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Need advice : YES Bank Premia Savings programme : YES Premia World Debit card

777°
Deal Subedar
A.M.A.Z.O

Hi Dimers,

Need advice with chosing a savings account from YES bank.

Account name : YES Premia Savings programme
Debit card : YES Premia World Debit card
Use case : Paying CC bills through CRED.

Benefits of card:

Value Chart for your YES PREMIA World Debit Card*

  1. Product features and Benefits Value (in INR)
  2. Welcome On-board offers 14,000
  3. Once per quarter complimentary Lounge Access at Domestic Airports 8,400
  4. GREEN FEE waiver for accessing select Premium Golf Courses in India 16,000
  5. Discount of INR 200 on Movie Tickets booked through BookMyShow 2,400
  6. YES Rewards Points on Domestic Retail Spends (INR 30,000 per month) 450
  7. Special Benefits on Fine Dining 9,000
  8. Free Domestic & International ATM transactions 400.
  9. Total Value Proposition on YES PREMIA World Debit Card 50,650

*Terms & Condition Apply

 1 Reward Points = INR 0.25

The branch guys told me I can go for this card by opening the account with 2lakhs seeding money and then once account opened I can withdraw the entire amount. I am more interested in the points 5&6. Especially 6. Assuming it is per month 450rs /m with 30,000 spend it is coming upto 1.5% Cashback. Is this card worth it ? Any hidden clauses that I am not seeing ?

Moreover this card comes with the same benefits as my salary account debit card. Unlimited withdrawal from any ATM, free phone , net banking. alert subscription, cheque  , DD facility etc.

This account doesn’t need AMB or AQB. I can also open family accounts Zero balance. Plus the card will come for free which is about 1250 according to yes bank website.

Is this comparable to the DCB card ? Please help me.

https://www.yesbank.in/personal-banking/yes-ind...

21 Comments  |  
15 Dimers
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Deal Cadet Deal Cadet
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Wait 6months If bank still viable then, you can take account
Deal Subedar Deal Subedar
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Why bro, why not now ? I will withdraw the money immediately after depositing.. anything wrong ??

Deal Lieutenant Deal Lieutenant
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@A.M.A.Z.O did you eventually take this account? How did it go?

Benevolent Benevolent
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I have this account…
Existing account was converted into premia family relationship…they provided some preferred credit card as well (no documents). Not using either the debit card or credit…
And they do have AMB required (internally). If balance is not maintained above certain threshold then they deserve to downgrade post communication (if that happens debit card becomes chargeable ..like 1K or so every year )

Deal Lieutenant Deal Lieutenant
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Thanks for sharing. Was it initially offered to you as zero balance account? They are offering me zero balance account based on Yes first exclusive credit card. I'm confused between premia and yes first.
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Deal Newbie Deal Newbie
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@admin

Deal Newbie Deal Newbie
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This is a great platform and trustworthy

Deal Newbie Deal Newbie
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Kyash.no

Deal Newbie Deal Newbie
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100kyash kam

Deal Newbie Deal Newbie
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Cod

Deal Newbie Deal Newbie
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Nice

Deal Newbie Deal Newbie
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Www.google.com

Helpful Helpful
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@Sudarshan61
Today when i visited the branch they offered me this account but no1 was aware what are the onboarding benefits worth 14k which was mentioned in the leaflet and the description above.
Did u get any welcome benefits worth that amount?

Benevolent Benevolent
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No vouchers as such…this are discounts
Details are here : https://www.yesbank.in/pdf/mastercard_welcome_a...
Not sure if all this offers are renewed or not

Savings Mentor Savings Mentor
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I opened this account and it is true. It's a 0 balance account once opened with 2 lakh initial deposit. You get Visa Infinite debit card (or RuPay Platinum if you request/complain to the CEO/MD). smile However be careful about DC if not maintaining balance as Sudarshan61 said. There are no MAB non-maintenance charges but debit card is not free if not maintaining MAB. And the Yes Premia DC is quite expensive ₹1000 or so + GST so you will be charged that amount. You can change to a different debit card though e.g. a much cheaper one, then you will be charged only for that.

Deal Newbie Deal Newbie
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are you still on this program or have you been downgraded? if on same program have you maintained the stipulated 2L balance or was there any fluctuations in your balance(asking as I have a business and sometimes my balance drops) I currently have pioneer account with IndusInd bank and haven't maintained 10L balance after COVID and my account is still in the same program.

Savings Mentor Savings Mentor
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I am maintaining >1L balance, not 2L in hope of getting LTF Yes Bank credit card. Haven't been downgraded but even if they do, only the debit card which is RuPay Platinum in my case will become chargeable. No MAB non-maintenance charges.

Benevolent Benevolent
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Finally iska kya result aaya tha bhai ? 
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Deal Lieutenant Deal Lieutenant
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How to check whether Yes bank credit card is LTF or not? Whom to mail?

replyuser
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