PNB Credit Card 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: 

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. 

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:

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 PNB charges a cash advance fee of 2% of the cash withdrawn or up to a maximum of Rs for every cash withdrawal transaction. 300, whichever is higher.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If you fail to settle the amount withdrawn as cash within the prescribed period, the outstanding balance will be carried forward, and this attracts finance charges according to the average daily balance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.

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.

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. 

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.