Hands on with YesBank’s YES First Exclusive Credit Card

By | February 5, 2018

I’ve recently got upgraded to YES Bank’s Exclusive credit card and here is a quick look into it. If you’re looking for features and benefits of YES First Exclusive credit card, please check out my full review here: Yes First Exclusive Credit Card Review. This article will be more about how i upgraded from Preferred to Exclusive card.

Yes First Exclusive Credit Card by YES Bank

YES First Exclusive Credit Card Upgrade Process:

I’ve been waiting for the upgrade to Exclusive Credit Card for quite sometime and I’ve prepared the stage to make sure the upgrade goes through if I request for and so it did. This includes high spends, increased NRV with bank, accepting temporary limit enhancement, etc.

Once I got into 6th month of My Yes First Preferred card, I dropped an email to YES First card team to look into the upgrade along with limit enhancement. Within a week, I was said that they’re looking into it and is subject to approval. Within another few days, my card has been upgraded and got hands on the card the next week.

Later the limit also got enhanced to match my HDFC Jet world credit card, though I expected even better limit as my NRV with YES bank is more than what I have with HDFC lately. Anyways, it’s still a good limit for a super premium card.

Side note: I’ve once exceeded the credit limit on my YES First Preferred card by mistake and the charge still got approved. Good thing is, Over-limit charge was not applied to my account, maybe because I’ve paid the the difference to card Ac the same day.

The Card: YES First Exclusive Credit Card

The box in which the card was delivered was much more superior in quality compared to Preferred Card Box and I’ve even kept it like a showcase piece in my workplace as the silky kind of box material shines a bit in daylight 🙂 I’m still not a fan of the actual card design but the new MasterCard logo looks quite good.

The package coms with 2 neat letters which talks about the most important feature of the card: Lounge Access. You get unlimited lounge access both via Mastercard & Priority Pass (Primary + All add-on cards) and you can also use your Priority Pass in Domestic lounges without any charges, though it maybe changed in coming months.

Having Unlimited Access to Priority Pass lounges is really a HUGE benefit even if you have Diners Black because Priority Pass covers all kind of lounges, including secondary lounges like those in Arrivals or in Landside. Hence, your PP visits always needs to be treated as precious ones.

In meantime, I was checking to see if my upgraded card is also LTF, but wasn’t mentioned anywhere in the package. No charges were applied yet, so it seems it remains as LTF, though, i have heard from one of the reader who was upgraded on payment of joining fee. So, it seems to be dynamic based on the profile, again like HDFC.

Here’s how unboxing of the package, the card and the contents looks like:

Yes First Exclusive Credit Card Box

Yes First Exclusive Card Unboxing

Yes First Exclusive Card Box in Dashing Red

Yes First Exclusive Card & Priority pass

Yes First Exclusive Card box contents

Yes First Exclusive Card Box shining – Closer Look

Yes First Exclusive Credit Card with Box

Reward Points Transfer:

This is by far the most important concern for me as I had good amount of points on Ac and want to make sure it gets transferred properly. I made the request for upgrade after receiving all bonus points so I don’t get stuck there with missing points. Infact I didn’t participate in recent spend based promos just not to make it complicated.

It takes approx. few weeks for the points to be transferred to new card and you need to wait until the first statement gets generated to use those points.

Note: Your Old card will be marked as “TRANSFER” and will still be visible on account, like in HDFC. So technically any bonus points should keep accruing on old card, but not sure how it works practically if you’re waiting on bonus points.

Increasing Chances of Upgrade:

  1. Increase NRV: At-least Yes First account (not zero balance ac) with high balance or other relationships with bank should help. This also helps them to give you a better limit.
  2. Spend more: The more you spend, the higher your chances of upgrade.
  3. Other Super Premium Cards: If you have other bank super premium cards, it’s an added advantage.
  4. Age of Card: At-least wait for 6 months as this is quite important for banks to analyse your account for upgrade.

I believe there is equal weightage of all the above to increase your changes of upgrade to YFE with NRV being the most important, without which its tough to make a strong case.

Apart from above, you can also get the card first hand if you’ve other bank card with 8L limit. Along with it, you may also need high ITR and good relationship with bank as it’s not easy as before to get YFE.

