Yes Bank has become talk of the town with it’s re-entry into the premium credit card space after many years. They are not only rebranding their existing credit cards but also introducing new products along the way.
One such newly launched super premium credit card named Marquee is what we’re exploring in detail here.
Table of Contents
Overview
| Type | Super Premium Credit Card |
| Reward Rate | 2.25% – 4.5% |
| Annual Fee | 9,999 INR + GST |
| Best for | Online Spends |
| USP | Redemption without 70% restriction |
If you’re looking for a super premium credit card that has easy and simple redemption options without any restrictions, then you’ve arrived at the right place.
Joining Fees
| Joining Fee | 9,999 INR + GST |
| Joining Fee Reversal | – |
| Welcome Benefit | 40,000 Reward Points (10K INR value) |
| Renewal Fee | 4,999 INR + GST |
| Renewal Fee waiver | On spending >10 Lakhs |
| Renewal Benefit | 20,000 Reward Points (if fee is paid) |
While Yes Bank has the Joining fee waiver option for most cards, Yes Bank Marquee Credit Card doesn’t come with one unfortunately.
Design
On a quick look, Yes Bank Marquee Credit Card feels premium and fortunately the Visa logo unlike the Mastercard logo is subtle and didn’t spoil the design.
That said, the card seems to be issued only on Visa Infinite platform for now.
Rewards
| SPEND TYPE | REWARD POINTS | REWARD RATE | Max. Cap |
|---|---|---|---|
| Online Spends | 36 / 200 INR | ~4.5% | 1,00,000 |
| Offline Spends | 18 / 200 INR | ~2.25% | – |
| Select Categories | 10 / 200 INR | ~1.25% | – |
- Select Categories: Rental Payments, Wallet loading, Recharge & utility bill payments, Insurance, Education and Government payments
- Max Cap for Online spends: 100,000 points/ Stmt Cycle (~5.5L spend equivalent). Post this cap, earn rate will be throttled to offline reward rate.
So it’s clearly a pretty good card for online shopping spends and so makes sense if over 70% of your spends are done online.
Note that the subscription plan to earn additional accelerated rewards is not available on Marquee/Private credit cards.
Forex Markup Fee
- Forex Markup Fee: 1%+GST = 1.2%
- Net gain (online spends): 4.5-1.2 = 3.3%
- Net gain (offline spends): 2.25-1.2 = 1%
For International “online” spends, Yes Bank Marquee Credit Card comes with low markup fee at this fee point and is the highest rewarding credit card in the country, assuming one is not into airmiles.
For international “offline” spends, it is as good as HDFC Infinia (without Global value program) and that is decent enough.
Redemption
- Flights/Hotels: 0.25 INR / point
- Vouchers: Upto 0.25 INR / point (on some vouchers)
One of the advantage of Yes Bank Marquee Credit Card is the ability to redeem the points directly for flights/hotels at their revenue rate, so you don’t need to hit your head against the walls to make the most out of your “miles” with other cards.
While each has it’s own advantages, some cardholders just don’t have time for that. If that is the case, these direct redemptions comes handy.
On top of that, some gift vouchers are also available at 25ps/point value which makes it slightly better than the Yes Bank Reserv Credit Card.
Airport Lounge Access
| ACCESS TYPE | VIA | LIMIT | Guest Access |
|---|---|---|---|
| Domestic (Primary & Add-on) | Visa / Mastercard | 6/Qtr | 2/Qtr (shared) |
| International (Primary & Add-on) | Visa / Mastercard | Unlimited | 2/Qtr (shared) |
With Yes Bank Marquee Credit Card, you get access to domestic & international lounges for both Primary and Add-on credit cards.
Remember that for international lounge access, the card can be used directly instead of additional Priority Pass.
Guest access of 2/Qtr is also available on the card shared between both domestic & international lounge access.
It is to be noted that YesBank cards are one of the few to give access to the arrival airport lounges in BLR, so that’s an additional advantage to consider.
Golf Benefit
- 4 Games per Year (max: 1/month)
- 1 Lesson per month
While the card doesn’t have the Golf program directly with the bank, you can still avail the Golf benefit on the card via Visa & Mastercard benefit.
Other Benefits
- Purchase protection: Insurance cover of upto INR 50,000 against accidental damage for 6 months for mobile & electronics purchased online
- Bookmyshow Offer: Buy 1 Get 1, upto 3 tickets per month (upto 800 INR discount per ticket)
Purchase protection is pretty new to Indian credit card industry but good to see that Yes Bank has added it to Marquee.
