5000 Bonus Reward Points on YES Bank Credit Cards

By | December 21, 2017

Yesbank has been playing around with 2X Reward Points and 10X reward points for a while and now they’ve come up with a new kind of Bonus Reward points offer for New Year/Christmas, based on the spend. Everyone has different spend threshold and when you meet it, you get 5000 points. The spend threshold is designed to push you to spend more than what you’ve spent before. Here are more details.

Yesbank Credit Cards 5000 Bonus Reward Points Offer

Yesbank Credit Cards: 5000 Bonus Reward Points Offer

  • Type: Spend based
  • Spend Threshold: Personalised (usually between 15k-35k)
  • Excluded Spend Type: Fuel spends
  • Bonus Points: 5,000 Points
  • Offer Period: Dec 16th-31st 2017
  • Fulfillment: 28th Feb 2018
  • Effective Savings: 4% & above
  • Source

My spend requirement is Rs.30,000 while others have received in the range of 15k-35k. Looks like the spend requirement is computed based on previous months spends as i hardy spent anything this month. Its ideally put in such way that those who usually spend less are rewarded more % than others.

This is typically done by most credit card companies to push the overall amount spent per card. Even SBI and Amex seem to have been doing it but i never got a chance to avail them as it wasn’t targeted to me yet. I got one spend based offer with HDFC a while back after which it never came to me, though comes every month for my family cards.

Bottomline:

I may sound like a snake oil salesman when it comes to Yesbank Credit Cards. But the fact is, Yes bank is aggressive in increasing their market share and will continue to come up with such cool offers every single month at-least for next ~2 years. Even if not, you can expect a wonderful promo every festive season.

So, if you don’t hold Yesbank cards, go ahead and apply for one. Just incase if you need more reasons to get one, check out my previous article on: Why Should you Apply for a YES Bank Credit Card

Did you receive this offer and how much was your spend requirement? Feel free to share your thoughts in comments below.

80 thoughts on “5000 Bonus Reward Points on YES Bank Credit Cards

  1. Mohan

    Yes First preferred. 45k spend was my limit 🙁 I have diverted all my spends to Yes card and the monthly spend is high. I guess that explains the higher limit to me!!!

    Reply
  2. Abhishek Roy

    For me the spend threshold was ₹25K. I have already met the threshold. Will, be waiting to get the points. It’s eally a PITA to track asll these points. However, Yesbank seems to be pretty accurate with crediting the bonus points though. Till now they have credited bonus points correctly, twice in my account for two different offers. I am as of now waiting for the 10X points offer and this latest 5000 RPs offer.

    Reply
    1. Siddharth Post author

      Yes, they seem to be as good as Amex in this matter. I cross checked past 3 offers fulfilment and all seem to have got added properly. Someone got 10X points too it seems, but i didn’t receive yet as well.

      Reply
  3. Ajesh

    And Diners is providing 2x points on all transactions above 23k Threshold during 16-31 Dec. ( Except 10x transactions)

    Reply
    1. Siddharth Post author

      And i never received any such email. May i know when/how you got to this offer?

      Reply
      1. Prashant Gupta

        I received 2 mails. 1. Get additional 1500* Reward Points* for every spend of Rs.20000 and 2. get 2x points on spends above Rs.35K non 10X.
        I also received a promo mail 2 months back: Earn 500 Reward Points when you make 4 or more transactions using your Card. I have received the same i guess.
        Its good for us that Yes and HDFC are fighting for share. These days ICICI is also giving good offers. I have started using the ICICI HP coral Amex card for fuel purchase instead of citi indian oil. Now another card by SBI with a tie up with BP has come up with decent rewards on various spends.

        Reply
  4. Vikas Gupta

    Its just been a month I got the yes bank card and my spend reqt for 5000 RP was whopping 1 lac 15 thousand when others getting only in the range u specified. This is really pathetic to calculate only on the basis of last 1 month spend.

    Reply
    1. Siddharth Post author

      Sadly that’s what they have in records to decide the target!

      Reply
  5. Kapil Khurana

    No Siddharth. Do you know my target for this? It’s effin INR 13,15,000 :O

    Reward wise it isn’t even incrementally 0.1%, and hence I didn’t bother.

