YES FIRST Preferred Mastercard Credit Card
YES Bank
last updated: Nov 28, 2025
₹999
₹999
1.75%
12 visits/yr
Contents
YES FIRST Preferred Mastercard Credit Card is a premium rewards and lifestyle credit card from YES Bank, designed for high-income professionals who want accelerated reward points on everyday spends along with strong travel and lounge access benefits. Cardholders enjoy complimentary Priority Pass membership, domestic and international airport lounge visits, golf privileges, fuel surcharge waiver and attractive movie ticket discounts on BookMyShow. You can earn generous YES Rewardz points on almost every transaction and later redeem them for flights, hotels, gift vouchers, merchandise or convert them to InterMiles or Club Vistara points, making this card a powerful choice for frequent travellers and reward maximisers. As per current YES Bank communication, issuance of this card to new customers has been discontinued, so these features apply only to existing YES FIRST Preferred Mastercard cardholders.
Features of YES FIRST Preferred Mastercard Credit Card which makes it unique
Premium Reward Rate on Everyday Spends
Earn up to 8 YES Rewardz points per ₹200 on most retail transactions, delivering strong effective value-back on high monthly spends.
Faster accumulation of reward points that can be used for flights, hotels and vouchers, making it attractive for frequent spenders.
Higher effective rewards than many mid-segment lifestyle credit cards in a similar fee range.
Dual Lounge Access Programme
Complimentary access to both domestic lounges via card network programme and international lounges via Priority Pass membership.
Enhances the travel experience for frequent flyers with comfortable lounges on both domestic and overseas trips.
Many competing cards in this fee segment offer only domestic lounges or limited international access.
Airline Miles Conversion
Convert YES Rewardz points into InterMiles or Club Vistara points for free flights and upgrades.
Allows serious travellers to build airline miles faster using everyday card spends.
Miles conversion is a feature usually found on higher-fee travel credit cards.
Rewards Structure of YES FIRST Preferred Mastercard Credit Card
All Retail Spends (Non-Select Categories)
acceleratedAll retail transactions except fuel, wallet loads, rental, cash advances and other excluded categories.
Effective base rewards rate of ~2% assuming 1 Reward Point ≈ ₹0.25 when redeemed via YES Rewardz or miles partners.
Select Categories
baseInsurance, utilities, government payments and select lower-reward merchant categories as defined by YES Bank.
Ideal for routine household bills, though rewards are at a reduced rate versus regular retail spends.
YES PayNow Bill Payments
acceleratedFirst three successful transactions on newly registered utility billers via YES PayNow.
Gives a strong one-time boost in YES Rewardz points when you move your recurring bills to YES PayNow.
Fuel Transactions
baseFuel spends at petrol pumps across India within eligible transaction limits.
Use the card for fuel primarily to enjoy the 1% fuel surcharge waiver rather than for earning reward points.
Milestones of YES FIRST Preferred Mastercard Credit Card
Annual Spend Milestone Bonus
₹7,50,000 in an anniversary year : 20,000 bonus YES Rewardz points credited after card anniversary, subject to meeting spend criteria.
Renewal Anniversary Bonus
At least one eligible retail transaction after renewal : 7,500 bonus YES Rewardz points on first retail transaction made after renewal within the specified period.
Renewal Fee Waiver
₹2,50,000 retail spends in previous anniversary year : Full waiver of ₹999 + taxes renewal membership fee for the next year.
Fees & Charges of YES FIRST Preferred Mastercard Credit Card
| Fee & Amount | Fee Value |
|---|---|
| Joining Fee | ₹999 |
| Annual Fee | ₹999 |
| Forex Markup Fee | 1.75% |
| Cash Advance Fee | 2.5% |
| Late Payment Fee | ₹1,000 |
| Over Limit Fee | 3% |
| Returned Payment Fee | ₹350 |
| Cash Withdrawal Fee | 3% |
Renewal Conditions:Renewal fee of ₹999 + taxes is waived on reaching annual retail spends of ₹2,50,000 in the previous card anniversary year.
Fee Explanation Standard YES Bank credit card charges apply, including interest on revolving balances, cash advance fees, overlimit charges and late payment fees as per the latest schedule of charges.
