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

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

Which spends earn no rewards on the YES Prosperity Cashback Credit Card?

No cashback on fuel, government, marketing/advertising, cash advance fee and charges, lounge charges, EMI on Call and Instant EMI (issuer page).

M16S / Yes Bank / YES Prosperity Cashback Credit Card

entry · cashback

YES Prosperity Cashback Credit Card

Yes BankLast checked 12 Oct 2026closed to new applicants

The YES Prosperity Cashback Credit Card costs Rs 999 a year. Its base return is 0.5% (0.50% cashback on all other spends except fuel). The forex markup is 3.5%. Read from the issuer's own documents on 12 Oct 2026.

Annual fee: Rs 999+ GST
Fee waived at: —
Base return: 0.5%
Forex markup: 3.5%
Interest: 3.99%a month

Fees

Joining fee	Rs 999
Annual fee	Rs 999
Fee notes	No longer issued to new customers. First year Rs 999 and renewal Rs 999; no spend waiver on the page.

Rewards

Welcome benefit	Welcome cashback of Rs 250.
Reward currency	Cashback
Base earn	0.50% cashback on all other spends except fuel
Base return	0.5%
Point value	Rupee cashback
Accelerated earn	5% cashback on movies and grocery (transactions above Rs 500; otherwise 0.5%) and on utility bill payments made through Auto Pay
Caps	5% on movies and grocery capped at Rs 100 per statement cycle; 5% on auto-pay utility bills capped at Rs 100 per cycle; 0.5% utility cashback capped at Rs 750 per cycle, with nothing on utility spends beyond Rs 15,000 in a cycle.
Spends that earn nothing	No cashback on fuel, government, marketing/advertising, cash advance fee and charges, lounge charges, EMI on Call and Instant EMI (issuer page).
Reward notes	base_return_pct = issuer-stated 0.50% rupee cashback on general spends. The 5% tiers are worth at most Rs 100 a cycle each.

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
Eligibility	Closed to new applicants; existing cardholders get a replacement card on expiry.
Fine-print notes	Issuer product page read 12 Oct 2026: confirms 'Issuance of YES Prosperity Cashback Credit Card for new customers has been discontinued' (status closed-to-new, previously from aggregators). New from the page: 5% cashback on movies, grocery and auto-pay utility bills, 0.5% on other spends, the caps, the Rs 250 welcome cashback and fuel waiver cap Rs 100. Confirms the Rs 999 fees. Forex markup: the page does not state the current rate; its footnote says only that 3.40% applied before 15 Jun 2026. 3.40% is kept as the last known figure and stays unverified; sibling cards whose pages do state a current rate went up on that date (Reserv 1.75 to 2.00, Select 2.75 to 3.50, First Business 1.75 to 2.00, Prosperity Business 2.50 to 3.00), so the current rate is probably higher. \|\| Earlier 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 Credit Card?: Rs 999 a year, before GST.
What is the forex markup on the YES Prosperity Cashback Credit Card?: 3.5% of each foreign-currency transaction, before GST.
Which spends earn no rewards on the YES Prosperity Cashback Credit Card?: No cashback on fuel, government, marketing/advertising, cash advance fee and charges, lounge charges, EMI on Call and Instant EMI (issuer page).