Most YES Bank credit cards [/blog/yes-bank-credit-cards/] earn reward points under the YES Rewardz programme. But earning points is only half the equation; the real question is what those points are worth and how efficiently you can redeem them.
This guide covers the earning rate for every major YES Bank card, the actual monetary value of reward points across different redemption options, how to redeem through the YES Rewardz portal, and a comparison of the reward-point model versus the direct cashback approach used by cards like the Klick card via Kiwi.
How YES Bank Reward Points Are Earned
YES Bank credit cards earn reward points per ₹200 spent. The number of points you earn depends on your card variant and the spending category.
Earning Rates by Card
| Card | Online Shopping | Offline Shopping | Select Categories* | UPI (RuPay companion) |
| MARQUÉE | 36 RP / ₹200 | 18 RP / ₹200 | 6 RP / ₹200 | 4 RP / ₹200 (above ₹2,000) |
| RESERV | 24 RP / ₹200 | 12 RP / ₹200 | 6 RP / ₹200 | 4 RP / ₹200 (above ₹2,000) |
| ELITE+ | 12 RP / ₹200 | 6 RP / ₹200 | 4 RP / ₹200 | 4 RP / ₹200 (above ₹2,000) |
| SELECT | 8 RP / ₹200 | 4 RP / ₹200 | 2 RP / ₹200 | 4 RP / ₹200 (above ₹2,000) |
| ACE | 8 RP / ₹200 | 4 RP / ₹200 | 2 RP / ₹200 | 4 RP / ₹200 (above ₹2,000) |
| Prosperity Rewards Plus | 4 RP / ₹200 | 4 RP / ₹200 | 2 RP / ₹200 | 4 RP / ₹200 (above ₹2,000) |
*Select categories include insurance, education, utilities, telecom, and rental payments. These typically earn the lowest rate.
Categories Excluded from Reward Points
Certain transaction types earn zero reward points across all YES Bank credit cards. These exclusions are important because they affect your effective earning rate.
Excluded categories include government and marketing/advertising payments, rental payments, cash withdrawals, wallet loading transactions, fuel transactions (on some cards), Post Purchase EMI and Instant EMI transactions, and transactions at specific merchant category codes.
Before calculating your expected rewards, estimate what percentage of your spending falls into excluded categories. For users who pay significant rent, insurance, or utility bills via credit card, the exclusion list can meaningfully reduce actual rewards earned.
How Much Are YES Bank Reward Points Worth?
The value of YES Bank reward points varies significantly depending on how you redeem them.
Redemption Value by Channel
| Redemption Option | Value per Reward Point | Notes |
| Product catalogue (YES Rewardz) | ~₹0.25 to ₹1.00 | Varies by product – electronics and vouchers tend to offer better value |
| E-vouchers (Amazon, Croma, Cleartrip, etc.) | ~₹0.25 | Standard conversion for most voucher options |
| Statement credit/cashback | ~₹0.25 | Lower value than product redemption |
| Air miles – Club Vistara | 4 RP = 1 CV Point | Useful for domestic flight redemptions |
| Air miles – InterMiles | 4 RP = 1 InterMile | Useful for international travel redemptions |
| Flight and hotel bookings (via portal) | Varies | Can offer better value on premium bookings |
| Mobile / DTH recharge | ~₹0.25 | Convenient but low value |
The headline number that YES Bank uses is “1 reward point = ₹1.” This is accurate when redeeming against certain high-value catalogue products. However, for most everyday redemptions (vouchers, statement credit, recharges), the effective value is closer to ₹0.25 per point.
What This Means in Practice
If you hold the SELECT card and spend ₹10,000 online in a month, you earn 400 reward points (8 RP per ₹200 × 50). At the best redemption value (₹1 per point for select catalogue products), those points are worth ₹400 – a 4% return on online spending.
At the more common voucher value (₹0.25 per point), those same 400 points are worth ₹100, a 1% return.
This range is why understanding the redemption side matters as much as the earning side. The same card can feel like a 4% rewards card or a 1% rewards card, depending on how you redeem.
How to Redeem YES Bank Reward Points
Online – Via YES Rewardz Portal
Step 1: Visit the YES Rewardz portal (creditrewardz.yes.bank.in) or access it through the YES Bank website.
Step 2: Log in using your registered mobile number and verify with OTP.
Step 3: Select your credit card variant from the options shown.
Step 4: Browse the catalogue. Products are organised by category: electronics, accessories, home appliances, vouchers, travel, mobile recharge, and more.
Step 5: Add your chosen product or voucher to the cart. The system will show how many reward points are required.
Step 6: Confirm the redemption by entering your card details. You will receive a confirmation SMS and email.
Step 7: For physical products, delivery takes 7 to 21 working days. Vouchers and recharges are typically processed within 24 to 48 hours.
