The Punjab National Bank became the latest big player to enter into the credit card market in the year 2000 with the launch of two types of variants namely – Gold and Classic. In the same year, an international co-branded credit card of Punjab National Bank and Hongkong and Shanghai Banking Corporation was launched in New Delhi.
The Punjab National Bank (PNB) was born on May 19, 1894.The founding board was drawn from different parts of India, proclaiming different faiths and varied background. The common objective of the bank remained with providing the country with a truly national bank which in future will improve the economic interest of the country.
The bank started its operations and started doing business on April 12, 1895.
As of March 31, 2017, the bank has over 80 million customers with 6,937 branches and 10,681 ATMs spread across 764 cities.
The bank has a banking subsidiary located in United Kingdom known as PNB International Bank, with seven branches in the UK. The bank also has branches located in Dubai, Kabul, Hong Kong and Kowloon. It has representative offices in many countries across the globe.
The Punjab National Bank has stakes in various banks in foreign countries. In Nepal PNB owns 20% of Everest Bank Limited, it has 50 branches. In Bhutan, it has 51% stake in Druk PNB Bank, it has five branches. In Kazakhstan, it owns 84% stake in JSC (SB) PNB Bank, it has four branches.
The following are the features of Punjab National Bank’s Credit cards
Add on Credit Card – The Punjab National Bank’s credit card provides an opportunity to apply for add-on card facility at the time of applying for the credit card or at a later date as prescribed in the application format. One person can apply for up to two free add-on credit cards for parents/spouse/son/unmarried daughters. The age of the add-on card applicants should be more than 18 years.
Balance Transfer Facility – With Punjab National Bank credit card, one can transfer the outstanding amount of other credit cards to PNB Global credit card and can thus reduce the trouble of paying the high rate of interest. The cardholder can avail the facility of transfer of the outstanding balance of his/her other bank’s credit card to PNB Global card at a lesser rate of interest which has lower finance charges. It has an EMI Scheme with a repayment period spread over 6 months at a finance charge of 0.99% per month.
EMI Facility – Punjab National Bank provides convenience for its customers to enjoy a holiday, or shop for the articles on the buy list and repay the total amount within a period of 3 to 36 months utilizing the bank’s Easy Pay Plan facility. The spending should be equal to or more than Rs 2,500 in a single retail transaction. This offer is not applicable for purchase of jewelry, fuel, and cash withdrawal. The facility is available on request within 30 days of transaction or payment due date (whichever is earlier). The EMI Application Form is available online in the bank’s web portal.
Utility Bill Payment – By using the credit card offered by the Punjab National Bank, one can pay utility bills including electricity bills, telephone/mobile bills, and so on through the bank’s web portal at www.visabillpay.in/pnb
Global Customer Entitlement – Punjab National Bank’s credit card has worldwide acceptance. It has been accepted across 29 million Merchant establishments and more than 1 million ATMs for hassle-free travel, shopping, entertainment, movies, groceries, dining and so on. In India, the card is accepted at more than 4,40,000 Merchant establishments and across 32,000 ATMs for cash withdrawal.
The following are the benefits of Punjab National Bank’s Credit cards
Free Credit Period – The Punjab National Bank provides free credit period for the credit cardholders. The user can get up to a minimum of 20 days and a maximum of up to 50 days free credit period on any purchases without any finance charge being levied on the respective credit card account. This is applicable provided the total payment due as shown on the statement of the customer is settled in full on or before the payment due date. This facility is not available on cash withdrawal from ATMs.
Fuel Surcharge Waiver – The bank will waive the surcharge that is generally levied on the fuel purchase through credit card for the bank's credit card customers on spending between Rs 400 to Rs 3000, across all the petrol pumps in India.
Purchase Railway Ticket – The Credit Cardholder of Punjab National Bank can purchase or book for the Indian Railways ticket using the credit card either at the railways ticketing counters or through online facility.
Revolving Credit Facility – The cardholder can choose to pay the minimum amount due as shown on the monthly statement and revolve the balance amount to next month’s billing cycle. The remaining balance can be settled at a specified finance charge with the prevailing rate which is 2.45% on monthly basis and it is 29.81% on an annual prevailing interest. The interest rate charges are calculated based on the average daily balance.
