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



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:

​

 

[plastikman]

I didn’t understand it ..
Explain it step by step in how you are getting 25% discount

Probably he's referring to joining benefit

 

[ME_55]

I didn’t understand it ..
Explain it step by step in how you are getting 25% discount

paid 12k fee and got 60k points na.
If we redeem for zomato/ swiggy egv getting 15k...
That's why i said

 

[SSV]

paid 12k fee and got 60k points na.
If we redeem for zomato/ swiggy egv getting 15k...
That's why i said

Yes.. that is correct ..this is only for joining benefit.. not a regular offer

 

[ME_55]

Yes.. that is correct ..this is only for joining benefit.. not a regular offer

Hmm...
Prastuthaniki 15k undi kada...adhi ayipoyaka vadukundam meeru chepinna trick.
leda ee lopu inkemanna manchi offers 15% kanna ekkuva vasthe vadukovachhu kada...

 

[SSV]

Hmm...
Prastuthaniki 15k undi kada...adhi ayipoyaka vadukundam meeru chepinna trick.
leda ee lopu inkemanna manchi offers 15% kanna ekkuva vasthe vadukovachhu kada...

Yes, understood..
You can use the same points for flight booking in the next 3 years and meanwhile you can use 15% GV.

It's all about how you want to maximise your returns.
All the best

 

[drsel]

Hmm...
Prastuthaniki 15k undi kada...adhi ayipoyaka vadukundam meeru chepinna trick.
leda ee lopu inkemanna manchi offers 15% kanna ekkuva vasthe vadukovachhu kada...

I have 15k right now...when it's over, let's use the trick you did.
Or if you get any other good offer more than 15% before this, you can use it

 

[SSV]

I have 15k right now...when it's over, let's use the trick you did.
Or if you get any other good offer more than 15% before this, you can use it

So google Matha helped you!!

 

[helloworld]

paid 12k fee and got 60k points na.
If we redeem for zomato/ swiggy egv getting 15k...
That's why i said

when you applied this card, you might have some plan like where to use this card and which is the suitable voucher for redemption to you etc. stick to it, you don't need to redeem if you don't need right now.

Any travel plans nearby?

 

[ME_55]

when you applied this card, you might have some plan like where to use this card and which is the suitable voucher for redemption to you etc. stick to it, you don't need to redeem if you don't need right now.

Any travel plans nearby?

ok thank you
No

 

[helloworld]

ok thank you
No

btw, reward points have 3 years validity and as a caution redemption options may change during this time, so take it as you see fit.

 

[drsel]

btw, reward points have 3 years validity and as a caution redemption options may change during this time, so take it as you see fit.

Yes I expect that in the near future the point value will reduce from 25 paisa to maybe 20 paisa, if redeemed for Swiggy, Zomato, Amazon Prime, Croma, Dominos, MMT - Hotels, Yatra.

Yes Bank may not even given notice for this point devaluation, so it's better to convert points to Swiggy or Zomato as soon as possible.
Don't keep points idle waiting for devaluation.

However the point value of 25 Paisa should remain if redeemed for air tickets, because the commission earned by Yes Bank on international tickets can go up to 17% of the base fare.

The point value is currently 15 paisa for Amazon, Flipkart and statement credit.
In the near future this may get reduced to 10 paisa just like Yes Reserv 3x, 5x

 

[ME_55]

is kalyan jewelers has good designs jewelry?
How much they are taking for making charges?

 

[drsel]

is kalyan jewelers has good designs jewelry?
How much they are taking for making charges?

Depending on how elaborate and intricate the designs are, the making charges can go upto 25%, either directly or hidden.
No way that the return on any credit card can even come close

 

[ME_55]

Depending on how elaborate and intricate the designs are, the making charges can go upto 25%, either directly or hidden.
No way that the return on any credit card can even come close

kalyan jewelers egv option is also there na in yes portal
So if making charges are less than 25% then good deal i guess
Paying only for gold 15k
How to know the egv validity?

 

[drsel]

kalyan jewelers egv option is also there na in yes portal
So if making charges are less than 25% then good deal i guess
Paying only for gold 15k
How to know the egv validity?

Try to buy only gold coins to avoid making charges.

However gold prices are at an all time high right now due to the Iran Israel conflict.
in case there is de-escalation then the prices may slide a bit

 

[ME_55]

Try to buy only gold coins to avoid any making charges.

Only jewelry egv is available
So i guess they don't allow to buy gold coin with that voucher

 

[drsel]

Only jewelry egv is available
So i guess they don't allow to buy gold coin with that voucher

Yes because Yes bank will not get the vouchers at a huge discount to face value if these vouchers were valid for buying gold coins.

the discount on the vouchers given by Kalyan jewellers to Yes Bank comes from the making charges charged to the customer

 

[ME_55]

How to know the validity of gold egv ?

 

[drsel]

I suggest you don't try to earn points by spending on Yes Marquee.
Just keep it for non spend benefits, not for earning points.

Try to get higher than 10% return from the other cards in my thread
Cards giving 10% or more returns

 

[ME_55]

I suggest you don't try to earn points by spending on Yes Marquee.
Just keep it for non spend benefits, not for earning points.

Try to get higher than 10% return from the other cards in my thread
Cards which give 10% or more returns

Can you pls share the link of your thread ?