M16S / Yes Bank / YES Reserv Credit Card
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YES Reserv Credit Card
The YES Reserv Credit Card costs Rs 2,499 a year, waived if you spend Rs 3,00,000 in a year. Its base return is 1.5%. The forex markup is 2%. Lounge visits in India: 3 per quarter (spend-gated). Abroad: 6 per year. Read from the issuer's documents and an aggregator on 12 Oct 2026.
- Annual fee
- Rs 2,499+ GST
- Fee waived at
- Rs 3,00,000annual spend
- Base return
- 1.5%
- Forex markup
- 2%
- Interest
- 2.99%a month
What changed on this card
- Yes Bank narrows the fuel surcharge waiver band on Marquee and Reserv, June 2026
From 15 June 2026 the 1% fuel surcharge waiver covers transactions of Rs 500 to Rs 5,000 on Marquee and Rs 500 to Rs 4,000 on Reserv. Before that date the band was Rs 400 to Rs 5,000. Source: Yes Bank, yes.bank.in, read 28 Oct 2026
- Yes Bank raises cash advance minimum fee from Rs 500 to Rs 650, June 2026
From 15 June 2026 cash withdrawals carry a fee of 2.5% or Rs 650, whichever is higher. Before that date the fee was 2.5% or Rs 500. Source: Yes Bank, yes.bank.in, read 28 Oct 2026
- Yes Bank raises plastic card reissue fee from Rs 100 to Rs 199, June 2026
From 15 June 2026 a lost, stolen or damaged plastic card costs Rs 199 per reissue. The February 2026 edition listed Rs 100 plus GST for these cards. Source: Yes Bank, yes.bank.in, read 28 Oct 2026
- Yes Bank raises branch cash deposit fee to Rs 500 and adds cheque fee, June 2026
From 15 June 2026 depositing Rs 1,000 or more in cash at a Yes Bank branch towards card repayment costs Rs 500 plus GST, up from Rs 100 plus GST. Cheque deposits of Rs 1,000 or more at branches cost Rs 250 plus GST. Source: Yes Bank, yes.bank.in, read 28 Oct 2026
- Yes Bank raises auto debit failure charge to 2.5% or Rs 500, June 2026
From 15 June 2026 an auto debit failure or return costs 2.5% or Rs 500, whichever is higher, capped at Rs 5,000 per customer per statement. The earlier charge was 2% or Rs 450, capped at Rs 1500 per statement. Source: Yes Bank, yes.bank.in, read 28 Oct 2026
- Yes Bank brings back the overlimit facility at Rs 550 a transaction, June 2026
From 1 June 2026 Yes Bank reintroduces the overlimit facility. A standard overlimit charge of Rs 550 plus GST applies to any transaction that exceeds the assigned credit limit, subject to eligibility. Source: Yes Bank, yes.bank.in, read 28 Oct 2026
- Yes Bank lifts Marquee and Reserv utility fee threshold to Rs 50,000, April 2026
From 1 April 2026 the 1% utility fee on Marquee and Reserv applies only when utility spend in the previous calendar month exceeds Rs 50,000, up from Rs 25,000. The fee is capped at Rs 5000 per transaction. Source: Yes Bank, yes.bank.in, read 28 Oct 2026
- Yes Bank lifts Marquee and Reserv toll fee threshold to Rs 75,000, April 2026
From 1 April 2026 the monthly Tolls/Bridges spend threshold for the 1% transportation fee on Marquee and Reserv is Rs 75,000, up from Rs 50,000. The fee also applies to any single transaction above Rs 10,000. Source: Yes Bank, yes.bank.in, read 28 Oct 2026
- Yes Bank raises Marquee and Reserv lounge spend gate to Rs 1,00,000, April 2025
From 1 April 2025 Marquee and Reserv need Rs 1,00,000 spent in the previous quarter to qualify for complimentary domestic lounge access in the next quarter. Source: Yes Bank, yes.bank.in, read 28 Oct 2026
- Yes Bank ties domestic lounge access to Rs 35,000 quarterly spend, April 2024
From 1 April 2024 domestic lounge access depends on spending Rs 35,000 or more in a quarter to qualify for complimentary access in the next quarter. Source: Yes Bank, yes.bank.in, read 28 Oct 2026
Each change is read from the bank's own notice or terms document, linked above. Every card's changes are on the change log.
