YES First Corporate
KeepNothing to take out, nothing to keep, and a lounge visit a month — on the company's liability.
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 — and a business card's accelerator is usually the point. This card is not on the board, which ranks personal cards only; it is ranked against other business cards on /best/business, where the tax, GST and vendor-payment rungs ARE credited and its ₹ 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 ₹100 gross (earn ₹100) against its ₹0 fee = ₹100 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.
3 notes on the card itself: how it is issued · the network variants · why it ranks #577
Why #577 A business card carried, not ranked — and one of very few cards anywhere on this board that costs nothing to take out, nothing to keep, and still opens a lounge door every month of the quarter. What holds it back is a 3.50% forex markup on a card sold for air travel and hotel stays, and a statement that demands the full balance every month.
YES Rewardz at ₹0.25 a point, this desk's house value — and the ₹0.25 is the CEILING rather than the everyday rate: it holds only on flight and hotel bookings through YES Rewardz, capped at 70% of the invoice, with statement credit and vouchers marked lower. YES charges no redemption fee on this card ("Reward Redemption Fee / NIL"), which is one friction the consumer shelf does carry.
Best real exit: Air India Maharaja Points at ₹0.05/pt (15:1 transfer).
The take
This is the card YES Bank puts in front of a company's travelling employees, and its headline number is the absence of one: the fees table prints NIL against the joining fee and NIL against the "Annual Membership Fee (First Year and renewal)". Free forever, with no spend bar to clear, and against that YES sets three complimentary domestic lounge visits per quarter in India — a visit a month, on a card that costs the company nothing. Very little on this board does that. On top sit a golf programme running one lesson every calendar month plus four sessions with the green fee waived at select Indian courses, corporate name embossing on the fourth line of the plastic, a choice of billing cycles, a floater limit that lets one sanctioned limit move between cardholders, and MasterCard Smart Data Gen 2 for the spend MIS. The earn is ordinary and honest about it: six reward points per ₹200 across all categories except fuel, which is three points per ₹100, and at YES Rewardz's ₹0.25 a point that is 0.75% before you argue about what a point is worth. Redemption costs nothing. One thing to diary: from 15 July 2026 YES stopped paying reward points on spends at "Select Merchants" and has not published who they are, so a category you rely on can stop earning without notice. Two things make it a corporate card rather than a cheap travel card, and both matter more than the perks. The minimum amount due is 100% of the total amount due — this does not revolve by design, and if it does the finance charge is 3.75% a month, 45% a year, from the transaction date. And there is no cash advance limit as standard; the company has to ask for one, and it caps at a fifth of the limit. Then the number that undercuts the whole travel pitch: 3.50% on foreign currency, India's norm rather than anything better, plus a further 1.5% if a merchant abroad tempts you into billing in rupees. For a card sold on "air travel, hotel stays, dining, car rentals", the overseas half of that list is the expensive 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
₹2,300 a year at ₹3,00,000 of annual spend
₹4,500 a year at ₹6,00,000 of annual spend
₹9,000 a year at ₹12,00,000 of annual spend
₹27,000 a year at ₹36,00,000 of annual spend
₹45,000 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
- Lifetime free — YES prints NIL against the joining fee and NIL against the annual membership fee, first year and renewal alike
- Three complimentary domestic lounge visits a quarter in India, with no spend gate published
- One golf lesson every calendar month plus four sessions with the green fee waived at select Indian courses
- 6 reward points per ₹200 across all categories except fuel, and no redemption fee at all
- Floater limit — one sanctioned limit that can be moved between cardholders across the company
- 50 interest-free days, and a choice of billing cycles to match the company's expense calendar
Watch out
- 3.50% foreign-currency markup — India's norm, on a card YES sells for air travel and hotel stays — plus 1.5% more on any dynamic-currency-conversion spend
- THE MINIMUM AMOUNT DUE IS 100% OF THE TOTAL. This card is not built to revolve, and if it does the finance charge is 3.75% a month — 45% a year — from the transaction date
- From 15 July 2026 "No Reward points will be provided for spends done on Select Merchants", and YES names none of them
- No cash advance limit as standard: YES sets it at 20% of the credit limit and only "as per Corporate request"
- Rent payments cost 1% and are capped at three transactions per 30 days
- Late payment runs to ₹1,000 a statement above ₹20,001 of balance, and the liability is the company's
- YES publishes no lounge OPERATOR for this card — the quota is stated, the estate behind it is not, so this board opens no doors for it on the map
- The card's reward points are YES Rewardz, whose ₹0.25 holds only on YES Rewardz flight and hotel bookings and only up to 70% of the invoice
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 the company, not the person: YES issues this against a corporate relationship, the liability is the company's, and the application document YES links from the page is the "Corporate Credit Card Individual App Form". There is an Apply Now funnel on the page (campaignweb.yesbank.in/webApp/yblAPP3256) but the card is set up under a programme the company's administrator runs — consolidated statement, floater limit, billing cycle chosen at the programme level. Ask the administrator which merchants fall into the "Select Merchants" exclusion before you plan any spend around the earn.
YES Bank publishes no income or age cutoffs for this card. Blank means blank — we don't invent numbers to fill a grid.
no MITC row researched for this card yet · filter the board by what you can get →
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 YES Bank's product page — the nil joining and nil annual fee, the quarterly domestic lounge quota, 6 reward points per ₹200, the golf programme and the full fees table
- official YES Bank's own sitemap — the corporate credit-card namespace, and the proof this card's page is current rather than an orphan