YES Bank ACE Credit Card

Here’s why this rewards credit card is an ideal pick:

YES Rewardz, YES Bank’s loyalty program where you can redeem the points you earn using the ACE Credit Card. Buy gifts, donate to charity, or book flights, buses, or hotels using your YES Rewardz Points. Here is an in-depth understanding of the same:

A. Reward Points 

• The YES Bank ACE Credit Card offers 8 rewards for every ₹200 you spend on certain categories online. 

 

Here is an example demonstrating this:

Disclaimer: The above example is for illustration purposes only. 

• You can also earn 4 reward points for every ₹200 spent using the card offline except for certain categories.

 

Here is an example:

Disclaimer: The above example is for illustration purposes only. 

• On certain transactions, like electricity/water bill payments and insurance premium payment, you can earn 2 reward points on every ₹200 you spend. 

 

Here is an example:

Disclaimer: The above example is for illustration purposes only. 

B. Redemption Process

The YES Rewardz portal makes redeeming the points you earn using your YES Bank ACE Credit Card easy. Enter the portal by entering your mobile number and adding the captcha code you receive. 

 

Once you select your card from the options you see, you can log in using your credit card account information. You can use the points to purchase gift vouchers to shop from a range of brands or to pay your credit card bill. 

 

You can also book hotels and flights or shop for merchandise from the catalogue. A rewards redemption fee of ₹100 is applicable as per specified terms and conditions. In case you are booking a flight, a convenience fee of ₹99 also applies. 

C. Expiration 

All the reward points you earn on your ACE Credit Card will expire 36 months after accrual. 

D: Example of Savings

The amount you save using reward points can be calculated based on the cash value, which differs with how you plan to redeem points. The value of 1 reward point is:

• ₹0.10 in air miles, statement credit, or e-gift vouchers

• ₹0.15 in catalogue purchases 

• ₹0.25 for booking flight tickets/hotels 

 

Using the illustrations above, here is a look at what your annual expenses and savings will look like: 

Disclaimer: The above example is for illustration purposes only. The actual rewards and savings may vary based on the policies of the issuer and on the timely payment of credit card dues. Please check with the card issuer before applying. 

 

Now, you have three options:

1. Redeem 10,350 points via the YES Rewardz portal as ₹1,035 in the form of air miles, e-vouchers, or to pay your bill

2. Redeem 10,350 points as ₹1,552.50 to purchase various products, such as accessories, homeware, electronics, and more

3. Redeem 10,350 points as ₹2,587.50 for flight tickets/stays

Here is a list of charges you can expect to incur while using this YES Bank card:

Note: A GST of 18% is applicable on the above-mentioned charges.

 

Disclaimer: These fees and charges are also subject to change at the discretion of the issuer. Before applying, check the issuer’s Most Important Terms and Conditions (MITC) document to verify.

You can also compare the benefits offered by YES Bank ACE Credit Card with the other from the same issuer.

Disclaimer: The benefits mentioned may change as per the policies of YES Bank. Check them before you apply for a specific card.

Reference of all T&C necessarily refers to the terms of the Partners as regards to pre-approved offers and loan processing time amongst other conditions.