YES Bank RewardZ Redemption Options - for MARQUEE Credit Card

[SSV]

YES Bank CC RewardZ Redemption

(Note: YES CC RewardZ Redemption is different to SB Bank Account RewardZ)​

Disclaimers:
1) As I am fairly new to YES Bank, (one statement old) , please bear with me, I will update and fine tune this post as and when required...
2) I am not sure, if the redemption for Marquee is different to other card varaints.. other card variants' veterans can provide their input ...

Other useful links:
Link for MARQUEE CC review:

Thread 'Yes Bank MARQUEE Credit Card launched - Features & Benefits | Full Details'
https://www.technofino.in/community...aunched-features-benefits-full-details.22261/


Begin:

Login to the CC YES rewardz portal
via link : https://credit.yesrewardz.com/
by using your RMN & OTP and CC Number..

Home Screen



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EDIT:
Latest updated information as on 24/09/2024 as per @djrocky ..





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Options available for Redemption:

1) E-Gift Vouchers
@ 0.15 = AGV, FK, Myntra,
@ 0.25 = Swiggy, Zomato,Amazon Prime, Croma, Dominos, , MMt - Hotel , Yatra
2) Share Reward Points( to other YES CC customer)
3) Credit Card Bill Payment(i.e. Statement Credit @0.15)
4) Flight ( @0.25)
5) Hotel (@0.25)
6) Air Miles
InterMiles and Club Vistara
(@ 4 Reward points = 1 AirMile)
7) Catalogue
8) Golf
9) Charity..
10) Bill Pay ( @0.10 )
11) Movies ( ... coming soon)

Reward Redemption Matrix




Joining / Renewal Fee Recovery Matrix

​

Flight Booking Comparison Example:

HYD to MAA on 31/01/2024 for one adult:

1) RewardZ = 3,477 - Refundable
2) Amazon = 3,386 - No cancellation
3) MMT = 3,686. - No cancellation

So, it’s kind of comparable with about 5% variation.

YES Rewardz:

View attachment 40757





Amazon Flights:


MMT





Total Available Voucher Options: 59







A few Screenshots for redemptions:

​

 

[SSV]

After escalating to the highest levels, I have received 2 addon Marquee cards.

If anyone desires to apply for addon cards -

1. Apply via branch as they have to physically verify signatures and attest the kyc documents 🤦

2. If branch is unhelpful, then fill in the form, get it attested via branch and then courier to their Yes Bank head office.

3. Keep on escalating till the branch relents and gets it done.

It has emerged through many back and forth communication that they do not have an online method yet.

Excellent.. thanks for the update. .
If you don't mind, please post this info on the main review thread as well.
Thanks

 

[SSV]

So, in reality, I can never redeem the full points at any given time ?
If I redeem my half points(10k out of 20k), will I be able to redeem the next 50%( 5k out of 10k) the same day ?
Will both transactions be charged ?

For Marquee there are no redemption charges AFAIK

 

[plastikman]

So, in reality, I can never redeem the full points at any given time ?
If I redeem my half points(10k out of 20k), will I be able to redeem the next 50%( 5k out of 10k) the same day ?
Will both transactions be charged ?

This limitation is for payment by points only afaik.

In case of redeeming for e vouchers, all points should be redeemable.

Also, there are no redemption charges for Marquee

 

[Zacobite]

Excellent.. thanks for the update. .
If you don't mind, please post this info on the main review thread as well.
Thanks

lol.. yes bank surprise.. most of us are new to yes so we will learn a lot about it

 

[helloworld]

Any E Gift Voucher

can you share full screenshot, if possible (for any egift voucher).

 

[MangoRush]

 

[plastikman]

View attachment 49920

Yes, it appears to be for points + pay but if you redeem a voucher using points only then it'll be possible to redeem for 100% rps.

 

[helloworld]

View attachment 49920

Thanks. Now, thats a limitation, seriously they keep changing things month after month.

btw, all good with Reserv..

Yes, it appears to be for points + pay but if you redeem a voucher using points only then it'll be possible to redeem for 100% rps.

there is points+pay option? I never know that.. could you share its location?

 

[plastikman]

Thanks. Now, thats a limitation, seriously they keep changing things month after month.

btw, all good with Reserv..
View attachment 49921



there is points+pay option? I never know that.. could you share its location?

If you have less than required points to make a purchase, it shows option to make remaining payment using any Yes Bank card.

 

[helloworld]

If you have less than required points to make a purchase, it shows option to make remaining payment using any Yes Bank card.

but OP has points (5615) and spending only (3334). I think they kept some limits, could you check once if you have marquee card.

 

[plastikman]

but OP has points (5615) and spending only (3334). I think they kept some limits, could you check once if you have marquee card.

As far as I could see, OP has to pay Rs78 along with his rps for the redemption order.

PS: I see, OP has requisite points but able to redeem 50% only leading to points + pay situation.

 

[SSV]

but OP has points (5615) and spending only (3334). I think they kept some limits, could you check once if you have marquee card.

It seems they have revamped the Redemption site..
Quite a few changes are there...

Yes , for staemtn credit / other CC payment, they introduced 50% of available points are eligible now... @.15 per RP, which didn't change..

 

[plastikman]

It seems they have revamped the Redemption site..
Quite a few changes are there...

Yes , for staemtn credit / other CC payment, they introduced 50% of available points only are eligible now... @.15 per RP, which didn't change..

View attachment 49926

I just saw that @MangoRush is trying to redeem Amazon gift vouchers @15p/rp but still able to use 50% points only 😬

 

[SSV]

but OP has points (5615) and spending only (3334). I think they kept some limits, could you check once if you have marquee card.

I just saw that @MangoRush is trying to redeem Amazon gift vouchers @15p/rp but still able to use 50% points only 😬

However, for my international flight.. 100% points are available for redemption...
BTW, it is a very cheap airfare...

 

[plastikman]

However, for my international flight.. 100% points are available for redemption...
BTW, it is a very cheap airfare...

View attachment 49929

View attachment 49930

Recently for BOM to LHR, I found Yatra to be 10% cheaper 🙂

 

[SSV]

I just saw that @MangoRush is trying to redeem Amazon gift vouchers @15p/rp but still able to use 50% points only 😬

Yes.. Probably they must have introduced these for GVs as well.
Unfortunately I cant test it because I got way more points..

However, this should be okay as there wont be any redemption charges..

 

[SSV]

Recently for BOM to LHR, I found Yatra to be 10% cheaper 🙂

may be it depends on route and time as well.. this is very unpredictable I suppose..

 

[MangoRush]

My issue is that they have not announced this change or did we miss it entirely ? 🤢
I did two redemptions, hope no charges are posted.

 

[MangoRush]

Same restrictions on Reserv. Just checked.

 

[drsel]

I was thinking of closing my Yes First Business card, waiting for 3 to 4 months and then applying for Marquee .
So I could redeem 60000 points for 15000 Swiggy.

I would not use the points for flights because anyway I get 24% return on booking flights using Magnus Burgundy on Traveledge.

but limit of 50% points is a big put off.
Can we do daily redemptions of 50% points?

Day 1
28000/60000 points for 7 vouchers of 1000 swiggy

Day 2
16000/32000 points for 4 vouchers of 1000 swiggy

Day 3
8000/16000 points for 2 vouchers of 1000 swiggy

Day 4
4000/8000 points for 1 voucher of 1000 swiggy

Then I will be stuck with the last 4000 points, because I don't think there is any voucher for 2000 points (50% of 4000).
So I will have to redeem the balance 4000 points for 600 statement credit @15p