Make the most of your everyday shopping and online buys by enjoying great perks like financial stability and waived fuel fees.

Keeping an eye on your spending can help you avoid those irritating annual fees. Just be careful with rental costs and don’t overload your wallet!

This card is perfect for both self-employed individuals and those with a steady salary. Its easy eligibility requirements make it accessible for anyone with a reliable income.

The YES Bank ACE Credit Card, previously known as the Prosperity Rewards Plus Credit Card, is designed for those who love a lifestyle filled with rewards. It offers extra points on various spending categories, helping urban consumers save more while enjoying their purchases.

Example:

Shikhar, a young professional, effectively accrues points on all of his transactions by using this card for both in-person and online dining.

Table:

The YES Bank ACE Credit Card has a great rewards program that gives you points for every spend. You can earn extra points in specific categories and enjoy some handy waivers too.

Here’s a quick peek at its key benefits:

Spending Category	Reward Points on ₹200 Spent	Additional Details
Online Spends	8	Base 4 pts + Additional 4 pts
Offline Spends	4	Base 4 pts
Govt., Utility, Rental & Insurance	2	Base 2 pts
Fuel Spends	-	The Fuel Surcharge Waiver is applicable

Using the Yes Bank ACE Credit Card for online purchases is a smart choice! Earn 4x more points than utility bill payments, and enjoy waived fuel surcharges when you fill up, saving you more money.

This blog helps you understand the Yes Bank ACE Credit Card, and the next topic is the YES Bank ACE Credit Card Lifestyle Benefits.

Features and Benefits of the Yes Bank Ace Credit Card

A flexible financial tool, the YES Bank ACE Credit Card is made to maximise rewards on regular purchases. It is perfect for the contemporary, multi-channel spender because it skilfully combines advantageous features like insurance coverage and fuel surcharge waivers with high reward rates on digital purchases.

Example:

Dev is a 30-year-old IT engineer who cleverly uses his card to manage expenses. He gets extra rewards from his online subscriptions, gadget buys, and bill payments. Plus, filling up his bike and shopping in-store adds to his savings and points. This card fits seamlessly into his lifestyle!

The YES Bank ACE Credit Card comes with a variety of impressive features, which are outlined in the table below:

Feature/Benefit Category	Specific Detail	Key Terms & Conditions
Reward Points on Spends	Online: 8 pts/₹200 Offline: 4 pts/₹200 Select Categories (Utility, etc.): 2 pts/₹200	Excludes specific spend categories, points accrued as per the YES Rewardz program.
Fuel Surcharge Waiver	1% waiver on fuel transactions across India.	Applicable on transactions between ₹400 and ₹5,000. Waiver is reversed if the fuel transaction is not repaid in full.
Foreign Currency Markup	Preferential rate of 2.75% on international transactions.	Standard markup rates are typically higher; this offers significant savings on foreign spends.
Insurance Cover	Credit Shield Cover: ₹1,00,000 (accidental death) Lost Card Liability Cover: ₹1,30,000	Subject to policy terms and conditions.
Fee Waiver Offer	First-Year Fee Waiver: On spending ₹5,000 within the first 30 days. Renewal Fee Waiver: On spending ₹50,000 in the anniversary year.	The fee is reversed in the subsequent billing statement.
Reward Redemption	Points can be redeemed for a wide range of gifts, vouchers, or converted to air miles (10 YES Rewardz Points = 1 Club Vistara Point).	Redemption is done via the YES Rewardz catalogue.

This table shows that the card provides a potent combination of rewards, fee waivers, financial safety, and travel benefits.

What is the benefit for dev?

For a user like Dev, these features translate into tangible, everyday advantages:

Maximised Online Rewards: He loves shopping online at places like Amazon and enjoys streaming his favourite shows, which means he's racking up rewards at an incredible rate; it's like getting a 4% return on his spending!
Savings on Commuting: The fuel surcharge waiver for his weekly petrol fills means he can save some money, making his overall transportation costs a bit lighter!
Financial Security: The insurance offers a sense of security, ensuring that he and his family are safeguarded from any unexpected situations that might arise.
Annual Fee Waived: With his spending habits, reaching the ₹50,000 annual spend point is a breeze! This way, he can skip the renewal fee and enjoy the perks without any hassle.
Travel Benefits: As an occasional traveller, the ability to convert his reward points into Club Vistara air miles adds significant value for his vacations.

