YES BANK ACE Credit Card
Financial Expert Advice
Choose Your First (or Next) Credit Card Wisely
"Limit yourself to holding two credit cards A/C—one for daily expenses and auto-debits, and another reserved for emergencies.
Avoid chasing cashback, miles, rewards or Investments, as this can distract from sound financial management;
and lead to unnecessary debt. Focus on stability & discipline."
YES BANK ACE Credit Card Review:
Simple Rewards, Real Cashback, and Hassle-Free Everyday Value
Introduction
The YES BANK ACE Credit Card is a smart, rewards-focused solution designed for new-to-credit users and pragmatic spenders who want solid returns on both online and offline purchases. If earning straightforward reward points, maximizing cashback, and reducing fee costs are your priorities, ACE delivers excellent value for everyday spenders, first-time cardholders, and families. With fee-waiver thresholds that most can achieve easily, plus a clear rewards structure and safety net perks, it’s ideal for those seeking effective rewards without premium costs or excess complexity.
Key Features and Benefits
Reward Points Program
8 YES Rewardz Points per ₹200 on online shopping (excluding select categories).
4 YES Rewardz Points per ₹200 on offline shopping.
2 YES Rewardz Points per ₹200 on other spends.
Insurance Coverage
- Credit Shield cover of 1 Lac.
- Lost Card liability cover of 1.3 Lac.
Purchase Protection
- Insurance cover of upto INR 50,000 against accidental damage for 6 months for mobile & electronic purchased online.
Instant EMI Facility
- Convert spends ₹2,500+ into EMIs online; interest rates start from 12–15% p.a., no documentation needed.
Fees & Charges
| Fee Type | Details | Waiver / Cap |
|---|---|---|
| First Year Membership Fee | ₹499 | Reversed on spends of ₹5,000 within 1 month of card setup |
| Renewal Membership Fee | ₹499 | Reversed on spends of ₹50,000 in the 12 months prior to renewal |
| Interest Rate | 3.99% per month (47.88% annually) on Overdue Amount, 2.49% per month against Fixed Deposit | — |
| Rental Transactions | Max 5 per 30 days | - ₹1 or 1% (whichever is higher) for transactions ≤ ₹1,000 - ₹199 or 1% (whichever is higher) for transactions > ₹1,000 |
| Wallet Transactions | 1% of transaction value or ₹1 (whichever is higher) | — |
| Utility Charges | 1% + GST on monthly utility spends above ₹15,000 | Fee capped at ₹3,000/month |
| Education Fee Payment Charges | 1% + GST on education spends via third-party apps. | Fee capped at ₹5,000/month |
| Fuel Transaction Charges | 1% + GST on fuel transactions above ₹10,000 | Fee capped at ₹5,000/month |
| Tolls/Bridges Transaction Charges | 1% + GST on transactions above ₹10,000 | Fee capped at ₹5,000/transaction |
Struggling to keep up with mounting credit card bills?
Card Essentials
| Type | Reward Points |
| Welcome Benefits | n/a |
| Annual Fee | ₹499 + GST |
| Reward Structure | Rewards on Eligible SPENDS |
| Renewal Benefit | Spend ₹50,000 annually, get your renewal fee waived. |
Rewards and Benefits Analysis
Who Benefits Most?
Online shoppers who want 1% back (8 points per ₹200) on every transaction.
Everyday offline spenders – 0.5% value (4 points per ₹200).
Users willing to leverage subscription plans for up to 3X–5X elevated rewards (annual fee: ₹1,000–₹2,000; cap applies).
Limitations:
Rewards exclude EMI, fuel, wallet/rent payments.
Monthly cap of 5,000 RP on online shopping, plus category/subscription cap for bonus points.
Points typically worth ₹0.25 each; redemption fee may apply.
Practical Considerations
Fees & Charges
Interest rate: 3.80–3.99%/month on carried balance, standard for market.
Cash withdrawal: 2.5% or min ₹500.
Forex markup: 3.40% on international spends.
Utility bills >₹15,000/month: 1% fee (max ₹3,000/month).
Wallet/rent/education payments (limits apply): 1% fee.
Redemption fee (₹100/request) for gift vouchers; not for statement credit.
Eligibility
Age: 21–60 years.
Net monthly income: ₹25,000 (or ₹7.5 lakh annual ITR for self-employed).
Available for new cardholders and as a secured card against FD.
Digital KYC: Aadhaar, PAN, income proof.
Usage Tips
Spend ₹5,000 within 30 days to avoid joining fee; ₹50,000 per year for annual waiver.
Apply through YES Bank; digital onboarding is quick.
Track reward caps and bonus eligibility; switch to subscription plan if spends are high in dining, travel, or fashion.
Redemption Options
YES Rewardz Portal
Redeem points for travel, air miles (10 RP = 1 InterMile/Vistara), bill credit, e-vouchers, merchandise.
Value ~₹0.25/point; bonus for air mile/partner vouchers during flash sales.
Best Practice
Statement credit for instant value, air mile conversion for frequent flyers.
Redeem regularly; points are valid for 36 months.
Ideal User Profile
New-to-credit individuals: Fast approval, first-card perks, fee waivers easy to achieve.
Regular online shoppers: 1% back on all purchases.
Practical families: Use for groceries, small bills, school fees, and utility payments.
Cost-aware users: Avoid fees by tracking monthly/annual spend; leverage fuel and EMI options.
Final Thoughts
Strengths
Solid rewards rate (1% online, 0.5% offline), simple redemption, and easy fee waiver for moderate spenders.
Bonus points for high spends, billers, and subscription options to boost reward rate if needed.
Good safety with purchase protection and insurance perks.
Contactless, secure, and EMIs for larger spends; fuel savings built in.
Limitations
No travel/lifestyle privileges or lounge access.
Lower reward vs cashback cards; points worth ₹0.25 each without upsell partner.
Redemption for vouchers incurs a fee; statement credit recommended.
Caps on online rewards/subscription bonuses.
Additional Tips for Applicants
Docs Needed: Salary slip or ITR evidence, PAN/Aadhaar.
Apply Online: YES Bank portal, digital process for fastest approval.
Pay Full Bills: Avoid interest charges by paying in full monthly.
Track Fees: Prevent accidental charges by watching wallet/rent/utilities above limits.
Upgrade Option: Heavy spenders can switch to subscription plans for higher returns in preferred categories.
For a hassle-free card with transparent rewards and no-nonsense perks, YES BANK ACE Credit Card is one of India’s best entry-level picks in 2025.
This review offers a clear and balanced overview of the YES BANK ACE Credit Card’s strengths and limitations, helping readers make an informed choice about whether this card fits their
Spending Habits And Financial Goals.
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