In-depth review
YES Bank Ace Credit Card
The budget option in YES Bank's range — a ₹499 no-frills online-shopping card with the easiest fee waiver going (₹50,000 annual spend). Earns 8 YES Rewardz per ₹200 online (capped 5,000/cycle), ~0.8% at the everyday point value. No lounge, golf or movie benefits — the extras are a coffee buy-one-get-one and purchase protection. Sold on Visa per our records and not UPI-linked.
Read the full review →Key features
What this card is built to do — the highlights that actually matter.
0.8% on Online Shopping
8 YES Rewardz per ₹200 on online spends (~0.8% at ₹0.20/pt), capped at 5,000 points a statement cycle
0.4% on Other
4 YES Rewardz per ₹200 on offline and other spends (~0.4% at ₹0.20/pt)
Annual Fee Waiver
Fee of ₹499 + 18% GST (₹589 all-in)/yr fully waived when you spend ₹50,000/year
24x7 Concierge
Buy-one-get-one on coffee at participating mall outlets, per YES Bank's offer terms and conditions; a purchase-protection plan also applies to eligible purchases
Fuel Surcharge Waiver
1% waiver on fuel transactions, capped at ₹100/month
For the everyday online shopper who wants a cheap, no-frills points card with an easy fee waiver — especially as a second card for online spends. Skip it if you want lounge access or lifestyle perks, or if most of your spend falls in excluded categories like rent, fuel, wallet loads and UPI.
Full reward structure
What you earn on every rupee, per spend category — as of 11 Oct 2026. Rates assume 1 pt = ₹0.20. How we value points →
| Category | Type | Rate | Monthly cap |
|---|---|---|---|
| Online Shopping | reward points | 0.8%4 pts/₹100 × ₹0.20 | ₹1,000 |
| Other | reward points | 0.4%2 pts/₹100 × ₹0.20 | — |
| Utility Bills | reward points | 0.2%1 pts/₹100 × ₹0.20 | ₹30 |
Online Shopping: 8 YES Rewardz per ₹200 on online spends (~0.8% at ₹0.20/pt), capped at 5,000 points a statement cycle
Other: 4 YES Rewardz per ₹200 on offline and other spends (~0.4% at ₹0.20/pt)
Utility Bills: 2 YES Rewardz per ₹200 on Select categories — utilities (MCC 4900) and cable/streaming (4899), capped 150 points a cycle (MITC v18 p10)
Earns nothing on: Rent · Wallet Loads · Fuel · UPI · Government & Tax · Insurance · Education · Cash Advances · EMI Conversions · Railways · Tolls & Road Fees · Ferry · Jewellery · Marketing and advertising
These spends earn no rewards at all — not a reduced rate, and not the base rate. They are also normally left out of any milestone or fee-waiver calculation.
Fees & charges
The numbers that matter beyond rewards — verify on the issuer site before applying. Fees below are shown inclusive of 18% GST, as of 11 Oct 2026.
| Charge | Amount |
|---|---|
| Annual fee (incl. 18% GST) | ₹589 |
| Joining fee (incl. 18% GST) | ₹589 |
| Finance charge (APR) | 3.99% p.m. |
| Forex markup | 3.5% |
| Fuel surcharge waiver | 1%, cap ₹100 |
| Reward redemption fee | ₹100 |
Perks & benefits
Estimated annual value beyond rewards — ~₹2,000/yr in total.
Buy-one-get-one on coffee at participating mall outlets, per YES Bank's offer terms and conditions; a purchase-protection plan also applies to eligible purchases
1% fuel surcharge waiver on transactions between ₹500 and ₹3,000, capped at ₹100 a month
Should you get it?
- Best for: Everyday online shoppers who want a cheap points card, People wanting a low-commitment second card for online spends, YES Bank customers who value an easy ₹50,000 fee waiver
- Entry tier — great for first-time and lower-spend users.
- Strongest value if you spend heavily on Online Shopping (0.8% back).
