YES Bank First Preferred Credit Card
YES Bank · Mastercard
Closed to new applicants. YES Bank has stopped issuing this card; existing cardholders keep their benefits.
Why this card?
- Closed to new applicants
- Earns reward points — the issuer does not clearly publish their rupee value
- ₹999 joining and annual fee; renewal fee waived on ₹2.5 lakh yearly spend
- 8 domestic and 4 international airport lounge visits a year
- 1% fuel surcharge waiver
Card details
- Issuer
- YES Bank
- Network
- Mastercard
- Annual Fee
- ₹999
- Joining Fee
- ₹999
- Reward Type
- points
- Best Reward Rate
- 12% on travel and dining spends
- Forex Markup
- 2%
- Domestic Lounge
- 8/yr
- Min. Monthly Income
- ₹50,000
- Rates verified
- 2026-10-06
Our verdict
YES Bank has stopped taking new applications for the First Preferred card. It is a mid-tier rewards card with a strong travel and dining earn rate — 12 Reward Points per ₹200 on travel and dining, 2 domestic lounge visits per quarter and 4 international visits a year at a ₹999 annual fee. It's a good card for existing holders who spend on dining and travel and want YES Bank's rewards ecosystem.
Pros
- 12 Reward Points per ₹200 on travel and dining — strong category earn rate
- 8 complimentary domestic lounge visits a year (2 per quarter) — practical benefit at this fee level
- 6 RP/₹200 base earn rate on other spends
- 2% forex markup
Cons
- Only 4 international lounge visits a year, and domestic lounge access depends on prior-quarter spend
- YES Bank RP redemption is less flexible than cash or airline miles for most users
- ₹999 joining and annual fee, with the waiver needing ₹2.5 lakh of annual spend