Editor’s note: This is a recurring post, regularly updated with new information and offers. Last Updated 31st Dec 2023.
Yes Bank has recently started revamping its credit card portfolio and has launched a super premium card by the name of Yes Bank Marquee. The card is gaining a lot of attention due to its USP of great reward on online spending and loads of lounge access which can be shared even with addon card holders.
Let’s check whether the benefits of this card are worth the hype or not!
Contents
Charges and Welcome Benefits
| Joining Fees | ₹9999 + GST |
| Welcome Benefits | 60,000 Reward Points worth up to ₹15,000 |
| Annual Fees | ₹4999 + GST |
| Annual Benefits | 20,000 Reward Points worth up to ₹5,000 |
| Annual Fee Waiver | Waived off on ₹10L annual spending. |
| Add-on Fees | NIL |
| Card Category | Reward Points |
Reward Rate
| Spends Area | Reward Rate | Capping |
| Online Spends | 36 YES Rewardz Points per ₹200 | 1,00,000 YES Rewardz Points |
| Offline Spends | 18 YES Rewardz Points per ₹200 | NIL |
| Special Categories* | 10 YES Rewardz Points per ₹200 | NIL |
- *Select categories include Rental Payments, Wallet Loading, Recharge, Utility Bill Payments, Insurance, Education and Government Payments
- No reward points are applicable on Fuel transactions, Cash withdrawals, Cash Advance fees, post-purchase EMI or instant EMI transactions
Reward Redemption
| Spends Area | Flights/Hotel Bookings | Gift Vouchers | Air Miles Transfer | Statement Credit |
| Online Spends | 4.5% | Up to 4.5% | 1.8% | 2.7% |
| Offline Spends | 2.25% | Up to 2.25% | 0.9% | 1.35% |
| Special Categories* | 1.25% | Up to 1.25% | 0.50% | 0.75% |
- Flights and Hotels can be booked for a value of 25 paise per Yes Rewardz Point
- Gift voucher redemption starts from 10p a point although some of the Gift Vouchers are redeemable at 25p per point
- Convert your Reward Points to Airmiles with our Airline Partners in the ratio of 10 Reward Points = 1 Air Mile (Options: Club Vistara (CV Points) & Intermiles)
- For statement credit 1 Reward Point = 15 paise
Other Benefits
Airport Lounge Access
Domestic Airport Lounge Access
Complimentary Limit – 6 Visits/ Calendar quarter within India for primary and add-on cardholders
Guest Visits: 8 Complimentary Lounge visits per quarter
Access Via – Credit Card
International Airport Lounge Access
Unlimited complimentary Visits outside India for primary as well as add-on cardholders
Guest Visits: 8 Complimentary Lounge visits per quarter
Access Via – Credit Card
Network – LoungeKey
BookMyShow Offer
Buy 1 get 1 movie ticket for a maximum of 3 tickets per calendar month. Offer valid only for Movies tickets. Discount is capped at ₹800 per ticket.
Golf Benefits
- Enjoy waiver of 4 Green Fee at select golf courses in India
- Enjoy one complimentary Golf Lesson every calendar month at select golf courses in India
Purchase Protection Insurance
Purchase Protection – Insurance cover against accidental damage/Burglary in residential premises of the customer as per bank records, for 6 months for mobile & electronic devices purchased online using this card. The maximum limit for the same is ₹50,000.
Fuel Surcharge Waiver
1% waiver for transactions between ₹400 to ₹4000. Maximum surcharge waiver of ₹1000 per statement cycle.
Forex Markup
1% + GST Forex Markup charges are applicable on international transactions. Hence online spending translates to a reward rate of 3.32% which is quite good.
Eligibility and How to Apply?
- 21 to 60 years of age
- Salaried or self-employed
- Minimum Net Salary of INR 3 Lakhs per month or Income Tax Return of INR 24 Lakhs and above
The best way to apply currently is via their website by simply punching in your details online. They are also offering an Amazon voucher for applying directly via their website.
TechnoFino Recommends
Yes Bank Marquee is highly recommended since both the joining fees and the annual fees are well covered by the points being given against the fee. The USP of unlimited lounge access and an unbelievable reward rate for online and offline spending will disrupt the market for sure. Yes Bank should try to rope in some more transfer partners as well if it wants to make its reward points-based card portfolio successful.
A feature-wise comparable card to this can be the ICICI Bank Emeralde Private Metal which comes at a similar joining fee points but without any substantial joining benefits.
Are you planning to get the Yes Bank Marquee Credit card? Tell us in the comments below.
Chief Editor, TechnoFino.
Personal finance nerd! Physics enthusiast and trainer. When not into Physics, he is minting points and hunting for the next best credit card for himself.
Very catchy card but very limited transfer options!
The 4.5% return on flight and hotel bookings is through Yes Bank Portal or in general on any platform? How does that works out.
Its via Yes Bank Portal only.
Does the yes bank rewards portal has good options for gift vouchers like Amazon, flipkart, makemytrip etc? How can we find out?
Yes all vouchers are available.
FOR AMAZON GIFT CARD WHAT IS THE ACTUAL REWAD RATE….MEANS IN 60000 REWARD POINTS CAN WE GET 15000/- RS GIFT VOUCHER…PLEASE CONFIRM
Im currently using Regalia LTF. Does it make sense to make Marquee card as my primary card instead of regalia? My expenses are mix of everything but majority in online spends. Also, in most cases im making direct payments both online and offline (instead of smartbuy or vouchers). Looking for some advice regarding this. Thanks.
Marquee will be much better than Regalia if you want to reap travel benefits from your card.
Can we get this Yes Bank Marquee on C2C without providing any documents? Txs
Can reward points be used for statement credit?
If so, what is the conversion rate?
I have Yes first preferred card and I remember paying for Amazon Voucher in 70/30 ratio e.g. 1000 Rs voucher would require 2800 RPs (~700 Rs) plus 300 Rs with other payment mechanism. I don’t want to make this caveat bigger that what it is but I thought I would mention as it might be applicable for this card too.
I do not think there are guest visits possible on this card, can you please recheck?