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

PNB RuPay Select Patanjali Credit Card

Introduction

The PNB RuPay Select Patanjali Credit Card is a co-branded offering from Punjab National Bank in partnership with Patanjali Ayurved Limited, designed to cater to Patanjali loyal customers with exclusive benefits. This card, built on the RuPay network, provides a blend of rewards and convenience for daily spending. It comes with a joining fee of Rs. 500 + GST and offers 300 bonus Reward Points on first usage. While carrying an annual fee of Rs. 750 + GST, this fee can be easily waived by using the card at least once every quarter. Cardholders can enjoy a competitive reward rate, including 2% cashback on Patanjali purchases, complimentary domestic airport lounge access, and comprehensive insurance coverage.

Welcome Benefits

• 300 bonus Reward Points on making the first retail transaction within the first 90 days of card issuance.
• 2x Reward Points for all online/offline retail transactions made within the first 90 days.
• 300+ Reward Points on first usage.

Fees

• Joining Fee: Rs. 500 + GST.
• Annual Fee: Rs. 750 + GST.
• Spend-Based Waiver: The annual fee for the next year is waived off if the cardholder uses the card at least once every 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 fuel surcharge waiver is capped at Rs. 350 per billing cycle.
• Cash Advance Charges: 2% of the withdrawn amount, subject to a specific minimum amount.
  • PNB Domestic ATMs: 2% of the withdrawn amount, subject to a minimum of Rs. 150.
  • Other Domestic ATMs: 2% of the withdrawn amount, subject to a minimum of Rs. 200.
  • Overseas ATMs: 2% of the withdrawn amount, subject to a minimum of Rs. 300.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

• General Spends: Earn 2 Reward Points on every Rs. 150 spent.
• Retail Merchandise: Earn 2X Reward Points on retail merchandise, specifically for all online/offline retail transactions made within the first 90 days of card issuance.
• Patanjali Stores Cashback:
  • Earn 2% cashback for all transactions over and above Rs. 2,500 at Patanjali stores.
  • The cashback is subject to a ceiling of Rs. 50 per transaction.
  • Patanjali Swadeshi Samridhi Card customers can receive 5-7% additional cashback on recharge using the PNB-Patanjali Credit Card.
• Movies & Dining: Exclusive discount/cashback offers across several restaurants.
• Travel: Complimentary airport lounge access.
• Domestic Lounge Access: 2 complimentary domestic lounge access every quarter (8 per year).
• International Lounge Access: Not available. (Note: One source indicates "Complimentary Domestic and international Lounge Program", but a more detailed section explicitly states "N/A" for International Lounge Access.)
• Golf: Not available.
• Insurance: Comprehensive insurance coverage, including accidental death insurance cover worth Rs. 10 lakhs.
• Lifestyle: 300+ merchant offers.
• E-Bill Facility: Earn 50 Reward Points on registering for the e-bill facility.
• Exclusions: No Reward Points are earned on fuel transactions.

Rewards Redemption Guide

• Reward Points can be redeemed via the PNB Rewardz account against various products, hotel bookings, movie ticket bookings, DTH/mobile recharges, and a lot more categories.
• The value of 1 Reward Point is Re. 0.5. (Note: An FAQ section on the webpage states the value as Re. 0.25).
• A minimum of 500 Reward Points is required for redemption.
• Reward Points are valid for 3 years from the date of accrual.

Card Eligibility Criteria

Eligibility Rules

• Primary Cardholder Age: Should be between 21 years and 65 years.
• Supplementary Cardholder Age: Should be between 18 years and 65 years.
• Annual Income: The annual income of the primary cardholder should be above Rs. 5 lakhs.

Documents Required

• Any officially valid document (Aadhar Card, Driving Licence, Passport, etc.) as an 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 Select Patanjali Credit Card is particularly advantageous for individuals who are loyal Patanjali customers, offering a significant 2% cashback on their purchases at Patanjali stores. Beyond its co-branded benefits, the card provides a decent reward rate on general spends and includes valuable features such as complimentary domestic lounge access and a substantial accidental death insurance cover. A major highlight is the ease with which the annual fee can be waived, essentially making it lifetime free after the first year simply by using the card once every quarter. With a flexible credit limit ranging from Rs. 50,000 to Rs. 10 lakhs, tailored to individual credit history and income, this card presents itself as an affordable credit card packed with maximum benefits for its target audience. It is best suited for shopping-oriented users who frequently make purchases at Patanjali.

Important Product Details

• Welcome bonus of 300 Reward Points on first usage/transaction.
• 2% cashback on shopping worth Rs. 2,500 or more at Patanjali stores, capped at Rs. 50 per transaction.
• Up to 4 Reward Points on every spend of Rs. 150 (inclusive of 2x rewards on retail purchases within the first 90 days).
• 50 Reward Points on registering for the e-bill facility.
• Complimentary domestic airport lounge access (2 per quarter).
• Complimentary insurance cover against accidental death worth Rs. 10 lakhs.
• Spend-based waiver for the annual fee (use card once per quarter).
• 1% fuel surcharge waiver (capped at Rs. 350 per billing cycle).
• 2X rewards points on retail merchandise during the initial 90 days.
• Convenient mobile app "PNB GENIE" for a one-stop solution.
• 300+ merchant offers.

Other Details

• Credit Limit: Generally lies between Rs. 50,000 to Rs. 10 lakhs, varying depending on the credit history and income of individuals. Higher credit scores and annual incomes typically result in a higher credit limit. Cardholders can contact the card issuer to request a credit limit increase.
• Best Suited For: Shopping.
• Reward Type: Reward Points.
• Application Process:
  • Visit the nearest PNB branch with all required documents and fill out the physical application form.
  • Alternatively, download the application form from the official website of Punjab National Bank (under the ‘Resource Centre’ section, click on ‘Credit Card Application Form’). Fill in the details, attach all required documents, and submit the form at the nearest branch.