YES Premia Credit Card Review

By | August 20, 2018

If you were following Cardexpert Facebook page, you might already know that YesBank has launched a new credit card variant named “Premia” which stands one step below Yes First Preferred and above Yes Prosperity Credit Cards. Yes Premia credit card was launched as a part of their premium banking product called “YES Premia” which is similar to HDFC Preferred or Axis Priority.

  • Joining Fee: 1500 INR+GST

You should still be able to get the card for free as YESBank is issuing most credit cards as LTF lately.

Yesbank Premia Credit Card

Reward Rate

  • 4 Reward Points on every INR 100 Retail spend (1% Reward rate)
  • 5 Reward Points on every INR 100 spent on Groceries, Supermarkets and Dining (1.25% Reward rate)

As always, their base reward rate maybe less but as Yesbank often runs 2X/3X offers, your reward rate might shoot as good as 2% or 3% which is more than enough in this segment.

Complimentary Lounge Access

  • Domestic: 2/Qtr via Mastercard lounge programme
  • International: 2/Yr Via Priority Pass lounge programme (no add-on PP cards)

That’s a decent limit for a semi-premium card, though, wish they could have added some extra International visits on Priority Pass.

Reward Point Redemptions

This is where most of us are not happy with Yesbank in recent times. Few months back, Yesbank removed the Amazon Vouchers from the redemption options which makes everyone re-think about using even Yesbank’s premium & super premium credit cards.

I was fortunate enough to redeem some Amazon vouchers before it was removed. Now, eventhough the removal of Amazon voucher is a loss for us, they do have grand set of other vouchers like Taj/LP/cleartrip/pantaloons, etc which makes Yesbank cards still a worthy one to hold.

Overall Features & Benefits

  • Card Expert Rating: 4/5 
  • Reward Rate: 1%
  • Fuel Surcharge Waiver: Fuel surcharge waiver, for transactions between Rs. 400 – Rs. 5000. Maximum waiver upto Rs. 250 per statement, Service Tax as levied on surcharge will not be waived.
  • Complementary Airport lounge access: Domestic: 2/qtr & International: 2/yr
  • Special Features: 2X/3X/5X promos during festive season, 25% discount on BookMyShow (capped at Rs. 250 per month)
  • Foreign Exchange Markup fee: 2.5% + GST

How to Apply

Yesbank is popular for Card-on-Card LTF applications. So you can get Yes Premia the same way by applying using your existing credit card.

  • Expected limit for Card-on-Card: 3 Lakhs

BottomLine

Yes Premia is a good upgrade if you’re using Yes prosperity Cards, as getting Yes First Preferred might be tough for some. You can compare this card with HDFC’s Regalia first or Amex MRCC that has similar reward rates. Apart from all above, i like the card design much more than the Yes First credit cards.

Happy to see that Yesbank is coming up with new products and card offerings, like Yes Private Credit card for super rich and Yes First Corporate Credit Card for corporates – Not so great products, yet they’re doing something and hope they’ll improve them in future.

Thanks to our reader Aman for spotting the Yes Premia Credit card first! Anyone here has Yes Premia or planning to apply/upgrade? Feel free to share your thoughts in comments below.

Author: Siddharth

A Credit Card freak minting reward points and cashback for years, started adding Airmiles in recent times. Obsessed with aviation, airport lounges and luxury travel at affordable cost.

28 thoughts on “YES Premia Credit Card Review

  1. Chanchal Gupta

    Just applied for yes prosperity edge card after opening yes savings account, will receive the card in a week.
    Despite having four cards, they were asking for HDFc or axis for card on card basis.
    Any idea, how much time would it take to upgrade to yes premia? Six months or so?

    Reply
    1. Prashant Gupta

      Just forget about upgrade with yes. They are not upgrading my wifes yes prosperity. Reason internal policy. She fits the bill for yes premia and prosperity both in terms of ITR and card on card basis, still they are not doing this. I have even told then that i am closing the card, they said still u will not get the card. Apply fresh after 6 months. And i am really going to close the card next month after redeeming the points as its a useless card for me made by yes bank on false documentations……

      Reply
  2. Anil Singh

    How do you go about applying for a card on a card on card basis?

    Reply
      1. Anil Singh

        I don’t have an account with Yes Bank. Will I have to visit the branch?

        Reply
  3. Govinda

    Hi Siddharth,

    Have been reading your articles and posts from quite sometime. Thank you and this is wonderful and great amount of information.

    Wanted to know your inputs on HSBC credit cards. Did not find any articles or posts or reviews on HSBC Credit card. What’s your take on HSBC ?

    Regards,
    Govinda

    Reply
    1. Siddharth Post author

      They’re doing good lately with merchant offers. Will write a review sometime soon.

      Reply
  4. Amann

    Hi Sid

    Thanks for mentioning me. Any idea when we can expect 2x/3x /5x/10x promotions from YES BANK?

