YES Bank FIRST Business Credit Card: Features & Benefits

YES Bank FIRST Business Credit Card Features & Benefits

The YES Bank FIRST Business Credit Card is tailored for entrepreneurs and business owners to simplify their financial operations while enjoying great benefits. Today, in this competitive business environment, efficient cash flow, expense, and corporate expense management are crucial for growth and sustainability. Benefits.

Credit Card is specifically aimed at meeting the financial needs of small to medium-sized enterprises (SMEs), startups, and other business entities. Its core feature is the robust rewards program, where a cardholder will earn points for every purchase: be it day-to-day business expenses, booking travel, or office needs.

There are other travel benefits available with the YES Bank Credit Card, such as free access to airport lounges and travel insurance. It is also ideal for entrepreneurs who travel much for business purposes. Besides these, the credit card also provides good savings avenues by giving discounts on purchases of various business products, fuel surcharge waivers, and more favorable relationships with different merchants.

In today’s article, we are going to tell you in detail about YES Bank FIRST Business Credit Card. So read this article till the end so that you do not face any problems later.

What is the YES Bank FIRST Business Credit Card?

YES Bank Business Credit Card is a special credit card designed by YES Bank keeping in mind the financial needs of entrepreneurs and business owners. This credit card is specially designed for small and medium enterprises (SMEs) and startups who want to manage their business expenses with ease.

YES Bank FIRST Credit Card not only makes financial transactions easy but also offers several benefits and features that make business operations easy and smooth.

How is the design of the YES Bank Business Credit Card?

Design this credit card from YES Bank will be for businessmen or entrepreneurs- a class in business design; sleekly displayed with smooth, clean-cut, lines having a minimalist flavor and modern. The deep bold color combination on the inside. A simple color of deep, dark colors such as black and blue.

It also bears the iconic image of the YES Bank logo and the name of the cardholder with his or her card number in bold and readable script. The design is minimalist yet stylish and reflects a feeling of professionalism and reliability, thus apt for those operating in the corporate world.

What are the benefits of the YES Bank FIRST Business Credit Card?

Some of the key benefits are as follows:

  1. Earning Points: With every transaction, you earn reward points. You earn approximately 2-3 points per ₹100 spent. Certain categories like travel, dining, or business-related expenses might offer higher reward points.
  1. Bonus Points: Apart from the bonus points for every transaction, there are also some welcome offers and certain spending milestones, through which you are rewarded with additional points.
  1. Redemption: You can redeem these points for airline tickets, hotel stays, gift vouchers, and even cashback options, depending on the reward catalog of YES Bank.
  1. Conversion: Real reward points can often be converted into air miles or other loyalty program benefits, giving you flexibility in how you use them.
  1. Welcome Benefits: Enjoy welcome rewards, often including bonus reward points when you get the card.
  1. Travel Benefits: Enjoy airport lounge access for convenient travel.
  1. Fuel Surcharge Waiver: Save on fuel with a waiver on the fuel surcharge at petrol stations in India.
  1. Expense Management: Track all business expenses with statements and spending analysis.

What are the fees for the YES Bank FIRST Business Credit Card?

Here is a simple breakup of the Credit Card fees.

Joining Fee₹999 + GST (one-time fee when you get the card).
Annual Fee₹999 = GST per year. This will be waived if you spend ₹5,00,000 or more in a year.
Add-on Card FeeNo charges for additional cards for family members.
Finance Charges3.80% per month (47% annually) on the outstanding balance if you don’t pay your bill in full.
Cash Advance Fee2.5% of the amount withdrawn or ₹500, whichever is higher.
Late Payment FeeFor Statement Balance
Less than Rs. 101 – NilRs. 101 – Rs. 500 – Rs. 150Rs. 501 – Rs. 5,000 – Rs. 500Rs. 5,001 – Rs. 20,000 – Rs. 750Rs. 20,000 & above – Rs. 1,000

What are the criteria for getting a YES Bank FIRST Credit Card?

The following are the primary requirements:

  1. To apply for the  YES Bank Business Credit Card, you must be between 18 and 70 years old. This way, applicants will either be young enough to begin building a credit history or mature enough to have an established financial background.
  1. The income requirement differs according to your employment status:
  • Self-Employed Professionals: A minimum Annual income of Rs.1.5 lakhs usually does the job.
  1. A secured income ensures regular timely payments on the credit card bill. Any amount above it ensures that it increases the approval probability.
  1. Your credit score plays a role in the selection process. It is a tendency for Yes Bank to favor borrowers with a better credit score usually above 750. A better credit score generally indicates that the person has an excellent history in managing his finances and is quite reliable as a borrower.
  1. You must be an Indian resident and have valid address proof within the country. In case you are applying from outside India, then you would not be considered eligible for this card unless you are an NRI and fall into other criteria that are required for this type of card.
  1. A salaried person must be employed with a reputed company or organization. The bank can ask you for documents like your salary slip or employment letter.
  1. A Self-employed person must have business experience in the past years, generally 2+ years. You must show the bank proof of good consistent income. This may be your income tax returns and bank statements.

What documents are required to get a YES Bank FIRST Business Credit Card?

The documents that you will have to submit to get a YES Bank FIRST Business Credit Card are as below:

Identity ProofAadhaar card, Passport, Voter ID, Driving license, PAN card
Address ProofSalary slip for the last 3 months if you are a salaried employee bank statement for the last 3 monthsITR for self-employed persons
Income ProofSalary slip for the last 3 months if you are a salaried employee bank statement for the last 3 months for self-employed persons
PhotographThe latest passport-sized photograph

Where can the YES Bank FIRST Business Credit Card be used?

