Key features
What this card is built to do — the highlights that actually matter.
3 points/₹100 on Other (~0.75% value)
3 Zagg Coins per ₹100 on UPI payments made through the Zagg app; nothing on card swipes, taps or other UPI apps. A Zagg Coin is ₹0.25, so the real return is about 0.75%. Minimum ₹50 a transaction; coins per cycle capped at 1.5% of your credit limit; redeemed to your bank account at 4 coins to ₹1
Airport Lounge Access
2 complimentary domestic airport lounge visits per calendar quarter, primary cardholder only, unlocked by ₹50,000 of spend in the previous calendar quarter; guest visits are chargeable
Lifetime Free
No annual fee — ever. Keep this card long-term without any recurring cost.
Fuel Surcharge Waiver
1% waiver on fuel transactions, capped at ₹250/month
UPI Linked
Pay UPI QR codes from your credit line. What UPI payments earn can depend on the app you pay through, so check the rewards details.
✈️ TRAVEL BENEFITS
Lounge access, miles, forex rates and travel perks at a glance.
AIRPORT LOUNGE ACCESS
✓
Domestic lounges
₹2,000
Estimated annual value
3.5%
Forex markup
- Domestic airport lounge access (worth ~₹2,000/yr)
A UPI-first user who pays through the Zagg app, already puts ₹50,000 or more a quarter on one card and flies domestically, and wants a free card that turns that spend into 2 lounge visits a quarter. The coins are a small bonus, not the reason to carry it.
Full reward structure
What you earn on every rupee, per spend category — as of 28 Sept 2026. Rates assume 1 pt = ₹0.25. How we value points →
| Category | Type | Rate | Monthly cap |
|---|---|---|---|
| Otheronly at Zagg app UPI payments at larger merchants (not Bharat QR or mandate payments) | reward points | 0.75%3 pts/₹100 × ₹0.25 | — |
Other: 3 Zagg Coins per ₹100 on UPI payments made through the Zagg app; nothing on card swipes, taps or other UPI apps. A Zagg Coin is ₹0.25, so the real return is about 0.75%. Minimum ₹50 a transaction; coins per cycle capped at 1.5% of your credit limit; redeemed to your bank account at 4 coins to ₹1 · Zagg app UPI payments at larger merchants (not Bharat QR or mandate payments)
Earns nothing on: Rent · Utility Bills · Insurance · Education · Government & Tax · Fuel · Jewellery tax payments fines cable/satellite TV and POI funding earn no coins
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 28 Sept 2026.
| Charge | Amount |
|---|---|
| Annual fee (incl. 18% GST) | Lifetime free |
| Joining fee (incl. 18% GST) | Free |
| Finance charge (APR) | 3.99% p.m. |
| Forex markup | 3.5% |
| Fuel surcharge waiver | 1%, cap ₹250 |
Perks & benefits
Estimated annual value beyond rewards — ~₹2,000/yr in total.
2 complimentary domestic airport lounge visits per calendar quarter, primary cardholder only, unlocked by ₹50,000 of spend in the previous calendar quarter; guest visits are chargeable
Should you get it?
- Best for: Someone who puts ₹50,000 or more a quarter on one card and wants domestic lounge visits from a card that costs nothing to keep, A UPI-first spender who pays through the Zagg app and treats the coins as incidental
- Entry tier — great for first-time and lower-spend users.
- Earns nothing on ordinary spend — its only earn is 0.75% at Zagg app UPI payments at larger merchants (not Bharat QR or mandate payments), and only there.
- Frequent travellers benefit from the included airport lounge access.
Pros & cons
✓ Pros
- Lifetime free, with 2 domestic lounge visits a quarter once you spend ₹50,000 in the previous quarter
- Earns Zagg Coins on UPI scan-and-pay through the Zagg app
- Instant virtual card, managed in-app
✕ Cons
- The advertised "3%" is 3 Zagg Coins per ₹100, and a coin is ₹0.25 — the real return is about 0.75%
- Coins come only from UPI payments made through the Zagg app, at larger merchants; card swipes, contactless taps, online card payments and UPI through other apps earn nothing
- Lounge access needs ₹50,000 of spend in the previous calendar quarter, and then gives 2 domestic visits a quarter to the primary cardholder only
- Coins earned in a cycle are capped at 1.5% of your credit limit, and need a ₹50 minimum transaction
- Fuel, utilities, insurance, education, rent and government spends earn nothing
- The 1% fuel-surcharge waiver covers only fuel transactions of ₹400 to ₹5,000, up to ₹250 a statement cycle, and never fuel paid by UPI
- Not open to anyone who already holds a YES Bank credit card
- App-first card; Zagg also runs separate AU and PNB variants with different rates
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
- 📄Income proof — salary slips (salaried) or ITR (self-employed)
How to redeem rewards
Ways to convert what you earn into real value.
