YES Bank Ace Credit Card
The YES Bank Ace (the renamed Prosperity Rewards Plus) is an entry-level online-shopping card with the simplest pitch in YES Bank's line-up: 8 YES Rewardz per ₹200 on online spends (capped at 5,000 points a statement cycle), 4 per ₹200 offline and 2 per ₹200 on select categories — utilities and cable/streaming. YES Rewardz redeem at about ₹0.20 apiece for vouchers and products and up to ₹0.25 for flights and hotels via the YES rewardz portal, so the honest everyday return is roughly 0.8% online and 0.4% offline. The ₹499 fee is the lowest in the range and waives at just ₹50,000 of annual spend — an easy bar — with the joining fee reversed on ₹5,000 in the first month. There are no lounge, golf or movie benefits; the extras are a 1% fuel surcharge waiver (capped ₹100 a month), a buy-one-get-one coffee offer at malls and a purchase-protection plan. Our records list the Ace on Visa (YES does not publish the network rail on the product page) and it is not UPI-linked. A clean, cheap points card for the online shopper who wants a low-commitment second card, not a perk-laden lifestyle card.
Key features
What this card is built to do — the highlights that actually matter.
0.8% on Online Shopping
8 YES Rewardz per ₹200 on online spends (~0.8% at ₹0.20/pt), capped at 5,000 points a statement cycle
0.4% on Other
4 YES Rewardz per ₹200 on offline and other spends (~0.4% at ₹0.20/pt)
Annual Fee Waiver
Fee of ₹499 + 18% GST (₹589 all-in)/yr fully waived when you spend ₹50,000/year
24x7 Concierge
Buy-one-get-one on coffee at participating mall outlets, per YES Bank's offer terms and conditions; a purchase-protection plan also applies to eligible purchases
Fuel Surcharge Waiver
1% waiver on fuel transactions, capped at ₹100/month
Full reward structure
| Category | Type | Rate | Monthly cap |
|---|---|---|---|
| Online Shopping | reward points | 0.8% | ₹1,000 |
| Other | reward points | 0.4% | — |
| Utility Bills | reward points | 0.2% | ₹30 |
Fees & charges
| Charge | Amount |
|---|---|
| Annual fee (incl. 18% GST) | ₹589 |
| Joining fee (incl. 18% GST) | ₹589 |
| Finance charge (APR) | 3.99% p.m. |
| Forex markup | 3.5% |
| Fuel surcharge waiver | 1%, cap ₹100 |
| Reward redemption fee | ₹100 |
Perks & benefits
Estimated annual value beyond rewards — ~₹2,000/yr in total.
fuel waiver ~ ₹1,500 /yr
1% fuel surcharge waiver on transactions between ₹500 and ₹3,000, capped at ₹100 a month
concierge ~ ₹500 /yr
Buy-one-get-one on coffee at participating mall outlets, per YES Bank's offer terms and conditions; a purchase-protection plan also applies to eligible purchases
Should you get it?
Best for: Everyday online shoppers who want a cheap points card, People wanting a low-commitment second card for online spends, YES Bank customers who value an easy ₹50,000 fee waiver
Entry tier — great for first-time and lower-spend users.
Strongest value if you spend heavily on Online Shopping ( 0.8% back).
✓ Pros
- Lowest fee in the YES range (₹499) with an easy ₹50,000 annual-spend waiver
- 8 YES Rewardz per ₹200 on online spends, plus 2 per ₹200 on select categories (utilities and cable/streaming)
- 1% fuel surcharge waiver on transactions between ₹500 and ₹3,000 (capped ₹100 a month)
- Buy-one-get-one coffee at participating mall outlets and a purchase-protection plan
✕ Cons
- Online earning is capped at 5,000 YES Rewardz a statement cycle, limiting the effective rate
- No lounge, golf or movie benefits
- YES Rewardz are worth only ~₹0.20 on vouchers and products; rent, fuel, wallet loads, UPI, government payments, insurance and education earn nothing
- A ₹100 + GST fee applies each time you redeem reward points, so redeem in fewer, larger batches
- Existing YES Bank credit cardholders are not eligible to apply
Eligibility & documents
Min. income
₹25,000 /mo
Employment
Salaried · Self-employed
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.
🎁 Redeem YES Rewardz on the YES rewardz portal for vouchers and products (~₹0.20/point)
🎁 Redeem for flights and hotels via the YES rewardz portal for the best value (up to ~₹0.25/point)
🎁 A ₹99 + GST convenience fee applies to flight bookings made with points
🎁 YES Rewardz expire 3 years after accrual
What your YES Reward Points are worth
Realistic value per point by redemption route — the difference is what most people leave on the table.
