PNB Credit Card Eligibility and Documents Required

Punjab National Bank is one of India’s oldest and most trusted banks. With a host of cards offered, you can choose the right one depending on your needs and lifestyle, and make the most of the benefits that come with it.

 

You can make huge savings with the offers and rewards offered with a PNB credit card. However, to apply for a credit card, you have to meet the PNB credit card eligibility and submit the documents required. 

To know the different types of cards you can choose from, PNB credit card eligibility, and more, read on.

With PNB, you have a wide range of credit card categories to choose from. These cards can cater to different needs and can make your credit card use rewarding. Listed below are some of the top cards you can avail:

• Shopping card

• Business card

• Cashback card

• Lifestyle Card

• Lifetime free credit card

 

Some of the top cards that you can avail under these categories include the following:

• PNB Global Classic Credit Card

• PNB Global Platinum Credit Card

• PNB Rupay Millennial Card

• PNB Wave & PayCredit Card

• PNB RuPay Platinum Card

• PNB Visa Signature Card

 

It is important to note that the PNB credit card eligibility for every card, even if in the same category, will differ as per the bank’s policy. Check the exact eligibility criteria before applying to increase your chances of seamless approval.

Although the eligibility may differ for every card, there are certain common criteria that you should know before applying. Given below are some of the common PNB credit card eligibility criteria: 

• Age: To apply for a credit card, you should be above 21 years but under 70 years. However, if you are applying for an add-on card, the minimum age criterion is 18 years.

• Nationality and Education: To avail a PNB credit card, you need to be literate and be an Indian citizen.

• Source of income:

  If applying for a primary card, you should have an independent source of income, and the proof of income has to be enclosed with the application. 

• Annual income: To completely meet the PNB credit card eligibility criteria, you should be either a salaried professional or a self-employed individual. This is a crucial criteria that the issuer considers before approving a credit card application. 

 

Here is the PNB credit card eligibility criteria based on minimum annual income.

1. For existing PNB customers:

Disclaimer: The limits mentioned above are subject to change at the bank’s discretion

2. For new PNB customers:

Disclaimer: The limits mentioned above are subject to change at the bank’s discretion

1. Application form: You can download it from the PNB’s Official website or get it from any Punjab National Bank branch.

 

2. Photograph: A copy of a recent picture taken

 

3. Proof of present/correspondence/permanent residence 

 

• Property Registration Document 

• Driver’s License 

• Aadhaar card 

• Passport 

• Person of Indian Origin Card 

• Ration Card 

• Bank Account Statement

 

4. Proof of identity 

• Driver’s License 

• Aadhaar card 

• PAN Card

• Voter’s ID 

• Passport 

• Person of Indian Origin Card 

 

• Overseas Citizen of India Card

 

 

5. Proof of income - Any of the following latest documents can be submitted.

Below mentioned are some of the factors that affect the PNB credit card eligibility criteria.

• Stable Income Source

You should be a salaried professional or a self-employed individual and must have a stable source of income. This gives assurance that you will repay the dues on time and in full. 

• Credit Score

If you have a good credit score and a history with no-defaults, your chances of seamless approval may increase. Generally, having a credit score above 750 can show good creditworthiness.

• Location

Before applying for a PNB credit card, an applicant should check the list of serviceable cities or locations. Banks do not offer services in certain locations.

• Age of the Applicant

Your age matters while issuing a credit card, as using a credit card becomes a huge responsibility. 

• Loan Enquiries

Multiple loan enquiries suggest that you are credit hungry, making you a high-risk borrower. In some cases, it also means that you may have a higher chance of default. Given this, you should ensure that you are not applying frequently. Ideally, you should apply at intervals of 6 months, if needed. 

If you are a new customer, you will need to follow these steps to apply for a credit card:

• Visit the PNB official website

• Go to ‘Apply Card Online’

• Follow the procedure 

• Fill in the required details to begin the application

 

After submitting your details, the bank will verify the information and contact you. Ensure that you keep the documents easily accessible for a seamless process.

If you are an existing customer, you will need to follow these steps to apply for a credit card:

• Visit the PNB official website

• Go to ‘Apply Card Online’

• Choose to resume your application 

• Fill in the required details

 

After submitting your details, the bank will verify the information and contact you for further processing. 

The credit limit you avail is solely at the bank’s discretion. However, there are a few steps that you can do to increase your limit. Majority of these steps revolve around improving your overall creditworthiness, one of the most important PNB credit card eligibility criteria. 

 

To this end, you can:

• Increase your monthly and annual income

• Use the card frequently but responsibly

• Pay the bills on time

• Improve your creditworthiness and credit score

 

To apply for a higher limit, you will have to submit an application to the bank. However, keep in mind that increasing the limit is at the bank’s discretion and working on the above increases your chances of getting a higher limit.