YES Bank First Business Credit Card

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Features of YES Bank First Business Credit Card

Reward Points Program: The card offers an attractive reward points system tailored to business spending patterns. Cardholders earn 16 reward points for every ₹200 spent on categories such as air travel, hotel bookings, dining, and other travel-related expenses. For all other retail transactions, 4 reward points are earned per ₹200 spent. This tiered structure incentivizes spending in high-value categories, making it ideal for professionals who frequently travel or entertain clients.
Annual Milestone Rewards: A standout feature is the 20,000 reward points awarded annually when cardholders spend ₹12 lakh or more in a card anniversary year (defined as 12 months from the card issuance or renewal date). This milestone benefit encourages consistent card usage and provides a substantial reward for high spenders, which can be redeemed for various options, enhancing the card's value proposition.
Travel and Lounge Access Benefits: The card provides six complimentary international lounge visits per calendar year through the Priority Pass Membership for Mastercard variants, ideal for business travelers. Beyond the complimentary visits, additional visits or guest visits are charged at approximately USD 35 per visit. Additionally, cardholders enjoy eight complimentary domestic lounge visits annually (two per quarter) across over 30 lounges in India, provided they meet a quarterly spending threshold of ₹75,000.

- Financial Flexibility: The card allows transactions as low as ₹1,500 to be converted into Easy EMIs, providing flexibility to manage large business expenses. Cardholders can choose repayment tenures ranging from 3 to 24 months, with interest rates typically between 12% to 15%, depending on the transaction and tenure. This feature is particularly useful for managing cash flow during high-expense periods.
- Lifestyle and Business Perks: The card includes one complimentary golf lesson per month (up to 12 annually) and four green fee waivers at select golf courses across India. The Yes Assist feature offers 24/7 concierge services, assisting with travel reservations, restaurant bookings, car rentals, event planning, and gift delivery.
- Low Foreign Currency Markup Fee: A key feature for international transactions is the 1.75% foreign currency markup fee, one of the lowest in the market. This makes the card cost-effective for overseas spending.
- Instant Loan Facility: Cardholders can avail an instant loan up to their credit limit, disbursed quickly without extensive documentation. This feature is ideal for addressing urgent business needs.
- AWFIS Workspace Benefits: Cardholders receive two complimentary meeting room hours per quarter at select AWFIS coworking centers, along with a 20% discount on meeting room bookings and a 15% discount on cabin, fixed, and flexi work desks.
- Security and Convenience: The card supports contactless payments, allowing quick and secure transactions at compatible terminals without the need for PIN entry for smaller amounts.
- Insurance Coverage: The card offers ₹1 crore air accidental death cover, ₹25 lakh for overseas medical emergencies, and ₹8 lakh credit shield cover in case of the primary cardholder's accidental death.
- Fuel Surcharge Waiver: The card offers a 1% fuel surcharge waiver on transactions between ₹400 and ₹5,000 at fuel stations across India, capped at ₹1,000 per month.
- Digital Banking Integration: The card integrates seamlessly with YES Bank's mobile banking app and net banking platform, allowing cardholders to manage their accounts, track transactions, set PINs, and make payments conveniently.
- Fee Structure: The card has a joining fee of ₹999 (plus GST), which can be waived by spending ₹20,000 within 30 days of card issuance. The annual renewal fee of ₹999 (plus GST) is waived if cardholders spend ₹3,00,000 annually.
- Interest Rates: The interest rate on revolving credit, cash advances, and overdue amounts is 3.5% per month (42% annualized) for non-YES Bank account holders and 1.99% per month (23.88% annualized) for those with a YES Bank salary or savings account.

Benefits of the YES Bank First Business Credit Card

1. Financial Savings:
- Low Foreign Currency Markup Fee: One of the most significant benefits is the 1.75% foreign currency markup fee, which is notably lower than the 3-3.5% charged by many other credit cards.
- Fuel Surcharge Waiver: The card provides a 1% fuel surcharge waiver on transactions between ₹400 and ₹5,000, capped at ₹1,000 per month.
- Fee Waivers: The joining fee of ₹999 (plus GST) can be waived by spending ₹20,000 within 30 days of card issuance. Similarly, the annual renewal fee of ₹999 (plus GST) is waived upon spending ₹3,00,000 annually.

