YES Bank has launched two exclusive co-branded credit cards — the YES Bank ANQ Pi credit card and the YES Bank ANQ Phi credit card in collaboration with ANQ.
Introducing the YES Bank ANQ Credit Cards
As per the press release by ANQ, a financial service provider, this strategic alliance aims to bridge the gap between conventional banking and the fintech industry, offering innovative solutions to cater to evolving consumer needs.
The Country Head of Credit Cards and Merchant Acquiring at YES BANK, Anil Singh has highlighted that features of these two new credit cards.
Described as a virtual RuPay credit card, facilitating seamless credit transactions on UPI platforms such as BHIM, PhonePe, Google Pay, Cred, and Paytm, YES Bank ANQ Pi credit card is described as a virtual RuPay credit card.
Users can earn 8 reward points for every UPI transaction above Rs 200 and two reward points for all other online transactions, with a monthly cap of 5,000 reward points.
In addition to this, these reward points can soon be redeemed on ANQ for assets like digital gold or ANQ coins, and there are no joining or annual fees for this card.
Notably, it is complimentary and issued against the YES BANK ANQ Phi credit card.
Introducing the YES Bank ANQ Phi Credit Card
Powered by the Mastercard network, the YES Bank ANQ Phi credit card offers rewards across various categories including dining and travel.
For every transaction above Rs 200 at supermarkets, department stores, flights, and hotels, users can earn 24 reward points.
Just alike the Pi card, the reward points can soon be redeemed on ANQ for assets like digital gold or ANQ coins. There is no cap on the reward points for the phi card unlike the Pi card.
There is no joining fee, and for annual spends up to Rs 1.2 lakh, an annual fee of Rs 499 applies, while exceeding this threshold eliminates the annual fee.
