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
- 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
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.
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.