PNB Global Platinum Credit Card – Benefits, Fees & Eligibility

Introduction

• The PNB Global Platinum Credit Card is a basic entry-level card issued by Punjab National Bank designed to provide cardholders with exciting saving opportunities and value-focused benefits.
• Key differentiating benefits include a zero joining fee, 2 Reward Points per Rs. 150 spent on retail transactions (faster than standard PNB cards), and a 1% fuel surcharge waiver across all fuel stations.

Welcome Benefits

• 50 bonus Reward Points on successful registration for the E-bill facility.
• 20% instant discount on ZEE5 subscription.
• No joining fee at issuance.

Fees

• Joining Fee: Nil.
• Renewal Fee: Rs. 500 + GST (waivable).
• Spend-Based Waiver: Renewal fee is waived if total card usage in the previous year exceeds the card’s credit limit and there is a minimum of 1 retail transaction per quarter with no history of irregular accounts.
• Rewards Redemption Fee: Nil.
• Foreign Currency Markup: 3.5% on all foreign currency transactions.
• Interest Rates: 2.95% per month.
• Fuel Surcharge: 1% fuel surcharge is waived for all fuel transactions between Rs. 400 and Rs. 3,000.
• Cash Advance Charges:
  • 2% of the amount withdrawn or a minimum of Rs. 100 (PNB ATMs).
  • 2% of the amount withdrawn or a minimum of Rs. 150 (Other ATMs).
  • 2% of the amount withdrawn or a minimum of Rs. 300 (Overseas).

Rewards

• Movies: Not applicable.
• Dining: Not applicable.
• Travel: Not applicable.
• Domestic Lounge Access: Not applicable.
• International Lounge Access: Not applicable.
• Golf: Not applicable.
• Insurance Benefits: Not applicable.
• Lifestyle:
  • 24x7 Global Concierge Desk (call 1800-2100-131) offering:
    • Dining referrals and reservation assistance.
    • Airline and hotel bookings.
    • Pre-trip passport and visa assistance.
    • Flower and gift booking and delivery assistance.
    • Show and event bookings.
    • Emergency services including medical support, emergency roadside assistance, and patient travel arrangements.
  • 20% discount on ZEE5 subscription.
• Earning Structure:
  • 2 Reward Points per Rs. 150 spent on retail purchases.
  • No Reward Points on jewelry, cash withdrawals, and fuel purchases.
  • 50 extra Reward Points on registering for the E-bill facility.
  • Reward Points are valid for 3 years.

Rewards Redemption Guide

• Redeem points by logging in to the PNB Rewardz website.
• Redemption categories include merchandise, hotel bookings, mobile recharge, and other products.
• Value: 1 Reward Point = Rs. 0.25.
• Minimum requirement: At least 500 Reward Points required for redemption.

Card Eligibility Criteria

• Primary cardholder age: Between 21 and 65 years.
• Add-on cardholder age: Above 18 years.
• Income requirement: Annual income of Rs. 5,00,000 or more (note: FAQ mentions eligibility at Rs. 2 lakhs or more).

Documents Required

• Identity Proof: Ration Card, Aadhaar Card, PAN Card, Voter’s ID, etc.
• Address Proof: Driving License, Passport, Utility Bills, Ration Card, Aadhaar Card, etc.
• Income Proof: Latest bank statements or salary slips, Latest ITR.

Card Review

• Who should apply: Beginners starting their credit journey or individuals seeking a no-frills, low-cost card with practical savings on fuel and basic reward earning potential.
• Pros:
  • Zero joining fee.
  • Accelerated rewards (2 points per Rs. 150 vs. 2 points per Rs. 200 on other PNB cards).
  • 1% fuel surcharge waiver and renewable annual fee conditional waiver.
  • 24x7 concierge and emergency services.
  • 20% discount on ZEE5 subscription.
• Cons:
  • Limited category-specific benefits (no dining, movies, travel, or lounge access).
  • No rewards on fuel or jewelry.
  • Foreign currency markup and cash advance fees apply.
• Value: Strong for everyday retail spenders and fuel users seeking a basic, fee-light card with concierge support.

Important Product Details

• Zero joining fee.
• Accelerated reward rate: 2 Reward Points per Rs. 150 on retail spends.
• 50 bonus Reward Points on E-bill registration.
• 1% fuel surcharge waiver on fuel transactions between Rs. 400 and Rs. 3,000.
• Annual fee of Rs. 500 + GST waivable if prior-year usage exceeds credit limit and minimum quarterly retail transaction and account regularity conditions are met.
• 20% instant discount on ZEE5 subscription.
• Reward Points valid for 3 years; no points on jewelry, cash withdrawals, or fuel.
• Redemption via PNB Rewardz at Rs. 0.25 per point with a 500-point minimum.
• 24x7 concierge services covering dining, travel, gifts, and emergencies.
• Interest rate of 2.95% per month; foreign currency markup of 3.5%.

Other Details

• Year-end account summary statements are provided to Visa Platinum cardholders for convenience.
• Terms include conditions for fee waivers, reward exclusions, and account conduct requirements.
• Application can be completed by visiting the nearest Punjab National Bank branch or via the "Apply Now" option; requires completion of the application form and submission of KYC and income documents.