In conclusion, the YES Bank ACE Credit Card acts as a powerful ally for Dev, turning his routine expenses into savings, rewards, and security, thereby enhancing his financial efficiency.

Now, you know the features and benefits of the Yes Bank Ace credit card. Next, we will discuss the fees and charges.

Bonus Tip: Reward points are not earned on rent payments, wallet loads, fuel purchases, UPI transactions, cash withdrawals, or EMI conversions. There is also a cap of 5,000 reward points per statement cycle.

Fees & Charges of the YES Bank ACE Credit Card

The YES Bank ACE Credit Card is intended for frugal consumers who can use its reward system to cut expenses. Even though it has many advantages, it is essential to comprehend its fee schedule to use it efficiently and prevent unforeseen fees.

Example:

Meet Amber, a backend engineer at Google. With her high income and varied spending, she's an excellent fit for this card. If she keeps an eye on the fees, she can plan her spending wisely, like using other payment methods for big bills or school fees. This way, she can earn more rewards and save on costs.

The following table provides a clear breakdown of the key fees associated with the YES Bank ACE Credit Card:

Fee/Category	Charge Details	Threshold & Caps
Membership Fee	Joining: ₹499 (Reversed on spend of ₹5,000 in first 30 days) Renewal: ₹499 (Reversed on spend of ₹50,000 p.a.)	Threshold: ₹5,000 (joining), ₹50,000 (renewal)
Interest Rate (p.a.)	47.88% on overdue amounts	-
Rental Transactions	≤ ₹1,000: 1% or ₹1, whichever is higher > ₹1,000: 1% or ₹199, whichever is higher	Capped at three transactions per 30-day period
Wallet Loads	1% of transaction value or ₹1, whichever is higher	No threshold
Utility Payments	1% + GST on spends exceeding ₹15,000 in a month	Fee capped at ₹3,000 per month
Education Fees	1% + GST on transactions via third-party apps (e.g., CRED, PhonePe)	Fee capped at ₹5,000 per calendar month (Effective Oct 1, 2024)
Fuel Transactions	1% + GST on transactions exceeding ₹10,000	Fee capped at ₹5,000 per calendar month per customer (Effective Oct 1, 2024)

Staying within fee-waiver spending points and being mindful of categories like rentals, wallets, and high-value utility payments unlocks the card's actual value.

For a user like Amber, this knowledge is power:

She can easily avoid the membership fee by meeting the minimum spend requirements, which align with her natural spending.
She must pay her credit card bill in full every month to avoid the steep 47.88% annual interest rate on revolving credit.
To preserve her rewards, she would avoid using this card for loading digital wallets (e.g., Paytm) due to the associated fee.
For large utility, education, or fuel payments above the stated thresholds, she would be better off using a different payment method (like net banking or a card without these fees) to avoid the 1% charge, thus protecting her overall savings.

The YES Bank ACE Credit Card is an excellent option for people who spend wisely, just like Amber. If you're careful with your spending, you can avoid the potential costs that come with it.

Now, let's talk about who can apply for the YES Bank ACE Credit Card and what the eligibility criteria are.

Bonus Tip: You can use your points to enjoy a fantastic range of options! Whether you're looking for gift vouchers, cool merchandise, or even air miles (with 10 Reward Points converting to 1 Club Vistara Point), there’s something for everyone in the YES Rewardz catalogue. Happy redeeming!

YES Bank ACE Credit Card Eligibility

To ensure that applicants have a stable financial profile, the YES Bank ACE Credit Card has particular eligibility requirements. The first step to gaining access to the card's premium perks and rewards is fulfilling these requirements.