An applicant can apply for Punjab National Bank’s Credit Card through by visiting the nearest branch of Punjab National Bank.
An aspiring applicant can also apply through online by visiting the bank’s web portal at https://www.pnbcard.in/viewApplicationForm.action?TOKEN=QH8X-Y3R5-3027-8APW-36HU-DZ2N-8G4U-SRHR.
Applicants can directly walk into the nearest branch of the Punjab National Bank and express the desire to obtain a credit card from the bank.
The bank executive will explain you about the features of all the credit cards after understanding the annual income, needs, and requirements of the prospective customer.
Once the applicant zeroes in the card as per the requirement, he/she will be asked to fill in the application form and enclose the required documents which include PAN card, identity proof, address proof, income proof and so on.
The bank representative will thoroughly go through the application form along with the other submitted documents provided by the applicant and will take a final call whether the applicant meets the eligibility criteria for the credit card for which they have applied for. Once the check is done the applicant will be provided with the desired credit card.
It will be at the discretion of the Punjab National Bank to decide if a customer has to be given Credit Card or not.
Applicants have to first visit the bank's website at https://www.pnbindia.in/ the home page of the Punjab National Bank. Towards the right side of the web page, a list of different services as offered by the bank will appear. Select the Cards option from the list. From the list select the Credit Card option and proceed further. Check each and every credit card, which the bank offers for its customers go through all the features and benefits provided by the credit card to its users. Analyze your personal needs and requirements and select the card which suits your needs and requirements after evaluating all the privileges.
Upon selection of the card, now proceed further and click on the Card Application Form which appears in a column under the heading Online Credit Card Entry towards the right side of the web page.
Now the page will ask you to provide information about yourself, fill in all the details correctly as per the requirements. The list of information includes:
• Type of Card
• First Name
• Middle Name
• Last Name
• Name on Card
• Date of Birth
• Mother’s Maiden Name
• Residential Address
• STD Code
• Landline Number
• Mobile Number
• Pin Code
• Permanent Address
• Employment Details
• Bank Details
Once the above-mentioned details are filled in, check it thoroughly before submitting the same through online.
Once the details are received by the bank, it will check the application thoroughly and decide whether the candidate is eligible to avail the credit card for which they have applied for or not. Based on the eligibility of the customer, they may or may not receive the credit card, it will be on the discretion of the Punjab National Bank to decide whether a customer has to be given credit card or not.
The Punjab National Bank has launched an app which acts as a single point destination for cardholders to operate their Punjab National Bank’s credit card easily without facing any hassles. One can quickly download this app and log in using the PNBCard Online User ID and Password to manage the account.
The app gives the user the following list of services:
• Payment history
• PIN generation
• Instant card Hot-listing
• Details of latest unbilled transactions
• Past statement records
• You can raise service request and can track its closure as well.
• An applicant should be in the age group of 21 years to 65 years.
• The age of add-on cardholder should not be less than 21 years and not more than 65 years at the time of submitting the application.
• The applicant should have at least passed the 10th standard exams.
• For Classic Card the income limit for the salaried class is minimum of Rs 1,00,000 per annum & for a self-employed minimum of Rs 1,00,000 per annum.
• For Gold Card: Salaried people minimum of Rs 2,50,000 per annum and for a self-employed minimum of Rs 2,00,000 per annum.
• For Platinum Cardholders: Salaried people and a self-employed minimum of Rs 5,00,000 per annum.
• The applicant should be a Resident Indian.
• The applicant should be an existing customer of the bank.
• The applicant should have a bank account maintained with the PNB at least for a period of 6 months.
• Identity Proof – Passport / PAN Card / Aadhaar Card / Driving License/ Election Voters ID Card
• Income Proof – Latest Income Tax Return Form/ Form 16/ Salary Slip/ Salary Certificate
• Address Proof – Telephone Bill/ Passport/ Electricity Bill/ Bank Passbook / Letter from recognized public authority / Aadhaar Card/ Ration Card
• PAN Card copy
• A color photograph
• Last three months bank statement
For Classic Card minimum limit is Rs 10,000 and maximum limit is Rs 1,00,000.
