YES Bank ELITE+ Mastercard Credit Card
YES Bank
Last updated: Feb 03, 2026
₹999
₹999
2.75%
11 visits/yr
Contents
YES Bank ELITE+ Mastercard Credit Card is a premium lifestyle and rewards credit card positioned between mid-range and super-premium cards, ideal for affluent salaried and self-employed professionals who spend heavily on online shopping, travel, fuel and entertainment. The card offers accelerated YES Rewardz on online purchases, rewards even on categories like utilities and insurance at a lower rate, and the option to boost earnings via 3X and 5X Rewards Subscription Plans. With complimentary domestic and international airport lounge access, a BookMyShow movie offer, golf privileges, fuel surcharge benefits, purchase protection and strong insurance coverage, it delivers solid value for frequent travellers and digital-first users. This YES Bank Elite Plus Mastercard review covers fees, charges, lounge access, golf benefits, insurance, rewards structure and ideal user profile to help you decide if this card justifies its annual fee.
Features of YES Bank ELITE+ Mastercard Credit Card which makes it unique
Rewards Subscription Plans (3X & 5X)
Optional subscription add-ons that multiply your base YES Rewardz earn rate by 3X or 5X on eligible spends.
Allows heavy spenders to significantly increase effective reward rate, turning ELITE+ into a high-earning rewards engine for online shopping and lifestyle spends.
Few mid-fee premium cards in India offer such configurable reward multipliers, giving YES Bank ELITE+ a unique edge for optimisers.
Premium Lounge & Golf Benefits at Sub-₹1,000 Fee
Complimentary domestic and international lounge access plus golf privileges (green fee waiver and coaching) on a comparatively low ₹999 annual fee slab.
Delivers premium travel and lifestyle experiences similar to higher-fee credit cards, making it cost-effective for travellers and golfers.
Competing lifestyle cards at similar fee often lack international lounge access or golf benefits, whereas ELITE+ combines both.
Insurance-Rich Premium Card
Strong set of insurance covers including lost card liability, credit shield and purchase protection for online gadget spends.
Adds safety and peace of mind, especially for users who spend heavily online or carry larger revolving balances.
Many rival cards either do not disclose detailed insurance amounts or offer only basic coverage, while ELITE+ clearly emphasises ₹3 lakh covers.
Rewards Structure of YES Bank ELITE+ Mastercard Credit Card
Online Shopping
acceleratedAll eligible online retail spends including major e-commerce, fashion, electronics and travel websites, excluding restricted categories as per MITC.
Effective reward rate is around 1.5% value-back on online spends assuming 1 YES Rewardz Point ≈ ₹0.25 when redeemed via the YES Rewardz portal or for flights and vouchers.
Offline Retail Spends
baseAll eligible POS retail transactions at supermarkets, department stores, dining, fuel and other merchants, excluding special categories.
Approximate value-back is ~0.75% on general offline spends when points are redeemed for travel, vouchers or statement credit.
Select Categories (Utilities, Insurance, Government, Education etc.)
baseUtility bills, insurance premiums, government services, education and other select categories defined by YES Bank as lower reward-earning segments.
Despite being low-yield categories for most banks, YES Bank ELITE+ still offers ~0.5% value-back here, which is a differentiator versus many cards that exclude such spends from rewards completely.
Rewards Subscription Plan 3X
baseOptional paid subscription where eligible spends earn 3X YES Rewardz compared to base earn rates.
Best suited for heavy spenders who can justify the subscription fee by significantly boosting reward earnings on consistent high monthly spends.
Rewards Subscription Plan 5X
basePremium add-on subscription where eligible spends earn 5X YES Rewardz versus base earn rates.
Designed for very high-spend customers; when optimised, can push effective reward rate well above 3–4% on select categories, especially online shopping.
Milestones of YES Bank ELITE+ Mastercard Credit Card
First-Year Membership Fee Waiver
₹10,000 retail spends within 30 days of card issuance : Reversal of first-year membership fee of ₹999 plus taxes on meeting the initial spend condition.
Annual Renewal Fee Waiver
₹2,00,000 eligible retail spends in the card anniversary year : Renewal membership fee of ₹999 plus taxes waived for the subsequent year.
Fees & Charges of YES Bank ELITE+ Mastercard Credit Card
| Fee & Amount | Fee Value |
|---|---|
| Joining Fee | ₹999 |
| Annual Fee | ₹999 |
| Forex Markup Fee | 2.75% |
| Cash Advance Fee | 2.5% |
| Late Payment Fee | ₹1,350 |
| Over Limit Fee | ₹500 |
| Returned Payment Fee | ₹500 |
| Cash Withdrawal Fee | 3% |
Renewal Conditions:Renewal fee of ₹999 plus taxes is waived on achieving ₹2,00,000 eligible retail spends in the card anniversary year, as per latest Key Fact Statement.
