After devaluing many of its credit card benefits, Yes Bank has started sending out a new round of spend-based promotions — a format that was especially popular in 2017. These are personalized offers that assign two spending targets (Target #1 and Target #2). Meeting each target earns the cardholder an Amazon e-voucher of a specified value. Details follow below.
Yes Bank Amazon Offer Details
- Type: Spend based
- Offer 1: Spend Rs. X to get Rs. Y Amazon e-voucher
- Offer 2: Spend Rs. XX to get Rs. YY Amazon e-voucher
- Offer period: 15 May to 31 May 2019
- Fulfilment: 30 June 2019
- Sample offer received: Spend Rs. 50,000 to get Rs. 2,500 voucher (or) Spend Rs. 40,000 to get Rs. 1,000 voucher
- Source: Yes Bank terms and conditions for Amazon voucher on credit card spends (May 2019)
If your personalized targets match the sample, this works out to an incremental reward rate between approximately 2.5% and 5% on top of the card’s regular rewards — a meaningful boost for those who can meet the spend thresholds. Thanks to Satish Kumar Agarwal for sharing the offer details.
Yes Bank typically communicates these promotions first by SMS and then follows up with an email. Offers appear to be targeted: customer service confirmed there were no active spend-based offers on my account, so the bank is likely sending them to a limited set of cardholders.
If you received a spend-based offer from Yes Bank, please share the targets you were given in the comments.