The PNB RuPay Platinum Credit Card is a value-oriented offering from Punjab National Bank, designed for customers seeking a balance between affordability and essential benefits. As a RuPay card, it comes with several domestic advantages, including attractive rewards on everyday spending, access to exclusive offers, and a low annual fee. Positioned as an entry-level card, the PNB RuPay Platinum Credit Card is ideal for first-time credit card users or those looking to keep their credit expenses under control. In this review, we’ll explore the card’s features, fees, benefits, and more to help you determine if it meets your financial needs.
Overview
| Feature | Details |
|---|---|
| Card Type | Entry-Level Credit Card |
| Reward Rate | 2 Reward Points per ₹150 spent |
| Reward Value | Varies based on redemption options |
| Joining Fee | Nil |
| Unique Selling Points | No joining fee, RuPay benefits, rewards on everyday spends |
| Rating | ★★★☆☆ (3.8/5) |
PNB RuPay Platinum Credit Card Fees and Charges
| Fee Type | Details |
|---|---|
| Joining Fee | Nil |
| Annual Fee | ₹500 + GST (waived on spending ₹50,000 annually) |
| Finance Charges | 2.5% per month (30% per annum) |
| Foreign Transaction Fee | 3.5% + GST |
| Cash Advance Fee | 2.5% of the amount withdrawn (min ₹300) |
| Late Payment Fee | ₹100 to ₹1,000 depending on the outstanding balance |
| Fuel Surcharge Waiver | 1% on transactions between ₹500 and ₹3,000 |
PNB RuPay Platinum Credit Card Benefits
Welcome Benefits
- No Joining Fee: The PNB RuPay Platinum Credit Card comes with zero joining fees, making it an affordable option for budget-conscious users.
- Introductory Offers: Enjoy introductory offers from RuPay, including discounts on dining, shopping, and wellness.
Rewards Program
- Earn Points on Every Spend: Accumulate 2 Reward Points for every ₹150 spent across all categories.
- Bonus Points: Earn additional points during promotional periods and on special occasions.
Milestone Benefits
| Milestone | Reward |
|---|---|
| Spend ₹50,000 in a year | Waiver of the annual fee for the next year |
| Spend ₹1 Lakh in a year | 2,000 Bonus Reward Points |
Rewards
| Spending Category | Reward Points Earned |
|---|---|
| All Purchases | 2 Reward Points per ₹150 spent |
| Accelerated Rewards | Bonus points during special promotions |
Redemption
Reward Points earned on the PNB RuPay Platinum Credit Card can be redeemed for a variety of options including merchandise, gift vouchers, and cashback. The redemption process is straightforward, allowing you to choose rewards that best suit your lifestyle.
Gift Vouchers Available
| Voucher Type | Redemption Value |
|---|---|
| Shopping Vouchers | Varies based on the partner and points required |
| Dining Vouchers | Available for redemption |
| Travel Vouchers | Available for redemption |
Airport Lounge Access
| Lounge Access | Details |
|---|---|
| Domestic Lounge Access | Complimentary 2 visits per quarter |
| International Lounge Access | Not available |
| Annual Limit | 8 visits per year |
Airport Transfers
The PNB RuPay Platinum Credit Card does not offer complimentary airport transfers, focusing instead on providing rewards and cashback on everyday spends.
Forex Markup Fee
| Feature | Details |
|---|---|
| Forex Markup Fee | 3.5% + GST |
| Reward Rate for International Spends | 2 Reward Points per ₹150 spent |
Eligibility
- Age: 21 to 65 years.
- Income: Minimum annual income of ₹2 lakh.
- Employment: Available to salaried and self-employed individuals.
How to Apply?
Online Application
- Visit the official PNB credit card page.
- Select “PNB RuPay Platinum Credit Card.”
- Fill in the required personal and financial details.
- Upload the necessary documents and submit your application.
- Await verification and approval.
Offline Application
- Visit the nearest PNB branch.
- Request an application form for the PNB RuPay Platinum Credit Card.
- Fill out the form and submit it along with required documents.
- Await verification and approval.
PNB RuPay Platinum Credit Card Review
Editor’s Rating
Summary
The PNB RuPay Platinum Credit Card is a cost-effective choice for individuals looking for basic credit card benefits with low fees. The card offers a decent rewards program, with 2 Reward Points per ₹150 spent, and a fee waiver on reaching milestone spends. However, its benefits are relatively limited compared to other cards in the market, focusing more on domestic transactions. It’s best suited for those who prefer a low-maintenance card without a joining fee and basic reward benefits.
Pros and Cons
| Pros | Cons |
|---|---|
| No joining fee, making it accessible to first-time users | Limited rewards on international spends |
| Complimentary domestic lounge access twice per quarter | No international lounge access or premium travel perks |
| Fee waiver on annual spending milestones | No special offers for high spenders |
| Part of the RuPay network, offering domestic offers and benefits | No airport transfers or global concierge services |
Comparison with Similar Cards
| Feature | PNB RuPay Platinum Credit Card | SBI SimplyCLICK Credit Card | HDFC MoneyBack Credit Card |
|---|---|---|---|
| Annual Fee | ₹500 + GST (waived on spending ₹50,000 annually) | ₹499 + GST (waived on spending ₹1 lakh annually) | ₹500 + GST (waived on spending ₹50,000 annually) |
| Reward Rate | 2 Reward Points per ₹150 spent | 1 Reward Point per ₹100 spent (5X on online spends) | 2 Reward Points per ₹150 spent (2X on online spends) |
| Lounge Access | 2 domestic lounge visits per quarter | None | None |
| Milestone Benefits | Fee waiver at ₹50,000 spend, 2,000 points at ₹1 lakh spend | ₹2,000 e-gift voucher on annual online spending of ₹1 lakh | 500 Reward Points on card anniversary |
| Forex Markup Fee | 3.5% + GST | 3.5% + GST | 3.5% + GST |
SBI SimplyCLICK Credit Card Comparison
The SBI SimplyCLICK Credit Card is geared towards online shoppers, offering 5X reward points on online spends and additional vouchers from e-commerce giants like Amazon and Cleartrip. While it has a similar fee structure to the PNB RuPay Platinum Credit Card, its rewards are more focused on digital transactions rather than a balanced approach across all spending categories. Choose the SBI SimplyCLICK if your spending is primarily online; opt for the PNB RuPay Platinum if you want a more generalized rewards program with lounge access.
HDFC MoneyBack Credit Card Comparison
The HDFC MoneyBack Credit Card offers a similar fee structure and a more diverse rewards program, including 2X points on online spends and the option to convert points to cash. While the PNB RuPay Platinum Credit Card includes lounge access, HDFC MoneyBack focuses on maximizing cashback on everyday purchases. Choose the HDFC MoneyBack for better cashback options or the PNB RuPay Platinum for lounge benefits and a fee waiver at lower spend thresholds.
FAQ
What is the annual fee for the PNB RuPay Platinum Credit Card?
The annual fee is ₹500 + GST, which is waived on spending ₹50,000 annually.
How do I earn reward points with this card?
You earn 2 Reward Points for every ₹150 spent across all categories.
Does this card offer airport lounge access?
Yes, the card provides 2 complimentary domestic airport lounge visits per quarter.
Are there milestone rewards available with this card?
Yes, you can get an annual fee waiver on spending ₹50,000 and 2,000 bonus reward points on spending ₹1 lakh in a year.
Can I use this card internationally?
Yes, you can use the card internationally, but it has a 3.5% + GST foreign transaction fee, and reward points are earned at the same rate as domestic spends. For more details you can visit PNB.