Bottomline:

Overall, the upgrade process works quite well even-though they haven’t come up with any upgrade process publicly AFAIK. That all said, i’m happy to have YFE for its decent base reward rate of 2.5% along with PP lounge access.

I got this card at right time that i was able to use it during my trip to Singapore & Malaysia as many online ticketing portals (to sight seeing places) accept only Visa/MC “Credit” cards and so YFE came to rescue with its low markup fee & 1% Cashback on International spends.

Hence, i’m having a very good time with YES Bank’s Yes First Exclusive credit card so far 🙂

Have you got Yes First Exclusive credit card either by Upgrade or on first try? Feel free to share your experiences in comments below.

92 thoughts on “Hands on with YesBank’s YES First Exclusive Credit Card

  1. Satish Agrawal

    Dear Sid

    Congrat on getting YFE for Exclusive person like you.

    Reply
  2. Mohan

    There is one catch on spend base reward points, if we spend 7.5 L on YFP will get 20K bonus reward points, for YFE we need to spend 25L to get 25K reward points, which is quiet difficult to get that spend base reward points.

    Apart, Unlimited Lounge access and their promos are good to watch…

    Reply
    1. Siddharth Post author

      Yes, that’s there. Would be great if it was 15L or so.

      But its too much to ask for, as Priority Pass itself would help save hell a lot 🙂

      Reply
      1. Vinod Kannan

        Its 20 L Siddharth… You have to spend 20L to get 25K additional reward point. BTW the only difference between yes first preferred n exclusive cards is d Unlimited Lounge access and additional 2 RP on every 100 spent… Does this justify the difference in annual fee between the two cards?

        Reply
        1. Don

          1. Air Accident death insurance cover is Rs. 1 Cr on YFP vs Rs. 3 Cr. on YFE
          2. Medical cover abroad is Rs. 25 lakhs on YFP vs Rs. 50 lakhs on YFE
          3. Credit shield cover is Rs. 5 lakhs on YFP vs Rs. 10 lakhs on YFE

          Hope you take into account above differences in YFP and YFE too.

          Reply
          1. Mouli

            Above all are applicable only when you book the flight tickets through YFE card

    2. Praveen Perumalla

      The benefit from the additional 2 RP by spending 7.5L using YFE over YFP is Rs.3750 ( or 15K RP). If you participate in their spend based promotions, the additional RPs earned using YFE would comfortable over take the 20K RP milestone benefit received from YFP. So if you are getting a free upgrade, then I feel one should go ahead with it.

      Reply
  3. Aman

    Congrats Sid

    Now that you have YFE, any other card to target for (other than 10x on Dinners)? YFE is my default card as I’m not finding spends on 10x categories of Dinners attractive to me. I even use YFE to pay for fuel via paytm. Gets me 3.25% return.

    Got a lot of (3x/2x) bonus points credited to my YFE Amazon vouchers and International spends cashback too all for spends in YFP from earlier.

    Only missed out marginally on 1 of the upgraded cards for the 7.5 lac spend 20k bonus points in one of my family member’s card. In case of upgrade, 7.5 lacs must be spent prior to upgade and not Anniversary Year wise.

    Reply
    1. Siddharth Post author

      Thank you Aman.

      My Diners is getting dust for couple of months as i kind of reached a saturation point on spending. I’m thinking about Diners Jet and others related to more of travel.

      Sad that you missed on 20k points. Did you request for the same? as i’m expecting it to kick in automatically post anniversary year.

      Reply
      1. Aman

        Hi Sid

        These are the facts: on 1 of my family members card the spend was 7 LACS at the time of upgrade to YFE. Before Anniversary Year was completed in December 2017 it exceeded 10 lacs. Asked in Jan 2018 for the bonus points. Reply was: not possible as Spend on YFP must be 7.5 lacs.

        So now I’m happy geting upgraded and using unlimited PP and higher reward rate. Plus lots of bonus points on promotions from time to time. I actually also got Rs.10k (cashback) into 4 persons (spends around 50k each) using samsung pay schemes with Yes bank cards. Sadly that has now ended other than 1 scheme on ICICI CARDS which I dont use nor is it attractive enough for me to aplly for ICICI.

        Reply
  4. Rahul Shrivastav

    Congratulations Sid !!

