Yes Bank has expanded its premium Credit card portfolio by launching a new credit card Yes Bank Marquee Credit Card. This is a premium credit card and offers a wide range of attractive benefits and features including unlimited International Airport Lounge access, golf games, and dining benefits with a good reward structure.
The credit card comes with a joining fee of Rs. 9,999 plus taxes and offers a range of premium benefits. Cardholders get accelerated reward points on online shopping with 36 Reward points for every Rs. 200 and 18 reward points on offline spending for every Rs. 200 rupees.
The card offers contactless Payment Technology, movie ticket offers from BookMyShow, complementary domestic and international airport Lounge access, and golf games to ensure Lifestyle benefits. The cardholder also earns 60,000 Rewardz points as a welcome benefit.
The card can be a great choice if you are looking for a premium credit card with luxury lifestyle benefits. So, let’s know all the benefits and features of the Yes Marquee Credit Card in this article.
Yes Bank Marquee Credit Card Highlights
| Joining Fee | INR 9,999 + Applicable Taxes |
| Annual Fee | INR 4,999 + Applicable Taxes |
| Interest Rate | 2.99% per month (35.88% per year) |
| Welcome Benefits | Get an Amazon voucher of Rs. 500 on spending rupees within 30 days of credit card issuance. Get 60,000 Yes Reward points as a welcome bonus. |
| Reward Rate | – 36 Reward Points on online shopping for every Rs. 200 spent – 18 Reward Points on offline shopping for every Rs. 200 spent |
- Card Name: LIC Select Credit Card
- Issuer: Yes Bank
- Joining Fee: INR 9,999 + Applicable Taxes
- Best For: Travel
Yes Bank Marquee Credit Card Benefits & Features
As we discussed earlier, this Yes Bank credit card comes with a variety of premium benefits like complimentary airport ground access reward points, purchase protection, and golf games. So let’s discuss all its benefits and features and detail.
1. Welcome Benefits
2. Rewards Points Benefits
| Spend Category | Yes Rewardz |
|---|---|
| Online Shopping | 36 Reward Points/Rs. 200 |
| Offline spends | 18 Reward Points/Rs. 200 |
| Selected Categories* | 10 Rewardz Points/Rs. 200 |
Note:
- Selected Categories: Rental Payments, Wallet Loading, Recharge and utility Bill Payments, Insurance, Education, and Government payments.
- You get no reward points for fuel transactions, cash withdrawals, and transactions converted into EMIS.
- The reward points will expire within 36 months from the date of earning.
- 1 Reward Points = upto Rs 0.25
- Air Miles: 10 YES Rewardz Points= 1 InterMile / 1 Club Vistara Point
3. Travel Benefits
4. Movie Benefits
5. Golf Benefits
6. Dining Benefit
7. Renewal Benefit
8. Fuel Surcharge Waiver
9. Insurance Benefits
| Covered Category | Sum Assured |
|---|---|
| Credit Shield cover | Rs. 3 lakh |
| Credit Shield cover | Rs. 3 lakh |
10. Other Benefits
Yes Marquee Credit Card Design, Mobile Application, and Customer Care Service
Let’s talk about the credit card design, mobile application, and customer care service:
1. Card Design
2. Mobile Application
The Yes Bank mobile application “Yes Mobile” is a feature-rich app that offers 100 + functionalities for you. You can perform the following tasks with the Yes Bank mobile application:
- Account Information
- Bill Pay
- IMPS
- YES Bank Balance Enquiry
- BHIM UPI
- FD & RD
- Fund Transfer
- Bharat QR
- Statement
- Debit Card Services
- Credit Card Services
- Register complaints and suggestions
- Manage Transaction Limits
- Recharge DTH and mobile
- Check EMI and loan eligibility
3. Customer Care Service
Yes Marquee Credit Card Charges & Fee
| Joining Fee | INR 9,999 + Applicable Taxes |
| Annual Fee | INR 4,999 + Applicable Taxes |
| Interest Rate | 2.99% per month (35.88% per year) |
| Add-on Card Fee | Nil |
| Cash Advance Charges | 2.5% of the amount withdrawn or ₹300, whichever is higher |
| Forex Markup Fee | 1% of the transaction amount |
| Late Payment Charges | Rs. 101 – Rs. 500 – Rs. 100 R s. 501-Rs. 5000 – Rs. 500 Rs. 5001 – Rs. 20,000 – Rs. 750 Rs. 20,000 – Rs. 25,000 – Rs.750 Rs. 25,000 – Rs. 50,000 – Rs. 1100 Over Rs. 50,000 – Rs. 1200 |
Yes Bank Marquee Credit Card Eligibility Criteria & Documents Required
Eligibility Criteria
If you are planning to apply for this credit card, then you should fulfill the following eligibility criteria:
Documents Required
| Identity Proof | Address Proof | Income Proof |
|---|---|---|
| – Aadhar Card – PAN Card – Driving License – Passport | – Aadhar Card – Passport – Voter ID Card – Driving License – Electricity Bill | – 3 months salary slip – 6-month bank statement – ITR return copy – Form 16 |
Yes Marquee Credit Card Apply Online
You can apply for this credit card offline and online. To apply offline, you have to visit your nearest branch of the bank, and if you want to apply online. Just follow the below steps:
- Click on the above “Apply Now” button.
- You will be redirected to the Yes Bank official website.
- Click on the “Apply Button.”
- Enter the basic details in the application form.
- Then upload all your necessary documents.
- Complete your instant video KYC (if required).
- Submit the application form.
- Now your application is successfully submitted.
Yes Bank Marquee Credit Card Pros & Cons
Pros
Cons
Conclusion
The new Yes Bank Marquee Credit Card is a great offering from the bank as it offers premium and lifestyle benefits on travel, online shopping, and entertainment. Although the fees could be higher for some, the benefits make it a good choice for those who can maximize its benefits.
The unlimited international airport lounge access and a 1% foreign transaction fee are the main highlights of this credit card. Consider your needs and spending habits before applying for a credit card. The card offers many great benefits to frequent travelers. If you travel frequently, then you should apply for this credit card.
FAQs:
What is the joining fee of the Yes Marquee Credit Card?
The joining fee of the Yes Marquee Credit Card is Rs. 9,999 plus taxes.
What is the reward rate of the Yes Bank Marquee Credit Card?
The credit card offers 36 rewards on online shopping for every 200 spent and 18 rewards points on offline shopping for every 200 spent.
What is the value of 1 reward point of the Yes Bank Marquee Credit Card?
The value of 1 reward point is 0.25.
What are the travel benefits of Yes Bank Marquee Credit Card?
The credit card offers good travel benefits with 24 domestic airport lounge access and unlimited international lounge benefits.
This post first appeared on Loan Mafiya No.1 Finance Blog Of India, please read the originial post: here
