Santa Claus comes around just once a year. In the meantime, there are Credit Cards.
The Rakshak RuPay Platinum Credit Card by Punjab National Bank (PNB) co-partnered card with RuPay. This PNB credit card offers many benefits to the cardholder which includes insurance benefits, reward points, cashback benefits. The card has no joining fee and a minimal annual fee of Rs.500 and comes with an interest rate of 2.95% per month.
The credit limit of the Punjab National Bank Rakshak RuPay Platinum Credit Card is assigned by the bank. The Punjab National Bank considers many factors before assigning a limit such as the credit score of the primary applicant, credit utilisation ratio, past repayment habits, etc.
| Reward Point Benefits |
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| Insurance Benefits |
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| Cashback Benefits |
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| Fuel Surcharge Benefits |
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| Type of Fee | Charge |
|---|---|
| Joining fee | Nil |
| Finance charges | 2.95% per month |
| Annual fee | Rs.500 |
| Card replacement fee | Rs.150 |
| Free interest period | 20 – 50 days |
| Credit limit over usage | 2.5% or Rs.500 |
| Minimum amount due | 5% of the total amount due |
| Foreign currency transaction | 3.50% |
| Late payment fee |
|
| Cash advance | 2% of the cash withdrawn or Rs.100 at PNB ATMs (higher amount will be taken) |
| Duplicate statement fee | Rs.50 |
| Employment status | The primary applicant must have a steady source of income. |
| Age | The primary applicant must be least 18 years old. |
| Nationality | He or she must be a citizen of India or a non-resident Indian. |
| Credit Score | An ideal CIBIL score is important to apply for a credit card. |
| Proof of Address | Income Proof | Identity Proof |
|---|---|---|
| Voter ID | Salary Slips | Driving License |
| Aadhaar Card | IT Return | Voter ID |
| Passport | Form 16 | Aadhaar Card |
| Ration Card | - | - |
You can redeem your reward points by logging in to your net banking account and choose the ‘rewardz’ option on the menu. Your total points will be displayed and can be redeemed in exchange for various products.
No, there is no joining fee of the PNB Rakshak RuPay Platinum Credit Card.
Yes, you can log in to your net banking account and register your card using the card details and PIN. Once the details are entered, your card will be registered.
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