Statement credit Capped at 50% of the point balance; ₹100 + GST per redemption request
E-gift voucher (EGV) Capped at 50% of the balance and ₹25,000 a calendar month
Flights & hotels BEST YES's best route — capped at 70% of invoice value; ₹99 + GST convenience fee on flights
Air India Maharaja transfer Air India is YES's only transfer partner, and the flagship is NOT the best deal: YES Private and Private Prime convert 8:1 (⇒ ₹0.125/pt) while Marquee and every other card sit at 10:1 (⇒ ₹0.10/pt) — the rate YES itself publishes as '1 Air Mile per 10 Reward Points'. Both sit below the ₹0.25 flights-and-hotels route, so on YES transferring destroys value. No minimum; credited in up to 7 working days.
✈ Transfer partners ✈ Air India Maharaja Club ( 10:1 ) Value your balance: YES Reward Points ✈ Air India Maharaja Club ( 10:1 ) ₹ 1,000 vs. typical redemption ₹ 1,000 Direct transfers from this card only, ranked by what a point is worth in the destination programme . Full calculator, every currency → The concern Online earning is capped at 5,000 points a cycle and YES Rewardz are worth only ~₹0.20 on everyday redemptions, so the real return is modest; there are no lounge, golf or movie benefits, and rent, fuel, wallet loads, UPI, government payments, insurance and education spends earn nothing.
The bottom line
The Ace serves as YES Bank's straightforward budget card: its 8 YES Rewardz per ₹200 on online spend delivers a modest ~0.8% return at baseline point valuations, but the low ₹50,000 annual spend waiver threshold makes it virtually cost-free for regular users. It skips airport lounges, golf, and movie tickets, focusing on basic perks like coffee buy-one-get-one offers and purchase protection, with maximum point value realized on travel bookings. It makes practical sense as a low-cost secondary card for online transactions rather than a primary wallet centerpiece.
Sources & verification
Fees, reward rates, and benefits for the YES Bank Ace Credit Card are taken from YES Bank 's official Most Important Terms & Conditions (MITC) and fee schedule — see the card's official page . Last verified 7 Aug 2026 . Reviewed by Devchandra Sah . Always confirm current details on the issuer's site before applying. How we research →
Independence. CardAdvisor is an independent editorial publication. We are not affiliated with, endorsed by, sponsored by, or authorised to act for YES Bank . All issuer names, product names, and payment-network marks are the property of their respective owners and appear here for identification and comparison only. Card faces shown on this site are our own original illustrations — we do not display or host issuer card artwork or logos.
Value timeline
Every real-world change to this card's rewards, fees and benefits we've tracked — newest first, each linked to its source.
Tracking since 2022 · 16 changes · last change Jun 2026
▲ Revaluation ▼ Devaluation ◆ Neutral / reversed
2026 5 changes — 4 cuts, 1 improvement
▼ Fee Effective 15 Jun 2026
Cash-advance, auto-debit and deposit fees raised
Cash advance 2.5% or ₹500 · auto-debit failure 2% or ₹450 (capped ₹1,500 a statement) · branch cash deposit ₹100 · card re-issuance ₹100 → Cash advance 2.5% or ₹650 · auto-debit failure 2.5% or ₹500 (capped ₹5,000 a statement) · branch cash deposit ₹500 · cheque deposit ₹250 · card re-issuance ₹199
The same 15 June 2026 MITC revision lifted YES BANK's across-the-board service charges, so the slip-ups cost an Ace holder more — a failed auto-debit, an ATM cash advance, paying the bill in cash or by cheque at a branch, or replacing a lost card. None of this touches what the card earns, but it raises the price of using it carelessly.
Verification: YES Bank ↗ · Confidence: High
▼ Fee Effective 15 Jun 2026
Forex markup raised 2.75% to 3.50%
2.75% → 3.50%
YES BANK's MITC v18 raises the Ace's foreign-currency mark-up from 2.75% to 3.50% with effect from 15 June 2026, on top of the flat 1% dynamic-currency-conversion charge on INR-billed international transactions. A ₹50,000 overseas spend now costs ₹375 more in markup alone, which pushes an already point-thin card firmly out of contention for foreign spending.
Verification: YES Bank ↗ · Confidence: High
▼ Benefit Effective 15 Jun 2026
Fuel surcharge waiver window narrowed to ₹500–₹3,000
₹400 to ₹5,000 per transaction → ₹500 to ₹3,000 per transaction
From 15 June 2026 the Ace's 1% fuel surcharge waiver only applies to fuel transactions between ₹500 and ₹3,000, so a full-tank fill above ₹3,000 stops qualifying. The monthly ceiling is unchanged at ₹100 a statement cycle, and fuel paid through UPI earns no waiver at all.