Bookmyshow offer is also pretty good and it is certainly useful, as I’ve used similar offer back in time with ICICI Emeralde Credit Card.
Reserv vs Marquee
The Yes Bank Reserv Credit Card gives same return on spend for online spends with the paid subscription plan. So if you want to hold your LTF status on Reserv and get good reward rate on online spends, then Reserv is sufficient.
But it’s been such a pain to handle the subscription plan on Reserv lately, so for most, Marquee is a better choice with better benefits.
Moreover, as Marquee has a relatively high fee, the product may last a little longer with fewer devaluations.
Should you get Marquee?
If you prefer a low forex markup fee, priority pass for add-ons, and make most of your purchases online, then it absolutely makes sense to go for Yes Bank’s Marquee Credit Card.
The card not only gives higher reward rate but also comes with a lower renewal fee for the segment.
That said, if your online spends are on lower side, you may even explore the SBI Cashback Card that gives 5%direct cash back on online spends.
Eligibility
- Salaried or self employed
- Net Salary of >3 Lakhs per month (or) Income Tax Return of >24 Lakhs
While the above applies to offline physical application channel, chances of you getting the card is high if you’ve other credit cards with higher limit (>5L) reported to CIBIL.
How to apply?
- Online: On Yes Bank Website
- Branch – Digital: If you share OTP along with other details like PAN, they can remotely apply it on behalf of you.
- Branch – Physical: By signing physical documents
Ideally applying online by self works pretty smooth for most but if you feel otherwise you may go for the digital application via branch.
However, if you’re not eligible for the card via above 2 modes, then you’ll need to go for the physical application.
Onboarding Experience
The Yes Bank Marquee Credit Card seen here was applied for a family member via “branch – digital” route and the onboarding was super smooth.
Application: You share the OTP & PAN to initiate the process, they ask to confirm home/office address (all picked from credit report) and you’re given the eligible card to apply for. To confirm, share OTP and you’re done. This takes about 5 mins.
Video KYC: VKYC can also be arranged easily as it’s handled by the same team, different executive though. This takes about 5 mins.
Then it took 3 days for approval and another 4 days for delivery. I was surprised to see that Yes Bank has such an amazing onboarding experience with quick approval and card delivery. This is just as good as Amex/IDFC I would say.
Only downside with digital onboarding is that system doesn’t show you multiple options to choose from. As in, bank could probably show Reserv & Marquee for this profile instead of forcing Marquee only.
Bottomline
- Cardexpert Rating: 4.8/5
Yesbank’s newly launched Marquee Credit Card is a pretty good Super Premium Credit Card especially if your spends are largely focused online.
But the downside is, Yes Bank doesn’t have the ability to transfer points to international airlines/hotels. So if you’re not into airmiles and looking for only vanilla rewards, Yes Bank Marquee Credit Card can do wonders for you.
This is undoubtedly one of the best credit cards in India for 2024.
Caution: It is to be noted that YesBank’s Credit Card features/benefits are seeing frequent changes ever since the Yes Bank scam broke out, so expect anything, anytime.
Do you’ve Yes Bank’s Marquee Credit Card? Feel free to share your experiences in the comments below.
There is a mistake. Joining bonus 60k points, not 40k. Value is 15k not 10k
Thanks, just updated.
It’s 40k now.
This seems to be very nice card
Is it better than axis atlas or amex travel plat
Sid, still waiting for your best CC Post. Taking too long.
Kindly wait for 1 more week max.
Thank you so much!
Can we apply on c2c basis.. Possibility of approval when statement of infinia and magnus with 15Lakh CL is given
Can I apply this online as second yes bank card ?
From what I checked with Yes RM, it is one card per Customer (exception virtual RuPay cc)
Anyone has good recommendations for rupay credit/debit card for UPI payments
IDFC first Power+
I already have another yes bank cc barely used. Usually the website hasn’t accepted request for an additional card. This time the request was accepted some 3 weeks ago. I qualify basis the qualifying criteria. What is the possibility of the card being approved.
Pls share with us if you get one 🙂
Do not wish to lose existing card which is LTF by applying this 😬
Got rejected 🙂
Oh.. no Marquee for me then 🙁
Same dilemma. I just received a whatsapp message from Yes Bank offering me this card if I upgrade from my existing (basically unused but LTF) Yes First Preferred card. They are offering joining fee waiver as well.
I am not a high spender so I can never hope to avoid the annual fee, which is really high for someone like me. Is this going to be really worth it?
Sid, this card also has 8 complimentary guest access per year to both domestic and international lounge access.
I was searching for this info but couldn’t find before. I can now find it on the digital benefits guide.
