YES First Business Credit Card

Siddarth

Are you a self-employed professional on the lookout for a credit card that gets your lifestyle and business needs? Well, you’re in luck! The YES FIRST Business Credit Card is here to offer a fantastic mix of travel perks, great rewards, and some exclusive benefits just for you.

This card is a perfect match for self-employed travelers. Here’s what you can expect:

a) Reward Points

You can rack up to 16 points for every Rs. 200 you spend on travel and dining!
Other purchases earn you 4 points.
Plus, you’ll get 5X points on your first three transactions after signing up for YES PayNow.
You can easily convert those points into Air Miles or use them for a bunch of rewards like movie tickets and bookings.

b) Annual & Milestone Perks

Hit Rs. 12 lakh in spending each year and score 20,000 bonus points.
When it’s time to renew, you’ll get another 15,000 points after paying the fee.

c) Welcome Offers

Some rumors say you might get 20,000 points on your first transaction within 30 days.
Others mention a free Rs. 500 Amazon voucher when you spend Rs. 1,000 in the same time frame.

d) Travel Benefits

Enjoy access to 6 international lounges each year and 2 domestic lounges every quarter.
And there’s a low foreign currency markup of just 1.75%.

e) Golf Perks

Get your green fees waived at select golf courses in India.
Plus, enjoy one free golf lesson each month, adding up to 12 lessons a year!

f) Insurance Coverage

You’ll have air accident cover offering Rs. 1 Crore for flight-related deaths.
Get Rs. 25 Lakhs for medical emergencies overseas.
There’s also a credit shield covering accidental death of the primary cardholder up to Rs. 8 Lakhs.
If your card gets lost, you’re protected for up to Rs. 8 Lakhs.

Other Financial Perks

Enjoy a 1% fuel surcharge waiver on transactions between Rs. 400 and Rs. 5,000, with a max limit of Rs. 1,000.
You can have up to 50 days of interest-free credit if you’ve settled your previous balance.
The interest charges on rotating credit are pretty low at 3.5% per month.
Need to convert purchases into easy EMIs? You can start with amounts as low as Rs. 1,500.
Quick loans are also available up to your credit limit.
And get a sweet 15% discount at partner restaurants.
You can make up to 3 rent payments a month for a fee between 0.75% and 1%.
Plus, your card supports contactless payments for secure transactions up to Rs. 5,000.

Fees and Charges

The joining fee is Rs. 999, but you can skip it if you spend Rs. 60,000 in the first 90 days.
The annual fee is also Rs. 999, which gets waived if you spend Rs. 3 Lakh in a year.
Foreign currency transactions will have a 1.75% fee, which is lower than many others.
If you don’t pay your credit on time, the interest is 3.5% monthly, or 3.80% if you’re overdue.
Fuel surcharge waivers apply for transactions between Rs. 400 and Rs. 5,000, capped at Rs. 1,000 per cycle.
Late payment fees can vary, starting from nothing up to Rs. 1,000 based on your balance.
Education payments will incur a 1% fee plus GST via third-party sites.
Enjoy an interest-free period of up to 50 days if your previous balance is settled.
Keep in mind that the contactless payment limit is Rs. 5,000 as per RBI rules.

Eligibility Criteria

You need to be between 21 to 70 years old.
The card is for self-employed individuals, including business owners and partners.
You’ll need a minimum income tax return (ITR) of Rs. 10 Lakhs.
Existing YES Bank credit card holders generally can’t apply.

Required Documents

Address proof can include things like your passport, bills, voter ID, ration card, or Aadhaar card.
Identity proof includes your passport, PAN card, Aadhaar card, voter ID, or driving license.
If you’re self-employed, you’ll need to show recent ITR, an audited profit/loss statement, or your balance sheet.
You’ll also need to fill out an application form and provide some passport-sized photos.

Final Thoughts
Overall, the YES FIRST Business Credit Card is a solid and flexible option that stands out for its travel benefits and a bunch of features that a modern business owner would love. It really is an all-in-one card for your professional and personal adventures!