What is the annual fee of the YES First Preferred Credit Card?

Rs 999 a year, before GST. It is waived if you spend Rs 2,50,000 in a year.

Does the YES First Preferred Credit Card give airport lounge access?

Yes. In India: Spend-gated; visit count not found. Outside India: none listed. Conditions: Needs Rs 75,000 spend in the previous calendar quarter (MITC).

What is the forex markup on the YES First Preferred Credit Card?

2% of each foreign-currency transaction, before GST.

Which spends earn no rewards on the YES First Preferred Credit Card?

No points on rent, wallet, fuel, cash withdrawals, Post Purchase EMI and Instant EMI, government, marketing/advertising and, from 15 Jun 2026, insurance, education, railways, toll, ferry and jewellery (issuer page).

M16S / Yes Bank / YES First Preferred Credit Card

mid · rewards, travel

YES First Preferred Credit Card

Yes BankLast checked 12 Oct 2026closed to new applicants

The YES First Preferred Credit Card costs Rs 999 a year, waived if you spend Rs 2,50,000 in a year. Its base return is 1%. The forex markup is 2%. Lounge visits in India: Spend-gated; visit count not found. Read from the issuer's documents and an aggregator on 12 Oct 2026.

Annual fee: Rs 999+ GST
Fee waived at: Rs 2,50,000annual spend
Base return: 1%
Forex markup: 2%
Interest: 3.99%a month

Fees

Joining fee	Rs 999
Annual fee	Rs 999
Annual spend that waives the fee	Rs 2,50,000
Fee notes	No longer issued to new customers. First year Rs 999 waived on Rs 50,000 retail spend within three months of card set-up; renewal Rs 999 waived on Rs 2.5 lakh retail spend in the 12 months before renewal. NRI and FD variants exist.

Rewards

Reward currency	YES Rewardz points
Base earn	8 reward points per Rs 200 on all categories except 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 earn	4 points per Rs 200 on select categories (from 15 Jun 2026: taxis, bus lines, utilities, grocery and miscellaneous food stores)
Caps	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, cash withdrawals, Post Purchase EMI and Instant EMI, government, marketing/advertising 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: 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	Spend-gated; visit count not found
Lounge conditions	Needs Rs 75,000 spend in the previous calendar quarter (MITC).
Forex markupunverified	2%
Fuel surcharge waiver	1% on Rs 500-5,000 transactions, cap Rs 250 per statement
Other freebies	Green-fee waiver on golf rounds (count not stated); 25% discount offer on BookMyShow; Instant EMI at partner stores. NRI variant page also lists medical emergency cover of Rs 25 lakh.

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	Closed to new applicants; existing cardholders get a replacement card on expiry. NRI variant criteria: age 21-60, net salary Rs 2 lakh a month or ITR Rs 18 lakh, and an NRE/NRO fixed deposit with the bank.
Fine-print notes	Issuer product page read 12 Oct 2026: confirms 'Issuance of YES First Preferred Credit card for new customers has been discontinued' (closed-to-new), 8 points per Rs 200 (4 on select categories), the 300-point utility cap, the Rs 999 renewal fee waived on Rs 2.5 lakh and fuel waiver cap Rs 250. New: first-year fee Rs 999 (joining_fee was null), the exclusion list, golf and movie benefits. Interest 3.99% a month, 2.49% against FD or for NRI. Forex markup: the page does not state the current rate; its footnote says only that 1.75% applied before 15 Jun 2026. 1.75% 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. Lounge access is referred to in the page terms but no counts are given. The NRI page for this card was also read and is consistent. \|\| 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. 12 Oct 2026: that correction was itself wrong. The MITC prints the rate before and from 15 Jun 2026 (1.75% then 2.0%); 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 First Preferred Credit Card?: Rs 999 a year, before GST. It is waived if you spend Rs 2,50,000 in a year.
Does the YES First Preferred Credit Card give airport lounge access?: Yes. In India: Spend-gated; visit count not found. Outside India: none listed. Conditions: Needs Rs 75,000 spend in the previous calendar quarter (MITC).
What is the forex markup on the YES First Preferred Credit Card?: 2% of each foreign-currency transaction, before GST.
Which spends earn no rewards on the YES First Preferred Credit Card?: No points on rent, wallet, fuel, cash withdrawals, Post Purchase EMI and Instant EMI, government, marketing/advertising and, from 15 Jun 2026, insurance, education, railways, toll, ferry and jewellery (issuer page).