M16S / Yes Bank / YES Bank RuPay Credit Card (virtual)
entry · upi, rewards, lifetime-free
YES Bank RuPay Credit Card (virtual)
The YES Bank RuPay Credit Card (virtual) charges no annual fee and no joining fee. Its base return is 0.25% (2 YES Rewardz points per Rs 200 on all online spends). Accelerated earn: 4 points per Rs 200 on UPI transactions above Rs 2,000 (max 5,000 points a month). The forex markup is 3.5%. It lists no airport lounge access. Read from the issuer's documents and an aggregator on 31 Oct 2026.
- Annual fee
- Free
- Fee waived at
- —
- Base return
- 0.25%
- Forex markup
- 3.5%
- 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 virtual companion card. |
Rewards
| Reward currency | YES Rewardz points |
|---|---|
| Base earn | 2 YES Rewardz points per Rs 200 on all online spends |
| Base returnunverified | 0.25% |
| Point valueunverified | Rs 0.25 per point on flights/hotels via YES Rewardz (points cover max 70% of invoice); about Rs 0.15 on e-gift vouchers; Rs 0.10 as statement credit |
| Accelerated earn | 4 points per Rs 200 on UPI transactions above Rs 2,000 (max 5,000 points a month) |
| Caps | Issuer page: UPI tier capped at 5,000 points a month; utility (MCC 4900) earn capped at 150 points per statement cycle. |
| Spends that earn nothing | No points on rent, wallet, fuel, government, marketing/advertising, cash withdrawals, cash advance fee and charges, EMI conversions and, from 15 Jun 2026, insurance, education, railways, toll, ferry and jewellery (issuer page). |
| Points expiry | 3 years from earning |
| Reward notes | Redemption fee Rs 100 + GST per request and Rs 99 + GST convenience fee on flight bookings with points (MITC). Point values by route are from an aggregator citing the MITC; the issuer page only links to a value chart. base_return_pct left null because the rupee value of a YES Rewardz point is not stated on the issuer page (the Rs 0.25 flights/hotels figure is from an aggregator); indicative only: 1 point per Rs 100 x Rs 0.25 = 0.25%. UPI spends of Rs 2,000 or less are not given a rate on the page. |
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 (listed as YES UPI CC) |
Travel and perks
| Domestic lounge | None |
|---|---|
| International lounge | None |
| Forex markup | 3.5% |
| Fuel surcharge waiver | 1% on Rs 500-3,000 transactions (Rs 400-5,000 before 15 Jun 2026), cap Rs 125 per statement cycle |
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 | Existing YES BANK Visa or Mastercard credit cardholders, except NRI, FD-backed, corporate, commercial, co-branded and purchase cards; not available to anyone already holding a YES BANK RuPay credit card. Virtual only; shares the primary card's limit. UPI limit up to Rs 1 lakh per transaction; merchant payments only. |
| Fine-print notes | Issuer product page read 12 Oct 2026: confirms lifetime-free virtual-only card, 4 points per Rs 200 on UPI above Rs 2,000 (cap 5,000 points a month), 2 points per Rs 200 on online spends, the 150-point utility cap and the fuel waiver (Rs 500-3,000, cap Rs 125). The same page content is also served at the '/freo-rupay-credit-card' URL. Forex markup: the page does not state the current rate; its footnote says only that 2.75% applied before 15 Jun 2026. 2.75% is kept as the last known figure and stays unverified; sibling cards whose pages do state a current rate went up on that date (Reserv 1.75 to 2.00, Select 2.75 to 3.50, First Business 1.75 to 2.00, Prosperity Business 2.50 to 3.00), so the current rate is probably higher. || 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 (2.75%) and, beside it, the dynamic currency conversion charge; the first pass had recorded the second figure. Cash advance not applicable to virtual cards. 12 Oct 2026: that correction was itself wrong. The MITC prints the rate before and from 15 Jun 2026 (2.75% 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 Bank RuPay Credit Card (virtual)?
- No annual fee.
- Does the YES Bank RuPay Credit Card (virtual) give airport lounge access?
- No lounge access is listed for this card.
- What is the forex markup on the YES Bank RuPay Credit Card (virtual)?
- 3.5% of each foreign-currency transaction, before GST.
- Which spends earn no rewards on the YES Bank RuPay Credit Card (virtual)?
- No points on rent, wallet, fuel, government, marketing/advertising, cash withdrawals, cash advance fee and charges, EMI conversions and, from 15 Jun 2026, insurance, education, railways, toll, ferry and jewellery (issuer page).