Lounge Access Benefits with YES FIRST Preferred 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 after achieving bank-specified quarterly spend thresholds (commonly around ₹35,000 in the previous quarter). Additional visits are chargeable.
international Lounges
silverVisits per year: 4
Guest access: No
Complimentary Priority Pass membership with 4 free international lounge visits per calendar year for the primary cardholder; additional visits are chargeable at the prevailing Priority Pass rate.
Insurance Coverage with YES FIRST Preferred Mastercard Credit Card
Air Accident Cover
₹1,00,00,000Pay for the flight ticket using YES FIRST Preferred Credit Card; coverage applies to primary cardholder for death due to air accident as per policy terms.
Overseas Emergency Hospitalisation
₹25,00,000Valid for medical emergencies during international travel booked using the card, subject to insurer terms and prior intimation requirements.
Credit Shield Cover
Up to the outstanding credit card duesProtects the card’s outstanding balance in case of accidental death of the primary cardholder, as per group insurance policy terms.
Lost Card Liability Protection
Up to the credit limitLiability cover from the time of reporting loss to YES Bank; terms, exclusions and reporting timelines apply.
Additional Features of YES FIRST Preferred Mastercard Credit Card
YES Assist Concierge
24x7 concierge support for travel bookings, hotel reservations, restaurant recommendations, gift deliveries and more.
Concierge services are complimentary, but all bookings and purchases are chargeable to the card.
Golf Programme
Complimentary green fee waivers at select golf courses along with discounted coaching sessions.
Number of complimentary rounds and participating courses are governed by the latest YES Bank golf programme terms.
Smart EMI
Option to convert high-value retail transactions into convenient EMIs directly via YES Bank channels.
Available on eligible transactions above the minimum threshold; processing fee and EMI interest rate apply.
Contactless Payments
Tap-and-pay enabled Mastercard World card with EMV chip for secure transactions.
Contactless transactions allowed up to RBI-approved limits without PIN; above-limit transactions require PIN authorisation.
Add-on Cards
Up to 3 lifetime-free add-on cards for family members.
Primary cardholder remains liable for all spends on add-on cards.
Welcome Bonus with YES FIRST Preferred Mastercard Credit Card
Welcome Bonus: 10,000 Reward Points
Bonus Conditions: Available only for new YES FIRST Preferred primary cardholders on eligible retail transactions made within 90 days of card setup; not valid on cash withdrawals, fuel, wallet loads, EMI conversions or fee payments; bonus points are credited within 90 days of the qualifying transaction.
Application Process for YES FIRST Preferred Mastercard Credit Card
Processing Time
5-7 business days for approval and dispatch, subject to successful verification.
Online Application
Not Available
Instant Approval
Not Available
Step-by-Step Process
Visit the official YES Bank credit cards page and search for YES FIRST Preferred Credit Card details in the legacy or existing customer section.
Log in to YES Online or contact your YES FIRST relationship manager if you are an eligible existing customer to confirm upgrade or replacement options.
Submit or update your KYC and income documents if requested by the bank and complete any additional verification steps.
On approval, YES Bank dispatches the physical YES FIRST Preferred Mastercard Credit Card to your registered mailing address.
Required Documents for YES FIRST Preferred Mastercard Credit Card
ID Proof
allAccepted documents:
Address Proof
allAccepted documents:
Income Proof
salariedAccepted documents:
Income Proof
self_employedAccepted documents:
YES FIRST Preferred Mastercard Credit Card Merchant Acceptance Network
Domestic Acceptance
High acceptance across India at retail stores, supermarkets, fuel stations, restaurants, e-commerce websites and travel portals that support Mastercard.
International Acceptance
Accepted globally at millions of outlets and ATMs on the Mastercard network.
Online Acceptance
Widely accepted for online shopping, travel bookings, OTT subscriptions and bill payments on Indian and international websites.
Payment Technologies
Mobile Wallet Support:
Excluded Merchants
Eligibility Criteria for YES FIRST Preferred Mastercard Credit Card
Quick Eligibility Check
Minimum Age
21+
Credit Score
750+
Citizenship
Indian residents and eligible NRIs
Income Requirements
Salaried Applicants
₹200,000
Minimum annual income
Self-Employed Applicants
₹2,400,000
Minimum annual income
Who Can Apply
Important Conditions
- Primary cardholder should be between 21 and 60 years, with a stable income and a clean repayment track record; card may also be issued against a fixed deposit of at least ₹3,00,000 with YES Bank in select cases.
