Yes Bank Adds Fuel Cashback Category to Its Credit Cards

Yes Bank Introduces Fuel Cashback to Reward Everyday Commuters

Yes Bank has announced an upgrade to its credit card portfolio, adding a dedicated fuel cashback category for all cardholders.
This move aims to make daily commuting more rewarding for customers at a time when fuel prices continue to impact household budgets.

Under this new feature, Yes Bank credit card users can now earn up to 5% cashback on fuel spends made at select petrol pumps across India.
The offer is available across multiple Yes Bank cards, including Yes Prosperity, Yes First, and Yes Premia variants.

According to Yes Bank, this update aligns with its goal of making card benefits more practical and relevant to everyday spending habits of Indian consumers.

Key Highlights of the New Fuel Cashback Program

Here’s a closer look at the details of the new cashback structure:

• Up to 5% Cashback: Earn 5% cashback on fuel transactions made at HPCL, BPCL, and IOCL outlets using Yes Bank credit cards.
• Available Across Cards: Applies to Yes Prosperity, Yes First, and Yes Premia credit cards.
• Monthly Cashback Cap: ₹250–₹500 per month depending on the card type.
• Minimum Transaction: Eligible for transactions of ₹400 and above.
• Automatic Rewarding: Cashback is directly credited to the cardholder’s account in the next billing cycle.
• No Enrollment Required: Customers don’t have to register separately to avail this offer.

This new feature replaces the earlier fuel surcharge waiver with a direct cashback model, providing instant value to users rather than indirect savings.

Cards Eligible for the Fuel Cashback Category

Yes Bank has rolled out the new benefit across several of its popular credit cards, ensuring that both entry-level and premium customers can take advantage.

1. Yes Prosperity Rewards Plus Credit Card

• Up to 3% cashback on fuel spends
• 4 Reward Points per ₹100 spent on groceries and dining
• Complimentary domestic lounge access (2 visits per quarter)
• Annual fee: ₹399 (waived on spends above ₹1 lakh per year)

2. Yes Premia Credit Card

• 5% cashback on fuel spends up to ₹500 per month
• Complimentary airport lounge access (domestic and international)
• 8 Reward Points per ₹100 on travel and dining spends
• 1% fuel surcharge waiver across all pumps
• Annual fee: ₹999 (waived on annual spends of ₹2 lakh)

3. Yes First Exclusive Credit Card

• 5% cashback on fuel + 10,000 bonus points on annual renewal
• Complimentary golf privileges and Priority Pass membership
• 1.5X Reward Points on travel and lifestyle categories
• Annual fee: ₹9,999 (with welcome bonus vouchers worth ₹10,000)

The bank has clarified that existing customers will automatically receive this new benefit on their next billing cycle without needing to apply for a new card.

Why Yes Bank Introduced This New Feature

The move comes as part of Yes Bank’s effort to simplify reward structures and provide value for everyday expenses.
Fuel is one of the most common categories of spend for Indian cardholders, yet few banks provide meaningful cashback beyond surcharge waivers.

By adding direct cashback on fuel, Yes Bank is addressing a high-demand category and offering a transparent, easy-to-understand benefit.

A Yes Bank spokesperson said,

“We recognize that fuel spends form a large part of monthly budgets for many of our customers. This cashback model helps them save instantly while making routine purchases.”

The initiative is also expected to increase customer engagement and card usage frequency, especially among working professionals and business travelers.

How It Compares with Other Banks

Several banks in India already offer fuel-related benefits, but Yes Bank’s cashback structure gives it an edge over traditional surcharge waivers.

Compared to others, Yes Bank’s approach is simpler and more flexible, as the cashback works on multiple fuel brands and is automatically credited without partner restrictions.

How to Maximize Benefits on Fuel Spends

Here are a few ways customers can make the most of this new cashback benefit:

1. Use the Card Exclusively for Fuel: Consolidate all fuel purchases on your Yes Bank card to reach the monthly cashback cap.
2. Choose the Right Card: If you travel frequently, the Yes Premia or Yes First cards provide higher cashback and additional lounge benefits.
3. Check Transaction Amounts: Make sure each transaction is above ₹400 to qualify for cashback.
4. Monitor Cashback Credits: Verify cashback amounts in your monthly statement under “Fuel Cashback.”
5. Pair with Reward Categories: Combine fuel cashback with other bonus categories (like travel or dining) to maximize total monthly savings.

Customer Reactions and Market Impact

Early responses from Yes Bank customers have been positive, particularly from urban and semi-urban areas where daily commutes are frequent.
Commuters appreciate the direct cashback system instead of waiting for reward redemption.

Financial analysts believe this move could help Yes Bank increase its credit card spending share, which has been growing steadily in 2025.

“This update brings Yes Bank closer to competitors like Axis and ICICI, who already target everyday categories such as fuel and groceries,” says Ananya Sharma, a credit card expert at FinTrends India.

She adds,

“The simplicity of cashback instead of complex reward systems appeals to younger users and first-time cardholders.”

Future Plans and Expansion

Yes Bank is reportedly planning to extend this cashback model to other everyday categories such as utility payments, public transport, and EV charging stations.

The bank’s broader goal is to position its credit cards as daily-use financial tools rather than occasional premium products.
This reflects a larger shift in India’s credit card market, where issuers are emphasizing value-based everyday rewards over luxury perks.

Who Should Apply for Yes Bank Credit Cards Now

The new fuel cashback benefit makes Yes Bank credit cards a good fit for:

• Office commuters who spend regularly on petrol or diesel.
• Small business owners using vehicles for logistics or deliveries.
• Frequent travelers who prefer cashback over reward points.
• Students and professionals who want a simple, transparent card with easy savings.

For those who already own a Yes Bank card, no separate registration or upgrade is needed — the new feature will apply automatically.

Bottom Line

The addition of a fuel cashback category across Yes Bank credit cards is a welcome step that brings real-world value to everyday users.

It reflects the bank’s focus on practical benefits, simplicity, and digital convenience — offering savings on one of the most consistent expenses for Indian consumers.

Whether you’re a daily commuter or someone who travels long distances, the new feature ensures you earn while you spend, turning every trip to the fuel station into a rewarding experience.