YES PaisaSave RuPay
KeepLifetime free, 6% on dining and travel — but not when you pay by UPI.
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 ₹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 #321
Why #321 The lifetime-free RuPay twin — the same 6% on dining and travel, the same ₹36,000 ceiling, and the same wall at the end of it. It pays in rupees, transfers to nothing and opens no lounge door. Strong on a cashback spreadsheet, and held below cards that earn less but reach an airline.
The take
This is the RuPay virtual sibling of YES's PaisaSave card, and the swap is a fair one: you give up the plastic and gain a card that costs nothing, ever. The MITC prints NIL in both fee columns and the page says "Zero Joining Fees / No Annual Membership Fee", so there is no spend threshold to chase and nothing to waive. The earn grid is the Mastercard twin's — 12 reward points per ₹200 on dining and travel, 2 per ₹200 on everything else, and YES prices a point at ₹1 redeemable as statement credit with no fee. Read one word in footnote (a) before you rely on it, though: the 6% rung on this variant applies "except UPI transactions". A RuPay card exists to be linked to a UPI app, so the obvious way to use it is precisely the way that drops you to 1%. Pay the restaurant on the card and take 6%; scan its QR and take 1%. Rewards cap at 3,000 points a statement cycle either way, and the exclusion list — utilities, fuel, rent, insurance, education, jewellery, government, pharmacies, tolls, railways — is long. As a free second card behind a QR code it is hard to argue with; as your main card it is a 1% card with a rule you have to remember.
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
₹3,000 a year at ₹3,00,000 of annual spend
₹6,000 a year at ₹6,00,000 of annual spend
₹12,000 a year at ₹12,00,000 of annual spend
₹36,000 a year at ₹36,00,000 of annual spend
₹60,000 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
- 15 Jun 2026 YES's ₹100 redemption fee reaches Marquee and Reserv issuer-wide
- 15 Jun 2026 YES Bank raises forex on almost every card it sells — SELECT takes 75 basis points in one step issuer-wide
- 1 Apr 2025 YES lounge gate triples to ₹1 lakh on Marquee and Reserv issuer-wide
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 — the MITC prints NIL in both fee columns and the page says the same in words
- 6% back on dining and travel paid on the card: 12 reward points per ₹200, priced at ₹1 a point
- Points redeem as statement credit on YESRewardz with no redemption charge
- RuPay, so it links to any UPI app
Watch out
- The 6% dining-and-travel rung explicitly excludes UPI transactions — the card's own headline use case earns 1%
- Rewards cap at 3,000 points a statement cycle: ₹36,000 a year is the ceiling on everything
- Utility, insurance, fuel, rent, wallet, education, jewellery, government, hospital, pharmacy, toll and railway spend earns nothing
- Foreign currency markup is 3.50% since 15-Jun-2026 plus 1% dynamic currency conversion
- No lounge access — absent from the MITC's lounge threshold table
What these points actually fly
No live transfer route takes Statement cashback (₹) into a programme that publishes an award chart. These points buy catalogue and portal redemptions, not award seats — so this page has no flight to show you, and will not invent one.
what the cards that DO reach a chart can fly — 2,196 corridors priced →
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.
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.
Lifetime free where its plastic sibling is not: “Paisabazaar Paisasave RuPay Virtual” is named in the membership-fee grid’s NIL joining / NIL annual row, while plain Paisasave renews at ₹499. Both are named in the forex bracket that went 3.40% to 3.50% on 15-Jun-2026. Being virtual exempts it from the cash-advance fee and from the re-issuance charge. Utility spends attract 1% + GST past ₹25,000 in the previous calendar month. Absent from the domestic-lounge threshold table.
per the official YES Bank MITC · reviewed 10 Jul 2026
What's changed for this card
7 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.
- 15 Jun 2026YES's ₹100 redemption fee reaches Marquee and ReservMarquee and Reserv exempt from the ₹100-per-redemption fee; card reissuance ₹100–₹200 by variant → ₹100 fee on every redemption request, premium cards included, plus a ₹99 booking fee on YES Rewardz flights; reissuance ₹199; fuel-surcharge waiver window revised
The exemption that let Marquee and Reserv holders pretend the ₹100 redemption fee was someone else's problem is gone. From 15 June 2026 every YES card pays ₹100 per redemption request, and booking a flight through YES Rewardz — the only place the points are worth their ₹0.25 — stacks a ₹99 booking fee on top. On a card whose whole pitch is settling 4.5% online earnings in portal travel, YES now charges you twice at the exit.
- 15 Jun 2026YES Bank raises forex on almost every card it sells — SELECT takes 75 basis points in one step
- 15 Jun 2026Reserv's forex markup goes 1.75% to 2%
- 1 Apr 2025YES lounge gate triples to ₹1 lakh on Marquee and Reserv
- 1 Apr 2025Government and ad spends stop earning on 13 YES cards
- 1 Dec 2024YES caps travel redemptions at 70% of the invoice
- 15 Dec 2023YES returns to super-premium with the Marquee
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 joining and no renewal fee, 12 reward points per ₹200 on dining and travel "except UPI transactions", 2 per ₹200 elsewhere, 1 RP = ₹1, rewards capped at 3,000 a statement cycle
- official MITC (CMITC_V18_07082026) — Paisabazaar Paisasave RuPay Virtual in the NIL/NIL lifetime-free row; forex 3.50% from 15-Jun-2026