- 🎁Redeem Zagg Coins from the Zagg app straight to your bank account, at 4 coins to ₹1 (₹0.25 a coin)
- 🎁Earn only on UPI payments of ₹50 or more made through the Zagg app
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
The advertised 3% is a coin count, not a rate. Zagg credits coins equal to 3% of the amount and a Zagg Coin is ₹0.25, so the real return is roughly 0.75%, and only on UPI through the Zagg app. The lounge visits are not automatic either, because they need ₹50,000 of spend in the previous quarter.
Frequently asked questions
Can I use the Zagg card on UPI?
Is the Zagg card lifetime free?
Is the Zagg card really 3% back?
How are Zagg Coins redeemed?
Which bank issues the Zagg card?
Can existing YES Bank credit cardholders get the Zagg card?
How has the YES Bank Zagg Credit Card changed over time?
Has the YES Bank Zagg Credit Card been devalued recently?
When did the YES Bank Zagg Credit Card's fees last change?
How did the YES Bank Zagg Credit Card change in 2025?
The bottom line
Judge it on the lounge access, not the rate, and only if you will clear the gate. "Up to 3%" is 3 Zagg Coins per ₹100 and a coin is ₹0.25, so the real return is about 0.75%, below a plain 1% cashback card, and it is paid only on UPI payments made through the Zagg app. The lounge access is conditional: 2 domestic visits a quarter, and only after ₹50,000 of spend in the previous quarter, which is ₹2 lakh a year. If you already spend that on one card and fly domestically, a lifetime-free card that adds up to 8 lounge visits a year earns a place in a wallet. If you do not, it is a 0.75% UPI card with little else to offer.
How this page was built
Counted from this card’s own record: 1 earn rule, 1 paid only at named merchants, the spends listed as earning nothing and 1 recorded perk.
Last updated 28 Sept 2026.
Sources & verification
Fees, reward rates, and benefits for the YES Bank Zagg 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 28 Sept 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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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 2024 · last change Dec 2025
2025
- ◆ BenefitEffective Dec 2025
Rio rebrands to Zagg after Zaggle acquisition
YES Bank Rio Credit Card (Rio Money app)→YES Bank Zagg Credit Card (Zagg Money app)
Following Zaggle's acquisition of Rio.money, the Rio Money app and its YES Bank co-branded card were renamed to Zagg — rio.money now redirects to zagg.money. The rebrand kept each card on the terms it already had; only the brand name changed for existing holders.
Verification: CardAdvisor Research · Confidence: Reconstructed
- ▼ RewardEffective 23 Sept 2025
Coins per statement cycle capped at 1.5% of the credit limit
From 23 September 2025, Zagg's rewards policy limits the coins a cardholder can earn in a statement cycle to coins equal to 1.5% of the card's credit limit, whatever the spend.
Verification: Zagg ↗ · Confidence: High
- ▼ LoungeEffective 1 Apr 2025
Lounge access now needs ₹50,000 of spend in the previous quarter
₹35,000 in a 21st-to-20th quarter window→₹50,000 in the previous calendar quarter, for 2 visits a quarter
From 1 April 2025, YES Bank's domestic lounge programme raised the spend that unlocks lounge visits on this card (then the YES Bank Rio card) from ₹35,000 in a quarter to ₹50,000 in the previous calendar quarter. A holder who clears it gets 2 domestic visits a quarter, primary cardholder only, and guest visits are chargeable.
Verification: YES Bank ↗ · Confidence: High
- ▲ FeeEffective 10 Jan 2025
New cards issued lifetime free, dropping the ₹399 annual fee
₹399 annual fee, waived at ₹1,80,000 of annual spend→Lifetime free, with no joining or annual fee
YES Bank's terms split the card at 10 January 2025. Cards issued from that date carry no joining or annual fee, while cards issued earlier keep the ₹399 annual fee, waived on ₹1,80,000 of annual spend.
Verification: YES Bank ↗ · Confidence: High
- ▼ RewardEffective 10 Jan 2025
New cards stop earning coins on non-UPI spends
0.5 Rio coins per ₹50 on non-UPI spends→No coins on non-UPI spends; coins equal to 3% of eligible UPI payments
YES Bank's Zagg page keeps the old earn only for cards issued before 10 January 2025, at 1.5 Rio coins per ₹50 on UPI and 0.5 per ₹50 on other spends. Cards issued from that date earn on UPI alone, and Zagg's current rewards policy pays coins equal to 3% of the amount, only on UPI payments made through the Zagg app.
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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Source: <a href="https://cardadvisor.in/cards/zagg#value-timeline">YES Bank Zagg Credit Card value timeline</a>, CardAdvisor (CC BY 4.0).
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