How is cashback credited on the PaisaSave card?

As reward points. 6% cashback equals 12 reward points per ₹200 spent on dining and travel, and 1% equals 2 points per ₹200 on other spends. Points redeem against statement credit at 1:1 with no conversion charge.

When is the renewal fee charged?

It is waived on retail spends of ₹1,20,000 in a card anniversary year; otherwise ₹499 plus taxes applies. Lifetime-free issues carry no renewal fee.

CashbackEntryVisa✦ Paisabazaar

YES Bank Paisabazaar PaisaSave Credit Card

Accelerated cashback on dining and travel

Annual fee₹499Waived on ₹1.2L spend

Rewards1%Cashback

Forex markup3.4%3.40% on foreign currency conversion

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Rewards

Base earn rate

Cashback paid as reward points: 12 points per ₹200 on dining and travel, which the bank describes as 6% cashback, and 2 points per ₹200 on other spends, described as 1%.

YES Rewardz

Category	Rate	Cap
Dining And Travel	—	—
Other Spends	—	—

Fees & charges

Joining fee: Nil
Annual / renewal fee: ₹499 plus applicable taxes on renewal
Annual fee waiver: The renewal fee is waived on retail spends of ₹1,20,000 in a card anniversary year, which also waives the following year’s renewal. Cards issued as lifetime free carry no renewal fee.
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Cash advance fee: 2.5% of the amount withdrawn or ₹500, whichever is higher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: 3.40% on foreign currency conversion
DCC markup: 1%
Reward redemption: ₹0 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

Accelerated cashback on dining and travel spends
Cashback credited as points that redeem against the statement 1:1
Fuel surcharge waiver of up to ₹250 on transactions between ₹400 and ₹5,000
Renewal fee waived at an annual spend threshold

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