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Another Credit Card from Yes Bank Stable. Yes Bank Prosperity cashback plus card is a Mastercard platinum card.

  • Annual Fees: ₹.1500
  • Welcome benefits: ₹.250 cashback on spending ₹.2500 within 30days of card setup.
  • 5% Cashback on movie tickets bookings. Min spend ₹.500 max cashback ₹.100
  • 5% Cashback on grocery shopping. Min spend ₹.500 max cashback ₹.100
  • 5% Cashback on Utility bill payments via Yes Paynow. Min spend ₹.500 max cashback ₹.100
  • 0.75% Cashback on all Other retails spends (non fuel transactions).
  • ₹1 lac credit shield.
  • Max cashback of ₹.125 in a billing cycle. what?

I think this card is to compete against Citibank cashback card. However annual fees is not justified in comparison to the benefits offered.

₹.1500 is max cashback you can earn in year &  you pay ₹.1500 annual fees on this so where is the value?

What was Yes bank thinking to launch a product like this? Atleast put in some spend based waiver for annual fee. Even I earn full Rs.1500 cashback which equals annual fees. Still I am paying service tax on that annual fees from pocket.

Verdict: Consider it a card without any reward.
Instead you’ll be paying from pocket to use this card. Get it only if annual fee is waived.
Better get a secured card like Yes Preferred secure card or SBI Prime advantage card.