- High Reward Earning Potential: Cardholders earn 16 reward points per ₹200 spent on travel, dining, and hotel expenses, and 4 reward points per ₹200 on other categories.
- Milestone and Welcome Rewards: The card offers 20,000 reward points annually for spending ₹12 lakh or more in an anniversary year, providing a substantial bonus for consistent usage.
- Versatile Redemption Options: Reward points can be redeemed via the YesRewardz platform for flights, hotels, movie tickets, or products from an exclusive catalog.
- Complimentary Lounge Access: The card grants six complimentary international lounge visits per year through Priority Pass and eight domestic lounge visits annually (two per quarter) across 30+ lounges in India.
- Complimentary Golf Program: Cardholders enjoy one free golf lesson per month and four green fee waivers at select golf courses in India.
- Yes Assist Concierge Services: The Yes Assist concierge service offers 24/7 support for tasks such as booking flights, reserving restaurants, arranging car rentals, and delivering gifts.
- AWFIS Workspace Discounts: The card provides two complimentary meeting room hours per quarter at AWFIS centers, along with a 20% discount on meeting room bookings and a 15% discount on work desks.

How to Apply for YES Bank First Business Credit Card

Online Application Process:
- Visit the official YES Bank website and navigate to the "Credit Cards" section.
- Select the "First Business Credit Card" and click on "Apply Now."
- Enter basic details like mobile number, PAN, and income to check pre-qualified offers.
- Fill out the application form with personal, employment, and financial details.
- Upload scanned copies of required documents (PDF/JPEG within permitted size limits).
- Complete a Video KYC session by keeping your PAN and Aadhaar ready.
- Receive an application reference number to track your application status online.
Offline (Branch-Based) Application Process:
- Visit the nearest YES Bank branch and express your interest in the First Business Credit Card.
- Choose between digital application (OTP-based form filling with assistance) or manual form submission.
- Provide self-attested copies of income proof, KYC documents, and recent passport-size photographs.
- Complete the process with assistance from the bank staff. VKYC or address verification may follow.
Third-Party Platforms:
- Platforms like BankBazaar, Paisabazaar, CreditMantri, or IndiaLends offer simplified application processes.
- Select the YES First Business Credit Card after reviewing its features.
- Provide your mobile number, verify with OTP, and fill out the application form.
Tips for a Successful Application:
- Maintain a credit score of 750+ to qualify for premium eligibility checks.
- Ensure all entered details match your documents and avoid overstating income.
- If you closed another YES Bank card recently, wait 3–6 months before reapplying.
- Leverage existing YES Bank relationships (e.g., FDs, savings accounts) to improve eligibility.
Tracking Application Status:
- Use the application number on the YES Bank website or app to check status.
- Alternatively, contact customer care or await SMS/email updates for status changes.
Post-Approval Process:
- Card delivery typically occurs within 7–10 working days after approval.
- Activate the card via YES Bank app, website, or customer support helpline.
- Welcome benefits (e.g., ₹500 Amazon voucher) are usually credited in the next billing cycle.
- Register for YES Bank online services to track spending, limits, and rewards.

Eligibility Criteria for YES Bank First Business Credit Card

1. Age Requirements
- Minimum Age: 21 years
- Maximum Age: 70 years
2. Employment Status
- The card is exclusively for self-employed individuals, including proprietors, partners in partnership firms, and professionals (doctors, lawyers, chartered accountants).
- Salaried individuals are not eligible for this card.
3. Income Requirements
- Self-Employed: Minimum ITR of ₹10 lakh annually
- Alternative proofs like audited financial statements or bank statements showing consistent business revenue may be accepted for newly established businesses.
4. Credit Score and History
- Preferred Score: 750 or higher (based on CIBIL or equivalent)
- Clean repayment history with low credit utilization and minimal recent inquiries
- No missed payments or defaults
5. Banking Relationship with YES Bank
- Existing YES Bank current account holders maintaining a minimum balance of ₹5 lakh across all accounts are considered YES First Business Program Eligible Customers.
- Potential customers able to maintain this balance can open an account during the application process.
6. Business Stability
- While not explicitly stated, YES Bank may prefer applicants with businesses operational for at least 2-3 years.
- New businesses may need to provide additional financial proof.
7. Additional Considerations
- No Recent Rejections: Applicants with recent credit card or loan application rejections may face challenges.
- Clean Legal Record: Applicants must have no major legal or bankruptcy issues.
- KYC Compliance: Compliance with Know Your Customer (KYC) norms is mandatory.
8. Residential Status
- Applicants must be Indian citizens or Non-Resident Indians (NRIs) with valid proof of residence.
- Proof of Indian address is mandatory for card issuance.
9. Business Nature
- The business should be legal, compliant with government regulations, and engaged in recognized commercial or professional activities.
- Businesses involved in prohibited or high-risk sectors may be ineligible.
10. Documentation and Verification
- Applicants must provide all required documents accurately and completely to avoid delays or rejection.

