The verdict
A dependable, high-security premium credit card for loyal Punjab National Bank account holders and high-net-worth individuals. With generous domestic lounge access, substantial travel insurance, and dedicated concierge assistance, it delivers robust utility for frequent flyers.
Spending ₹25,000/mo on retail and travel (₹3,000 points/yr) + 8 domestic airport lounge visits (₹9,600) + saves ₹400 on fuel surcharge clears the ₹3 Lakhs annual spend to waive the ₹2,000 fee, delivering over ₹15,000 in net annual utility value (7.5× ROI).
Annual fee of ₹2,000 with ₹1,500 joining fee; reward yield is modest at 1.0%.
✓What works
- +8 complimentary domestic airport lounge visits per year across major Indian airports (2 visits per calendar quarter).
- +Earn 2 Reward Points for every ₹100 spent on all eligible domestic retail transactions (1.0% return).
- +Comprehensive complimentary ₹50 Lakhs air accident insurance cover.
- +Annual renewal fee of ₹2,000 waived on spending ₹3,00,000 in the anniversary year.
- +24/7 dedicated Visa Signature global lifestyle and travel concierge assistance.
- +1% fuel surcharge waiver on all petrol pumps across India on transactions between ₹500 and ₹4,000.
✕What doesn't
- −Joining fee of ₹1,500 + GST and annual fee of ₹2,000 + GST.
- −No complimentary international airport lounge access.
- −Standard 3.5% + GST forex markup on international transactions.
What it earns
1 Reward Point = ₹0.50 when redeemed for merchandise or shopping vouchers on the PNB Rewardz portal.
| Category | Rate | Monthly Cap | Per ₹1L spent |
|---|---|---|---|
| All Domestic Retail Spends | 2 pts / ₹100 (1.0%) | Uncapped | 2,000 pts (₹1,000 value) |
| Fuel & Rent | 0% | Excluded | 0 pts |
Accelerated earn
8 Domestic Airport Lounges + ₹50L Air Insurance
Travel with peace of mind and exclusive airport lounge privileges.
| Category / Channel | Multiplier Rate | Monthly Cap | Cap / Condition |
|---|---|---|---|
| Airport LoungesAcross Indian airports. | 8 / year · 2 / quarter | 2 / qtr | — |
| Air Accident CoverComplimentary protection. | Insurance · ₹50 Lakhs | — | — |
| Fee WaiverWaived at ₹3 Lakhs spend. | 100% · ₹2,000 Waived | 1 / year | — |
Redemption options
Redeem points directly on the PNB Rewardz portal for brand vouchers, airline tickets, or catalog merchandise.
| Redemption Channel | Value Per Point | Minimum | Ceiling / Limits | Fee |
|---|---|---|---|---|
| Brand Vouchers & Flight BookingsBEST VALUE | ₹0.50 / Reward Point | 500 pts | None | Nil |
| Catalog Merchandise | ₹0.35 / Reward Point | 500 pts | None | Nil |
Reward Scope: Inclusions & Exclusions
✓Eligible Spends (Inclusions)
- +General retail, groceries, dining, and travel bookings.
- +8 domestic airport lounge visits.
- +Complimentary add-on cards.
✕Excluded Spends & Fee Traps
- −Rent payments.
- −Fuel purchases (1% surcharge waiver on ₹500–₹4,000).
- −Wallet load transactions.
Fee Schedule & Waiver Criteria
| Fee Component | Amount / Rate |
|---|---|
| Joining Fee | ₹1,500 + GST |
| Annual Renewal Fee | ₹2,000 + GST (Waived at ₹3 Lakhs spend) |
| Forex Markup | 3.5% + GST |
| Finance Charges | 2.95% / month (35.4% / year) |
Eligibility & Approval Criteria
| Criteria | Requirement |
|---|---|
| Age | 21–65 years |
| Salaried Income | ₹50,000+ monthly net salary |
| Self-Employed Income | ITR above ₹6.0 Lakhs per annum |
Frequently Asked Questions
Does PNB Signature Credit Card offer airport lounge access?
