YES FinBooster: Build Credit & Rewards

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Features of YES Bank FinBooster Credit Card

Lifetime-Free Card: The YES Bank FinBooster Credit Card is completely free with no joining or annual fees, eliminating recurring costs typically associated with credit cards. This makes it an attractive option for budget-conscious individuals or those seeking cost-effective financial tools. The absence of annual fees ensures users can enjoy benefits without worrying about justifying costs through spending thresholds.
Accelerated Reward Points System: The card offers a robust reward points system with no cap on earnings. Cardholders earn 10 reward points for every ₹200 spent on online dining, 6 points per ₹200 on online grocery and apparel, and 2 points per ₹200 on other retail spends (excluding fuel). These points can be redeemed through the YES Rewardz program for vouchers, flights, hotel bookings, or merchandise. The ability to share reward points with family and friends adds flexibility.

- Fuel Surcharge Waiver: The card provides a 1% fuel surcharge waiver on transactions between ₹400 and ₹5,000 at fuel stations across India. This benefit is capped at ₹5,000 per calendar month, helping cardholders save on fuel expenses, especially for those who frequently commute or travel by car.
- Credit Fitness Reports: The card includes a lifetime-free CreditStrong subscription providing monthly credit fitness reports with a real-time dashboard to track spending and monitor credit scores. This feature is particularly beneficial for individuals looking to build or improve their credit scores.
- Insurance Coverage: The card includes an accidental death cover of ₹2.5 lakh for the primary cardholder, providing financial security in unforeseen circumstances.
- UPI Integration (RuPay Variant): The RuPay variant supports UPI transactions, making it one of the few credit cards in India with this capability. Cardholders can link the card to UPI apps for quick payments.
- Low Foreign Currency Markup: The RuPay variant offers a preferential foreign currency markup fee of 2.75%, lower than the standard 3-3.5% charged by many credit cards.
- Card Control and Security: Cardholders can block/unblock their card, set spending limits, and manage transaction preferences through the YES Bank mobile app. The card also includes Mastercard SecureCode or Verified by VISA for secure online transactions.
- Instant EMI and Quick Loan Options: The card allows conversion of large purchases into instant EMIs and offers quick loans within the credit limit with repayment terms up to 24 months.
- Add-On Cards: Cardholders can avail up to 3 add-on credit cards for family members, extending the card's benefits to loved ones.

Benefits of YES Bank FinBooster Credit Card

1. No Joining or Annual Fees:
- Lifetime-Free Card: The FinBooster Credit Card comes with no joining or annual fees, offering long-term savings for cardholders.
- No Spending Conditions: Unlike many cards, there’s no annual spending threshold required to waive fees.
- Ideal for New Users: Especially suitable for first-time credit card holders and moderate spenders looking for value without extra cost.
2. Reward Points Flexibility:
- Accelerated Rewards: Earn 10 points/₹200 on online dining, 6 points/₹200 on grocery and apparel, and 2 points/₹200 on other retail spends (excluding fuel).
- Versatile Redemption: Points can be redeemed for vouchers, flights, hotels, or merchandise on the YES Rewardz platform.
- Shareable Points: Transfer or share reward points with family and friends for collective redemption value.
- Unlimited Earnings: No cap on the reward points you can earn—ideal for high spenders.

