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

Introduction

• The PNB RuPay Select Patanjali Credit Card is issued by Punjab National Bank in partnership with Patanjali Ayurved Limited on the RuPay network.
• It is positioned as a mid-range co-branded credit card tailored for Patanjali loyal customers, offering elevated rewards on Patanjali merchandise and everyday spending.
• Top differentiating benefits include 2% cashback at Patanjali stores (capped at Rs. 50 per transaction), 2 Reward Points per Rs. 150 spent, and complimentary domestic lounge access (2 per quarter).

Welcome Benefits

• 300 bonus Reward Points on the first retail transaction.
• 2x Reward Points on all online/offline retail purchases made within the first 90 days of card issuance.
• Welcome gift equivalent to Rs. 150 (300 Reward Points at Re. 0.25 per point).

Fees

• Joining Fee: Rs. 500 + GST.
• Annual Fee: Rs. 750 + GST.
• Spend-Based Waiver: Annual fee 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 capped at Rs. 350 per billing cycle (applicable on fuel transactions between Rs. 500 and Rs. 3,000).
• Cash Advance Charges:
  • PNB Domestic ATMs: 2% of the withdrawn amount, subject to a minimum of Rs. 150.
  • Other Domestic ATMs: 2% of the withdrawn amount, subject to a minimum of Rs. 200.
  • Overseas ATMs: 2% of the withdrawn amount, subject to a minimum of Rs. 300.

Rewards

Rewards Rate

• Earn 2 Reward Points on every Rs. 150 spent.
• No Reward Points are earned on fuel transactions.
• 2% cashback on Patanjali products for transactions worth Rs. 2,500 or more (capped at Rs. 50 per transaction).

Movies & Dining

• Exclusive discount and cashback offers across several restaurants.

Travel

• Complimentary airport lounge access.

Domestic Lounge Access

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

International Lounge Access

• Not available.

Golf

• Not available.

Insurance Benefits

• Complimentary accidental death and personal disability insurance cover worth Rs. 10 lakhs.

Lifestyle & Other Benefits

• Up to 4 Reward Points on select spends of Rs. 150 (as per promotional offers).
• 50 Reward Points on registering for the e-bill facility.
• Access to 300+ merchant offers.
• Convenient mobile app PNB GENIE for account management.

Rewards Redemption Guide

• Reward Points can be redeemed via the PNB Rewardz account.
• Redemption options include products, hotel bookings, movie ticket bookings, DTH/mobile recharges, and more categories.
• 1 Reward Point = Re. 0.5 (redemption value).
• Minimum 500 Reward Points required for redemption.
• Reward Points are valid for 3 years from the date of accrual.

Card Eligibility Criteria

• Primary cardholder age: Between 21 years and 65 years.
• Supplementary cardholder age: Between 18 years and 65 years.
• Annual income: Above Rs. 5 lakhs for the primary cardholder.

Documents Required

• Any officially valid document (Aadhaar 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

• Best suited for: Shopping and Patanjali loyal customers.
• Pros:
  • Attractive 2% cashback at Patanjali stores with a reasonable cap.
  • Decent reward rate of 2 Reward Points per Rs. 150 spent.
  • Complimentary domestic lounge access and accidental death insurance.
  • Annual fee waiver achievable with quarterly usage.
  • Credit limit range of Rs. 50,000 to Rs. 10 lakhs.
• Cons:
  • Fuel transactions do not earn Reward Points.
  • International lounge and golf benefits are not available.
  • Joining and annual fees apply (though waiver is straightforward).
• Value: Offers strong value for Patanjali shoppers and those seeking a mid-range card with lounge access and achievable fee waivers.

Important Product Details

• Welcome bonus of 300 Reward Points.
• 2% cashback on Patanjali store purchases above Rs. 2,500 (capped at Rs. 50 per transaction).
• Up to 4 Reward Points on eligible spends of Rs. 150.
• 50 Reward Points on e-bill registration.
• Complimentary airport lounge access (2 per quarter).
• Complimentary accidental death insurance cover worth Rs. 10 lakhs.
• Spend-based annual fee waiver (use once per quarter).
• 1% fuel surcharge waiver (capped at Rs. 350 per billing cycle).
• Credit limit generally ranges from Rs. 50,000 to Rs. 10 lakhs.

Other Details

• The card is a co-branded variant of the existing PNB RuPay Select Credit Card, tailored specifically for Patanjali customers.
• Applications can be submitted at the nearest PNB branch or via the PNB official website under the ‘Resource Centre’ by downloading and submitting the Credit Card Application Form.
• Terms and conditions, including internal bank criteria, may apply beyond the stated eligibility and benefits.