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Credit cards have become an essential part of our lives. They offer convenience, security, and rewards for making purchases. One such credit card is the Yes Prosperity Rewards Plus Credit Card, which offers a host of benefits to its users. In this article, we will take a closer look at the features and benefits of this credit card.
Features of Yes Prosperity Rewards Plus Credit Card:
- Rewards: The Yes Prosperity Rewards Plus Credit Card offers reward points on all transactions. You can earn 4 reward points for every Rs. 100 spent on the card. These reward points can be redeemed for a variety of products and services.
- Fuel surcharge waiver: The card offers a 1% fuel surcharge waiver on all fuel transactions. The maximum waiver is Rs. 250 per billing cycle.
- Welcome bonus: The card offers a welcome bonus of 1,000 reward points on the first transaction made within 30 days of card issuance.
- Annual fee waiver: The annual fee for the first year is waived off on this card. The annual fee from the second year onwards is Rs. 1,000.
- Add-on cards: The cardholder can avail up to 3 add-on cards for their family members.
- Interest-free credit: The card offers an interest-free credit period of up to 50 days, which means that you don’t have to pay interest on your purchases for up to 50 days from the date of purchase.
- Contactless payments: The card offers contactless payments, which means that you can make payments by simply tapping your card on the point-of-sale machine.
Benefits of Yes Prosperity Rewards Plus Credit Card:
- Dining benefits: The card offers a 15% discount on dining at select restaurants across the country.
- Travel benefits: The card offers a 25% discount on domestic hotel bookings made through the Yes Bank website. It also offers a discount on international flights and hotel bookings made through the Yes Bank website.
- Lifestyle benefits: The card offers discounts on movie tickets, shopping, and other lifestyle purchases made through the Yes Bank website.
- Insurance benefits: The card offers a complimentary air accident insurance cover of up to Rs. 50 lakh.
Fees and Charges:
- Joining fee: Rs. 1,000
- Annual fee: Rs. 1,000 from the second year onwards
- Late payment fee: Rs. 100-700 depending on the outstanding balance
- Overlimit fee: 2.5% of the overlimit amount subject to a minimum of Rs. 500
- Cash withdrawal fee: 2.5% of the transaction amount subject to a minimum of Rs. 250
- Foreign currency transaction fee: 3.5% of the transaction amount
- GST: 18% on applicable fees and charges
Conclusion:
The Yes Prosperity Rewards Plus Credit Card is a good option for those who want to earn reward points on all their transactions. It offers a host of benefits, including dining, travel, and lifestyle benefits. The annual fee is also reasonable, and the first year’s fee is waived off. However, it’s important to note that the card has a joining fee of Rs. 1,000, and there are fees and charges associated with late payments, overlimit transactions, cash withdrawals, and foreign currency transactions. Overall, if you are looking for a credit card that offers rewards and benefits, the Yes Prosperity Rewards Plus Credit Card is worth considering.
FAQs
Here are some frequently asked questions (FAQs) on the Yes Prosperity Rewards Plus Credit Card:
How do I apply for the Yes Prosperity Rewards Plus Credit Card?
You can apply for the Yes Prosperity Rewards Plus Credit Card online through the Yes Bank website or by visiting your nearest Yes Bank branch.
Is there an annual fee for the Yes Prosperity Rewards Plus Credit Card?
Yes, there is an annual fee of Rs. 1,000 from the second year onwards. However, the first year’s fee is waived off.
What is the interest-free credit period on the Yes Prosperity Rewards Plus Credit Card?
The card offers an interest-free credit period of up to 50 days, which means that you don’t have to pay interest on your purchases for up to 50 days from the date of purchase.
What are the rewards offered on the Yes Prosperity Rewards Plus Credit Card?
The card offers 4 reward points for every Rs. 100 spent on the card. These reward points can be redeemed for a variety of products and services.
Does the Yes Prosperity Rewards Plus Credit Card offer any travel benefits?
Yes, the card offers a 25% discount on domestic hotel bookings made through the Yes Bank website. It also offers a discount on international flights and hotel bookings made through the Yes Bank website.
Is there a fuel surcharge waiver on the Yes Prosperity Rewards Plus Credit Card?
Yes, the card offers a 1% fuel surcharge waiver on all fuel transactions. The maximum waiver is Rs. 250 per billing cycle.
What are the fees and charges associated with the Yes Prosperity Rewards Plus Credit Card?
The fees and charges associated with the card include a joining fee of Rs. 1,000, an annual fee of Rs. 1,000 from the second year onwards, late payment fees, overlimit fees, cash withdrawal fees, and foreign currency transaction fees. The specific fees and charges may vary based on your usage of the card.
Can I get add-on cards for my family members with the Yes Prosperity Rewards Plus Credit Card?
Yes, you can avail up to 3 add-on cards for your family members with the Yes Prosperity Rewards Plus Credit Card.
What is the air accident insurance cover offered by the Yes Prosperity Rewards Plus Credit Card?
The card offers a complimentary air accident insurance cover of up to Rs. 50 lakh.
How can I redeem my reward points earned on the Yes Prosperity Rewards Plus Credit Card?
You can redeem your reward points through the Yes Bank website or by calling the customer care number provided on the back of your card. The redemption options may include a variety of products and services, such as merchandise, gift vouchers, or cashback.
