PNB RuPay Select Credit Card: rewards, caps and exclusions
Below is every rate, cap and exclusion in Punjab National Bank's published terms, as we last checked them on 27 October 2026.
What it earns
≈ marks a rate paid in points, valued at ₹0.25 a point. That is Zenidhi's conservative valuation, the same one the audit uses: the cheap end of what the points can be redeemed for, never the best transfer. Redeemed well, they can be worth more.
What earns nothing
Spend in these categories earns no rewards on this card, however it is paid for:
- Cash withdrawals and fees
- EMI conversions
What costs extra
Worse than earning nothing: Punjab National Bank charges a fee for these.
- 1% on Utility payments above ₹50,000 a billing cycle (from 1 Nov 2026), plus GST
Fees
- Annual fee: ₹750, plus 18% GST
- Joining fee: ₹500
Welcome benefit: 300 reward points on reaching the bank's spend condition.
Where this comes from
Transcribed from Punjab National Bank's own documents and checked against them on 27 October 2026:
- PNB RuPay Select card page, creditcard.pnb.bank.in
- PNB Rewardz Rewards Program page, creditcard.pnb.bank.in
- MITC for Retail Credit Cards, creditcard.pnb.bank.in (PDF)
- Key Fact Statement, creditcard.pnb.bank.in (PDF)
- creditcard.pnb.bank.in (PDF)
- creditcard.pnb.bank.in (PDF)
- Fuel Surcharge Waiver page, creditcard.pnb.bank.in
- Cardholder user guide, creditcard.pnb.bank.in (PDF)
Banks change these terms, sometimes with a month's notice. If a figure here disagrees with Punjab National Bank's current document, the bank's document is right. Tell us at support@zenidhi.com and we'll fix the rule, here and in the app.
Hold this card?
We know this card's rules, but we don't read Punjab National Bank's mail yet, so the audit can't check your swipes on it. Which banks we read