YES BANK MARQUÉE Credit Card Review 2026: 4.5% Online — but Only If You Redeem for Travel
MARQUÉE pays 36 YES Rewardz Points per ₹200 online — 4.5% at YES BANK's best redemption rate, 1.80% as statement credit. ₹9,999 joining, ₹4,999 annual. Full review and FAQs.
MARQUÉE pays 36 YES Rewardz Points per ₹200 on online shopping, 18 offline and 10 on YES BANK's Select categories.
At the bank's best redemption rate that is 4.5% online. At its most obvious one it is 1.80%. Which number applies to you is a choice you make at redemption, not at the checkout.
YES BANK MARQUÉE Credit Card Quick Overview
| **Card type** | Rewards card |
|---|---|
| **Best for** | An online-heavy spender who books travel through YES BANK |
| **Joining / renewal fee** | ₹9,999 + GST joining, ₹4,999 + GST renewal — renewal waived at ₹10 lakh of annual spend |
| **Network** | Visa |
| **Base reward rate** | **2.25%** |
| **Top reward rate** | **4.5%** — shopping |
| **Reward currency** | YES Rewardz Points, valued at ₹0.25 each |
| **Welcome benefit** | 40,000 YES Rewardz Points as a joining benefit, credited after the membership fee is paid. NOT paid at all if the fee is not settled by the payment due date. |
| **Lounge access** | **Unlimited** complimentary domestic lounge access |
| **Forex markup** | 1.0% |
Reward Structure: How You Earn
36 YES Rewardz Points per ₹200 on online shopping — 4.5%.
18 per ₹200 offline — 2.25%.
10 per ₹200 on Select categories — 1.25%. YES publishes this list: utilities, insurance and education.
| Spend | Effective rate |
|---|---|
| shopping (capped at 100,000 points a month) | **4.5%** |
| Everything else | 2.25% |
| Fuel, rent, wallet loads, government, gaming | **0%** |
The caps that actually bind
Headline rates mean little until you know where they stop. These are the limits on this card:
| Cap | Limit |
|---|---|
| Cycle | 100,000 points per calendar month |
Where you redeem matters more than what you spend on
A YES Rewardz Point is worth between ₹0.10 and ₹0.25 depending on the channel, and that 2.5× spread is the single most important thing about this programme:
| Redemption | Value per point |
|---|---|
| **Flights and hotel bookings** | **₹0.25** |
| E-gift vouchers (YES Private, Marquee) | ₹0.15 |
| E-gift vouchers (all other cards) | ₹0.10 |
| **Statement credit** | **₹0.10** |
| Merchandise, PM Cares donations | ₹0.10 |
Every percentage in this review uses ₹0.25 — the published maximum. Take statement credit instead, the simplest and most obvious redemption, and you realise 40% of the figures quoted here.
And the best channel is doubly constrained: flight and hotel redemptions are capped at 70% of the invoice value, so points can never settle a booking outright, and a ₹99 + GST convenience fee applies to flight bookings.
Four rules that apply to every YES card
- A 2,000-point minimum before anything can be redeemed — ₹500 of value locked up.
- Points expire after 36 months from the date of earning.
- Monthly redemption caps by variant: 6,00,000 points on YES Private, 3,00,000 on Marquee, 2,00,000 on Reserv, 1,00,000 on every other card.
- A ₹100 + GST redemption fee on every card except YES Private, where it is nil.
Two things changed on 15 June 2026
Reward points stopped being awarded on rental, wallet, fuel, government and marketing or advertising transactions, on cash withdrawals, and on Post Purchase EMI and Instant EMI.
The foreign currency markup rose on most of the range. Reserv and the YES First family went from 1.75% to 2.00%; Elite+, YES Essence and YES Prosperity Business to 3.00%; and Select, ACE, the Virtual RuPay card and Klick from 2.75% to 3.50% — a 0.75-point jump, the largest in the range.
Only YES Private, Marquee, FREO and the BYOC/EMI/Wellness/Zagg group were unchanged. Anyone reading a YES BANK review written before June 2026 is looking at both a wider earning base and a cheaper foreign markup than exist now.
A separate 1% dynamic currency conversion charge catches people out. If an international transaction is billed to you in rupees — at a foreign point of sale, or at an overseas merchant selling in INR — YES levies 1% plus GST on top of the markup above. Choosing to be charged in rupees abroad costs more, not less.
Lounge access is earned a quarter in arrears. YES makes domestic access conditional on meeting a spend threshold in the previous calendar quarter — hit it in Jan–Mar and access opens for Apr–Jun. A new cardholder gets nothing for their first quarter.
Worked example
Spend ₹50,000 a month online. At 36 points per ₹200 that is 9,000 points — ₹2,250 against flights and hotels, or ₹900 as statement credit. Over a year, ₹27,000 or ₹10,800 against a ₹4,999 annual fee. The card clears its fee comfortably on travel redemption and marginally on statement credit.
