Yes Bank ACE Credit Card Review
At a Glance
| Joining Fee | ₹499 + GST (₹588.82 all-in), reversed on ₹5,000 of spends in the first month |
| Annual Fee | ₹499 + GST, reversed on ₹50,000 of spends in the 12 months before renewal |
| Best Suited For | First-time Yes Bank cardholders who shop mostly online and redeem points for flights or hotels |
| Reward Type | YES Rewardz Points |
The Yes Bank ACE Credit Card is an entry-level rewards card. It was earlier called YES Prosperity Rewards Plus, and it now earns 8 points per ₹200 online and 4 points per ₹200 offline.
The fee is ₹499 + GST, and it is easy to get back. Spend ₹5,000 in your first month and the joining fee is reversed. Spend ₹50,000 in a year and the renewal fee is reversed too.
The catch is a long exclusion list that changed on 15 June 2026. UPI, fuel, rent, insurance, education and several other categories now earn nothing. This review covers the earn rules, the real point value and who should skip it.
Rewards & Benefits
Reward rate and earn structure
| Spend type | Reward rate |
|---|---|
| Online shopping | 8 points per ₹200 |
| Offline shopping | 4 points per ₹200 |
| Utilities and pay TV or streaming (MCC 4900, 4899) | 2 points per ₹200, utility points capped at 150 per statement cycle |
| Total earning cap | 5,000 points per statement cycle |
Every rate above sits under the overall cap of 5,000 points per statement cycle. At 8 points per ₹200, you reach that cap after about ₹1.25 lakh of online spending in a cycle.
From 15 June 2026, no points are earned on rent, wallet loads, fuel, UPI, government, marketing and advertising, insurance, education, railways, toll, ferry and jewellery. Cash withdrawals and every type of EMI are excluded as well.
The UPI exclusion matters most. If you planned to pay at QR codes with this card, those payments earn zero points.
Redemption and point value
| Redemption option | Value of 1 point |
|---|---|
| Flights and hotel bookings | ₹0.25 |
| E-gift vouchers | ₹0.10 |
| Statement credit | ₹0.10 |
| Merchandise or PM Cares donation | ₹0.10 |
| Air India Maharaja Club | 10 points per 1 air mile |
On flights and hotels, 8 points per ₹200 is worth ₹2, a 1% return online. Offline it drops to 0.5%. Redeem for vouchers or statement credit instead and the online return falls to 0.4%.
Each redemption needs at least 2,000 points and costs ₹100 + GST. Flight bookings add a ₹99 + GST convenience fee, and points can cover only 70% of the invoice.
Voucher and statement credit redemptions are limited to 50% of your available points. Points stay valid for 36 months from the date you earn them, so you can save up for one larger booking.
Lifestyle benefits
The card offers a buy-one-get-one coffee deal at eligible outlets inside select malls. It also carries a purchase protection plan, and Yes Bank lets you pick a rewards subscription plan from its card services page.
The MITC does not list ACE among the cards with complimentary airport lounge access. There is no welcome bonus or milestone benefit beyond the fee reversals.
Fees & Charges
| Charge | Amount |
|---|---|
| Joining fee | ₹499, reversed on ₹5,000 in the first month |
| Renewal fee | ₹499, reversed on ₹50,000 in the prior 12 months |
| Interest | 3.99% a month (47.88% a year) |
| Foreign currency markup | 3.5% from 15 June 2026 (2.75% before) |
| Dynamic currency conversion | 1% |
| Cash advance fee | 2.5% or ₹650, whichever is higher |
| Late payment | 10% of statement balance or ₹1,350, whichever is lower, if dues exceed ₹500 |
| Rent payments | 1%, minimum ₹199 above ₹1,000 |
| Wallet loads above ₹2,000 | 1% |
| Utility bills | 1% once utility spends cross ₹25,000 in the previous month |
| Fuel | 1% on a fuel bill above ₹10,000, or once monthly fuel crosses ₹25,000 |
| Fuel surcharge waiver | 1% on ₹500 to ₹3,000, up to ₹100 per statement |
All fees attract 18% GST. The first-year reversal is simple: ₹5,000 in the first month of card setup covers it. For renewal, ₹50,000 a year is about ₹4,200 a month.
