Festive Offer: 10X and 2X Reward Points on Yes First Credit Cards

By | October 10, 2017

Ever since Yesbank has arrived in the credit card sector, it has been turning out to be one of the most aggressive bank when it comes up to matching rival bank’s offers. With their top of the line Yes First Exclusive Card, they have directly taken HDFC Infinia and Citi Prestige Like cards head on. One of the prime reasons for holding HDFC Diners Black card in India is the generous 10X program.

What if I told you Yes Bank has now decided to take Diners Black head on? Too good to be true right? This is precisely what has happened. Yesbank has introduced Festive Privileges offer that gives you an opportunity to earn  10X points with partner merchants and upto 2X points with non-partner merchants.

Yesbank’s Festive Privileges Offer:

  • Offer Period: 10th October 2017 to 31st October 2017
  • 10X RPs on spends done on partner merchants. No minimum spend criteria.
  • 2X RPs on spends on non-partner merchants (Any other spends online/offline channels besides the partner merchants) IF the total overall spends during the offer period (Partner/non partner merchant transactions) crosses ₹1 Lakh (₹50,000 for Yes First Preferred Cards)
  • List of Partner merchants: Amazon, MakeMyTrip, OlaCabs, Shoppers Stop and Reliance Digital.
  • Maximum points that can be acquired during this offer period is 1 lakh Bonus RPs. Understand that Bonus rewards points is the extra points, that is 9X and 1X that you are getting over and above the normal earning rate. So, if your bonus RPs somehow exceed 1L RPs, in that case the max cap of bonus RPs is 1 Lakh and you also earn the regularly earned points.
    • Example: A person spends 1 Lakh  by Yes First Exclusive card on Shoppers Stop (Standard RP- 10,000, Bonus RPs- 90000) and 2 Lakh on non partner merchants (Standard RP- 20,000, Bonus RPs- 20,000). No see that the total bonus RPs is 90,000 + 20,000 = 1, 10,000 RPs. In this case the bonus RPs will be limited to 1 Lakh only. Therefore he will earn a total of Standard RPs (10,000+ 20,000) +Bonus RPS (1,00,000)= 1,30,000 RPs
  • Spends will be considered for this offer both for Primary as well as Add-On cards.
  • No codes or any app/website specific spends are necessary for these RPs
  • Fulfillment: 31st December 2017

What does this mean?

  • Yes First Exclusive Base Rate Earning capability is 2.5%. With these offers, you’ll earn a cool 25% value back with partner merchants and 5% with non partner merchants.
  • In total you can earn a max of 1 Lakh bonus points. That means you can earn bonus RPs worth ₹25,000 over and above the normally earned RPs that you earn.
  • There is no coupon code that is applicable for getting these RPs, as a result you can club the offer with all existing coupon codes for the websites. This is specially good for MakeMyTrip as HDFC Diners Used to put a restriction of using coupon code for getting 10X and 5X points back then, therefore the site specific discounts could not be availed if you used the Diners Black or HDFC Coupon Codes. This is not the case here. You just earn extra for any bookings that you do now.
  • The offer also includes, offline partner like Shoppers Stop for all those who love Offline Shopping.
  • Just as Uber has partnered with HDFC Diners Club as 10X merchant, it’s good to see now Ola Also grabbing some lime light along with Yes Bank.
  • In a Nutshell, it is a great offer and there is no restriction on kind of items that you buy from any of these merchants. I am quite sure, you’ll even get 10X points for Railway tickets that you buy from MakeMyTrip. It cannot get any better than this.

We’ve been recommending yesbank cards for quite sometime knowing how aggressive they can become in coming years. Just incase if you’ve missed it, check out: Why Should you Apply for an YES Bank Credit Card

Are you excited to know about this offer? Will you be making the most use of it? Do let us know your strategy for spends during diwali with Yes First Exclusive/Preferred or any cards you hold. Sharing is caring. Happy Diwali in advance to all our Readers..

Source: 1 & 2

Author: Abhishek Roy

Abhishek is a Doctor by profession and is passionate about Technology and Photography. He pursues his hobbies during the little free time he gets and likes to make the most out of it. He has special interest in Credit/Debit Cards, Reward Points, Air Miles and Travel Hacks.

