PNB Patanjali RuPay Platinum Credit Card
The PNB Patanjali RuPay Platinum Credit Card is a simple and affordable credit card made for people who often shop at Patanjali stores. It comes with no joining fee and a low annual fee of ₹500, which can be waived if you use the card regularly. With this card, you can get 2% cashback on purchases at Patanjali stores and earn reward points on other retail spending. You can also earn extra reward points by registering for the e-bill service.
The card also offers a few useful travel and security benefits. Cardholders get complimentary domestic airport lounge access every year, making travel more comfortable. It also provides insurance coverage against accidental death and permanent disability. In addition, you can enjoy special cashback and discount offers at selected restaurants. Overall, this card is a good choice for people looking for basic rewards, cashback, and travel benefits at a low cost.
Rewards and Benefits
Fees & Charges
What should you consider before applying for a credit card in India?
Key Considerations Before Applying for a Credit Card in India:
- Eligibility Criteria: Ensure you meet the eligibility requirements, which typically include age, income, credit score, and employment status as defined by the issuing bank or financial institution.
- Credit Score: A strong credit score can significantly improve your chances of approval and result in more favorable terms, such as lower interest rates or higher credit limits. Verify that your credit score is healthy before applying.
- Interest Rates and Fees: Compare the annual percentage rates (APR), processing fees, late payment penalties, and foreign transaction charges associated with various cards. These costs can vary widely and impact the overall value of the card.
- Rewards and Benefits: Evaluate the rewards, cashback, discounts, or other perks offered by the card to ensure they align with your spending patterns. Some cards may provide better benefits in specific categories, such as travel, shopping, or dining.
- Credit Limit: Review the credit limit offered by the card to ensure it meets your financial needs. Avoid applying for cards with excessive limits if you are concerned about managing debt, as this can lead to higher interest charges.
- Repayment Terms: Understand the repayment structure, including the minimum payment amount, payment due dates, and any associated penalties. Being clear about these terms can help you manage payments effectively and avoid interest buildup.
- Card Type and Features: Choose a card type that matches your specific needs—whether standard, premium, or specialized cards like those offering travel rewards or dining privileges. Ensure the features of the card align with your lifestyle and spending habits.
- Bank’s Reputation: Opt for a financial institution with a proven reputation for customer service and transparency. Consider researching customer reviews and assessing their support channels to ensure reliable service.
- Hidden Charges: Be aware of any hidden fees, including annual fees, balance transfer charges, foreign transaction fees, or cash withdrawal charges. These can add up over time and affect the overall cost-effectiveness of the card.
- Credit Utilization: Maintain a balance within your credit limit to avoid high credit utilization ratios, which can negatively impact your credit score. Responsible use of credit is essential for maintaining financial health.
- Long-Term Financial Plans: Consider how the credit card fits into your overall financial strategy. Avoid accumulating unnecessary debt and choose a card that supports your long-term financial goals without adding financial strain.
PNB Patanjali RuPay Platinum Credit Card – Key Features, Benefits & Eligibility
The PNB Patanjali RuPay Platinum Credit Card is a co-branded credit card offered by Punjab National Bank (PNB) in partnership with Patanjali. It is designed for people who regularly buy Patanjali products and want a credit card with useful benefits at a low cost. With no joining fee, cashback on Patanjali purchases, reward points on everyday spending, and complimentary airport lounge access, this card offers good value for daily use.
Unlike many premium credit cards that charge high annual fees, this card keeps costs low while still providing rewards, travel benefits, and insurance coverage. If you are looking for a simple credit card for shopping, utility payments, and regular expenses, this card can be a practical option.
Why Should You Consider This Credit Card?
Many people apply for credit cards only for discounts and cashback. The PNB Patanjali RuPay Platinum Credit Card goes a step further by combining cashback, reward points, travel benefits, and insurance coverage in a single card.
The main benefit is that you don’t need to pay any joining fee, and the yearly fee can be easily removed if you use the card at least once every three months. This makes it suitable for first-time credit card users as well as experienced users looking for a low-maintenance card.
Key Features and Benefits
- 300 welcome Reward Points on the first eligible retail transaction.
- 2% cashback on purchases at Patanjali stores.
- 1 Reward Point for every ₹150 spent on retail transactions.
- Complimentary domestic airport lounge access.
- Insurance cover of up to ₹2 lakh.
- You can save 1% on fuel charges when you pay for eligible fuel purchases using the card.
- Zero joining fee.
- Annual fee waiver facility available.
Welcome Benefits
New cardholders receive 300 bonus Reward Points after making their first retail transaction within 90 days of card issuance. This welcome benefit allows users to start earning rewards immediately after receiving the card.
