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What are the PNB Credit Card Fees and Charges?

Established in 1894, with its headquarters in Delhi, Punjab National Bank provides a variety of banking services, including issuing credit cards to its customers. Once you fulfill the eligibility conditions and make an online application, you too can enjoy the benefits of PNB credit cards. But did you know that the bank also levies certain charges and fees on different types of credit cards? Yes, PNB credit card charges broadly include PNB credit card annual fee, PNB credit card late payment charges, PNB cash advance fee and PNB credit card finance charges. While PNB credit card annual charges vary between different types of credit cards, the other PNB card charges, such as late payment fees and cash advance charges, remain the same. Here’s a look at the PNB credit card charges details: 

Types of PNB Credit Card Charges and Fees

The Punjab National Bank credit card charges can be broadly divided into four categories: annual fees, late payment fees, cash advance charges and finance charges. Here’s a look at the four types of PNB credit card fees:

1. Punjab National Bank credit card joining fees:

The joining fee is the charge that you’re required to pay at the time of activation of the credit card. The joining fees that you’re required to pay towards a PNB card is dependent on the type of card. Some cards may not levy any such fees, while others may levy fees ranging from ₹500 to ₹1,500. Here’s a table outlining the different PNB fees for various cards. 

Name of the credit card

Joining charges

PNB Visa Signature Credit Card

₹1,500

PNB RuPay Select Credit Card

₹500

PNB Global Platinum Credit Card

₹500

PNB Patanjali RuPay Select Card

₹500

PNB RuPay Platinum Credit Card

Zero

PNB Patanjali RuPay Platinum Card

Zero

PNB Rakshak RuPay Select Credit Card

Zero

PNB Rakshak RuPay Platinum Credit Card

Zero

2. PNB credit card late payment charges: The bank can levy late payment fees if you don’t settle your PNB credit card dues in time. The stipulated fees remain the same across all credit card categories. To understand the late payment charges, you can refer to the table given below:

Dues

Late payment charges

Credit card type

Rs. 100 or less

Zero late payment charges

All credit cards

Between Rs. 101 and Rs. 1,000

Rs. 200

All credit cards

Between Rs. 1,001 and Rs. 5,000

Rs. 500

All credit cards

Between Rs. 5,001 and Rs. 10,000

Rs. 600

All credit cards

More than Rs. 10,000

Rs. 750

All credit cards

3. PNB cash advance fee: There can be a scenario where you require urgent cash and withdraw cash using your PNB credit card from an ATM. For these transactions, the fee levied by the bank is called cash transaction fees. Remember, you can only withdraw the amount which is in sync with your pre-existing cash withdrawal limit. PNB charges a cash advance fee of 2% of the cash withdrawn or up to a maximum of Rs for every cash withdrawal transaction. 300, whichever is higher. The PNB cash advance fee is added to your monthly bill.

 

If you fail to settle the amount withdrawn as cash within the prescribed period, the outstanding balance will be carried forward, and this attracts finance charges according to the average daily balance method.

 

4. PNB finance charges for revolving credit: If you don’t have sufficient finances to pay your credit card dues, you can opt to avail of the provision of revolving credit. Here, you can pay an amount less than the total outstanding amount. In this scenario, your outstanding balance, along with the amount from new transactions, will attract a finance charge.

 

Till the payment of your previous dues, PNB will levy an interest rate of 2.95% per month as finance charges. For credit cards issued against fixed deposits, the finance charges are 1.5% per month.

Top 4 PNB Credit Charges & Fees

Before selecting the best PNB credit card, you must assess its benefits along with the associated charges. Here’s a look at the best PNB credit cards, along with their various charges and fees.

PNB credit card name

Joining fee

Annual charges

Renewal fee

Charge for add-on card

Rate of interest per month

PNB Global Platinum Credit Card

Rs. 500

Rs. 500

Zero

Rs. 500

2.45%

PNB Global Gold Credit Card

Rs. 300

Zero

Zero

Zero

2.45%

PNB Global Classic Credit Card

Zero

Zero

Zero

Zero

2.45%

PNB RuPay Select Credit Card

Rs. 500

Rs. 500

Zero

Zero

2.45%

Features & Benefits of PNB Credit Card

You stand to enjoy a wide range of features and benefits irrespective of the type of PNB credit card that you opt for. Some of the most important ones have been elaborated below. 

