Sep 22, 2017 02:06 AM
18626 Views
Yes Bank! Big Name and Fame in the market. I've applied for a credit card and executive told me about the benefits of applying for the card, just for convincing me nothing else.
She explained their few highlighted benefits such as:
-Lifetime Free Card
-Priority Pass and Lounge Access at Airport
-Waiver on Golf Courses and Classes
-Get the limit of 2 Lacs. because this is the minimum limit we providing.
-1500 Bonus Reward points on spends of 7500 within first 30 days.
-Fuel surcharge waiver 2.50%
-Insurance Coverage(Accidental Deat 50 Lacs. and Emergency Hospitalization up to 15 Lacs.)
Now, just talking about the Facts. Except for the 2nd point and 3rd point(For Rich peoples only), All have the shocking hidden things which is indirectly pull you to taking the benefits.
Lifetime Free Card: Not mentioned anywhere on the letter or the booklet. It can be waived off if you spend 5000 in the first year and 15000 in coming years respectively.
Limit 2 Lacs: What I got, just 40000.
1500 Bonus Reward Points: Yes, they will giving but only retail purchase, not on paying bills or online purchase etc.
Fuel Surcharge waiver up to 2.50%: You the funniest part. Let me tell you, This is having capped of Rs.250 only and the minimum fuel of Rs.400 you have filled in a one time.
Insurance Coverage: HEIGHTS. Giving you an Accidental and Health Insurance, No Doubt but the only conditions are:
Air Accidental Insurance coverage of 50 Lacs IF you purchased the FLIGHT ticket with the same card.
Emergency Hospitalization of up to 15 Lacs IF you are traveling and the FLIGHT tickets were purchased from the same card.
They also covered outstanding bill of up to 2.50 Lacs. in case the primary cardmember will be passed away in Accident. Someone, please ask them. Limit giving you just 40000, how can be outstanding will reach to till 2.50 Lacs.
I've shared some pics of the T&Cs I've received with the card.
Please Don't Trust them and ask them to give all the benefits in writing with their EMP codes. Even on the verification call, they telling you the benefits without the complete T&Cs #Beware
