Punjab National Bank has a large credit card customer base throughout the country. The bank provides a variety of credit cards to people of various socioeconomic backgrounds. The bank's credit card offerings were incredibly competitive and one-of-a-kind.
A credit card is generally used to make purchases both online and offline, as well as to pay bills. It serves as an alternative to monetary transactions. As a result, many people prefer to use credit cards as a means of payment. Every credit card has a credit limit attached to it. The bank determines an individual's credit limit based on yearly earnings, previous bank history, credibility, and other factors.
Punjab National Bank, like other credit card businesses, sends out credit card statements at the end of each payment cycle. Customers with Punjab National Bank credit cards will receive bill statements in the mail, on paper, and online. A billing cycle is a set of billings separated by a period of time. A billing cycle's length varies from one bank to the next. It usually takes between 20 and 45 days. The billing cycle for a freshly issued credit card at Punjab National Bank begins on the first day of service. Your credit card account will be charged for any transactions you make during a billing cycle.
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The salient features of credit card statements issued by Punjab National Bank are mentioned below:
The layout of a credit card issued Punjab National Bank has been excellent. A billing statement of the bank is clubbed into eight sections, which include:
Part 1: The first section of a Punjab National Bank billing statement is the personal information. It contains personal details such as the name and the mailing address of a credit card user, including the contact number and the email address.
Part 2: The second section of a billing statement of the bank is the statement of a particular card. This section contains:
Part 3: The third section of your credit card statement is the summary of accounts. This section contains very important information related to your account.
Part 4: The fourth section of a Punjab National Bank credit card statement is the previous dues. The section contains details such as:
Part 5: The fifth section of a billing statement gives information related to indigenous transactions. The section includes:
Part 6: The sixth section provides you information pertaining to your credit card reward programs. Like mentioned earlier, a reward program is an incentive offered to boost credit card offers. This section includes the following details:
Part 7: The seventh section of a Punjab National Bank credit card statement provides you details related to offers. Read this section without fail. If there are any new offers on your existing credit card accounts, you can avail.
Part 8: The eighth section may describe new personal financial services and offers introduced by the bank.
The steps to read your Punjab National Bank credit card statements are mentioned below:
A credit card statement may contain mistakes from time to time. For example, the purchase and payment dates could be incorrect. It's possible that the billing amount is incorrect. Errors of this nature should be corrected. The following are some suggestions for resolving an error on a Punjab National Bank credit card statement:
Yes. You can obtain an e-billing statement. This facility is offered to both savings and current bank account holders of Punjab National Bank. You should be registered to avail this facility through the internet banking facility of Punjab National Bank.
The SB account holders of Punjab National Bank will get monthly updates if you have registered for e-statements. The current account holders of Punjab National Bank shall receive updates on a daily basis, a weekly basis and monthly basis.
The service is free of cost.
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