YES BANK ACE Credit Card

About YES BANK ACE Credit Card

Are you looking for a credit card that rewards your daily spending without requiring a massive salary? The YES BANK ACE Credit Card might be the answer to your wallet's needs.

This card is built for those who want straightforward benefits and a clear path to fee waivers. If you spend just ₹5,000 within your first month, the bank wipes out your joining fee. It is designed for young professionals and individuals who want a reliable entry-level card that provides more than just basic features. You can expect to save roughly ₹2,400 annually through its various benefits and fee reversals.

Targeted at professionals earning at least ₹25,000 monthly, this card fits perfectly for someone who is just starting their credit journey or wants a secondary card for controlled spending. Whether you are ordering essentials or paying your monthly bills, every transaction moves you closer to rewards.

What sets it apart:

• • Low Entry Barrier: Unlike many premium cards, you only need an annual income of ₹3 lakh to apply.
• • Generous Insurance: It offers purchase protection and credit shield covers that are often missing in entry-level segments.
• • Easy Fee Waivers: Spending just ₹4,200 a month on average is enough to make this card free for life.

Quick check: To qualify for this card, you should be between 21 and 60 years old with a CRIF score of 720 or higher. If you meet these criteria, you are already halfway to getting the YES Bank ACE in your hands.

Let's break down why this card stands out in the crowded entry-level market:

Key Benefits & Features of YES BANK ACE Credit Card

The YES Bank ACE focuses on providing value where it matters most for a daily user. From the moment you get the card to your annual renewal, the focus remains on cost-efficiency.

Welcome and Renewal Benefits

The card essentially pays for itself if you use it regularly. The joining fee of ₹499 is reversed if you spend ₹5,000 within the first 30 days of card setup. This is a very low threshold compared to other cards that demand much higher initial spends. Similarly, the annual fee of ₹499 for the next year is waived if your total spends in the previous year cross ₹50,000. For an average user, spending about ₹4,200 monthly on groceries, utilities, and shopping easily hits this target, making the card effectively free.

Reward Points and Redemption

Every time you use your card, you accumulate reward points that hold real monetary value. The conversion rate is set at 1 Reward Point = ₹0.25. While the bank provides a specific catalogue for redemption, you have several flexible options to use your points:

• Travel: Book flights and hotels directly (this usually offers the highest value for your points).
• Vouchers: Access shopping vouchers, e-vouchers, and gift cards from popular brands.
• Utility: Use points for mobile recharges and bill payments.
• Cash-back style: Opt for statement credit to reduce your outstanding bill.

Note that certain categories do not earn points. To maximize your earnings, avoid using the card for fuel, rent, wallet loads, or government services, as these are excluded from the rewards program.

Fuel Surcharge Waiver

While fuel spends don't earn reward points, you do save on the extra costs. You get a 1% fuel surcharge waiver for transactions between ₹400 and ₹5,000. This is valid at all fuel stations across India, helping you save a few hundred rupees every year on your commute.

Robust Insurance Protection

One of the most underrated features of the YES Bank ACE is the security it provides. Most entry-level cards skip insurance, but this card includes:

• Purchase Protection: Up to ₹50,000 to cover accidental damage to items bought using the card.
• Lost Card Liability: You are covered for up to ₹1.3 lakh if your card is lost or stolen and reported promptly.
• Credit Shield: A primary cardholder cover of ₹1 lakh to protect your family from credit card debt in case of unforeseen circumstances.

Eligibility Requirements

To access these features, you must meet the following eligibility criteria:

• Age: 21-60 years for both salaried and self-employed individuals.
• Income: A minimum of ₹3 lakh per annum (₹25,000 monthly).
• Credit Score: A CRIF score of 720 or above is mandatory.

How to Apply for YES BANK ACE Credit Card?

The application process is straightforward. Here is how you can get started:

1. Check Your Score: Before applying, ensure your CRIF score is at least 720. A lower score might lead to a rejection.
2. Visit the Official Portal: Head to the YES Bank website or use the authorized network link to start your application.
3. Fill in Details: Enter your personal information, mobile number, and PAN details.
4. Income Verification: You will need to declare your income. Ensure you meet the ₹25,000 monthly take-home requirement.
5. Submit Documents: Keep your Aadhaar and income proof ready for the digital or physical KYC process.
6. Verification: The bank will review your application and may conduct a physical or digital verification of your workplace or home.
7. Approval and Dispatch: Once approved, the card is usually dispatched within 7-10 working days.

Application processing timelines generally range from 3 to 7 working days depending on how quickly document verification is completed.

Credit Limit & What to Expect

Credit limits are assigned based on your income, credit score, and existing banking relationship. Since the YES Bank ACE is an entry-level card, the starting limits are generally designed to be manageable for first-time users. Credit limits for this card usually range between ₹40,000 and ₹1,50,000, depending heavily on your income proof and credit profile.

