1 Zagg Coin is worth ₹0.25 in India.
₹0.25₹250 per 1,000 Coins, our house mark
₹0.25 · first marked 16 Aug 2026, never re-marked since
How we got this ₹ figure
₹0.25 is our HOUSE value for a Coin — what a disciplined traveller actually clears, not the best redemption we have ever seen (₹0.25, the ceiling) and not the worst you can always fall back on (₹0.25, the floor). It is the number every route on this page is priced with.
We hold one dated point for Zagg Coins — the mark itself. There is no earlier valuation on our record, so this page shows no trend line rather than drawing one. How we value a point →
Which of my cards reach it? — 2 do
2 cards earn Zagg Coins outright. The figure is the reward rate — what ₹100 of ORDINARY spend earns back at our house ₹/point, before milestones, accelerators and the annual fee. How we compute it →
YES Bank Zagg Credit Card0.8%YES BankAU Zaggle Credit Card0.5%AU Small Finance BankNOT YES Rewardz, and the distinction is the bank's own: YES Bank's Zagg page says outright that "any program or offering administered by the Third-Party Application Provider (TPAP), such as the Zagg app, would be the sole responsibility of the TPAP", and Zagg is absent from the MITC's YES Rewardz utility-capping table that lists every YES card earning that currency. The programme belongs to Rivpe Technology Pvt Ltd, and its own published FAQ fixes the rate to the decimal: "4 Zagg Coins equal ₹1 and can be redeemed directly into your bank account." So ₹0.25 is the floor, the value and the ceiling — a closed loop with one door, and that door pays cash, which is the best a closed loop can do. It reaches no airline, no hotel and no transfer partner. Earned ONLY on Zagg-UPI spend: 3 coins per ₹100 (0.75%), capped each statement cycle at 1.5% of your credit limit in coins since 23-Sep-2025. Called RIO COINS until the app was renamed — pre-10-Jan-2025 cards earned 0.5 coins per ₹50 off-UPI and 1.5 per ₹50 on UPI, and the Play Store package is still `omnicash.rio.app`.
Zagg Coins has held — we grade its nerf risk stable 6 cuts in 24 months — latest: Jun-2026 fee hike (moderate) How we grade it →
Expiry: not published — Zagg's rewards policy sets no expiry on an accrued coin balance
No corridor on our board prices a seat in Zagg Coins against a published chart — every option that reaches it is dynamic, and an estimate is not a seat. the 2,196 corridors that DO have a verified price →
The nerf log
Full tracker →Every tracked event that touches Zagg Coins.
- 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 stepForex markup 1.75% on Reserv and YES First Preferred, 2.75% on Elite+, Essence, Select and Ace, 2.50% on Prosperity Business, 3.40% on the Prosperity/POP-CLUB/ANQ Phi tier → From 15 Jun 2026: 2.00% on Reserv and First Preferred, 3.00% on Elite+ and Essence, 3.50% on Select and Ace, 3.00% on Prosperity Business, 3.50% on the Prosperity tier. YES Private, Private Prime (0.50%) and Marquee (1%) unchanged
YES Bank re-priced foreign spend across almost its entire shelf on 15 June 2026, and the size of the moves is not uniform — which is the point. SELECT went from 2.75% to 3.50%, a 75-basis-point jump in one step that takes it from below the Indian norm to exactly at it, and the product page still lists the markup as though it were a feature. Elite+ and Essence went 2.75% to 3.00%. Reserv and YES First Preferred, which share an MITC row, went 1.75% to 2.00% — still the best numbers on the mass shelf, but no longer what the reviews say. Only the top of the range escaped: YES Private and Private Prime hold 0.50%, the lowest markup on any Indian credit card, and Marquee holds 1%. A separate 1% dynamic-currency-conversion charge sits on top of all of them whenever a foreign merchant bills you in rupees. If you picked a YES card for its markup before June, check which number you are actually paying now.
- 15 Jun 2026Reserv's forex markup goes 1.75% to 2%1.75% + GST foreign-currency conversion markup on Reserv, Reserv (NRI), Reserv (FD) and the YES First Preferred family; 1% DCC markup on international transactions billed in rupees → 2.00% + GST from 15 June 2026 on the same set of variants; the 1% DCC markup is unchanged
A quarter of a point, and it costs the Reserv the one line it could still win on. At 1.75% this was a genuinely cheap card to take abroad for a ₹2,499 door charge — inside the band where the premium ₹10,000-plus metal sits. At 2.00% it is merely normal: the same number Axis charges on the IndiGo Premium and Standard Chartered on the Ultimate, against a card that pays its points out at ₹0.25 in YES's own portal and ₹0.10 anywhere else. YES did not move Marquee (1.00%) or YES Private (0.50%), so the bank is deliberately re-spacing its ladder rather than raising prices across the book — the Reserv simply got moved down a rung. Read the table in the MITC and the direction is unmistakable: every variant below the Reserv rose too, Select and ACE hardest at 2.75% to 3.50%.
