YES BANK Paisabazaar PaisaSave Credit Card Review: A Cashback Champion for Digital India
Author And Publisher: Gyro 3.oYES BANK Paisabazaar PaisaSave 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."
The Ultimate Cashback Card for Online Shopping and UPI Payments
Introduction
In an era where digital transactions dominate our daily lives, the YES BANK Paisabazaar PaisaSave Credit Card emerges as a compelling solution for value-conscious consumers. This co-branded offering promises to provide a compelling solution. how we earn cashback on both online and offline purchases, particularly appealing to the digitally-savvy generation that prioritizes savings on everyday expenses.
Launched in partnership between YES BANK and Paisabazaar, this credit card addresses a crucial gap in the market providing substantial cashback rewards without the complexity of category restrictions or merchant limitations that often frustrate cardholders. Whether you're shopping on Amazon, paying bills through UPI, or making in-store purchases, the PaisaSave card promises consistent value back to your pocket.
Key Features and Benefits
Cashback Rewards Structure
3% Cashback on All Online Spends: Earn on popular platforms including Amazon, Flipkart, Myntra, Nykaa, Swiggy, Zomato, Tata Cliq, and Ajio without merchant restrictions.
Monthly Cap Management: After reaching ₹5,000 cashback per month on online transactions, earn 1.5% on additional online purchases.
Unlimited 1.5% Cashback on Offline Spends: No caps on in-store transactions and UPI payments.
Dual Card Option
Physical Mastercard: For traditional POS and online transactions.
Virtual RuPay Credit Card: Enables seamless UPI payments, making it one of the few credit cards supporting UPI transactions.
Instant EMI
Now shop to your heart’s content and convert your purchases into easy monthly payments with the Instant EMI service on your YES BANK Credit Card—no documentation required, flexible tenures up to 36 months, and available at over 80,000 merchant outlets with interest rates starting at 16% p.a. and a processing fee of ₹249 or ₹399. Just ask for Instant EMI at the payment counter before completing your transaction.
Post Purchase EMI
Convert eligible YES BANK Credit Card spends into EMIs via app, net banking, or customer care—tenure from 6 to 36 months, interest 11.99%–30%, excludes cash/gold/jewelry.
e-Mandates
Set up auto-payments on your YES BANK Credit Card via merchant sites using AFA. Manage e-mandates through SiHub or MandateHQ after one-time sign-up for bills, subscriptions, insurance, and more.
Fees and Charges
| Feature | Details |
|---|---|
| Joining Fee | ₹0 |
| Annual Membership Fee | ₹499 + taxes (waived on spends ≥ ₹1,20,000/year). |
| Interest Rate | 3.99% per month (47.88% annually) on revolving credit, cash advances, etc. |
| Rental Transactions | Max 5 per 30 days. |
| - Up to ₹1,000: 1% or ₹1 (whichever is higher). | |
| - Above ₹1,000: 1% or ₹199 (whichever is higher). | |
| Wallet Transactions | Minimum 1% or ₹1 (whichever is higher). |
| Utility Charges | 1% + GST on monthly spends above ₹15,000 (capped at ₹3,000/month). |
| Education Fee Charges | 1% + GST via third-party apps , capped at ₹5,000/month. |
| Fuel Transaction Charges | 1% + GST on spends > ₹10,000, capped at ₹5,000/month. |
Struggling to keep up with mounting credit card bills?
Card Essential
| Type | Reward Points |
| Welcome Benefits | n/a |
| Annual Fee | ₹499 + GST |
| Reward Structure | Rewards On SPENDS |
| Renewal Benefit | Spend 1,20,000+ annually, get your renewal fee waived. |
Rewards and Benefits Analysis
Who Benefits Most
The PaisaSave card is particularly valuable for:
Heavy online shoppers who can maximize the 3% cashback rate.
UPI users leveraging the RuPay variant for digital payments.
Budget-conscious consumers seeking straightforward cashback without annual fees.
