YES Private Credit Card

Ritika

The YES Private Credit Card is like a special VIP pass for the very wealthy, and you can only get it by invitation. It’s all about giving a small group some amazing travel perks and lifestyle benefits that you won’t find with regular premium cards.

Who Can Get This Card?

You can’t just sign up; you need an invite from YES Bank.
If you want to be a YES Private client, it’s generally expected that you have around ₹5 Crore.
While it’s mainly for invitees, some folks might be able to ask for it.
You have to be an Indian resident, aged between 21 and 65, to apply.

Why Think About This Card?

The YES Private Credit Card offers many benefits for wealthy people who enjoy luxury travel and special perks. Here’s what it offers:

1. Welcome & Milestone Benefits

Welcome Benefit: You'll get 2 lakh bonus points after paying the joining fee. This mostly covers the ₹50,000 fee. Plus, you'll also receive a ₹9,000 Oberoi e-gift voucher.
Milestone Bonus: Spend ₹10 Lakh in 90 days, and earn an extra 50,000 points. Another source mentions getting 10,000 points for spending ₹3 Lakh in the same period.

2. Travel Perks

a) Airport Privileges:

Enjoy priority check-in and access to a private lounge.
Get VIP service from the curb to the plane.
Skip long lines and go through private security.
Luggage help and delivery to lounges is included.
Access personal shoppers and executive car services.

b) Lounge Access:

Unlimited free lounge access for you and add-on cardholders.
You get 12 free guest visits to lounges every year.
Access 850 lounges in 400 cities around the world.
Lounges include business facilities, snacks, and drinks.

c) Private Air Charter & Cruise Benefits:

Save up to $1,000 on round-trip private charters.
Save $500 on ground transportation related to it.
Discounts on Avalon Waterways cruises.

d) Car Rental Discounts:

35% off a 3-day Avis rental (up to $100/day).
10% off a 3-day Hertz rental (up to $200/day).

e) Vacation Benefits:

Save $100 per person on Globus and Monograms vacations.

f) Hotel Benefits:

You get perks like free room upgrades and breakfast at top hotels.
Early check-in and hotel credits are included.
Stay two nights at Oberoi Hotels and get the third night free.

3. Insurance Coverage

You can get air accident insurance of up to ₹5 Crore when you book a ticket with your YES Private Credit Card.
Emergency hospital cover abroad up to ₹1 Crore, with the same ticket requirement.
Credit shield cover gives up to ₹15 Lakh if the cardholder passes away accidentally.
Lost card liability cover offers protection up to ₹10 Lakh.
Global emergency services for card replacement and cash advance while traveling.

4. Other Features & Benefits

a) Golf Privileges:

12 free green fees every year at top courses (3 per quarter).
12 free golf lessons each year (3 per quarter).
4 guest green fee accesses annually (1 per quarter).

b) Movie & Event Tickets:

Buy One Get One Free ticket, up to four free tickets each month.
Get 50% off event tickets via BookMyShow, max ₹1,000 discount monthly.

c) Health & Wellness Benefit:

Access to over 10,000 medical experts and a personal advisor.
Covers you, your spouse, kids, and parents.

d) Add-on Cards:

You can get up to five free add-on cards for family.
Everyone with an add-on also enjoys access to the lounge.

e) Fuel Surcharge Waiver:

Get waivers for transactions between ₹400 and ₹5,000, with unlimited usage.

5. Overall Value Proposition

The welcome benefits make the high joining fee worth it.
It boasts low forex fees and fantastic travel perks for frequent flyers.
You get a good mix of lifestyle and travel benefits, which is a nice change from other premium cards.
Many people view it as a status symbol if they like brand exclusivity.

6. Reward Program

Domestic: Earn 20 points for every ₹200 spent (2.5% value-back).
International: Earn 40 points for every ₹200 spent (5% value-back); after forex fees, return is about 4.5%.

Reward Point Value and Redemption:

Each point is worth ₹0.25.
You can use points for travel, airline/hotel transfers, gift vouchers, or merchandise.
Cash statement redemptions might only be around ₹0.60 per point.

Exclusions:

You don’t earn points on fuel, rent, cash advances, fees, or EMIs.
Insurance payments are capped at 2,000 points a year for up to ₹10 Lakh spent.

Things to Keep in Mind

The yearly fee is pretty steep, and you need to spend ₹25 Lakh in a year to dodge it.
It’s clearly designed for big spenders.
Reward points might not stretch too far—they’re only worth ₹0.25 each.
If you want cash or vouchers, the value drops to about ₹0.60.
Not many airline partners for transferring points.
It’s a plastic card, not metal, which might be a letdown for some.
Concierge services come with added costs.

Fees and Charges
This card does have some fees you should know about:

Joining Fee: ₹50,000 plus taxes for the first year.
Annual Fee: ₹10,000 plus taxes for subsequent years.
Fee Waiver: No annual fee if you spend ₹25 Lakh or more in that year.
Foreign Transaction Fee: Just 0.5% for international transactions, much better compared to the usual 3.5%.
Other Charges: Monthly finance charge is 2.99%, and there are no late payment fees.

So, in short, the YES Private Credit Card is perfect for wealthy travelers who love luxury. With its great perks and low forex fees, it’s definitely a strong contender in the world of high-end credit cards.