Yes Bank, a key player in the banking industry, and has previously launched a number of innovative products including healthcare credit cards, however, the latest launch by Yes Bank in form of Yes Bank Anq Pi Credit Card is extremely disappointing. Yes Bank has apparently introduced the ANQ PI Credit Card, a product that aims to cater to the diverse needs of professionals, however, in our view it fails to do so. In this editorial piece, we delve into the features and perks of this credit card to help you determine if it aligns with your financial goals.
Target Audience
The Yes Bank ANQ PI Credit Card has been launched keeping in mind professionals who values efficiency and convenience in their financial transactions.
Key Features of the ANQ PI Credit Card
1. Rewards Program
The ANQ PI Credit Card entitles you to a rewards program that rewards your spending habits. You earn reward points on every transaction, whether it's for business essentials or personal indulgences. The detailed reward program is as follows: On every INR 200 spent on UPI transactions above INR 2000 you can earn 4 YES Reward Points, and on every INR 200 spent on all other online spent you can earn 2 YES Reward Points. Value of 1 RP = 0.25 paisa. UPI Cashback Rate: 0.5%. Online Cashback Rate: 0.25%.
2. Contactless Payments
The ANQ PI Credit Card offers contactless payment options, allowing you to make secure transactions with just a tap. However, it is important to note that this is a standard feature in case of most credit cards in India and there is nothing new or innovative about this feature.
3. Value Add Benefits
There are no value add benefits with this credit card. No airport lounge access, no complimentary travel insurance, or discounts on flight bookings and hotel stays.
Is the Yes Bank ANQ PI Credit Card Right for You?
Yes Bank ANQ PI Credit Card can be recommended only for individuals looking for a beginner level credit card. The cards lacks features with are now considered standard for credit cards such as free airport lounge visit and cashback on dining and movies.
You can read a more detailed review of the card here:
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