PNB RuPay Platinum Credit Card – Benefits, Fees & Eligibility

Introduction

The PNB RuPay Platinum Credit Card, issued by Punjab National Bank, is designed to offer a range of rewards and benefits across various categories. It provides 300 Reward Points as a welcome gift upon first usage and awards 1 Reward Point for every Rs. 100 spent. Cardholders can also earn 50 extra Reward Points by registering for the E-bill facility. To provide extra-luxurious travel experiences, the card features complimentary access to both domestic and international airport lounges. With a spend-based waiver for its fees, the card also includes benefits like fuel surcharge waivers and comprehensive accidental insurance coverage, making it a valuable option for everyday spending and travel.

Welcome Benefits

• 300 Reward Points as a welcome bonus on your first card swipe for retail/online transactions if done within the first 90 days after the card set-up date.
• 50 extra Reward Points on successful E-bill registration.

Fees

• Joining Fee: Nil (if card is used once in a quarter).
• Renewal Fee: Nil (if card is used once in a quarter).
• Spend-Based Waiver: The renewal fee is waived off if the PNB RuPay Platinum Credit Card is used at least once every quarter.
• 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 waiver for all fuel transactions between Rs. 500 and Rs. 3,000. The maximum fuel surcharge waiver is capped at Rs. 250 per month for this card.
• Cash Advance Charges:
  • 2% of the amount withdrawn or Rs. 100 (whichever is higher) at PNB ATMs.
  • 2% of the amount withdrawn or Rs. 150 (whichever is higher) at Other ATMs.
  • 2% of the amount withdrawn or Rs. 250 (whichever is higher) at Overseas ATMs.

Rewards

• Rewards Rate: Earn 1 Reward Point on every Rs. 100 spent on retail purchases.
• E-bill Registration: Earn 50 extra Reward Points on successful E-bill registration.
• Cashback Offers: Exclusive cashback on utility bills, eateries, and restaurants.
• Lounge Access:
  • Complimentary airport lounge access.
  • 2 complimentary domestic airport lounge access visits every quarter.
  • 1 complimentary international lounge visit each year.
• Insurance: Personal Accident Cover worth Rs. 2 lakhs.
• Merchant Offers: Access to 300+ merchant offers.
• Exclusions: No Reward Points are earned on jewelry purchases, fuel transactions, and cash withdrawals.
• Validity: Reward Points are valid for 3 years from the date of accumulation.
• Movies & Dining: No specific benefits mentioned.
• Golf: No specific benefits mentioned.

Rewards Redemption Guide

• Redemption Portal: To redeem your earned Reward Points, you will have to log in to the PNB Rewardz website (www.pnbrewardz.com/CreditCard/user/login?destination=%2F).
• Redemption Value: 1 Reward Point is equivalent to Rs. 0.25.
• Redemption Options: You can redeem your Reward Points against various products and categories, such as hotel bookings, mobile recharge, and merchandise.
• Minimum Points for Redemption: You should have a minimum of 500 Reward Points for redemption.

Card Eligibility Criteria

• Age of Primary Cardholders: 21 years to 65 years.
• Age of Add-on Cardholders: 18 years to 65 years.
• Income: Annual income of Rs. 5,00,000 or more.
• Educational Qualification: 10th pass / literate.
• Credit History: The applicant should also have a decent credit history.

Card Review

The PNB RuPay Platinum Credit Card is considered a significant choice for individuals seeking a credit card with low joining and annual fees, coupled with substantial saving opportunities and appealing travel benefits. Its strong points include a good reward rate on retail purchases, complimentary airport lounge access, personal accident insurance, and a fuel surcharge waiver. The card's spend-based fee waiver makes it an economical option, while its associated benefits cater well to those who travel frequently and engage in regular shopping. Overall, it offers good value for users looking for a feature-rich card without high recurring costs.

Important Product Details

• Earn 1 Reward Point for every retail spend of Rs. 100.
• Receive 50 Reward Points upon E-bill registration.
• Welcome bonus of 300 Reward Points.
• Easy redemption of Reward Points at a value of 1 Reward Point = Rs. 0.25.
• Complimentary domestic and international lounge access.
• Accidental insurance coverage worth Rs. 2 lakhs.
• 1% fuel surcharge waiver, capped at Rs. 250 per month.
• Annual fee waiver based on card usage (one transaction per quarter).
• Zero liability protection against a lost card.
• Access to 24x7 concierge services.
• Exclusive cashback offers in utility bills, eateries, and restaurants.
• Benefits from 300+ merchant offers.

Other Details

• Concierge Services: Enjoy 24*7 concierge services available by calling 1800-2100-131. These services can assist with:
  • Dining referrals & reservations.
  • Flowers & gifts.
  • Event bookings.
  • Pre-trip assistance.
  • Flight/Hotel bookings.
  • Emergency medical support.
• Mobile Application: The card is supported by a convenient mobile app, "PNB GENIE," which serves as a one-stop solution.
• Application Process: You can apply for the PNB RuPay Platinum Credit Card offline by:
  • Visiting a PNB branch with all the required documents and filling out a physical application form.
  • Downloading the application form from the PNB's official website, filling it out, and submitting it to your nearest branch along with the necessary documents.
• Add-on Cards: You can get up to 2 add-on cards with this credit card.
• Best Suited For: Travel and Shopping.
• Reward Type: Reward Points.
• Zero Liability: The card offers zero liability protection against a lost card.