Ticket size 1Cr and iam not a private banking client yet. For that one needs to have a 3Cr NRV
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Revaluation Yes Private Credit Card Going To Be More Lucrative From 24th December 2023
- Thread starter TechnoFino
- Start date
if they consider liability products as nrv i would cnsider transferring my home loan and education loan for this cc
RishiKiDev
TF Legend
As per my knowledge they don't consider loans for NRV.
This is my honest advice to everyone who are up for investing a high NRV with Yes Bank :-
Yes Bank is still not in good terms even with management of SBI running the show, fundamentals of the bank are not right. It's a bank which just came out of ventilator support so tread cautiously with your money. Better be safe than sorry.
It depends on how you invest. If you are directly investing with the FDs then what you said makes sense. But when you put in MFs or AIFs for that matter, bank is acting only as distributor. So i believe your money is safe in the hands of the respective fund management houses.
You can try , but as per me the card is not worth transferring any new asset or liability to Yes bank.
The overall customer service and tech is pathetic at Yes Bank.
If you are an old customer try negotiating with them on basis of current relation.
The forex return of this card is 4.4% against vistara and other product catalogue
It's 2.41% against statement credit.
the only relation i have with yes bank is a ltf yes first exclsuive and a loan on cc at a very cheap rate
i would never invest in asset products with any bank as all they would care would be for their commission
when i am the one taking the risk it makes sense that i take the onus on me to invest accordingly
Yeah
Try to upgrade your YFE to YP.
Also as per me Yes bank is unstable , they have been changing their lounge access features almost every month for YFE ( From unlimited to No lounge benefit for addon )
This new features of YP are also very short lived.
went through their website for the criteria and no asset product is considered by the bank for nrv
even if demat is considered that is at 25% and for that transfer wont be possible redeming and reinvesting would be required.
makes no sense to take on tax burden for the sake of a card
lol just now i saw that the lounge access has been discontinued for add on cards
will just keep the add on cards active for instant discount no use of it
joinning fee waiver, is this on their website somewher? Can you share the link
Yes it is there in their web site
Thanks. I was thingking its fee reversal for Yes First Private Card.
Sorry to disappoint you !! 😉
😀 not much dissapointment
drsel
TF Prestige
Conversion to Amazon pay clearly shows the point value to be only 10 paisa
It's about 16P
