Yes Bank Rupay Credit Card: Complete Guide to Features & Benefits

Key Takeaways:
 

• This is the only credit card that directly connects with UPI, which means payments can be done quickly without needing a physical card or card number. It makes shopping, bill payments, and transfers easier and faster.
   
• It is a lifetime-free credit card. There are no joining or yearly charges, and no hidden fees, making it a cost-effective choice for regular users.
   
• Users can earn up to 4 reward points for every ₹200 spent, but only when the UPI transaction amount is above ₹2,000. These points can be collected and used later for discounts or rewards.
   
• The foreign currency mark-up fee is just 2.75%, which is lower than the usual 3.5%. This helps save money on international spending or while shopping on global websites.

BONUS: EARN UP TO 4 REWARD POINTS PER ₹200 ON UPI SPENDS ABOVE ₹2,000. HOWEVER, NO YES REWARDZ POINTS ARE GIVEN ON RENT, WALLET AND FUEL TRANSACTIONS, CASH WITHDRAWALS, EMI CONVERSIONS, OR RELATED CHARGES. THE CARD ALSO COMES WITH ZERO JOINING AND RENEWAL FEES.

A YES Bank RuPay Credit Card is a lifetime-free digital card that integrates with UPI, rewards spending, and ensures fintech-driven convenience.

Ravi, a 32-year-old IT consultant in Delhi, earns ₹1,00,000 every month. He spends ₹15,000 on groceries, ₹12,000 on dining, and ₹20,000 on UPI merchant payments. Using the YES Bank RuPay Credit Card, Ravi earns 4 reward points for every ₹200 on UPI transactions above ₹2,000. 

In one month, he collects 3,000 points, equal to ₹750 in value. Over 12 months, his savings add up to ₹9,000, without paying any joining or renewal fee. This shows how a single card helps users like Ravi save while enjoying the power of UPI payments.

This blog explains the YES Bank RuPay Credit Card in detail, covering highlights, benefits, rewards, charges, eligibility, and application process.

Key Highlights of YES Bank RuPay Credit Card

Before looking at the detailed features, it is useful to check the quick highlights of this card. These points give a snapshot of its cost, benefits, and unique features: 
 

This table shows that the YES Bank RuPay Credit Card is not only lifetime free but also designed for digital-first users with UPI integration.

Benefits of YES Bank RuPay Credit Card

Credit cards in India are shifting towards digital-first usage, and the YES Bank RuPay Credit Card is one of the leaders in this space. It combines UPI payments with reward earning, making it a unique choice.

Here are the main benefits of the YES Bank RuPay Credit Card:

• UPI Integration: Pay directly using UPI apps while using your credit line.
   
• Virtual-Only Card: No physical plastic, making it secure and eco-friendly.
   
• Lifetime-Free: No joining or renewal charges.
   
• Accelerated Rewards: More points on UPI transactions above ₹2,000.
   
• Global Usage: Accepted across merchants worldwide.

These benefits make the YES Bank RuPay Credit Card a strong choice for people who prefer digital banking and everyday savings.

Here are more benefits mentioned in terms of reward points and more: 
 

The table shows that the YES Bank RuPay Credit Card is cost-friendly and reward-rich, especially for UPI spends above ₹2,000.

YES Bank RuPay Credit Card Cashback & Rewards

Rewards play a vital role in making a credit card attractive. This card offers accelerated points on UPI, online, and shopping transactions.

For Example, Neha spends ₹10,000 on UPI, ₹8,000 on online shopping, and ₹5,000 on dining. She earns:

• UPI: 200 points
• Online: 80 points
• Dining: 50 points
  
  Total = 330 points = ₹82.5 in value per month, which means ₹990 per year.

Let’s see how monthly spending translates into rewards:
 

This table proves that frequent UPI and online users can save nearly ₹1,000 a year simply by using this card.

YES Bank RuPay Credit Card Fees & Other Charges

Even though the card is lifetime free, some charges may apply for forex spends, late payments, and special transactions.

Here are the common charges for the YES Bank RuPay Credit Card:
 

The charges are transparent, and compared to many cards in India, the YES Bank RuPay Credit Card has one of the lowest forex fees.

Late Payment Fee Applicable on YES Bank RuPay Credit Card

Late payment can increase the cost of holding a credit card. YES Bank has a clear structure for such cases.