    I am sure you have your reasons but I cant fathom why you or Aman discard/ignore Diners even for 10 X. Any particular reason that I am missing ?

    Reply
    1. Siddharth Post author

      Thanks man!

      Its just that i can’t keep spending on 10X partners all through the year. With less travel in past 1 yr + Good amt of points stacked up already since 2016, i’m just refraining myself from buying things that i don’t need. And most importantly, i’m not buying anything for others to keep records clean.

      So its more of a personal choice 🙂

      Reply
    2. Aman

      Hi Rahul

      My major spend is on electricity bills approx Rs. 4.5 lacs monthly which does not accept dinners. This I collect from my tenants in cheque.

      Plus as per my knowledge Hfdc does not give amazon vouchers, which is what my redemptions are.

      Amazon pay allows me to use these gift cards to pay for household bils (dth, elec, water, mobile etc. Using NIKi.AI app ) and grocery directly from amazon.

      Hence I’m actually saving crazy amounts just by charging the big electricity bill onto my CCs and having to pay after 50 days interest free period at no extra charges. 😉

      Lets enjoy till the party lasts.

      Reply
      1. Sharad

        Which card are u using to pay Elec bills and which portal has no conv fee?

        Reply
        1. Aman

          Hi Sharad

          I’m paying directly at the electricity company website of UP. No charges. Plus there is the option of paying via Paytm too. Again no charges.

          The card of course is YFE.

          Reply
  5. Captain Bishuddha Bharatiya

    Congratulations.
    1. Did you provided Income documents and HDFC credit cards statements for upgrade ?
    2. What was your percentage of limit increase during upgrade ?

    Reply
      1. Abhishek Roy

        All communications happened over email including sending documents or did they come to pick up the physical documents?

        Reply
        1. Siddharth Post author

          Yes, all on email. No physical pick ups. They’ve enough info on the ac anyways 🙂

          Reply
  6. ANUGU RAVINDER REDDY

    Hi Sid,
    Congrats on the YFE. Are they still giving YFP through Card on Card process?

    Reply
    1. Siddharth Post author

      Should be, at-least for next ~2 years for them to be in the game 🙂

      Reply
  7. HTC Fan

    Congrats man! I got this approved on the basis of my Infinia card but got just 20% of the existing credit limit. Will try to apply for a limit upgrade after 6 mths. But a great card to hold and yes bank has a very transparent system of crediting rewards on spends! Something HDFC should learn from.

    Reply
    1. Siddharth Post author

      Thanks man! Cool.
      HDFC has systems to do it in a transparent way but they don’t do that on purpose. (Disclaimer: personal experience)

      Reply
  8. Satish Agrawal

    Dear Sid

    Whether you were YES First ac holder with them and what was the minimum AQB or NRV they asked to maintain for. Coz in my case they just asked for 5 lacs AQB and not NRV based. Maybe bcoz my YES First ac is relatively new.

    My RM tells they probably will start CC operations in UP in April. Hoping to get one in about 6 months time.

    Reply
    1. Siddharth Post author

      I wasn’t on YF. Had good NRV but just that i didn’t want to upgrade for time being.

      Reply
  9. Deepak

    Congratulations Sidh.

    Just wanted to highlight one more benefit of YFE- no rewards redemption fees. For YFE, redemption is completely free.

    Reply
  10. Mohan

    Can you share your credit limit on the old YFP card and your average monthly spending on it so that we can assess out chances of upgrade? Thanks!

    Reply
  11. Jay

    Congrats Sid!! Just sent an email for upgrade request after reading your article. Hope they consider mine for a upgrade. I have already spent nearly 10 Lakh this FY on my Preferred Card.

    Reply
  12. Sakthivel

    I have been waiting for YES to start offering cards in my city and they are offering now. My income is not eligible for the YES preferred but I have two cards with more than 3 lakh credit limit and i would like to apply for YES preferred through card on card offer. But in online only income criteria is checked, is there any other mode for applying for card on card offer?

    Reply
    1. Siddharth Post author

      It depends on the profile, as i mentioned in the article.

      Reply
  13. Gouri Shankar

    Congrats Siddharth,

    I am regular reader of this blog. A lot of useful informative one.

    Reply
  14. Mihir

    Did they ask for any additional documents?