- 1 Apr 2025YES lounge gate triples to ₹1 lakh on Marquee and Reserv₹35,000 of quarterly spend unlocked domestic lounge access → ₹1,00,000/quarter for Marquee and Reserv; ₹75,000 for First Preferred/Business; ₹50,000 for Elite+, Select and BYOC
The quarterly spend needed to keep domestic lounge access nearly tripled overnight — ₹35,000 to a flat ₹1 lakh on Marquee and Reserv. That's ₹4 lakh a year of spend just to hold on to a benefit the brochure still lists as complimentary. The unlimited international access survives, but the domestic doors now belong to YES's heaviest spenders only.
- 1 Apr 2025Government and ad spends stop earning on 13 YES cardsGovernment, marketing and advertising transactions earned reward points → Zero points on those categories across Private, Marquee, Reserv, Elite+, Select and eight more; the overlimit facility dies 1 May 2025
Another quiet trim: from 1 April 2025, government, marketing and advertising payments earn nothing on thirteen YES cards, Marquee and Reserv included. A month later the bank switched off the overlimit facility entirely — transactions past your limit now simply decline. Individually small, but it's the fourth exclusion round in eighteen months, and the direction of travel is unmistakable.
2 earlier events on this program
- 1 Dec 2024YES caps travel redemptions at 70% of the invoiceFlights and hotels on YES Rewardz bookable fully with points → Points cover at most 70% of any booking; monthly redemption caps of 3 lakh (Marquee), 2 lakh (Reserv), 1 lakh (others); finance charges hiked to 3.99%/month on many cards
The one redemption that makes YES Rewardz points worth ₹0.25 — portal flights and hotels — now legally cannot settle a full booking: 70% of the invoice is the ceiling, so every redemption forces cash out of your pocket alongside the points. Monthly caps (3 lakh points on Marquee, 2 lakh on Reserv) box in the big balances, and finance charges quietly climbed to 3.99% a month. The earn rates YES advertises didn't move; the exits all narrowed.
- 15 Dec 2023YES returns to super-premium with the MarqueeNo YES Bank super-premium card since the bank's 2020 reconstruction → Marquee: ₹9,999 joining, 36 RP/₹200 online (18 offline), unlimited international lounge for primary and add-on, 6 domestic visits a quarter, 1% forex
YES Bank's statement that it intends to matter again: 36 points per ₹200 online is a 4.5% headline at the portal travel value, wrapped in unlimited international lounge access and 1% forex for a ₹9,999 door charge. The catch was visible on day one — the points settle inside YES's own ecosystem at ₹0.25 against travel, ₹0.10 as credit, with no real airline exit. The earn side embarrassed the establishment; the burn side was always the bet.
Straight answers
The questions people actually type about Zagg Coins — answered from the same data as everything above, with the same numbers.
What is 1 Zagg Coin worth in INR?
Our desk marks Zagg Coins at ₹0.25 a Coin — so 1,000 Coins are worth ₹250 and 10,000 are worth ₹2,500. That is the number every route on this page is priced with. The ₹0.25 floor is the redemption you can always fall back on; the ₹0.25 ceiling is the best sweet spot we have actually verified. The mark is holding flat, last reviewed 16 Aug 2026. The valuation index prices it against every other program we cover.
Which Indian cards earn Zagg Coins?
2 Indian cards earn Zagg Coins outright. Best-ranked earners: YES Bank Zagg Credit Card and AU Zaggle Credit Card, the best of them at 0.8% reward rate. The card list above names each of them with its rank, its ratio and what one of its points becomes here.
When did Zagg Coins last devalue?
1 Apr 2025 — Government and ad spends stop earning on 13 YES cards. That is the newest cut on our record. The nerf log below carries 7 tracked events touching Zagg Coins, and the program grades stable on nerf risk.
Verified against Zagg (Rivpe Technology) · issued on YES Bank's own documents on · our house ₹/Coin, ₹0.25 today
Not published , and we will not invent it: how long posting takes · its award terms — surcharges and the booking window.
Every document behind this page — 2 of them, each with the day we read it
- official Zagg's own FAQ — "4 Zagg Coins equal ₹1 and can be redeemed directly into your bank account", the only place the rupee value of a coin is published, and the whole basis of the ₹0.25 mark.
- official Zagg Rewards Policy (Rivpe Technology) — the earn rate as a block that can be nerfed, with the statement-cycle ceiling effective 23-Sep-2025 capping coins at 1.5% of the credit limit.