So it’s 2/Qtr, wish it’s simple 8/Yr instead.
But looking at how things work, chances of getting separate 2/Qtr for each primary/add-on is high.
Sounds like a generous card that can be acquired by only paying gst effectively. Bookmyshow benefit is good for gold/VIP tickets, and it’s one of the few cards which offer roadside assistance. Only factor to watch out is the value of RPs as Yesbank tends to devalue them, however that happened when the bank nearly failed. Since it’s bouncing back, wouldnt expect the reformed card portfolio to devalue now.
Is this Yes Bank’s first Visa card? In the past they were MasterCard exclusive.
Just with regards to the priority pass, when i spoke to customer care they told me that for lounge access (both domestic and international) we just need to use our marquee credit card only. Seems what they said isn’t true since i didn’t get any priority pass card with my marquee card package. Please reply.
That is right, the international access is linked to the card number directly, so no additional PP is required.
Great thanks for the update man.
I just activate the priority pass by app, showing unlimited Lounge visit (infinity sign) and guests visit 4 only showing.
Can we not access India international terminal lounges with Priority pass?
Please also review ICICI Emeralde Private Metal in super premium category. Few things I see it does better than Yes Marquee:
1. For people with mixed expenses (online, offline, utilities, insurance) and decent level of capping in place, it has potential to give flat 3% return
2. 3k EaseMyTrip voucher for 4 lakh spends, which is reachable by most people, increasing return to 3.75%
3. The BMS offer also works for non-movies (concerts, sports)
4. Taj Epicure with complimentary night stay as welcome benefit
Sure, will cover.
Slightly unrelated post:
It would be very helpful if you could write an article about the best RuPay credit cards or provide a comparison. Since RuPay is the only credit card that can be linked with UPI, having a RuPay credit card is a must. It would be greatly appreciated if you could enlighten us on this matter.
Is it true that YES bank linking the lounge access for the Marquee card to a minimum quarterly usage?
Applies to Reserv and not for Marquee.
It seems Yes bank has stopped issuing this card.
When applying online, being offered Reserve. Visited the branch, was informed that this card is not available.
Is anyone else getting similar response?
I Doubt.
System shows the card based on profile, we can’t choose the card with Yesbank unfortunately, which I mentioned in the article as well.
I got the card yesterday 3 lac limit and no income documents asked.
On what basis you got it if no income document was asked?
Assuming CIBIL is good, YesBank digital process generally do not ask for any income docs.
Thank you Sid for another great article!
Could you please help with info on if we have have this card in addition to Yes Reserv?
I tried applying online but the message said
“Dear customer, you have already applied for Yes Bank CC”
I have LYF YFE, which is now showing as Reserv (I don’t know how!) In the CC statement
YB only allows 1 card per person for now.
I’ve got this card since December, but haven’t received the bonus rewards yet of 60000. Any idea?
With so many benefits its matter of time they devalue it. Last year people were jumping with Magnus and many applied accept me and i know after they get their Joining Fee they will devalue it and hence it happened. I dont know why RBI brought no rules on this . Its kind of a scam/cheat case. RBi should bring rule that atleast for 3 years Banks dont change benefits.
Is advance income tax payment counted for select categories reward points ??
What is the points conversion rate for Amazon/ Flipkart gift voucher?
Is it 1 point = 0.25 INR?
15p
Sid, can you suggest best credit card for cashbacks/rewards on education payments.
Thanks in advance
Regards
Satish
Infinia
Infinia (3.3%)
Is it possible to get Yes Reserv or Marquee if you hold Infinia or other premium card which is 10 lacs limit?
Thanks
Sure. Try on website. It is on basis of CIBIL records.
Yes bank page says 4 guests visit per year on international lounges. No info on qtr limit.
Can you please check
I just Applied looks like they are not offering only 40000 points instead of 60000 , Please update the same . also i cant find anything on their page about guest access . Can some one confirm about guest access, if its still there ? . I am switching from dinner black mainly because tap doesn’t work on most pos for it.
Hey Sid,
Do you know if one can apply for add on credit card online for Yes Bank?
Currently holding Yes Bank Reserv and want to obtain add on cards for family members, but not able to see any option online.
Appreciate the article. It covers all relevant details in a succinct manner.
Just one question about the card – do we get points on paying renewal fees? I couldn’t find the same anywhere on their website or MITC.
@harsh
I think card has been devalued with no points on renewal fee paid. If we diners black then what’s the point in taking the card?
Renewal 20000 points are there, on fee of 4,999/-. So we need to pay only GST part