Fee Explanation YES Bank ELITE+ Mastercard Credit Card charges a first-year and renewal membership fee of ₹999 plus taxes, both waivable on meeting spend criteria. Finance charges on revolving credit, cash advances and overdue amounts are 3.99% per month (47.88% p.a.) for ELITE+ as per the Key Fact Statement. Cash advances attract a 2.5% fee of the amount withdrawn, with a minimum of ₹500 per transaction. Late payment fees are 10% of the total outstanding amount (excluding credits/payments) if the statement balance is above ₹500, capped at ₹1,350 per statement. An overlimit fee of ₹500 is charged only if overlimit consent is provided and the account exceeds the assigned credit limit. Returned payment/cheque bounce charges are typically up to ₹500 per instance. Additional fees include 1% charges on high-value rent, wallet, utility and education transactions via third-party platforms, as well as fuel transaction charges on spends above ₹10,000 per month. Users should always check the latest YES Bank MITC/Key Fact Statement for updated charges before applying or transacting.
Detailed Explanation of YES Bank ELITE+ Mastercard Credit Card Fees
Joining Fee: ₹999 + taxes (one-time)
Waived on retail spends of at least ₹10,000 within 30 days of card issuance, as per YES Bank Key Fact Statement.
Annual / Renewal Fee: ₹999 + taxes (yearly)
Renewal fee waived on achieving ₹2,00,000 eligible retail spends in the card anniversary year.
Finance Charges: 3.99% per month (47.88% p.a.) (monthly)
Applicable on revolving credit, cash advances and overdue balances if the Total Amount Due is not paid in full by the due date.
Cash Advance Fee: 2.5% (min ₹500) (transaction)
Charged on every cash withdrawal using the credit card at ATMs; interest accrues from the date of withdrawal with no interest-free period.
Foreign Currency Markup: 2.75% (transaction)
Charged on all international transactions and DCC (Dynamic Currency Conversion) spends as per Key Fact Statement.
Late Payment Fee: Up to ₹1,350 (statement)
No late fee if statement outstanding is up to ₹500. If above ₹500, late payment charge is 10% of total outstanding or ₹1,350, whichever is lower, per statement cycle.
Overlimit Fee: ₹500 (statement)
Charged on the overlimit amount only if the customer has provided explicit overlimit consent and spends exceed the assigned credit limit.
Rent & Wallet Fees: 1% + GST (transaction)
On rental and wallet transactions as per Key Fact Statement – 1% (minimum ₹1/₹199 as applicable) on rent, and minimum 1% or ₹1 on wallet loads, with caps and limits mentioned in the latest MITC.
Utility & Education Charges: 1% + GST (monthly)
1% fee (capped) on utility transactions exceeding ₹15,000 per calendar month and on education payments via third-party apps such as CRED, PhonePe, Housing, NoBroker, etc., as per current MITC.
Fuel Transaction Charges & Waiver: 1% (transaction)
1% fuel surcharge is levied by the acquirer; YES Bank provides 1% fuel surcharge waiver for transactions between ₹400 and ₹5,000, up to ₹125 per statement cycle for ELITE+ as per Key Fact Statement.
Lounge Access Benefits with YES Bank ELITE+ Mastercard Credit Card
domestic Lounges
silverVisits per year: 8
Guest access: No
Up to 2 complimentary domestic airport lounge visits per calendar quarter for the primary cardholder at select Mastercard lounges in India, subject to YES Bank’s latest eligibility and spend-based criteria. If complimentary access is not available, lounge operator charges apply as per MITC.
international Lounges
silverVisits per year: 3
Guest access: No
Complimentary Priority Pass membership or equivalent Mastercard international lounge program for the primary cardholder on the ELITE+ Mastercard variant, with up to 3 complimentary international lounge visits per calendar year; additional and guest visits are chargeable in USD plus taxes.
Insurance Coverage with YES Bank ELITE+ Mastercard Credit Card
Lost Card Liability Cover
₹3,00,000Protects against fraudulent transactions on the card up to ₹3 lakh from the time of loss/theft to reporting, subject to card being reported promptly and in line with YES Bank’s zero-liability and limited-liability policies.
Credit Shield Cover
₹3,00,000Covers the outstanding balance on the card (up to ₹3 lakh) in case of the primary cardholder’s accidental death or permanent disability, ensuring dependants are not burdened by unpaid dues.
Purchase Protection Cover
₹50,0006-month insurance cover of up to ₹50,000 against accidental damage for mobiles and electronic gadgets purchased online using the YES Bank ELITE+ Mastercard Credit Card, as per partner insurance T&Cs.
Additional Features of YES Bank ELITE+ Mastercard Credit Card
Contactless Payments
Tap-and-pay enabled Mastercard credit card that supports quick contactless transactions at NFC-enabled POS terminals.