    What’s the best way to reach HDFC for upgrade? Any email or phone only?

    Reply
    1. Siddharth Post author

      No.

      RM always as they can t easily reject requests coming from imperia/preferred RM’s. If not by email.

      Reply
      1. Abhishek Roy

        My experience was exactly opposite. My RM was good for nothing. Whenever, I would ask for a possibility of upgrade, he would ask me about my salary meeting criteria and would say later that he tried but nothing happened. In the end what I understood was that he was conveniently ignoring. We later just filled up the forms and sent to Chennai. I got upgraded to Diners Premium from Diners Rewardz and my wife got upgraded from Regalia to Diners Black.

        Reply
        1. Siddharth Post author

          Yes i hear that often. Maybe as i’ve access to BM, it seems to work the right away.

          Still, it doesn’t work all time. For ex, one of my family card is still stuck with Diners premium for ~2 yrs. The major difference is NRV of that a/c.

          Reply
    2. Prashant Gupta

      For me it was the upgrade form. Send it to chennai with relevant documents and if every thing is right u will get upgraded.

      Reply
  15. Balpreet Singh

    Hi Sid,
    Congrats. You got upgrade in 6 months, great.
    Was there any ask on Monthly Income from you? Coz my BM has been saying no to me for upgrade only basis Monthly Income criteria. As per him, no other criteria, they check. I have tried reasoning out about NRV ( like you wrote) having a Yes First account and also told him about HDFC Diners Black.

    Again asked my RM to pursue my case.

    A mail to Card team directly will help?

    Will upgrade criteria differ from region to region( city to city) ?

    Regards,
    Balpreet

    Reply
    1. Siddharth Post author

      Yes, you should email to YF team as BM doesn’t know much about CC operations as its all new for them. No Qn on income. NRV is primary – the higher the easier it gets.

      Reply
      1. Balpreet Singh

        Thanks Sid.
        You wrote email to YF Team? Is there a separate mail id that you are aware for YF.. What I know are generic mail id yestouch or yestouchcc( for credit card)

        Regards,

        Reply
          1. Balpreet Singh

            Hi,

            Sent a mail. Got a reply with stating there is no Policy to upgrade cards in Yes Bank. Hence they cannot consider my request…
            Don’t understand how they operate selectively..

            Balpreet

  16. Mouli

    Congrats Sid.

    What was the limit you had in Yes First Preferred Card ?
    I am holding Preferred card for 9 months and had spent around 10 Lakhs and my card limit is 1.5 L only, though I applied card on card basis with my HDFC Diners Black
    I am having Yes First Savings account also
    I have placed request for upgrade to Exclusive card last week & I am asked to wait for few more months
    I don’t understand the logic they are following for upgrade. I planned to escalate this to nodal officer
    All Yes First World Debit card holders are eligible for Exclusive card , that’s what mentioned in the Welcome Kit of Yes First Bank Account

    Reply
    1. Siddharth Post author

      My limits were in line with the Premium/super premium cards. High NRV is the key apart from Spends. Consider adding FD/RD/MF/savings/current a/c balances to the mix.

      Reply
  17. MOHAMMED ABDUL WAHED

    He’ll,
    My hdfc money back card hasn’t get any limit enhancement or card upgrade offers,
    It is almost 8 months complicated,
    My spend till now is 4lac in 8 months,
    Should i drop a mail to them for limit enhancement and card upgrade,i have a itr of 6lac.
    Replies appreciated.

    Reply
    1. Siddharth Post author

      Yes you should. But as we spoke on this earlier, reduce your outstanding to ~30% range for better success.

      Reply
  18. Arjun

    Friends Good News : We can convert Yes Bank Debit/Credit card points to cash via max under redemption option of Mobikwik(Catch:You cannot takeout the cash but can use it for recharge anyways). Actually a lot of PSU Bank card points also can be converted to cash via max.However the catch is it has a very measly limit of converting points per month to cash.We can also convert payback points to cash via both mobikwik and oxigen wallet.Hopefully this info will be helpful to all.Not sure if it has been shared before by anyone in any other thread.

    Reply
    1. Aman

      Hi Arjun

      Please explain in some more detail regarding Mobikwik & Max. How much can you convert? Also converted amount is Supercash (only 10% to 20% can be used in a transaction ) or as good as money added (100% allowed)?