Documents Required for YES Bank First Business Credit Card

Identity Proof
- PAN Card: Mandatory for tax identification. If unavailable, Form 60 can be submitted.
- Aadhaar Card: Widely accepted for identity and address verification.
- Passport: Valid for both Indian residents and NRIs.
- Voter ID Card: A government-issued ID for Indian citizens.
- Driving License: Acceptable if it includes a clear photograph and signature.
Address Proof
- Aadhaar Card: Serves as both identity and address proof.
- Passport: Valid for address verification if it lists the current address.
- Voter ID Card: Acceptable if it includes the applicant’s address.
- Driving License: Valid if the address is current.
- Utility Bills: Recent (within 3 months) electricity, telephone, or gas bills in the applicant’s name.
- Ration Card: Acceptable if it lists the applicant’s name and address.
- Rental Agreement: Valid if registered and accompanied by a utility bill.
Income Proof
- Income Tax Returns (ITR): ITR Acknowledgment for the last 1-2 years, filed with the Income Tax Department.
- Computation of Income: Supporting document showing taxable income.
- Form 16A (if applicable): For professionals receiving TDS-deducted payments.
- Audited Financial Statements: Balance sheet and profit/loss statement for the last 1-2 years (if ITR unavailable).
- Bank Statements: Business account statements for the last 6-12 months showing consistent revenue.
- GST Returns: For businesses registered under GST, reflecting turnover.
Business Proof
- Partnership Deed: For partners in registered partnership firms.
- GST Registration Certificate: Reflecting business activity and turnover.
- Shop and Establishment License: For retail or commercial businesses.
- Professional License: For doctors, lawyers, or chartered accountants (e.g., medical council registration or ICAI certificate).
- Business PAN Card: Separate from the personal PAN, if applicable.
Photograph and Signature
- Passport-Size Photographs: Two recent color photos, taken against a plain background, not older than 6 months.
- Some online applications may allow digital photo uploads instead of physical submission.
- Signature-Bearing Document: A national identity card or document with the applicant’s signature (e.g., PAN card, Aadhaar card, or driving license) to verify signature on the application form.
Additional Documents for NRIs
- Overseas Address Proof: Utility Bill (within 3 months), Bank Statement from overseas account, Residence Permit/Visa.
- Indian Address Proof: Any standard address proof (e.g., Aadhaar card or utility bill) required for card delivery.
Document Submission Guidelines
- Physical Submission: Submit self-attested photocopies of all documents with originals for verification, clear and legible.
- Digital Submission: Upload scanned copies or high-quality photos (PDF or JPEG, usually under 2MB).
- Document Verification: YES Bank verifies documents against government databases; discrepancies may lead to rejection.

