YES Bank Collaborates with ANQ to Launch Pi and Phi Credit Cards

YES Bank has partnered with ANQ to introduce two innovative credit cards, Pi and Phi, aiming to blend traditional banking with fintech solutions. The Pi card offers digital-only credit on UPI for domestic transactions, while the Phi card provides physical access for both domestic and international purchases.

Key Features of YES Bank ANQ Pi Credit Card

• Digital-Only Convenience: Seamless credit transactions on UPI for domestic purchases.
• No Joining Fees: Easy access without any upfront charges.
• Reward Points: Earn 8 reward points on UPI transactions above Rs 2000, coupled with RuPay Platinum Benefits.
• Enhanced Rewards: More rewards on UPI spending, making each transaction more valuable.
• EMI Conversion: Convert purchases into EMIs for greater flexibility.

Key Features of YES Bank ANQ Phi Credit Card

• Domestic and International Usage: Physical card usable for both domestic and international transactions.
• No Joining Fees: Access without initial costs.
• Multi-Reward Benefits: Rewards for dining, travel, and other categories.
• Additional Perks: Fuel surcharge waivers, international lounge access, and more.
• High Reward Potential: Earn up to 24 reward points on selected categories for spends of Rs 200.

RuPay Announces Cashback Offer for JCB Cardholders

RuPay, in collaboration with JCB International Co. Ltd, offers a special cashback offer for international RuPay JCB debit and credit cardholders, promoting spending in eight countries.

Cashback Offer Details

• 25% Cashback: Available on purchases in select countries from May 1, 2024, to July 31, 2024.
• Expansion Strategy: Part of RuPay and JCB’s broader plan to expand globally and introduce more such offers.
• Tax Implications: TCS applies to international debit card spending exceeding Rs 7 lakh per year, while credit card payments are exempt under LRS.