      Reply
    2. Arjun

      *Just to add it seems only for Debit cards since the credit card partner page doesn’t mention it but guys give it a try and check because i dont think they can differentiate.Also Checked that any number of points of these cards can be redeemed as cash in mobikwik wallet

      Reply
    3. Sakthivel

      Amazon gift vouchers is the best option. Amazon pay also can be used for recharge and bill pay.

      Reply
  19. Prashant Narayan

    Hi Sid

    I am going to apply for the YFE using ITR/salary slip. However my credit score is only 780. I have no debts and just one other high usage credit card. In addition, my employer name isn’t listed on the Yes dropdown, nor do I have a relationship with them. Do you think it’s worth applying for it, even though I qualify via ITR?
    Thanks

    Reply
    1. Siddharth Post author

      Hard to answer with less info!

      But its a super premium card and is totally worth it for many. Maybe a branch visit would help.

      Reply
  20. Devendra

    Siddharth,
    What all banks are giving credit card, Card on Card basis like YesBank?

    Reply
  21. Prasenjit

    Hey Sid,

    Can I use my Yes First Preferred and PP cards together to get comp lounge access in domestic airports for me and my spouse? Will the lounge accept two cards from one person?

    Reply
  22. Praveen Perumalla

    Congrats, Sid!

    I got my upgrade processed a month back after holding the YFP for 10 months. I made ~8.5L spend, over shot the CL once, made single swipes of 1L+ twice, had 3 monthly statements billed with nearly 80 to 90% of CL, always made payments on time, participated in almost all their spend based promotions, have a yes bank zero balance savings account ( I literally keep it at zero balance) with YF world debit card.

    I didn’t ask for an upgrade, but they themselves offered an upgrade along with a CL increase. So what I concluded is to spend more and pay regularly and the upgrade will happen automatically.

    Reply
    1. Siddharth Post author

      Wonderful.
      I think you’re the only one who got the upgrade invite 🙂

      Its still surprising to have received the upgrade despite zero balance!

      Reply
  23. Atul

    As always !! Great Insights from you Sid. Thanks there.
    But somehow my YES Prosperity Edge they have not been upgrading to YFP. Spoke to customer support like 4 months age of YProsperity edge card to which they replied UPGRADE program has not been rolled out yet. Got the same reply that they are tesing the upgrade program and will rollout in short while ,even when I was already 6 months into their system with YES PRospertiy EDGE card.

    Metrices : Had 20-30% Utilisation rate on my Pros. Edge card for last 4 months.
    Have a Savings Account on AutoPay to card. High balances not been maintained in Savings account though. Almost finished my 7 months with edge card without payment delay/default. Still wonder why whats wrong with my upgrade request from Prosperity Edge to First Preffered. 🙁

    Reply
    1. Siddharth Post author

      “High balances not been maintained in Savings account” – I think you have the answer already 🙂

      Try to request if you’ve other bank cards with 3L+ limit.

      Reply
  24. ashish

    Is the unlimited lounge access only domestic?
    I recently used priority pass that came with me YFE card at Bangalore International terminal lounge. Will I be charged?

    Reply
  25. Kush

    Hi Sid,
    Thanks for sharing your experience. I also got upgraded to Exclusive this week but my limit is still the same. How much time it took for your limit to change? Or did you send another mail to remind them to enhance your limit?

    Thanks

    Reply
    1. Siddharth Post author

      It didn’t happen until i reminded them. Seems they do one thing at a time.

      Reply
  26. Prashant Narayan

    One more question about priority pass and mastercard.

    Can I use my PP for access for my partner, and my mastercard for my access on such cards? Aren’t these linked to the boarding passes?

    Thanks

    Reply
  27. Mrinal T

    Hey Sid,

    congratulations on your upgrade to YFE…welcome to the YFE league

    it been almost 6 months using the YFE , a gr8 card , especially using the reward points for redemption on amazon , now that BMS accpts amazon pay , most of my movie tickets are taken for free.

    i got upgraded to HDFC infinia , and they gave me a real good limit , which makes my YFE limit look like peanuts.. do you suggest i pressure Yes bank to increase my limit to match Infinia limit ?

