What is the annual fee of the Yes ANQ Phi (with ANQ Pi RuPay virtual card)?

Rs 499 a year, before GST. It is waived if you spend Rs 1,20,000 in a year.

Does the Yes ANQ Phi (with ANQ Pi RuPay virtual card) give airport lounge access?

Yes. In India: none listed. Outside India: Issuer page: complimentary international lounge access (count not stated). Aggregator: up to 3 a year on Phi..

What is the forex markup on the Yes ANQ Phi (with ANQ Pi RuPay virtual card)?

3.5% of each foreign-currency transaction, before GST.

Which spends earn no rewards on the Yes ANQ Phi (with ANQ Pi RuPay virtual card)?

No points on fuel, rent, wallet loads, government services, ATM withdrawals, utility and telecom bill payments, insurance premiums, toll/bridge fees, educational services, jewellery and precious metals, POI funding, hospitals, cash advances, fees and charges, EMI conversions. Personal spends only (issuer page).

M16S / Yes Bank / Yes ANQ Phi (with ANQ Pi RuPay virtual card)

entry · cobrand, rewards, upi

Yes ANQ Phi (with ANQ Pi RuPay virtual card)

Yes Bank · with ANQMastercard · RuPayLast checked 12 Oct 2026closed to new applicants

The Yes ANQ Phi (with ANQ Pi RuPay virtual card) costs Rs 499 a year, waived if you spend Rs 1,20,000 in a year. It earns Phi: 4 YES Rewardz points per Rs 200 on other select categories. The forex markup is 3.5%. Read from the issuer's documents and an aggregator on 12 Oct 2026.

Annual fee: Rs 499+ GST
Fee waived at: Rs 1,20,000annual spend
Base return: —
Forex markup: 3.5%
Interest: 3.99%a month

Fees

Joining fee	Free
Annual fee	Rs 499
Annual spend that waives the fee	Rs 1,20,000
Fee notes	Phi (physical): no joining fee, annual Rs 499 waived on Rs 1.2 lakh spend in 12 months (MITC). Pi (virtual RuPay) is free.

Rewards

Reward currency	YES Rewardz points (aggregator: redeemed as ANQ Coins or digital gold in the ANQ app)
Base earn	Phi: 4 YES Rewardz points per Rs 200 on other select categories
Point valueunverified	Not stated; redeemable against digital gold or ANQ Coins in the ANQ app
Accelerated earnunverified	Phi (issuer page): 24 points per Rs 200 on travel, hotels, dining and fast food, and on groceries, supermarkets, apparel and entertainment. Pi (aggregator, not on the issuer page): 8 points per Rs 200 on UPI transactions above Rs 2,000; 2 points per Rs 200 on other online and smaller UPI spends.
Capsunverified	Aggregator: Pi UPI earn capped at 5,000 points a month.
Spends that earn nothing	No points on fuel, rent, wallet loads, government services, ATM withdrawals, utility and telecom bill payments, insurance premiums, toll/bridge fees, educational services, jewellery and precious metals, POI funding, hospitals, cash advances, fees and charges, EMI conversions. Personal spends only (issuer page).
Points expiry	3 years
Reward notes	base_return_pct not computed: no rupee value per point is stated on the issuer page. Indicative only: at the aggregator's Rs 0.25 per YES Rewardz point, base is about 0.5% and the 24-point tier about 3%.

Transfers

Partners	Air India Maharaja Club
Ratio	10 points : 1 Maharaja Point (Air India page; one aggregator shows 15:1); minimum balance 2,000 points (ANQ Phi and Pi are on Air India's list)

Travel and perks

International loungeunverified	Issuer page: complimentary international lounge access (count not stated). Aggregator: up to 3 a year on Phi.
Forex markupunverified	3.5%
Fuel surcharge waiver	From 15 Jun 2026: 1% on Rs 500-3,000 transactions, cap Rs 300 per statement cycle (before: Rs 400-5,000)

Charges and eligibility

Interest per month	3.99%
Late payment fee	Outstanding up to Rs 500: nil; above Rs 500: lower of 10% of statement balance or Rs 1,350 per statement
Cash advance fee	2.5% or Rs 650, whichever is higher (from 15 Jun 2026); cash withdrawal suspended for the first 6 months; cash limit up to 30% of credit limit
Eligibility	No longer open to new applicants. Criteria when offered: age 21-60; minimum net salary Rs 25,000 a month or ITR Rs 7.5 lakh and above; existing YES BANK credit cardholders not eligible; applied for in the ANQ app.
Fine-print notes	Issuer product page read 12 Oct 2026: STATUS CHANGE: the page says 'We are no longer accepting applications for YES BANK Anq Phi Credit Card'; status set to closed-to-new (was open). Conflict: the base rate is 4 points per Rs 200 on the page (aggregator said 2). Confirms no joining fee, Rs 499 renewal fee waived on Rs 1.2 lakh retail spend, the 24-point tiers (the page adds apparel, entertainment and supermarkets) and the fuel waiver cap of Rs 300. The page covers Phi (Mastercard) only; ANQ Pi (RuPay virtual) terms remain aggregator values. The page does not state the forex markup; 3.4% stays unverified. \|\| Earlier notes: MITC v18 (file reference 05102026): rent (MCC 6513) fee is the greater of 1% or Rs 199 above Rs 1,000, max 5 rent transactions per 30 days; wallet loads above Rs 2,000 charged 1%; education via third-party apps 1% + GST; utilities 1% + GST once the month's cumulative spend crosses the card's threshold (Rs 25,000); fuel 1% + GST on a single transaction above Rs 10,000 or cumulative above Rs 25,000 a month; tolls and railways also carry 1% beyond thresholds. Overlimit Rs 550 + GST per transaction (from 1 Jun 2026). Reissue Rs 199 + GST. Dynamic currency conversion: 1% + GST on INR-billed transactions at overseas merchants. Existing YES Bank credit cardholders are reported as ineligible for a second card. Forex markup corrected after an independent check on 11 Oct 2026: the MITC row shows the markup (3.40%) and, beside it, the dynamic currency conversion charge; the first pass had recorded the second figure. The aggregator page was last updated Aug 2025; the card is still in the Oct 2026 MITC fee table. 12 Oct 2026: that correction was itself wrong. The MITC prints the rate before and from 15 Jun 2026 (3.4% then 3.5%); bank pages for Reserv, Select, First Business and Prosperity Business confirm the later figure, so the later figure is restored here. Not stated on this card’s own page.

Questions

What is the annual fee of the Yes ANQ Phi (with ANQ Pi RuPay virtual card)?: Rs 499 a year, before GST. It is waived if you spend Rs 1,20,000 in a year.
Does the Yes ANQ Phi (with ANQ Pi RuPay virtual card) give airport lounge access?: Yes. In India: none listed. Outside India: Issuer page: complimentary international lounge access (count not stated). Aggregator: up to 3 a year on Phi..
What is the forex markup on the Yes ANQ Phi (with ANQ Pi RuPay virtual card)?: 3.5% of each foreign-currency transaction, before GST.
Which spends earn no rewards on the Yes ANQ Phi (with ANQ Pi RuPay virtual card)?: No points on fuel, rent, wallet loads, government services, ATM withdrawals, utility and telecom bill payments, insurance premiums, toll/bridge fees, educational services, jewellery and precious metals, POI funding, hospitals, cash advances, fees and charges, EMI conversions. Personal spends only (issuer page).