PNB Credit Card Eligibility and Documents Required

Punjab National Bank offers various credit cards through which you can enjoy instant access to funds and numerous other benefits. To get a PNB Credit Card, you need to meet the Punjab National Bank credit card eligibility and submit the required documents. 

Read on to know the eligibility criteria you need to meet to apply for a PNB Credit Card, the different types of cards offered by the bank, and more.

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 Punjab National Bank Credit Card eligibility criteria: 

• Age: You should be above 21 years but under 70 years, 18 years or above if you are applying for an add-on card or a card against an FD

• Source of Income: If applying for a primary card, you should have an independent source of income and enclose the proof of income with the application

• Annual Income: You should be a salaried professional or a self-employed individual

 

Here are the Punjab National Bank 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.

Here are the documents that you need to submit to apply for a PNB Credit Card.

 

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

 

2. Photograph: A copy of your recent picture 

 

3. Proof of Present/Correspondence/Permanent Residence 

• Property Registration Document 

• Driver’s licence 

• Aadhaar card 

• Passport 

• Person of Indian Origin Card 

• Ration card 

• Bank account statement

 

4. Proof of Identity 

• Driver’s licence 

• Aadhaar card 

• PAN card

• Voter’s ID 

• Passport 

• Person of Indian Origin Card 

• Overseas Citizen of India Card

 

5. Proof of Income – You can submit any of the following latest documents.

Here are some of the factors that affect the Punjab National Bank Credit Card eligibility criteria.

1. Income Source

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

2. 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.

3. Location

Before applying for a PNB Credit Card, check the list of serviceable cities or locations. Some banks do not offer services in certain locations.

4. Age of the Applicant

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

5. 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, follow these steps to apply for a PNB Credit Card:

• Visit the PNB official website

• Go to ‘Apply Card Online’

• Select ‘No’ under the question - ‘Are you an existing Punjab National Bank Customer?’

• 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 need to follow these steps to apply for a PNB credit card:

• Visit the PNB official website

• Go to ‘Apply Card Online’

• Select ‘Yes’ under the question - ‘Are you an existing Punjab National Bank Customer?’

• Fill in the required details to apply

 

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

The credit limit you get is solely at the bank’s discretion. However, there are a few steps that you can take to increase your limit. The majority of these steps revolve around improving your overall creditworthiness, one of the most important Punjab National Bank 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

• Reduce your expenses and other financial liabilities

 

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.

 

You can compare some of the top credit card issuers on Bajaj Markets and select a card that best suits your requirements.