points per ₹200 (up to 5X via subscription plans)
Fuel surcharge waiver
1% (₹500–₹3,000, up to ₹100 per statement cycle)
Purchase protection
Up to ₹50,000 (6 months, online electronics)
Eligibility & documents
Age
21 to 60 years
Income
Per YES Bank norms
Recommended CIBIL
~720+
Network
Visa / Mastercard
Best for
First-time / online shoppers
Documents
PAN, Aadhaar, income & address proof
Who this card is for
Best fit: first-time users and online shoppers who want a low-cost rewards card.
Skip if: you want lounge access or high flat-rate rewards.
How to apply & how to cancel
Apply: via yes.bank.in. Cancel: call YES Bank customer care after clearing dues; redeem points first.
Final verdict
The YES Bank ACE is a tidy entry-level card — 4X on online spends, purchase protection and fees that reverse on light use make it a low-risk first or secondary card. Beyond online the rewards are modest, so pair it with a stronger everyday earner.
Frequently asked questions
How many points on online spends?
4X rewards — 8 points per ₹200 on online shopping; 2 points per ₹200 on other spends (up to 5X via subscription plans).
Can the fees be waived?
Yes — the joining fee reverses on ₹5,000 spend in a month, and the annual fee on ₹50,000 annual spend.
Does it offer purchase protection?
Yes — up to ₹50,000 cover (6 months) on electronics bought online.
Is there lounge access?
No — it’s an entry-level card without complimentary lounge access.
Data current as of October 2026, cross-checked against YES Bank official information. Confirm current terms on yes.bank.in before applying.
Opens YES Bank’s official website. Check current fees & eligibility before applying.
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ArunChartered Accountant
Arun is a Chartered Accountant with 14 years in finance leadership. He writes and maintains every review and calculator on CreditSmart, cross-checking each figure against issuer MITC documents, RBI notifications and official rate sheets before publication. He accepts no commissions or payments from card issuers.
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