M16S / Yes Bank / YES BANK Niyo Credit Card
entry · travel, cobrand, lifetime-free, rewards
YES BANK Niyo Credit Card
The YES BANK Niyo Credit Card charges no annual fee and no joining fee. Its base return is 0.2% (2 coins per Rs 100 on POS spends). Accelerated earn: 4 coins per Rs 100 online; 5 coins per Rs 100 on spends through the Niyo app. The forex markup is 0%. It lists no airport lounge access. Read from the issuer's documents and an aggregator on 12 Oct 2026.
- Annual fee
- Free
- Fee waived at
- —
- Base return
- 0.2%
- Forex markup
- 0%
- Interest
- 3.99%a month
Apply on yes.bank.inOpens the bank’s own page.
Fees
| Joining fee | Free |
|---|---|
| Annual fee | Free |
| Fee notes | Lifetime free: zero first-year and renewal membership fee (issuer page; MITC: nil). |
Rewards
| Reward currency | Niyo Coins |
|---|---|
| Base earnunverified | 2 coins per Rs 100 on POS spends |
| Base returnunverified | 0.2% |
| Point valueunverified | Aggregator: 1 Niyo Coin = Rs 0.10 |
| Accelerated earnunverified | 4 coins per Rs 100 online; 5 coins per Rs 100 on spends through the Niyo app |
| Spends that earn nothing | No Niyo Coins on international transactions, nor on fuel, rent, wallet loads, government services, utilities, telecommunication equipment and services, education, jewellery, POI funding, automated cash disbursal, tolls and bridges (issuer page). |
| Reward notes | base_return_pct left null: the issuer page gives neither the Niyo Coin earn rate nor the coin value; both are from one aggregator (2 coins per Rs 100 x Rs 0.10 = 0.2% indicative). International transactions earn no coins, so the zero forex markup comes without rewards. |
Travel and perks
| Domestic lounge | None |
|---|---|
| International lounge | None |
| Forex markup | 0% |
| Fuel surcharge waiverunverified | 1% on Rs 500-4,000 transactions (issuer page); cap Rs 250 per statement per aggregator |
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 | 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 through Niyo. |
| Fine-print notes | Issuer product page read 12 Oct 2026: confirms lifetime free, zero forex markup (stated on the page and in its title), the 1% fuel waiver on Rs 500-4,000 transactions and eligibility. New: Niyo Coins are not given on international transactions or on the listed categories. The page does not give coin earn rates, coin value, the fuel waiver cap or the network; those remain aggregator values or blank. || 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 50,000); 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. Zero forex markup and no DCC charge per the MITC; this is the card's main draw. |
Questions
- What is the annual fee of the YES BANK Niyo Credit Card?
- No annual fee.
- Does the YES BANK Niyo Credit Card give airport lounge access?
- No lounge access is listed for this card.
- What is the forex markup on the YES BANK Niyo Credit Card?
- 0% of each foreign-currency transaction, before GST.
- Which spends earn no rewards on the YES BANK Niyo Credit Card?
- No Niyo Coins on international transactions, nor on fuel, rent, wallet loads, government services, utilities, telecommunication equipment and services, education, jewellery, POI funding, automated cash disbursal, tolls and bridges (issuer page).