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Yes Bank Marquee Credit Card Review
- 1% forex markup — tied for lowest in Indian premium market
- 40,000 YES Rewardz welcome (₹10,000 value) in Year 1 + 20K RP on each renewal
- Unlimited international lounges + 24 domestic/year for primary + add-on
- Up to 36 RP per ₹200 on online shopping (18% headline on selected categories)
- 4 complimentary golf rounds + 1 coaching session/month
- ETPrime subscription included (₹3,199 value)
- Y2 onwards fee drops to ₹4,999 (from Y1 ₹9,999) — effectively cheaper long-term
- Renewal fee waived on ₹10L annual spend
- Quarterly ₹1 lakh prior-quarter spend required to retain complimentary lounge access
- 1 RP = ₹0.25 (lower redemption value than HDFC/Axis)
- Not available to existing Yes Bank credit cardholders
- High minimum income threshold — ₹3L/month or ₹36L+ ITR
- Yes Bank had financial troubles historically — customer service quality inconsistent
- Category caps on utilities, wallet loads, rent, fuel (standard exclusions)
Fees & charges
| Item | Charge |
|---|---|
| Joining fee (Year 1) | ₹9,999 + GST (₹11,799 total) |
| Renewal fee (Year 2+) | ₹4,999 + GST — waived on ₹10L annual spend |
| Finance charge | 3.75% p.m. |
| Cash advance | 2.5% (min ₹500); interest from day 1 |
| Forex markup | 1% |
| Late payment | Up to ₹1,300 |
Eligibility & documents
Salaried minimum income
Net monthly income ₹3 lakh+ (~₹36L/year) — highest threshold among mainstream premium cards
Self-employed minimum
ITR ₹36 lakh+ per annum
Age
21-60 years
Existing Yes cardholders
NOT eligible — must not hold any existing Yes Bank credit card at time of application
Typical credit limit
₹5 lakh – ₹25 lakh at issuance based on profile
Documents
PAN, Aadhaar, 3-month salary slips + 6-month bank statements (salaried) OR last 2 years ITR (self-employed), address proof
Rewards structure
Tiered reward rates:
- Online shopping (selected categories): 36 YES Rewardz per ₹200 — 18% headline, 4.5% at ₹0.25/pt redemption
- Offline shopping (selected categories): 18 YES Rewardz per ₹200 — 9% headline, 2.25% effective
- Other eligible retail: 10 YES Rewardz per ₹200 — 5% headline, 1.25% effective
Redemption: 1 YES Rewardz Point = ₹0.25 for statement credit / Amazon voucher; up to ₹1 on selected travel bookings via YES Rewardz portal.
Transfer partners: YES Bank has transfer partnerships with airline programmes (ratios vary). Check Yes Rewardz app for current partners.
Exclusions: Utilities, fuel, wallet loads, rent, government payments, cash advances earn reduced or zero points. Standard category exclusions apply.
Welcome benefits & milestones
Welcome benefits (Year 1):
- 40,000 YES Rewardz Points as joining benefit (₹10,000 value) — credited on payment of joining fee
- Complimentary ETPrime subscription voucher worth ₹3,199
- 4 complimentary Green Fee waivers at select golf courses in India
- 1 complimentary golf lesson every calendar month at select golf courses in India
Combined welcome value ~₹13,200+ — fully offsets the Year 1 fee.
Renewal bonus (Year 2+): 20,000 YES Rewardz points (₹5,000 value) credited on paying the renewal fee — helps offset the annual fee each year.
Annual fee waiver: Spend ₹10 lakh in the anniversary year → next year’s ₹4,999 renewal fee waived.
Quarterly lounge access condition: To retain complimentary lounge access in any quarter, you must have spent at least ₹1 lakh in the preceding calendar quarter. Below that, lounge visits are chargeable.
Key benefits
- Lounges: Unlimited international lounge access (Priority Pass) for primary + add-on + 24 complimentary domestic lounges/year — BUT each quarter’s access is conditional on ₹1L spend in prior quarter
- Golf: 4 complimentary rounds in Y1 + 1 coaching session per calendar month at partner clubs
- Dining: Minimum 15% off at restaurants under Dining Fiesta programme
- Concierge: 24×7 Mastercard World Elite concierge
- Insurance: Air accident ₹3 crore, overseas medical USD 100,000, trip delay, baggage, lost card cover
- Online Purchase Protection — cover for online fraud and disputed transactions
- BookMyShow: Buy 1 Get 1 free on movie / event tickets — maximum 3 tickets per calendar month, discount capped at ₹800 per ticket (per YES Bank issuer T&Cs Apr 2026)
- Purchase Protection Plan on cardholder purchases (terms per MITC)
- Concierge: 24×7 Mastercard World Elite concierge desk for travel, dining and lifestyle requests
- ETPrime subscription bundled (Y1) — verify against current Y1 welcome kit
- Excluded categories (zero RP): Rental, Wallet, Fuel, Government and Marketing/Advertising payments, Cash withdrawals, Post-Purchase EMI and Instant EMI transactions
Usage terms & fine print
Lounge access
Unlimited international Priority Pass lounges for primary + add-on. 24 domestic lounges/year. Important: Each quarter’s complimentary access is gated on ₹1 lakh spend in the prior quarter — low-spend quarters lose lounge access.