    Reply
    1. Siddharth Post author

      OMG!
      Does this mean you spent in that range last month or is it a brand new card?

      Reply
  6. Aman

    Hi Sid

    If one has YFE and just crosses the threshold then reward rate is 10.83% at 15k and 6% at 35k spends. Spends above targets continue to get 2.5%.

    If one has YFP then reward rate is 10.33% at 15k & 5.5% at 35k spends. Spends above targets continue to get 2%.

    Looks like a good deal to me.

    Reply
  7. Deep

    Assuming 2% regular RP rate of Yes Preferred card, the reward rate is between 6% and 10% and upto 11% for Yes First Exclusive card holders. You missed adding regular reward points.
    Spend 15000 20000 35000
    Regular RP (Rs.) 300 400 700
    Bonus RP (Rs.) 1250 1250 1250
    Total RP (Rs.) 1550 1650 1950
    % Reward ~10% ~8% ~6%

    Reply
    1. Siddharth Post author

      Cool. I didn’t put this calc as this is different for each and it seems some have even got targets in lakhs.

      Reply
  8. Hari

    My spend target is INR 20000/- which I have already spent on 16th December.

    Reply
    1. Siddharth Post author

      I read it as 1.45L. That’s around 50% in your case, but seeing this, i infact got much lower number.

      Reply
  9. Raadhakrishnan R

    I was waiting for you to post it. I did get the offer and my threshold was 15k and i spent about 16k. I have Yes First Preferred card and the points i’ve got for it were 9879. Points accrual doesn’t match any of their scheme……wonder what promotion this is!

    Reply
    1. Siddharth Post author

      U mean trying to match 2x/5x? This one seems to be all new!

      Reply
      1. Raadhakrishnan R

        Yes, and it’s so confusing too. Let me try to charge some more and see what happens

        Reply
      2. Raadhakrishnan

        Called them up today. They have credited 8900RP towards the promotion they were running in october. I completely forgot about it. The points for the current promotion would take 90-120days itseems!

        Reply
  10. Mahesh

    any reviews on HSBC credit cards? i can see that they are providing 10% cashback for 90 days after receiving card

    Reply
    1. Siddharth Post author

      Good only for that reason, else i don’t see much benefit there.

      Reply
      1. Mouli

        HSBC has some good features too.
        When you spend more than 50k in a month, you will get 500 worth BookMyShow voucher (Max 6 months)
        In a year, if you spend more than 4L , then you will be getting 5X reward points for the incremental spends till 10L in the same year
        BT,EMI offers also good. You will always have offers in MMT,Max. They gave an offer of 25% cashback when you book any Taj Property
        Recent Offer : if I spend more than 5L within March 2018 then I will get 15k worth Taj Voucher.

        Reply
        1. Siddharth Post author

          Recent offer seems to be interesting. Is it targeted or common promo?

          Reply
          1. Mouli

            Seems like a common Promo but need to register to avail this offer

      2. Amex Guy

        It’s a decent free card for travellers for one reason alone — emergency cash literally anywhere in the world in a very short span of time. HSBC is world’s local bank for a reason. Sadly my card got cancelled last year because I did not spend anything on it for a year. But it was a good mental relief, just in case I got mugged or my cards started to get denied.

        Their promos are good but are all spend based. Evidently I didn’t spend enough so never used any. 😛

        Reply
        1. Siddharth Post author

          Have almost forgotten HSBC existence. Infact i saw someone from HSBC in interview say they’re NOT interested in credit cards business !?! So i decided they wont be good at personalised promos. Will probably explore it in late 2018.

          Reply
        2. Abhishek Roy

          Yes. Emergency cash can be at times really helpful. However, I’ll really not like to get into such situations. For this, one can always keep various cards at hotels and some in wallet. Few cash should always be in hotel room. I too have never tried HSBC Credit Cards in India.

          Reply
  11. Tushar

    My threshold is 55k. A bit disappointing that the reward remains the same no matter the amount spent.

    Reply
    1. Siddharth Post author

      Remains same? Anyways u get additional 5k points which is something better than nothing.

      Reply
      1. Sid

        I am using HSBC card they are generous in extending the limit to 9lakh from 6 lakh. Should I accept ?

