YES Bank has come out with 7 credit cards in partnership with MasterCard. There are two categories – a YES Prosperity range under which there are five credit cards and the YES First range under which there are two credit cards. The latter is available for its high networth customers. Pralay Mondal, senior group president, Retail and Business Banking at the bank, said the bank expects to be among the top three credit card players in the country by 2020 with 15-18 % market share. The bank will offer interest rate of minimum 1.2% per month on its credit cards for which high networth customers are eligible. The industry average stands at 3.4% per month.
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