YES Bank Marquee
Keep4.5% on everything online — from the bank you have to trust to pay it out.
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
Welcome: 40,000 YES Rewardz points (₹10,000) on the ₹9,999 joining fee; 20,000 more each renewal
Priced on the everyday mix — 30% groceries · 10% utilities · 20% travel · 6% fuel · 34% everything else — with this card's published category rules applied: it earns nothing on fuel here, so that spend is dropped, not paid at the headline, and stops pacing milestones and the waiver. 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 ₹5,200 gross (earn ₹200 + milestones ₹5,000) against its ₹4,999 fee = ₹200 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
On paper the Marquee embarrasses the establishment: 36 points per ₹200 online is 4.5% back, unlimited international lounges, 1% forex, all under a ₹10,000 door charge. The asterisks are structural. YES Rewardz points are worth ₹0.25 only against flight and hotel bookings inside YES's own portal, capped at 70% of the invoice and 3 lakh points a month — the lone airline exit, Maharaja Club at 15:1 (≈₹0.07/point), is a decoy, and statement credit pays ₹0.10. Offline spend earns half, and since June 2026 every redemption costs ₹100 plus a ₹99 flight-booking fee. Treat it as a 4.5%-online-spend engine that settles in discounted travel, not a miles card — strong if you genuinely route spend online and redeem in the portal, ordinary (2.25%) the moment you swipe offline or cash out as statement credit.
Your renewal — keep, downgrade or cancel
This card covers its own renewal fee at any spend we model — the question is what else you hold, not whether to keep it.
Keep, downgrade or cancel
₹4,999/yr at stake · 5 spend bands
The charge ₹9,999 joining, then ₹4,999/yr
The waiver ₹10,00,000 of spend in the year before renewal — about ₹83,333 a month — and the renewal fee is not charged.
Break-even It clears its own fee at every spend we model, from ₹1,000 a month up. The question here is whether you use it, not whether it pays.
At your spend
₹6,000 a year, net of the fee, at ₹3,00,000 of annual spend
₹12,100 a year, net of the fee, at ₹6,00,000 of annual spend
₹24,200 a year, net of the fee, at ₹12,00,000 of annual spend — this clears the waiver, so no fee is charged
₹72,500 a year, net of the fee, at ₹36,00,000 of annual spend — this clears the waiver, so no fee is charged
₹1,20,900 a year, net of the fee, at ₹60,00,000 of annual spend — this clears the waiver, so no fee is charged
Everyday earn plus milestones, minus the fee — the same model as the value panel above, so the two cannot disagree. run your exact spend →
Your copy of this card
You hold this card.
Kept on this device, in your browser. It is never sent to us, never synced, and nothing else on the site reads it yet.
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
- 36 RP/₹200 online ≈ 4.5% — the highest online earn rate in the catalog
- Unlimited international lounges (primary + add-on) plus 24 domestic visits/yr
- 1% forex markup — rare under a ₹5,000 renewal fee
- 40,000-point welcome, 20,000-point renewal bonus; renewal fee waived at ₹10L
Watch out
- ₹0.25/point only on YES Rewardz flights/hotels, capped at 70% of invoice — the lone Maharaja route (15:1, ≈₹0.07/pt) is a decoy; statement credit pays ₹0.10
- Offline spends earn half (2.25%); utilities/cable just 1.25%, capped 1,250 RP/cycle
- Fuel, rent, wallet and government earn zero since 1-Apr-2025 — and 15-Jun-2026 zeroed insurance, education, railways, toll and ferry too
- Domestic lounge access needs ₹1L spend in the previous quarter
- ₹100 + GST per redemption since 15-Jun-2026, plus ₹99 per flight booking
- Online accelerated points capped at 1,00,000/statement cycle (≈₹5.5L spend)
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 →
What earns, what doesn't
13 sourced rules · 7 pay zero
Marquee's earn is channel-split (36 RP/₹200 online, 18 offline, 10 on select categories), so a category's rate also depends on HOW you pay. Apr-2025 devaluation added government + marketing/advertising to the exclusion list; 15-Jun-2026 zeroed insurance, education, railways, toll & ferry, shrank the select list to MCC 4899+4900 and added the ₹100 redemption fee (official product page + V18 MITC).
- Fuel · excluded Zero RP; 1% surcharge waiver on ₹500–₹5,000 txns, cap ₹1,000/cycle (official MITC); 1% fee past ₹10k/txn or ₹50k/month
- Rent & property management · excluded Zero RP since 1-Apr-2025; 1% rent fee (min ₹199 above ₹1,000), max 5 rent txns/30 days (official MITC)
- Wallet loads · excluded Zero RP; 1% fee on wallet loads above ₹2,000 (official MITC)
- Utilities (electricity/water/gas) · reduced 10 RP/₹200 (1.25%) as a 'select category'; RP capped 1,250/statement cycle for Marquee (official MITC table); 1% fee past ₹50k/month
Does your spend count toward the fee waiver?
not published — and we say which
₹10,00,000 a year is the bar that waives the ₹4,999 fee. A different question from the one above — earning points and counting toward a threshold are separate rules, and issuers write them separately.
Not published. YES Bank states what the YES Bank Marquee earns and does not earn, but has not published which spend categories count toward the fee waiver and the milestones — the ₹10,00,000 bar. We won't guess it from the earn table or from a sibling card: Axis published three cards' rules on one day and all three lists differed. If you hold this card and have it in writing from the issuer, send us the document and we'll source it.
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
72 of 793 tracked doors
Gate: ₹1L spend in the previous calendar quarter for domestic visits (international ungated)
Opens 72 of 793 tracked lounge doors across 40 airports , via Visa — see the full map →
Can you get it?
income, age and the route in
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.
The public form works — the official bar is ₹3L/month net salary or a ₹36L ITR — but the cheaper door is the upgrade: YES First Preferred holders commonly report Marquee conversion with the ₹9,999 joining fee waived, and a YES First banking relationship generally means warmer pricing than a cold application. One official quirk: if you already hold any YES credit card, you're not eligible via the online form — the upgrade desk is your route.
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.
Joining ₹9,999 (40,000-point welcome), renewal ₹4,999 waived at ₹10L spend. Rent 1% fee (min ₹199 above ₹1,000; max 5 rent txns/30 days); wallet loads >₹2,000 1%; third-party education apps 1% (cap ₹5,000/month); utility 1% past ₹50k/month (cap ₹5,000/txn). Card replacement ₹199 from 15-Jun-2026. Income/age not in MITC — community.
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 — 6 of them, each with the day we read it
- official Product page (₹9,999 joining / ₹4,999 renewal waived at ₹10L; 36/18/10 RP/₹200; 15-Jun-2026 zeroed insurance/education/railways/toll/ferry)
- official MITC PDF — 1% forex + 1% DCC; ₹100+GST redemption fee on Marquee/Reserv w.e.f; 15-Jun-2026 plus ₹99+GST per flight booking with points
- community CardInsider review
- community CardInsider — Maharaja transfer ratios
- community CardMaven review — Visa & Mastercard variants
- community CardExpert — YES First Preferred upgrade route with joining-fee waiver; online cap 1,00,000 RP/cycle then throttles to uncapped offline base