Are Yes Bank Credit Cards worth holding and beyond?

Yes Bank Credit cards used to be one of the most rewarding credit cards in the Industry when they were initially launched. They used to have mind blowing offers just like this one where they used to give upto 

100,000 bonos ponit based on spendsThose offers were huge by then, with return on spend exceeding even the major players like HDFC. Not just the rewards, even then presentation/box of their premium cards (as you see above) like Yes First Exclusive are some of the best in the industry.

But things started going opposite turn since past 2 years and it seems other complications with YesBank added fuel to the flame, making it even worse. Initially the offers stopped, then came series of devaluations.

June Devaluation

The latest devaluation that affects the reward rate on select categories and lounge access limits are going LIVE by 15th June Here’s a quick look on what’s changing:

  1. Domestic Lounge Access: is now limited to 3/card per quarter for primary & Add-on Exclusive card  and limited to only primary card on prefered card .
  2. Reward rate: drops to 0.75% on YFE & 0.5% on YFP (on these categories)

And you may also “assume” that International lounge access will be limited by mid-2022 or so, as soon foreign travel begins.

This is very much expected, as anyway unlimited lounge access on a free card is not something that can last forever. If you’re aware of the truth about lifetime free credit cards , you wouldn’t be surprised.

Lucrative EMI offers

So these all changes likely raises the question about taking Yesbank cards going forward. Speaking about which, I would say, they’re still useful for two things:

  • Loan on Credit card @ 9.9% p.a
  • EMI @ 9.9% p.a.

That’s right, Yesbank is one of the very few credit card issuers with such low interest rates on above services.

That alone makes it worthy to hold, for those who need such benefits. Especially the loan on credit card with such interest rates are very rare in the industry.

Yes Bank loan on credit card offer
Yes Bank’s Loan on credit card offer

However, note that above are not standard offers with YesBank credit cards and another issue is that most Yes bank cardholders have relatively low credit limit, so making use of such offers is another challange.

Final Thoughts

While I do not recommend Yes Bank credit cards for anyone as a primary card for rewards, its still worth holding if you’re looking for the EMI/loan offers.

So you may gladly take it if you’re given as LTF, else better to ignore. There are so many other credit cards in the country to choose from. The list is here, just incase if you’re confused: best credit cards.

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