YES Bank ACE Credit Card (earlier YES Prosperity Rewards Plus) is a simple entry-level rewards card for normal use. You use it for day-to-day expenses â online shopping, bill payments, or swiping at stores (offline), and you get some return back on your spending. It has a normal fee of Rs. 500, which can be waived if used correctly.
It normally comes on the Visa or Mastercard network. But if you want to use UPI with a credit card, there is one extra option. YES Bank gives a Free virtual RuPay credit card to existing cardholders. You keep the same limit, and that RuPay card can be linked to UPI apps and used for QR payments.
- UPI Integration: Only the RuPay version of the card can be linked with UPI apps (Google Pay, PhonePe, Paytm). After linking, you can scan the QR at shops and pay using the credit card limit instead of your bank balance.
Rebranding: From Prosperity Rewards Plus to ACE Credit Card
As per Cardmaven, YES Prosperity Rewards Plus was renamed to YES Bank ACE Credit Card from 18 December 2023 during Yes Bankâs credit card lineup change. New customers and renewed cards started coming with the ACE name, while old cardholders continued using the previous design/name until their card expiry. As per its old name, it is still based on Rewards Plus.
ACE Rewardz Points: How It Works
This card gives reward points instead of direct cashback
Core Reward Points
- Online shopping: 8 points per âš200 spent (limit 5,000 points/month)
- Offline store swipe: 4 points per âš200
- Utility, insurance, tax: 2 points per âš200 (utility cap 150/month)
- No rewards on fuel, rent apps, wallet load, UPI and EMI transactions
Points Value & Validity
- Approx value: 1 point â âš0.25
- Points valid for 3 years
- âš3.6 lakh yearly spend gives 12,000 bonus points
- Points act like balance to reduce card bill later
Optional Reward Booster Plans
- The ACE Credit Card offers a paid âš2,000 yearly booster rewards plan that gives 3X online and 5X lifestyle category points, useful only if you regularly spend on those categories.
- âš1,000/year â 2xâ3x points earning
- âš2,000/year â up to 3xâ5x points on dining, travel, fashion, healthcare
- Annual fee becomes higher than normal âš500 if activated
How You Redeem Points
- Collect reward points through your spending
- Open the YES Rewardz app
- Choose redemption option (voucher, travel booking, or bill payment)
- Use points to reduce your credit card bill
- Adjust your credit card bill
- Redeem for Amazon or Flipkart vouchers
- Book flights or hotel stays
- Get movie tickets
- Convert points to air miles (for example, Club Vistara)
Additional Benefits (Beyond Rewards)
Extra features that make the card useful in daily life
Lifestyle & Dining
- Buy 1 Get 1 coffee free at selected mall outlets.
- Up to 15% restaurant discount under YES Bank dining program.
- Bank sale shopping offers (around 10â20% off) on brands like AJIO, IGP and TaxBuddy.
Travel & Foreign Usage
- Low forex markup around 2.75% on international transactions.
- Occasional flight and bus booking discounts (example Abhibus âš500 offers).
- Some variants provide domestic airport lounge access after spending condition.
Insurance Protection
- Purchase protection up to âš50,000 for online electronics within 6 months.
- Credit shield cover around âš1 lakh in case of accidental death.
- Lost card misuse protection up to âš1.3 lakh after reporting to bank.
Fuel & Utility
- 1% fuel surcharge waiver on âš400ââš5,000 transactions (max âš125/month).
- Automatic bill payments and subscription setup available.
Financial Flexibility
- Transactions above âš1,500 can be converted to EMI from app or customer care.
- Loan on card available within your credit limit during urgent need.
What Are the Charges & All Details
This card is low-fee if you actually use it.
- Joining fee: âš499 + GST (Spend âš5,000 in first month, your joining fee comes back.)
- Annual fee: âš499 + GST (You have to Spend âš50,000 in a year, to get annual fee removed.)
- Interest rate: about 3.99% per month (~47â48% yearly) on unpaid bill.
- FD backed card around Interest rates – 2.49%/month
Biggest cost is interest, not the fee â if you donât pay full bill, bank charges heavy interest.
