YES Bank anQ Pi
KeepThe companion card to a card YES no longer sells.
a year at ₹40,000 a month, after the fee
Skip the arithmetic — the board, ranked → · nothing to sign up for
What it's worth to you, after the fee
Priced on the everyday mix — 30% groceries · 10% utilities · 20% travel · 6% fuel · 34% everything else — with this card's published category rules applied. Plus milestones, minus the fee. No accelerator credit — the ranking model on /compare adds ~20% of spend at the card's best accelerator, so its ₹ for this card reads higher.
How these numbers are computed — and why the rankings show a bigger one →
Spend tiers, milestones and fee waivers included, at our house ₹/point. Portal and category multipliers can push higher — run your exact number →
Pays from the first rupee
At ₹1,000 a month — ₹12,000 a year — on the everyday mix this card returns ₹0 gross (earn ₹0) against its ₹0 fee = ₹0 net — at or above ₹0 from the first rung we price. The ladder runs in ₹1,000 steps to ₹1,00,000 a month and ₹10,000 steps to ₹5,00,000; figures are rounded to the hundred, and the accelerator is never credited.
2 notes on the card itself: how it is issued · the network variants
Best real exit: Air India Maharaja Points at ₹0.05/pt (15:1 transfer).
The take
anQ Pi is the lower of anQ's two YES-issued tiers and the RuPay one: free forever per the bank's own fee panel, 4 YES Rewardz per ₹200 on UPI transactions above ₹2,000 and 2 per ₹200 on all online spend. At the ₹0.25 a point YES Rewardz fetch inside the bank's flight-and-hotel portal, that is 0.5% and 0.25%, with a hard ceiling of 5,000 points a month. Two things are worth knowing before you chase it. The ₹2,000 floor on the UPI rung is per transaction, so the payments a UPI card actually makes — groceries, autos, the chemist — mostly fall below it. And the published eligibility line names "All YES BANK Anq Phi Credit Card holders", which is to say the companion to a card the bank has stopped issuing; the same block then says anyone already holding a YES credit card is ineligible, which cannot both be true. The card itself is real, free and unremarkable — a quarter of a percent with a good day at half.
Your renewal — keep, downgrade or cancel
This card is lifetime free. There is no fee due, no renewal to weigh, and nothing to cancel to save.
Keep, downgrade or cancel
nothing due at the anniversary · 5 spend bands
The charge ₹0 — lifetime free
At your spend
₹800 a year at ₹3,00,000 of annual spend
₹1,500 a year at ₹6,00,000 of annual spend
₹3,000 a year at ₹12,00,000 of annual spend
₹9,000 a year at ₹36,00,000 of annual spend
₹15,000 a year at ₹60,00,000 of annual spend
Everyday earn plus milestones, with no fee to subtract — the same model as the value panel above, so the two cannot disagree. run your exact spend →
The downgrade
YES Bank publishes no document naming a card you can step down to, so we name none — an invented product change is a phone call you would waste. That leaves keep or cancel, and the numbers above are the whole of it.
What has changed under this card
- 23 Sep 2026 Axis EDGE brings Accor back, drops ITC, and adds Cathay, Miles & More and Hilton a program these points reach
- 25 Aug 2026 Vietnam Airlines Lotusmiles opens a broad SkyTeam status match — up to Elite Plus a program these points reach
- 20 Aug 2026 IHG Hotels & Resorts becomes a Maharaja Club earning and conversion partner a program these points reach
We price what is in force today — a change that has not happened yet is not in these numbers. the full archive for this card →
If you call to cancel
What the bank offers to keep you is the one fact this desk cannot compute. We are collecting those reports — dated, and only in aggregate — before publishing any: an offer one reader was made is not one you are owed. Called about this card? Tell us what they offered →
The desk publishes subscribable .ics feeds for the dates it knows — offer deadlines, devaluations, expiry audits. Your renewal date is not one of them: only your statement knows it.
What's good
- Zero first-year and zero renewal membership fee per YES's own fee panel
- 4 YES Rewardz per ₹200 on UPI transactions above ₹2,000 — 0.5% at the portal rate
- 2 per ₹200 on all online spend
Watch out
- anQ Pi is absent from the MITC's membership-fee grid — the zero fee rests on the product page alone
- The UPI rung applies only above ₹2,000 a transaction
- A hard ceiling of 5,000 reward points a month, which is ₹1,250 at the portal rate
- YES Rewardz pay ₹0.25 only on portal flights and hotels; statement credit and vouchers pay ₹0.10
- ₹100 + GST per redemption request, plus ₹99 + GST per flight booked with points
- Rent, wallet, fuel, cash withdrawals and EMI conversions earn nothing; utility points cap at 150 a statement cycle
- 1% fees stack on the zero earn: rent above ₹1,000 (max 3 in 30 days), wallet loads, utilities over ₹15,000 a month, fuel over ₹10,000 and tolls over ₹10,000
- The published eligibility block names anQ Phi holders and, one line later, disqualifies anyone already holding a YES credit card — the two cannot both hold
- No lounge access of any kind
What these points actually fly
YES Rewardz (YES CC Rewardz) move to Air India Maharaja Points — and that programme prices every award dynamically. There is no published chart to quote, so we quote nothing: an estimate is not a seat.
what the cards that DO reach a chart can fly — 2,196 corridors priced →
Where the miles go
1 program
Ratios read card points : partner miles — 2:1 means 2 points become 1 mile. Never the other way round.
every YES Bank route, side by side → · the YES Rewardz (YES CC Rewardz) hub →
Lounge access
0 of 793 tracked doors
No lounge access. This card opens exactly 0 of 793 tracked lounge doors — board with the crowd, or find a card that doesn't →
Can you get it?
the route in — no cutoffs published
The cutoffs and the actual route in — not the "apply now" button, the door that opens.