Additionally, customers can earn extra reward points by registering for the e-bill facility, making the card even more rewarding for digital users.
Earn Cashback and Reward Points
One of the main benefits of this card is that it offers cashback and rewards.
Cardholders earn 1 Reward Point for every ₹150 spent on eligible retail purchases. These reward points can later be redeemed for shopping vouchers, travel bookings, movie tickets, mobile recharges, and other options available through the rewards platform.
For Patanjali shoppers, the card becomes even more valuable. Customers receive 2% cashback on purchases worth ₹2,500 or more at Patanjali stores, with cashback capped at ₹50 per transaction.
Real-Life Example
Suppose you visit a Patanjali store every month and spend around ₹3,000 on groceries, health products, and personal care items.
- Purchase Amount: ₹3,000
- Cashback Earned: ₹50
- Annual Cashback (12 months): ₹600
This means you can recover more than the annual fee through cashback alone if you regularly shop at Patanjali stores.
Travel Benefits for Frequent Travelers
Many low-fee credit cards do not offer airport lounge access. However, the PNB Patanjali RuPay Platinum Credit Card provides complimentary access to selected domestic airport lounges.
Cardholders receive:
- 2 complimentary lounge visits every quarter
- You can enjoy up to 8 free airport lounge visits every year
This feature can be useful for business travelers and frequent flyers who want a more comfortable airport experience without paying additional charges.
Additional Savings on Fuel
Fuel expenses form a significant part of monthly spending for many Indian households.
The card offers a 1% fuel surcharge waiver on fuel transactions between ₹500 and ₹3,000. The maximum benefit available is ₹250 per billing cycle.
Although the savings may seem small on individual transactions, they can add up over time for regular commuters.
Fees and Charges
| Particulars | Charges |
|---|---|
| Joining Fee | Nil |
| Annual Fee | ₹500 |
| Interest Rate | 2.95% per month |
| Forex Markup Fee | 3.5% |
| Domestic ATM Cash Withdrawal | 2% of amount withdrawn (minimum charges applicable) |
The annual fee can be waived if the card is used at least once every quarter during the previous membership year.
Insurance Protection for Added Security
The card also gives free insurance cover, which offers extra financial safety. Cardholders receive insurance coverage of up to ₹2 lakh against accidental death and personal disability. While this should not replace a dedicated insurance policy, it is a useful additional benefit available at no extra cost.
Who Should Apply for This Card?
This credit card is best suited for:
- Regular Patanjali customers.
- People looking for a low-cost credit card.
- First-time credit card users.
- Customers who want domestic airport lounge access.
- Individuals seeking cashback and reward points on everyday spending.
However, if your primary spending is on international travel or foreign transactions, you may find other travel-focused credit cards more suitable.
Eligibility Criteria
To apply for the PNB Patanjali RuPay Platinum Credit Card, applicants generally need to meet the following requirements:
- Age between 21 and 65 years.
- Stable source of income.
- Minimum annual income of ₹5 lakh.
- Valid KYC and income documents.
Usually, you need to provide documents like a PAN card, Aadhaar card, proof of address, a passport-size photo, and proof of income.
PNB Patanjali RuPay Platinum Credit Card Review
The PNB Patanjali RuPay Platinum Credit Card is a simple, affordable, and rewarding credit card for everyday users. It stands out because of its cashback benefits on Patanjali purchases, reward points on regular spending, complimentary airport lounge access, fuel surcharge waiver, and insurance coverage.
For consumers who frequently shop at Patanjali stores and want a low-fee credit card with practical benefits, this card offers good value. The easy annual fee waiver condition further improves its appeal, making it a cost-effective choice for budget-conscious Indian consumers.
What benefits do I get with the PNB Patanjali RuPay Platinum Credit Card?
The card offers Patanjali cashback, reward points on spending, welcome rewards, domestic airport lounge access, and complimentary insurance coverage.
Is there any joining or annual fee for this card?
There is no joining fee. The annual fee is ₹500, which can be waived by making at least one retail transaction in every quarter.
How can I earn cashback and reward points?
You get 2% cashback on purchases at Patanjali stores (up to ₹50 per transaction), 300 welcome Reward Points on your first retail transaction, and 1 Reward Point for every ₹150 spent on eligible retail purchases.
Can I use this card to access airport lounges?
Yes, the card provides complimentary access to selected domestic airport lounges. International lounge access is not included.
What is the maximum credit limit available on this card?
The credit limit can go up to ₹5 lakh, depending on the bank's assessment and your eligibility.
What is the interest rate charged on outstanding dues?
The card carries an interest rate of 2.95% per month on unpaid balances.
What documents are needed to apply for this credit card?
You generally need PAN, Aadhaar, identity proof, address proof, and income documents as per the bank's KYC requirements.
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