Factors Influencing the Yes Bank First Business Credit Card

Financial Profile:
Your financial profile is the primary determinant of approval and card utility:
- Income Level: High income threshold (₹3 lakh/month salaried, ₹24 lakh ITR self-employed) restricts card to affluent individuals. Lower incomes may struggle with ₹9,999 joining fee and ₹10 lakh annual spend for fee waivers.
- Credit Score: CIBIL score of 750–800+ crucial for approval. Low scores or negative credit events risk rejection.
- Existing Credit Limits: For C2C applications, ₹10 lakh+ limit on another premium card required; else income-based with robust documentation needed.
- Debt-to-Income Ratio: High existing debt or EMIs can reduce approval chances or limit credit offered.
A strong financial profile ensures approval and maximizes rewards and fee waivers.
Spending Habits:
Aligning spending with reward structure is key:
- Online Spending: 4.5% rewards on online spends (up to ₹5.5 lakh/month) benefit heavy online shoppers; offline spends earn 2.25%, possibly insufficient to justify fees.
- Travel Frequency: Unlimited international lounge access and 1% forex markup fees benefit frequent travelers.
- Entertainment & Dining: BOGO movie offer (up to ₹28,800 annually) and 15% dining discounts reward frequent diners and entertainment lovers.
- Restricted Categories: 1.25% rewards on rentals, utilities, and insurance; low spenders in these categories gain little.
Lifestyle and Preferences:
Suitability depends on lifestyle:
- Travel-Oriented Lifestyle: Lounge access, low forex fees, travel redemptions valuable for globetrotters.
- Entertainment Focus: Moviegoers and concert attendees benefit most from BOGO offer.
- Golf Enthusiasm: Four free green fees and monthly lessons appeal to golfers.
- Dining Habits: Frequent diners in Tier 1/2 cities save via Dining Fiesta program.
Operational Considerations:
Practical aspects affect usability:
- Redemption Flexibility: YES Rewardz Portal offers travel, vouchers, miles but limited airline partners and variable point values (₹0.10–0.25/point).
- Lounge Access Thresholds: Domestic lounge access requires ₹35,000 quarterly spends, demanding disciplined spending.
- System Reliability: Some report Dining Fiesta website issues or delayed credits; proactive customer care is advised.
- Card Availability: Marquee may not be offered to all eligible applicants; branch or C2C applications help.
Competitive Landscape:
Compare with alternatives to pick the best card:
- HDFC Diners Club Black: 3.33% rewards and SmartBuy multipliers; lacks unlimited lounge access.
- ICICI Emeralde: Matches unlimited lounge access but higher forex fee (2%).
- SBI Cashback: 5% cashback on online spends but fewer lifestyle perks.
Risk of Devaluation:
- Reward point value reductions (e.g., from ₹0.25 to ₹0.15 for some redemptions).
- Changes to lounge access or BOGO terms.
- Increased fees or spending thresholds.
- High spenders with strategic redemptions can mitigate risks; cautious users may prefer stable issuers.

Frequently Asked Questions (FAQs) - YES Bank First Business Credit Card

1. What is the YES Bank First Business Credit Card?

The YES Bank First Business Credit Card is a premium credit card designed for self-employed individuals, proprietors, and partners in partnership firms. It offers a range of benefits tailored to business needs, including accelerated reward points, complimentary airport lounge access, low foreign currency markup fees, fuel surcharge waivers, and comprehensive insurance coverage.

2. Who is eligible to apply for the YES Bank First Business Credit Card?

Aged between 21 and 70 years.
Self-employed individuals: proprietors, partners in partnership firms, professionals (e.g., doctors, lawyers, chartered accountants).
Minimum ITR of ₹10 lakh annually.
Good credit score, ideally 750+.
YES First Business Program Eligible Customers (e.g., YES Bank current account holders with ₹5 lakh balance) may have enhanced eligibility.

3. What are the key features of the YES Bank First Business Credit Card?

16 Reward Points per ₹200 on travel, dining, and hotel spends.
4 Reward Points per ₹200 on other spends.
20,000 bonus points on spending ₹12 lakh annually.
6 complimentary international lounge visits per year (Mastercard Priority Pass).
8 domestic lounge visits per year (2 per quarter with ₹75,000 spend in the previous quarter).
1.75% forex markup fee.
1% fuel surcharge waiver (₹400 - ₹5,000 range; up to ₹1,000 per month).
Insurance: ₹1 crore air accident cover, ₹25 lakh overseas medical emergency, ₹8 lakh credit shield.
Golf: 1 free lesson/month and 4 green fee waivers/year.
2 hours complimentary meeting room use per quarter at AWFIS centers.

4. What are the benefits of using the YES Bank First Business Credit Card?

Low forex markup fee (1.75%).
1% fuel surcharge waiver.
Joining fee waiver on spending ₹20,000 within 30 days.
Annual fee waiver on spending ₹3,00,000 annually.
High reward point earning and milestone bonus of 20,000 points.
Flexible reward redemption via YesRewardz portal.
Free golf and travel perks including airport lounge access.
Concierge and workspace benefits via AWFIS.
EMI option on transactions above ₹1,500 and instant loans.
Security features like fraud protection, PIN/OTP, and contactless tech.
Welcome gift: ₹500 Amazon voucher on spending ₹1,000 within 30 days.

