Yes Bank is one of the newest entrants in India’s credit card market and set an ambitious goal to reach the No. 3 position in the industry by 2020. While this target is bold, it is achievable given the recent push toward a digital economy following demonetization, which has driven greater adoption of card-based payments.
Earn 2X Reward Points
To support that push, Yes Bank has been promoting its YES FIRST range of premium cards, including the YES FIRST Preferred and the YES FIRST Exclusive, with focused offers designed for high-value customers.
Earn 100% Bonus Reward Points on Insurance Payments with YES FIRST Cards
Promotion: Until 31 March 2017, YES FIRST cardholders can earn 100% bonus reward points (effectively 2X points) on insurance premium payments, capped at 10,000 bonus reward points.
What this means for YES FIRST cardholders
During the offer period, if you pay insurance premiums using a YES FIRST credit card, you will receive your normal reward points for that spend plus an equal amount as bonus reward points, up to a maximum bonus of 10,000 reward points per credit card account.
For example, if your insurance payment earns 6,000 reward points normally, you will receive an additional 6,000 bonus points. If your normal accrual is 15,000 points, the bonus will be capped at 10,000 points, giving a total of 25,000 reward points for that spend.
- 10,000 bonus reward points are equivalent to ₹2,500 (1 RP = ₹0.25).
Key terms to note
- Cardholders will earn 100% extra bonus reward points or 10,000 reward points, whichever is lower.
- There is no minimum spend requirement; all insurance premium payments qualify.
- Insurance premium payments made on add-on cards are eligible; the maximum bonus reward points is 10,000 per credit card account.
- The offer is valid until 31 March 2017.
- Bonus reward points will be credited to the cardholder’s account by 30 June 2017.
This promotion provides a straightforward way to earn up to an additional ₹2,500 just by paying insurance premiums with your YES FIRST card. To participate, you need to register for utility/insurance payments by submitting the physical form available on Yes Bank’s website and ensure your payment is made during the promotional period.
While other premium cards—such as certain Diners Club variants that use a 10X program—can offer very high effective returns on insurance payments through specific features, the Yes Bank offer is still highly attractive for YES FIRST cardholders thanks to its simplicity and a generous bonus cap.
Share your experience: if you’ve used your YES FIRST card to pay insurance premiums during this promotion, let us know how it worked for you and whether you received the bonus reward points.
Update: You can also earn 1,000 RPs (₹250) for every new YesPayNow registration with the auto-debit option.