Example:

Take Mukesh, for example. He’s a successful YouTuber with a thriving channel and a steady income. However, being self-employed leaves him a bit confused about whether he can get a premium credit card. By figuring out the eligibility requirements, he can see where he stands and how to apply.

The key eligibility criteria for the YES Bank ACE Credit Card are succinctly summarised in the table below:

Eligibility Parameter	Required Detail
Age	Must be between 21 and 60 years of age.
Employment Type	Must be a salaried individual or self-employed.
Income Requirement	Salaried: Minimum net monthly salary of ₹25,000. Self-Employed: Minimum annual income of ₹7,50,000 as per ITR.

The table highlights the main requirements: you need to be in a particular age group, have a steady job, and earn above a minimum income level, either through your salary or documented self-employment.

For Mukesh, this breakdown is beneficial:

Age & Employment: As someone who falls within the right age range and works as a self-employed content creator, he meets the main requirements.
Income Proof: To apply, he needs to submit his Income Tax Return (ITR) that shows he earns ₹7,50,000 or more each year. This document will prove that he’s financially stable and can handle credit responsibly.

Getting the YES Bank ACE Credit Card is pretty simple. It's designed for young professionals and entrepreneurs who have a steady income. As long as you meet these requirements, like Mukesh, you can feel ready to apply for the card.

Now, let’s talk about the documents you’ll need to apply for the YES Bank ACE Credit Card.

Documents Required for YES Bank ACE Credit Card

To verify your identity, address, and income, you must submit certain documents when applying for the YES Bank ACE Credit Card. For all prospective cardholders, this procedure guarantees a seamless and trouble-free application process.

Example:

Pragati, a newly appointed assistant professor, is excited to apply for her first premium credit card. She has gathered her documents but wants to ensure she has everything correct to avoid any delays or rejection of her application.

The necessary documents for the application are categorized in the table below for clarity:

Document Category	Required Documents
Identity Proof	Passport, PAN Card, Aadhaar Card, or Driving Licence
Address Proof	Passport, Telephone Bill, Electricity Bill, or Ration Card
Income Proof	Recent Salary Slips (for salaried) or Income Tax Returns - ITR (for self-employed)
Other Documents	Duly-filled Application Form, Passport-size Photographs, and a copy of PAN Card or Form 60

To help applicants like Pragati get their paperwork in order and submit everything needed for a successful application, we've put together a handy checklist.

For Pragati, this means:

She can use her Aadhaar card as both identity and address proof, simplifying her documentation.
As a salaried professional, she needs to include her recent pay slips as proof of her income, demonstrating her financial stability to the bank.
She must ensure her application form is complete and accurate and that she has a passport-sized photograph ready.

Using this organised checklist will help Pragati navigate her application process smoothly and with less stress, boosting her chances of getting approved quickly.

The next topic is the conclusion of this blog about the YES Bank ACE Credit Card.

Conclusion

A strong financial partner for today's consumer is the YES Bank ACE Credit Card. In addition to providing valuable perks like insurance and fuel waivers, it expertly rewards regular purchases, particularly those made online.

You can realise its full potential and convert your daily expenses into worthwhile savings and benefits by being aware of its fees, eligibility requirements, and necessary documentation.

This card is definitely worth considering to improve your financial journey if your lifestyle involves a variety of multi-channel expenses.

FAQs

Is there a joining fee, and how can I get it waived?

Yes, the joining fee is ₹499. It is reversed if you spend ₹5,000 or more within the first 30 days of card setup.

How can I get the annual renewal fee waived?

The annual renewal fee of ₹499 is waived if you spend ₹50,000 or more in the previous anniversary year.

On which expenses do I NOT earn reward points?

You do not earn points on rent payments, wallet loads (like Paytm), fuel purchases, UPI transactions, cash advances, EMI conversions, and other specified exclusions.

Are there any charges for paying utility bills or education fees?

Just a reminder: Starting October 1, 2024, there will be a small fee of 1% plus GST on utility bill payments over ₹15,000 in a month, as well as on education fee payments made through third-party apps like CRED and PhonePe. Thanks for your understanding!