What are the MITC charges, annual fees, and interest rates for PNB Signature Credit Card?
What is the reward rate and point redemption value on PNB Signature Credit Card?
Which transactions are excluded from earning rewards on PNB Signature Credit Card?
Who is PNB Signature Credit Card best suited for in 2026?
Editorial Deep-Dive Analysis
Comprehensive Overview: PNB Signature Credit Card
The PNB Signature Credit Card is Punjab National Bank’s flagship premium credit card, issued on the Visa Signature network. Designed for high-net-worth individuals, senior executives, and loyal banking patrons, the card carries a joining fee of ₹1,500 + GST and an annual renewal fee of ₹2,000 + GST, which is completely waived upon achieving ₹3,00,000 in eligible retail spending within the previous card anniversary year.
The card is anchored by robust domestic travel privileges, financial security protections, and lifestyle concierge services. Cardholders receive 8 complimentary domestic airport lounge visits per year (2 visits per calendar quarter) across primary airport hubs throughout India, backed by comprehensive ₹50 Lakhs air accident death insurance cover and 24/7 Visa Signature global concierge assistance. Coupled with 2 reward points per ₹100 spent on all retail transactions (1.0% return) and a 1% fuel surcharge waiver, the PNB Signature Credit Card provides dependable, upper-tier banking utility.
Key Privileges and Practical Everyday Benefits
- 8 Complimentary Domestic Airport Lounges: Enjoy 2 complimentary domestic airport lounge visits per calendar quarter (8 visits per year) across major Indian terminals.
- Substantial ₹50 Lakhs Air Accident Cover: Extensive complimentary personal air accident insurance cover of ₹50 Lakhs for the primary cardholder when tickets are booked via the card.
- 24/7 Visa Signature Concierge: Round-the-clock dedicated global concierge assistance for travel itineraries, hotel bookings, dining reservations, and ticketing.
- Attainable ₹3 Lakhs Fee Waiver: Achieve ₹3,00,000 or more in retail spending during a card anniversary year to reverse the ₹2,000 annual renewal fee.
- Universal Fuel Surcharge Waiver: Save 1% on fuel surcharge charges on fuel purchases between ₹500 and ₹4,000 at petrol pumps nationwide.
Important Terms and Spend Conditions to Keep in Mind
- Quarterly Lounge Allocation Limit: Domestic airport lounge access is capped strictly at 2 visits per calendar quarter and cannot be carried forward.
- Modest Reward Yield: Retail spending accrues 2 reward points per ₹100 spent (1.0% valueback), which is modest compared to specialized lifestyle or co-branded cards.
- Excluded Spend Categories: Fuel purchases, ATM cash withdrawals, and wallet reloads do not earn reward points.
- Foreign Currency Markup: International expenditures outside India incur a standard 3.50% + GST foreign currency markup fee.
- Premium Eligibility Thresholds: Requires a minimum net monthly salary of ₹50,000+ or an annual ITR exceeding ₹6,00,000.
Who Benefits Most
- High-Net-Worth PNB Banking Customers: Existing PNB account holders looking for a trusted, public-sector premium card with robust bank relationship backing.
- Frequent Domestic Travelers: Travelers flying every few months who can reliably utilize 8 complimentary domestic airport lounge visits annually.
- Security-Conscious Executives: Professionals seeking high-value ₹50 Lakhs air accident insurance protection alongside dedicated 24/7 lifestyle concierge services.
- Punjab National Bank — PNB Signature Credit Card schedule of charges
- PNB Cardholder Visa Signature benefit portal
Independent Editorial & Statutory Disclaimers
Institutional Transparency & Nominative Fair Use Statement
CredSutra operates as an independent credit card discovery and consumer intelligence engine. CredSutra is NOT a bank, Non-Banking Financial Company (NBFC), Direct Selling Agent (DSA), or Lending Service Provider (LSP).