If you have a credit card, then this article is for you. Actually, the credit card rules are going to change from December 1. Yes, you’ve heard it right. Yes, Bank has made two major changes to its credit card (Credit Card New Rules) benefits. These include changes in the rules related to reward points, redemption, and lounge access.

Reward Points Redemption

Yes, Bank will impose limits on the number of redeemable reward points for flights and hotels from 1 December 2024. Cardholders can use their Yes Rewards points to cover 70 percent of the total bill or a maximum monthly limit (whichever is lower).

The monthly limits are as follows:

Yes, Private & Private Prime Cards: 6,00,000 points

Marquee card: 3,000 points

Reserve Card: 2,000 points

Other Yes Bank Credit Cards: 1,00,000 points

 

This limit on redemption is in addition to the existing limit, which allows cardholders to use only 50% of the points available for gift vouchers and statement credit.

Lounge Access

Yes, Bank is also increasing the spending limits for complimentary airport lounge access on its credit cards. These changes will come into effect on 1 April 2025. Cardholders will have to meet these spending requirements in the last quarter for domestic lounge access in the coming quarter:

6 under Yes Marquee and 3 under Yes Reserve Card will cost Rs 1 lakh for a lounge visit.

Under Yes First Preferred and Yes First Business Cards, 2 lounge visits will cost Rs 75,000.

Yes Elite+, Select, BYOC, Wellness Plus, and YES Prosperity Business Card—Here you will have to spend Rs 50,000 for 1 or 2 lounge visits, depending on the card.

Expenses should be within the stipulated quarters. For example, December 21–MMarch 20 for April-June access. The number of visits remains the same, but it is necessary to meet the new spending limit.

 

What do these changes mean for card holders?

With these updates, Yes Bank has joined other banks like ICICI Bank in enhancing the requirements for lounge access. Cardholders can expect these changes to have an impact on the way they maximize their rewards and airport lounge access.

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