M16S / Yes Bank / YES EMI Card
entry · cashback
YES EMI Card
The YES EMI Card costs Rs 499 a year, waived if you spend Rs 1,20,000 in a year. Its base return is 1% (1% cashback on transactions not converted into EMI). Accelerated earn: 3% cashback on select merchants via YES Cart. 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
- Rs 499+ GST
- Fee waived at
- Rs 1,20,000annual spend
- Base return
- 1%
- Forex markup
- 3.5%
- Interest
- 3.99%a month
Apply on yes.bank.inOpens the bank’s own page.
Fees
| Joining fee | Rs 499 |
|---|---|
| Annual fee | Rs 499 |
| Annual spend that waives the fee | Rs 1,20,000 |
| Fee notes | Rs 499 first year and renewal for cards on-boarded on or after 28 Aug 2024; Rs 749 for cards on-boarded between 1 Jul 2022 and 28 Aug 2024 (issuer page). MITC: annual fee waived on Rs 1.2 lakh spend in 12 months. |
Rewards
| Reward currency | Cashback |
|---|---|
| Base earn | 1% cashback on transactions not converted into EMI |
| Base return | 1% |
| Point value | Cashback credited to the card account within 90 days of month end |
| Accelerated earnunverified | 3% cashback on select merchants via YES Cart |
| Capsunverified | Issuer page: 1% cashback capped at Rs 500 a month. Aggregator: 3% tier capped at Rs 1,000 a month. |
| Spends that earn nothing | No cashback on transactions converted into EMI (issuer page). |
| Reward notes | base_return_pct = issuer-stated 1% rupee cashback, capped at Rs 500 a month, and only on transactions that are not auto-converted to EMI. |
Travel and perks
| Domestic lounge | None |
|---|---|
| International lounge | None |
| Forex markup | 3.5% |
| Fuel surcharge waiver | 1% on Rs 500-3,000 transactions, cap Rs 250 per statement |
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. |
| Fine-print notes | Issuer product page read 12 Oct 2026: confirms automatic EMI conversion (3 to 12 months), 1% cashback up to Rs 500 a month on non-EMI transactions and a 1% processing fee on converted transactions. Conflicts: the page gives the EMI interest rate as 18% (aggregator said 16% p.a.); ITR criterion Rs 7.5 lakh (aggregator said Rs 5 lakh). The 3% YES Cart tier and its cap are not on the page and remain aggregator values. The page does not state the forex markup (3.5% stays unverified), the network, or the fee waiver. || Earlier notes: Aggregator: purchases above Rs 5,000 are auto-converted to EMI within 5 working days at 16% p.a. reducing balance (3, 6 or 12 months by ticket size) with a 1% processing fee, so this is a borrowing product more than a rewards card. 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 3.5% not independently confirmed; the Yes Bank MITC prints the markup beside the dynamic currency conversion charge and other cards were misread this way. |
Questions
- What is the annual fee of the YES EMI Card?
- Rs 499 a year, before GST. It is waived if you spend Rs 1,20,000 in a year.
- Does the YES EMI Card give airport lounge access?
- No lounge access is listed for this card.
- What is the forex markup on the YES EMI Card?
- 3.5% of each foreign-currency transaction, before GST.
- Which spends earn no rewards on the YES EMI Card?
- No cashback on transactions converted into EMI (issuer page).