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.

 

[helloworld]

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.

no, such way for accor.. and in YES no transfer partners, so ignore for this bank. AXIS has high transfer partners even compared to HDFC. Moreover, other than these two banks, none of the Indian banks support transfer parner except itc/vistara.