YES Bank ACE Visa Credit Card
YES Bank
Last updated: Feb 03, 2026
₹499
₹499
2.75%
No lounge access
Contents
YES Bank ACE Visa Credit Card is an entry-level rewards credit card designed for everyday online and offline spends with a strong focus on reward points. Cardholders earn higher reward points on online transactions, decent rewards on regular offline purchases, and basic rewards on select categories like utilities, insurance and government payments. With a low annual fee that can be waived via simple spend milestones, plus a 1% fuel surcharge waiver and purchase protection, the YES Bank ACE Credit Card suits beginners and value seekers who want a simple rewards card without a premium annual fee. This card does not offer airport lounge access or luxury travel benefits, but it works very well as a daily-spend rewards card with YES Rewardz redemption options.
Features of YES Bank ACE Visa Credit Card which makes it unique
High Online Reward Rate at Low Annual Fee
Earn 8 points per ₹200 on online spends while paying a modest fee that is easily waived through achievable milestones.
Makes this card attractive for heavy online shoppers who want strong reward earning without paying high annual fees.
Many competing entry-level cards offer lower reward rates or stricter fee-waiver conditions at a similar fee level.
Reward Points with Broad Everyday Coverage
Even essential payments such as utilities, insurance and government services earn basic reward points instead of being completely excluded.
Maximises earning potential on mandatory monthly expenses that often do not earn rewards on other cards.
Several rival cards offer zero rewards on utilities, insurance and government-related payments.
Rewards Structure of YES Bank ACE Visa Credit Card
Online Shopping
acceleratedEligible online transactions on popular e-commerce, travel, food delivery and biller websites; selected merchant categories only as per YES Bank list.
Best earn rate on this card; ideal for users who spend heavily on online shopping, travel bookings, and digital payments in eligible categories.
Offline Shopping
acceleratedRegular POS swipes at retail stores, supermarkets, restaurants and other eligible offline merchants excluding restricted categories.
Good earn rate for everyday in-store purchases like groceries, dining and fashion shopping.
Select Categories
baseUtility bill payments, insurance premiums, education fees, government services, rent payments, wallet loads and a few other low-margin categories.
Reward rate is lower on these categories but you still earn some points on essential payments other cards may exclude fully.
Fuel and EMI Transactions
baseFuel transactions where surcharge is being waived, cash withdrawals and transactions converted to EMI.
Fuel spends enjoy a 1% surcharge waiver instead of reward points; cash and EMI spends are excluded from rewards.
Milestones of YES Bank ACE Visa Credit Card
First Year Fee Reversal
₹5,000 within 30 days of card setup : Joining fee of ₹499 + GST reversed in the next statement.
Annual Renewal Fee Reversal
₹50,000 in the 12 months preceding renewal : Renewal fee of ₹499 + GST reversed for that year.
Fees & Charges of YES Bank ACE Visa Credit Card
| Fee & Amount | Fee Value |
|---|---|
| Joining Fee | ₹499 |
| Annual Fee | ₹499 |
| Forex Markup Fee | 2.75% |
| Cash Advance Fee | 2.5% |
| Late Payment Fee | ₹1,300 |
| Over Limit Fee | ₹500 |
| Returned Payment Fee | ₹350 |
| Cash Withdrawal Fee | 3% |
Renewal Conditions:First-year fee reversed on spends of ₹5,000 within 30 days; renewal fee reversed on annual retail spends of ₹50,000 in the previous year.
Fee Explanation Finance charges of around 3.8%–3.99% per month apply on revolving balances and cash advances. Cash withdrawals attract a 2.5% fee (minimum ₹300) plus finance charges from the transaction date. Late payment, overlimit, and returned payment fees are levied as per YES Bank’s credit card MITC slabs and can go up to ₹1,300 for higher statement amounts. Fuel surcharge of 1% is waived on eligible transactions but GST on the surcharge is not reversed.
Detailed Explanation of YES Bank ACE Visa Credit Card Fees
First Year Membership Fee: ₹499 + GST (once)
Reversed on spends of ₹5,000 within 30 days from card setup.
Renewal Membership Fee: ₹499 + GST (yearly)
Reversed on retail spends of ₹50,000 in the 12 months before renewal.
