Received the YesBank Marquee and need advise on whether to activate it

[zbeproud]

Hey fellow TF Members!,
I had applied for the YesBank Marquee a week before the devaluation and received the card today.

I don't think I will hit the 1L spends per quarter - at max will reach 70-75k per quarter. Does this card have any other redeeming qualities? It carries a hefty joining and annual fees and couldn't find any reason to keep it (other than lounge which is now gone).

Note - already asked on Reddit but didn't receive much help.

 

[RAMESH BABU N]

If you had applied it before it was devalued n you got it now with no appeal to you now, it's better to dump it. Do not activate it.

 

[ManojGowda]

Hey fellow TF Members!,
I had applied for the YesBank Marquee a week before the devaluation and received the card today.

I don't think I will hit the 1L spends per quarter - at max will reach 70-75k per quarter. Does this card have any other redeeming qualities? It carries a hefty joining and annual fees and couldn't find any reason to keep it (other than lounge which is now gone).

Note - already asked on Reddit but didn't receive much help.

If lounge was your major reason for getting this card and not the reward multipliers (subscription based)

then don't bother activating the card.
Keep the card as a souvenir

 

[Nishan11]

It's better to avoid yes bank cards as their credit card team are bunch of jokers.

I will close my marquee next year before renewal.

 

[Hell_Kitty]

Don’t activate. Not worth paying 11798.82₹

 

[_ayush]

If lounge was your major reason for getting this card and not the reward multipliers (subscription based)

then don't bother activating the card.
Keep the card as a souvenir

Is subscription based reward multiplier also available on marquee?

 

[vine]

Already devalued. Don't activate it.

 

[anujdit]

4.5% rewards for online and international lounge (including guests/kids entry) are the main features.
In addition, fee is only GST part, rest is given as rewards points.

Why not to keep this card for 1800/- joining fee and 900/- renewal? I am keeping this card for international lounge for my kids and in future upgrade to YES private card.

 

[kesarkarshri]

With welcome benefits reduced from 60k to 40k points, I guess joining fee is no longer only GST part and now comes to more than that for the new joiners.

 

[zbeproud]

Is subscription based reward multiplier also available on marquee?

Even I didn’t see this while applying - wasn’t this just available for Reserve cards?

 

[zbeproud]

With welcome benefits reduced from 60k to 40k points, I guess joining fee is no longer only GST part and now comes to more than that for the new joiners.

Absolutely - for HDFC cards you might not get reward points for annual fees but with other benefits it more than pays itself off. Whereas this card now no longer has such features.

Thanks for commenting!

 

[zbeproud]

If you had applied it before it was devalued n you got it now with no appeal to you now, it's better to dump it. Do not activate it.

Agreed - thank you!

 

[zbeproud]

Thank you everyone for the replies - got to see different perspectives! Much appreciated 🙌