The state-owned Punjab National Bank launched pre-qualified credit cards to provide customers with added benefits in August 2022. This new PNB credit card comes with various features that includes insurance coverage as well.
This facility is made available to the accounts of salaried customers. Such individuals can apply for this credit card through PNB One, which is the bank’s mobile banking app. Alternatively, one can proceed to the credit card’s application through internet banking or PNB’s website.
Read on to know more about this newly-launched credit card.
About PNB’s Pre-Qualified Credit Card
A pre-qualified credit card means the card issuer believes that at least some of the customer’s financial and personal information meets the requirements of the card. It doesn’t matter if it is the monthly income or one’s credit score.
Calling it a move towards creating a digitally sound ecosystem, PNB announced a hassle-free credit card service in August 2022. PNB’s new pre-qualified credit card service is fully digital and features a paperless, consent-based online application procedure.
Customers can get comprehensive insurance coverage, exciting reward points, complimentary domestic & international lounge access, complimentary gym sessions, spa, golf, health check, higher credit limits, and much more in a few clicks based on the information they enter.
In addition to these, this credit card by PNB has a new overdraft facility against fixed deposit on PNB One. This attractive service is available on the bank’s mobile banking app in just a few clicks.
Features and Benefits of PNB Pre-Qualified Credit Card
This PNB credit card is a unique offering that aims to maximise user benefits. Having said that, it exhibits the following features and benefits:
- Customers with salaried accounts can apply for the service via the bank’s website, PNB One mobile banking app or Internet Banking Service.
- Customers can apply for loans online rather than visiting a bank. One can get a 0.25% interest rate reduction on using the PNB One, the bank’s mobile banking app.
- The bank would issue the cards through two platforms: Rupay and Visa.
Here are a few other announced benefits of this new PNB credit card:
- Exciting bonus points
- Insurance protection
- Free domestic and international lounge access
- Examine your health
- Free golf, spa, and gym sessions
- Increased credit limits
Steps to Obtain Pre-Qualified PNB Credit Card
Interested individuals can obtain this PNB credit card easily through the online medium. The process is extremely simple and convenient:
Step 1: Visit the official website of Punjab National Bank
Step 2: Navigate to the pre-qualified credit card menu
Step 3: Enter bank account number and PAN
Step 4: Fill in the application with necessary details and submit it
Note that approval and denial of credit card applications is carried by the bank discreetly and depends on the individual’s eligibility.
Individuals looking for value-added credit cards can consider visiting Bajaj MARKETS, which is a diversified marketplace with various credit card options from leading banks of the country. This will help one compare between different card offers, know their features, rewards and other benefits and make a conscious decision.
Eligibility to Obtain PNB Pre-Qualified Credit Card
Individuals can obtain this PNB credit card by meeting the following eligibility parameters:
- One must be salaried with a steady income flow.
- The age of the applicant must fall within the range of 18 and 60.
Note that these are the basic eligibility parameters for all range of credit cards offered by PNB. The exact eligibility parameters for the pre-qualified credit card might vary.
Documents Required to Obtain PNB Pre-Qualified Credit Card
The process to obtain this credit card is paperless and can be completed conveniently online. Individuals simply need to furnish a few documents relating identification and address proof. They include:
Proof of identity (any one of the following)
- Voter ID card
- Aadhaar card
- Letter from an authorised public official or servant confirming the applicant’s address and identity
Proof of address (any one of the following)
- Electricity bill
- Ration card
- Bank account statement
- Letter from employer
- Voter ID card
- Aadhaar card
- Bank account statement of the previous 3 months
- Salary slips of past 3 months
- Form 16
- ITR copy
Upon obtaining this credit card, the next step is to devise an effective strategy for PNB credit card payment. This will ensure that individuals do not have to pay heavy penalties, which might pose added financial burden to them. One can set up auto-debt facility, or convert balance payments to EMIs for an effective credit card payment management system.
The new PNB credit card is a one-step plan to create a digital India. By providing attractive benefits to customers, this card aims to provide customised financial services for salaried individuals.