Yesbank seems to have rolled out some personalized offers to SELECT customers wherein they can get accelerated points on spends made during 22nd August 2017 to 31st August 2017. I do hold yesbank preferred credit card but i haven’t received any message on this yet. Maybe their automated system decided that i don’t have the capacity to spend as i’ve swiped it for just Rs.100 so far 😀
Yes Bank Credit Cards – 10 Days Festive Spends Bonanza
As part of the ‘10 Day Festive Spend Bonanza’ the Cardmembers have been assigned 2 levels of Spends targets on their Credit Card. On meeting the assigned targets the Cardmembers can earn accelerated RP’s during the Offer as per the below structure:
- Maximum Cap: 1,00,000 Reward Points
- Spend Duration: 22nd August 2017 to 31st August 2017
- Offer Fulfillment: 31st October 2017
#1 Yes Prosperity Credit Cards – 3X & 5X Reward points
#2 Yes First Credit Cards – 2X & 3X Reward points
So the accelerated reward Rate for Yes First Credit Cards on hitting 3X target goes like this:
- Yes First Preferred: 6%
- Yes First Exclusive: 7.5%
- Savings in Value: Rs.25,000 (Rs.4.2L Spend on YFP & Rs. 3.35L on YFE)
That’s quite high to spend, but this is by far the best in industry and stands next to Generous Diners club 10X reward points Promo. Its a quick month end promo to raise the “spend per card” parameter for the month/quarter.
Yesbank seems to be very aggressive in credit cards business. Future seems to be so good. Its the new HDFC in making, at-least in reward points perspective. Hence, if you’re still thinking to apply for YesBank cards, apply one now.
How does the Offer work?
(The below scenarios are for illustration purposes only, actual targets will be different for each Cardmember)
For example, a YES FIRST Exclusive Cardmember has been assigned a customised Target 1 of INR 20,000 and Target 2 of INR 40,000. The below scenarios may arise :
- Scenario 1
If the Cardmember spends INR 30,000 (greater than Target 1) : As per the standard product RP rate of 10 RP/INR 100 the Cardmember shall earn 3,000 RP, but during the Offer Period the earn rate would be 2X and the Cardmember would get a total of 6,000 RP against their spends
- Scenario 2
If the Cardmember spends INR 50,000(greater than Target 2): As per the standard product RP rate of 10 RP/INR 100 the Cardmember shall earn 5,000 RP, but during the Offer Period the earn rate would be 3 X and the Cardmember would get a total of 15,000 RP against their spends
- Scenario 3
If the Cardmember spends INR 10,000 the Cardmember shall earn 1,000 RP as per the standard product RP rate of 10 RP/INR 100 and would not be eligible for the Bonanza Reward Points
Now the qn is, what happens to others those who havn’t received the SMS/email like me?
I’ll update the article once i get more info- as the phone banker says that their systems may have full info on this by tomorrow morning – 23rd Aug. Make sure to like us on Facebook for instant updates.
Until then, those who have received the offer – Happy 100k Reward points 🙂
- Update: Those cards that are setup on/before July 31st are only eligible for this offer. (1 month vintage required)
- Update: Offer re-started again: Sep 20th – Sep 30th. Minor changes done to terms. Check source here.
Source: 1 & 2. Thanks to Varun for sharing the offer. Others, did you receive the Offer SMS? Feel free to share in comments below.
Very lucrative offer.
In 6 month I have spend just Rs.7500/- for extra welcome rewards, however today I received my target of 3500/- & 5000/- .
Thanks for the Numbers. So targets are around 50% and 75% of old spend (most likely)
I Don’t think so. I have barely spent 1000 so far in aggregate. I have a 10K & 15K target. Guess it will be a combination of few factors
Please all note that points will be credited by 31st October. 😀
Is it valid on insurance payment as well?
Yes, it is. I had confirmed this.
For my yes first preferred card 3x target is 15000 and 2x is 10000. I feel it is fair target and easily achievable. This is now my main card after i spend 20k on Amex MRCC that give me more than 10% value back considering movie blockbuster program. I hold HDFC diners premium card too, i am unable to understand whether continue the same or surrender it as i dont see any utility after 15th August devaluation? Any suggestions??
Just hold as long as its free.
I have the YES First Preferred Card but didn’t receive any notification for the offer.
I have both yes prefered and yes prosperity edge, but have not received the sms or email.
Was it setup in August?
Prefered was in august but prosperity edge is around 3 months old.
Both in same name?
This offer seems to be only for a/c’s opened until July 31st. Check with Phone Banking for PE.
Yes prosperity is in my wifes name as i told you earlier they goofed up and did everything for prosperity and issued prosperity. Here i will mention one thing they sent me a scan copy of form and mitc with firged sign of my wife. My wife never signed that form but i dont wanna probe any further. Many things happened during that the sales rep suspended, his senior in bank rounded up he pleaded with us to take back our complaint etc.
The prefered card is in my name.
Hey it is everything for prefered and issued prosperity.
Plz correct sorry.
are both cards in the same name???
Awesome info!! and as usual, very crispy article. Kudos for your efforts.
Received sms yezterday. 2x and 3x for 10k min spends and 15k for Yes Exclusive. Luckily i have a hefty car insurance to pay…..