Here is the list of places where you can use it:

  • With the YES Bank Credit Card, you can shop for clothing, electronics, accessories, and more at almost every retail outlet, shopping mall, and e-shopping website.
  • You can also use it on websites like Amazon, Flipkart, etc., and also make bookings on websites like MakeMyTrip, Yatra, etc.
  • You can use the card to pay for your meals in restaurants, cafes, and fast food outlets.
  • You can use it to book flight, train, or bus tickets, as well as to pay for taxi, Uber, Ola, or hotel bookings.
  • You can use your credit card to pay electricity and water bills, mobile bills, and internet services.
  • You can use your  YES Bank Credit Card to pay for expensive items such as electronics or appliances through easy monthly installments (EMIs).
  • The YES Bank Credit Card is also accepted in other countries, where you can make purchases and payments. It is also accepted wherever Visa is accepted.

What is the credit limit of the YES Bank FIRST Business Credit Card?

The credit amount you can spend is what you are provided with a YES Bank Credit Card. It is based on your income, credit score, and other financial history when you are selected for this credit card by the bank.

For instance, if you have a credit limit of ₹50,000, you can spend up to that amount only. If you want to spend more than the limit, the bank will not consider it.

The actual credit limit varies with the person. A credit limit could be ₹30,000 for someone and ₹1,00,000 for another or even more, considering his/her profile and financial background.

It’s essential to follow the expenses and not exceed the credit limit because when you pass this limit then penalties get added, and your credit score also goes down.

How do you apply for a YES Bank FIRST Business Credit Card?

Apply it through both these modes: 

Online Application Process:

  • Visit the official website of the Yes Bank, i.e. 
  • Go to ‘Cards’, followed by ‘Credit Cards’.
  • On that page, you can see numerous options for credit cards issued by Yes Bank; for instance, you can choose the  YES Bank FIRST Business Credit Card.
  • Just hover your cursor on the  YES Bank FIRST Business Credit Card, followed by selecting ‘Apply Now‘ from there.
  • You will be asked to fill out your details including your name, contact information, income details, and employment status.
  • Be accurate and updated with the information provided.
  • You are required to upload documents like your identity proof, address proof, income proof, and photograph, as per the list of documents mentioned above.
  • After filling out the details and uploading the documents, review your application to make sure everything is correct.
  • Apply online through the application form.
  • The bank will check your application after submitting it. They can ask for extra documents or information if required.
  • You will be informed about the status of your application, and if approved, your card will be delivered to you.

Offline Application Process:

  • You can walk into the nearest Yes Bank branch to apply for the  YES Bank FIRST Business Credit Card.
  • Request for the credit card application form of the  YES Bank FIRST Business Credit Card. They will provide you with the form and proceed accordingly.
  • Fill the details in the application form wherever it is required. Care should be taken that all the information about personal details, income, and jobs provided by the applicant should be correct.
  • Along with the form, furnish the relevant documents. The list of documents includes Identity proof, Address proof, Proof of income, and pas hotograph.
  • Your application will be processed, and your information will be cross-checked at the bank level.
  • In case of successful completion, the bank will sanction the credit card with a reply and forward it to the registered address.
  • You will receive the  YES Bank Business Credit Card by post at the same postal address.
  • Once you receive your card, you need to activate it by following the instructions given in the envelope, either through the Yes Bank Card website, or mobile app or by calling their customer service.
  • You must set your PIN (Personal Identification Number) for security purposes before you can start using your credit card.

Would getting a YES Bank FIRST Business Credit Card in 2025 be right?

Yes, getting a YES Bank FIRST Business Credit Card in 2025 can be a good option if you require a credit card with great offers, especially for those who shop for lifestyle products. The reward is excellent and comes with the purchase of items such as jewelry. On top of that, the bank provides discounts and easy access to the EMI facility. 

Yes Bank is also a strong bank with high customer service, so it is dependable. But don’t forget that you should make sure that you can handle your credit responsibly in terms of paying the bills and keeping your credit from exceeding its limit. Provided that you are stable in terms of income and you have good credit, it might be a very good option in 2025.

Conclusion

YES Bank FIRST Business Credit Card is fantastic for small and medium-sized merchants and entrepreneurs. In this regard, the entrepreneur not only takes control of expenses for his business efficiently but also gets the privilege of earning reward points, traveling facilities, waiving off surcharges for fuels, etc.

Also, this credit card offers security and flexible credit solutions, which help in business growth and stability. Moreover, low fees and easy eligibility criteria make it a better choice for the business community.

If you want to take your business to new heights and gain control over your expenses, then YES Bank FIRST Business Credit Card can prove to be a good tool for you.

Frequently Asked Questions (FAQ’s)

Que: Do you receive reward points from YES Bank FIRST Business Credit Card?

Ans: Yes, every spend you do using your YES Bank FIRST Business Credit Card earns reward points. You may earn more reward points for spending on travel, dining, etc.

Que: Does it have any Annual Fee?

Ans: It does, yes. The Annual Fee of the YES Bank FIRST Business Credit Card is ₹999 + GST.

Que: What is the fuel surcharge waiver on YES Bank FIRST Business Credit Card?

Ans. It waives the 1% fuel surcharge of transaction amounts of ₹400 to ₹5000 for using fuel credit transactions via the credit card.

Que: Which is the eligibility criteria for getting a YES Bank FIRST Business Credit Card?

Ans: The applicant for YES Bank FIRST Business Credit Card must be in the age group of 21-65 years must be a citizen of India and have a minimum income of ₹1 lakh.

Que: Are business credit cards beneficial?

Ans: For Business-Specific Benefits – Business Credit Cards have a different set of benefits which are similar yet different to personal Credit Cards. You get rewards when you spend money on advertising through the card, for booking flights and hotels, for shipping, and other purchases related to business.

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