Yes Bank Elite Plus Credit Card Vs Yes First Preferred Credit Card
Last Updated : March 28, 2025, 12:42 p.m.
The Yes First Preferred Credit Card and Elite Plus emerge as top premium credit card options in 2025. These cards attract frequent travelers with their comprehensive benefits, including yes bank lounge access and priority pass memberships. Choosing between these two cards can be challenging for travelers who want the best travel perks and lifestyle benefits. A head-to-head comparison of these cards will help you understand which option better matches your spending habits and priorities. Let's take a closer look at both cards to help you make an informed decision. Once you make a decision and before you apply for a credit card, ensure to check your credit score. This is an important eligibility criteria which will influence your credit card application approval. You can do a free CIBIL score check on Wishfin and also see your detailed CIBIL report.
Yes Bank Elite Plus vs First Preferred: Core Features Comparison
The Yes Bank Elite Plus and Yes First Preferred Credit Cards have some key differences that make each unique. These premium cards target different customer segments with their own special benefits.
Annual Fee Structure and Joining Charges
Yes Bank Elite Plus has a first-year fee of Rs. 999 plus taxes. The bank waives this fee when you spend Rs. 20,000 on retail purchases within 30 days of getting your card. The yearly renewal fee of Rs. 999 gets waived with retail spending of Rs. 2,00,000 or more in the previous year.
Yes First Preferred Credit Card also costs Rs. 999 as a joining fee. The bank waives this fee when you spend Rs. 50,000 on retail purchases within 90 days of getting your card. The yearly renewal fee of Rs. 999 gets waived with retail spending of Rs. INR 2,50,000 or more in the previous year.
Credit Limit and Eligibility Requirements
The Elite Plus Card needs you to be between 21-60 years old with a monthly income of Rs. 1 lakh or yearly tax returns of INR 9 lakhs and above.
Yes First Preferred Card has stricter income rules. Salaried people should have a minimum net salary of Rs. 2 lakhs per month or an income tax return of Rs. 24 lakhs or more.
Card Design and Physical Attributes
Yes First Preferred Card comes in what many call "one of the best packings" among credit cards. The card's name and number embossing looks more durable than regular cards. Some users mention getting lower starting limits compared to other premium cards . Both cards look premium, with Elite Plus showing a simpler design while First Preferred goes for a more striking look.
Rewards Program and Point System Analysis
These two cards have unique reward systems that work well for different spending styles. Let's get into how their programs compare.
Point Earning Rates on Different Spending Categories
The Elite Plus card rewards online shoppers with a lot of points - 12 reward points for every Rs.200 spent online and 6 reward points for the same amount spent offline. Cardholders earn 4 reward points per Rs.200 in other selected categories. The Yes First Preferred card takes a different approach with steady earning rates in spending categories of all types. The card offers 4 reward points per Rs. 200 spent on select categories and 8 reward points per Rs. 200 spent on travel and dining (Capped up to Rs. 3,000 per statement cycle).
Elite Plus cardholders can earn up to 12,000 reward points in each statement cycle. Both cards skip point awards for cash withdrawals, fuel transactions, and EMI purchases.
Redemption Options and Value per Point
You can redeem points through multiple channels:
- Flight and hotel bookings
- Statement credit
- Gift vouchers
- Product catalog items
The Elite Plus card charges a Rs.100 processing fee for each redemption. Monthly redemptions are now limited to 70% of invoice value or between 1-3 lakh points, based on your card tier. For the YES FIRST Preferred Credit Card, 1 YES Rewardz point is worth Rs. 0.25, and you can redeem a minimum of 250 Rewardz points for every redemption.
Domestic Airport Lounge Access Comparison
The Yes First Preferred Credit Card offers 2 complimentary domestic lounge visits per quarter in India and 4 complimentary international airport lounge visits per calendar year. The Elite
Plus Credit Card offers 2 complimentary domestic airport lounge visits in India per calendar quarter for primary cardmembers and 3 complimentary international (Outside India) airport lounge visits per year for the primary cardholder. Post completion of the free lounge access quota, applicable charges + taxes will have to be paid on lounge access at Airport for cardmember(s) and for each guest visit.
International Lounge Benefits with Yes Bank Priority Pass
Visa and Mastercard users can access international airport lounges with both cards. Cardholders can visit lounges at major international airports like Singapore Changi, London Heathrow, Dubai International, and Paris Charles de Gaulle.
Cardholders can access these lounges by:
- Present their card for swiping at the lounge entrance
- Generate a QR code online through the DreamFolks portal
The card will be charged a non-refundable authorization fee of Rs. 2 for validation.
