The YES First Business Credit Card costs Rs 999 a year, waived if you spend Rs 3,00,000 in a year. Its base return is 1%. The forex markup is 2%. Lounge visits in India: 2 per quarter (spend-gated). Abroad: 6 per year (outside India), via Priority Pass. Read from the issuer's documents and an aggregator on 12 Oct 2026.
Joining Rs 999 waived on Rs 20,000 spend in 1 month; annual Rs 999 waived on Rs 3 lakh spend in 12 months (MITC). Some aggregators still show Rs 2,499.
Rewards
Reward currency
YES Rewardz points
Base earn
8 YES Rewardz points per Rs 200 on all categories other than select categories
Base returnunverified
1%
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 earnunverified
16 points per Rs 200 on air, hotel, dining, travel-agency and similar travel MCCs (capped at 3,000 points per statement); 4 points per Rs 200 on select categories (local transport, taxis, buses, utilities, grocery, insurance, education, tolls). Aggregator: optional paid subscription plans (Rs 3,500 / Rs 5,000) multiply points on travel, dining, fashion, healthcare (not on the issuer page).
Caps
Issuer page: 16-point tier capped at 3,000 points per statement. MITC: utility earn capped at 300 points per cycle; flights/hotels redemption max 1,00,000 points a month.
Spends that earn nothing
No points on rent, wallet, fuel, government transactions, cash withdrawals, Post Purchase EMI, EMI on Call and Instant EMI (issuer page).
Points expiry
3 years from earning
Milestone benefits
20,000 reward points on annual spends of Rs 12 lakh or more in each anniversary year.
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: 4 points per Rs 100 x Rs 0.25 = 1.0%.
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
Travel and perks
Domestic loungeunverified
2 per quarter (spend-gated)
International lounge
6 per year (outside India), via Priority Pass
Lounge conditions
Domestic needs Rs 75,000 spend in the previous calendar quarter (MITC); the domestic visit count is from an aggregator. International: USD 1 validation hold per visit.
Forex markup
2%
Fuel surcharge waiver
1% on Rs 500-5,000 transactions (Rs 400-5,000 before 15 Jun 2026), cap Rs 500 per statement
Other freebiesunverified
Issuer page: green-fee waiver on golf rounds (count not stated). Aggregator: 4 golf green-fee rounds and 12 lessons a year.
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 21-70; self-employed individuals, proprietors and partners of partnership firms; minimum ITR Rs 10 lakh; existing YES BANK credit cardholders not eligible.
Fine-print notes
Issuer product page read 12 Oct 2026: FOREX CONFLICT: the page states 'Attractive Foreign Currency Markup Fee of 2.00%' and a footnote says the markup applicable prior to 15 Jun 2026 was 1.75%. The catalog had 1.75% (from the 11 Oct 2026 re-read of the MITC, which therefore picked up the pre-15-June rate); now 2.0 from the page. Confirms fees (Rs 999 first year waived on Rs 20,000 retail spend in one month; Rs 999 renewal waived on Rs 3 lakh), 16/8/4 points per Rs 200, the 3,000-point cap on the 16-point tier (the aggregator had not said what it applied to: it is travel and dining MCCs), 6 international lounge visits a year, the 20,000-point milestone, fuel waiver cap Rs 500 and the eligibility criteria. Domestic lounge count and golf round count are not on the page. Network is not stated (page refers to Mastercard, RuPay and VISA generically). || 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 (1.75%) and, beside it, the dynamic currency conversion charge; the first pass had recorded the second figure.
Questions
What is the annual fee of the YES First Business Credit Card?
Rs 999 a year, before GST. It is waived if you spend Rs 3,00,000 in a year.
Does the YES First Business Credit Card give airport lounge access?
Yes. In India: 2 per quarter (spend-gated). Outside India: 6 per year (outside India), via Priority Pass. Conditions: Domestic needs Rs 75,000 spend in the previous calendar quarter (MITC); the domestic visit count is from an aggregator. International: USD 1 validation hold per visit.
What is the forex markup on the YES First Business Credit Card?
2% of each foreign-currency transaction, before GST.
Which spends earn no rewards on the YES First Business Credit Card?
No points on rent, wallet, fuel, government transactions, cash withdrawals, Post Purchase EMI, EMI on Call and Instant EMI (issuer page).