I have preferred but haven’t received any communication. Just sent an email to customer care to confirm.
Will update here once I receive something.
I have Preferred CC and haven’t received any such notification. I am using this card from last 2 months and spent around 1L.
Good timing for me. Have to pay my insurance and a few hefty hospital bills and should easily spend a lakh.
I am also using Yes Preferred card for last 3 months and spent around 1.5L but haven’t got any communication regarding this offer
Callup Phone Banking and let us know what they say for your case.
They said its only for Selected customers, I asked them what is the criteria based on which you select the customers for this offer ?
No Clear Answer from them.
My guess is whoever spent more on this card in short time are not eligible for this offer
Yes, that maybe the case too. The very reason for the offer is to increase spends per card/customer. So it makes sense.
I have this YF Preferred card since April. Didn’t get any mai for this offer.
I have spent some decent amount in Apr- June time frame. Is that the case that I didn’t get as I get to understand…
Asked the Branch RM. He will get back. As of now seems the branch RM are not aware.
Mouli, it’s not the case I have spent more than 10 lac in 2 months on this card and still got the offer.
Ankur, are you holding exclusive card or preferred card?
@Mouli exclusive one
Interesting, what are your targets btw?
I too have spent more than a lakh on this card in past 2 months (as this is my primary card with Diners Premium limited to 10x partners) or so and I have received this offer.
Limits: 3x – Rs. 19,500 & 2x – Rs. 16,300
Well I got offer of 3x on spend of 45400 and 5x on spend of 54500 on Yes preferred credit card. I received my card end of June this year. Since then spent around 1.2 lacs on it.
I hold Yes First Preferred card, but i did not receive any sms. I also do hold HDFC Diners Rewards with 10X rewards at amazon. Can i upgrade this card to Diners Black? Any Possibility?
Why there is no info about Kotak Credit Cards? I would like to know more about them.
Varughese. Kitak card are simply useless. U can go to their website and use your own mind.
I didn’t get this offer but after calling customer care also no use, I wrote strong mail to them then I got the offer .But they said offers ends on August 30 but here its mentioned as August 31st
” Dear Mr. Moulieswaran E,
Greetings from YES BANK.
This is with reference to your e-mail dated August 23, 2017 regarding YES BANK Credit Card.
We wish to inform you that you will earn 2 times the reward points you spend INR 60500.00 and 3 times the reward points if your spend INR 72600.00 between August 22, 2017 – August 30, 2017. Please note, fuel transactions will not qualify for bonus rewards points. You can earn maximum 100,000 bonus reward points. “
This is interesting. But they never replied to my email yet!
i had written a simple mail to [email protected] at 5.27 pm that i did not get such offer and by 5.45 pm i recd the offer mail.
i was happy to get such a prompt response.
Strangely, my email wasn’t responded for 3 days!
I asked my Yes Bank RM.. Seems he pushed for it ( I have a Saving a/c with them).
Initially he too was told that its only for “specific clients”. I had coaxed him to push my case hard..
I got the mail yesterday late evening. Targets for me are 2x – 21 K / 3x – 24.5 K.
I don’t have a good experience with Yes Bank customer care team ( bank / credit card) I go thru the branch ( RM / Branch Mgr) They are able to push the case better as I see.
I received the email today for both cards. On prosperity it is 5x and 3x for prefered it is 3x amd 2x. But it is till 31 august so pratically only 5 days left out of 10. They should have communicated it earlier.
I got a mail today.
Earn 3X Reward Points Spend Rs. 21500
Earn 2X Reward Points Spend Rs. 17900
Offer valid till 31st Aug. Not much helpful as jaldi any days left.
Me too got mail today with target 1 3500 and target 2 of 7000 for prosperity cards!
I got a sms on 23rd for my Exclusive card stating:
Dear Valued Cardmember, Spend Rs.78300 & get 3X Reward Points or Rs.65300 & get 2X Reward Points with your YES FIRST Credit Card.Valid from 22-31 Aug.
Strangely these guys have put target for me as quite high, mostly I can see targets are in rage of 10-20k…really shocked to see this much difference. Dont know what these guys are upto.
I hold the Preffered Card.
I received the SMS about the offer some 4-5 days back, but the email is received only yesterday.
My offer is as below:
2X threshold – INR 28800
3X threshold – INR 34500
i have outstanding bill against my yes bank preferred card of Rs.5990/-due on 5/9/17 and appx 20000/- already spent after bill generation but before 22 aug.
i want to confirm if i pay 5990+20000 immediately say today then can i spend my total credit limit of Rs.50000/- before 31st Aug and will i get 3x on same?
please confirm asap.
thanks in advance.
Is this offer applicable for EMI Transactions? I am not able to get this information anywhere
What is Yes First World Debit Card Rewards Structure?
YES first credit cards are giving 2X reward points for online spending of 5000 or more. Offer valid from 11th 20th Sept,2017.
Max bonus reward points capped at 10000 points.
Is this applicable for all Yes FIRST (Preferred / Exclusive) Credit Card holders??
Any T & C Link
Finally got sms for this 22-31aug offer. Points credited & will reflect in next statement.
New personalised offer on yes bank 3x /2x for 17 to 26 Nov 2017.