Yes Bank Launches Credit Card In Partnership With Bank Bazaar That Allows Tracking Of Credit Worthiness

Yes Bank launched the bank card in partnership with BankBazaar.com

YES Bank launched a brand new bank card 'FinBooster' in partnership with BankBazaar.com, which permits credit score worthiness monitoring for purchasers. The co-branded bank card is constructed round credit score health tracker and can help prospects in enhancing their rating on the idea assessment of things impacting their credit score rating, in accordance with a latest assertion shared by YES Bank.

The monitoring of credit score rating can be completed by an intuitive CreditSturdy app subscription (credit score health report), which is complimentary for the cardholder for the primary 12 months.

"The most recent edition of the BankBazaar Aspiration Index revealed that while close to 90 per cent people knew what credit score was, less than 70 per cent could accurately point out the impact of their financial habits on their credit scores. This was the gap we saw among 22-45-year-old salaried professionals,'' said Mr Adhil Shetty, CEO - BankBazaar.com.

''If we consider the wider population that uses cards, the misconception around credit score is much higher. With the YES BANK-BankBazaar FinBooster card, we are trying to bridge that gap by arming users with a card that doubles-up as an advisor on credit health and management,'' added Mr Shetty.

The credit card offers never expiring rewards points with no capping on the accrual. Customers can earn accelerated rewards points on online dining, grocery and apparel purchases which can be easily redeemed for more than 250 catalogue products.

The credit card will allow customers to share reward points with their family and friends - passing on the benefit to their near and dear ones.

"....Finbooster in partnership with BankBazaar is one other step in our endeavour to reinforce buyer expertise whereas strengthening our bank cards portfolio.

Designed to advertise credit score well being, the cardboard empowers prospects to spice up their credit score worthiness whereas persevering with to earn rewards factors by on a regular basis spends throughout manufacturers and retailers,'' mentioned Mr Rajanish Prabhu, Head - Credit Cards and Merchant Acquisition.

On Friday, October 29, shares of YES Bank settled 0.47 per cent increased at Rs 12.80 apiece on the BSE.