How does automatic EMI conversion work on this card?

Transactions above a pre-set value convert to EMIs automatically. The product page states an interest rate of 18% a year and a processing fee of 1% of the transaction amount, with tenures from three to twelve months.

Do EMI-converted transactions earn cashback?

No. The 1% cashback, capped at ₹500 a month, applies only to transactions that are not converted into EMIs.

Entry-LevelEntryMastercardVisa

YES Bank EMI Credit Card

Automatic EMI conversion with cashback on the rest

Annual fee₹499

Rewards1%Cashback

Forex markup3.5%3.50% on foreign currency conversion

Apply Now Check Eligibility →

Secure · Free · No spam calls

Rewards

Base earn rate

1% cashback, up to ₹500 a month, on transactions that are not converted into EMIs.

• Redemption fee: ₹100

Fees & charges

Joining fee: ₹499 plus applicable taxes for cards onboarded on or after 28 August 2024
Annual / renewal fee: ₹499 plus applicable taxes for cards onboarded on or after 28 August 2024. Cards onboarded between 1 July 2022 and 28 August 2024 carry ₹749 plus taxes, and older cards keep the fee applicable when they were issued.
Interest rate: 3.99% per month (47.88% per annum) on revolving credit, cash advances and overdue amounts
Interest-free period: 50 days
Cash advance fee: 2.5% of the amount withdrawn or ₹500, whichever is higher
Overlimit fee: Not applicable. YES Bank discontinued the overlimit facility with effect from 1 May 2025; transactions above the sanctioned limit are declined instead of being charged.
Payment dishonour: ₹450 per returned cheque. Auto-debit failure is charged at 2% or ₹450, whichever is higher, capped at ₹1,500 per customer per statement.
Forex markup: 3.50% on foreign currency conversion
DCC markup: 1%
Reward redemption: ₹100 per redemption
Fuel surcharge: 1% waiver, on ₹400–₹5000 txns, max ₹250/cycle
Duplicate card: ₹100

Late payment

Nil while the current outstanding (statement balance plus unbilled) is ₹500 or less. Above that, 10% of the statement balance or ₹1,350, whichever is lower, per statement.

View official MITC →

Eligibility

Income (salaried): Net salary of ₹25,000 a month, or an income tax return of ₹7,50,000 and above
Income (self-employed): ₹7.5L/year

Employment types

SalariedSelf-Employed

Features

✓ Contactless✓ Chip & PIN✓ International usage

Additional features

Automatic conversion of transactions above a pre-set value into EMIs
EMI interest of 18% a year with a 1% processing fee on the converted amount
Cashback on transactions left outside EMI conversion
Fuel surcharge waiver on transactions between ₹400 and ₹5,000

FAQs

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Entry-LevelEntryMastercardVisa

YES Bank EMI Credit Card

Automatic EMI conversion with cashback on the rest

Annual fee₹499

Rewards1%Cashback

Forex markup3.5%3.50% on foreign currency conversion

Apply Now Check Eligibility →

Secure · Free · No spam calls

Rewards

Base earn rate

1% cashback, up to ₹500 a month, on transactions that are not converted into EMIs.

• Redemption fee: ₹100

Fees & charges

Joining fee: ₹499 plus applicable taxes for cards onboarded on or after 28 August 2024
Annual / renewal fee: ₹499 plus applicable taxes for cards onboarded on or after 28 August 2024. Cards onboarded between 1 July 2022 and 28 August 2024 carry ₹749 plus taxes, and older cards keep the fee applicable when they were issued.
Interest rate: 3.99% per month (47.88% per annum) on revolving credit, cash advances and overdue amounts
Interest-free period: 50 days
Cash advance fee: 2.5% of the amount withdrawn or ₹500, whichever is higher
Overlimit fee: Not applicable. YES Bank discontinued the overlimit facility with effect from 1 May 2025; transactions above the sanctioned limit are declined instead of being charged.
Payment dishonour: ₹450 per returned cheque. Auto-debit failure is charged at 2% or ₹450, whichever is higher, capped at ₹1,500 per customer per statement.
Forex markup: 3.50% on foreign currency conversion
DCC markup: 1%
Reward redemption: ₹100 per redemption
Fuel surcharge: 1% waiver, on ₹400–₹5000 txns, max ₹250/cycle
Duplicate card: ₹100

Late payment

Nil while the current outstanding (statement balance plus unbilled) is ₹500 or less. Above that, 10% of the statement balance or ₹1,350, whichever is lower, per statement.

View official MITC →

Eligibility

Income (salaried): Net salary of ₹25,000 a month, or an income tax return of ₹7,50,000 and above
Income (self-employed): ₹7.5L/year

Employment types

SalariedSelf-Employed

Features

✓ Contactless✓ Chip & PIN✓ International usage

Additional features

Automatic conversion of transactions above a pre-set value into EMIs
EMI interest of 18% a year with a 1% processing fee on the converted amount
Cashback on transactions left outside EMI conversion
Fuel surcharge waiver on transactions between ₹400 and ₹5,000

YES Bank EMI Credit Card

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YES Bank EMI Credit Card

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