M16S / Yes Bank / Yes Novio Credit Card
entry · cobrand, lifetime-free, rewards, upi
Yes Novio Credit Card
The Yes Novio Credit Card charges no annual fee and no joining fee. It earns 5 novio coins per Rs 100 on POS, e-commerce and other-app UPI transactions above Rs 2,000. The forex markup is 3.5%. Read from the issuer's own documents on 31 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, for both the Mastercard and the RuPay virtual card (issuer pages; MITC: nil). |
Rewards
| Reward currency | novio coins |
|---|---|
| Base earn | 5 novio coins per Rs 100 on POS, e-commerce and other-app UPI transactions above Rs 2,000 |
| Point value | Redeemed inside the novio app for rewards, offers, vouchers or partner benefits; rupee value per coin not stated; non-transferable |
| Accelerated earn | RuPay virtual card: up to 10 coins per Rs 100 on travel and on UPI above Rs 2,000 through the novio app; 3 coins per Rs 100 on UPI of Rs 2,000 or less through the novio app |
| Spends that earn nothing | No novio coins on real estate/rentals, wallets, gambling, political organisations, securities/brokers, educational services, utilities and telecom, insurance, gift shops, railways, financial institutions and cash, tolls and bridges, tax payments, marketing and advertising, money orders (issuer page; indicative MCC list). |
| Reward notes | base_return_pct not computed: the issuer states 5 coins per Rs 100 but not what a coin is worth. Refunds and reversals claw back coins and milestone progress. |
Travel and perks
| Domestic loungeunverified | None stated on the product page; the issuer FAQ says lounge benefits are not applicable on the RuPay virtual card. The MITC lists a quarterly spend threshold for this card. |
|---|---|
| Lounge conditions | Needs Rs 50,000 spend in the previous calendar quarter (MITC). |
| 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. Applied for through novio. The RuPay virtual card is only for existing novio cardholders. |
| Fine-print notes | Issuer product page read 12 Oct 2026: the novio and novio RuPay pages are live, so status 'open' is confirmed. New from the pages: co-brand partner is novio; the physical card is a Mastercard (the RuPay page's FAQ calls it 'the novio Mastercard Credit Card') with a virtual-only RuPay twin; 5 novio coins per Rs 100, up to 10 on the RuPay card; the exclusion list; income-based eligibility; fuel waiver on Rs 500-3,000 transactions with a Rs 250 cap (matches the catalog). The earlier notes' suggestion that the card might be FD-backed (from other banks' Novio cards) is not supported: the page lists salary/ITR criteria and no deposit; 'Credilio' was an aggregator attribution and is not on the page. The pages say foreign currency conversion charges apply but give no rate; 3.5% stays unverified. || Earlier notes: Present in the YES Bank MITC (with a RuPay virtual variant) but no YES Bank-specific product detail was found. Novio is Credilio's FD-backed card brand, documented publicly on SBM Bank and DCB Bank; whether the YES Bank version is also FD-backed is not confirmed. 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 Novio Credit Card?
- No annual fee.
- Does the Yes Novio Credit Card give airport lounge access?
- No lounge access is listed for this card.
- What is the forex markup on the Yes Novio Credit Card?
- 3.5% of each foreign-currency transaction, before GST.
- Which spends earn no rewards on the Yes Novio Credit Card?
- No novio coins on real estate/rentals, wallets, gambling, political organisations, securities/brokers, educational services, utilities and telecom, insurance, gift shops, railways, financial institutions and cash, tolls and bridges, tax payments, marketing and advertising, money orders (issuer page; indicative MCC list).