M16S / Yes Bank / Yes Max Credit Card
entry · lifetime-free, rewards, upi
Yes Max Credit Card
The Yes Max Credit Card charges no annual fee and no joining fee. It earns 5% rewards, issued as cashback points, on eligible POS and online transactions. The forex markup is 3.5%. Read from the issuer's own documents on 12 Oct 2026.
- Annual fee
- Free
- Fee waived at
- —
- Base return
- —
- 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: zero first-year and renewal membership fee (issuer page; MITC: nil). |
Rewards
| Reward currency | Cashback points (redeemed in the KreditPe app) |
|---|---|
| Base earn | 5% rewards, issued as cashback points, on eligible POS and online transactions |
| Point value | Cashback points redeemable in the KreditPe app; rupee value per point not stated |
| Spends that earn nothing | No reward points on real estate/rentals, wallets, government, gambling, securities/brokers, educational services, utilities and telecom, insurance, railways, tolls and bridges, marketing and advertising, financial institutions and cash, wire transfers, agriculture, contract services, fuel (issuer page; indicative MCC list). |
| Reward notes | base_return_pct not computed: the issuer states '5% rewards on eligible POS/Online transactions' issued as cashback points, but not what a point is worth or whether there is a cap. If a point is worth Rs 1 the return on eligible spends is 5%. |
Travel and perks
| Forex markup | 3.5% |
|---|
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 credit cardholders not eligible; no age or income criteria on the page. |
| Fine-print notes | Issuer product page read 12 Oct 2026: first product detail for this card. The page describes a lifetime-free card for 'the digital-first consumer' with 5% rewards on eligible POS/online transactions (issued as cashback points redeemable in the KreditPe app), UPI convenience and a foreign currency markup of 3.50% (stated on the page; matches the catalog and is now confirmed). cobrand_partner is set to KreditPe because rewards are redeemed in that app, but the page does not call the card co-branded, so it stays in unverified_fields. The network is not stated ('convenience of UPI' suggests a RuPay card or twin). No lounge or fuel-waiver benefit is mentioned. || Earlier notes: Named only in the YES Bank MITC fee and forex tables. No partner, reward or benefit detail was found anywhere. 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 Max Credit Card?
- No annual fee.
- What is the forex markup on the Yes Max Credit Card?
- 3.5% of each foreign-currency transaction, before GST.
- Which spends earn no rewards on the Yes Max Credit Card?
- No reward points on real estate/rentals, wallets, government, gambling, securities/brokers, educational services, utilities and telecom, insurance, railways, tolls and bridges, marketing and advertising, financial institutions and cash, wire transfers, agriculture, contract services, fuel (issuer page; indicative MCC list).