Yes Bank Premia Credit Card Review

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Devaluations are a part of every credit card’s journey. But, sometimes they can be very harsh especially if they are because of a crisis. Yes Bank credit cards are among the least rewarding cards in the market today. But, they still hold good for the occasional merchants and spend offers. While its entry-level Prosperity cards are mediocre at best, the premium cards are somewhat better in rewards. We have three cards in the Premium Range – First Exclusive, First Preferred, and Premia. In this post, we review the Yes Bank Premia credit card.

Fees and Charges

All Yes Bank credit cards (except the Private) are issued as Lifetime Free (LTF). The product/application pages mention an annual fee but we can apply through agents to get it LTF.

Joining Fee Rs 999 plus taxes or NIL
Joining Fee Reversal Spend Rs 25000 within 90 days
Renewal Fee Rs 999 plus taxes or NIL
Renewal Fee Waiver Spend Rs 150000 in a membership year
Yes Bank Premia Credit Card Review – Fees and Charges


Yes Bank credit cards have two different reward rates depending on the category. Almost all of our major spending come under the ‘slow’ reward rate. The below table’s return assumes that rewards will be redeemed for flights. More details are in the ‘Rewards Redemption’ section.

Transport, Utilities, Groceries, Supermarkets, Insurance, Education, Govt. Services, Tolls, and Convenience Stores 3 RP/Rs 200 0.38%
Other Spends 6 RP/Rs 200 0.75%
Yes Bank Premia Credit Card Review – Rewards

The return rate is too low to even consider using this card for any transactions. Only cases where this might be useful when there is some spend or merchant offer.

Rewards Redemption

We have many options for reward redemption. The best value is against flight redemption.

Flights and Hotels 25 paise per RP
Gift Vouchers 10 paise per RP
Air Miles (Club Vistara/InterMiles) 10 RP = 1 Mile
Rewards Catalog Varies
Yes Bank Premia Credit Card Review – Rewards Redemption

Complimentary Airport Lounge Access

  • Domestic Airport Lounge: 1 complimentary access/quarter.
  • International Airport Lounge: 2 complimentary access/quarter. Access is with LoungeKey for Visa and Priority Pass for Mastercard variants.
  • The list of eligible lounges is available here.

Key Benefits

  • BookMyShow: 25% discount on BookMyShow movie tickets. Maximum Rs 250/month.
  • Complimentary Golf: Waiver of 4 Green Fee and 1 complimentary Golf lesson at select courses.
  • Foreign Currency Markup: 2.5%
  • Fuel Surcharge Waiver: 1% waiver for transactions between Rs 400 and Rs 5000

Final Thoughts

We had a time when Yes Bank credit cards were very rewarding. But with all the changes, their credit cards are now among the least rewarding cards in the market. The Yes Bank Premia card follows the same.

We have some good benefits like complimentary airport lounge access and Golf. But, the rewards are really low to use the card for any transactions.

I am passionate blogger and youtuber since 2018 and self study Programmer.

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