Devaluation Yes Bank Lounge Access Spend Hike

[ranjitrophy]

Yes Bank has hiked the quarterly spend target for lounge access on YES Reserv from 10k to 35k. Received email today.
Changes effective July 1, 2024.

 

[abhiver]

HDFC was the first one to come up with ridiculous spend criteria for lounge access (1L on Millennia), ICICI bank followed suit with 35k as well

Now every bank thinks that it's such a great idea ,Axis took it a bit too far with putying it on Magnus as well

I reckon we'll see others such as IDFC ,Scapia etc to increase their spend criteria as well ,not that i want it

Also as far as Yes is concerned, did not expect this on Marquee ,for a card with 10k joining and 5k annual ,it's a expected to give out lounge access wothout conditions attached

HDFC and Axis move is logical considering there market share is good, even for ICICI and SbI card....but these Chindi Chor banks (Yes Bank, Indusind, Kotak), enka combined market share Axis ke barabar hoga 🤣🤣 fir bhi itne nakhre

 

[callsignmaverick]

HDFC was the first one to come up with ridiculous spend criteria for lounge access (1L on Millennia), ICICI bank followed suit with 35k as well

Now every bank thinks that it's such a great idea ,Axis took it a bit too far with putying it on Magnus as well

I reckon we'll see others such as IDFC ,Scapia etc to increase their spend criteria as well ,not that i want it

Also as far as Yes is concerned, did not expect this on Marquee ,for a card with 10k joining and 5k annual ,it's a expected to give out lounge access wothout conditions attached

I think SC Ultimate had it long before anyone else. If I remember correctly, the criteria was 1 free lounge visit/month on priority pass provided you had spent 20k in the previous month. Was applicable for both main and add on card.

 

[Zacobite]

I think SC Ultimate had it long before anyone else. If I remember correctly, the criteria was 1 free lounge visit/month on priority pass provided you had spent 20k in the previous month. Was applicable for both main and add on card.

yes for international lounges.. domestic doesn't have any spend criteria

 

[drsel]

Yes cards (except Marquee) have a 35000 spend requirement for domestic lounge axis.
But is there any spend requirement for 6 free International lounge access for Yes First Business card?

 

[diptarkaroy]

HDFC was the first one to come up with ridiculous spend criteria for lounge access (1L on Millennia), ICICI bank followed suit with 35k as well

Now every bank thinks that it's such a great idea ,Axis took it a bit too far with putying it on Magnus as well

I reckon we'll see others such as IDFC ,Scapia etc to increase their spend criteria as well ,not that i want it

Also as far as Yes is concerned, did not expect this on Marquee ,for a card with 10k joining and 5k annual ,it's a expected to give out lounge access wothout conditions attached

I confirmed the same from their customer care… this minimum spend criteria is not applicable for yes marquee

I’m trying to get this written over email.

And this 35k condition is nowhere written on their marquee card product page or usage guidelines document

 

[diptarkaroy]

Yes cards (except Marquee) have a 35000 spend requirement for domestic lounge axis.
But is there any spend requirement for 6 free International lounge access for Yes First Business card?

There is a huge confusion whether marquee is excluded from this criteria or not. Did you manage to get this information in writing over email from them?

I haven’t seen anywhere mentioning marquee is excluded from this. Also they haven’t mentioned this criteria in marquee product page.

 

[drsel]

There is a huge confusion whether marquee is excluded from this criteria or not. Did you manage to get this information in writing over email from them?

I haven’t seen anywhere mentioning marquee is excluded from this. Also they haven’t mentioned this criteria in marquee product page.

In the notice regarding the 35000 spend criteria for domestic Lounge access, other Yes Bank cards including Reserv are mentioned, but Marquee is not mentioned.

 

[diptarkaroy]

In the notice regarding the 35000 spend criteria for domestic Lounge access, other Yes Bank cards including Reserv are mentioned, but Marquee is not mentioned.

Could you please share any screenshot or link of that notice?

At least I want to keep some documents handy if they deny something.
In the meantime, I’m also trying to get this in writing from them. But they are super lazy!!!!

 

[fenys]

Hi.. Planning to apply for this card.. But I have been intimated that Lien will be required with FD of INR 10 lacs.. I am currently NRI & working outside India.. Hence no salary account linked.. Can someone please confirm if you are aware that this much FD is required against Yes Reserv Card ? (PS I am Yes First NRI Client)

 

[am11]

As per latest mail from Yes Bank

"This Spends threshold for complimentary Lounge Access is not applicable to YES Private and YES BANK MARQUEE Credit Cards."

So confirmed no spend criteria for Marquee