YES First Preferred Credit Card
YES · MASTERCARD★ 4.2/ 5
✓ Details last verified 1 Jan 2025
↻ Hover or tap to flip
Key features
What this card is built to do — the highlights that actually matter.
Welcome Benefit
~₹2,499 in vouchers, points or cashback on card activation
3% on Travel
12X Edge Reward Points on travel
1.50% on Dining
6X points on dining
Airport Lounge Access
4 complimentary visits per quarter at domestic and international airport lounges
Zero Forex Markup
Use abroad without extra charge — swipe internationally like you do domestically.
Milestone Bonus
~₹2,500 in bonus rewards on hitting annual spend milestones
✈️ TRAVEL BENEFITS
Lounge access, miles, forex rates and travel perks at a glance.
AIRPORT LOUNGE ACCESS
16 visits/yr
Domestic lounges
Priority Pass
International lounges
₹12,000
Estimated annual value
0% — Zero!
Forex markup
3.0%
Travel reward rate
- Domestic + international airport lounge access (16 visits/yr, worth ~₹12,000)
- 3.0% effective return on travel bookings
- Zero forex markup — zero extra cost abroad
👑 PREMIUM LIFESTYLE BENEFITS
Concierge, golf, hotel membership and high-value perks for premium cardholders.
₹2,500
Milestone bonus value
- Bonus points on annual spend milestone
Shalini travels abroad twice a year and pays significant forex charges on her current card. YES First Preferred's zero forex markup saves her ₹3,500/year on ₹1L international spend, while earning 12X Edge Reward Points everywhere else. Priority Pass with 4 domestic + international lounge visits per quarter. All for a ₹2,499 annual fee.
Who is this for?
For professionals who travel internationally 2–4 times per year and want to stop losing money to forex markup. At ₹2,499/year, YES First Preferred is the most affordable premium card in India with zero forex markup — cheaper than IDFC First Wealth (₹0 fee but higher income bar).
At a glance
Full reward structure
What you earn on every rupee, per spend category. Rates assume 1 pt = ₹0.30. How we value points →
| Category | Type | Rate | Monthly cap |
|---|---|---|---|
| Travel | reward points | 3% | — |
| Dining | reward points | 1.50% | — |
| Other | reward points | 1.50% | — |
Travel: 12X Edge Reward Points on travel
Dining: 6X points on dining
Other: 6X Edge Reward Points on all other spends
Fees & charges
The numbers that matter beyond rewards — verify on the issuer site before applying.
Perks & benefits
Estimated annual value beyond rewards.
4 domestic per quarter + international Priority Pass
Bonus points on annual spend milestone
Should you get it?
- Best for: Frequent travellers, Higher spenders
- Premium tier — a solid all-rounder for steady monthly spend.
- Strongest value if you spend heavily on Travel (3% back).
- Frequent travellers benefit from the included airport lounge access.
Pros
- Strong rewards that can offset the annual fee for the right spender
- Premium lifestyle perks (lounge, concierge, milestone benefits)
- Lower forex markup, friendlier for international spend
Cons
- Annual fee applies unless the spend-based waiver is met
- Higher income / eligibility bar
Eligibility & documents
DOCUMENTS REQUIRED
- 📄PAN card
- 📄Aadhaar / valid address proof
- 📄Latest 3 months bank statement
- 📄Income proof — salary slips (salaried) or ITR (self-employed)
- 📄Recent passport-size photograph
How to redeem rewards
Ways to convert what you earn into real value.
- 🎁Statement credit / cashback adjustment
- 🎁Online rewards catalogue (vouchers, merchandise)
- 🎁Flight & hotel bookings via the issuer rewards portal
- 🎁Airline / hotel partner point transfers (on eligible cards)
What your yes reward points are worth
Realistic value per point by redemption route — the difference is what most people leave on the table.
Standard redemption
The concern
Beyond the forex story the rewards are mid-pack — and YES Bank's history of quiet benefit changes warrants periodic re-checking.
Bottomline
CardAdvisor Rating: 4.2 / 5First Preferred is the most affordable zero-forex premium card in India, undercutting every rival on the single feature international travellers care most about. For 2-4 trips a year, the forex savings alone clear the fee.
SOURCES & VERIFICATION
Fees, reward rates, and benefits for the YES First Preferred Credit Card are taken from YES's official Most Important Terms & Conditions (MITC) and fee schedule — see the issuer's official page. Last verified 1 Jan 2025. Reviewed by Devchandra Sah. Always confirm current details on the issuer's site before applying. How we research →
Similar & related cards
Other cards worth comparing before you apply.
IDFC FIRST Ashva Credit Card
Comparable IDFC option
RBL Bank World Safari Credit Card
Comparable RBL option
SBI Card PRIME
Comparable SBI option
RBL Bank Platinum Maxima Plus Credit Card
Comparable RBL option
Marriott Bonvoy HDFC Bank Credit Card
Comparable HDFC option
Bank of Baroda Eterna Credit Card
Comparable BOB option
Want to know if this beats your current card for your spending?