YES Prosperity Rewards Plus Credit Card Review

The Prosperity Rewards Plus, provided by the YES Bank, is an exciting option for those who earn more than Rs.25,000 per month. This card comes with many interesting benefits! To know more about them, keep reading!

Features and Benefits

Reward Points8 Reward Points on every INR 200 on Travel & Dining Spends effective (Capped at 1,500 per statement cycle),
4 Reward Points for every INR 200 on all categories other than ‘Select categories,
2 Reward Points for every INR 200 on Select categories,
Accelerated rewards points will continue to be offered on select transactions on YESCART.
Annual Bonus RewardsEarn  12,000 bonus reward points on spending Rs. 3.60 lakh annually.
Credit ShieldSecure your online transactions with MasterCard SecureCode or Verified by VISA.
Fuel Surcharge WaiverGet a 1% Fuel surcharge waiver at all fuel stations across India for transactions between INR 400 to INR 5,000.
Insurance CoverageAccess a Credit Shield cover in case of accidental death of Primary Cardmember.

Fees and Taxes

The charges for this card are:

Joining FeeRs. 399 (waived off on spending Rs. 10,000 within 90 days of card activation)
Renewal FeeRs. 399 (waived off on spending Rs. 50,000 within 12 months prior to the renewal)
Interest Rate on Revolving Credit3.5% per month (42% annually) on Revolving Credit, Cash Advances and Overdue Amount
Interest-free PeriodUp to 50 days
Cash Withdrawal Limit30% of the credit limit
Finance Charges/Cash Advance Fee3.50% of the amount
Overlimit Fee2.5% of the over-limit amount (min. Rs. 500)
Foreign Exchange Mark-up3.40%
Late Payment ChargesFor balance-Below or equal to Rs. 100- NilFrom Rs. 100 to Rs. 500- Rs. 150From Rs. 501 to Rs. 5,000- Rs. 500From Rs. 5,001 to Rs. 20,000- Rs. 750Above Rs. 20,000- Rs. 1,000
Add-on Card FeeNil (up to 3 cards can be issued)
Payment Return Charges (Autopay/Cheques)Rs. 350 per instance

Eligibility Criteria

If you want to apply for this card, consider the following criteria:

  • Income:
    • Salaried applicants: Rs. 35,000 per month,
    • Self-employed applicants: ITR of Rs. 5 lakh or above.
  • Age: 21 to 60 years old.

The demanded documents are:

  • Proof of Identity: PAN Card, Aadhaar card, Driver’s License, Passport, Voter’s ID, Overseas Citizen of India Card, Person of Indian Origin Card, Job card issued by NREGA, Letters issued by the UIDAI,
  • Proof of Address: Aadhaar card, Driver’s License, Passport, Utility Bill not more than 3 months old, Ration Card, Property Registration Document, Person of Indian Origin Card, Job card issued by NREGA, Bank Account,
  • Proof of Income: The latest one salary slip, Latest Form 16, Last 3 months’ bank statement.