M16S / Yes Bank / Yes Paisabazaar PaisaSave Credit Card
entry · cashback, cobrand, upi
Yes Paisabazaar PaisaSave Credit Card
The Yes Paisabazaar PaisaSave Credit Card costs Rs 499 a year, waived if you spend Rs 1,20,000 in a year. Its base return is 1% (2 points per Rs 200 (1%) on other spends). The forex markup is 3.5%. It lists no airport lounge access. Read from the issuer's own documents on 31 Oct 2026.
- Annual fee
- Rs 499+ GST
- Fee waived at
- Rs 1,20,000annual spend
- Base return
- 1%
- 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 | Rs 499 |
| Annual spend that waives the fee | Rs 1,20,000 |
| Fee notes | No joining fee; annual (renewal) Rs 499 waived on Rs 1.2 lakh retail spend in the card anniversary year; not applicable to cards issued lifetime free. Physical Mastercard plus a free RuPay virtual card (no joining or renewal fee) for existing PaisaSave holders. |
Rewards
| Reward currency | Reward points (1 point = Rs 1) |
|---|---|
| Base earn | 2 points per Rs 200 (1%) on other spends |
| Base return | 1% |
| Point value | 1 point = Rs 1 as statement credit via YES Rewardz; no redemption charge |
| Accelerated earn | 12 points per Rs 200 (6%) on specific dining and travel MCCs (restaurants, bars, fast food, airlines, airports, travel agencies, hotels), not on UPI; UPI on the RuPay card earns 1% only on transactions above Rs 2,000 |
| Caps | Rewards capped at 3,000 per statement cycle on the 6% tier; base points keep accruing beyond that. |
| Spends that earn nothing | Rent, utilities, education, insurance, EMI, wallet loads, cash advances, tolls, government services, fuel, hospitals, pharmacies, telecom equipment and services, passenger railways, jewellery, advertising, consulting/professional/business services, doctors, several automotive categories; UPI below Rs 2,000. |
| Points expiry | 3 years from earning (MITC general rule) |
| Reward notes | base_return_pct = 1 point per Rs 100 x Rs 1; both the earn rate and the 1 RP = INR 1 value are stated on the issuer page. The exclusion list is unusually long: pharmacies, hospitals and telecom earn nothing. Before 15 Dec 2025 the card paid 3% online and 1.5% offline instead. |
Travel and perks
| Domestic lounge | None |
|---|---|
| International lounge | None |
| Forex markup | 3.5% |
| Fuel surcharge waiver | 1% on Rs 500-3,000 transactions, cap Rs 250 per statement (Rs 125 on the RuPay virtual card) |
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; salaried or self-employed; 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 Paisabazaar. |
| Fine-print notes | Issuer product page read 12 Oct 2026: source_product_page was Paisabazaar's page (now moved to source_other); every reward field is now confirmed on YES BANK's own PaisaSave and PaisaSave RuPay pages: 6% (12 RP per Rs 200) on dining and travel MCCs, 1% (2 RP per Rs 200) on other spends, 1 RP = Rs 1, no redemption charge, the 3,000 cap per statement cycle, the exclusion list and the fee. A lifetime-free variant exists. Neither page states the forex markup; 3.4% (MITC reading; Paisabazaar's page shows 3.50%) stays unverified and may be the pre-15-June-2026 rate. || 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 (3.40%) and, beside it, the dynamic currency conversion charge; the first pass had recorded the second figure. Partner page (Paisabazaar) shows 3.50%. Not the same product as the Federal Bank Paisabazaar Paisaback card. 12 Oct 2026: that correction was itself wrong. The MITC prints the rate before and from 15 Jun 2026 (3.4% then 3.5%); 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 Paisabazaar PaisaSave Credit Card?
- Rs 499 a year, before GST. It is waived if you spend Rs 1,20,000 in a year.
- Does the Yes Paisabazaar PaisaSave Credit Card give airport lounge access?
- No lounge access is listed for this card.
- What is the forex markup on the Yes Paisabazaar PaisaSave Credit Card?
- 3.5% of each foreign-currency transaction, before GST.
- Which spends earn no rewards on the Yes Paisabazaar PaisaSave Credit Card?
- Rent, utilities, education, insurance, EMI, wallet loads, cash advances, tolls, government services, fuel, hospitals, pharmacies, telecom equipment and services, passenger railways, jewellery, advertising, consulting/professional/business services, doctors, several automotive categories; UPI below Rs 2,000.