Credit Card New Rules: New rules are being implemented from December 1, if you also have one then know it

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Yes Bank has made two major changes in the benefits of its credit card (Credit Card New Rules). These include changes in the rules related to reward points redemption and lounge access.

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Reward Points Redemption

Yes Bank will impose limits on the number of reward points that can be redeemed for flights and hotels from December 1, 2024. Cardholders can use their Yes Rewards points to cover up to 70 per cent of the total bill or the maximum monthly limit (whichever is lower). The monthly limits are as follows –

    • Yes Private & Private Prime Cards: 6,00,000 Points
    • Marquee Card: 3,00,000 Points
    • Reserve Card: 2,00,000 Points
    • Other Yes Bank Credit Cards: 1,00,000 Points

This limit on redemption is in addition to the existing limit that allows cardholders to use only 50% of their available points for gift vouchers and statement credits.

Lounge Access

Yes Bank is also increasing the spending limits for complimentary airport lounge access on its credit cards. This change will be effective from April 1, 2025. Cardholders will need to meet the following spending requirements in the previous quarter to avail domestic lounge access in the upcoming quarter:

    • 6 lounge visits under Yes Marquee and 3 lounge visits under Yes Reserve card will cost Rs 1 lakh.
    • Under Yes First Preferred and Yes First Business cards, you will have to spend Rs 75,000 for 2 lounge visits.
    • Yes Elite+, Select, BYOC, Wellness Plus, and Yes Prosperity Business cards – Here you will have to spend Rs 50,000 for 1 or 2 lounge visits depending on the card.
    • Spending must occur within the specified quarters. For example, December 21 – March 20 for April-June access. The number of visits remains the same, but it must meet the new spending limit.

What do these changes mean for cardholders?
With these updates, Yes Bank joins other banks such as ICICI Bank in raising requirements for lounge access. Cardholders can expect these changes to impact the way they maximize their rewards and airport lounge access.

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