YES BANK SELECT Credit Card Review

• 8 YES Rewardz Points per ₹200 on online shopping (excluding select categories).​

• 4 YES Rewardz Points per ₹200 on offline transactions.​

• 2 YES Rewardz Points per ₹200 on select categories.​​

• Domestic Lounge Access: 1 complimentary visit per quarter for primary cardmember.​

• Golf Program: 4 complimentary green fee waivers per year + 1 golf lesson per month.​

• International Lounge Access: Priority Pass membership on request (charges apply).

Category	Details
Joining Fee	₹599 + taxes (waived on spends ≥ ₹10,000 within 1 month of setup).
Renewal Fee	₹599 + taxes (waived on spends ≥ ₹1 lakh in previous 12 months).
Interest Rate	3.99% per month (47.88% annually) on revolving credit, cash advances, and overdue amounts.
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 utility spends above ₹15,000 Fee capped at ₹3,000/month.
Education Fee Charges	1% + GST on payments via third-party apps Fee capped at ₹5,000/month.
Fuel Charges	1% + GST on transactions above ₹10,000 - Fee capped at ₹5,000/transaction.
Toll/Bridge Charges	1% + GST on transactions above ₹10,000 - Fee capped at ₹5,000/transaction.
Foreign Currency Markup	Preferential rate of 2.75%.

Who Benefits Most

The SELECT card delivers exceptional value for:

• Online shopping enthusiasts who can leverage the 1% reward rate (8 points per ₹200 = 2% if redeemed optimally).

• Golf enthusiasts seeking regular playing privileges and lessons.

Real-World Value Assessment

Monthly Earning Potential:

• ₹20,000 online shopping = 800 points (worth ₹200 at standard redemption).

• ₹15,000 offline spending = 300 points (worth ₹75).

Annual Benefits Value:

• Lounge access (4 visits) = ₹2,000+ savings.

• Golf benefits = ₹15,000+ value for regular players.

• Fuel surcharge waiver = ₹1,500+ annual savings.

• Insurance coverage = ₹6 lakh total protection.

Subscription Plans for Enhanced Rewards

• ₹1,000 Plan: 3X rewards on all spends (capped at 75,000 additional points per cycle).

• ₹2,000 Plan: 5X rewards on offline spends, 3X on online spends.

Important Limitations

• Quarterly Lounge Access: domestic lounge access requires ₹35,000 quarterly spend (₹50,000 from April).​

• Monthly Reward Cap: Online shopping rewards capped at 5,000 points per statement cycle.​

• Redemption Value: Points typically worth ₹0.25 each, requiring strategic redemption for maximum value.​

• Select Categories: Lower earning rate on utilities, education, and government payments.​

Eligibility Criteria

• Age: 21-60 years.​

• Income Requirements:

  • Salaried: ₹50,000 per month minimum.​

  • Self-employed: ₹7.5 lakh annual ITR.​

• Documentation: Standard KYC documents, income proof, address verification.​

Costs to Consider

• Interest Rate: 3.99% per month (47.88% annually) on carried balances.​

• Forex Markup: 2.75% on international transactions.​

• Late Payment Charges: Standard penalties apply.​

YES Rewardz Platform

• Statement Credit: Direct credit at ₹0.25 per point.

• Travel Bookings: Flight and hotel reservations through the rewards portal.

• Gift Vouchers: Wide selection from popular brands and retailers.

• Air Miles: Convert to InterMiles or Club Vistara points for frequent flyers.

• Merchandise: Electronics, appliances, and lifestyle products.

Best-Value Strategies

• Redeem for travel bookings to maximize point value.

• Use statement credit for immediate bill reduction.

• Take advantage of flash sales and bonus redemption offers.

• Consider air mile conversion for frequent travelers.

Perfect Match For

• Urban professionals with ₹1-3 lakh annual card spending.

• Online shopping enthusiasts who make regular e-commerce purchases.

• Domestic business travelers who can utilize quarterly lounge access.

• Golf players seeking regular course access and lessons.

Spending Pattern That Works

• Monthly online spending: ₹15,000-₹25,000 (to optimize reward earning).

• Annual total spending: ₹1-2 lakh (to maintain fee waiver).

• Regular domestic travel for lounge access utilization.

• Consistent quarterly spending above ₹35,000 for lounge eligibility.

Outstanding Strengths

The YES BANK SELECT Credit Card delivers genuine value through its comprehensive benefit package. The 1% effective reward rate on online shopping, combined with practical perks like lounge access and golf benefits, creates compelling value for the target demographic. The reasonable fee structure with achievable waivers makes it accessible without sacrificing benefits.

Areas of Concern

The quarterly spend requirement for lounge access adds complexity, and the reward caps may limit heavy spenders. The redemption value of ₹0.25 per point requires strategic use to maximize benefits, and the card lacks some premium features found in higher-tier offerings.

Value Verdict

For users with moderate to high spending patterns who value online shopping rewards and travel perks, the SELECT card offers excellent ROI. The combination of practical benefits, reasonable fees, and comprehensive insurance coverage makes it a smart choice for growing professionals.

Rating: 4.0/5 - Strong mid-tier value proposition with minor limitations.

Recommended if: You shop online regularly, travel domestically, and want practical benefits at reasonable cost.

Skip if: You need premium features, have minimal online spending, or prefer cashback over points.

Application Strategy

• Income Documentation: Ensure salary slips show consistent ₹50,000+ monthly income.

• Credit Score: Maintain 750+ CIBIL score for smooth approval.

• Spending Plan: Structure initial spending to hit ₹10,000 in first 30 days for fee waiver.

Maximization Techniques

• Category Optimization: Use for online shopping primarily, supplemented by other spending.

• Lounge Planning: Plan quarterly spending to exceed ₹35,000 for access eligibility.

• Redemption Timing: Accumulate points for high-value redemptions rather than frequent small ones.

card Cost Management

• Payment Discipline: Pay full statements monthly to avoid high interest charges.

• Annual Spending: Track towards ₹1 lakh annual threshold for fee waiver.

• Subscription Plans: Consider upgrade only if spending patterns justify the additional cost.

The YES BANK SELECT Credit Card represents a thoughtful balance of rewards, benefits, and affordability, making it an excellent choice for users seeking to upgrade their credit card experience without premium complexity or costs.