Category Restrictions: Where You Won't Earn
- Where you earn nothing: FROM 15 JUNE 2026 YES BANK AWARDS NO REWARD POINTS on rental, wallet load, fuel, government, and marketing or advertising transactions, nor on cash withdrawals, Post Purchase EMI or Instant EMI. Separately, YES publishes a 'Select categories' MCC list — utilities (4899, 4900), insurance (6300, 6381) and education (8211, 8220, 8241, 8244, 8249, 8299) — which earn the card's LOWEST band rather than nothing.
- Point expiry: 36 months from the date of earning, per YES BANK's Credit Card Redemption Rules. A minimum of 2,000 Reward Points is required before anything can be redeemed.
- Redemption fee: ₹100 per redemption.
- Cycle cap: 100,000 YES Rewardz Points per statement cycle — ₹25,000 at the flights-and-hotels rate.
Fees and Charges
| Charge | Amount |
|---|---|
| Joining fee | ₹9,999 + GST |
| Renewal fee | ₹4,999 + GST |
| Finance charges | 3.99% per month (47.88% per annum) on revolving credit, cash advances and overdue amounts. |
| Cash advance fee | 2.5% of the amount withdrawn. Not applicable to any Virtual Credit Card. |
| Cash advance interest | 3.99% per month, charged from the date of withdrawal with no interest-free period. |
| Forex markup | Set per card variant and RAISED ON MOST OF THE RANGE ON 15 JUNE 2026: YES Private 0.50%; Marquee 1.00%; Reserv and the YES First family 2.00% (from 1.75%); YES Prosperity Business, Elite+ and YES Essence 3.00%; Select, ACE, Virtual RuPay and Klick 3.50% (from 2.75%); FREO 3.40%; BYOC, EMI Card, Wellness, Wellness Plus, Zagg and Novio 3.50%. NOT APPLICABLE AT ALL to Uni, Uni RuPay Virtual, AI Inside and NIYO. |
| Dynamic currency conversion | 1% plus GST, charged IN ADDITION where an international transaction is billed in INR — at an overseas point of sale or at a merchant registered abroad selling in rupees. Not applicable to Uni, Uni RuPay Virtual, AI Inside or NIYO. |
| Fuel transactions | A fuel surcharge of 1% to 2.5% plus GST may be levied by the acquirer and is payable by the cardholder. Most YES cards carry a 1% surcharge waiver; note separately that fuel has earned NO reward points since 15 June 2026. |
| Reward redemption | NIL on YES Private. ₹100 + GST per redemption request on Marquee, Reserv and every other variant. A convenience fee of ₹99 + GST applies to flight bookings on top. |
| GST | 18% on all fees, interest and charges. |
Is the YES BANK MARQUÉE Credit Card Worth It?
4.5% online is the highest published earn rate in YES BANK's range and among the highest in this dataset — at the flights-and-hotels rate. As statement credit it is 1.8%.
The accelerated bands are capped at 1,00,000 points a statement cycle — ₹25,000 of value, binding at roughly ₹5.5 lakh of online spending a month.
The 1% foreign markup is second-lowest in the range and did not rise in June 2026 when most of the range did.
The 40,000-point joining benefit has a condition worth reading. YES pays it only after the membership fee is settled, and states plainly that a cardholder who does not pay by the due date gets no points at all.
The foreign currency markup is 1.0%.
Domestic and international lounge access is included.
Frequently Asked Questions (FAQs)
Is there a cap on MARQUÉE reward points? Yes — 1,00,000 YES Rewardz Points per statement cycle, worth ₹25,000 at the flights-and-hotels redemption rate.
When do I get the 40,000 joining points on MARQUÉE? After the membership fee is paid. YES states that if the fee is not settled by the payment due date, no joining points are awarded at all.
What is a YES Rewardz Point worth? Between ₹0.10 and ₹0.25 depending on how you redeem. Flight and hotel bookings pay ₹0.25 — the maximum on every variant — while statement credit pays ₹0.10. E-gift vouchers pay ₹0.15 on YES Private and Marquee, ₹0.10 elsewhere.
Is there a fee to redeem YES BANK reward points? ₹100 plus GST per redemption request on every card except YES Private, where it is nil. A further ₹99 plus GST convenience fee applies to flight bookings. A minimum of 2,000 points is required for any redemption, and points expire after 36 months.
What does not earn reward points on YES BANK cards? Since 15 June 2026: rental, wallet, fuel, government and marketing or advertising transactions, cash withdrawals, and Post Purchase EMI and Instant EMI. Utilities, insurance and education fall into YES's 'Select categories' and earn the card's lowest band rather than nothing.
Cards Mentioned in This Article
