Overview
The YES Bank Paisabazaar PaisaSave Credit Card is a co-branded cashback card designed for smart shoppers who frequently use online platforms and UPI. It offers substantial cashback on online transactions and simplified rewards, making it suitable for moderate spenders who want everyday savings with no joining fee.
| Feature | Details |
|---|---|
| Card Type | Cashback Credit Card (RuPay & Mastercard) |
| Joining Fee | Nil |
| Annual Fee | ₹499 + GST (waived if spends ≥ ₹1.2L) |
| Cashback (Online) | 3% (₹5,000 monthly cap) |
| Cashback (Offline/UPI) | 1.5% unlimited |
| Fuel Surcharge Waiver | 1% |
| Foreign Transaction | ~3.4% markup |
| Interest Rate | 3.80% per month (~45.6% p.a.) |
| Eligibility | 21–60 years, salaried/self-employed |
| Application | Online via YES Bank or Paisabazaar |
Key Features
- Card Type: Cashback Credit Card (RuPay & Mastercard variants)
- Joining Fee: Nil
- Annual Fee: ₹499 + GST
- Waived if annual spends exceed ₹1.2 lakh
- Network: RuPay (virtual) and Mastercard (physical)
Cashback Benefits
- Online Spends:
- 3% cashback (6 points per ₹200) on top merchants like Amazon, Flipkart, Zomato, Swiggy, Myntra, etc.
- Monthly cap on 3% rate is ₹5,000; beyond that, 1.5% applies
- Offline & UPI Spends:
- 1.5% cashback (3 points per ₹200) with no monthly cap
- Fuel Surcharge Waiver: 1% on fuel transactions (conditions apply)
- Reward Redemption:
- 1 point = ₹1, can be redeemed directly as statement credit
Fees & Charges
| Fee Type | Details |
|---|---|
| Joining Fee | ₹0 |
| Annual Fee | ₹499 + GST (waived on ₹1.2L spends) |
| Foreign Markup | ~3.4% |
| Interest Rate | 3.80% per month (~45.6% p.a.) |
| Cash Advance Fee | ₹399 or 2.5% |
| Wallet Loading | 1% fee or ₹1 minimum |
| Utility Payments | 1% fee on spends above ₹15,000 |
| Rent Payments | 1% fee or ₹199 minimum (max 3/month) |
Eligibility Criteria
- Age: 21 to 60 years
- Employment: Salaried or self-employed
- Minimum Income: ₹25,000 monthly salary or ₹5 lakh annual income
- Credit Score: Generally 700+ preferred
Application Process
- Visit Paisabazaar or YES Bank’s official website
- Locate the PaisaSave Credit Card and click “Apply”
- Fill in personal and financial details
- Upload required documents (PAN, Aadhaar, income proof)
- On approval:
- Receive a virtual RuPay card instantly
- Physical Mastercard card delivered later
Note: Only Mastercard variant spends count toward annual fee waiver.
Pros and Cons
Pros:
- High cashback on online and UPI spends
- Unlimited 1.5% offline cashback
- Simple redemption process (₹1 = 1 point)
- No joining fee
Cons:
- Customer complaints about unsolicited applications via OTP
- Foreign transaction fee is high
- Cashback cap on 3% category
- Some users experience excessive promotional calls
Final Verdict
The YES Bank PaisaSave Credit Card is a value-packed cashback card for those who shop online frequently and use UPI. The reward structure is generous, and the low annual fee is easily avoidable. Just make sure to apply through secure channels and use the Mastercard variant for meeting the waiver threshold.