    Reply
  5. Himanshu

    I have Yes First Preferred card for about 3 months. Applied via hdfc card on card. Recently i am receiving too many offers on. Yes bank cards. They are very aggressive these days.

    Cons :
    Poor net banking interface and features.
    It takes 2-3 days for payment to get reflected in A/c whereas HDFC and SBI immediately releases CL.

    Reply
    1. Anshul

      How did you apply on Card to Card basis? Did you directly apply on the website or through third party such as bankbazaar?

      Reply
    2. John

      Can you tell what kind of offers you are getting? I am using preferred for 6 months now and haven’t received any offer communication till now.

      Reply
  6. Krishna R M

    Yes bank also has yes premia debit cards. Recently one of my colleagues and I received the following message:
    Dear Mr.____, As our esteemed customer, we are pleased to offer you a complimentary upgrade to our YES Premia Program. It aims to provide you with a banking experience that complements your lifestyle. You will be upgraded on 1/9/2018. Click – (link removed) if you Do Not wish to upgrade.

    Do not know what it is. We both have yes bank savings account and YFE credit card.

    Reply
  7. Abhijeet

    Hello,

    Me and my wife have been thinking about a Europe Backpacking holiday with around 2-3 possible international Airport lounge accesses. I have got DC Black to cover it for myself and am thinking of having one for my wife ( as she does not hold any premium credit card ). I already have got ad on DC Black card for her. My question

    1. Whether she will be able to have complimentary lounge access at International airport considering the fact that her DC black credit card number is same as mine.
    2. If answer to 1 is yes, then I need to get another card for myself. Do you think this YES BANK PREMIA CREDIT CARD is the best next option ? Should I go for it ?
    3. I already had SBI signature elite , which I returned. I had to return my HDFC Regalia as I got upgraded to DC Black. Other option is to have dragon pass , but that will be overkill ? SBI prime comes with a PP access @ 3K INR as joining fee. What are other options ?

    Even if I plan to get this card, it will be purely for additional lounge access and nothing more.

    Thanks & Regards, Abhijeet

    Reply
  8. MOHAMMED ABDUL WAHED

    How can i get a pre approved offer for yesbank credit card.

    Reply
  9. Satish Kumar Agarwal

    @ MA WAHED

    Open Yes bank savings ac and maintain high balances. Within 4-6 months you may get pre approved Credit card offers.

    Reply
      1. Satish Kumar Agarwal

        High balance means–
        1. Yes First savings account- Minimum 8 lacs + savings balance for recieving YF card pre approved offers.
        2. Yes Premia ac- Around 3-4 lacs for getting Premia card pre approved offers.
        3. Yes Prosperity ac- Around 1-2 lacs will be sufficient for Prosperity card offers.

        Reply
  10. Mickey

    Hi Sid

    Is the Yes Premia a good alternative to SBI Prime?

    Of course Prime has some added benefits of Vistara/ Trident, but the Premia is coming LTF with no requirement for minimum spends in a calendar year.

    What are your thoughts?

    Reply
  11. Mickey

    Hi Sid –

    From Yes Bank website – They have changed the forex mark up to 2.5%. You have mentioned 3.5%. So now you can give the card a 1/2 star rating more and maybe make it a 4⭐ card!

    “Preferential Foreign Currency Markup of 2.50% only”

    Cheers man

    Reply
      1. Mickey

        Haha, thanks Sid – will help everyone.

        So now you can answer my original Q –

        Yes Premia v/s SBI Prime, which is better? As a lifestyle/ travel card

        Why don’t you do a shootout between Yes Premia v/s SBI Prime v/s HDFC Regalia.

        It will be a very interesting thread when comments start coming in.

        Cheers man!

        Reply
        1. Siddharth Post author

          You need all three for various reasons. 🙂

          Will try to do comparisons shortly.

          Reply
  12. Mr. Verma

    Hi Sid,

    I have Yes bank Saving account with good deposit and they have offered me YF Preferred LTF. I will try to push for YFE via RM.
    I have SBI simplysave, Indus Iconia and Diners Premium.
    Eventhough YFP is LTF, how can we redeem the rewards?
    in my case, Diners point i use for tickets and simplysave and indus rewards can be adjusted in Statement.
    So Other then lounge access does Yes bank cards serve any purpose as i heard rewards option are not good.

    Reply
  13. Mouli

    Yes reward point redemption catalog is still good but previously it used to be better with Amazon voucher

    You can redeem against Nike,PVR,Taj,Shoppers Stop,LifeStye , Flight tickets,hotel bookings ,Mobile Phones and still more options are available

    Reply
  14. Mickey

    Anyone know how much limit is required for Yes Premia card-on-card application? It’s 3 lakhs for YF cards I know

    Reply
    1. Jay

      It’s 2.40 lacs with card vintage of at least one year. (As communicated through branch guy)

      Reply
      1. Mickey

        Jay – what does this mean, I could not understand!! What is card vintage? And 2.4 is enough for Premia?

        Reply

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