Pros & cons
✓ Pros
- Lowest fee in the YES range (₹499) with an easy ₹50,000 annual-spend waiver
- 8 YES Rewardz per ₹200 on online spends, plus 2 per ₹200 on select categories (utilities and cable/streaming)
- 1% fuel surcharge waiver on transactions between ₹500 and ₹3,000 (capped ₹100 a month)
- Buy-one-get-one coffee at participating mall outlets and a purchase-protection plan
✕ Cons
- Online earning is capped at 5,000 YES Rewardz a statement cycle, limiting the effective rate
- No lounge, golf or movie benefits
- YES Rewardz are worth only ~₹0.20 on vouchers and products; rent, fuel, wallet loads, UPI, government payments, insurance and education earn nothing
- A ₹100 + GST fee applies each time you redeem reward points, so redeem in fewer, larger batches
- Existing YES Bank credit cardholders are not eligible to apply
Eligibility & documents
This is the figure for salaried applicants. Where YES Bank sets a separate one for the self-employed, its own eligibility page gives it.
Documents required
- 📄PAN card
- 📄Aadhaar / valid address proof
- 📄Latest 3 months bank statement
- 📄Income proof — salary slips (salaried) or ITR (self-employed)
- 📄Recent passport-size photograph
How to redeem rewards
Ways to convert what you earn into real value.
- 🎁Redeem YES Rewardz on the YES rewardz portal for vouchers and products (~₹0.20/point)
- 🎁Redeem for flights and hotels via the YES rewardz portal for the best value (up to ~₹0.25/point)
- 🎁A ₹99 + GST convenience fee applies to flight bookings made with points
- 🎁YES Rewardz expire 3 years after accrual
What your YES Reward Points are worth
Realistic value per point by redemption route — the difference is what most people leave on the table.
Capped at 50% of the point balance; ₹100 + GST per redemption request
Capped at 50% of the balance and ₹25,000 a calendar month
YES's best route — capped at 70% of invoice value; ₹99 + GST convenience fee on flights
Air India is YES's only transfer partner, and the flagship is NOT the best deal: YES Private and Private Prime convert 8:1 (⇒ ₹0.125/pt) while Marquee and every other card sit at 10:1 (⇒ ₹0.10/pt) — the rate YES itself publishes as '1 Air Mile per 10 Reward Points'. Both sit below the ₹0.25 flights-and-hotels route, so on YES transferring destroys value. No minimum; credited in up to 7 working days.
✈ Transfer partners
Direct transfers from this card only, ranked by what a point is worth in the destination programme. Full calculator, every currency →
Online earning is capped at 5,000 points a cycle and YES Rewardz are worth only ~₹0.20 on everyday redemptions, so the real return is modest; there are no lounge, golf or movie benefits, and rent, fuel, wallet loads, UPI, government payments, insurance and education spends earn nothing.
Frequently asked questions
How much does the Ace earn?
What is the joining and annual fee, and how are they waived?
Does the Ace have lounge access?
Is the Ace available on RuPay, and can it be linked to UPI?
What are YES Rewardz worth on this card?
How has the YES Bank Ace Credit Card changed over time?
Has the YES Bank Ace Credit Card been devalued recently?
When did the YES Bank Ace Credit Card's fees last change?
How did the YES Bank Ace Credit Card change in 2026?
The bottom line
The Ace is the honest budget option in YES Bank's range: 8 YES Rewardz per ₹200 online (capped at 5,000 a cycle) is a modest ~0.8% at the ₹0.20 everyday point value, but the ₹499 fee waives at just ₹50,000 of spend, so most regular users hold it effectively free. There are no lounge, golf or movie benefits — the extras run to a coffee buy-one-get-one and purchase protection — and points are best redeemed for flights and hotels where they hold more value. A sensible low-commitment second card for online spends; not one to build a wallet around.
How this page was built
Counted from this card’s own record: 3 earn rules, 2 of them capped, the spends listed as earning nothing and 2 recorded perks. The renewal fee is conditional — it is waived on a published spend target, so the fee you pay depends on what you spend.
Last updated 11 Oct 2026.
