PNB RuPay Platinum Patanjali Credit Card – Benefits, Fees & Eligibility

PNB RuPay Platinum Patanjali Credit Card

Introduction

The PNB RuPay Platinum Patanjali Credit Card is a co-branded card launched by Punjab National Bank in partnership with Patanjali Ayurved Limited. This card features a zero joining fee and a nominal renewal fee of Rs. 500, which can be waived through minimal usage. Cardholders can benefit from a 2% cashback on transactions at Patanjali stores, 1 Reward Point on every Rs. 150 spent on other retail purchases, and an additional 50 points for e-bill registration. It also offers complimentary domestic airport lounge access, comprehensive insurance coverage against accidental death or personal disability, and exclusive dining offers.

Welcome Benefits

• Earn 300 bonus Reward Points on making the first retail transaction within the first 90 days from the card issuance date.
• Get 50 Reward Points on registration for the e-bill facility.

Fees

• Joining Fee: Nil
• Renewal Fee: Rs. 500 + GST
• Spend-Based Waiver: The annual fee is waived off if the card is used at least once in each quarter of the previous anniversary year.
• 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 waiver is capped at Rs. 250 per billing cycle.
• Cash Advance Charges:
  • PNB Domestic ATMs: 2% of the withdrawn amount or a minimum of Rs. 100.
  • Other Domestic ATMs: 2% of the withdrawn amount or a minimum of Rs. 150.
  • Overseas ATMs: 2% of the withdrawn amount or a minimum of Rs. 250.

Rewards

• Reward Rate:
  • Earn 1 Reward Point on every Rs. 150 spent on retail purchases.
  • Earn 2% cashback on purchases worth Rs. 2,500 or more at Patanjali stores, subject to a maximum cashback of Rs. 50 per transaction.
  • No Reward Points are earned on fuel transactions, jewelry purchases, and cash withdrawals.
  • Receive 5-7% additional cashback from Patanjali Ayurved Ltd. for Patanjali Swadeshi Samridhi Card customers on recharge using this credit card.
• Movies & Dining: Access exciting discount and cashback offers at several participating restaurants across the country.
• Travel:
  • Receive 2 complimentary domestic airport lounge accesses every quarter (totaling 8 per year).
  • Complimentary airport lounge access to selected domestic airports.
• Insurance:
  • Comprehensive insurance coverage against accidental death or personal disability.
  • Accidental death cover worth Rs. 2 lakhs.
• Lifestyle: Access to 300+ merchant offers.

Rewards Redemption Guide

• Reward points can be redeemed by logging in to the PNB Rewardz portal.
• 1 Reward Point = Re. 0.25 for redemption against various products, movie ticket bookings, hotel bookings, mobile/DTH recharge, and many other categories.
• A minimum of 500 Reward Points is required for redemption.
• Reward Points expire after 3 years from the accrual date.

Card Eligibility Criteria

• Eligibility Rules:
  • Primary cardholder age: Between 21 years and 65 years.
  • Supplementary cardholder age: Between 18 years and 65 years.
  • Applicant should have a stable source of income with an annual income of Rs. 5 lakhs or more.
• Documents Required:
  • Any officially valid document (Aadhar Card, Driving Licence, Passport, etc.) as identity and address proof.
  • Copy of PAN Card.
  • Photograph of the applicant.
  • Latest 3 months’ salary slips (for salaried individuals) or latest ITR (for self-employed individuals).

Card Review

The PNB RuPay Platinum Patanjali Credit Card is a highly affordable card offering significant privileges, making it an excellent choice for individuals seeking a basic card with maximum benefits. It is particularly advantageous for customers who frequently purchase Patanjali products. The card can effectively become lifetime free by simply using it once every quarter, which is easily achievable. Furthermore, it stands out as one of the few credit cards providing complimentary airport lounge access at a very low annual fee. This card is well-suited for those looking for substantial saving opportunities with minimal or zero charges, primarily for shopping. It has an overall rating of 4.5/5.

Important Product Details

• No joining fee.
• Welcome bonus of 300 Reward Points.
• Earn 1 Reward Point on every spend of Rs. 150.
• Receive 50 Reward Points on registration for the e-bill facility.
• Get 2% cashback up to Rs. 50 on every transaction at Patanjali stores.
• Enjoy complimentary airport lounge access to selected domestic airports.
• Annual fee waiver based on usage.
• Complimentary insurance coverage against accidental death.
• Benefit from a 1% fuel surcharge waiver on all fuel transactions.

Other Details

• Credit Limit:
  • Generally ranges between Rs. 25,000 to Rs. 5 lakhs.
  • Can vary for different cardholders depending on their past payment behavior and annual income.
  • Higher annual income and good credit score usually lead to a better credit limit.
  • Lower income or credit score might result in a lower initial credit limit, which can be increased upon building a good credit score or increasing income.
  • Cardholders can contact customer care to request a higher credit limit.
• Application Process:
  • Visit a PNB branch to fill out a physical application form.
  • Alternatively, download the application form from the PNB Cards’ official website, print it, fill in all details, attach required documents, and submit it at the nearest PNB branch.
• Mobile App: Access the convenient mobile app "PNB GENIE" for a one-stop solution.