        Reply
          1. Sid

            Off topic : I already have regalia and yesfirst preferred and don’t use HSBC that much. So do you think with revised limit on HSBC it will be beneficial will it increased limit will create hindrance with increasing the limit of other cards or applying new cards.

            @ I need into lounge access for my wife none of her card have internet lounge acess. I have two priority pass will they accept those at lounge for both of us. If not then which is the best card to get to serve purpose. We have 20 days .

  12. Majumdar

    My target is 30K. Was cribbing till I read Ajesh and Kapil’s posts here!

    Moral of the story, spend only what is needed to get Bonus RPs and keep earning regular 5-7.5% rate for a long period. Else you end killing the golden goose!

    Regards

    Reply
    1. Siddharth Post author

      But when everyone does that, they’ll find a new way to make you spend more. 😀

      P.S. It seems they also see if you had completed the previous spend based target to decide the new target. I didn’t hit my previous target!

      Reply
  13. coolbuddy

    i have a prosperity edge card with 1.6lakh limit got it in october completed 7.5k specnds for getting card actication bonus. from then i have seen three offers by yes banks.
    1. 3X and 5X reward pints for spend of 5000 and 7500rs respectively in nov from 17-26 NOV which i did.
    2. 500rs book my show voucher for 4 spends of 500rs each from 1st -31st dec. did it again and waiting for teh voucher.
    3. i got offer of 2000RP for a spend of 15000 b/w 16-31st dec. did it again.
    i must say they incite the shopper in us with these unique offers and make us divert our spends to their card.

    Reply
  14. coolbuddy

    and yes i forgot to mention another offer i.e. 2000 RP on getting an add on card and activating it within 30 days by making a transaction. have done that too.
    so many offers in just 2 months that make me waiting for the next. 🙂

    Reply
  15. Arul

    This month myself and my wife got 2 offers

    Offers # 1) BookMyShow voucher on Spends 1st December 2017 to 31st December 2017

    To be eligible for the Voucher the Cardmember should make 4 or more
    transaction of value greater than or equal to INR 500 each during the Offer Period
    [ T&C ]

    Offers # 2) 5000 Bonus Reward Points on spending a total of Rs.15000
    I already completed 4 PayTM Txns worth of 2000 and 45K after 16 DEC, OK Job Done!!!

    My wife done Txn 25 K after 16 DEC and yet to do PayTM Txn to BMS ticket

    I love Yes bank cards…

    Reply
  16. MOHAMMED ABDUL WAHED

    He’ll everyone,
    I want to apply for hsbc platinum credit card becz of its 10% cashback and lovely rs.500 book my show Voucher,I want suggestions for easily approvel,
    Is there is anyone applied and holding it let us know,
    I recently checked my credit score it is 756 and i have a fresh ITR of 6lac (self employed),
    I’m holding two cc,hdfc & kotak with 40k&57k limits,
    Plz provide ur valuable suggestions

    Reply
    1. Sid

      You can get card on card from hsbc. Fill the form directly if you need help you can reach other third party portal where they will give you vouchers on applying form their website.

      Reply
      1. HSBC guy

        How can i apply through card to card,
        Online portal such as paisabazaar,..
        Don’t provide card to card application.

        Reply
  17. Prashant Gupta

    Seems like my thresholds are nice. 15K on yes prefered and 10K on yes prosperity (2K points)

    Reply
  18. Balpreet Singh

    I had a query on inclusion / exlusion. fuel purchase not included. However is it only “retail spends” or anything else. Example – I have paid my child’s school fee online via Eazypay. Does that get counted towards target?

    Reply
  19. Rushabh

    I got it couple of months back. And I got 15k as target. Spent it in a day.

    But I disagree that they are pretty good with reward points accrual. I added some billers which would have got me 1000 points each, but it’s not the case. I am yet to argue with customer service on that. But Yes bank is no way close to AMEX. Atleast from my personal experience.

    Reply
  20. Gaurav Khurana

    I got a target of 15k. Acheived that in one transaction.

    Yes Bank is one of the best cards right now in the market as far as points accrual is concerned

    Reply
  21. Harshit

    Team cardexpert, on many cases why do you only discuss/post on top end cards offers only.

