YES Bank RewardZ Redemption Options - for MARQUEE Credit Card

[SSV]

YES Bank CC RewardZ Redemption

(Note: YES CC RewardZ Redemption is different to SB Bank Account RewardZ)​

Disclaimers:
1) As I am fairly new to YES Bank, (one statement old) , please bear with me, I will update and fine tune this post as and when required...
2) I am not sure, if the redemption for Marquee is different to other card varaints.. other card variants' veterans can provide their input ...

Other useful links:
Link for MARQUEE CC review:

Thread 'Yes Bank MARQUEE Credit Card launched - Features & Benefits | Full Details'
https://www.technofino.in/community...aunched-features-benefits-full-details.22261/


Begin:

Login to the CC YES rewardz portal
via link : https://credit.yesrewardz.com/
by using your RMN & OTP and CC Number..

Home Screen



Options available for Redemption:

1) E-Gift Vouchers
@ 0.15 = AGV, FK, Myntra,
@ 0.25 = Swiggy, Zomato,Amazon Prime, Croma, Dominos, , MMt - Hotel , Yatra
2) Share Reward Points( to other YES CC customer)
3) Credit Card Bill Payment(i.e. Statement Credit @0.15)
4) Flight ( @0.25)
5) Hotel (@0.25)
6) Air Miles
InterMiles and Club Vistara
(@ 4 Reward points = 1 AirMile)
7) Catalogue
8) Golf
9) Charity..
10) Bill Pay ( @0.10 )
11) Movies ( ... coming soon)

Reward Redemption Matrix




Joining / Renewal Fee Recovery Matrix

​

Flight Booking Comparison Example:

HYD to MAA on 31/01/2024 for one adult:

1) RewardZ = 3,477 - Refundable
2) Amazon = 3,386 - No cancellation
3) MMT = 3,686. - No cancellation

So, it’s kind of comparable with about 5% variation.

YES Rewardz:

View attachment 40757





Amazon Flights:


MMT





Total Available Voucher Options: 59







A few Screenshots for redemptions:

​

 

[avijith7]

I've

very difficult question as of now ..
I would ask you to wait for a month or so to get some clarification on this.
Yes bank still haven't formalised their CC policy , I believe..
Meanwhile ask the same question and see what they say and update us..

I've already asked this through email. They said to wait for 3 to 4 months for any possible upgrade, subject to any future upgrade being done after evaluation according to their credit policy.

 

[SSV]

I've

I've already asked this through email. They said to wait for 3 to 4 months for any possible upgrade, subject to any future upgrade being done after evaluation according to their credit policy.

Then if you think your reserv is not much useful close it and re apply..
Before this, what’s your credit profile like and annual income etc?
Do you believe you are eligible for Marquee?

 

[avijith7]

Then if you think your reserv is not much useful close it and re apply..
Before this, what’s your credit profile like and annual income etc?
Do you believe you are eligible for Marquee?

Yes. I think I fulfil the credit profile. I have Axis Atlas and HDFC DCB cards, and annual income is around 20 lacs, with a CIBIL score of 787.

 

[SSV]

Yes. I think I fulfil the credit profile. I have Axis Atlas and HDFC DCB cards, and annual income is around 20 lacs, with a CIBIL score of 787.

then go for closure of reserv and see if there are any retention offers..
my recommendation : dont wait , go for closure

 

[avijith7]

then go for closure of reserv and see if there are any retention offers..
my recommendation : dont wait , go for closure

Thanks. I will do this then. I was anyway finding Reserv to be less useful for me.

 

[avijith7]

then go for closure of reserv and see if there are any retention offers..
my recommendation : dont wait , go for closure

Does closure of credit card affect CIBIl score?

 

[SSV]

Does closure of credit card affect CIBIl score?

No . .
whats your oldest card age?

 

[avijith7]

4 years, ICICI Sapphiro card. All payments done in time

 

[avijith7]

No . .
whats your oldest card age?

4 years, ICICI Sapphiro Card, with all bill payments done within time.

 

[SSV]

4 years, ICICI Sapphiro card. All payments done in time

then dont worry , you can close you reserv ..

 

[avijith7]

then dont worry , you can close you reserv ..

Thanks a lot!

 

[helloworld]

Thanks a lot!

Rewards point of view both are more or less same. Some card features like BMS, lounge for add-on specific to Marquee but reward point of view both are similar.. before proceed for closure, do check once. Depend on your spends you may pick the best card, just giving you second thoughts.

YES Marquee vs YES Reserv 3x vs YES Reserv 5x

Category YES MARQUÉE YES RESERV 3x YES RESERV 5x Suitable for for online spends for all spends for Travel, Dining, Apparel, and Healthcare spends JF (First Year Membership Fee) 11800 (incl. GST) 2360 (incl. GST) 2360 (incl. GST) Joining benefits / Net Return 15,000 (+3,200) 2360 off on...

www.technofino.in

Do consider you already have atlas (which needs 7.5L spends to get good value), DCB for smartbuy.

 

[avijith7]

then dont worry , you can close you reserv ..

I have closed my Yes Bank Reserv Card. Should I wait for some days or immediately apply for the Marquee Card?

 

[SSV]

I have closed my Yes Bank Reserv Card. Should I wait for some days or immediately apply for the Marquee Card?

if you dont mind a cibil hit you can apply now..
better if you can wait for a month and then appy for it..
menwhile check with cc and update us.

 

[MangoRush]

Why is it allowing only to use 50% points for redemption ? Is it something new or was it always there ?
I have 20k+ point totally now.

 

[SSV]

Why is it allowing only to use 50% points for redemption ? Is it something new or was it always there ?
I have 20k+ point totally now.

I never tried.. it's news for me.
What are you trying to redeem them for??

 

[plastikman]

After escalating to the highest levels, I have received 2 addon Marquee cards.

If anyone desires to apply for addon cards -

1. Apply via branch as they have to physically verify signatures and attest the kyc documents 🤦

2. If branch is unhelpful, then fill in the form, get it attested via branch and then courier to their Yes Bank head office.

3. Keep on escalating till the branch relents and gets it done.

It has emerged through many back and forth communication that they do not have an online method yet.

 

[plastikman]

Why is it allowing only to use 50% points for redemption ? Is it something new or was it always there ?
I have 20k+ point totally now.

Yes, it allows 50% points to be redeemed when using pay by points.

 

[MangoRush]

I never tried.. it's news for me.
What are you trying to redeem them for??

Any E Gift Voucher

 

[MangoRush]

Yes, it allows 50% points to be redeemed when using pay by points.

So, in reality, I can never redeem the full points at any given time ?
If I redeem my half points(10k out of 20k), will I be able to redeem the next 50%( 5k out of 10k) the same day ?
Will both transactions be charged ?