Punjab National Bank and Patanjali Ayurved Limited have launched a co-branded credit card in partnership with the National Payments Corporation of India. These co-branded credit cards are offered on NCPI’s RuPay Platform and is available in two variants – PNB RuPay Platinum and PNB RuPay Select.
Starting the year 2022 on a positive note, both the co-branded cards come with a host of attractive benefits and spend-based offers for the users. They offer a hassle-free credit service to purchase day-to-day Patanjali products, along with cash backs, loyalty points, insurance cover and more. For three months from the card launch, the cardholders may enjoy suitable cashback @2% for transactions over and above ₹ 2500, subject to a ceiling of ₹ 50 per transaction at Patanjali Stores across the country.
PNB RuPay Platinum and PNB RuPay Select cardholders will receive a additional welcome bonus of 300 reward points on activation. The customers will also get complimentary domestic and international airport lounge access, the PNB Genie Mobile Application for card management, add-on card facility, lucrative reward points on spends, along with cash advance/revolve, installments and auto-debit facilities.
Platinum and Select cards also come with attractive insurance cover of ₹ 2 lakhs and ₹ 10 lakhs respectively for Accidental Death and Personal Total Disability. Platinum Card offers a credit limit of ₹ 25,000 to ₹ 5 lakhs and Select Card ₹ 50,000 to ₹ 10 lakhs. The Platinum card does not have a joining fee but an annual fee of ₹ 500 will apply. The Select version has joining fee of ₹ 500 and an annual fee of ₹ 750. The annual fees will be waived off in case of the card is used at least once in each quarter in the preceding year.
