YES BANK ELITE+ 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 ELITE+ Credit Card Review:
Premium Rewards & Global Travel Made Simple
Introduction
The YES BANK ELITE+ Credit Card stands out as a premium lifestyle and travel card in India, tailored for ambitious professionals and frequent travelers seeking exceptional rewards, exclusive perks, and seamless global payments. This card is best suited for users who want strong value-back from online shopping, dining, and travel, alongside instant discounts and real-world benefits like lounge access and insurance protection. It blends high reward rates with hassle-free redemptions and robust travel privileges, delivering a "one-card-for-everything" experience for users aiming to elevate both their spends and their lifestyle.
Key Features and Benefits
Accelerated Rewards Structure
12 Reward Points per ₹200 for online shopping and select e-commerce categories (₹0.25/point value; 1.5% real cashback).
6 Reward Points per ₹200 for offline spends (0.75% value-back).
4 Reward Points per ₹200 for utilities, insurance, education, rental, and government spends.
5X points on first biller registrations with YES PayNow, up to 5 billers.
12,000 RP cap per statement cycle.
Movie & Dining Discounts
25% instant discount at BookMyShow (max ₹250/month).
Complimentary Lounge Access
- 2 domestic visits/quarter (8/year); 3 international visits yearly for primary cardholder.
Golf Benefits
4 green fee waivers/year & 1 free golf lesson/month at select courses.
Insurance & Protection
- Credit Shield cover of 3 Lakh, Lost Card liability 3 Lakh.
- 6-month purchase protection for mobiles/electronics bought online.
Fees & Charges
| Fee Type | Details | Waiver / Cap |
|---|---|---|
| First Year Membership Fee | ₹999 + Applicable Taxes | Waived on retail spends of ₹20,000 within 1 month of card setup. |
| Renewal Membership Fee | ₹999 + Applicable Taxes | Waived on annual retail spends of ₹2,00,000. |
| Interest Rate | 3.99% per month (47.88% annually) on Revolving Credit, Cash Advances, and Overdue Amount | — |
| 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) + gST | — |
| Utility Charges | 1% + GST on monthly utility spends above ₹15,000 | Fee capped at ₹3,000/month |
| Utility Charges Illustration | ₹10,000 spend → No fee , ₹20,000 spend → ₹200 + taxes | — |
| 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 |
Struggling to keep up with mounting credit card bills?
Card Essentials
| Type | Reward Points |
| Welcome Benefits | n/a |
| Annual Fee | ₹999 + GST |
| Reward Structure | Rewards on Eligible SPENDS |
| Renewal Benefit | Spend ₹2,00,000 annually, get your renewal fee waived. |
Rewards and Benefits Analysis
Who Benefits Most?
Heavy online shoppers earn 1.5% effective cashback—far higher than most cards (12 points/₹200 ≈ ₹1.5/₹200).
Movie buffs and diners get solid monthly savings via BookMyShow discounts and restaurant offers.
Frequent domestic/international fliers leverage up to 11 free lounge visits/year—unusual at this fee point.
Golf aficionados and insurance-conscious spenders benefit from unique add-ons.
Real-World Value Example
₹20,000/month online: 1,200 RP = ₹300 cashback.
₹10,000/month offline: 300 RP = ₹75 cashback.
25% off 4 movie tickets/month saves ₹1,200+ annually.
Insurance and travel/lifestyle discounts can be worth ₹8,000+/year for active cardholders.
Practical Considerations
Fees & Charges
Joining Fee: ₹999+GST, waived at ₹20,000 spends (first 30 days).
Annual Fee: ₹999+GST, waived at ₹2 lakh spends/year.
Interest: 3.99%/month (47.88%/year).
Forex Markup: 2.75% — competitive for travel cards.
Cash Withdrawal: 2.5% or ₹500, whichever is higher.
Redemption Fee: ₹100+GST per request.
Utility (>₹15,000/mo), rental, wallet, and education payments above caps attract 1% fee.
Eligibility
Age: 21–60 years.
Income: Minimum Net Salary of INR 1 lakh per month or Income Tax Return of INR 9 Lakhs and above.
KYC: Aadhaar, PAN, income docs; salary slip or Form 16 for self-employed.
Redemption Options
YES Rewardz Portal
Use for statement credit, air miles (10 RP = 1 InterMile/Vistara), hotel, flight booking, e-gift vouchers, and merchandise.
₹0.25/RP for travel, hotels, and flight bookings.
RP validity: 36 months.
Best Strategies
Optimize value by redeeming for travel (flights, hotels).
Use air mile conversion for frequent fliers—partners include Air India, Vistara.
Check for merchant and travel flash sales on YES Rewardz for highest returns.
Ideal User Profile
Urban professionals with ₹2+ lakh annual card spends.
Frequent shoppers & travelers wanting high cashback, lounge access, and insurance in a single card.
Lifestyle-seeking families that enjoy movies, dining, and premium experiences.
Credit-savvy users keeping spends above waiver thresholds for zero-fee access.
Final Thoughts
Strengths
High rewards rate (up to 1.5% online), fee waivers, superior travel, movie, and insurance perks—rare at sub-₹1,000 annual fee.
Premium feel with complimentary lounges, golf, and purchase protection.
Air mile conversion, movie and restaurant discounts, and robust online security.
Transparent fee-waiver mechanics—easy to keep costs low for active spenders.
Limitations
No domestic/international travel insurance beyond accident shield.
Rewards do not apply on fuel, wallet loads, rent, fee payments, or EMI spends.
Redemption fee applies and reward points capped per category.
Income requirement is higher than entry-level cards.
Additional Tips for Applicants
Eligibility Documents: Prepare latest payslips or Form 16/ITR, PAN, Aadhaar for easy approval.
Fee Management: Structure spends to hit ₹20,000 in first 30 days and ₹2 lakh yearly for zero-fee usage.
Redemption Awareness: Periodically redeem YES Rewardz before expiry; check for air mile transfer or best merchant offers.
Movie/Dining: Use BookMyShow for max ticket savings; check YES app for up-to-date restaurant deals.
For the premium-minded, YES BANK ELITE+ Credit Card offers a complete blend of rewards, global acceptance, and lifestyle extras—making everyday spending truly rewarding in 2025.
This review offers a clear and balanced overview of the YES BANK ELITE+ Credit Card’s strengths and limitations, helping readers make an informed choice about whether this card fits their
Spending Habits And Financial Goals.
Gyro - Your Financial Compass Is A Constantly Updating Financial Insights Engine That Aggregates Data From Various Sources To Provide Up-To-Date insights On Banking Products. Cashon.cards Offers Blogs, Videos, And Podcasts To Help Users Make Informed Financial Decisions.