Sources & verification
Fees, reward rates, and benefits for the YES Bank Ace Credit Card are taken from YES Bank's official Most Important Terms & Conditions (MITC) and fee schedule — see the card's official page. Last updated 11 Oct 2026. Reviewed by Devchandra Sah. Always confirm current details on the issuer's site before applying. How we research →
Independence. CardAdvisor is an independent editorial publication. We are not affiliated with, endorsed by, sponsored by, or authorised to act for YES Bank. All issuer names, product names, and payment-network marks are the property of their respective owners and appear here for identification and comparison only. Card faces shown on this site are our own original illustrations — we do not display or host issuer card artwork or logos.
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Guides and reviews related to this card.
Value timeline
Every real-world change to this card's rewards, fees and benefits we've tracked — newest first, each linked to its source.
Tracking since 2022 · last change Jun 2026
2026
- ▼ FeeEffective 15 Jun 2026
Cash-advance, auto-debit and deposit fees raised
Cash advance 2.5% or ₹500 · auto-debit failure 2% or ₹450 (capped ₹1,500 a statement) · branch cash deposit ₹100 · card re-issuance ₹100→Cash advance 2.5% or ₹650 · auto-debit failure 2.5% or ₹500 (capped ₹5,000 a statement) · branch cash deposit ₹500 · cheque deposit ₹250 · card re-issuance ₹199
The same 15 June 2026 MITC revision lifted YES BANK's across-the-board service charges, so the slip-ups cost an Ace holder more — a failed auto-debit, an ATM cash advance, paying the bill in cash or by cheque at a branch, or replacing a lost card. None of this touches what the card earns, but it raises the price of using it carelessly.
Verification: YES Bank ↗ · Confidence: High
- ▼ FeeEffective 15 Jun 2026
Forex markup raised 2.75% to 3.50%
2.75%→3.50%
YES BANK's MITC v18 raises the Ace's foreign-currency mark-up from 2.75% to 3.50% with effect from 15 June 2026, on top of the flat 1% dynamic-currency-conversion charge on INR-billed international transactions. A ₹50,000 overseas spend now costs ₹375 more in markup alone, which pushes an already point-thin card firmly out of contention for foreign spending.
Verification: YES Bank ↗ · Confidence: High
- ▼ BenefitEffective 15 Jun 2026
Fuel surcharge waiver window narrowed to ₹500–₹3,000
₹400 to ₹5,000 per transaction→₹500 to ₹3,000 per transaction
From 15 June 2026 the Ace's 1% fuel surcharge waiver only applies to fuel transactions between ₹500 and ₹3,000, so a full-tank fill above ₹3,000 stops qualifying. The monthly ceiling is unchanged at ₹100 a statement cycle, and fuel paid through UPI earns no waiver at all.
Verification: YES Bank ↗ · Confidence: High
- ▼ RewardEffective 15 Jun 2026
Reward exclusions widen; select categories shrink to utilities + streaming
Insurance, education, railways, toll, ferry and jewellery earned points; select categories included insurance and education→No points on insurance, education, railways, toll, ferry or jewellery or UPI transactions; select categories now only utilities (MCC 4900) and cable/streaming (MCC 4899)
Effective 15 June 2026 YES Bank stopped awarding YES Rewardz on insurance, education, railway, toll, ferry and jewellery transactions (and, on the Ace, UPI transactions) — on top of the existing rent, wallet, fuel, government, marketing/advertising, cash and EMI exclusions. The half-rate "select categories" tier was simultaneously narrowed to utilities (MCC 4900) and cable/streaming services (MCC 4899) only. The card's own page publishes the new lists.
Verification: YES Bank ↗ · Confidence: High
- ▲ BenefitEffective 1 Jun 2026
Over-limit facility reinstated at a ₹550 charge
Withdrawn — spends above the sanctioned limit were declined→Available on eligible accounts; ₹550 + GST per over-limit transaction
YES BANK brought the over-limit facility back on 1 June 2026, so a transaction that breaches the sanctioned credit limit can go through instead of being declined — at ₹550 plus GST each time. Eligibility and the permissible headroom are at the bank's discretion, based on credit profile and repayment behaviour.
Verification: YES Bank ↗ · Confidence: High
Each change links to the issuer's own document — bank T&C, MITC, notice, press release or product page — where one is public. Where the bank published nothing, it's marked CardAdvisor Research and verified against the card's current terms. Independent of the live terms shown above. This timeline is one card's slice of our market-wide change record across every tracked card.
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