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Yes Bank RuPay Credit Card Review

Rewards card

The Yes Bank RuPay is lifetime free (no joining or annual fee). It earns 0.25% back on regular spends and up to 0.5% on upi. Best for: free upi-on-credit for beginners — our verdict: consider.

Vyaya Team · Aug 2026
5 min read
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Value Score
8.0 / 10
Annual Fee
₹0
Best For
UPI-First Beginner, Low-Forex Backup
Network
RuPay
Expert Verdict

The Yes Bank RuPay is a lifetime-free, UPI-linked entry card with modest 2x UPI earning on merchant spends above INR 2,000 and a preferential 2.75% forex markup. At 0.25 INR per point and with no lounge access, it works best as a free UPI-on-credit starter card.

YES BANKRuPay
Yes Bank RuPay
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REWARD SUMMARY
0.25% Base Rewards
Rewards card
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The Bottom Line

The Yes Bank RuPay is built for upi-first beginner and low-forex backup. With no annual fee, it offers 0.5% rewards on upi (other) and fuel surcharge waiver. It makes the most sense if your spending matches upi-first beginner and low-forex backup.

It earns a base reward rate of 0.25% and stacks best when your spending lines up with UPI-First Beginner, Low-Forex Backup.

What we like
+Lifetime free RuPay card that links to UPI apps (Google Pay, PhonePe, Paytm) for credit-on-UPI payments.
+Accelerated 4 points per INR 200 (2x base) on UPI merchant transactions above INR 2,000.
+Preferential 2.75% forex markup, lower than the standard 3.5%.
+Instant EMI on spends as low as INR 1,500, plus zero fraud liability on the virtual card.
+Accessible at a minimum income of INR 3 lakh.
What we don't
–Reward points are worth only 0.25 INR, so the UPI 2x rate is ~0.5% and base ~0.25%.
–No airport lounge access (0 domestic, 0 international).
–Fuel, rent, wallet loads, cash and EMI conversions earn no points, and P2P UPI transfers are excluded.
–Accelerated UPI earning only triggers on merchant transactions above INR 2,000.

Who Should Get This Card

Use this as a quick filter before comparing rewards or fees in detail.

Best fit for

Ideal
+
UPI-First Beginner

First-time cardholders (INR 3 lakh minimum income) who pay via UPI and want a lifetime-free card with credit-on-UPI and accelerated merchant earning.

+
Low-Forex Backup

Those wanting a free card with a 2.75% forex markup, below the usual 3.5%.

Probably not for

Skip
–
Rewards Maximiser

The 0.25 INR point value keeps even UPI earning around ~0.5%.

–
Traveller

No lounge access at all makes it weak for frequent flyers.

Is It Worth It For You?

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Calculate Your Value

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Dining
0₹5,000Max ₹50k
Est. Returns
Travel
0₹10,000Max ₹1L
Est. Returns
Online & Shopping
0₹8,000Max ₹80k
Est. Returns
Groceries
0₹6,000Max ₹40k
Est. Returns
Annual rewards₹0
Annual feeFREE
Net Value (Year 1)+₹0
Net Value (Year 2+)+₹0

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Reward Rates

Yes Bank RuPay offers 0.25% basic reward rate.

Quick Calculator

Estimate earnings for a specific purchase

₹
UPI (Other)
0.5%

Welcome Offer

Welcome Benefit

Fees & Charges

Joining fee₹0
Annual fee₹0
Fee waiverN/A

Eligibility

  • Min Income: ₹3 Lakhs
  • Min Credit Score: 700
  • Lifetime free virtual RuPay card; available to existing YES Bank Visa/Mastercard CC holders (not NRI, corporate, or co-branded cards).

Exclusions & Terms

Forex markup

  • Foreign currency markup

Peer-to-peer (P2P) UPI transactions

  • P2P UPI transfers do not earn reward points; only UPI merchant transactions are eligible.

EMI Transactions

  • EMI conversions do not earn reward points.

Cash Advances

  • Cash withdrawals do not earn reward points.

Frequently Asked Questions

6 data-backed answers from our card database

What is the annual fee of the Yes Bank RuPay credit card?+

None — the Yes Bank RuPay is lifetime free (no joining or annual fee).

What rewards does the Yes Bank RuPay credit card give?+

It earns 2 Reward Points per ₹200 spent (about 0.25% back), and up to 0.5% on upi.

Does the Yes Bank RuPay credit card offer airport lounge access?+

No, the Yes Bank RuPay does not include complimentary airport lounge access.

What is the eligibility for the Yes Bank RuPay credit card?+

Minimum annual income of about ₹3 lakh and a credit score of 700+. Lifetime free virtual RuPay card; available to existing YES Bank Visa/Mastercard CC holders (not NRI, corporate, or co-branded cards).

What is the forex markup on the Yes Bank RuPay?+

3.5% + GST on international transactions.

Is the Yes Bank RuPay credit card worth it?+

The Yes Bank RuPay is lifetime free (no joining or annual fee). It earns 0.25% back on regular spends and up to 0.5% on upi. Best for: free upi-on-credit for beginners — our verdict: consider.

Ready to apply?

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