FinBooster: YES BANK - BankBazaar Co-branded Credit Card - In-Depth Review

FinBooster: YES BANK - BankBazaar Co-branded Credit Card - A Detailed Review

Illustrative image of a co-branded credit card.

The FinBooster YES BANK - BankBazaar co-branded credit card offers a unique blend of rewards and credit-building tools. This in-depth review will explore its features, benefits, drawbacks, and help you determine if it's the right card for you.

Key Features and Benefits

• Lifetime Free: No joining fee or annual fee.
• CreditStrong Subscription: Includes a free, lifetime subscription to CreditStrong, a credit fitness report with a real-time dashboard to track spending and monitor your credit score.
• Reward Points Sharing: Share earned reward points with family and friends.
• Fuel Surcharge Waiver: 1% fuel surcharge waiver on transactions between ₹400 and ₹5,000.
• Accelerated Rewards: Earn accelerated reward points on online dining, grocery, and apparel purchases.
• Accidental Death Cover: ₹2.5 lakhs credit shield cover in case of the primary cardholder's accidental death.

Reward Point Structure

Spending Category	Spend per Point	Points per ₹200
Online Dining	₹200	10
Online Grocery & Apparel	₹200	6
Other Retail Spends (except fuel)	₹200	2

Note: Reward points are valid for 36 months from the date of accrual. As of March 7th, 2024, no reward points are earned on rental and wallet spends.

Fees and Charges

Fee Type	Amount	Notes
Joining Fee	₹0
Annual Fee (1st Year & Renewal)	₹0	Lifetime free
Rent Payments	Min. 1% of transaction value or ₹1, whichever is higher, capped at 3 transactions per 30 days
Wallet Transactions	Min. 1% of transaction value or ₹1, whichever is higher
Foreign Currency Markup	3.40%

Use Cases and Recommendations

Let's illustrate how the FinBooster card can benefit different users:

User Type	Spending Scenario	Estimated Rewards
Online Shopaholic	₹5,000 on online apparel, ₹3,000 on online grocery, ₹2,000 on online dining	(₹5000/200)*6 + (₹3000/200)*6 + (₹2000/200)*10 = 150 + 90 + 100 = 340 points (₹51)
Casual Diner	₹1,000 on online dining	(₹1000/200)*10 = 50 points (₹7.50)
Grocery Buyer	₹2,000 on online groceries	(₹2000/200)*6 = 60 points (₹9)

FinBooster Credit Card rewards illustration.

Drawbacks

• Reward Point Expiry: Reward points expire after 36 months.
• No Reward Points on Certain Spends: No reward points are earned on rental and wallet transactions (as of March 7, 2024).
• Utility Transaction Charges: A 1% charge applies to utility transactions exceeding ₹15,000 per month.

Recommendation

The FinBooster YES BANK - BankBazaar co-branded credit card is an excellent option for individuals who primarily shop online and value a lifetime free card with a built-in credit-building tool. The reward structure is competitive, especially for online dining and shopping. However, the expiry of reward points and the lack of rewards on certain spending categories should be considered.

Apply now for the FinBooster YES BANK - BankBazaar co-branded credit card and start reaping the rewards!

For comparison, you can also check out other options like Apply now Flipkart Axis bank credit card.