Finance Charges: up to 3.8%–3.99% per month (monthly)
Applicable on revolving balances, EMI conversions and cash advances as per MITC.
Cash Advance Fee: 2.5% (min ₹300) (transaction)
Charged on every ATM or cash advance transaction plus finance charges from the date of withdrawal.
Foreign Currency Markup: 2.75% (transaction)
Leviable on all international POS, online and ATM transactions in foreign currency.
Fuel Surcharge Waiver: 1% waiver (transaction)
Valid on fuel transactions between ₹400 and ₹5,000 with a maximum waiver of ₹125 per statement cycle. GST on fuel surcharge is not reversed.
Insurance Coverage with YES Bank ACE Visa Credit Card
Purchase Protection
₹50,000Covers specified mobile phones and consumer durables purchased using the card against accidental damage or theft for a limited period from the date of purchase, as per policy terms.
Credit Shield
₹1,00,000Provides cover on the outstanding card balance in case of accidental death or permanent disability of the primary cardholder, as per insurer and YES Bank guidelines.
Lost Card Liability
₹1,30,000Limits liability for fraudulent transactions after reporting card loss to YES Bank; pre-reporting liability is covered up to the specified amount as per policy terms.
Additional Features of YES Bank ACE Visa Credit Card
Contactless Payments
Tap-and-pay enabled Visa contactless credit card using NFC technology for quick, secure in-store transactions.
Per-transaction limits apply as per RBI and YES Bank guidelines; above the limit, PIN authorisation is required.
Instant EMI and Post-purchase EMI
Convert eligible purchases into EMIs at checkout or after the transaction through YES Bank’s EMI facilities.
Available on eligible transactions above the minimum amount; interest rate, tenure and processing fee vary by offer.
YES Rewardz Redemption
Redeem YES Rewardz points for vouchers, merchandise, travel bookings and more through the YES Rewardz portal.
Reward point to rupee value depends on redemption option; catalogue and partners are subject to change.
Card Against Fixed Deposit
Option to get YES Bank ACE Credit Card issued against a fixed deposit for users building or repairing credit.
Minimum FD value and lien marking rules apply; credit limit is set as a percentage of the FD amount.
Welcome Bonus with YES Bank ACE Visa Credit Card
Welcome Bonus: ₹500 Amazon gift voucher
Bonus Conditions: Voucher issued on eligible spends of ₹1,000 within 30 days of card setup; valid for new primary cardholders and as per latest YES Bank campaign terms.
Application Process for YES Bank ACE Visa Credit Card
Processing Time
5-7 business days after document verification
Online Application
Available
Instant Approval
Not Available
Step-by-Step Process
Visit the YES Bank ACE Credit Card page on the official YES Bank website or a trusted partner marketplace and click on Apply Now.
Fill in your personal details such as name, date of birth, PAN, mobile number, email ID and residential address.
Provide your employment information including company name, designation, monthly income and type of employment (salaried or self-employed).
Upload KYC and income documents such as PAN, Aadhaar, address proof and salary slips or ITR, as requested.
Review the details, accept the terms and conditions, and submit your credit card application online.
YES Bank will verify your documents, conduct credit bureau checks and may call you for additional confirmation if required.
On approval, your digital card details may be shared for online use, and the physical YES Bank ACE Visa Credit Card will be dispatched to your registered address.
Required Documents for YES Bank ACE Visa Credit Card
ID Proof
allAccepted documents:
Address Proof
allAccepted documents:
Income Proof
salariedAccepted documents:
Income Proof
self_employedAccepted documents:
YES Bank ACE Visa Credit Card Merchant Acceptance Network
Domestic Acceptance
Wide acceptance across India at most merchants that support Visa credit cards, including supermarkets, fuel stations, restaurants, retail outlets and service providers.
International Acceptance
Accepted globally at Visa-enabled POS terminals, ATMs and online merchants, subject to foreign currency markup charges.
Online Acceptance
Fully enabled for online transactions on major Indian and international websites for shopping, travel, subscriptions and bill payments.
