YES First Exclusive Credit Card Review – A Competitor to Infinia

By | December 16, 2016

Yes First Exclusive Credit Card stands above YES First Preferred Credit Card and is one of the most premium credit card available with Yes Bank for now. It looks like every benefit of the card is designed in such a way that its positioned as a direct competitor to HDFC Infinia Credit card, infact its better in many aspects.

While most of the super premium cards in India runs Visa Signature/Infinite variants, YES FIRST Exclusive Card runs on MasterCard network though comes with nice privileges.

  • Joining Fee/ Renewal Fee: Rs.10,000+Tax

YES FIRST Exclusive Credit Card benefits:

Reward Points & Signup Bonus:

  • 50,000 Points as Welcome Bonus = Rs.12,500 Value
  • 1 Point = Rs.0.25
  • Earn 10 Reward Points per Rs.100
  • Bonus: 25,000 Reward Points on achieving annual spend of INR 20 Lakhs
  • Overall Reward Rate: 2.5%

So you get equivalent amount of Points for the joining fee you pay. Though, unlike HDFC, you’re limited to few redemption options on their website. Best value if redeemed for flights. Else, you can also try all those perfumes for free πŸ˜€

Complimentary Hotel Membership:

  • Complimentary Taj InnerCircle Epicure Plus membership

This is nothing special. I’ve this membership availed using my HDFC Regalia and it helps to avail Early Check-in &Β  late Checkout which counts for some.

Golf Program by MasterCard:

  • Enjoy Waiver of Green Fee at select golf courses in India
  • Enjoy complimentary Golf Lessons at select golf courses in India

No idea about it. Yet to explore the Golf program across multiple credit cards.

Complimentary Lounge Access:

  • Β Unlimited Priority Pass lounge access (Add-on cards also)

This is one of the major feature if you happen to fly a lot in international sectors. Priority Pass now gives you access to 1,000+ lounges across the globe, all that at Zero cost with this card. On top of that, Add-on Card members also get unlimited access, which is quite rare. Learn more about the Priority Pass tricks here -> Β 5 Priority Pass Tricks that can Save You a Lot of Money

  • Unlimited Mastercard Lounge access to more than 30 lounges across Indian Airports (for Primary Cardmember only)

Apart from Priority Pass Programme, which is sufficient for accessing most of the lounges in the world, you also get unlimited access to Indian airport lounges which are under Mastercard Lounge network.

Looks like Mastercard has given many special privileges to this card, maybe they’re trying to match with Visa Infinite level of service.

YES ASSIST – Dedicated Concierge Services:

  • Car Rental & Limousine Referral and Reservation Assistance
  • Hotel/Travel/Restaurant/Events Referral and Reservation Assistance
  • Movie tickets assistance in New Delhi,Bengaluru and Chennai
  • Flower & Gift Delivery
  • Emergency Towing & Roadside Repair Assistance

All seems to be good, but not sure if they can beat American Express Concierge service.

Insurance Coverage:

  • Rs. 3 Crores Air accidental cover in case of death due to fight accidents
  • Rs 50 Lakhs cover on medical emergencies, while traveling overseas
  • Rs 10 Lakhs Credit Shield cover on accidental death of Primary Cardmember

Did you notice Credit Shield cover benefit? Its awesome feature which i’ve seen only on HDFC Infinia Credit card so far.

Impressive Finance Charges:

  • Foreign Currency Markup: 1.75%

Now, YES FIRST Exclusive Credit Card is the only credit card in India that carries the lowest Forex Markup Fee. Hey, but i’m enjoying 0% markup fee with this Indusind Debit card already πŸ˜‰

  • Revolving Interest Rate of 1.20% per month (for YES BANK account holders)
  • Revolving Interest Rate of 1.99% per month (for Non-account holders)

Seriously? 1.20% interest rate on revolving credit? its Unbelievable as such kind of interest rates are even rare when you go for EMI. Maybe they’re thinking that those who have access to such premium cards wont be stuck with outstanding’s πŸ˜€

So YES FIRST Exclusive Card is the Best credit card?

As you can see, except the ongoing reward earn rate of 2.5% as compared to 3.3% on Infinia, every other benefit is outstanding and is exceeding the expectations, like with Finance charges. In-fact 2.5% reward rate is quite better than most other cards in the industry.

