Yes Bank · with Zagg (Zaggle)RuPayLast checked 31 Oct 2026
The Yes Zagg RuPay Credit Card (formerly Rio) charges no annual fee and no joining fee. Its base return is 0.75%. The forex markup is 3.5%. Lounge visits in India: 2 per quarter (spend-gated). Read from the issuer's documents and an aggregator on 31 Oct 2026.
YesZagg RuPay Credit Card (formerly Rio)Card design not shown
Annual fee
Free
Fee waived at
—
Base return
0.75%
Forex markup
3.5%
Interest
3.99%a month
Fees
Joining fee
Free
Annual fee
Free
Fee notes
Lifetime free for cards issued from 10 Jan 2025. Cards issued before that (as Rio) carry Rs 399 + GST a year, waived on Rs 1.8 lakh annual spend.
Rewards
Reward currency
Zagg Coins
Base earnunverified
3% of transaction amount as Zagg Coins on UPI payments made through the Zagg app (minimum Rs 50, larger merchants only)
Base return
0.75%
Point valueunverified
Aggregator values 4 coins at Rs 1 (Rs 0.25 a coin); redeemed in the Zagg app to bank account
Capsunverified
Aggregator: coins per cycle capped at 1.5% of the credit limit (from 23 Sep 2025).
Spends that earn nothingunverified
Aggregator: nothing on card swipes, taps, online card payments, UPI through other apps, Bharat QR, mandates, rent, utilities, insurance, education, government, fuel, jewellery.
Reward notes
base_return_pct = 3 coins per Rs 100 x Rs 0.25 = 0.75%, using an aggregator's coin value, not the issuer's.
Travel and perks
Domestic loungeunverified
2 per quarter (spend-gated)
International lounge
None
Lounge conditions
Needs Rs 50,000 spend in the previous calendar quarter (MITC threshold). Primary cardholder only.
Forex markup
3.5%
Fuel surcharge waiver
1% on Rs 400-5,000 transactions, cap Rs 250 per statement; none on UPI fuel payments
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
Eligibilityunverified
Aggregator: age 21-60; income Rs 25,000 a month; existing YES Bank credit cardholders not eligible.
Fine-print 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. Rio.money was acquired by Zaggle and the YES Bank Rio card renamed Zagg (aggregator, Dec 2025). Zagg also issues on AU Bank and PNB with different terms. 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 Zagg RuPay Credit Card (formerly Rio)?
No annual fee.
Does the Yes Zagg RuPay Credit Card (formerly Rio) give airport lounge access?
Yes. In India: 2 per quarter (spend-gated). Outside India: none listed. Conditions: Needs Rs 50,000 spend in the previous calendar quarter (MITC threshold). Primary cardholder only.
What is the forex markup on the Yes Zagg RuPay Credit Card (formerly Rio)?
3.5% of each foreign-currency transaction, before GST.
Which spends earn no rewards on the Yes Zagg RuPay Credit Card (formerly Rio)?
Aggregator: nothing on card swipes, taps, online card payments, UPI through other apps, Bharat QR, mandates, rent, utilities, insurance, education, government, fuel, jewellery.