Contactless transactions allowed up to the RBI-mandated limit without PIN; higher-value transactions require PIN authorisation.
Add-on Cards
Up to 3 add-on cards with shared credit limit for family members.
Add-on cardholders must meet YES Bank’s KYC requirements; spends reflect in the primary card statement and share the same features and limits.
YES Rewardz Portal
Redeem YES Rewardz Points for flights, hotels, gift vouchers, merchandise and statement credit.
Reward redemption fee (around ₹100 per request) and monthly capping on flights/hotels and vouchers apply as per YES Rewardz terms.
EMI Conversion
Convert high-value retail purchases into affordable EMIs directly via YES Bank channels.
Minimum transaction value and tenure-linked interest/processing fee apply; only eligible transactions can be converted as per bank policy.
YES PayNow Biller Rewards
Earn accelerated YES Rewardz on first few billers registered via YES PayNow auto-debit facility.
Limited-time offer; earlier structures provided 5X points on initial PayNow bill payments for a defined number of billers—check latest YES Bank offer page for current details.
Welcome Bonus with YES Bank ELITE+ Mastercard Credit Card
Welcome Bonus: First-year membership
Bonus Conditions: Spend at least ₹10,000 on eligible retail transactions within 30 days of card issuance to get the first-year membership fee of ₹999 (plus taxes) reversed, as per YES Bank Key Fact Statement dated 28 March 2025.
Application Process for YES Bank ELITE+ Mastercard Credit Card
Processing Time
5-7 business days
Online Application
Available
Instant Approval
Not Available
Step-by-Step Process
Visit the official YES Bank website or a trusted aggregator/partner like Finanjo to navigate to the YES Bank ELITE+ Mastercard Credit Card page.
Check basic eligibility such as age, income, city and credit profile, then click on the Apply or Express Interest button.
Fill in the online application form with personal, contact, employment and income details and submit the form for preliminary assessment.
Upload or provide KYC and income documents digitally or via a pickup/branch visit, as instructed by YES Bank.
YES Bank performs internal underwriting, credit bureau checks and risk assessment on your application.
On approval, you receive a sanction intimation, followed by physical card dispatch and PIN generation instructions; you can then activate the card and start earning YES Rewardz Points.
Required Documents for YES Bank ELITE+ Mastercard Credit Card
Identity Proof
allAccepted documents:
Address Proof
allAccepted documents:
Income Proof (Salaried)
salariedAccepted documents:
Income Proof (Self-employed)
self_employedAccepted documents:
YES Bank ELITE+ Mastercard Credit Card Merchant Acceptance Network
Domestic Acceptance
Wide acceptance across India at most Mastercard-enabled POS machines, e-commerce websites, travel portals, fuel stations, supermarkets, restaurants and retail outlets.
International Acceptance
Accepted globally at millions of Mastercard partner merchants, ATMs and online stores, making it a suitable travel companion for international trips when combined with 2.75% forex markup and lounge access.
Online Acceptance
Yes
Payment Technologies
Mobile Wallet Support:
Excluded Merchants
Eligibility Criteria for YES Bank ELITE+ Mastercard Credit Card
Quick Eligibility Check
Minimum Age
21+
Credit Score
720+
Citizenship
Indian only
Income Requirements
Salaried Applicants
₹100,000
Minimum annual income
Self-Employed Applicants
₹75,000
Minimum annual income
Who Can Apply
Important Conditions
- Primary applicant should be between 21 and 60 years old with a stable income profile, valid PAN and Aadhaar, clean credit history and satisfactory KYC as per YES Bank policy. Self-employed applicants generally require an ITR of at least ₹9,00,000 per annum, while salaried users must have a minimum monthly income of ₹1,00,
- 0
- 0
- Final approval is at YES Bank’s sole discretion based on internal underwriting.
How Approval Is Decided
- Indian residents aged between 21 and 60 years at the time of application.
- Salaried applicants with a minimum net monthly income of around ₹1,00,000; self-employed applicants with ITR typically showing ≥ ₹9,00,000 annual income.
- Stable employment or business track record with verifiable documentation and clean repayment history on existing credit lines.
- Satisfactory credit score, generally in the 720+ range, along with acceptable internal risk score as per YES Bank policies.
- Complete and accurate KYC documents, address verification and successful completion of any additional checks or tele-verification done by the bank.
Pros of YES Bank ELITE+ Mastercard Credit Card
- Reasonable ₹999 annual fee, which can be waived with ₹2,00,000 annual spends, keeping the effective cost low for active cardholders.
- Excellent value for frequent online shoppers with 12 YES Rewardz Points per ₹200 and the option to boost rewards with 3X/5X subscription plans.
