Yes Bank Credit Card Charges – Complete Fee & Penalty Guide

Key Insights 

• The joining fee varies by the card type provided by Yes Bank.
   
• Add-on cards and voluntary card closure are generally free.
   
• Annual fee ranges from ₹399 - ₹2,499, waived on meeting spend criteria.
   
• Interest on purchases is 3.8% - 3.99% per month, and cash advances are charged immediately.

Did you know that credit card transactions in India topped ₹2.5 lakh crore in a single month in 2024 as per the Reserve Bank of India? However, many users continue to pay avoidable charges each year just by failing to read the conditions of use. 

Credit cards provide convenience and rewards with the ability to swipe now, pay later, and take advantage of other benefits. There are numerous credit card options available from Yes Bank with a unique set of charges, including Premium, Co-branded, Rewards, and others. 

This blog will cover all of the charges associated with Yes Bank credit cards, including joining and annual fees, interest, cash withdrawals, late payments, overlimits, and other charges. 

Yes Bank Credit Card Joining & Annual Charges

There are charges associated with issuing and maintaining an active Yes Bank credit card. These vary greatly depending on the card level.

• Joining Fee: Varies by card type. Some cards offer zero joining fees.
   
• Annual Fee: Ranges from ₹499 to ₹2,499, depending on the card variant.
   
• Fee Waiver Conditions: Achieve specified annual spending limits to waive the annual fee.

Here is a comparison of the annual and joining fees for the various Yes Bank credit card options with the corresponding waiver terms:

A significant amount of the annual cost may be avoided if you choose a version that fits your spending.

Yes Bank Credit Card Interest Rate Charges

Interest is charged when you make cash advances or carry a credit balance past the due date. Yes Bank has some of the highest interest rates, particularly when it comes to premium and revolving credit.

• Retail Purchases:

Interest rates range from 3.8% to 3.99% per month, translating to approximately 45.6% to 47.88% per annum.

Retail purchases have an interest-free period of up to 50 days, provided the entire statement balance is paid by the deadline. Interest from the transaction date is applied if you carry forward any balance.

Yes Bank Credit Card Cash Withdrawal Charges

Withdrawing cash using your credit card is convenient, but also expensive. Yes Bank charges both a fee plus interest from the withdrawal date.

• Withdrawal fee: 

2.5% of the amount withdrawn or a minimum of ₹300, whichever is higher

Cash withdrawal interest is charged at the same rate as ongoing or past-due interest and begins immediately (no grace period)

Yes Bank Credit Card Late Payment Charges

Late payment fees are charged when the due date is missed or when the minimum amount owed is not paid. Yes Bank has a tiered structure that is determined by the size of the balance you have unpaid.

The structured slab of late payment fees that apply based on the balance owed on your YES Bank credit card is shown below:

Yes Bank additionally has a program in which certain card variants may be charged 10% of the unpaid balance or ₹1,350, whichever is less, if the total amount owed on each statement exceeds ₹500.

Yes Bank Credit Card Overlimit Charges

Yes Bank will charge an overlimit fee if you spend more than your allowed credit limit (due to interest or fees, or from pending or processing transactions)

• Overlimit Fee: 

If your spending exceeds the credit limit, a charge of 2.5% of the excess amount or a minimum of ₹500, whichever is higher, is applied.

Always maintain a buffer below your limit to prevent overlimit fees and potential transaction rejections.

Yes Bank Credit Card Other Fees & Charges

Yes Bank charges a few other service-related fees that cardholders should be aware of, other than the main fees:
 

• Replacement/Lost Card: ₹100 to ₹3,499, depending on the card variant.
   
• Hotlisting/Blocking the Card: ₹200
   
• Temporary Limit Enhancement (One-Time): ₹200
   
• Foreign Currency/International Transaction Mark-Up: ranges from 0% to 3.5%, depending on the card type.
   
• Balance Inquiry at Other Bank ATMs: ₹20
   
• Charge Slip/Transaction Copy Request: ₹200
   
• Duplicate Statement (Older than 3 Months): ₹50 per statement

Bonus Tip: Select a Yes Bank card with a lower foreign transaction markup if you frequently travel or make purchases overseas.  Even a 1% difference can add up to significant savings over time. 

Yes Bank Credit Card Charges FAQs

Are there charges for Yes Bank add-on credit cards?

No, add-on cards are typically free from Yes Bank, but the amount spent on them goes toward the limit of the primary card.

Is there a charge to cancel or close a card?

No charges will apply if you choose to voluntarily terminate your Yes Bank credit card account.

Do the listed charges include GST and other taxes?

No, 18% GST is applied over and above the mentioned fees, like late payment, interest, and cash advance charges.

Does Yes Bank charge penalties on transactions that are rejected because the credit limit is too low?

Continuous declines may have an impact on your internal credit behaviour score, but there is no penalty for a declined transaction.

Are there any extra charges for upgrading the Yes Bank Credit Card?

The annual fee structure of the new card applies, but upgrading to a higher-tier card is free.
 

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