The YES BANK Paisabazaar PaisaSave Credit Card is a co-branded cashback card designed for users who frequently shop online. It offers straightforward cashback benefits and is ideal for digital-first users.
Key Benefits & Features
- 3% Cashback on Online Shopping
Earn 6 reward points for every ₹200 spent on popular online platforms like Amazon, Flipkart, Swiggy, Zomato, Nykaa, and more. - 1.5% Cashback on UPI & Offline Purchases
Receive 3 reward points per ₹200 spent on UPI payments and offline transactions. - Easy Cashback Redemption
Redeem points directly as statement credit. 1 reward point = ₹1, with no redemption charges. - Fuel Surcharge Waiver
Enjoy 1% waiver on fuel transactions ranging from ₹500 to ₹3,000. The maximum waiver is capped at ₹250 per billing cycle. - Annual Fee Details
- 1st Year: Absolutely free
- From 2nd Year Onwards: ₹499 + taxes
- Fee Waiver: Spend ₹1.2 lakh annually to get the annual fee waived.
- Dual Network Advantage
Get a physical card on Mastercard and a virtual RuPay version for seamless UPI transactions.
Eligibility Criteria
To apply for this card, you must meet the following:
- Age: Between 21 and 60 years
- Employment: Open to both salaried and self-employed individuals
- Income Requirement:
- Salaried: Minimum ₹25,000 per month (net salary)
- Self-Employed: Minimum ₹5 lakh ITR annually
Application Process
You can apply for the card through:
- The official YES BANK website
- Financial marketplaces or credit card aggregator platforms
Advantages & Drawbacks
Why You’ll Love It:
- Attractive cashback on both online and offline spends
- No restrictions on merchants for cashback
- Simple and fee-free reward redemption
- Low annual fee with an achievable waiver
Keep in Mind:
- Cashback is capped at 5,000 reward points/month at the 3% rate; excess spends earn at 1.5%
- Not bundled with premium lifestyle or travel perks
Additional Notes
- This card is not available for users with no prior credit history
- If you already own a YES BANK credit card, you are not eligible for this one
- The RuPay card is offered only as an add-on with the Mastercard version
FAQs – YES BANK Paisabazaar PaisaSave Credit Card
- What is the PaisaSave Credit Card?
It’s a co-branded cashback credit card from YES BANK and Paisabazaar, offering rewards on online and offline spends. - Is this card free in the first year?
Yes, there is no annual fee for the first year. - What is the renewal fee?
₹499 plus taxes from the second year. - How can I waive the renewal fee?
Spend ₹1.2 lakh or more in a year to get the annual fee waived. - What cashback do I earn on online shopping?
You earn 3% cashback (6 reward points per ₹200) on select online merchants. - Do I earn cashback on UPI and offline spends?
Yes, you get 1.5% cashback (3 reward points per ₹200) on UPI and offline transactions. - Where can I redeem the reward points?
Points can be redeemed as a direct statement credit via YES Rewardz. - What is the redemption value of reward points?
1 reward point equals ₹1. - Is there a fee for redeeming points?
No, redemption is completely free. - Does this card support UPI?
Yes, the virtual RuPay version supports UPI payments. - Do I get a physical card?
Yes, you receive a physical Mastercard version. - What is the fuel surcharge waiver?
1% waiver on fuel spends between ₹500–₹3,000, up to ₹250 per month. - Is there a monthly cap on cashback?
Yes, maximum of 5,000 reward points per month at the 3% rate. - What is the minimum age to apply?
Applicants must be at least 21 years old. - Can self-employed individuals apply?
Yes, both salaried and self-employed individuals are eligible. - Is there an income requirement?
Yes. Minimum ₹25,000 monthly salary or ₹5 lakh annual ITR. - Can new-to-credit applicants get this card?
No, it’s not available for those without a credit history. - Can existing YES BANK cardholders apply?
No, existing YES BANK cardholders are not eligible. - How long does approval take?
Approval time may vary, but typically takes a few working days after document verification. - Where can I apply for this card?
You can apply via YES BANK or through the Paisabazaar platform.