- Fuel Savings: The 1% fuel surcharge waiver, capped at ₹250 per month, translates to significant savings for cardholders who drive frequently.
- Dining and Entertainment Discounts: Cardholders enjoy a minimum 15% discount on dining at select restaurants and a 25% discount on movie tickets via BookMyShow, capped at ₹250 monthly.
- Insurance and Security: The ₹3 lakh credit shield cover and ₹3 lakh lost card liability protection provide financial security, ensuring cardholders are safeguarded against unexpected events.
- Wellness Benefits: Complimentary annual health, eye, and dental checkups promote proactive healthcare, aligning with the card’s focus on holistic lifestyle enhancement.
- Flexible Redemption Options: The conversion rate of 10 reward points = 1 InterMile or Club Vistara Point is particularly appealing for frequent flyers.
- Cost-Effective Fee Structure: With a joining fee of ₹999 + GST and an annual fee of ₹999 + GST, the card is cost-effective for active users, ensuring premium benefits for high spenders.
- Contactless Payment Convenience: The NFC-enabled contactless payment feature simplifies transactions, ideal for quick purchases at retail outlets, cafes, and other merchants.
- Purchase Protection: The purchase protection for mobile phones safeguards high-value purchases, offering coverage against damage or theft.
- Add-On Card Benefits: Ability to issue up to 3 add-on cards extends rewards and benefits to family members, allowing them to earn points on their spending.
- YES PayNow Rewards: Earn 5X reward points on the first three transactions for the first five billers on YES PayNow, incentivizing digital bill payments for routine expenses like utilities and rent.
- Secured Card Accessibility: Option to avail the card against a ₹2 lakh fixed deposit, making it accessible to individuals who may not meet traditional income criteria.
- EMI Conversion Flexibility: Contactless loan facility allows converting purchases into EMIs with flexible tenures and competitive interest rates (12% to 15%).
- Exclusive Offers via YES Privileges: Curated deals across shopping, travel, dining, and wellness through the YES Privileges platform, providing exclusive discounts and promotions year-round.
- Priority Banking Services: Access to personalized banking services and premium financial products as part of the YES Premia Banking program.
- Low Interest Rates for Fixed Deposit Variants: Lower interest rate on revolving credit and cash advances for cards availed against fixed deposits, below the standard 3.5% per month.
- Milestone-Based Rewards: Milestone rewards like 750 reward points on each YES PayNow registration encourage engagement with YES Bank’s digital platforms.

How to Apply for YES Bank FinBooster Credit Card

Online Application Process:
- Visit the Official Platform
  Go to the official YES Bank website and locate the “Credit Cards” section, then find the FinBooster Credit Card page. Alternatively, use platforms like Card Insider for digital applications with pre-qualified offers.
- Check Pre-Qualified Offers
  Enter your mobile number to receive an OTP and verify your identity. View pre-qualified credit card offers and select the FinBooster Credit Card.
- Fill the Application Form
  Provide personal details such as full name, date of birth, address, employment, income, and PAN card number. Ensure accuracy to avoid rejection.
- Upload Documents
  Upload scanned copies or photos of required documents like Aadhaar, PAN, salary slips, or utility bills. Ensure clarity and legibility.
- Submit and Track Application
  Review and submit your application. Note the 13-digit reference number to track status online or via customer care. Processing usually takes 3–7 days.
- Card Activation
  After approval, the physical card is delivered in 7–10 days, or the RuPay virtual card within 2–5 days. Activate the card using the YES Bank app, net banking, or ATM.
Offline Application Process:
- Locate a Branch
  Find the nearest YES Bank branch on the website or app. Scheduling an appointment is recommended.
- Collect Application Form
  Request the FinBooster Credit Card application form and submit a passport-sized photo if required.
- Submit Documents
  Provide physical copies of identity, address, and income proof. Additional documents may be requested.
- Verification and Approval
  The bank verifies documents and processes the application. Approval may take 7–14 days, with updates sent by SMS/email.
- Card Delivery and Activation
  Upon approval, the card is delivered to your address. Activate using the same methods as the online process.
Tips for a Successful Application:
- Check eligibility: Age 21–60 years, monthly income ≥ ₹25,000 or annual ITR ≥ ₹7.5 lakh.
- Maintain a good credit score (750–900) to improve approval chances.
- Avoid multiple simultaneous applications to prevent credit score damage.
- Provide honest and accurate income and employment details.
- Regularly track application status and respond quickly to requests.
Common Challenges and Solutions:
- Delayed Processing: High application volume can delay approvals. Contact customer care for status.
- Low Credit Limit: New users may get modest limits; timely payments can help increase the limit.
- Document Rejections: Submit recent and matching documents. Utility bills should be less than 3 months old.
- Pre-Approved Offer Issues: Pre-qualification does not guarantee approval; ensure all eligibility criteria and documents are met.
Post-Application Steps:
- Set up YES Bank net banking to manage your card, pay bills, and track rewards.
- For RuPay virtual card holders, link the card to a UPI app and set a transaction PIN.