66 thoughts on “Festive Offer: 10X and 2X Reward Points on Yes First Credit Cards

  1. Mouli

    If I am not making any spend in the merchant partner and I am making more than 50000 spends in non partner merchant through online, am I still eligible for 2X offer. I think so, Plz confirm

    Reply
  2. Joel DSouza

    Hi,

    This is an awesome offer. As per the offer, 10X is valid even for Ola Cabs. Do we get 10X RP for loading on Ola Wallet? Or is it only for direct card payment in Ola Cabs.

    Reply
    1. Abhishek Roy Post author

      You should be getting 10X for Ola Wallet. I’m quite sure about this.

      Reply
      1. Praveen Perumalla

        I have actually loaded my ola money wallet this morning even before the offer was rolled out. Lucky me 🙂

        Reply
    2. Saurabh

      In OLA loading money in wallet or directly paying for cab via cc SBI SimplyCLICK offers 10X points

      Best guess is it will same with yes bank offer as well.

      Reply
  3. ashu

    Finally….. I have also received this Offer !!
    Phew .. I kept on waiting for them to include me ( a new Yes First Preferred User) in their Offers and its here.
    Yes, this is a Really Amazing Offer esp. considering the Partners – Amazon, MMT, SS , Ola (All top in their respective categories)

    Query-
    One of the T&C points is :
    “The Offer is applicable only on Retail Spends done using YES FIRST Preferred Credit Card”
    [Refer to Point no 3 in section : Who is eligible for the offer]

    Can someone through more light on this ??
    Does it means Utility payments or Bill Payments not covered??

    Reply
    1. Abhishek Roy Post author

      The offer is for all Yes First Customers. Well, it’s difficult to say as of now but it seems it won’t be counted. However if you spend it through other apps like Paytm or PhonePe or FreeCharge it will be counted as Retail Spends.

      Reply
        1. Bio

          I’ve already checked with them about this. Retail spends are (according to them) any spends other than fuel. They told me that utility bills counted as retail spends.

          Reply
        2. Harsh

          Retail spend would typically include spends excluding balance transfers, cash
          withdrawals, charges for cash withdrawals, annual fees, interest, finance
          charges, and any other such charges.

          Reply
      1. Anmol

        Is this valid for Yes First Business card as well ? Yes Bank is now not giving Yes Preferred & Exclusive to business owners. Not even on a card on card basis.

        Reply
  4. Prashant Gupta

    Like last year Yes has again tied up with Paytm and together they are giving cool 15k cashback in iphone 8.

    Reply
  5. Rohit

    I have got a new Yes Exclusive card some 20 days back. I have not yet received any mail on the offer….Will I be eligible for the offer

    Reply
    1. Abhishek Roy Post author

      Yes you should be. There was no mention in the terms and conditions that this offer is for select customers. In my understanding, this is for all Yes First Customers. So definitely go ahead and make the purchases. Besides I too didnt get any email. All we got was an SMS.

      Reply
  6. Manish Soni

    I got the card a week ago. I called bank, they did mention that I’m eligible.

    Reply
  7. Abhishek Singh

    Maximum points that can be acquired during this offer period is 50,000 Bonus RPs for Yes Prosperity Edge Card.

    Reply
  8. ram

    Can we Buy Amazon gift card or bank card from amazon.in to use this offer?

    Reply
  9. Saurabh

    Only problem is now is keeping track of all bonus points
    In Aug 10 Days Festive Spends Bonanza
    In Sep Enjoy DOUBLE Reward Points on ONLINE Spends!
    in Sep 3X Reward Points on spends 20th to 30th September 2017
    In Oct This one

    Yes Bank is in high gear

    Reply
  10. Guru

    I got the mail today regarding this offer. It is really amazing that Yes Bank is providing such great offers almost every month..

    Reply
  11. Aman

    Hi all

    If you use Samsung pay and yes bank cards you can get upto 1500 cashback on 5 transactions of atleast Rs. 500.

    Reply
  12. valliappan

    This offer is applicable for prosperity edge customers too! 25k limit for 2x. 10x partners remains same.