Fuel surcharge waiver
1% fuel surcharge waiver on ₹400-₹5,000 transactions. Fuel doesn’t earn reward points.
Interest-free period
Interest-free credit up to 50 days on retail. Minimum payment 5% or ₹500.
EMI conversion
EMI on transactions ₹2,500+. Tenures 3-36 months. Interest 0.99-1.5% p.m. based on partner. Processing fee 1%.
Digital wallets & UPI
Apple Pay, Google Pay, Samsung Pay fully supported. Mastercard World Elite tap-to-pay globally. Not UPI-linkable (Mastercard network, no RuPay variant).
Insurance cover
Air accident ₹3 crore, overseas medical USD 100,000, trip delay, baggage loss, lost card cover, online purchase protection
Interactive reward calculator
Inputs pre-filled with typical values. Edit to get your personalised earnings — caps and milestones update live.
Compared with alternatives
Tap any card for full head-to-head.
AU Zenith+ (₹5K) →
Same 1% forex. Lower fee. Priority Pass unlimited too. Marquee wins on welcome RP value (₹10K vs ₹5K); AU wins on ongoing renewal credit.
HSBC Travel One (₹5K) (comparison coming soon)
0.99% forex. Much broader transfer partners (20+). Better for frequent flyers; Marquee better welcome.
HDFC Regalia Gold (₹2,500) →
Half the fee. 3.5% forex (vs Marquee’s 1%). 12 lounges. Pick Regalia Gold for domestic; Marquee for international.
Yes Private Prime (₹4,999) (comparison coming soon)
Same issuer. Different benefits — private banking focus. Cheaper renewal from Y1.
Who the Yes Bank Marquee is for
Yes Marquee is best for NEW-to-Yes-Bank applicants (not existing Yes card holders) with ₹3L+/month salary who travel internationally ₹3L+/year. The 1% forex + welcome bundle + 20K annual RP renewal credit combine into strong value. Hitting ₹1L/quarter spend is essential to retain lounge access.
Not the right card if: you’re an existing Yes Bank credit cardholder (you’re not eligible — Yes restricts Marquee to new-to-Yes customers). Also not right if your quarterly spend fluctuates below ₹1L — you’ll lose lounge access in lean quarters.
How to apply & how to cancel
Apply: Apply via yes.bank.in/marquee or Yes Bank branch. Eligibility pre-check instant. Approval 5-7 business days. Video-KYC supported. Card delivery 10-14 days. Yes Bank relationship not required.
Cancel: Call Yes Bank helpline (1800 1200). Clear dues; redeem YES Rewardz before closure (forfeited at closure). Renewal fee non-refundable after 30 days.
Final verdict
Yes Bank Marquee is a competitive super-premium entrant with aggressive welcome benefits and class-leading 1% forex. The Y1 ₹9,999 fee is entirely offset by the ₹13K+ welcome package. From Y2 onwards at ₹4,999 + 20K RP renewal credit, it’s very reasonable for international travellers. The quarterly ₹1L lounge-gating is the main friction — plan spend carefully.
Frequently asked questions
Why is Y1 fee ₹9,999 but Y2 only ₹4,999?
Yes Bank structures Marquee with a higher joining fee (bundled with bigger welcome benefits) and lower ongoing renewal. Economically, the first-year welcome offsets the ₹9,999 joining, and the renewal fee drops for sustained cardholders.
Why are existing Yes cardholders not eligible?
Yes Bank limits Marquee to new-to-Yes applicants to expand its customer base. If you hold any existing Yes credit card, you must close it before applying for Marquee.
What is the quarterly ₹1L spend rule for lounges?
To access complimentary lounges (domestic + international) in any quarter, you must have spent ₹1 lakh in the preceding calendar quarter. Below that threshold, lounge visits are chargeable.
How does 36 RP per ₹200 translate to effective rate?
36 YES Rewardz × ₹0.25/pt = ₹9 value per ₹200 spent = 4.5% effective cashback. At the catalogue travel value (1 RP = ₹1), it could reach 18% — but this is for select catalogue items only.
Can I transfer YES Rewardz to airline miles?
Yes Bank has partnerships with select airline programmes (check current list in Yes Rewardz app). Transfer ratios vary — typically 2:1 or 3:1.
Is the ETPrime subscription renewable?
ETPrime is bundled only in Year 1 as part of welcome. Not included in renewals.
What is Mastercard World Elite network?
Mastercard’s top-tier network above World Mastercard. Comes with Mastercard’s best travel/concierge perks globally. Wider acceptance than Amex/Diners.
Does Marquee support UPI?
No — Mastercard network, not RuPay. Works via Google Pay/PhonePe for online Mastercard-accepting merchants.
Can I get a Marquee metal card?
Yes Bank has issued Marquee in metal form factor for premium segment customers. Check during application.
Is Yes Bank financially stable?
Yes Bank was restructured in 2020 under RBI supervision after the 2019 crisis. It is now owned by a consortium including SBI and is RBI-regulated. Deposits covered under DICGC (₹5L). Credit cards are fully operational.
Data current as of April 2026. Credit card fees, rewards and benefits are revised periodically by issuers. Always confirm current terms with the issuer before applying.