New 'PaisaSave' Cashback Credit Card Launched by YES BANK and Paisabazaar

VarahiMedia.com online news,Mumbai, September 19, 2024: Paisabazaar, India’s largest online marketplace for consumer credit and free credit score services, has joined forces with YES BANK, the sixth-largest private sector bank in India, to introduce their co-branded credit card – the YES BANK Paisabazaar PaisaSave Credit Card.

The PaisaSave Credit Card is tailored to reward frequent shoppers by providing substantial cashback on everyday purchases, both online and offline, making it an essential choice for value-conscious customers.

Key Features of the PaisaSave Credit Card Include:

3% Cashback: Earn 3% cashback* on online purchases across popular platforms, including Amazon, Myntra, Flipkart, Nykaa, Swiggy, Zomato, Tata Cliq, Ajio, and more.
Monthly Cashback Limit: After reaching a monthly cashback limit of INR 5,000 on online transactions, users will continue to receive 1.5% cashback* on further online purchases.
Unlimited 1.5% Cashback: Enjoy unlimited 1.5% cashback* on all offline purchases, including in-store transactions.
Fuel Surcharge Waiver: Benefit from a 1%* waiver on fuel surcharges at all fuel stations.

The PaisaSave Credit Card provides an effortless way for customers to save while they spend, particularly on online transactions where cashback is enhanced to 3%. Whether shopping on popular e-commerce sites or making payments at physical stores, the card guarantees consistent savings through its unlimited cashback feature.

Additionally, customers have the option to apply for a virtual YES BANK Rupay Credit Card, enabling seamless UPI payments and further enhancing the card’s utility.

The card comes with no joining fee, and the annual fee of INR 499 can be waived off from the second year if users meet the spending threshold of INR 1.2 lakh in the preceding year, making the PaisaSave Credit Card an economically viable choice for regular shoppers.

Mr. Anil Singh, Country Head – Credit Cards and Merchant Acquiring at YES BANK, stated, “Our partnership with Paisabazaar aims to offer a credit card that fulfills the everyday needs of today’s consumers. The PaisaSave Credit Card provides cashback benefits for both online and offline transactions, helping customers save more on their regular purchases.

By merging YES BANK’s financial expertise with Paisabazaar’s digital reach, we have developed a simple yet effective solution to enhance the overall banking experience for our users.”

Mr. Naveen Kukreja, Co-founder & CEO of Paisabazaar, added, “Our collaborative strategy continues to evolve as we deepen partnerships within the ecosystem and enhance our pipeline of superior digital-only products that address gaps across consumer segments.

Our latest offering with YES BANK is another step in this direction. The co-created PaisaSave card is designed for the new and young Bharat, making online purchases a rewarding experience for this aspirational and digitally-savvy segment.”

*For further details please visit our website https://www.yesbank.in/personal-banking/yes-individual/cards/credit-cards/paisabazaar-credit-card