Payment Technologies
Mobile Wallet Support:
Excluded Merchants
Eligibility Criteria for YES Bank ACE Visa Credit Card
Quick Eligibility Check
Minimum Age
21+
Credit Score
700+
Citizenship
Indian only
Income Requirements
Salaried Applicants
₹25,000
Minimum annual income
Self-Employed Applicants
₹750,000
Minimum annual income
Who Can Apply
Important Conditions
- Primary cardholder should be between 21 and 60 years of age, resident Indian, with stable income from salaried or self-employed sources. Self-employed applicants typically need latest ITR of ₹7.5 lakh or above. A clean credit history with no recent defaults and a minimum credit score of around 700 is recommended. Additional eligibility checks such as existing relationship with YES Bank and internal policy criteria will apply. KYC with valid PAN and Aadhaar is mandatory.
How Approval Is Decided
- Applicant should be an Indian resident aged between 21 and 60 years.
- Stable income with minimum monthly salary of around ₹25,000 for salaried applicants or sufficient declared income for self-employed applicants.
- Good credit profile with a recommended credit score of 700 or higher and no recent major defaults.
- Favourable internal risk assessment by YES Bank including existing relationship, repayment history and documentation quality.
Pros of YES Bank ACE Visa Credit Card
- High reward points on online and offline purchases compared with many other entry-level credit cards.
- Affordable annual fee of ₹499 with achievable spend-based waiver conditions.
- 1% fuel surcharge waiver on eligible transactions, adding extra savings for commuters and frequent drivers.
- Purchase protection, credit shield and lost card liability insurance built-in for additional safety.
- Simple and transparent rewards structure that is easy for beginners to understand and optimise.
Cons of YES Bank ACE Visa Credit Card
- No complimentary airport lounge access or premium travel benefits, which limits appeal for frequent flyers.
- No dedicated movie or OTT platform offers, making it less attractive for heavy entertainment spenders.
- Reward points are capped per statement cycle, reducing overall value for very high spenders.
- Reduced reward rate on utilities, rent, insurance and government payments compared with regular online offline spends.
- Foreign currency markup is competitive but not ultra-low, so it is not the best choice as a primary international travel card.
Frequently Asked Questions about YES Bank ACE Visa Credit Card
What is the joining and annual fee of YES Bank ACE Visa Credit Card?
YES Bank ACE Visa Credit Card typically charges a joining fee of ₹499 + GST and an annual renewal fee of ₹499 + GST. Both fees can be reversed if you meet the spend-based milestones specified by YES Bank for the first 30 days and the yearly cycle.
How many reward points do I earn with YES Bank ACE Credit Card on online and offline spends?
On eligible online shopping spends, you earn 8 reward points per ₹200. On regular offline spends you generally earn 4 reward points per ₹200, and on select categories like utilities and insurance you earn 2 reward points per ₹200, subject to the overall monthly reward cap.
Does YES Bank ACE Visa Credit Card offer a fuel surcharge waiver?
Yes, YES Bank ACE Credit Card offers a 1% fuel surcharge waiver on transactions between ₹400 and ₹5,000 at fuel stations across India, up to a maximum waiver of ₹125 per statement cycle. GST on the fuel surcharge component is not reversed.
Is YES Bank ACE Credit Card good for beginners and salaried professionals?
YES, this card is well-suited for beginners and salaried professionals because it has a low annual fee, simple reward structure, easy fee-waiver milestones, and strong earning on online shopping. It is a practical daily-use rewards card for people who want value without premium-level costs.
Does YES Bank ACE Visa Credit Card provide airport lounge access?
No, YES Bank ACE Visa Credit Card does not currently provide complimentary airport lounge access. If airport lounge visits are important for you, consider pairing it with a separate travel or lounge credit card while using ACE primarily for everyday rewards.
How can I redeem YES Rewardz points earned on my ACE Credit Card?
You can redeem YES Rewardz points through the YES Rewardz portal for gift vouchers, merchandise, travel bookings, partner miles and other options. The value per point may vary depending on the redemption category, so always check the portal for the best-value redemptions.
Who should consider getting the YES Bank ACE Visa Credit Card and who should avoid it?
You should consider the YES Bank ACE Visa Credit Card if you spend regularly on online shopping, groceries, dining and essential bills, want a low-fee rewards card, and prefer simple fee-waiver rules. You may want to avoid or supplement it if you need airport lounge access, luxury travel perks or very high cashback rates on a few specific categories.
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