Eligibility Criteria for YES Bank FinBooster Credit Card

Age Requirements
- Applicants must be between 21 and 60 years old at the time of application. This age range ensures cardholders are in productive earning years.
- Young Applicants (21–30): First-time credit card users in this group may need to demonstrate stable income or employment due to limited credit history.
- Older Applicants (50–60): Should have a strong credit profile and consistent income as banks scrutinize repayment capacity closely.
Income Requirements
- Salaried Individuals: Minimum net monthly income of ₹25,000 is required.
- Self-Employed Individuals: Annual Income Tax Return (ITR) of ₹7.5 lakh or more is necessary.
- Income criteria target middle-income earners including professionals, small business owners, and freelancers with stable earnings.
Credit Score
- Good CIBIL score (ideally 750–900) significantly boosts approval chances.
- New to credit: May qualify with income and employment proof but likely with a lower credit limit initially.
- Scores below 700 may face rejection unless improved via timely repayments and lower utilization.
Employment Status
- Open to salaried and self-employed individuals.
- Salaried employees need 6–12 months continuous employment with reputable organizations; recent job changes may require verification.
- Self-employed must provide proof of stable business (GST registration, ITR filings) for 1–2 years.
Residential Status
- Applicants must be Indian citizens with valid address proof matching current or permanent address.
- Non-residents or foreign nationals are not eligible.
Exclusion for Existing YES Bank Cardholders
- Existing YES Bank credit card holders are not eligible for FinBooster, targeting new-to-bank customers.
Additional Considerations
- Credit Utilization: High utilization (>30%) on existing cards/loans may reduce approval chances.
- Debt-to-Income Ratio: Banks assess monthly debt obligations versus disposable income for repayments.
- Application History: Multiple recent credit or loan applications lead to hard inquiries, lowering approval odds.
How to Strengthen Your Eligibility
- Improve Credit Score: Pay EMIs and bills on time, keep utilization below 30%, avoid multiple new credit applications.
- Increase Income Documentation: Provide salary slips, bank statements (salaried) or consistent ITRs (self-employed).
- Reduce Debt: Pay off high-interest loans or reduce credit card balances to improve debt-to-income ratio.
- Verify Documents: Ensure all identity and address proofs are current and consistent.
Special Notes for First-Time Applicants
- May face stricter scrutiny due to no credit history.
- Provide proof of stable income such as salary slips or ITR.
- Consider starting with a secured credit card (e.g., YES Prosperity Rewards Plus Card) to build credit before applying.
- Applying via pre-qualified offers can improve chances, based on financial details.

Documents Required for YES Bank FinBooster Credit Card

Identity Proof:
- Aadhaar Card: Must be valid and details must match your application form.
- PAN Card: Mandatory for linking to your income tax records.
- Passport: Valid for at least 6 months from the application date.
- Voter ID Card: Current card issued by the Election Commission.
- Driving License: Valid license with photograph and signature.
Address Proof:
- Aadhaar Card: If used for identity proof, a separate address proof document is required.
- Passport: Must reflect your current residential address.
- Ration Card: Should include your name and address.
- Utility Bills: Recent (within last 3 months) electricity, water, or gas bills in your name.
- Rental Agreement: Registered agreement including your name and address, preferably accompanied by a utility bill.
Income Proof:
Income proof documents differ based on employment status:
- Salaried Individuals:
  - Latest 3 months’ salary slips showing employer details and monthly income.
  - Bank statements for last 3-6 months reflecting salary credits.
  - Form 16 or Income Tax Returns for previous year (optional but recommended for higher credit limits).
- Self-Employed Individuals:
  - Latest audited Income Tax Returns for last 2 years, showing minimum ₹7.5 lakh annual income.
  - Bank statements for last 6 months showing business transactions.
  - Business registration documents such as GST certificate or partnership deed, if applicable.
Photograph:
- Two recent passport-size photographs: Color, plain background, clear face view.
Additional Documents for Specific Cases:
- For Metal Card Applicants:
  - Bank statements for last 12 months showing consistent high balances.
  - Income Tax Returns reflecting annual income of ₹10 lakh or more.
  - Proof of investments such as fixed deposit receipts or mutual fund statements.
- Self-Employed Professionals:
  - Professional qualification certificates (e.g., medical council, bar council).
  - Proof of practice such as clinic/office lease agreements.
  - Client invoices or payment receipts supporting income.
- Applicants with Existing Credit Cards:
  - Latest credit card statement showing credit limit and payment history.
  - No-dues certificate (optional) confirming no outstanding balances.
Document Submission Guidelines:
- Digital Submission (Online Application):
  - Formats: PDF, JPEG, or PNG; each file under 2 MB.
  - Clarity: Ensure documents are clear and legible.
  - Self-Attestation: Digitally sign or mark “Self-Attested” before uploading.
  - Upload Portal: Use YES Bank’s secure application portal.
- Physical Submission (Offline Application):
  - Submit self-attested photocopies with originals for verification.
  - Arrange documents in the order specified in the application form.
  - Obtain receipt or acknowledgment from branch staff.
Tips for Document Preparation:
- Check validity of all documents (e.g., passports, utility bills).
- Ensure consistency in name, address across all documents.
- Keep digital and physical backups of submitted documents.
- Use secure platforms for uploading sensitive information.
- Organize documents to match application form order.
Common Document-Related Issues:
- Expired documents must be replaced before submission.
- Correct mismatched information before applying.