I expect all services and reward redemption’s to be in par with HDFC because the loyalty program is run by the same company – “Loylty Rewardz Mngt Pvt. Ltd”.

Card on Card Offer: You can get this card Lifetime free if you have any other card with 5 Lakhs limit, 1 Yr usage and no late payment charges. However, you wont get welcome bonus points & Taj membership with this free variant.

CardExpert Rating: 5/5

What’s your thoughts on YES FIRST Exclusive Credit Card? Share your views in comments below.

70 thoughts on “YES First Exclusive Credit Card Review – A Competitor to Infinia

    1. Siddharth Post author

      Just updated about it.
      5L limit on other card can get you this card for lifetime free πŸ™‚

      Reply
      1. vikram2111@gmail.com

        Siddharth I have diners black, but yes bank is asking to me share card number of diners black in order to get this card with zero annual fees..but sharing card details made me bit hesitant so i hung up the call…do they ask for such details or it underlines some fraud

        Reply
        1. Siddharth Post author

          Yes, they do ask, this is to cross check with CIBIL report. It should be fine and safe. Else simply replace the card after applying πŸ™‚

          Reply
  1. Sanjay

    How can I apply with card on card offer. I tried on their website but they rejected the application based on salary (less than 50l)? There was no option of applying based on other card (I have regalia card with 6l limit).

    Reply
  2. Debajyoti Banerjee

    Hey Sid

    Debajyoti from Kolkata again. I got the yes first preferred lifetime free by card on card with my diners premium (3.09 lacs) . Yes Bank is new to CC and i must say the customer service is not upto the mark at this point. But then lifetime free and PP with 6 accesses !! (albeit just for me , not my wife). Over fast processing. But the point redemption options are very limited. Just like you mentioned .. adding up for perfumes only !!!

    BTW have applied for Diner Black on white paper , no upgrade form available in website. Hope they accept that under lifetime free category as i am strictly against paying for a CC !! Any idea whether Black will be issued or not ?

    Reply
    1. Siddharth Post author

      It also depends on various factors, like, other relationship with bank, card usage etc.
      Btw, i guess you can upgrade Preferred to exclusive card in 6 months or so with unlimited PP access.

      Reply
  3. suresh

    Hi Sid,
    I have a HDFC regalia card, tried to get diners black by sharing credit limit. Bank was not willing to provide both.
    i am planning to upgrade HDFC regalia to diners black(HDFC is ready to do this).
    and planning to apply for this yes bank exclusive credit card. any suggestions?

    Reply
    1. Siddharth Post author

      Certainly. You can upgrade and also take YesBank Exclusive card.
      Having both cards could be possible if you have higher limit.

      Reply
    2. Shrey

      Hi Suresh,

      What is the limit you have on your Regalia credit card? Also, what kind of relationship do you have with HDFC?

      I also intend to upgrade to the Diners Black, currently hold a Regalia with a 2.5L+ limit.

      Reply
      1. Suresh

        I have 6 lakhs credit limit on regalia, I don’t have any other relationship with HDFC

        Reply
    3. Abhishek Roy

      How did you contact HDFC regarding this? For any request, they till you to send a written application to Chnnai address and don’t even inform if your application for upgradation has been accepted or rejected. So, how did you manage to get a response from them that they are ready to upgrade your Regalia to Diners Black?

      Reply
  4. Prashant

    Should i get this one. I already have hdfc regalia, amex rewards and platinum travel and other cards from scb and citi. I can get this based on credit limit on my citi card it is Rs. 5.6 lakh. I am enticed only because it is free and premium.

    Reply
    1. Siddharth Post author

      You have to Prashant.
      Its a super premium card. Worth applying just for the Priority Pass Benefit.

      Reply
  5. priyanshu

    Hi Sid!

    I guess they just want existing credit card statment as a document for card on card offer.

    Reply
  6. Sanjay

    Thanks Sid.
    You don’t need to visit branch. I just applied on website with right mobile phone number. The application was declined yesterday, but today I got call from yes bank. I asked them about the offer and they agreed and will soon pick up my application and docs.

    Reply
    1. Siddharth Post author

      Sounds good. Looks like they’re pretty active as they’re new.

      Reply
      1. Deepak Agrawal

        Being the new entrant, Yes banks seem to be pretty fast in issuing the card however their marketing is very poor. Even their RMs are not aware about such offers so visiting the branch may not be of much use. It is better to leave your footprint through online application. I had applied online and got the call very next day however my RM told me that it will be paid card with annual fee of 10000/-. Finally I applied under card-on-card offer and got life-time-free Yes Exclusive card with limit higher than supportive card.

