What is the forex markup on the YES Prosperity Cashback Plus Credit Card?

3.5% of each foreign-currency transaction, before GST.

M16S / Yes Bank / YES Prosperity Cashback Plus Credit Card

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YES Prosperity Cashback Plus Credit Card

Yes BankLast checked 11 Oct 2026closed to new applicants fees only

The YES Prosperity Cashback Plus Credit Card costs Rs 1,499 a year. The forex markup is 3.5%. Read from the issuer's documents and an aggregator on 11 Oct 2026.

Annual fee: Rs 1,499+ GST
Fee waived at: —
Base return: —
Forex markup: 3.5%
Interest: 3.99%a month

Fees

Joining fee	Rs 1,499
Annual fee	Rs 1,499
Fee notes	Rs 1,499 joining and annual per the MITC; no spend waiver listed. Aggregators mark the Prosperity Cashback cards as discontinued for new applicants.

Rewards

Reward currency	Cashback

Travel and perks

Forex markupunverified	3.5%
Fuel surcharge waiver	1% on Rs 500-3,000 transactions, cap Rs 100 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
Fine-print notes	Cashback rates not found in a readable source. 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. 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 Prosperity Cashback Plus Credit Card?: Rs 1,499 a year, before GST.
What is the forex markup on the YES Prosperity Cashback Plus Credit Card?: 3.5% of each foreign-currency transaction, before GST.