To get a higher limit, ensure you have a clean repayment history and keep your credit utilization ratio low. Banks review credit limits every 6-12 months, and you are eligible for an increase if you consistently pay your bills on time.

Comparison Table: YES Bank ACE vs. Competitors

Before you commit, see how the YES Bank ACE stacks up against other popular entry-level cards in the Indian market.

Feature	YES Bank ACE	Axis Neo Card	HDFC MoneyBack+	SBI SimplyClick
Annual Fee	₹499	₹250	₹500	₹499
Fee Waiver Criteria	₹50,000 / year	Custom offers	₹50,000 / year	₹1,00,000 / year
Base Reward Rate	1 RP = ₹0.25	1 Point = ₹0.20	2 RP per ₹150	1 Point per ₹100
Key Advantage	Insurance & Low Income	Zomato/Blinkit Offers	10X Points on Partners	10X Points on Amazon
Winner For	Comprehensive Protection	Foodies/Groceries	HDFC Ecosystem	Online Shopping

The YES Bank ACE is clearly the winner for users who prioritize safety and have a moderate annual spend. While cards like SBI SimplyClick have higher waiver targets (₹1 lakh), the YES Bank ACE remains accessible with a ₹50,000 target. Choose the ACE if you want a card that is easy to keep free and offers high insurance coverage.

Documents Required for YES BANK ACE Credit Card Application

You'll need to submit the following documents when applying:

For Salaried Applicants

• Identity Proof: PAN Card (mandatory), Aadhaar Card, Passport, Voter ID, or Driving License.
• Address Proof: Aadhaar Card, Passport, Utility Bills (not older than 2 months), Rent Agreement, or Property Tax Receipt.
• Income Proof: Latest 3 months' salary slips and 6 months' bank statements.
• Employment Proof: Office ID card or employment letter.

For Self-Employed Applicants

• Identity Proof: PAN Card (mandatory), Aadhaar Card, Passport, Voter ID, or Driving License.
• Address Proof: Aadhaar Card, Passport, Utility Bills (not older than 2 months), or Property Documents.
• Income Proof: Latest 2 years' ITR with computation of income, 6 months' bank statements, and CA-certified financials.
• Business Proof: Business registration certificate, GST registration (if applicable), or Shop Act License.

Note: All documents must be self-attested. The bank may request additional documents during verification.

Who Should Get This Card?

Should you get this card? Here is who benefits most from the YES Bank ACE:

The First-Time Cardholder: You are a junior executive earning ₹30,000 a month. You want a card with a low fee that helps you build your credit score. Since the annual fee waiver only requires you to spend ₹50,000 a year, you can easily achieve this by putting your monthly grocery and electricity bills on the card. You get the safety of insurance without paying a premium price.

The Safety-Conscious Shopper: You shop online frequently and worry about card fraud or damaged deliveries. The ₹50,000 purchase protection and ₹1.3 lakh lost card liability give you peace of mind that most other entry-level cards simply don't offer.

The General Spender: If you don't want to track which merchant gives 5% or 10% cashback and just want a card for "everything else," this works well. The points are simple to understand, and the redemption on yesrewardz.com is straightforward for recharging your phone or buying gift vouchers.

You might want to skip this card if:

• • You travel frequently and need complimentary airport lounge access.
• • You spend heavily on a specific platform like Amazon or Flipkart (where co-branded cards would offer higher returns).
• • You want high-end lifestyle benefits like movie tickets or dining discounts.

BankKaro Expert Review

Based on the card's features, the YES BANK ACE excels at being a low-maintenance, high-security entry-level card. In a market where most basic cards offer very little in terms of protection, the inclusion of a Credit Shield and Purchase Protection is a massive plus. It shows that YES Bank is looking out for the "average Joe" who might be worried about the risks of owning a credit card.

The biggest limitation is the lack of "lifestyle" perks. You won't find lounge access, movie buy-one-get-one offers, or dedicated dining programs here. It is a utility-first card, not a luxury-first card. The reward rate is decent for its class, but it won't make you rich in points.

Our verdict: Choose this card if you earn between ₹25,000 and ₹50,000 monthly and want a reliable, secure card that you can use for free by meeting very reasonable spending targets. It is a solid "starter" card that builds your credit profile while offering better-than-average security features.

Terms and Conditions

The following terms apply to the YES BANK ACE Credit Card:

• The bank may offer a different card variant based on your eligibility. Please carefully read the features of the card offered before submitting your application.
• Reward points are not earned on excluded categories including fuel, rent, wallet loads, government services, EMI transactions, and cash withdrawals.
• Fee waivers are subject to the realization of spends within the stipulated timeframes (30 days for joining fee and 12 months for renewal fee).
• The complete list of applicable charges and legal terms is available in the 'Most Important Terms and Conditions' document on the YES BANK official website.