- Premium travel perks including complimentary domestic lounge access each quarter and international lounge access via Priority Pass/Mastercard network.
- Comprehensive insurance suite with ₹3 lakh lost card liability, ₹3 lakh credit shield and purchase protection for online electronics and mobiles.
- Strong lifestyle benefits such as BookMyShow movie discount and golf green fee waivers plus complimentary lessons at select Indian golf courses.
Cons of YES Bank ELITE+ Mastercard Credit Card
- Reward structure is point-based and slightly complex with different earn rates for online, offline and select categories plus optional subscription plans.
- Benefits such as lounge access can be subject to spend-based eligibility and network-partner changes over time, requiring users to track T&Cs carefully.
- High finance charges of 3.99% per month on revolving balances and cash advances make it unsuitable for users who frequently carry forward dues.
- Additional fees on rent, wallet, utility and education transactions beyond certain thresholds can reduce net value if not monitored.
- Minimum income requirement of ₹1,00,000 per month for salaried applicants and high ITR norms for self-employed make it inaccessible to entry-level users.
Frequently Asked Questions about YES Bank ELITE+ Mastercard Credit Card
What is the annual fee for the YES Bank ELITE+ Mastercard Credit Card and how can I get it waived?
The YES Bank ELITE+ Mastercard Credit Card charges a first-year and renewal membership fee of ₹999 plus taxes. As per the latest Key Fact Statement, the first-year fee is reversed when you spend at least ₹10,000 within 30 days of card issuance, and the renewal fee is waived if you achieve ₹2,00,000 eligible retail spends in the card anniversary year.
What rewards do I earn on the YES Bank ELITE+ Mastercard Credit Card and how much are YES Rewardz Points worth?
You typically earn 12 YES Rewardz Points per ₹200 spent on online shopping, 6 YES Rewardz Points per ₹200 on general offline spends, and 4 YES Rewardz Points per ₹200 on select low-earning categories like utilities and insurance. Based on common partner valuations where 1 YES Rewardz Point is roughly worth ₹0.25 on travel and vouchers, this translates to around 1.5% value-back on online spends, 0.75% on general offline spends and 0.5% on select categories, excluding any 3X or 5X subscription multipliers.
Does the YES Bank ELITE+ Mastercard Credit Card offer airport lounge access in India and abroad?
Yes, the YES Bank ELITE+ Mastercard Credit Card offers complimentary domestic lounge access at select Mastercard lounges in India and complimentary international lounge access via Priority Pass or Mastercard’s lounge network. For most cardholders, this typically means up to 2 complimentary domestic lounge visits per calendar quarter (8 per year) for the primary cardholder and around 3 complimentary international lounge visits per year, with additional visits being chargeable. Exact lounge partners and access rules can change, so you should check YES Bank’s latest lounge access list and eligibility conditions.
What insurance benefits are available on the YES Bank ELITE+ Mastercard Credit Card?
The card usually comes with a strong insurance package, including lost card liability cover of up to ₹3,00,000 and credit shield cover of up to ₹3,00,000 to take care of outstanding dues in case of the primary cardholder’s accidental death or permanent disability. On top of that, several partner sources highlight purchase protection insurance of up to ₹50,000 on mobiles and electronics bought online with the card for up to 6 months. You should refer to the latest YES Bank MITC and insurance policy documents for specific inclusions, exclusions and claim processes.
Who should apply for the YES Bank ELITE+ Mastercard Credit Card?
YES Bank ELITE+ Mastercard Credit Card is best suited for affluent salaried professionals and established self-employed individuals who can comfortably meet the high income criteria, spend ₹2,00,000 or more annually on their card and value a mix of online shopping rewards, airport lounge access, golf benefits and insurance coverage. If your spends are primarily online, you travel a few times a year, like watching movies in theatres and prefer a single premium card under ₹1,000 annual fee, ELITE+ can be a strong fit.
What are the main drawbacks or things to watch out for with this YES Bank credit card?
The main watchpoints are the high finance charges of 3.99% per month if you revolve balances, additional fees on rent, wallet, utility and education transactions beyond certain thresholds, and the relatively complex rewards structure with different earn rates and subscription options. You also need to track lounge eligibility and spend-based conditions and ensure you consistently hit annual spend targets to get fee waivers; otherwise the net value may reduce.
Can I earn rewards on rent, wallet loads and utility bill payments with YES Bank ELITE+ Mastercard Credit Card?
YES Bank ELITE+ generally does award YES Rewardz Points on many utility and insurance transactions, albeit at a reduced earn rate. However, the bank levies a 1% fee (with caps) on rent, wallet and high-value utility transactions as mentioned in the latest Key Fact Statement. This means that while you may earn some points, the additional fee can offset part of the benefit, so it is usually better to use the card selectively for these categories and maximise high-value online and offline retail spends instead.
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