5. How can I apply for the YES Bank First Business Credit Card?

Online: Visit www.yesbank.in, navigate to “Credit Cards,” and apply.
YES Mobile App: Register and apply under “Apply for Products.”
Branch: Visit any YES Bank branch and complete the application.
Customer Care: Call 8885545255.
Third-Party Sites: Use platforms like BankBazaar or CreditMantri (may redirect you to YES Bank).

6. What documents are required to apply for the YES Bank First Business Credit Card?

Identity Proof: PAN card (mandatory), Aadhaar card, passport, voter ID, or driving license.
Address Proof: Aadhaar card, passport, voter ID, driving license, utility bill (within 3 months), or rental agreement.
Income Proof: ITR showing Rs. 10 lakh annual income, audited financial statements, or bank statements (last 6-12 months).
Business Proof: Partnership deed, GST registration certificate, shop and establishment license, or professional license (e.g., medical council registration).
Photographs: Two recent passport-size photos.
Signature-Bearing Document: PAN card, Aadhaar card, or driving license.
For NRIs: Valid passport, overseas address proof (e.g., utility bill), and Indian address proof for card delivery. Documents must be self-attested (physical submission) or clearly scanned (online submission).

7. What is the joining and annual fee for the YES Bank First Business Credit Card?

The card has a joining fee of Rs. 999 (plus GST), which can be waived by spending Rs. 20,000 within 30 days of card issuance. The annual renewal fee is Rs. 999 (plus GST), waived if you spend Rs. 3,00,000 annually.

8. What is the interest rate on the YES Bank First Business Credit Card?

1.99% per month (23.88% annualized) for cardholders with a YES Bank salary or savings account.
3.5% per month (42% annualized) for those without a YES Bank account.

9. How do I earn reward points with the YES Bank First Business Credit Card?

16 reward points per Rs. 200 spent on air travel, hotel bookings, dining, and other travel-related expenses.
4 reward points per Rs. 200 on all other retail transactions.
20,000 reward points annually for spending Rs. 12 lakh or more in an anniversary year.
20,000 reward points on the first transaction within 30 days of card issuance.
15,000 reward points upon renewal fee payment.

10. How can I redeem my reward points?

Reward points can be redeemed through the YesRewardz platform for:

Travel: Flight and hotel bookings.
Entertainment: Movie tickets.
Products: Items from an exclusive catalog.
Air Miles: Convert 8 reward points to 1 InterMile or 1 Club Vistara point.

For NRI cardholders, redemption is limited to flights, hotels, and movies (catalog redemption unavailable).

11. What lounge access benefits does the card offer?

International Lounge Access: 6 complimentary visits per calendar year via Priority Pass (Mastercard) or LoungeKey (Visa). Additional visits cost approx. USD 35.
Domestic Lounge Access: 8 complimentary visits annually (2 per quarter) across 30+ lounges in India, unlocked by spending Rs. 75,000 per quarter.

12. What is the foreign currency markup fee?

The card charges a 1.75% foreign currency markup fee on international transactions.

13. What insurance coverage is provided with the card?

Rs. 1 crore air accidental death cover for flight-related incidents.
Rs. 25 lakh cover for medical emergencies during overseas travel.
Rs. 8 lakh credit shield cover in case of the primary cardholder’s accidental death.

14. Does the card offer a fuel surcharge waiver?

Yes, the card provides a 1% fuel surcharge waiver on transactions between Rs. 400 and Rs. 5,000 at fuel stations across India, capped at Rs. 1,000 per month.

15. What are the golf benefits of the YES Bank First Business Credit Card?

One complimentary golf lesson per month (up to 12 annually) at select golf courses in India.
Four green fee waivers annually at participating golf courses.

List of Yes Bank First Business Credit Card Karnataka Branches Banks

Bangalore - Marathahalli
Bangalore - Museum Road
Bangalore - New BEL Road
Bangalore - Outer Ring Road
Bangalore - Peenya

Bangalore - Rajajinagar
Bangalore - Richmond Road
Bangalore - RT Nagar
Bangalore - Sadashivanagar
Bangalore - Sarjapur Road

Bangalore - Shivajinagar
Bangalore - Ulsoor
Bangalore - Vijayanagar
Bangalore - Whitefield
Karnataka - Bagalkot

Karnataka - Belgaum
Karnataka - Bellary
Karnataka - Bidar
Karnataka - Bijapur
Karnataka - Chamarajanagar

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