How Approval Is Decided
- Stable income meeting YES FIRST Preferred eligibility norms (historically net salary of ₹2,00,000 per month or ITR of ₹24,00,000 per year).
- Indian resident or eligible NRI with a good credit profile and strong repayment history.
- Minimum internal credit score and risk assessment as per YES Bank underwriting policy.
- Optionally, a fixed deposit of at least ₹3,00,000 with YES Bank for secured issuance in select cases.
Pros of YES FIRST Preferred Mastercard Credit Card
- Excellent reward rate with up to 8 Reward Points per ₹200 on most retail spends.
- Complimentary Priority Pass membership with international airport lounge access plus domestic lounge visits every quarter.
- Low forex markup of 1.75% makes it suitable for international travel and foreign currency online spends.
- Good mix of lifestyle benefits including BookMyShow movie discounts, golf privileges and YES Assist concierge.
- Ability to convert YES Rewardz points into InterMiles and Club Vistara points for additional travel value.
Cons of YES FIRST Preferred Mastercard Credit Card
- Card is currently discontinued for new customers, so benefits are only for existing YES FIRST Preferred cardholders.
- High income requirement of around ₹2 lakh per month or high ITR makes it inaccessible for many users.
- Reward earning is reduced on select categories like utilities and government payments.
- No reward points on fuel transactions, only a fuel surcharge waiver.
- Lounge access is subject to quarterly spend thresholds and changing bank-level lounge programme rules.
Frequently Asked Questions about YES FIRST Preferred Mastercard Credit Card
Who should consider using the YES FIRST Preferred Mastercard Credit Card?
This card is best suited for high-income professionals and business owners who spend heavily on shopping, travel, dining and online payments, travel frequently via Indian and international airports, and value converting credit card reward points into flights, hotel stays or airline miles such as InterMiles and Club Vistara points.
Does the YES FIRST Preferred Mastercard Credit Card offer fuel surcharge waiver and movie ticket discounts?
Yes, you get a 1% fuel surcharge waiver on fuel spends between ₹400 and ₹5,000 (capped at around ₹250 per billing cycle), and a 25% discount up to ₹250 on one BookMyShow movie transaction per calendar month, making it useful for both daily commuting and weekend entertainment.
Is the YES FIRST Preferred Mastercard Credit Card still available for new applications?
As per the latest communication on the YES Bank website and partner portals, the YES FIRST Preferred Credit Card has been discontinued for new customers. Existing cardholders can continue to use their card and may receive renewal or replacement cards on expiry, subject to bank policy.
What is the annual fee for the YES FIRST Preferred Mastercard Credit Card and how can I get it waived?
The typical annual or renewal fee is ₹999 plus applicable taxes. YES Bank generally waives this fee when you achieve eligible annual retail spends of around ₹2.5 lakh in the previous card anniversary year, but you should always check your latest statement or the bank’s schedule of charges for the current waiver conditions.
How many YES Rewardz points do I earn on the YES FIRST Preferred Credit Card and what is the approximate value?
On most retail spends you earn 8 YES Rewardz points per ₹200, and 4 points per ₹200 on select lower-reward categories such as utilities and government payments. When redeemed smartly via YES Rewardz or airline mile partners, 1 point can be worth roughly ₹0.20–₹0.25, giving you an effective value-back of around 1.6–2% on non-discounted retail spends.
What lounge access benefits does the YES FIRST Preferred Mastercard Credit Card offer?
You typically get up to 2 complimentary domestic airport lounge visits per calendar quarter via the card network lounge programme and 4 complimentary international lounge visits per year via Priority Pass for the primary cardholder. Access is subject to quarterly or annual spend conditions and the latest YES Bank lounge access policy, which may change from time to time.
Can I convert YES Rewardz points from the YES FIRST Preferred Credit Card into airline miles?
Yes, YES Rewardz points earned on the YES FIRST Preferred Mastercard can be converted into InterMiles or Club Vistara points at a typical rate of 10 YES Rewardz points for 1 mile or point, subject to minimum transfer blocks and the rules of each airline loyalty programme.
Add Your Review
Reviews (0)
No reviews yet
Be the first one to review this card.
