Yes Bank · with FreoVisa · RuPayLast checked 12 Oct 2026closed to new applicants
The Yes FREO Credit Card costs Rs 399 a year, waived if you spend Rs 1,00,000 in a year. Its base return is 1% (1% cashback on eligible spends (described as unlimited)). The forex markup is 3.4%. It lists no airport lounge access. Read from the issuer's documents and an aggregator on 12 Oct 2026.
YesFREO Credit CardCard design not shown
Annual fee
Rs 399+ GST
Fee waived at
Rs 1,00,000annual spend
Base return
1%
Forex markup
3.4%
Interest
3.99%a month
Fees
Joining fee
Rs 399
Annual fee
Rs 399
Annual spend that waives the fee
Rs 1,00,000
Fee notes
Issuer page: zero joining fee; membership fee Rs 399 for the first year and each renewal, charged only if the spend condition is missed: Rs 10,000 retail spend in the first 30 days waives the first year, Rs 1,00,000 in the anniversary year waives the next renewal. (The MITC labels the first-year Rs 399 a joining fee; it is recorded in joining_fee.)
Rewards
Reward currency
Cashback (Visa) and YES Rewardz points (RuPay virtual)
Base earn
1% cashback on eligible spends (described as unlimited)
Base return
1%
Accelerated earnunverified
RuPay virtual (aggregator; the issuer's '/freo-rupay-credit-card' URL serves the generic YES BANK RuPay card page with the same rates): 4 points per Rs 200 on UPI spends above Rs 2,000; 2 points per Rs 200 on online spends
Caps
None: the issuer page describes the 1% cashback as unlimited.
Spends that earn nothing
No cashback on fuel, rent, transfers to wallets, government MCCs, ATM withdrawals, utility payments, cash advances, fees and charges, EMI transactions. Personal spends only (issuer page). An aggregator also said UPI spends earn no cashback; the page does not say.
1% on Rs 400-5,000 transactions, cap Rs 125 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
No longer open to new applicants; existing cardholders are asked to contact the bank to move to another card variant. Criteria when offered: 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: STATUS CHANGE: the page says 'We are no longer accepting applications for YES BANK FREO Credit Card' and asks existing cardholders to get the card upgraded to another variant; status set to closed-to-new (was open). Confirms unlimited 1% cashback, the Rs 399 fee and its waivers, and the fuel waiver (Rs 400-5,000, cap Rs 125; this page was not updated with a 15 Jun 2026 range). Conflicts: ITR criterion Rs 7.5 lakh (aggregator said Rs 5 lakh); the page calls the first-year Rs 399 an annual membership fee with zero joining fee, which reconciles the MITC (Rs 399 joining) with Paisabazaar (nil joining). Rent is limited to 3 transactions per 30 days on this card. The page does not state the network or the forex markup. || 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. Paisabazaar's page shows older interest (3.8% a month) and late-fee slabs; the MITC figures are used here.
Questions
What is the annual fee of the Yes FREO Credit Card?
Rs 399 a year, before GST. It is waived if you spend Rs 1,00,000 in a year.
Does the Yes FREO Credit Card give airport lounge access?
No lounge access is listed for this card.
What is the forex markup on the Yes FREO Credit Card?
3.4% of each foreign-currency transaction, before GST.
Which spends earn no rewards on the Yes FREO Credit Card?
No cashback on fuel, rent, transfers to wallets, government MCCs, ATM withdrawals, utility payments, cash advances, fees and charges, EMI transactions. Personal spends only (issuer page). An aggregator also said UPI spends earn no cashback; the page does not say.