Direct application — no invite list, no banking relationship required.
Through anQ's own app, not a YES branch — the card's page says outright that to apply "please visit our partner's website / download the partner's mobile application", and warns that the partner may charge its own platform fee. The published eligibility block then contradicts itself in two consecutive lines: it names "All YES BANK Anq Phi Credit Card holders" and immediately adds "If you are already holding any YES BANK Credit Card, you are not eligible for this card." Both cannot hold. And since YES has stopped taking applications for anQ Phi itself, treat Pi as a companion product for an existing anQ relationship rather than a card a new reader can plan around.
YES Bank publishes no income or age cutoffs for this card. Blank means blank — we don't invent numbers to fill a grid.
per the official YES Bank MITC — figures marked (community) aren't in the PDF; the issuer won't say · filter the board by what you can get →
The fine print
7 of 7 MITC rows published
What the MITC actually says — the rates, fees and cutoffs the brochure skips.
EVERYTHING VARIANT-SPECIFIC IN THIS ROW IS THE SHELF-WIDE CLAUSE, NOT A ROW FOR THIS CARD. The 07-Aug-2026 MITC never names anQ Pi: the membership-fee grid names “Anq Phi / Paisabazaar Paisasave” at NIL joining and ₹499 annual, the forex table names ANQ Phi, and the utility-capping table names neither. What is carried here is the fine print the document applies to every YES card without qualification — the late-payment slab, the overlimit charge, the add-on fee, the cash-advance fee, the redemption fee and the “Other Credit Cards” interest tier. The card’s own zero fee rests on its product page, not on this grid, and this desk does not read a fee out of a row the card is not named in. Recorded so the absence is evidence on the record rather than mistaken for corroboration.
per the official YES Bank MITC · reviewed 10 Jul 2026
What's changed for this card
8 dated changes
Devaluations and buffs that touch this card directly, its issuer, or the points and programs it earns and transfers to. Every one is dated here; the tracker carries each one's before → after and the write-up.
- 23 Sept 2026Axis EDGE brings Accor back, drops ITC, and adds Cathay, Miles & More and HiltonAccor and Marriott off the grid since 2 April 2026; Club ITC live; no Cathay, Miles & More or Hilton → Accor live at the punished rates; ITC removed; Cathay, Hilton and Miles & More live; Marriott still gone
Axis's own Travel EDGE terms, re-read 25 September 2026, already show the grid that went live on 23 September. Accor ALL is back, and not at the old Atlas 1:2: EDGE Miles convert at 2:1 (Olympus 1:2) and EDGE Rewards at 5:1, with Magnus for Burgundy at 5:2 and only Burgundy Private still at 5:4. Club ITC is off the table. Three partners are new. Cathay Asia Miles sits on that same punished grid. Hilton Honors is the ordinary one: EDGE Miles 1:2, EDGE Rewards 5:2, Burgundy 5:4. Lufthansa Miles & More is the exception on Atlas, which converts 1:1 there while every other standard airline on that card is 1:2; the EDGE Rewards side of Miles & More is the ordinary 5:2. Marriott stays removed. Qatar Privilege Club was already back. Flying Blue, Air India and Qantas moved into Group A, which is the capped group. The Axis Rewards credit card's Amex network is advertised as joining-fee and annual-fee nil for a limited period; there is no separate Amex variant on this board, so that offer is not modelled as a fee change.
- 25 Aug 2026Vietnam Airlines Lotusmiles opens a broad SkyTeam status match — up to Elite Plus
- 20 Aug 2026IHG Hotels & Resorts becomes a Maharaja Club earning and conversion partner
- 6 Aug 2026MaxCoins' full transfer catalogue surfaces — Accor at 2:1 re-prices the coin to ₹1.08
- 3 Aug 2026SBI drops Etihad Guest from the MILES transfer table — the last SBI door into the programme
- 2 Aug 2026Flipkart SuperCoins into Maharaja Club improve to 2:1
- 26 Jul 2026Air India's quiet network retreat: Tokyo moves, Paris and San Francisco go, Malé pauses
- 15 Jun 2026YES's ₹100 redemption fee reaches Marquee and Reserv
Every YES Bank change we've dated → 7 events since 2023, 6 of them nerfs — worst year 2026.
Verified against YES Bank's own documents on · the net-annual-value engine, at our house ₹/point
Every document behind this page — 2 of them, each with the day we read it
- official Product page — zero first-year and renewal membership fee; 4 YES Rewardz per ₹200 on UPI transactions above ₹2,000 and 2 per ₹200 on all online spend; a maximum of 5,000 reward points a month
- official MITC (CMITC_V18_07082026) — checked for an anQ Pi row and it is not there; only "Anq Phi" appears in the membership-fee grid