[Possible New Card] Yes First Exclusive Credit card getting converted to Yes Reserv Credit Card

[dvader]

Hi Guys,

Just received this email, Well if 1 RP = INR 0.25 this is an excellent value. Since other terms and conditions remain the same regarding Fees and all (See the bottom line in SS), people who have it LTF will almost certainly keep it as LTF. 3% Reward rate for online spends, 1.5% for other,s and 0.75% for special (I think rent, insurance, and stuff); that's kinda cool !!!! Also, Purchase protection !!! is Yes Bank making enough profits already? 😅





The New Reserv Credit Card

 

[MangoRush]

Infinia with voucher redemption: 1.65% .. pick a card based on our requirement not what we want from them.. easy process.

Premium or Super premium cards are not meant to redeem vouchers or cashback, they're for flights/hotels/experiences.

Not everyone will go for flights/hotels/experiences. That's why all CCs give vouchers as option for redemptions(except Travel cards)

My point was that even after paying for the 3x and 5x, the returns are less.
Not talking about the base rewards at all.

 

[BVCBVC is verified member.]

Not everyone will go for flights/hotels/experiences. That's why all CCs give vouchers as option for redemptions(except Travel cards)

My point was that even after paying for the 3x and 5x, the returns are less.
Not talking about the base rewards at all.

3.6% for voucher redemption is actually good deal.

 

[MangoRush]

3.6% for voucher redemption is actually good deal.

yes, but MCC restrictions make it hard when we don't have the exact MCC list

 

[drsel]

@S S V @drsel

3x - Online - For Voucher Redemption(0.10 Rs/point) - What's the reward rate ?
5x - Online(Travel/Fashion) - For Voucher Redemption(0.10 Rs/point) - What's the reward rate ?

3x - Online - For Voucher Redemption(0.10 Rs/point) - What's the reward rate ?
2.40%

5x - Online(Travel/Fashion) - For Voucher Redemption(0.10 Rs/point) - What's the reward rate
3.60%

 

[helloworld]

Not everyone will go for flights/hotels/experiences. That's why all CCs give vouchers as option for redemptions(except Travel cards)

My point was that even after paying for the 3x and 5x, the returns are less.
Not talking about the base rewards at all.

IMO, one should go for this card if their redemption preference as flight/hotel (hence, pick a card based on our requirement).. once we got the card as per our requirement we purchase 3x or 5x plans to further extend those benefits (still inline with our preferred redemption).

No matter if we spend 10k or 20k on a card, if our preferred redemption not there or not good value, then that card is not for us.

So, all I'm saying if one having this card means their intended and preferred redemption must and should be flight/hotel.

If voucher requirement, then there are other cards from other banks provide similar benefits. SBI Cashback for example provides 5% on all online purchases in cashback format, and MRCC provides 7% for all purchases (based on milestone hits) in amzn voucher.

Choose a card based on best value that card provides on preferred redemption method.

 

[drsel]

View attachment 43068

Just go through the images. Got it from @cardacademy YT channel and our TF forum.

This photo is from my personal article
"Which card to use and where" on TF.
This is all my analysis and calculation

 

[BVCBVC is verified member.]

This photo is from my personal article
"Which card to use and where" on TF.
This is all my analysis and calculation

I saved this calculation and thanks for the effort.

Credits: @drsel

 

[kowsikbabu]

3x - Online - For Voucher Redemption(0.10 Rs/point) - What's the reward rate ?
2.40%

5x - Online(Travel/Fashion) - For Voucher Redemption(0.10 Rs/point) - What's the reward rate
3.60%

@drsel @S S V can you let me know if paytm wallet load with 5x subscription, gives 9% returns for flights?

 

[SSV]

@drsel @S S V can you let me know if paytm wallet load with 5x subscription, gives 9% returns for flights?

No . .most likely

 

[kowsikbabu]

No . .

How much will the rewards be? Util March 7th 2024

 

[SSV]

How much will the rewards be? Util March 7th 2024

I couldn’t not ascertain exactly how much I got it from my first statement as everything was merged.
But definitely more than select category rewards I got.
I had different spends amounting to more than 1.5L spends hence could not ascertain the exact rewards for wallet loads

 

[drsel]

@drsel @S S V can you let me know if paytm wallet load with 5x subscription, gives 9% returns for flights?

It's not recommended to load Paytm wallet or give any money to Paytm.
the company cannot accept any public funds in their wallet after 29 Feb.
Finish all the money in your Paytm wallet asap

 

[helloworld]

@drsel @S S V can you let me know if paytm wallet load with 5x subscription, gives 9% returns for flights?

wallets and rents - no reward points

 

[kowsikbabu]

wallets and rents under special category, not eligible for 5x plan.

3x plan provides 2.25% rewards if redeemed for flights.

Is the 2.25% over and above the convenience fee charged by paytm (2.35%)?

 

[helloworld]

Is the 2.25% over and above the convenience fee charged by paytm (2.35%)?

this is card benefit you're getting. whichever platform you use and if they charge anything deduct from this, rest is your reward %.

 

[Andy1]

They had a 500 amazon voucher offer on spending 1k in the first 30 days too.. for that too we would have to mail or something? also can you share that mail id for reward point clarification?

Did you get it ???

 

[pgarg24]

Did you get it ???

I dont think i did. I got the card in first week of jan.. and then i believe we were going to get this 500 voucher after 45 days so I waited before writing them an email.
But yeah didnt got anything from yes bank with respect to this.
Do you have the screenshot of that offer from the website? I forgot to take it unfortunately

 

[Adwait]

I dont think i did. I got the card in first week of jan.. and then i believe we were going to get this 500 voucher after 45 days so I waited before writing them an email.
But yeah didnt got anything from yes bank with respect to this.
Do you have the screenshot of that offer from the website? I forgot to take it unfortunately

I asked they informed it will be provided post 60 days of last day of the month of card issuance.

 

[pgarg24]

I asked they informed it will be provided post 60 days of last day of the month of card issuance.

So after march for me then, when your card was issued?

 

[Adwait]

So after march for me then, when your card was issued?

1st week of Jan. We have to wait for april