Verification: YES Bank ↗ · Confidence: High
▼ Reward Effective 15 Jun 2026
Reward exclusions widen; select categories shrink to utilities + streaming
Insurance, education, railways, toll, ferry and jewellery earned points; select categories included insurance and education → No points on insurance, education, railways, toll, ferry or jewellery or UPI transactions; select categories now only utilities (MCC 4900) and cable/streaming (MCC 4899)
Effective 15 June 2026 YES Bank stopped awarding YES Rewardz on insurance, education, railway, toll, ferry and jewellery transactions (and, on the Ace, UPI transactions) — on top of the existing rent, wallet, fuel, government, marketing/advertising, cash and EMI exclusions. The half-rate "select categories" tier was simultaneously narrowed to utilities (MCC 4900) and cable/streaming services (MCC 4899) only. The card's own page publishes the new lists.
Verification: YES Bank ↗ · Confidence: High
▲ Benefit Effective 1 Jun 2026
Over-limit facility reinstated at a ₹550 charge
Withdrawn — spends above the sanctioned limit were declined → Available on eligible accounts; ₹550 + GST per over-limit transaction
YES BANK brought the over-limit facility back on 1 June 2026, so a transaction that breaches the sanctioned credit limit can go through instead of being declined — at ₹550 plus GST each time. Eligibility and the permissible headroom are at the bank's discretion, based on credit profile and repayment behaviour.
Verification: YES Bank ↗ · Confidence: High
2025 2 changes — 2 cuts
▼ Benefit Effective 1 May 2025
Over-limit facility discontinued
Spends above the limit allowed at a ₹500 charge → Spends above the limit declined
From 1 May 2025 YES BANK withdrew the over-limit facility across its credit cards, so an Ace transaction above the sanctioned limit was simply declined and the ₹500 over-limit charge stopped applying. The bank reinstated the facility on 1 June 2026, at a higher ₹550 charge.
Verification: CardAdvisor Research · Confidence: High
▼ Reward Effective 1 Apr 2025
Government, marketing and advertising spends stop earning points
Government and tax payments earned 2 points per ₹200 → Government, marketing and advertising spends earn nothing
From 1 April 2025 the Ace stopped earning YES Rewardz on government, marketing and advertising transactions — YES BANK's notification table names the Ace explicitly. Government and tax payments had until then sat inside the card's 2-points-per-₹200 select-category bucket.
Verification: CardAdvisor Research · Confidence: High
2024 5 changes — 5 cuts
▼ Fee Effective 1 Dec 2024
Finance charge raised to 3.99% per month
3.80% per month → 3.99% per month (47.88% a year)
YES BANK's 1 December 2024 revision moved its non-premium cards to 3.99% a month; card records show the Ace at 3.80% before that date and it sits in the MITC's 3.99% "other credit cards" band today. The bank's published notification list did not name the Ace, so the effective date is inferred from the before-and-after record rather than from a card-specific notice.
Verification: CardAdvisor Research · Confidence: Reconstructed
▼ Redemption Effective 1 Dec 2024
Point redemption capped at 70% of invoice
Full invoice payable in YES Rewardz → 70% of invoice, max 1,00,000 points a calendar month
From 1 December 2024 YES Rewardz can cover only 70% of a flight or hotel invoice, with the Ace falling in the MITC's "other credit cards" band capped at 1,00,000 points a calendar month. Flights and hotels are exactly where Ace points are worth most, so this clips the card's best redemption route rather than its everyday voucher route.
Verification: CardAdvisor Research · Confidence: High
▼ Benefit Effective 1 May 2024
Fuel surcharge waiver cap cut ₹125 to ₹100 a cycle
₹125 a statement cycle → ₹100 a statement cycle
YES BANK cut the Ace's monthly fuel-surcharge-waiver ceiling from ₹125 to ₹100 with effect from 1 May 2024, and the current MITC still shows ₹100 for the card. Worth at most ₹300 a year, so a small trim rather than a headline loss.
Verification: CardAdvisor Research · Confidence: High
▼ Fee Effective 1 May 2024
Rent and wallet spends stop counting toward the fee waiver
All spends counted toward the waiver thresholds → Rent and wallet-load spends excluded
From 1 May 2024 rent and wallet-load transactions no longer count toward YES BANK's joining and annual fee waiver thresholds. On the Ace — whose entire pitch is the range's easiest bar, ₹5,000 to reverse the joining fee and ₹50,000 to waive the renewal — that quietly made the bar harder for anyone who had been clearing it with rent payments.
