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:

​

 

[helloworld]

There is First Private afaik...

Private cards are always exclusive to the bank, whether it's IDFC, YES, ICICI, AXIS, or others. These cards aren't meant for the general public; they’re reserved for clients who bring substantial business, often with investments or deposits in the crores range. They’re not considered the bank's MVP card, IMO. These cards I belive generally issued to limited people and doesn't effect bank much.

Below the private cards is typically each bank’s top-tier public card, which customers can aspire to with some effort or adjustments. These high-end cards are major revenue drivers, designed to be flexible to meet both customer demands and the bank’s financial goals. Given this, I assume that Marquee card is currently their key revenue card, aimed at attracting a broad user base. It’s a card they need to keep appealing to avoid backlash by satisfying their users.

 

[Indrajeet100]

this is for YES Marquee or Reserv?

Marquee it allows only 50% of points to be redeemed for gift vouchers or account credit in one transaction.

 

[djrocky]

Yes all vouchers. At .15 rate I can simply credit to account. Yes it allows maximum 50% at a time.

Is it?
All reliance vouchers, lifestyle, kalyan had 0.25 value on wednesday for Marquee card.

 

[Indrajeet100]

Is it?
All reliance vouchers, lifestyle, kalyan had 0.25 value on wednesday for Marquee card.

Yes all are showing 0.15 value today

 

[PavanPavan is verified member.]

When yes first credit card was launched people were saying it's better HNI card 🙁
Now marquee is also becoming waste 🙁

Not sure what is yes bank plan

 

[Indrajeet100]

Yes Bank Marquee is now as good as dead.

 

[djrocky]

Yes Bank Marquee is now as good as dead.

It seems there is a demand and supply game so value keeps on changing and with 'Yes' anything can happen. Suggest to wait till you get better value for your points or redeem now

 

[sidp]

Yes all are showing 0.15 value today

@SSV @helloworld @theflash
So finally all gvs are at 15p/rp including kalyan /reliance jewels etc? I have applied recently. If that's the case , I won't activate the cc.

BM was asking me to take private instead. But I am not interested in paying such high fees in such a moody bank. Does yes gives at discounted rate like indusind?

@TechnoFino @simal
Is reward redemption catalogue of yes private same as marquee? The pdf sent by cc pm says 25p/rp.
TIA

 

[helloworld]

@SSV @helloworld @theflash
So finally all gvs are at 15p/rp including kalyan /reliance jewels etc? I have applied recently. If that's the case , I won't activate the cc.

BM was asking me to take private instead. But I am not interested in paying such high fees in such a moody bank. Does yes gives at discounted rate like indusind?

@TechnoFino @simal
Is reward redemption catalogue of yes private same as marquee? The pdf sent by cc pm says 25p/rp.
TIA

Mostly and keep the card only, "If you're ok to redeem points at 0.25p with some limit on redemption for flights/hotels revenue booking". Otherwise, you'll be at disappointment with current changes. Applicable for Reserv / Marquee / Private.

0.25p for flight/hotel will be there all the time, no issues with that.

 

[SSV]

@SSV @helloworld @theflash
So finally all gvs are at 15p/rp including kalyan /reliance jewels etc? I have applied recently. If that's the case , I won't activate the cc.

BM was asking me to take private instead. But I am not interested in paying such high fees in such a moody bank. Does yes gives at discounted rate like indusind?

@TechnoFino @simal
Is reward redemption catalogue of yes private same as marquee? The pdf sent by cc pm says 25p/rp.
TIA

Simple, if you are finding it difficult to justify in holding Marquee then I think you don't need to consider thinking about Private.
I believe in general. for Private the limits are bit bigger than Marquee..that's it. Predominantly reward rates are.similar between these two.( not a private holder, for actuals need to confirm with a private holder) ..
How I see Marquee now:
Redeem only for flights.
I will hold it as long as
1)flights reward rate is same ie @0.25
2) lounge access available for add-ons and free guest access available
3) generous BMS offer available..

 

[TechnoFinoTechnoFino is verified member.]

My god.... it's brutal.... My Yes Private 🥹🥹
For Kalyan/Flipkart and few other GVs, it's 1 RP = Rs. 0.67
Gv redemption value 1 RP = Rs. 0.15

detail post: https://www.technofino.in/community...card-reward-points-now-worth-one-third.34325/

 

[sidp]

My god.... it's brutal.... My Yes Private 🥹🥹
For Kalyan/Flipkart and few other GVs, it's 1 RP = Rs. 0.67

Dada when did you check it last?
Is it still 0.67 for kalyan? Today Cc PM said 25p/rp . He was sure about flight but didn't confirm which all gv give 0.25.
He said 2L rp & 9k Oberoi gv against jf. If 0.67rs for kalyan then it would be great deal. 🤣😅

 

[TechnoFinoTechnoFino is verified member.]

Dada when did you check it last?
Is it still 0.67 for kalyan? Today Cc PM said 25p/rp . He was sure about flight but didn't confirm which all gv give 0.25.
He said 2L rp & 9k Oberoi gv against jf. If 0.67rs for kalyan then it would be great deal. 🤣😅

all gvs are available at 1 rp = Rs. 0.15

 

[sidp]

all gvs are available at 1 rp = Rs. 0.15

Yeah just saw your new thread. 😔

 

[Void]

Has the flight redemption also changed to 0.15?

 

[helloworld]

Has the flight redemption also changed to 0.15?

that will be 0.25 forever, it will never change. At max they can kept 50% redemption points but they can't reduce.

 

[Random_CC]

Hi Guys , anyone figured out any way to transfer Yes reward points to Accor points ?

 

[helloworld]

Hi Guys , anyone figured out any way to transfer Yes reward points to Accor points ?

there is nothing to figure, except vistara (now gone) and intermiles, no other option.

if needed book accor hotel at 0.25p.

 

[Random_CC]

intermiles is also not there , by figuring out I meant way to transfer Yes rewards to Accor points like we transfer axis points to itc and then to marriott as there is no direct conversion.