For Gold Card, minimum limit is Rs 50,000 and maximum limit is Rs 5,00,000.
For Platinum Card, minimum limit is Rs 50,000 and maximum limit is Rs 10,00,000.
Once the application reaches the production center of the Punjab National Bank, it generally takes 10-15 working days to process the application. After approval, the card will be dispatched either by courier or speed post, which usually takes another 7-15 working days depending on the location of the customer.
Q: What are the features of PNB credit cards?
A: Given below are some of the key features of PNB Credit Card:-
Worldwide Acceptance- PNB credit cards are accepted at ATMs and merchant establishments across the globe.
Rewards Programme- PNB credit card users can earn while they spend under PNB’s reward programme. The rate of reward-earning differs from one card to another.
Lost Card Liability Cover- In case you lose your credit card and report the loss immediately by calling on the toll-free number, you can avoid fraudulent transactions.
Add-on Credit Cards- PNB also gives you the opportunity to gift your family the power of spending in the form of add-on credit cards.
All-purpose Credit Card- PNB credit cards are suited for all types of spending including shopping, dining, travel, entertainment and others.
Interest-Free Period- Any cardholder who has paid the entire outstanding of his credit card balance or on before the due date, is eligible for a minimum of 20 days and a maximum of 50 days of the interest-free period.
Q: How can one increase Credit Limit in Punjab National Bank?
A: The customer who wants to increase the credit limit can write to the bank asking for an increase in the credit limit. While requesting for the increase, the cardholder needs to submit the income documents such as salary slip, bank statement, income tax returns, PAN Card and so on. However, the credit limit increase is determined solely at the discretion of the bank. The available credit limit is communicated to the cardholder at the time of card delivery.
Q: What is an IVR transaction?
A: An Interactive Voice Response transaction (IVR) can be conducted over the phone. The customer can provide their Credit Card details and follow the directions given by the bank’s automated system and make payments towards the purchase of goods and services etc.
Q: How does PNB IVR 3D secure transaction help the customer?
A: The ‘IVR 3D Secure transaction system offers added protection to your IVR transactions, by authorizing it through an OTP sent to the cardholders registered mobile number. This method can also be used to make purchases through any merchant IVR system as well.
Q: What is an add-on card?
A: A supplementary/add-on card refers to one or more credit cards that may be issued to family members of the primary cardholder. Add on cards share the total credit limit of the primary card account and have the same features as that of the primary card. Any reward points earned through the add-on card are credited to the primary card account.
Q: What is a Revolving Credit?
A: Revolving credit is a type of credit that does not have a fixed number of payments, in contrast to instalment credit (EMI). Credit cards are an example of revolving credit. He/she can make as many payments as required to pay off the due balance. If a customer pays off the credit card due partially then the balance amount will be carried forward to the next billing cycle.
Q: How can I avail a loan on my PNB credit card?
A: Availing a Loan on the basis of Credit card is at the sole discretion of the bank. PNB always communicate the same to card member periodically as an available offer on the card. Additionally, the card member can also place a request for same to the card issuing bank, however, the approval of the loan is at the discretion of the card issuing authority.
Q: Can I prepay the loan amount availed on credit card?
A: Yes, You may prepay or foreclose the loan availed on credit card by calling to Customer Care from your registered mobile number.
Q: Can I update a separate mobile number for OTP alerts on add-on card?
A: No, Transactions alerts and payment due-date alerts will be sent to primary cardholders mobile number only. You may update an add-on card mobile number regarding OTP alerts for online transactions made on an add-on card.
Q: How can I pay my credit card bill in PNB?
A: There are various ways through which one can pay off the credit card bills. The following are your options:
1. You can pay your credit card bill through net banking.
2. Also, You can pay your credit card bill through CHEQUE/DRAFT, NEFT/RTGS and by CASH by visiting your nearest branch.