        Bank sent the card like a gift parcel box-in-box. It had priority pass included. The best part of this super-premium card is that it is Mastercard varient so will be accepted at most of the domestic lounges compare to very few lounges offered by VISA. The other benefit is that Mastercard has the lowest exchange rates compare to VISA and Diners Club. Diners club is worst in terms of exchange rate. Their Forex rate is 1.5% higher so effectively we pay same 3.5% exchange rate in Diners club card.

        Now Yes First Exclusive is going to be my primary card. Will share experience on offers soon.

        Reply
          1. Deepak Agrawal

            Thanks. I sent you the pictures over email. Yes Exclusive card has become my primary card due to 2.5% cash back in terms of RP. Now targetting to get Diners Black in my wallet.

  7. Balaji

    Hi Siddharth,

    Can you write an article about cashback cards that can be encashable?

    Reply
  8. priyanshu

    Hello Sanjay!

    If I may ask, what all documents they need? for ‘card on card’ offer.

    suppose i am not in a relationship with YES Bank yet.

    Reply
  9. Gagan

    I just applied for it and all documents were submitted today. Any idea how long it takes for delivery?

    Reply
      1. Gagan

        I got the card delivered today. Had applied on 20th Dec – came in big box with 2 cards – the credit card and priority pass. Thanks for the information basis which applied. Keep up the good job.

        Reply
        1. Siddharth Post author

          A snap of the card with package (nos marked out) would be great for other readers to see πŸ™‚

          Reply
          1. Gagan

            Ok…the card is back at home and am travelling…but could get 2 photos

          2. Siddharth Post author

            Gagan,
            Thanks, but they’re tiny.
            Appreciate a full resolution pic when you got time.
            You can mail me on sid[at]cardexpert[dot]in when its ready.
            So i can update the post accordingly πŸ™‚

  10. Prashant Gupta

    are there any charges for Dedicated Concierge Services. I am applying for the card based on existing card. Docs will be picked up tomorrow.

    Reply
  11. Abhishek

    One thing that I want to point is that, even though heir website says that the MasterCard lounge program is for the Primary Card Holder only, but in the list of the lounges and the terms document it’s clearly written that the Unlimited Mastercard Lounge access program is for the Primary Card Holder as well as for Add-On Card Holder also. So, I don’t know which information is actually true.

    Reply
  12. bala

    @Siddharth

    Hi,
    I have also applied for this card. Regarding your reward comparison with hdfc regalia i would say it is better than regalia. Because in rewards you directly redeem points for amazon coupons in rewards website and you buy anything in amazon using the coupon which give more options .

    Thanks
    V S Balaji

    Reply
  13. Parth

    Hey Siddharth, just wanted to drop in and wish you a Merry Christmas. Hope you have a good one! You website is informative and inspirational at the same time. Enjoy your iPhone and keep up the great work! Thanks again.

    Parth

    Reply
  14. Ashwin Iyer

    SO the Addon card gets Priority Pass ( Is it a different Issued card ) Or do we do +1 When we visit the Priority pass lounge?

    Ash

    Reply
  15. Saurabh

    card on card lifetime free.. for rewards cards only
    all the cash back cards are chargeable
    credit limit on existing cards needs to be 2 lakhs above..
    Applied for YES FIRST Preferred Credit Card yesterday very fast processing docs been collected already.

    Reply
  16. Phantom

    Hii Sid.

    First i will be very thankfull to you for your hard work and efforts to make this web more informative.

    I am holding hdfc regalia cc but waiting to invited by hdfc infina cc team but till time no callπŸ™‚.

    Hdfc regalia 5 years old limit is 6l..
    No late payment in 9 years old track of my first cc.

    I just want to ask is this card can really make On card to card basiss ? If i show them my statsments ?

    Reply
    1. Siddharth Post author

      Yes, you can avail it with Card on card.
      For Infinia, try requesting BM.

      Reply
    2. Gagan

      Just give one statement copy and copy of front of credit card. That should be sufficient and will work. I used Regalia only to get the Yes Card issued

      Reply
  17. Prashant Gupta

    Anyone got the card. I applied in 21st for exclusive card no communication yet from yes bank.

