Discover the CreditPay Yes Bank ACE Credit Card offering lifetime free benefits, unlimited 2% cashback on UPI Scan & Pay, rewards on online & offline spends, and real cash redemption. Perfect add-on for daily UPI transactions.
CreditPay Yes Bank ACE Credit Card Review – Unlimited Cashback on UPI & Scan and Pay
Introduction
Rupee-based credit cards have become a must-have requirement in today’s lifestyle. While most of us have shifted from cash to UPI payments for our day-to-day expenses, UPI transactions usually don’t provide any cashback or rewards.
But what if you could continue using UPI and still earn rewards, cashback, and real savings? That’s exactly where the CreditPay Yes Bank ACE Credit Card comes in. This lifetime free credit card is designed to give unlimited 2% cashback on UPI Scan & Pay transactions made through the CreditPay app, along with additional benefits on fuel, utility, online, and offline spends.
Let’s dive deep into the features, eligibility, rewards, and why this card can be a strong add-on for your wallet.
Key Highlights of CreditPay Yes Bank ACE Credit Card
- Lifetime Free (when applied via CreditPay app)
- Joining Fee: ₹499 + GST (waived if applied via CreditPay app)
- Welcome Bonus: ₹1,000 CreditPay Cash (credited to CreditPay wallet after activation)
- Renewal Fee: Nil (Lifetime Free through CreditPay app)
- Unlimited 2% Cashback on UPI merchant payments via CreditPay app
- Additional Rewards: Yes Bank Reward Points on online, offline & utility spends
- Fuel Surcharge Waiver: 1% surcharge waiver + 2% cashback (effective 3% benefit)
Eligibility Criteria
- Age Requirement: 21 – 60 years
- For Salaried: Minimum ₹25,000 per month income (₹3 lakh per year)
- For Self-Employed: Minimum ITR of ₹7.5 lakh per year
- Credit Score: Ideally 720+ CIBIL
- Note: If you already hold a Yes Bank credit card, you may not be eligible for this card
Rewards & Cashback Structure
1. Online Transactions
- Earn 8 Yes Bank Reward Points on every ₹200 spent
2. Offline Transactions
- Earn 4 Yes Bank Reward Points on every ₹200 spent
3. Utility, Insurance & Government Services
- Earn 2 Yes Bank Reward Points on every ₹200 spent (including government tax payments and insurance premium payments)
4. UPI Scan & Pay via CreditPay App
- Unlimited 2% Cashback credited as CreditPay Cash in your wallet
- Works even for fuel transactions, with an added 1% surcharge waiver (effective 3% cashback)
- Eligible only when payments are made through CreditPay app, not via PhonePe, Google Pay, or others
Rewards Redemption Options
Yes Bank Reward Points
- Redeem on the Yes Bank Rewards Portal for vouchers, travel, lifestyle, and more
CreditPay Cash
- Convert to Real Cash: By using it on bill payments (₹10 real cashback for every ₹10 CreditPay Cash)
- Discounted Vouchers: Redeem for Amazon, Flipkart, Swiggy, Zomato, PVR, MakeMyTrip & more
- Amazon/Flipkart – up to 6% discount
- Swiggy, Zomato, Myntra – up to 12% discount
- PVR, Domino’s, MakeMyTrip – up to 24% discount
- Up to 100% redemption possible in select cases
Why Choose CreditPay Yes Bank ACE Credit Card?
✅ Unlimited Cashback on UPI – No upper cap unlike most RuPay-based credit cards
✅ Fuel Transactions Covered – 2% cashback + surcharge waiver
✅ Lifetime Free – Zero joining and renewal charges (when applied via CreditPay app)
✅ Convert Cashback to Real Cash – Unlike many cards that only allow voucher redemptions
✅ Perfect Add-On Card – Even if you hold premium cards, this card ensures unlimited cashback on UPI
Drawbacks to Consider
❌ No rewards on certain excluded transactions (list provided in T&Cs)
❌ Cannot apply if you already have a Yes Bank credit card
❌ Cashback available only when UPI payments are made via the CreditPay app
Final Verdict
The CreditPay Yes Bank ACE Credit Card is one of the most user-friendly UPI-based credit cards in India. Its unlimited 2% cashback on UPI merchant payments, lifetime free status, and the ability to convert CreditPay Cash into real cash make it stand out from other RuPay credit cards.
If you’re someone who uses UPI regularly for shopping, dining, groceries, or even fuel payments, this card can help you save real money every single day. It might not replace premium cards like ICICI Emeralde or Axis Magnus, but it can definitely be a powerful add-on card for maximizing cashback on UPI transactions.