PNB RuPay Select Credit Card – Benefits, Fees & Eligibility

Introduction

• The PNB RuPay Select Credit Card is a basic-level credit card issued by Punjab National Bank on the RuPay platform, positioned as an entry-to-mid-range card ideal for everyday spending.
• Top differentiating benefits include 300 bonus reward points on first usage, complimentary domestic and international airport lounge access, and a spend-based annual fee waiver that can make the card effectively lifetime free from the second year onward.

Welcome Benefits

• 300 bonus Reward Points on making the first transaction within 90 days of card issuance.
• 2x Reward Points on all merchandise and online transactions made within the first 90 days after activation.
• 50 bonus Reward Points on registration for the e-bill facility.

Fees

• Joining Fee: ₹500 + GST (first year).
• Renewal Fee: ₹750 + GST (from the second year onwards).
• Spend-Based Waiver: Annual fee of ₹750 is waived if the 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 Waiver: 1% fuel surcharge waiver on fuel transactions between ₹500 and ₹3,000, capped at ₹250 per billing cycle.
• Cash Advance Charges:
  • PNB Domestic ATMs: 2% of the withdrawn amount or a minimum of ₹150.
  • Other Domestic ATMs: 2% of the withdrawn amount or a minimum of ₹200.
  • Overseas ATMs: 2% of the withdrawn amount or a minimum of ₹250.

Rewards

Movies & Dining

• Exclusive cashback offers on dining across several participating restaurants.

Travel

• Complimentary airport lounge access.

Domestic Lounge Access

• 2 complimentary domestic airport lounge accesses every quarter (up to 8 per year).

International Lounge Access

• 4 complimentary international airport lounge accesses.

Golf

• Not applicable.

Insurance Benefits

• Complimentary insurance cover worth ₹10 lakhs against accidental death or total personal disability.

Lifestyle

• Exclusive cash back on utility bills, eateries, and restaurants.
• 24/7 concierge services.
• Access to 300+ merchant offers.
• Comprehensive insurance coverage.

Reward Points Earning Structure

• 2 Reward Points for every ₹150 spent on retail purchases.
• No Reward Points earned on fuel purchases, cash withdrawals, or jewelry purchases.
• Reward Points are valid for three years from the date of accrual.

Rewards Redemption Guide

• Reward Points can be redeemed by logging into the PNB Rewardz portal.
• 1 Reward Point = ₹0.25 for redemption against various products, hotel bookings, mobile/DTH recharges, and other categories.
• A minimum of 500 Reward Points is required for redemption.

Card Eligibility Criteria

• Primary cardholder age: 21 to 65 years.
• Supplementary cardholder age: 18 to 65 years.
• Applicant must have a stable source of income.

Documents Required

• Any valid government-issued card as proof of identity and address.
• Copy of PAN Card.
• One passport-size photograph.
• Latest 3 months’ salary slips (for salaried individuals).
• Latest ITR (for self-employed individuals).

Card Review

• Who should apply: Ideal for individuals seeking a pocket-friendly, basic credit card with solid everyday rewards and lounge access without high annual fees.
• Pros:
  • Low joining fee and easily waivable annual fee.
  • Attractive welcome benefits and accelerated rewards in the first 90 days.
  • Complimentary domestic and international lounge access.
  • Comprehensive insurance and fuel surcharge waiver.
• Cons:
  • Limited to RuPay network, which may have lower acceptance compared to Visa or Mastercard.
  • Reward Points expire after three years.
  • Cash advance fees can be high relative to withdrawals.
• Value: Strong value for regular spenders who can meet the quarterly usage requirement to keep the card lifetime free while enjoying travel and insurance perks.

Important Product Details

• Welcome benefit of 300 bonus Reward Points.
• 2 Reward Points on every spend of ₹150.
• 2x Reward Points on all merchandise/online transactions within the first 90 days.
• 50 bonus Reward Points on e-bill facility registration.
• Complimentary airport lounge access (domestic and international).
• Complimentary insurance cover worth ₹10 lakhs.
• Spend-based waiver of the annual membership fee.
• 1% fuel surcharge waiver with a ₹250 per billing cycle cap.
• Credit limit up to ₹10 lakhs, typically starting from ₹50,000 based on income and payment behavior.

Other Details

• Terms and conditions, including eligibility and documentation requirements, are subject to Punjab National Bank’s prevailing policies at the time of application.