    Reply
    1. Gagan

      I just got card today. It was fast service, next day of application received call from Yes Bank.

      Reply
  18. Harish

    @Gagan,
    I am just thinking to apply for the card with my regalia cc, i do not hold an account in yes bank, so what are the documents required to apply for the card.

    Should we visit the branch to apply for it or call the customer care no where the request can be taken for the documents to be collected from me..?

    Reply
    1. Gagan

      Sorry, there is no way to get notification when someone replies and hence this was missed.

      I see that you already have applied and should get soon…Congrats.

      I had done all online on their website πŸ™‚

      No, don’t have any account with Yes Bank

      Reply
  19. Sayan Das

    Have the Yes Preferred LTF card. Any way to upgrade to Yes Exclusive LTF. The highest limit i have is 3. 5 on my Amex MR LTF card

    Reply
  20. Jitendra

    Sent you the pics.

    Is lounge access free for add on card holder as well?

    Reply
    1. Siddharth Post author

      Pics? am yet to receive any.
      Yes, its free for add-on cards as well via PP.

      Reply
  21. Karan

    Hi Siddharth,

    Thanks for ur write up, i managed to get the card yesterday, they picked up the documents on 24th december and i received the card yesterday at my residence, had matched it as card on card to Diners Black,

    Came in a bookshelf type box with the prioirty pass card and product brouchre

    Keep up the good work with your blog, thanks

    Reply
  22. Rahul Jain

    Hi,
    Just thought I could add some details here !!
    You can get a YES FIRST Exclusive Credit Card without having a 5L limit on the existing cards. You need to have an existing ICICI Bank Sapphiro or an American Express Platinum Card (Rs 50K annual fee) in good standing to be eligible for Life Time Free YES FIRST Exclusive Credit Card.
    Also, a maximum of 3 free add-on cards with respective Priority Passes can be applied and availed for as well !!

    Reply
    1. Siddharth Post author

      That’s an interesting information, especially ICICI Bank Sapphiro part.
      Thanks for sharing.

      Reply
  23. Manish

    Hi I am a yes first customer, they are offering me free lifetime and no joining fee on yes first exclusive card. But they are not offering me any welcome bonus points since it’s free for me. Is this ok?

    Reply
  24. Harish

    Hi Sid

    Thanks buddy, I have applied for the card at a bank branch, Yes First Exclusive was offerd to me with card on card offer with LTF. Expecting to receive in a couple of weeks.

    Reply
    1. suresh

      though i could add my experience here.. Received a call from yes bank customer care on 26th dec, after registering interest with yesbank. Documents collected on 2nd jan, card was approved and dispatched on 11 jan. couple of verification calls and visits to approve.

      Reply
  25. Vikram

    Even HDFC Infinia has a World MasterCard variant. There are at least 3 banks that I know offering the World MasterCard as their top variant. What’s actually on par with the Visa Infinite is MasterCard World Elite. But that’s not available in India and so these banks offer just the World Mastercard which is actually on par with Visa Signature. In the US, at least some time before, the Visa Infinite wasn’t offered. So those banks pitted Visa Signature against World Elite MasterCard variants of their own or competitors.

    Banks with Visa Infinite as their Top Most Variant
    =======================================
    (1) Standard Chartered – For Priority Banking Customers, currently free for life.
    (2) CitiBank – Citi Prestige Card, 20K annual fee, not very catchy in terms of benefits.
    (3) Axis Bank – Reserve Credit Card, invitation only.
    (4) Kotak Mahindra – Wealth Management Infinite, only for Wealth Management Customers

    Banks with Visa Signature as their Top Most Variant
    =========================================
    (1) SBI – Elite, Elite Advantage, annual fee is 5K
    (2) KVB offers a Visa Signature card in partnership with SBI.
    (3) BOB
    (4) IFBI
    (5) LIC

    HDFC in unique in offering it top most variant The Infinia in both Visa Infinite and World MasterCard variants.

    Banks with World MasterCard as their Top Most Variant
    ===========================================
    (1) Yes Bank – Yes First Exclusive
    (2) RBL – Insignia, Annual Fee is 5K
    (3) Central Bank Of India

    The above lists are just what I know. There are possibly more.

    Reply
    1. Siddharth Post author

      Thanks for your wonderful comments with insightful information Vikram πŸ™‚

      Reply

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