Factors Affecting YES Bank FinBooster Credit Card Approval

Reward Points Effectiveness:
The card offers rewards such as 10 points/₹200 on online dining, 6 points/₹200 on online grocery and apparel, and 2 points/₹200 on other retail spends. The effective reward yield is modest:
- Online dining: 1.25% (assuming 1 point = ₹0.25).
- Grocery/apparel: 0.75%.
- Other spends: 0.25%.
Suitable if your spending aligns with these categories, but less competitive compared to premium cards.
Cost Structure:
The card is lifetime free with no joining or annual fees, but other charges apply:
- Cash Advance Fee: 2.5% (minimum ₹500) for cash withdrawals, limited to 30% of credit limit.
- Foreign Currency Markup: 2.75% (RuPay variant).
- Rent/Wallet Transactions: 1% of transaction value (min ₹1), capped at three transactions per 30 days.
- Minimum Amount Due: Includes GST and 5% of total amount due (min ₹200).
Credit Limit:
Limits typically range from ₹50,000 to ₹5 lakh based on income and credit history. Modest limits for new users, with possibilities of increase after 6–12 months of timely payments.
Credit Score Impact:
The card includes CreditStrong subscription for monitoring scores, but score improvement depends on responsible usage: on-time payments, low utilization, and fewer inquiries.
UPI Integration and Digital Usability:
RuPay variant offers UPI payments, though rewards on UPI spends are limited. Good for users valuing UPI convenience but compare with other cards if you seek higher UPI rewards.
Approval and Processing Time:
Processing can be slow (up to a month). Applying directly through YES Bank's website or branch can speed up approval. Pre-approved offers may not always be reliable.
Lack of Premium Benefits:
No airport lounge access, travel insurance, or high cashback like premium cards. Best suited for cost-conscious or first-time users.
Customer Support and Experience:
Mixed user feedback on customer service. Ensure you track your application and contact support (8885545255s) if needed.
Comparison with Alternatives:
Competitors like SBI SimplyCLICK and HDFC MoneyBack offer higher rewards on online spends. Choose based on your spending patterns and desired benefits.
Long-Term Value:
Ideal for credit building and moderate spenders focused on online dining and grocery. For high spenders, premium cards offer better returns.
Income Eligibility Criteria:
Applicants must meet minimum income requirements to qualify. Salaried individuals usually need a monthly income of ₹25,000 or more, while self-employed applicants should demonstrate stable business income.
Employment Stability:
YES Bank assesses job stability, including duration at current employment or business, to minimize default risk. Frequent job changes or recent employment may delay approval.
Existing Debt Obligations:
Higher existing loans or credit card debts may reduce approval chances or lower the credit limit due to higher risk exposure.
Application Accuracy:
Incomplete or inaccurate information in the application form, especially regarding income and address, can lead to rejection or delayed processing.
Document Verification:
Timely and clear submission of required documents, such as identity proof, income proof, and address proof, is critical. Any discrepancies or delays in document verification can impact approval speed.