Complimentary Travel Insurance Coverage
Elite Plus card offers credit shield cover up to 3 lakhs in case of a tragic event such as the death of the cardholder. The First Preferred credit card offers a cover of up to 8 lakhs in case of the same. The Elite plus credit card also gives an insurance cover of up to INR 50,000 against accidental damage for 6 months for mobile & electronic purchases online
Concierge Services
The Yes First Preferred Credit Card gives you 24/7 concierge services. You can get help with travel bookings and event planning anytime you need it. The dedicated concierge also helps with roadside assistance, which gives you peace of mind during travel emergencies. Golf lovers get some amazing perks with the Yes First Preferred card. These include one free golf lesson each month at select Indian courses and four free rounds of green fees every calendar year. The Elite Plus card positions itself as a lifestyle card that promises to "raise your lifestyle, enjoy unmatched rewards, and make every moment memorable"
Lifestyle Privileges and Shopping Benefits
Both credit cards stand out with their exclusive lifestyle perks that make daily spending more rewarding. Let's get into how the Yes First Preferred Credit Card and Elite Plus stack up in terms of everyday benefits.
Dining and Entertainment Offers
The Yes First Preferred Credit Card gives you great dining perks with big discounts at many restaurants. Card users can save 15% (up to Rs.100) on their Swiggy Instamart purchases with their Yes Bank credit card. Movie buffs will love what both cards bring to the table. The Yes First Preferred Credit Card saves you 25% on movie tickets (up to Rs.250 per month) on BookMyShow. The card also gives you special dining privileges at select places, making it perfect for food lovers who eat out often. The Elite Plus credit card also gives these dining and movie benefits.
Here is a comparison table showing some of the primary benefits of both the cards side by side.
| Feature | Yes Bank Elite Plus | Yes First Preferred |
|---|---|---|
| Annual Fee | Rs. 999 | Rs. 999 |
First Year Fee Waiver | Spend Rs. 20,000 in first 30 days | Spend Rs. 50,000 in the first 90 days. |
Renewal Fee Waiver | Spend Rs. 2,00,000 or more in preceding year | Spend Rs. 2,50,000 or more in the previous year. |
Minimum Income Requirement | Rs. 1 lakhs monthly or an annual ITR of Rs. 9 lakhs or above | Rs. 2 lakhs monthly or an annual ITR of Rs. 24 lakhs or above |
Reward Points | Online: 12 points per Rs. 200 (Excluding select categories) Offline: 6 points per Rs. 200 (Excluding select categories) 4 reward points per INR 200 spent across select categories Note: Refer the official websites of the cards to know about the select categories. | 4 reward points per INR 200 spent on select categories. 8 reward points per INR 200 spent on travel and dining expenses (Capped at Rs. 3000 per statement cycle and on every INR 200 spent on all categories) Note: Refer the official websites of the cards to know about the select categories. |
Monthly Reward Points Cap | 12,000 points per statement cycle | Contact the bank |
Domestic Lounge Access | 2 visits per quarter | 2 visits per quarter |
International lounge access | 3 visits per calendar year | 4 visits per calendar year |
Device Protection Insurance | Up to Rs. 50,000 | Contact the bank |
Movie Benefits | Avail 25% discount on movie tickets booked on BookMyShow | 25% off on BookMyShow (up to Rs. 250/month) |
Golf Benefits | Get 4 green fee waivers at select golf courses in India Enjoy one complimentary golf lesson every calendar month at select golf courses in India | Get 1 golf lesson every calendar month and 4 additional sessions with green fee waiver at select golf courses in India |
Concierge | Not mentioned | 24/7 assistance available |
Food Delivery Benefits | Enjoy 3 reward points per Rs. 200 spent on select categories, including food delivery | 15% off on Swiggy Instamart (up to Rs. 100) |
Foreign currency markup | 2.75% only | 1.75% only |
Yes Bank Elite Plus Credit Card Vs Yes First Preferred Credit Card - Which Card to Choose?
Yes Bank's credit cards come with compelling benefits that cater to different customer needs. Both cards have a decent annual fee of Rs. 999. The Elite Plus credit card rewards online shopping generously while the First Preferred card delivers premium lifestyle perks and extensive golf benefits. The First Preferred card stands out with its complete concierge services and entertainment benefits, especially when you have BookMyShow's attractive discounts. A close look at both cards reveals that the Elite Plus card works best for customers who focus on digital purchases. The First Preferred card attracts users who value premium experiences and those passionate about golf and travel. Your spending patterns and priorities should guide your choice between these cards. The Elite Plus delivers better value for moderate spenders, while the First Preferred card rewards users who want premium services and experiences.
Note: Yes Bank is no longer issuing the Yes First Preferred Credit Card for new customers. However, for existing cardholders, the card will be issued on expiry.
Frequently Asked Questions (FAQs)
