PNB Rupay Select Card
Product Details
Credit Card Name :
PNB Rupay Select Card
Bank Name :
Punjab National Bank
Type :
Shopping Credit Card
Interest Rate :
2.95% per month
Eligibility :
Age: The primary cardholder must be between 21 and 65 years of age.
Educational qualification: The applicant must have passed the 10th standard (passed).
Income: The applicant must have a minimum annual income of INR2 lakhs.
Cibil score: A credit score of 750+ is considered good to apply for this credit card.
Employment: The applicant must be employed or self-employed.
Pros
No annual fee is levied upon customers if the card is used one in a quarter.
Welcome Gift: 300+ reward points on 1st usage.
Rewards: The card also provides 2X reward points on retail merchandise.
Other Benefits: Customers can enjoy a complimentary domestic and international lounge program, exclusive cashback on utility bills, eateries and restaurants, etc., and Comprehensive insurance coverage.
Cons
Limited Network Acceptance: Rupay cards haven't reached the widespread acceptance seen with Visa or Mastercard, potentially leading to declined transactions at some international merchants or online platforms.
Lower Reward Earning Potential: Compared to premium cards, the 2X reward points on retail purchases might not be as attractive for high spenders seeking maximized rewards.
Pros & Cons
Welcome Benefits
On the first transaction, get more than 300 reward points.
Rewards System
300+ reward points on 1st usage You can earn 2 RP for every INR 100 spent. 1 RP = Rs. 0.50
Effective Cashback Rate = 1%
International Forex Markup
3.5% on all foreign currency transactions
Welcome Benefits and Reward System
Special Features
None
Eligibility Criteria
Age: The primary cardholder must be between 21 and 65 years of age.
Educational qualification: The applicant must have passed the 10th standard (passed).
Income: The applicant must have a minimum annual income of INR2 lakhs.
Cibil score: A credit score of 750+ is considered good to apply for this credit card.
Employment: The applicant must be employed or self-employed.
Benefits
Earn 2x reward points on all your retail purchases.
Complimentary domestic and international lounge access.
Accident insurance cover of up to Rs. 2 lakhs.
Speical Feature, Eligibility and Benefits
How to apply for Credit Card?
Online Visit the PNB Cards website and click on the "Apply Online" button.
Select the PNB RuPay Select Credit Card and click on the "Apply Now" button.
Fill in the application form with your personal and financial details.
Upload the required documents, such as your PAN card, Aadhar card, and income proof.
Review and submit your application.
The bank will review your application and get in touch with you if you are approved for the card.
The required documents for applying for a PNB RuPay Select Credit Card are: PAN card Aadhar card Income proof (salary slip, salary certificate, Form 16 for salaried individuals; PAN card, IT return, Form 60/61 for self-employed individuals)
Once your application is approved, you will receive your PNB RuPay Select Credit Card within 7-10 business days.
Contact Details
Toll Free No. 1800 1800 1800 2021 1800 180 2222 1800 103 2222
Tolled No. 0120-2490000 Landline :011-28044907
care[at]pnb[dot]co[dot]in
Account Opening and Procedure
PNB RuPay Select Card
The PNB RuPay Select Card offers a budget-friendly option with decent reward points, domestic lounge access, and value-added benefits like wellness discounts. However, the limited acceptance of RuPay cards, lower reward rate, and high interest charges are drawbacks to consider. If you value affordability and primarily spend domestically, this card might be suitable. However, for broader acceptance, faster reward accumulation, or premium features, exploring other alternatives is recommended.
Abhijeet Saxena
Abhijeet Saxena
Nalsar University of Law
Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi
Ex - Khaitan & Co. Bengaluru,
Ex - National Stock Exchange, Mumbai,
Ex - Argus Partners, Mumbai
Product Review
Fees & Charges
Minimum joining fees - Rs. 500/-
Annual fee – NIL ( if card is used one in a quarter)
Cash advance fee: 2% of the cash withdrawn or Rs.150
Interest Rates: 2.95 percent every month
Late payment fee- 30% of the minimum amount due or a minimum of Rs.500 / billing cycle.
Foreign Currency Transactions Fees: 3.5%.
Reward Redemption Fees: NIL
Fuel Surcharge
1% fuel surcharge waiver on fuel transactions between Rs. 500 and Rs. 3,000.
Billing Cycle
30 Days