Verification: CardAdvisor Research · Confidence: Reconstructed
▼ Fee Effective 1 May 2024
Utility spends above ₹15,000 a month attract a 1% fee
No fee on utility transactions → 1% + GST once monthly utility spends cross ₹15,000
From 1 May 2024 YES BANK began charging 1% plus GST on utility transactions once a month's utility spends crossed ₹15,000 — a direct hit on an Ace holder using the card for its 2-points-per-₹200 recharge, utility and insurance bucket, where the fee comfortably exceeds the reward. The threshold has since been relaxed to ₹25,000 a month in the current MITC.
Verification: CardAdvisor Research · Confidence: High
2023 3 changes — 1 improvement, 2 neutral
◆ Benefit Effective 18 Dec 2023
Credit-shield cover swapped for online purchase protection
Credit shield cover on accidental death of the primary cardholder → Purchase protection on mobiles and electronics bought online, up to six months
The relaunch replaced the card's accidental-death credit-shield cover with purchase protection for mobile phones and electronics bought online, valid six months from purchase. It fits the card's new online-shopping pitch, but holders who valued the life cover simply lost it.
Verification: CardAdvisor Research · Confidence: Reconstructed
▲ Reward Effective 18 Dec 2023
Online earning doubled to 8 points per ₹200
4 points per ₹200 on retail, plus 8 per ₹200 on dining and travel capped at 1,500 points a month → 8 points per ₹200 online capped at 5,000 points a cycle, 4 per ₹200 offline, 2 per ₹200 on select categories
The December 2023 revamp split a flat retail earn into separate online and offline rates, doubling online earning to 8 YES Rewardz per ₹200 under a far roomier 5,000-point cycle cap. The old 8-points-per-₹200 dining and travel accelerator disappeared in the process, so restaurant and travel spenders lost ground while online shoppers — the card's new target — gained.
Verification: CardAdvisor Research · Confidence: High
◆ Launch Effective 18 Dec 2023
Prosperity Rewards Plus relaunched as the YES Bank Ace
YES Prosperity Rewards Plus → YES Bank Ace
YES BANK revamped its consumer card range with effect from 18 December 2023, renaming the Prosperity Rewards Plus to Ace with a new design, an online-first reward structure and added purchase protection. The new benefits applied to existing as well as new cardholders, with existing customers receiving the redesigned plastic at renewal.
Verification: CardAdvisor Research · Confidence: High
2022 1 change — 1 improvement
▲ Fee Effective Feb 2022
Joining and annual fee cut ₹499 to ₹399
₹499 + GST → ₹399 + GST
YES BANK cut fees across much of its range in early 2022, taking the then Prosperity Rewards Plus from ₹499 to ₹399 on both joining and renewal; unlike the premium cards in the same revision, this one had no welcome benefit to surrender in exchange. The fee has since returned to ₹499, on a date YES BANK has not published.
Verification: CardAdvisor Research · Confidence: Reconstructed
↓ Show all 16 changes Each change links to the issuer's own document — bank T&C, MITC, notice, press release or product page — where one is public. Where the bank published nothing, it's marked CardAdvisor Research and verified against the card's current terms. Independent of the live terms shown above. This timeline is one card's slice of our market-wide change record across every tracked card.
Embed this timeline on your site Free to use. Facts only — dates, changes and before/after values. Please keep the credit line below the frame: it's the only part search engines can see, and it's what we ask for in return.
Source: YES Bank Ace Credit Card value timeline — CardAdvisor
“ Cite this timeline Quoting a date or a before/after figure? Copy the HTML version — it credits the record with a working link.
HTML (with link) Plain text Copy
Source: YES Bank Ace Credit Card value timeline , CardAdvisor (CC BY 4.0).
Want to know if this beats your current card for your spending?
Apply now → Compare with my profile
Applications are submitted to and decided by YES Bank . CardAdvisor does not issue cards or process applications.
Find your best card
Answer 5 questions. Get a personalised shortlist with ₹ value estimates.
Find my card →
Quick summary
Type Entry credit card
Reward rate 0.4%–0.8%
Best for Everyday online shoppers who want a cheap points card
Joining fee ₹499
Annual fee ₹499
Reviewed by
Devchandra Sah · Cards tested, miles earned, trips booked — for over a decade
Last verified 7 Aug 2026
How we research →
Useful links
Rewards calculator
Estimate any card’s annual value
Points valuations
What each point is really worth
Latest card changes
Live fee & reward-rate tracker
Market insights
The Indian card landscape
Card data study 2026
280 cards analysed — August 2026
Frequently asked questions
Check your eligibility for this card
Answer a few quick questions and our team will reach out with matching card offers based on your profile.