Fees
| Joining fee | Rs 2,499 |
|---|---|
| Annual fee | Rs 2,499 |
| Annual spend that waives the fee | Rs 3,00,000 |
| Fee notes | Joining Rs 2,499 waived on Rs 40,000 spend in 1 month; annual Rs 2,499 waived on Rs 3 lakh spend in 12 months. Formerly YES First Exclusive. NRI and FD-backed variants exist. |
Rewards
| Welcome benefitunverified | None found. Aggregator: 8,000 points on renewal fee payment. |
|---|---|
| Reward currency | YES Rewardz points |
| Base earn | 12 YES Rewardz points per Rs 200 on offline shopping (except select categories) |
| Base returnunverified | 1.5% |
| Point valueunverified | Rs 0.25 per point on flights/hotels via YES Rewardz (points cover max 70% of invoice); about Rs 0.15 on e-gift vouchers; Rs 0.10 as statement credit |
| Accelerated earn | 24 points per Rs 200 on online shopping (except select categories); 6 points per Rs 200 on select categories (from 15 Jun 2026: utilities MCC 4900 and cable/streaming MCC 4899) |
| Caps | Issuer page: 36,000 points per statement cycle (stated against the online tier); utility (MCC 4900) earn capped at 750 points per cycle. MITC: flights/hotels redemption max 70% of invoice and 2,00,000 points a month. |
| Spends that earn nothing | From 15 Jun 2026 no points on rent, wallet loads, fuel, UPI transactions (RuPay variant), government, marketing/advertising, cash withdrawals, transactions converted to EMI, insurance, education, railways, toll and ferry (issuer page). |
| Points expiry | 3 years from earning |
| Reward notes | Redemption fee Rs 100 + GST per request and Rs 99 + GST convenience fee on flight bookings with points (MITC). Point values by route are from an aggregator citing the MITC; the issuer page only links to a value chart. base_return_pct left null because the rupee value of a YES Rewardz point is not stated on the issuer page (the Rs 0.25 flights/hotels figure is from an aggregator); indicative only: 6 points per Rs 100 offline x Rs 0.25 = 1.5%. |
Transfers
| Partners | Air India Maharaja Club |
|---|---|
| Ratio | 10 points : 1 Maharaja Point (Air India page); minimum balance 2,000 points; one aggregator shows 15:1 |
Travel and perks
| Domestic loungeunverified | 3 per quarter (spend-gated) |
|---|---|
| International loungeunverified | 6 per year |
| Lounge conditions | Domestic access is subject to a spend threshold (issuer page; Rs 1,00,000 in the previous calendar quarter per MITC). Guests charged. International has no spend threshold; Priority Pass with a USD 1 validation hold, or LoungeKey with a hold of up to USD 35 on the RuPay variant. |
| Forex markup | 2% |
| Fuel surcharge waiver | 1% on Rs 500-4,000 transactions, cap Rs 500 per statement |
| Other freebiesunverified | Issuer page: 25% discount offer on BookMyShow; purchase protection plan; golf programme (rounds not stated). Aggregators: golf green-fee waivers (4 rounds a year per one site, 24 per another) and lessons; concierge; Credit Shield cover. |
Charges and eligibility
| Interest per month | 2.99% |
|---|---|
| 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 2 lakh a month or ITR Rs 18 lakh and above; existing YES BANK credit cardholders not eligible. NRI variant: NRE/NRO fixed deposit of Rs 10 lakh or more. |
| Fine-print notes | Issuer product page read 12 Oct 2026: FOREX CONFLICT: the page states 'Preferential Foreign Currency Markup of 2.00%' and a footnote says the markup applicable prior to 15 Jun 2026 was 1.75%. The catalog had 1.75% (from the 11 Oct 2026 re-read of the MITC, which therefore picked up the pre-15-June rate); now 2.0 from the page. The NRI Reserv page still shows 1.75% and appears not to have been updated (its exclusion list is also the pre-June one). Confirms fees (Rs 2,499 first year waived on Rs 40,000 retail spend in one month; Rs 2,499 renewal waived on Rs 3 lakh), interest 2.99% a month (NRI variant 2.49%), 24/12/6 points per Rs 200, the 36,000-point cap, the 750-point utility cap and fuel waiver cap Rs 500. Conflict resolved: aggregators disagreed on whether rent, wallet, insurance and education earn the 6-point rate; the page says they earn nothing from 15 Jun 2026. International lounge access is advertised but no visit counts appear in the page text; no welcome or renewal bonus is mentioned on the page. Network is not stated (golf footnote says 'VISA or Mastercard'). || 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 50,000); fuel 1% + GST on a single transaction above Rs 10,000 or cumulative above Rs 50,000 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 (1.75%) and, beside it, the dynamic currency conversion charge; the first pass had recorded the second figure. Reserv for NRI is charged 2.49% a month interest. |
Questions
- What is the annual fee of the YES Reserv Credit Card?
- Rs 2,499 a year, before GST. It is waived if you spend Rs 3,00,000 in a year.
- Does the YES Reserv Credit Card give airport lounge access?
- Yes. In India: 3 per quarter (spend-gated). Outside India: 6 per year. Conditions: Domestic access is subject to a spend threshold (issuer page; Rs 1,00,000 in the previous calendar quarter per MITC). Guests charged. International has no spend threshold; Priority Pass with a USD 1 validation hold, or LoungeKey with a hold of up to USD 35 on the RuPay variant.
- What is the forex markup on the YES Reserv Credit Card?
- 2% of each foreign-currency transaction, before GST.
- Which spends earn no rewards on the YES Reserv Credit Card?
- From 15 Jun 2026 no points on rent, wallet loads, fuel, UPI transactions (RuPay variant), government, marketing/advertising, cash withdrawals, transactions converted to EMI, insurance, education, railways, toll and ferry (issuer page).