YES Bank Zagg Credit Card
Zagg (formerly Rio) is an app-first, lifetime-free RuPay credit card built for UPI scan-and-pay. Read its headline carefully: Zagg's own rewards policy says "3% of the transaction amount will be credited as Zagg Coins" — that is a coin count, not a rupee value, and **a Zagg Coin is ₹0.25**. So ₹100 through Zagg UPI earns 3 coins worth ₹0.75, an effective **0.75%**, and only on Zagg-app UPI and contactless spends; other spends earn less. Coins are redeemed in the Zagg app, cost ₹100 plus GST to redeem, and each cycle you can earn no more than coins equal to 1.5% of your credit limit. Fuel, utilities, insurance, education, rent and government spends earn nothing. What makes the card worth holding is not the rate — it is that a lifetime-free card carries complimentary domestic airport lounge access at all. Zagg also issues cards through AU Small Finance Bank and PNB; those are separate products with their own rates, and this entry is the YES Bank Zagg.
Key features
What this card is built to do — the highlights that actually matter.
0.75% on Other
3 Zagg Coins per ₹100 on Zagg-app UPI and contactless spends. Zagg's rewards policy credits coins equal to 3% of the amount, and a Zagg Coin is ₹0.25 — so the real return is about 0.75%. Minimum ₹50 a transaction; coins per cycle capped at 1.5% of your credit limit; ₹100 + GST to redeem
️ Airport Lounge Access
Complimentary domestic airport lounge access (YES Bank Zagg variant)
Lifetime Free
No annual fee — ever. Keep this card long-term without any recurring cost.
Fuel Surcharge Waiver
1% waiver on fuel transactions, capped at ₹250/month
UPI Linked
Link to PhonePe, GPay or Paytm and earn credit card rewards on UPI payments
Full reward structure
| Category | Type | Rate | Monthly cap |
|---|---|---|---|
| Other | reward points | 0.75% | — |
Fees & charges
| Charge | Amount |
|---|---|
| Annual fee (incl. 18% GST) | Lifetime free |
| Joining fee (incl. 18% GST) | Free |
| Finance charge (APR) | 3.99% p.m. |
| Forex markup | 3.5% |
| Fuel surcharge waiver | 1%, cap ₹250 |
Perks & benefits
Estimated annual value beyond rewards — ~₹2,000/yr in total.
️ lounge access ~ ₹2,000 /yr
Complimentary domestic airport lounge access (YES Bank Zagg variant)
Should you get it?
Best for: Someone who wants domestic lounge access on a card that costs nothing to keep, A UPI-first spender treating the coins as incidental
Entry tier — great for first-time and lower-spend users.
Strongest value if you spend heavily on Other ( 0.75% back).
Frequent travellers benefit from the included airport lounge access.
✓ Pros
- Lifetime-free, with complimentary domestic lounge access — rare on a no-fee card, and the main reason to hold it
- Earns on UPI scan-and-pay, where most cards earn nothing
- Instant virtual card, managed in-app
✕ Cons
- The advertised "3%" is 3 Zagg Coins per ₹100, and a coin is ₹0.25 — the real return is about 0.75%
- Redeeming Zagg Coins costs ₹100 plus GST
- The rate applies to Zagg-app UPI and contactless spends only; other spends earn less
- Coins earned in a cycle are capped at 1.5% of your credit limit, and need a ₹50 minimum transaction
- Fuel, utilities, insurance, education, rent and government spends earn nothing
- App-first card; Zagg also runs separate AU and PNB variants with different rates
Eligibility & documents
Age
21 –60 years
Min. income
₹25,000 /mo
Employment
Salaried · Self-employed
Documents required
- PAN card
- Aadhaar / valid address proof
- Income proof — salary slips (salaried) or ITR (self-employed)
How to redeem rewards
Ways to convert what you earn into real value.
🎁 Redeem Zagg Coins in the Zagg app at ₹0.25 a coin, for vouchers, offers or statement credit
🎁 Redemption carries a ₹100 + GST fee
🎁 Earn on Zagg-app UPI and contactless transactions of ₹50 or more
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
The concern The advertised 3% is a coin count, not a rate. Zagg credits coins equal to 3% of the amount and a Zagg Coin is ₹0.25, so the real return is roughly 0.75% — and redeeming costs ₹100 + GST.
The bottom line
The primary justification for keeping this card in your wallet is complimentary domestic airport lounge access rather than transaction rewards. The advertised "up to 3%" headline yields 3 Zagg Coins per ₹100, which converts to an effective 0.75% return at ₹0.25 per coin—trailing standard 1% entry-level cashback cards—and applies solely to contactless and native Zagg-app UPI spends while levying a ₹100 + GST redemption fee. While these modest reward economics fall short of dedicated cashback cards, its lifetime-free structure paired with domestic lounge privileges ensures tangible utility at zero ongoing cost.
Sources & verification
Fees, reward rates, and benefits for the YES Bank Zagg 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 8 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 2024 · 2 changes · last change Dec 2025
▲ Revaluation ▼ Devaluation ◆ Neutral / reversed
2025 1 change — 1 neutral
◆ Benefit Effective Dec 2025
Rio rebrands to Zagg after Zaggle acquisition
YES Bank Rio Credit Card (Rio Money app) → YES Bank Zagg Credit Card (Zagg Money app)
Following Zaggle's acquisition of Rio.money, the Rio Money app and its YES Bank co-branded card were renamed to Zagg — rio.money now redirects to zagg.money. The rebrand kept the same core features, rewards and lifetime-free structure; only the brand name changed for existing holders.
Verification: CardAdvisor Research · Confidence: Reconstructed
2024 1 change — 1 neutral
◆ Launch Effective 18 Nov 2024
Launched as the YES Bank Rio RuPay Credit Card
Lifetime-free RuPay credit card on UPI, 3% back on UPI/contactless spends + domestic lounge access
Rio.money launched a co-branded RuPay credit card with YES Bank and NPCI, linkable to any UPI app for scan-and-pay. The lifetime-free card earned up to 3% back on UPI and contactless spends and carried complimentary domestic airport lounge access — the product later rebranded to Zagg.
Verification: CardAdvisor Research · Confidence: High
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.
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Source: YES Bank Zagg Credit Card value timeline — CardAdvisor
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Source: YES Bank Zagg Credit Card value timeline , CardAdvisor (CC BY 4.0).
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Quick summary
Type Entry credit card
Reward rate 0.75%
Best for Someone who wants domestic lounge access on a card that costs nothing to keep
Joining fee Free
Annual fee Lifetime free
Reviewed by
Devchandra Sah · Cards tested, miles earned, trips booked — for over a decade
Last verified 8 Aug 2026
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280 cards analysed — August 2026
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