YES BANK RazorpayX Purchase Credit Card
Keep2.50% abroad, free forever, for the company whose spend is a dollar-denominated SaaS bill.
no published earn rate to price
Skip the arithmetic — the board, ranked → · nothing to sign up for
What it's worth to you, after the fee
Not valued. We can't value this card until the issuer publishes how it earns — every net-value number here would be a fee subtracted from rewards nobody has described. Everything we can source — the fee, the charges, the migration that put this card in your hand — is above and stands on its own; this card is simply not on the board, not in the calculator, and cannot win a best-of call until YES Bank publishes terms we can cite.
Why we decline to value some cards, and what it takes to change that →
2 notes on the card itself: how it is issued · why it ranks #580
Why #580 A business card carried, not ranked. It is on this board for one number: 2.50% on foreign currency, a full point under India's 3.5% norm, on a card that costs nothing and never will. For a company paying AWS, Google Cloud and a SaaS stack in dollars that is the whole product. It earns no points and opens no lounge door, and the "rewards" are software vouchers.
The take
The YES BANK RazorpayX Purchase Credit Card is a payables rail with one number on it that matters to a reader of this desk: foreign currency costs 2.50%, printed in the card's own fee table, against the 3.50% YES charges on its plain Prosperity Purchase card in the very same schedule. A full percentage point, on a card with no joining fee and no annual fee in either year. For a company whose international spend is AWS, Google Cloud, Freshworks and a stack of dollar subscriptions — which is precisely the company RazorpayX sells to — that one point is the entire product, and it compounds against nothing because the card is free. Everything else is procurement plumbing, and good plumbing. Up to 45 days of interest-free credit. Corporate name embossing. Merchant-category and acquirer-level controls, per-card daily and per-transaction limits, an international on/off switch, SMS and email alerts, and a Corporate Assist Desk instead of the consumer credit-card line. The rewards, such as they are, are software vouchers through PoshVine rather than points: up to 90% off Freshworks, up to $5,000 of Google Cloud credits, six months of Notion. Useful to a startup, worth nothing on a spend curve, and not a reward RATE — YES's own fee table says "Reward Redemption Fee Not Applicable". The mechanics are corporate, so read them as such. The Minimum Amount Due is 100% of the Total Amount Due: this card does not revolve, it goes overdue, and overdue costs 3.75% a month — 45% a year — from the transaction date. Cash advance is not available at all. Rental payments carry a fee of at least 1% and are capped at three transactions per 30 days. And you cannot simply apply: the card is issued against a RazorpayX-powered current account, which makes it unavailable to any business not already on Razorpay. One number we will not print: RazorpayX's own comparison page advertises "Flat 1% Cashback" on this card. YES publishes no such rate anywhere, and its rewards section describes vouchers instead. This desk settles a disagreement against the issuer, so the card is carried without an earn rate until YES states one.
Your renewal — keep, downgrade or cancel
There is no renewal arithmetic to run on this card yet — and a break-even we cannot source is not one we will print.
the whole desk — what changed, the downgrade, and what we cannot price →
Keep, downgrade or cancel
what we can and cannot price
Not valued. We can't value this card until the issuer publishes how it earns — every net-value number here would be a fee subtracted from rewards nobody has described. A break-even is the spend at which value crosses a fee, and we are short one side of that sentence — so this desk prints no ladder, no crossing and no ₹0 standing in for either. What we can source about this card is under Sources.
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 we cannot price either side 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
- 2.50% foreign-currency markup — a full point under India's 3.5% norm, and under YES's own 3.50% plain purchase card
- Lifetime free: "Joining Fee NIL" and "Annual Membership Fee (First Year and renewal) NIL" in the card's own fee table
- Up to 45 days of interest-free credit on procurement and vendor spend
- 1% fuel surcharge waiver between ₹400 and ₹5,000, capped at ₹500
- Merchant-category, acquirer-level, daily and per-transaction controls, plus an international on/off switch
- Software vouchers through PoshVine — up to 90% off Freshworks, up to $5,000 of Google Cloud credits, six months of Notion
- Corporate name embossing and a dedicated Corporate Assist Desk
Watch out
- YES PUBLISHES NO EARN RATE — its fee table says "Reward Redemption Fee Not Applicable" and its rewards section lists software vouchers, so we print no rate
- RazorpayX's own comparison page advertises "Flat 1% Cashback" on this card; YES corroborates it nowhere, so this desk does not carry it
- Gated on Razorpay — the card is issued against a RazorpayX-powered current account, so a business not already on Razorpay cannot get it
- No lounge access of any kind — RazorpayX's own comparison table says "Lounge Access: Not included"
- Minimum Amount Due is 100% of the Total Amount Due: this card does not revolve, and overdue costs 3.75% a month (45% a year) from the transaction date
- Cash advance is not applicable — no ATM access and no cash limit
- Rental payments cost at least 1% of value and are capped at three transactions per 30 days
- A 1.5% dynamic-currency-conversion markup applies on top when a foreign merchant bills you in rupees
What these points actually fly
YES Bank has not published what this card earns, so there are no points here to fly with — not zero points, and not points that go nowhere: nothing stated either way. The moment a benefit sheet exists we will price whatever it names.
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.
no MITC row researched for this card yet · filter the board by what you can get →
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
Not published , and we will not invent it: the earn rate and the currency it earns.
Every document behind this page — 3 of them, each with the day we read it
- official YES BANK's Co-brand RazorpayX Purchase Credit Card product page — the full fourteen-row fee table, the 2.50% foreign-currency markup, the nil fees and the PoshVine voucher list
- community RazorpayX's own corporate-cards page — the co-brand partner's comparison of its YES BANK and RBL editions, and the source of the 1% cashback claim this desk does not carry
- official YES BANK Commercial Credit Card MITC — the Purchase schedule that prices the RZP Cobrand column at 2.5% forex and restricts the fuel waiver to it