    Like i have yes bank preferred edge cc, i got 2000 bp offer on spends of 10000.

    Try to include other offers as well, apart from top trim cards.

    Reply
    1. Siddharth Post author

      I usually write about the offers that i receive but i’m sure this article covers for all.

      Reply
    2. Prashant Gupta

      Hrashi: if you are a regular here, you will know about most of the offers. We all discuss here. Its very difficult to write about offers of all the Card especially with different variants.

      Reply
  22. Amit

    Hi Sid,

    I have an Edge Prosperity Credit Card and I am offered 2000 bonus points on spend of Rs. 10000.

    Reply
  23. Mohit

    How much days it takes to show points in account for YFP?

    I made first transaction on my credit card yesterday. Should i expect points to show in my account by evening today?

    Reply
    1. Sid

      It depends. You can see the points once the charge moves from pending to unbilled. Generally it take a day or two in domestic and 3-4 days for international.

      Reply
  24. Anoop E S

    Siddharth, I disagree with you on the statement that they are trying aggressively to expand their credit card portfolio. Yes bank Credit cards are available only at selected locations. Many of its branches are still deposit mobilizing branches only. Even they are not trying to issue credit cards on “card on card” in these locations where they got branches.

    On the other hand, SBI is going aggressively and they are offering cards to their account holders.

    Reply
    1. Siddharth Post author

      All banks have set a “serviceable area” which is basically the area of less risk in most cases and there may also be other factors like # of accounts in a particular branch which helps banks to decide the best way to expand at low expense to bank.

      Anyways, you can still get Card on Card if you can give good NRV to the bank. Mine is the same case and i was still able to get the card. Hope you read my preferred article.

      SBI is on volume game!

      Reply
  25. Siddharth Mehta

    My last month’s expenditure on YFE was 1.02 lakhs and my target for this offer is 45k which I already met. Nice to have 5k extra points as Christmas gift.

    Reply
  26. Mohit

    Will i get no points on adding money on paytm in yes bank first preferred card?

    Reply
    1. Mouli

      You will get but it makes sense only if you can spend through paytm else you will end up paying 2% for transferring to bank

      Reply
  27. Mrinal Thakkar

    I got an offer of 5000Points bonus on a spend crossing 105,000 … not worth shifting the spends in this limited period according to me

    Reply
  28. Nishant Mohan

    Any idea about eligibility requirements to upgrade from Preferred to Exclusive?

    Reply
    1. Don

      Just been upgraded from YFP to YFE in under 7 months. The following were the arguments put forth by me to the YBL CC team, for an upgrade:

      1. Transactions/Spendings have been quite good in my account, both in volume as well as value terms (Rs. 5L+ in 6 months). Thus, significant business has been given to YBL.
      2. Several international transactions had also been done. If Yes Bank earns good from us, no reason for them to not upgrade.
      3. NRV: Healthy NRV as well as family YF savings account maintained.
      4. The payments to the credit card account have also always been made a week before due date, signifying a clean record.
      5. CIBIL score of 818. Banks and CC companies typically love a score of 700+. Mine has been 800+ since a very long time.
      6. Referrals: I had also referred and converted few potential customers to the YF savings program & YF Preferred card. This too added as a selling point.

      I don’t know if fulfilling their bonus reward points criteria which they often come up with and periodically sending revised pay slips may help or not, but fortunately I didn’t have to resort to it.

      All in all, think of yourself as a bachelor and YFE as your potential bride. Since, they are never transparent about the upgrade criteria, give them maximum positive reasons and chase aggressively. Wish you the best for upgrade.

      Reply
  29. Mohan

    YES First started new promotion, 100% more reward points on Insurance Payments. Max reward points 5000.

    Reply
  30. Aman

    NEW OFFER

    INR 10,000 (paytm) cashback on purchase of iPhone X for YES BANK Credit card customers from January 9-12, 2018 or till stocks last.

    Purchase through Paytm mall. 100% payment via yes card is necessary. No paytm wallet balance allowed.

    Rs. 4,000 cash back in 24 hrs and Rs. 6,000/- by 10th March 2018.

    Reply

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