What are the key benefits of SBI Credit Cards?

SBI Credit Cards offer a wide range of benefits, including rewards, cashback, lounge access, discounts, and insurance coverage.

How can I apply for an SBI Credit Card?

You can apply for an SBI Credit Card online through the Paisabazaar platform, where you can compare card options and check for pre-approved offers.

What factors should I consider when choosing an SBI Credit Card?

Consider your spending habits, lifestyle, and financial goals to select a card that best suits your needs, such as travel, shopping, or rewards.

How can I manage my SBI Credit Card efficiently?

SBI Card offers a user-friendly mobile app and online banking services to help you manage your card, check statements, make payments, and access additional features.

What precautions should I take to avoid accumulating credit card debt?

Responsible credit card usage includes paying bills on time, managing credit limits wisely, and avoiding unnecessary spending to prevent debt accumulation.

Yes Bank Introduces Prosperity Rewards Plus Credit Card

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Mar 23, 2024

15 Mins

Introduction:

In an effort to provide customers with enhanced benefits, Yes Bank has launched the Prosperity Rewards Plus Credit Card. This new card allows users to earn extra reward points on all their transactions, which can then be redeemed for attractive merchandise. Additionally, customers have the option to avail the card against a Fixed Deposit of Rs. 30,000 and above.

The Prosperity Rewards Plus Credit Card comes with a joining and annual fee of Rs. 399 + GST. However, this fee is reversed once the specified spending milestone is achieved.

To apply for the credit card, customers can visit the Yes Bank website.

Key Highlights of the Prosperity Rewards Plus Credit Card

Some key highlights of the Yes Bank Prosperity Rewards Plus Credit Card include:

- Joining fee: Rs. 399 + GST

- Annual fee: Rs. 399 + GST

- Benefits: Accelerated reward points on select purchases, 12,000 bonus reward points, fuel surcharge waiver, insurance cover, and more.

- Rewards: Earn 2 reward points for every Rs. 200 spent on select categories, and 4 reward points for every Rs. 200 spent on all categories.

- Age eligibility: 21 to 60 years

- Foreign currency transaction fee: 3.40%

- For more detailed information about Yes Bank Credit Card Offers, please check the website.

Features & Benefits of the Prosperity Rewards Plus Credit Card

The Yes Bank Prosperity Rewards Plus Credit Card offers a range of features and benefits, including:

Rewards:

- Accelerated reward points on select transactions made on YESCART.

- 2 reward points for every Rs. 200 spent on select categories.

- 4 reward points for every Rs. 200 spent on all categories except for select categories.

- 5X reward points on the initial 3 transactions of registered billers on YES PayNow (only applicable to the first 5 registered billers).

- 12,000 bonus reward points for spending Rs. 3.6 Lakhs or more each anniversary year.

Insurance Cover:

- Credit Shield cover in case of accidental demise of the primary cardholder.

- Card Protection Plan (CPP) for card loss, theft, fraud, and emergencies.

Fuel Surcharge Waiver:

- 1% fuel surcharge waiver at all fuel stations across India for transactions between Rs. 400 to Rs. 5,000.

Secure Transactions:

- Online transactions are secured with MasterCard SecureCode or Verified by VISA.

Instant EMI:

- Convert transactions of Rs. 2,500 or more into EMIs and earn reward points.

- Zero documentation required.

- Interest rates range from 12% to 15% p.a, with no processing fee.

- Repayment options vary from 3 to 24 months.

Fees:

- Joining fee: Rs. 399 + GST. Reversed upon spending Rs. 10,000 within 90 days of card setup.

- Annual fee: Rs. 399 + GST. Reversed upon spending Rs. 50,000 within 12 months prior to renewal.

Eligibility for the Prosperity Rewards Plus Credit Card

To be eligible for the Yes Bank Prosperity Rewards Plus Credit Card, applicants must meet the following criteria:

- Minimum age: 21 years

- Maximum age: 60 years

- Applicants can be salaried employees or self-employed individuals.

- Minimum net monthly income requirement: Rs. 35,000 or Income Tax Return of Rs. 5 Lakhs & above.

- The Prosperity Rewards Plus Credit Card can also be availed against a Fixed Deposit of Rs. 30,000 and above.

Documents Required for the Prosperity Rewards Plus Credit Card

To apply for the Yes Bank Prosperity Rewards Plus Credit Card, customers will need to submit the following documents:

- Identity proof: PAN Card/ Passport/ Driving License/ Voter ID card/ Aadhar Card or Letter issued by UIDAI/ NREGA Card or Letter issued by NPR containing details of name and address.

- Address proof: Passport/ Driving License/ Voter ID Card/ Aadhar Card/ Letter issued by UIDAI/ NREGA Card.

- Signature proof: Passport/ PAN Card/ Driving License/ NREGA Card.

- Income proof for salaried individuals: Salary slip of the last 2 months (not required if salary account is with Yes Bank), last 2 months' credit card statement, and card face image.

- Income proof for self-employed individuals: Last 1 year's Income Tax Return, last 2 months' credit card statement, and card face image.

- For online access to Yes Bank Credit Card Statements, check the website.

How to Apply for the Prosperity Rewards Plus Credit Card?

Customers can apply for the Yes Bank Prosperity Rewards Plus Credit Card online through the Yes Bank website or MyMoneyMantra. The application process involves the following steps:

- Visit the website of MyMoneyMantra and check your eligibility for the card.

- Fill in the online form.

- Upload the required documents and submit your application.

Other Yes Bank Credit Cards

Yes Bank also offers the following credit cards:

- Yes Prosperity Edge Credit Card

- Yes Premia Credit Card

For more information on these cards, please visit the Yes Bank website.