Question 1

What is the annual fee on the YES PRIVATE Credit Card and how do you get it waived?

Accepted Answer

The joining fee is ₹50,000 plus GST and the renewal fee is ₹10,000 plus GST. YES Bank waives the renewal fee if you spend ₹25L in the previous year, which is about ₹2,08,333 a month. If your card spend sits below that, treat ₹10,000 as a real yearly cost that your rewards have to clear first.

Question 2

What is the reward rate on the YES PRIVATE Credit Card?

Accepted Answer

You earn 40 points per ₹200 on international spends. Everything else earns 20 points per ₹200. Each point is worth about ₹0.25 when you redeem it well, so ₹10,000 of top category spend gives you 2000 points, roughly ₹500, which is about 5% back.

Question 3

What is the forex markup on the YES PRIVATE Credit Card?

Accepted Answer

The markup is 0.5% plus GST, which is ₹500 on ₹1L of overseas spend against ₹3,500 on a standard 3.5% card. The saving only counts if you also earn rewards on international spends, so check that they are not on the excluded list. Decline dynamic currency conversion at the terminal and pay in the local currency.

Question 4

What changed on the YES PRIVATE Credit Card recently and is it still worth it in 2026?

Accepted Answer

YES Rewardz redemption capped (Dec 2024); reward exclusions added and lounge made spend-based (Apr 2025); overlimit removed (May 2025). The changes are dated Dec 2024; Apr-May 2025. At ₹25L of yearly spend the card returns roughly ₹62,500 at its general rate of about 2.5%, against a ₹10,000 renewal fee. Keep it if you clear the ₹25L waiver spend and your spending really sits in the accelerated category. Drop it at renewal if you do not.

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