    Reply
  13. AMIT SEN

    Does lic premium payment count as retail spend ? I have a sizable premium to pay.
    Apart from this offer, i have also recieved an offer for additional 1% cashback for international transc. I have done few international transc today. Will it count for the initial offer of 2x reward point or it will be treated as separate. I asked CC they said i will get 1%cashback from offer2 + 2x rewards points from offer1 😀. Not sure if its true.

    Reply
    1. Abhishek Roy Post author

      Yes. I think so. We get 10X points for Diners . It should be the same with Yesbank.

      Reply
  14. Bharat bansal

    I am from Patiala, i tried apply online for yes bank prosperity edge but my city is not listed their, also i am not a yes bank customer, i have HDFC REGALIA CREDIT CARD with 6lac limit, CAN I APPLY FOR YES BANK CARD IN PATIALA BRANCH ?

    Reply
    1. Abhishek Roy Post author

      No in all probabilities you can’t as Yesbank might not have started sourcing their cards in Patiala. You may still visit the branch and ask them if they can. If yes then do that.

      Reply
  15. Ajay

    Hi I want to apply for a yes first exclusive credit card. I am fine with paying the charges for the same. However, it seems they have a requirement of 50 lacs yearly income. However I do have diners credit card. Is there any way I can still get the exclusive cc?

    Reply
    1. Abhishek Roy Post author

      If your Credit Limit is 8 Lakhs or more on your existing card, then you can get the card LTF. However, if you don’t then you have to resort to the ITR/Salary based criteria of ₹50 Lakh/annum which is ridiculously high for most people in India if not all.

      Reply
      1. Tarun

        I hold a Diners Black with a limit of 7.8 L. Will I be eligible to get this Yes First Exclusive LTF card? I can in no way meet the income criteria as they mention.

        Reply
        1. Prashant Gupta

          Card on card limut is Rs.8 L. Try and get the limit increased first. I the meantime talk to Custcare of Yesbank about eligibility can it be lowered inyour case.

          Reply
  16. R Muthu Monickam

    Hi Roy Sir!
    I appreciate you & Siddharth for keep sharing and energizing us.
    If you load ola money & transfer it to any bank means ola charge us of 4%+gst. Total money transfer limit is 25k per month for ola account.
    I am holding yes first preferred. In this manner if I do transaction for 25k means I loose approx 5% right away. But I will earn 10x rewards ie 20% . So the earning amount is Rs. 3750(15%).
    Am I right Sir’jee?

    Reply
    1. Abhishek Roy Post author

      Hi, thanks for the kind words. Yes, you are correct. But problem is just like any other wallet, Ola Wallet too would be having a limit I guess.

      Reply
  17. Saurabh

    T&C for the offer
    YES BANK reserves the right to disqualify/ exclude any merchant establishment or Cardmember
    from the Offer, if any fraudulent activity is identified as being carried out for the purpose of availing
    the Offer or otherwise by use of the Card

    Now if all of sudden you use the card at offer merchants for a high value transaction or for the first time it set in motion a lot of risk management tools at the banker end as well as merchant end…. the result of which could be in your favor or not.

    Reply
    1. Siddharth

      Wont be a problem as long as someone misuse wallet load for w/d. They got enough time to disqualify them if needed!

      Reply
  18. Puneet Singal

    I hold a Preferred card from Yes Bank. I was trying to calculate how much we need to spend with a partner merchant (say Amazon) to earn the max Bonus RP of 100,000. On Preferred card, I earn 8RP for every Rs. 100 spend. So differential 9x rewards work out to 72RP for every Rs.100. Therefore to earn 100,000RP, I need to spend Rs. 138,888 on Partner Merchants. I checked with Yes Bank and there appears to be no restriction on buying gold or jewellery (say from Amazon) under this offer. I am thinking of buying MMTC gold coins from Amazon to earn these bonus points.

    Reply
  19. Dhaval

    Hi Siddharth and Abhishek,

    Is this Offer extended to Yes First Business Credit Card as well.
    Interested to know how does Yes Fist Business CC compares to Yes First Preferred CC.