For Example, Shweta had a bill of ₹15,000 but missed her due date. A late fee of ₹750 was charged, plus 3.99% monthly interest. This added nearly ₹1,350 extra cost in just one cycle.

• For unpaid amounts up to ₹5,000 is ₹250 late fee
   
• For unpaid amounts between ₹5,001 – ₹10,000 is ₹500 late fee
   
• For unpaid amounts above ₹10,000 is ₹750 late fee

This shows why it is important to pay bills on time, as late fees can add up and reduce the savings from rewards.

YES Bank RuPay Credit Card Pros & Cons

Every credit card has strengths and weaknesses. The YES Bank RuPay Credit Card is strong on UPI usage and rewards, but has a few gaps.

Here’s a comparison of the main pros and cons:
 

From the table, it is clear that the pros outweigh the cons, especially for people who use UPI daily.

Eligibility Criteria for YES Bank RuPay Credit Card

The card is offered only if certain rules are met. YES Bank sets these rules to ensure repayment and responsible usage.

The eligibility criteria differ for salaried and self-employed individuals:
 

This table shows that both salaried and self-employed applicants can apply, provided they meet the basic income and age criteria.

Required Documents to Apply for YES Bank RuPay Credit Card

A few key documents are needed to ensure identity, income proof, and compliance with regulations. The process is completely digital, but verification is still mandatory.

Here are the main documents required:

• Identity Proof: Aadhaar, Passport, or PAN card
   
• Address Proof: Aadhaar, Passport, or Voter ID
   
• Income Proof: Salary slips (3 months) or ITR statement
   
• Bank Statements: Last 6 months (in some cases)

The documentation is simple and follows standard banking practice, making the card accessible to a wide range of applicants.

How to Apply for a YES Bank RuPay Credit Card

YES Bank has made the process digital-first. Most users can apply through the mobile app or website without visiting a branch.

Follow these steps to apply:

1. Visit the YES Bank website or download the YES Mobile app.
    
2. Select “Apply for YES Bank RuPay Credit Card.”
    
3. Fill in personal and financial details.
    
4. Upload KYC documents (Aadhaar, PAN, income proof).
    
5. Complete digital verification.
    
6. Approval is given within 2–3 working days.

The entire process is digital and quick, with most applicants receiving their virtual card within 3 working days.

Conclusion

The YES Bank RuPay Credit Card is more than just a payment tool. It is a fintech innovation that allows people to use UPI with the flexibility of credit. With lifetime-free membership, accelerated rewards, and lower forex charges, it is highly suited for young professionals, freelancers, and anyone who prefers digital transactions.

By linking with UPI, the card blends India’s most popular payment method with credit convenience, creating a smooth, cashless experience. For anyone looking for a no-cost, reward-packed card, this is a strong option.

FAQ:

1. Can the Yes Bank RuPay Credit Card be used to set up auto-debit for UPI-based recurring payments?
Yes, the RuPay Credit Card can be linked with UPI apps like BHIM or Paytm to enable auto-debit for recurring payments such as OTT subscriptions, utility bills, and more, provided the merchant supports UPI-based credit card mandates.

2. Does the Yes Bank RuPay Credit Card offer benefits on government platforms like IRCTC or NPCI-linked services?
Yes, RuPay credit cards are accepted on various government portals, including IRCTC and NPCI-affiliated services, often providing offers such as discounted ticket booking charges or cashback during special campaigns.

3. Will reward points be earned if the Yes Bank RuPay Credit Card is used for UPI payments made via a third-party app like PhonePe?
Yes, reward points are applicable on eligible UPI spends made through third-party UPI apps, but only if the transaction meets the minimum spend condition and falls under rewardable merchant categories as defined by Yes Bank.

4. What are the transaction limits?
Generally, UPI allows up to ₹1,00,000 per day (₹2,00,000 for select categories), subject to your card limit.

5. Which UPI apps support YES Bank RuPay Credit Card?
Most major UPI apps support it, including BHIM, Google Pay, PhonePe, and Paytm.

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LoansJagat Team

‘Simplify Finance for Everyone.’ This is the common goal of our team, as we try to explain any topic with relatable examples. From personal to business finance, managing EMIs to becoming debt-free, we do extensive research on each and every parameter, so you don’t have to. Scroll up and have a look at what 15+ years of experience in the BFSI sector looks like.