Other charges
| Charge Type | What bank takes |
|---|---|
| Cash withdrawal | 2.5% or âš500 (whichever higher) |
| Forex (international use) | 2.75% extra on amount |
| Rent payment | ~1% fee (max âš199) |
| Wallet loading | 1% charge |
| Utility / education via apps | 1% + GST after âš15,000/month |
| Reward points redemption | âš100 + GST per redemption |
| Overlimit usage | 2.5% or âš500 |
| Card replacement | âš100 |
| Duplicate old statement | âš100 |
Late payment charges
| Bill amount | Late fee |
|---|---|
| Up to âš100 | No charge |
| âš101 â âš500 | âš150 |
| âš501 â âš5,000 | âš500 |
| âš5,001 â âš20,000 | âš750 |
| Above âš20,000 | âš1,000 |
Real tip: Always pay the total bill, not minimum due, minimum due only stops penalty, interest still keeps running.
YES Bank ACE Credit Card â Pros, Cons & Correct Usage
To get the most out of the YES Bank ACE Credit Card, you must use it in the right way. It works well as a starter online shopping card, but it becomes costly if used for wrong payments like rent, cash withdrawal or large transfers.
Use this card mainly for online shopping and always clear the full bill every month â it remains useful. Use it like a borrowing card â it becomes expensive very quickly.
What are the Eligibility Criteria and Apply Process?
Who can get this card
- Age should be 21 to 60 years
- Job or business â both fine, but income must be regular
- Around 750+ CIBIL score helps a lot in approval
- If you already hold another YES Bank credit card, bank may reject
Income condition
- Salary people â about âš25,000 or more per month
- Business/self-employed â around âš7.5 lakh yearly income (ITR)
- If income proof not strong, you can still take it by making FD of âš30,000+ (bank keeps deposit and gives card on it)
What papers you actually need
Keep these ready before applying:
- PAN card (most important)
- Aadhaar / Voter ID / Passport (address proof)
- Salary person â last 2 salary slips + 3 months bank statement
- Business person â latest ITR
- One photo
How the application really happens
- First you check if you are eligible or not, you can check at easemoney. (enter mobile number online)
- Choose the ACE card (pick RuPay if you want UPI payments)
- Fill your basic details â address, job, income etc.
- Bank will do Video KYC â they call you on camera and you show your PAN card
- If video not possible, sometimes an agent comes home/office for document check
After approval, card comes by courier. You activate it from the mobile app and then itâs ready to use.
Credit Limit in YES Bank ACE Credit Card
Typical Starting Limit
- Salary around âš25,000 â usually âš30,000 to âš75,000 limit
- FD secured card â about 80%â90% of FD value
- Example: âš30,000 FD â limit roughly âš24,000ââš27,000
What Decides Your Limit
- CIBIL score (750+ gives higher chance of good limit)
- Existing loans or EMIs (more loans = lower limit)
- YES Bank account holders may get higher or pre-approved limit
How Limit Increases Later
- Regular usage + full payment for 6â12 months â auto increase offer
- You can request increase after 6 months
- Bank may ask latest salary slip or ITR proof
Cash Withdrawal Limit
- Usually 20%â30% of total credit limit
- ATM withdrawal starts interest from day one
FAQs
What are the benefits of a YES Bank ACE Credit Card?
Main benefit is online spending rewards. You earn 8 points per âš200 online and 4 offline. Annual fee waiver at âš50,000 yearly spend. Also phone protection cover âš50,000 and dining discounts sometimes.
What is the limit of a YES Bank credit card?
There is no fixed limit. With âš25,000 salary people usually get âš30,000ââš75,000. Higher income or 750+ CIBIL can cross âš1 lakh. FD card gives about 80â90% of deposit amount.
What is the annual fee for YES Bank ACE card?
Annual fee is âš499 plus GST yearly. If you spend âš50,000 in a year, bank removes the fee. First year joining fee reverses after âš5,000 spending.
What is the credit card limit for âš50,000 salary?
For âš50,000 monthly salary, limit usually comes around âš80,000 to âš1.5 lakh depending on CIBIL and loans.
Is credit card interest 20% monthly?
No. ACE card interest is around 3.99% per month (~47â48% yearly). If you pay minimum due, interest starts from purchase date.
Is YES Bank ACE Credit Card lifetime free?
No. It becomes effectively free if you spend âš50,000 yearly, otherwise âš499 annual fee is charged.
Is YES Bank ACE Credit Card good?
Good for beginners and online shoppers. Not suitable for rent, cash withdrawal or heavy EMI use. Paying full bill monthly keeps it beneficial.
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