PNB RuPay Select Patanjali Credit Card
The PNB RuPay Select Patanjali Credit Card is a co-branded credit card launched by Punjab National Bank (PNB) in partnership with Patanjali Ayurved Limited on the RuPay network. The card comes with a joining fee of ₹500 and offers 300 Reward Points worth ₹150 as a welcome benefit. Cardholders earn 2 Reward Points for every ₹150 spent and can also get 2% cashback on purchases made at Patanjali stores. The annual fee is ₹750, but it can be waived if the card is used at least once every quarter.
Apart from rewards and cashback, the PNB RuPay Select Patanjali Credit Card also offers complimentary access to domestic airport lounges once every quarter. The card is issued as a contactless RuPay credit card and is designed to provide extra savings and benefits to Patanjali customers. It is one of two Patanjali co-branded credit cards offered by PNB, with the Select variant providing more benefits than the Platinum version.
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 RuPay Select Patanjali Credit Card - Features, Benefits, Fees & Eligibility
The PNB RuPay Select Patanjali Credit Card is a co-branded credit card launched by Punjab National Bank (PNB) in partnership with Patanjali Ayurved Limited. This card is designed for customers who regularly shop at Patanjali stores and want to earn rewards on their daily spending. Along with cashback on Patanjali purchases, the card offers reward points, airport lounge access, insurance coverage, and fuel surcharge benefits.
If you are looking for an affordable RuPay credit card with decent lifestyle benefits and an easy annual fee waiver, the PNB RuPay Select Patanjali Credit Card can be a good option to consider.
PNB RuPay Select Patanjali Credit Card at a Glance
| Feature | Details |
|---|---|
| Joining Fee | ₹500 |
| Annual Fee | ₹750 |
| Welcome Benefit | 300 Reward Points |
| Reward Rate | 2 Reward Points per ₹150 spent |
| Patanjali Cashback | 2% cashback on purchases above ₹2,500 |
| Lounge Access | 2 domestic lounge visits per quarter |
| Insurance Cover | Up to ₹10 lakh |
| Fuel Surcharge Waiver | 1% on eligible fuel transactions |
| Annual Fee Waiver | Card usage at least once every quarter |
| Credit Limit | ₹50,000 to ₹10 lakh |
Welcome Benefits
The card offers 300 bonus Reward Points when you make your first retail transaction within 90 days of receiving the card. During the first 90 days, eligible online and offline retail transactions also earn double reward points, helping new users collect rewards faster.
For someone who starts using the card regularly after approval, this welcome offer can provide extra value during the initial months.
Reward Points and Cashback Benefits
Cardholders earn 2 Reward Points for every ₹150 spent on eligible purchases. You can also earn 2% cashback on Patanjali purchases of ₹2,500 or above, in addition to the card’s regular rewards. However, cashback is limited to ₹50 per transaction.
For example, if you purchase Patanjali products worth ₹3,000 from a Patanjali store, you can earn ₹50 cashback along with reward points on the transaction. This makes the card especially useful for regular Patanjali shoppers.
Why Patanjali Customers May Like This Card
Many credit cards offer rewards on general spending, but very few provide dedicated benefits for Patanjali purchases. This is where the PNB RuPay Select Patanjali Credit Card stands out.
Families that regularly buy groceries, healthcare products, personal care items, and other Patanjali products can enjoy additional savings through cashback benefits. Over time, these savings can add up and help reduce overall household expenses.
Airport Lounge and Travel Benefits
The card provides 2 complimentary domestic airport lounge visits every quarter, allowing cardholders to enjoy up to 8 free lounge visits every year. This feature can be particularly useful for business travelers and frequent flyers.
Instead of waiting in crowded airport terminals, eligible cardholders can relax in participating lounges and access facilities such as comfortable seating, refreshments, and Wi-Fi services.
Insurance Protection
One of the major advantages of this card is its complimentary insurance coverage. Cardholders receive insurance protection of up to ₹10 lakh against accidental death and permanent total disability.
Although insurance may not be the first feature people look for in a credit card, having this additional protection can provide valuable financial security for cardholders and their families.
Fuel Savings Benefits
The card offers a 1% fuel surcharge waiver on fuel transactions between ₹500 and ₹3,000. The maximum waiver is capped at ₹350 per billing cycle.
If you frequently use your vehicle for daily commuting or business purposes, this benefit can help reduce your fuel expenses throughout the year.
Fees and Charges
The PNB RuPay Select Patanjali Credit Card comes with a joining fee of ₹500 and an annual fee of ₹750. However, the annual fee can be waived easily.
You only need to use the card at least once every quarter during the previous year to qualify for the annual fee waiver. This is one of the easiest fee waiver conditions available among many entry-level credit cards.
The card also carries an interest rate of 2.95% per month and a foreign currency markup fee of 3.5% on international transactions.
Eligibility Criteria
To apply for this credit card, applicants must meet the following requirements:
- Age between 21 and 65 years for primary cardholders.
- Minimum annual income of more than ₹5 lakh.
- Valid identity and address proof.
- PAN Card and income proof.
Salaried individuals can submit their latest salary slips, while self-employed applicants can provide their latest Income Tax Return (ITR).
Credit Limit Offered
The PNB RuPay Select Patanjali Credit Card generally offers a credit limit ranging from ₹50,000 to ₹10 lakh. The final limit depends on factors such as income, credit score, repayment history, and overall credit profile.
Applicants with a strong credit history and higher income are more likely to receive a higher credit limit compared to those with limited credit experience.
Should You Apply for This Card?
If you regularly shop at Patanjali stores and want additional cashback on those purchases, this card can offer good value. The combination of reward points, airport lounge access, insurance coverage, fuel savings, and easy annual fee waiver makes it suitable for everyday use.
The card may not be ideal for people looking for premium travel benefits or very high reward rates. However, for budget-conscious users who want a low-cost RuPay credit card with useful lifestyle benefits, it can be a practical choice.
PNB RuPay Select Patanjali Credit Card Review
The PNB RuPay Select Patanjali Credit Card is a well-rounded entry-level credit card that combines rewards, cashback, travel benefits, and insurance coverage in a single package. Its biggest advantage is the exclusive cashback on Patanjali purchases, which can help loyal Patanjali customers save more on their regular spending.
With a credit limit of up to ₹10 lakh, complimentary airport lounge access, fuel surcharge waiver, and an annual fee that can be waived easily, the card offers good value for individuals seeking an affordable and rewarding RuPay credit card in India.
What are the key benefits of the PNB RuPay Select Patanjali Credit Card?
The card offers reward points on spending, 2% cashback on eligible Patanjali purchases, complimentary airport lounge access, fuel surcharge waiver, and insurance coverage of up to ₹10 lakh.
What are the joining and annual fees of this credit card?
The card charges a joining fee of ₹500 and an annual fee of ₹750. The annual fee can be waived if you use the card at least once every quarter.
How much cashback can I earn at Patanjali stores?
You can earn 2% cashback on Patanjali purchases of ₹2,500 or more, subject to a maximum cashback of ₹50 per transaction.
What credit limit can I get with this card?
The card offers a credit limit ranging from ₹50,000 to ₹10 lakh, depending on your income, credit score, and eligibility.
Does the card provide any insurance benefits?
Yes, cardholders get complimentary insurance coverage of up to ₹10 lakh against accidental death and permanent total disability.
How much is each Reward Point worth?
Each Reward Point has a redemption value of ₹0.50.
What interest rate is charged on outstanding balances?
The card charges interest at the rate of 2.95% per month on unpaid dues.
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