The charge that catches people out is the 3.99% monthly interest. That is higher than the 3.75% many banks charge, so never revolve a balance on this card.
Eligibility & Documents Required
| Criteria | Requirement |
|---|---|
| Age | 21 to 60 years |
| Employment | Salaried or self-employed |
| Income | Net salary of ₹25,000 a month, or ITR of ₹7.5 lakh and above |
| Existing Yes Bank card | Not eligible if you already hold one |
Keep your PAN, Aadhaar and income proof ready. Salaried applicants usually need recent salary slips, while self-employed applicants use their latest ITR.
Pros & Cons
| Pros | Cons |
|---|---|
| Joining fee comes back on just ₹5,000 of spends | No points on UPI, fuel, rent, insurance or education |
| 1% back online when redeemed for flights or hotels | ₹100 + GST fee on every redemption |
| Points valid for 36 months | 3.5% forex markup and 3.99% monthly interest |
| Low ₹25,000 monthly salary bar | No lounge access |
Yes Bank ACE vs Competitors
| Feature | Yes Bank ACE | Yes Bank Select | Yes Bank Elite+ |
|---|---|---|---|
| Annual fee | ₹499 | ₹599 | ₹999 |
| First-year reversal | ₹5,000 spend | ₹10,000 spend | ₹20,000 spend |
| Renewal reversal | ₹50,000 a year | ₹1,00,000 a year | ₹2,00,000 a year |
| Forex markup | 3.5% | 3.5% | 3% |
ACE has the easiest fee reversal in this group. Step up to the Yes Bank Elite+ Credit Card if you travel abroad and want a lower markup.
How to Apply
Go to the ACE Credit Card page on Yes Bank’s website and select Apply for Credit Card Online. Enter your PAN, mobile number and income details, then finish the KYC steps.
If you already hold a Yes Bank Visa or Mastercard credit card, you cannot get ACE. Yes Bank points you to a virtual RuPay card instead.
Frequently Asked Questions
Is the Yes Bank ACE annual fee waived?
Yes, the ₹499 renewal fee is reversed if you spend ₹50,000 in the 12 months before renewal. The joining fee is reversed on ₹5,000 of spends in the first month.
Does Yes Bank ACE give reward points on UPI?
No. From 15 June 2026, UPI transactions earn no points on ACE, along with fuel, rent, wallets, insurance and education.
What is 1 Yes Bank ACE reward point worth?
₹0.25 when redeemed for flights or hotels, and ₹0.10 for vouchers or statement credit. Each redemption costs ₹100 + GST.
What is the minimum salary for Yes Bank ACE?
₹25,000 net a month for salaried applicants, or an ITR of ₹7.5 lakh for the self-employed. You must be 21 to 60.
Does the ACE card have lounge access?
No. ACE is not on the MITC’s list of cards with complimentary lounge access.
Is Yes Bank ACE the same as YES Prosperity Rewards Plus?
Yes. Yes Bank renamed YES Prosperity Rewards Plus as ACE, and the MITC confirms the change.
Bottom Line
The Yes Bank ACE Credit Card is a cheap entry card that rewards online shopping. Redeemed for flights or hotels, it returns 1% online and 0.5% offline, and ₹50,000 a year keeps it free.
Get it if you are new to Yes Bank, shop online regularly, and are happy to save points for one travel booking. The 36-month validity makes that practical.
Skip it if you pay mostly by UPI, spend on fuel or rent, or want lounge access. The ₹100 redemption fee also hurts small redeemers, so a flat cashback card will serve you better.
Fees and features are as of October 2026. Check Yes Bank’s site before applying.