Frequently Asked Questions (FAQs) - Yes Bank Finbooster Credit Card

1. What is the Yes Bank Finbooster Credit Card?

The Yes Bank Finbooster Credit Card is a unique co-branded credit card offered by YES BANK in partnership with BankBazaar. It’s designed to help users improve their credit score while enjoying regular card benefits like cashback, rewards, and discounts.

2. How does the Finbooster Credit Card help improve my credit score?

The card is integrated with a CreditStrong feature powered by BankBazaar, which tracks your credit score (based on Experian) monthly and offers tools to help you improve it. Timely payments and responsible usage will positively affect your credit health.

3. What is the eligibility criteria for applying?

To apply for the Yes Bank Finbooster Credit Card, you typically need to:

Be between 21 to 60 years of age
Have a stable source of income (salaried or self-employed)
Maintain a good credit history
Meet Yes Bank’s internal credit policy

4. Is the Yes Bank Finbooster a secured or unsecured credit card?

This is an unsecured credit card, meaning it does not require a fixed deposit or any collateral for approval. However, credit approval is based on the applicant's creditworthiness.

5. What is the annual fee for this card?

The Yes Bank Finbooster Credit Card typically comes with a joining/annual fee of ₹1,000 + GST. However, offers and fee waivers may be applicable based on your profile or promotional campaigns.

6. Is there a way to get the annual fee waived?

Yes, the annual fee may be waived if you spend a certain threshold amount within the first year. Check with YES BANK for the most current fee waiver criteria.

7. What is the interest rate on this credit card?

The annual percentage rate (APR) or interest rate can range from 20% to 42% per annum, depending on the customer’s credit profile. It's recommended to always pay your dues in full to avoid interest charges.

8. What rewards and benefits does the Finbooster Credit Card offer?

Some key benefits include:

Complimentary credit score tracking
Monthly credit advisory reports
Cashback and reward points on select transactions
Fuel surcharge waiver
Exclusive lifestyle and travel offers

9. Is there any welcome benefit or joining gift?

Yes, the card typically offers a welcome benefit such as free access to the CreditStrong program or cashback on initial purchases. These offers may vary over time.

10. How can I track my credit score using this card?

Once you activate the card, you will get complimentary access to the CreditStrong portal by BankBazaar, where you can view and monitor your monthly credit score reports and get tips to improve it.

11. Can I use this credit card internationally?

Yes, the Yes Bank Finbooster Credit Card is globally accepted at any merchant that supports Visa or MasterCard, depending on the variant. Currency conversion charges will apply for foreign transactions.

12. What documents are required to apply?

Generally, the following documents are required:

PAN card
Aadhaar card or other ID proof
Address proof
Income proof (latest salary slips or ITR)

Additional documentation may be requested based on your profile.

13. Is there a fuel surcharge waiver?

Yes, a 1% fuel surcharge waiver is available at fuel stations across India on transactions ranging between ₹400 and ₹5,000. The maximum waiver per statement cycle may apply.

14. How do I make payments for my credit card bill?

You can pay your credit card bill through:

Yes Bank mobile app or internet banking
NEFT/IMPS from other bank accounts
Auto-debit instructions
BillDesk and third-party platforms

15. How can I contact YES BANK customer care for card support?

You can reach YES BANK credit card customer care by calling their toll-free number. Alternatively, you can write to them via email or use the YES BANK mobile banking app for quick support.

List of Yes Bank Finbooster Credit Card Branches in Telangana

Hyderabad - Abids
Hyderabad - Ameerpet
Hyderabad - Banjara Hills
Hyderabad - Chanda Nagar
Hyderabad - Dilsukhnagar

Hyderabad - Gachibowli
Hyderabad - Himayat Nagar
Hyderabad - Jubilee Hills
Hyderabad - Kothapet
Hyderabad - Kukatpally

Hyderabad - LB Nagar
Hyderabad - Madhapur
Hyderabad - Malakpet
Hyderabad - Marredpally, Secunderabad
Hyderabad - Nallakunta

Hyderabad - Punjagutta
Hyderabad - Ramanthapur
Hyderabad - Secunderabad
Hyderabad - Shamshabad
Hyderabad - Somajiguda
Hyderabad - SR Nagar

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