Practical Considerations
Limitations to Consider
Monthly Cashback Cap: Online cashback limited to ₹5,000 per month, requiring strategic spending timing.
High Interest Rates: 3.99% per month (47.88% annually) on revolving credit.
No Premium Perks: Lacks airport lounge access, travel benefits, or lifestyle privileges.
Transaction Restrictions: Rental transactions capped at 3 per 30-day period with 1% fee.
Eligibility Criteria
Age: 21-60 years.
Income Requirements:
Salaried: ₹25,000 per month minimum.
Self-employed: ₹41,666 per month or ₹5 lakh annual ITR.
Documentation: Standard KYC documents, income proof, PAN card.
Usage Tips for Maximum Value
Timing Strategy: Make large online purchases early in the month to maximize 3% cashback before hitting the cap.
UPI Optimization: Use the RuPay variant for UPI transactions to earn 1.5% cashback.
Bill Payment: Leverage offline/UPI spending for unlimited 1.5% returns on utility bills and everyday expenses.
Redemption Options
Streamlined Redemption Process
Direct Statement Credit: Redeem reward points as statement credit through YES Rewardz portal.
1:1 Conversion: Each reward point equals ₹1 in statement credit.
Zero Fees: No redemption charges or conversion costs.
Flexible Timing: Redeem points anytime without expiry concerns for active cardholders.
Best-Value Strategy
The simplicity of the redemption process is a key advantage—no complex point calculations or partner restrictions. Simply accumulate points and convert to statement credit as needed to offset your card bills.
Ideal User Profile
Perfect Candidates
Digital-First Millennials and Gen Z: Heavy online shoppers who appreciate UPI integration.
Frequent E-commerce Users: Those making regular purchases on Amazon, Flipkart, food delivery, and lifestyle platforms.
Budget-Conscious Families: Seeking maximum cashback on everyday expenses without annual fee burdens.
UPI Enthusiasts: Users who prefer digital payments over cash transactions.
Final Thoughts
Strengths That Stand Out
The YES BANK Paisabazaar PaisaSave Credit Card delivers on its core promise: substantial, uncomplicated cashback rewards for digital-age spending patterns. The 3% online cashback rate competes strongly with premium cards, while the unlimited 1.5% offline rate ensures consistent value across all spending categories.
The dual-card option with UPI capability through RuPay is genuinely innovative, addressing a real need in the Indian payments landscape. For users who can manage the ₹5,000 monthly online cashback cap strategically, this card offers exceptional value.
Areas for Caution
The monthly cashback cap may frustrate heavy spenders, and the lack of premium benefits means this card won't satisfy those seeking lifestyle perks. The high interest rates demand disciplined payment behavior—this card rewards responsible users while penalizing those who carry balances.
Our Verdict
Rating: 4.2/5 - Excellent for target audience with minor limitations.
For cashback-focused users who prioritize online shopping and digital payments, the PaisaSave card represents outstanding value. While it may not suit everyone's needs, it excels in its intended niche of providing straightforward, high-value cashback rewards.
Additional Tips for Applicants
Application Strategy
Apply Through Paisabazaar: Leverage their digital expertise for smoother application processing.
Choose Both Variants: Opt for both Mastercard (physical) and RuPay (virtual) during application for maximum flexibility.
Income Documentation: Ensure verifiable salary slips or ITR showing consistent ₹25,000+ monthly income.
Maximization Techniques
Spending Calendar: Plan major purchases early in billing cycles to maximize monthly cashback caps.
Payment Discipline: Set up auto-pay for full amounts to avoid interest charges that can quickly erode cashback gains.
Long-Term Considerations
With the digital payments landscape evolving rapidly, the PaisaSave card positions you well for India's increasingly cashless future. The UPI integration and broad online merchant acceptance make this a forward-thinking choice for building a sustainable cashback strategy.
Remember: The key to success with this card lies in disciplined usage—maximize the high cashback rates while maintaining responsible payment habits to truly benefit from its value proposition.
- This review offers a clear and balanced overview of the
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