Punjab National Bank has a wide network of credit card users across the country. The bank offers various types of credit cards to different classes. The credit card offers of the bank have been extremely competitive and unique.
A credit card is used primarily to purchase something online and offline and remit bills. It is a substitute for cash transactions. Due to which, many people prefer using the facility of credit cards. Every credit card comes with a credit limit. The bank fixes the credit limit for an individual based on yearly earnings, previous bank history, credibility etc.
Like other credit card companies, Punjab National Bank issues credit card statements at the completion of every billing cycle. Punjab National Bank credit card users will receive bill statements through mails, hard copies and online. A cycle of billing is defined as a period of time between billings. The time length of a billing cycle differs from one bank to another. Usually, it ranges from 20-45 days. In Punjab National Bank, the billing cycle for a newly issued credit card commences on the opening day. Any transactions you make during a billing cycle shall be added to your credit card account.
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 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.
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.