YES Prosperity Cashback Credit Card
The YES Prosperity Cashback was the ₹999 base of YES Bank's Prosperity cashback line — a simpler, cheaper sibling of the ₹1,499 Prosperity Cashback Plus. It pays 5% cashback on groceries, movie tickets and utility bill payments, and 0.5% on other retail spends (fuel excluded). The important limits are the caps: TWO separate ₹100-per-cycle ceilings — one on the grocery-and-movie 5% (transactions over ₹500; smaller ones earn the 0.5% base) and another on the utility 5%, which also needs an auto-pay standing instruction registered with YES Bank. Bills paid manually earn only the 0.5% base capped at ₹750 a cycle, and utility spends over ₹15,000 a cycle earn nothing at all — so the 5% is a small, bounded top-up rather than a big earner. It adds a 1% fuel surcharge waiver, and per YES Bank's MITC the ₹999 annual fee is NOT waivable on spend. YES Bank has now closed the card to new customers: its product page states that issuance for new customers has been discontinued, and that existing cardholders will be issued a new card on expiry. So this page is a reference for holders, not an application route.
Key features
What this card is built to do — the highlights that actually matter.
5% on Groceries
5% on groceries and movie tickets, capped ₹100/statement cycle (its own cap, separate from the utility one); transactions over ₹500 earn the 5% — below that, the 0.5% base applies
5% on Utility Bills
5% on utility bills paid by auto-pay standing instruction, capped ₹100/cycle (separate from the grocery-movie cap); manual payments earn the 0.5% base capped ₹750/cycle; no cashback once utility spends cross ₹15,000 in a cycle
Fuel Surcharge Waiver
1% waiver on fuel transactions, capped at ₹100/month
Full reward structure
| Category | Type | Rate | Monthly cap |
|---|---|---|---|
| Groceries | cashback | 5% | ₹100 |
| Utility Bills | cashback | 5% | ₹100 |
| Other | cashback | 0.5% | — |
Fees & charges
| Charge | Amount |
|---|---|
| Annual fee (incl. 18% GST) | ₹1,179 |
| Joining fee (incl. 18% GST) | ₹1,179 |
| 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 — ~₹600/yr in total.
fuel waiver ~ ₹600 /yr
1% fuel surcharge waiver on fuel transactions between ₹500 and ₹3,000, capped at ₹100 a month; no waiver on UPI fuel transactions
Should you get it?
Best for: Existing holders who fill the twin ₹100/cycle caps on groceries and auto-paid bills
Mid tier — a solid all-rounder for steady monthly spend.
Strongest value if you spend heavily on Groceries ( 5% back).
✓ Pros
- 5% cashback on groceries, movies and utility bills (within the caps)
- Simple statement-credit cashback — no points or vouchers to manage
- Fuel surcharge waiver on everyday refuelling
- Existing holders keep the card — a renewal is issued on expiry
✕ Cons
- Closed to new customers — YES Bank has discontinued issuance
- Cashback capped at ₹100 per statement cycle in each 5% bucket — about ₹200 a month at the very best
- The utility 5% needs an auto-pay standing instruction, and utility spends over ₹15,000 a cycle earn nothing
- Annual fee of ₹999 is NOT waivable on spend (per YES Bank MITC)
- YES Bank levies a 1% + GST transaction fee on utility spends once they cross ₹25,000 in the previous month, and on individual fuel transactions above ₹10,000
- 0.5% base rate on non-bonus spends is below average
Eligibility & documents
Min. income
₹25,000 /mo
Employment
Salaried · Self-employed
Documents required
- PAN card
- Aadhaar / address proof
- Income proof (salary slips or ITR)
- Passport-size photograph
How to redeem rewards
Ways to convert what you earn into real value.
🎁 Cashback credited directly as statement credit against eligible spends
🎁 No points, portals or vouchers to manage
What your Cashback are worth
Realistic value per point by redemption route — the difference is what most people leave on the table.
Statement credit Direct cash adjustment — no conversion
The concern Closed to new customers — and even for holders, cashback is capped at ₹100 per statement cycle in each 5% bucket (about ₹200 a month at the very best) against a ₹999 fee that is not waivable on spend, so the card barely clears its own cost.
The bottom line
The base Prosperity Cashback provided targeted 5% statement credits across groceries, cinema tickets, and automated utility bills, but was heavily constrained by structural caps. Independent ₹100 monthly ceilings across categories restricted total annual upside to at most ₹2,400, while the baseline 0.5% earn rate remained sluggish. Compounding this, the non-waivable ₹999 fee (plus taxes) left minimal net profit even for cardholders who maxed out both category allowances every billing cycle. Because YES Bank has formally discontinued new card issuances—maintaining existing accounts purely on a renewal-at-expiry basis—consumers seeking high-yield utility and grocery rewards should pursue modern alternatives such as the [Axis ACE](/cards/axis-ace), which deliver comparable or superior returns without an unyielding fee hurdle.
Sources & verification
Fees, reward rates, and benefits for the YES Prosperity Cashback 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 2024 · 2 changes · last change Jun 2026
▲ Revaluation ▼ Devaluation ◆ Neutral / reversed
2026 1 change — 1 cut
▼ Fee Effective 15 Jun 2026
Forex markup raised to 3.50%; fuel-waiver band narrowed
3.40% forex; waiver on fuel transactions of ₹400–₹5,000 → 3.50% forex; waiver on ₹500–₹3,000 (cap ₹100/cycle unchanged; no waiver on UPI fuel)
Effective 15 June 2026 the foreign-currency markup on the Prosperity Cashback family rose from 3.40% to 3.50%, and the 1% fuel-surcharge waiver's qualifying band narrowed from ₹400–₹5,000 to ₹500–₹3,000 per the master MITC. The card's own page footnotes date the old figures. The ₹100-per-cycle waiver cap is unchanged, and UPI fuel transactions get no waiver.
Verification: YES Bank ↗ · Confidence: High
2024 1 change — 1 cut
▼ Fee Effective 1 Dec 2024
Finance charges raised to 3.99% per month
3.99%/month (47.88% p.a.)
YES Bank moved its mainstream card range to a 3.99% monthly finance charge (about 47.88% annualised) effective 1 December 2024; both Prosperity Cashback cards sit in the MITC's "Other Credit Cards" band, and their pages state the rate verbatim.
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 Prosperity Cashback Credit Card value timeline — CardAdvisor
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Source: YES Prosperity Cashback Credit Card value timeline , CardAdvisor (CC BY 4.0).
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Quick summary
Type Mid credit card
Reward rate 0.5%–5%
Best for Existing holders who fill the twin ₹100/cycle caps on groceries and auto-paid bills
Joining fee ₹999
Annual fee ₹999
Reviewed by
Devchandra Sah · Cards tested, miles earned, trips booked — for over a decade
Last verified 7 Aug 2026
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