Yes Bank Credit Card users alert! Rewards program becomes even more rewarding - What cardholders should know

In a bid to make its Credit Card Rewards Program even more rewarding and in line with the focus on customer-centric innovations, YES BANK introduced a host of new features. The new features, among others, include sharing of reward points - a first in the Indian Banking industry. This enables YES BANK Credit Cardmembers to now spread the festive joy by sharing their credit card reward points with their friends and family*.

Other exciting features and benefits allow Cardmembers to:

- Redeem credit card reward points against statement outstanding**

- Redeem reward points in combination with balance payments through YES BANK Credit Card **

- Never expiring reward points

- Reward Points on wallet reload and payment of insurance premiums

- Zero convenience fee on flight ticket bookings through YES Rewardz

- Accelerated reward points on select categories – Travel, Dining, Grocery**

Commenting on the development, Rajanish Prabhu, Business Head – Credit Cards & Merchant Acquisition, YES BANK said, “We are pleased to introduce this industry-first feature that allows sharing of reward points among the Bank’s Credit Cardmembers and believe this will be a game changer in the Credit Card industry in the country. The other exciting features across categories such as travel, dining, among others, will further enhance the experience through added rewards and value. We look forward to delivering a differentiated rewards experience and unique benefits when using our services.”

* The rewards points can only be shared with YES BANK Credit Cardmembers
** On select Credit Card variants.

Recently, Yes Bank had reported a net profit of Rs 129 crore for the July-September quarter. During the corresponding quarter of the last financial year (2019-20), the bank had reported a loss of Rs 600 crore. The net interest income of the restructured bank increased 3.4 per cent on quarter on quarter basis to Rs 1,973 crore.

As of September end, the bank's gross non-performing asset (GNPA) stood at 16.9 per cent, down from 17.3 per cent in the previous quarter. Its net NPA was 4.71 per cent against 4.96 per cent in the previous quarter.