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

133°
Deal Subedar
191
1094
17

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...

6 Comments  |  
4 Dimers
  • Sort By
72
496
14

Wait 6months
If bank still viable then, you can take account

191
1094
17
kirandr221996 wrote:

Wait 6months
If bank still viable then, you can take account

Why bro, why not now ? I will withdraw the money immediately after depositing.. anything wrong ??

113
859
8

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

50
544
5

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 )

113
859
8
Sudarshan61 wrote:

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 )

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.

50
544
5
Expand
chai_lover wrote:

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.

Dont know…I never asked..
My Initial account was 10K AMB..latter when more accounts+Balance was added they converted to Premia family
Cross check schedule of charge for both…they do have certain relationship value as program eligibility…and they may withdraw the benefit..

Missing