  • Multi-Purpose Cards 

PNB credit cards can be used for a wide range of financial requirements. Whether it is for shopping, travel, fuel purchases or dining, PNB cards can be used anywhere in the world. 

  • Exciting Rewards

With PNB cards, you get to earn while you spend. Each time you use your card to make payments, you earn reward points. These points can then be redeemed by you in favour of discount coupons, e-vouchers and other offers. 

  • Limited Liability on Lost Cards

In the case of a lost card, you carry limited liability on unauthorised transactions as long as you report the loss immediately to the PNB customer care cell. 

Why Choose Punjab National Bank Credit Card

Low PNB credit card charges aren't the only reason why you should choose to avail a credit card. In fact, there are many other reasons. Let’s take a quick look at a few of them. 

  • Bill Payment Facility 

With a PNB credit card, you can pay all of your utilities ranging from electricity and water to mobile phone and broadband bills instantly through VISA Bill Pay. 

  • Worldwide Acceptance

No matter where you are in the world, PNB credit cards can be used in almost all establishments and ATMs that accept VISA cards. 

  • Add-On Card Facility 

Irrespective of the type of credit card you own, you can avail up to 2 add-on cards for your family. That’s not all. You don’t have to pay any joining or annual PNB charges and fees on the add-on cards too. 

DISCLAIMER

The information provided by BFDL herein above is related to the Non-Partnered Banks/ NBFCs and is just for the purpose of information and under no circumstances the information provided hereinabove is intended to be source of advice or recommending any financial advice or endorsement of any sort. 

 The information including interest rates or fees and charges with regard to any credit card, provided on this website is gathered through publicly available sources over the internet and is considered as accurate and reliable to the best of our knowledge. BFDL disclaims any responsibility or liability regarding inaccuracies, omissions, mistakes etc. as well as offers by the Non-Partnered Banks or NBFCs. The use of information set out is entirely at the User’s own risk and User should exercise due care prior taking of any decision, on the basis of information mentioned hereinabove. You are advised to visit/ contact the respective Banks/ NBFCs to verify the information before making any application or opening an account. Further, BFDL does not undertake any responsibility or liability to update this information. YOU ARE SOLELY RESPONSIBLE FOR ANY LIABILITY OR DAMAGE YOU INCUR THROUGH ACCESS TO OR USE OF THE SITE OR SUCH INFORMATION OR MATERIALS EXCEPT WHERE THE LAWS AND REGULATIONS OF A PARTICULAR JURISDICTION CONCERNING WARRANTIES CANNOT BE WAIVED. Additionally, display of any trademarks, tradenames, logo and other subject matters of intellectual property owners. Display of such Intellectual Property along with the related product information does not imply BFDL’s partnership with the owner of the Intellectual Property of such products.

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FAQs on PNB Credit Card Charges

Are there any charges for PNB credit cards?

Depending upon the type of your credit card, you must pay PNB credit card annual fee and joining fee. Even if you have availed of a PNB zero annual fee credit card, depending upon the type of transaction, you will have to pay other charges such as finance charges and cash advance fees. If you fail to make timely payments, you also have to pay PNB credit card late payment charges. 

What is the PNB credit card annual fee?

All PNB credit cards don’t require payment of annual fees. You are only required to pay Rs. 500 as annual fees on PNB Global Platinum Credit Card and PNB RuPay Select Credit Card.

Are there any late payment fee for a PNB credit card?

Depending upon the outstanding amount of your credit card, PNB can charge a late payment fee ranging from Rs. 200 to Rs. 750. 

Is there an annual fee for PNB credit cards?

Yes. PNB credit cards do come with an annual fee payment requirement ranging from ₹500 to ₹1,500. However, not all of them require you to pay Annual PNB credit card fees. There are a few cards that come with zero annual fees as well.

What is the cost of obtaining an additional credit card?

To secure an add-on card for your family, you will be required to pay ₹500 as the PNB charges and fees.

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