    Thanks

    Reply
    1. Abhishek Roy Post author

      Difficult to say my friend. will let you know if we know.

      Reply
  20. Rex

    Ues Bank has recently launched uber ultra hyper premium credit card recently. It uses master card world elite platform. Yes bank is first bank to bring this platform in india. This credit card will be invite only card. Yes bank announced that only select 2500 people will be given this credit card. Not much info available online regarding this card.
    If anyone gets more info kindly share here.
    If possible please write an article on said card.

    Regards

    Reply
  21. Srikanth Nalla

    Guys.. Payzaap also charging 2% charges from Nov 7th onwards… All wallets closed…

    Reply
  22. Manav Singh

    HI,
    1) Anyone here got an upgrade from Yes Preferred to Yes Exclusive. I got the Yes Preferred card in April ( was told Exclusive has stopped issuing on Card on Card basis)

    I was told, I can get an upgrade in 6 months. Now they are refusing an upgrade, with one reason or another.

    2) Also, anyone applied for a New Yes Exclusive card on Card on Card Basis. What is the criteria you are told?

    I asked them if cancelling this current Yes Preferred card and applying a fresh Yes exclusive will help? That too they tell isn’t possible.

    Reason given, my CTC has higher variable component, they want a higher fixed CTC, only then possible.

    What are the qualifying criteria?

    I hold HDFC Diners Black with 5.75 Lacs credit limit.

    Reply
    1. Siddharth

      Yes, i’m hearing this recently about Yes Exclusive. It looks like most cards they issued Card on Card not giving them expected returns, so they’re sticking to income levels.

      In such Cases, spending high + high relationship value + 6 months card age should help for upgrade.

      Reply
      1. Suresh

        Try posting your form-16 to chennai office with upgrade request. Worked for my friend.

        Reply
        1. Manav

          Thanks Suresh and Sid

          Local Branch Manager refused Upgrade. Let me try the method to mail details to Chennai Office.

          HDFC Diners Blacks asks for 1.75 Lakh Salary. These gusy asking for 3.25 Gross per month in salary slip.. Seems very high. Some corporates may tailor the CTC to benefit employees, so shouldn’t bank also look at ITR / FOrm 16, rather than monthly salary slips..

          Regards,
          Manav

          Reply
  23. ashish

    The best deal using this card at the moment would be to buy iPhone 8 from Reliance digital. They are offering 70% buy back on the phone. This is what the deal looks like:
    IPhone 8 price: -64000
    Jio recharge: -9995 ( 1 year)
    70% Buy back: 44800 (in vouchers)
    10x yes bank Exclusive: 16000
    so effectively you pay Rs 13195 for 1 year use of iPhone 8 + Jio 3 GB daily plan.
    Additionally if you are in businesses you can avail GST Input ( Rs 5800) + depreciation claims.
    Isn’t the deal too tempting ?

    Reply
    1. Amex Guy

      I checked after seeing your comment, Reliance Digital said they cannot issues b2b invoice with my company’s GST number on it. So you can’t really claim GST input, unfortunately. Still the best way to buy though.

      Reply
  24. Ranjan k

    Informative article Dr., and thanks for that
    Can you please make us more informed on recently launched HDFC Bank EasyEmi on Debit cards.

    Cheers!

    Reply
  25. RK Goyal

    Hi!

    pl let me know if entitle for 10X if load in amzon pay wallet ?

    Regards

    Reply
  26. ashu

    YesBank gave low Credit Limit on Regalia Card-on-Card basis to me…. just 20% of Regalia 5L limit…
    Whereas on same Card basis, IndusInd gave me a 5L limit….

    Now due to this 10X offer, I am already consuming nearly 60-70% of my limits….
    Hope, they increase my limit in future!

    Reply
  27. Lokesh

    Ola money now has stopped wallet to wallet and wallet to bank transfers for non KYC customers and limit also 10k only now. So we have to request for wallet upgrade for any money transfers and more limit.
    Not sure if the receiving person also needs to have a upgraded wallet in wallet to wallet transfers.
    Btw I will still load around 10k in ola money wallets for getting this 10x points.

    Reply

Leave a Reply

Your email address will not be published. Required fields are marked *