    Reply
    1. Siddharth Post author

      You should probably get a good LE if the NRV with Yesbank is also good. Else i doubt, as giving very high limits like Infinia on YFE with less NRV is a high risk to the bank.

      Reply
    2. Captain Bishuddha Bharatiya

      Hi Mrinal. Can you tell us credit card enthusiasts how much limit you have in YFE ?
      Also how much limit yoi have in your HDFC Infinia ?
      From how many years you have HDFC credit cards and what other relationships you have with HDFC ?

      Reply
  28. Jay

    Thank you so much Sid!! Just got upgraded to YFE within 2 days of email to Yes First CC Team. They have automatically enhanced the limit with 20% of the current limit. My another concern now is the bonus points and also the annual spend bonus as I have crossed 7.5l limit already in YFP Card. They credit the 20k Bonus points only at the end of one year of the card setup date.

    Reply
    1. Siddharth Post author

      Yes, that’s right. I’m waiting on that as well. Hope it kicks in on time.

      Reply
      1. Praveen Perumalla

        I am waiting for the same and my anniversary date is in Feb. I can confirm towards the end of the month.

        Reply
    2. Balpreet Singh

      Congrats Jay.
      Want to understand your relation with Yes Bank. Just CC or Yes First( with a high NRV) Haven’t been able to decipher their criteria of awarding upgrade.

      Reply
      1. Jay

        My Spends were very high and NRV on SB Account too was high from last six months.

        Reply
  29. Ram Chaitanya

    Good review! Can you exchange the bonus points for miles or only as discounts on purchases?

    Reply
  30. Arjun Mahajan

    The upgrade process can be done over the phone by calling the customer care. They do their back-end profile check and let you know if you’re eligible or not.

    I tried it for 2 cards in my family and my opinion is that it is based more on the NRV one maintains with the bank.

    Card with less spends relatively out of the two last year (around 8L) but much higher NRV with the bank got an instant upgrade.
    Card with much higher spends last year out of the two (around 20L) but lesser NRV relatively with the bank didn’t get an upgrade even after escalating the request.

    Reply
    1. Balpreet Singh

      My experience is that NRV they didn’t look at. Spending probably they consider more ( at least for me)

      Seems they aren’t consistent with their criteria

      Reply
  31. varun

    My yes exclusive request has been denied by Yes bank. I mailed them for the upgrade from yes preferred to exclusive variant. I was holding preferred card over 8 months and the total spend during this period was over 14 lacs. I also maintain a Yes First account with balance of around 2.5 lacs in it. The response I got is do not meet their criteria for upgrade.

    Should I further reach their grievance cell or should I try upgrade after 6 months.

    Reply
    1. Siddharth Post author

      2.5L is too low. They expect in ~10X range of that for YFE.

      Reply
      1. varun

        Should I deposit 10 lacs in my YF saving account,and again ask them to consider for upgrade request. They didnt told me about this criteria in their response mail. I wont be keeping the money for long though and will remove later.

        Reply
        1. Manav

          At least with an NRV ( saving account + shares+ MF investment via Yes Bank) of 25 Lacs plus they are not offering upgrade from YFP to YFE. Tried to escalate, however that also didnt work.

          Diners Black with 3.3% is anyways more than 2% return that YFE gives. So that way, diners as of now seems to me as my Primary choice. YFP can be a good 2nd pref where Diners doesnt work

          Reply
  32. Mouli

    What is the starting series of Exclusive card , is it the same 5363 as of Yes First Preferred or different one ?

    Reply
  33. Shankar

    Hi,

    I stumbled on this site while browsing and liked it a lot. Not sure, if this is the right forum, but have a question and any advise is appreciated. I plan to travel with my family. My wife and I have lounge access with our coral credit card (domestic access) and I have priority pass (regalia). How can I get access for my children, should I pay for them or can they be allowed on our cards (if we still have the allowed quota). Is there any chance without paying for them in lounge. Finally, very good work in sharing valuable information with everyone. Thanks again.

    Shankar

    Reply
  34. Dhruvil Patel

    @sharathkumar anbu
    By 10x siddharth means 25 lakhs not 10 lakhs.

    @manav by which mode(phone,email,branch) u went for upgrade??

    Reply

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