Credit Cards tend to improvise our lives through the benefits they provide. However, we all know that there are times when you want a credit card but are not eligible for one. PNB Credit Card against FD has been launched to address this issue. Consequently, if you did not meet the eligibility requirements for standard credit cards, this card is for you. The Punjab National Bank is currently only offering this service to salary account holders. Furthermore, that credit card offers fantastic reward points, cash advances, and many other benefits. Besides that, PNB has become the first public sector bank to digitally launch a credit card against fixed deposits.
What are the advantages of a PNB Credit Card over a Fixed Deposit?
Punjab National Bank has taken a step forward to meet the ongoing demands. There are many of us who didn’t meet the credit cards eligibility like bad credit scores, credit history, unstable income, and many more. Therefore, we can’t apply for a credit card. Now you can easily apply for credit cards against your Fixed Deposit account in Punjab National Bank. However, as per the bank, it is necessary to maintain the required balance in the FD account.
PNB has also stated that you can get your card digitally with up to 80% credit limit against single or multiple FDs. Customers can avail of loans without visiting a bank branch. In addition, when using digital platforms such as PNB One, the bank offers a 0.25 percent interest rate reduction. The bank is offering the service on two platforms i.e RuPay and Visa.
Benefits of PNB Credit Card against Fixed Deposit
The top benefits that this PNB Credit Card against FD provides are:
- No documentation
- You didn’t have to visit the branch
- Zero Joining Fee
- Instant issuance of Virtual Credit Card
- Comprehensive Insurance coverage (on the RuPay version)
- Benefits of UPI Linkage on RuPay Credit Card
- Exciting Reward Points & Offers
PNB Credit Cards have been helping customers by providing them with all the requirements. However, PNB has taken a drastic step to improvise it for those who are not eligible for credit cards. In addition, to apply for this PNB Credit Card against FD you didn’t need to visit the branch. Neither do you have to pay any joining fees. This all adds up to make it a one-of-a-kind credit card with incredible benefits. If you want to enjoy the benefits of a credit card but are not eligible for one, you should give it out.