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Verified May 2026·By Arun, Personal Finance Editor·Cross-checked against issuer MITC & RBI sources·How we research
⚠ This page is the OLD version. The current, up-to-date review is at YES Bank ACE Credit Card (current). This page is kept only for archival reference.
The Yes Bank Ace is Yes Bank’s entry-tier card, sitting below Marquee and Private Prime. It’s pitched at users who want Yes Bank’s premium-feel service experience at a modest fee, with balanced rewards on online and offline spend. A sensible “first card” for Yes Bank account holders.
Fees and charges
| Joining fee | ₹499 + GST (often waived) |
| Annual fee | ₹499 + GST |
| Welcome benefit | 2,500 reward points on first spend ₹5,000 in 30 days |
| Annual fee waiver | Spend ₹1 lakh / year |
| Foreign markup | 3.50% + GST |
| Finance charges | 3.25% per month / ~39% APR |
How rewards work
- Online spend: 6 reward points per ₹100 (~1.5% in catalog)
- Offline spend: 3 reward points per ₹100 (~0.75%)
- Partner merchant offers: occasional 5× accelerated earning (Amazon, Flipkart campaigns)
- Excluded: rent, fuel, utility (capped), wallet, EMI
- Redemption: 1 RP = ~₹0.25 in Yes Rewardz catalog
Lounge access
- Domestic: 4 visits/year via MasterCard lounge program
- International: none
Spend level where the fee pays off
| Annual fee + GST | ₹589 |
| Welcome benefit | ₹625 |
| Lounge value (year 1) | ~₹3,000 |
| Net cost year 1 | Net positive |
Vs. SBI SimplyCLICK / Axis ACE
SBI SimplyCLICK at ₹499 offers 10× online RP (~2.5% effective). Axis ACE at ₹499 offers 2% universal cashback. Yes Ace at ₹499 adds 4 lounge visits that the other two lack. Pick Yes Ace if lounge is your priority at this price tier; pick ACE for cashback simplicity; pick SimplyCLICK for online reward maximisation.
Who this card is for
- Best fit: existing Yes Bank account holders wanting a companion credit card
- Best fit: mid-spenders who fly domestically 4+ times/year
- Skip if: you don’t bank with Yes — other banks’ entry cards at the same price tier offer more
Verdict: A modest but well-rounded entry premium card. Main differentiator at the ₹500 fee tier is the 4 free lounge visits. Not best-in-class on rewards alone — works best as a companion card for Yes Bank customers.
Yes Bank periodically restructures its card lineup. Verify current reward rates, lounge caps, and welcome benefits on the Yes Bank website.
This is independent commentary, not financial advice.