A redemption fee of ₹100 per request applies to most YES Bank credit cards. Factor this into your calculation; if you are redeeming a small number of points, the fee reduces your net value.
Online – Convert to Air Miles
Step 1: Log in to the YES Rewardz portal.
Step 2: Navigate to the Air Miles section.
Step 3: Enter your Club Vistara or InterMiles membership ID.
Step 4: Specify the number of reward points you want to convert. The conversion rate is 4 reward points = 1 air mile.
Step 5: Submit the transfer request. Processing may take a few working days.
This option is most valuable if you are already collecting air miles and close to a redemption threshold. Converting a small number of points to air miles is generally not efficient.
Offline – Via Customer Care
You can also call the YES Bank credit card customer care number at 1800-103-1212 and request reward point redemption over the phone. The agent will guide you through available options and process the request. Confirmation is sent via SMS.
Reward Subscription Plans – Are They Worth It?
YES Bank offers paid reward subscription plans that allow cardholders to earn 3x or 5x reward points on the same spending. The subscription fees vary by card variant and plan level.
For example, the RESERV card with a 5x subscription plan can deliver up to 120 reward points per ₹200 on online spending. At ₹0.25 per point, this translates to roughly 15% value-back on online shopping – an extremely high rate.
However, the subscription plan costs ₹3,500 per year on top of the card’s ₹2,499 annual fee. The combined annual cost of ₹5,999 means you need to earn back at least ₹6,000 in reward value to break even. For heavy online spenders (₹10,000+ per month on e-commerce), the plan can be profitable. For moderate spenders, the subscription fee may exceed the additional rewards earned.
Calculate your expected return before committing to a subscription plan. Multiply your typical monthly online spending by the accelerated reward rate, then subtract the subscription and annual fee costs.
Reward Points vs Direct Cashback – Which Is Better?
Not all YES Bank cards use the reward point system. The Klick card (via Kiwi) and PaisaSave operate on a direct cashback model, where earnings are credited to your bank account or applied as statement credit, no portal, no redemption, no point expiry.
| Feature | Reward Points (YES Rewardz) | Direct Cashback (Klick via Kiwi) |
| Earning | Points per ₹200 spent | Percentage of transaction amount |
| Value | ₹0.25 to ₹1.00 per point (variable) | Fixed percentage (1.5% UPI, 0.5% online) |
| Redemption | Manual via portal or phone | Automatic to the bank account |
| Expiry | Points expire (typically 3 years) | No expiry, credited after each transaction |
| Redemption fee | ₹100 per request (most cards) | None |
| Effort | Requires browsing the catalogue, choosing options | Zero effort – cashback appears in the account |
For users who prefer predictability and simplicity, direct cashback eliminates the uncertainty of reward point valuation. You know exactly what you earn on every transaction, and the money is usable immediately.
For users who enjoy maximising value through strategic redemption, choosing high-value catalogue products, and converting to air miles at the right time, the reward point system can deliver higher absolute returns, especially on premium cards with accelerated earning rates.
The right choice depends on your personality as much as your spending pattern. If you have ever let reward points expire or forgotten to redeem them, a cashback card will likely serve you better. If you actively manage your points and redeem strategically, the reward system has a higher ceiling value.
For a comparison of the best YES Bank cards for UPI cashback specifically, see our best YES Bank credit card for UPI guide [/blog/best-yes-bank-credit-card/].
Frequently Asked Questions
The value ranges from ₹0.25 to ₹1.00 depending on the redemption option. Catalogue products can offer up to ₹1 per point, while vouchers, recharges, and statement credits typically value points at ₹0.25 each.
Yes. Reward points can be carried forward for up to 3 years from the date of earning. After this period, unredeemed points expire. Check your credit card statement for the expiry timeline specific to your card.
You can check your balance through YES Bank net banking (Credit Card → Reward Points section), through the iris mobile app, on your monthly credit card statement, or by logging into the YES Rewardz portal.
You cannot convert reward points directly to cash. The closest option is redeeming against a statement credit, which reduces your outstanding balance. Some e-voucher redemptions (Amazon, for example) are effectively equivalent to cash for online purchases.
Reward points must be actively redeemed through a portal or phone call, have variable value depending on the redemption option, and can expire. Cashback is automatically credited to your bank account at a fixed percentage, requires no action, and does not expire.
The MARQUÉE earns the highest rate at 36 reward points per ₹200 on online shopping. The RESERV follows with 24 RP per ₹200 online. With a 5x subscription plan, these rates can be further accelerated.
Prefer cashback over points? The Kiwi YES Bank Klick card gives 1.5% direct cashback on UPI – no points, no portal, no expiry. Check your eligibility -> Yes Bank Credit Card
