PNB RuPay Select
DowngradeA near-free lounge claim from India's second-largest PSU bank — with a quota and a network still unnamed.
a year at ₹40,000 a month, after the fee
Skip the arithmetic — the board, ranked → · nothing to sign up for
What it's worth to you, after the fee
Welcome: 300 Reward Points on a first retail or online transaction within 90 days of receiving the card
Priced on the everyday mix — 30% groceries · 10% utilities · 20% travel · 6% fuel · 34% everything else — with this card's published category rules applied. Plus milestones, minus the fee. No accelerator credit — the ranking model on /compare adds ~20% of spend at the card's best accelerator, so its ₹ for this card reads higher.
How these numbers are computed — and why the rankings show a bigger one →
Spend tiers, milestones and fee waivers included, at our house ₹/point. Portal and category multipliers can push higher — run your exact number →
Pays for itself at ₹19,000 a month
At ₹19,000 a month — ₹2,28,000 a year — on the everyday mix this card returns ₹800 gross (earn ₹800) against its ₹750 fee = ₹0 net — the first rung at or above ₹0. The ladder runs in ₹1,000 steps to ₹1,00,000 a month and ₹10,000 steps to ₹5,00,000; figures are rounded to the hundred, and the accelerator is never credited.
2 notes on the card itself: how it is issued · the network variants
The take
RuPay Select is PNB's volume card, and the annual fee is real only on paper: ₹750, waived every year the card is used once a quarter, which any active holder clears without trying — so treat it as lifetime-free in practice. The joining fee is a flat ₹500 with no waiver condition published. Against that near-zero cost sits a genuinely interesting claim: "Complimentary Domestic and international Lounge Program." That is the whole reason to onboard a nine-bullet product page — a reader searching this card's name wants exactly that fact — but PNB does not publish a visit count, a guest policy or the lounge network behind it anywhere on the page or in the bank-wide Key Fact Statement, so we cannot size it. The page also promises "2X reward points on retail merchandise" without ever stating what 1X is — but PNB's Rewardz programme page does: RuPay Select earns 2 points per ₹150, or 1.33 per ₹100, which at the ₹0.25 PNB's own MITC assigns a point is 0.33%. So the multiplier is usable after all, and it doubles a third of a percent. Hold it for near-zero cost and an unquantified lounge door; the rewards program is real but small.
Your renewal — keep, downgrade or cancel
Here is the fee, the spend that clears it, and everything that has moved under this card since you last decided.
Keep, downgrade or cancel
₹750/yr at stake · 5 spend bands
The charge ₹500 joining, then ₹750/yr
Break-even ₹19,000 a month — ₹2,28,000 a year — is where this card's value crosses its fee.
At your spend
₹200 a year, net of the fee, at ₹3,00,000 of annual spend
₹1,200 a year, net of the fee, at ₹6,00,000 of annual spend
₹3,200 a year, net of the fee, at ₹12,00,000 of annual spend
₹11,200 a year, net of the fee, at ₹36,00,000 of annual spend
₹19,200 a year, net of the fee, at ₹60,00,000 of annual spend
Everyday earn plus milestones, minus the fee — the same model as the value panel above, so the two cannot disagree. run your exact spend →
Your copy of this card
You hold this card.
Kept on this device, in your browser. It is never sent to us, never synced, and nothing else on the site reads it yet.
The downgrade
Punjab National Bank publishes no document naming a card you can step down to, so we name none — an invented product change is a phone call you would waste. That leaves keep or cancel, and the numbers above are the whole of it.
If you call to cancel
What the bank offers to keep you is the one fact this desk cannot compute. We are collecting those reports — dated, and only in aggregate — before publishing any: an offer one reader was made is not one you are owed. Called about this card? Tell us what they offered →
The desk publishes subscribable .ics feeds for the dates it knows — offer deadlines, devaluations, expiry audits. Your renewal date is not one of them: only your statement knows it.
What's good
- Effectively lifetime-free: ₹750 annual fee waived on one transaction a quarter, ₹500 flat joining fee
- Complimentary domestic and international lounge access is claimed on PNB's own product page
- 2 Reward Points per ₹150 (0.33% at ₹0.25 a point), doubled on retail merchandise, plus 300 points on a first transaction within 90 days
Watch out
- No lounge quota, no lounge network and no forex markup published anywhere PNB writes about this card — the earn rate lives on the Rewardz programme page, not the card's own
- The 2X retail multiplier doubles 0.33%, not a headline rate — 0.67% back on merchandise is the ceiling here
- 3.5% forex markup applies (PNB's bank-wide fee schedule; this card is not the nil-forex LUXURA)
What these points actually fly
No live transfer route takes PNB Reward Points into a programme that publishes an award chart. These points buy catalogue and portal redemptions, not award seats — so this page has no flight to show you, and will not invent one.
what the cards that DO reach a chart can fly — 2,196 corridors priced →
What earns, what doesn't
2 sourced rules · 1 pay zero
PNB publishes NO merchant-category exclusion list for any card on its shelf — not on the product pages, not in the Key Fact Statement, not in the MITC, which mentions merchant categories only to reserve the bank's right to BLOCK a card transacting on restricted MCCs. So this row states the two deviations PNB does document and nothing else; every other category answers "not published" rather than a guess.
- EMI conversions / merchant EMI · excluded No points survive an EMI conversion — PNB's MITC states it bank-wide: "On availing the EMI facility, reward points if any that have been accrued on the original transaction shall be reversed." PNB charges 2% of the transaction (min ₹100 instant / ₹200 Easy Pay) to convert, and 12–18%/yr on the instalments
per Punjab National Bank T&C · rank every card by spend category →
Lounge access
0 of 793 tracked doors
No lounge access. This card opens exactly 0 of 793 tracked lounge doors — board with the crowd, or find a card that doesn't →
Can you get it?
the route in — no cutoffs published
The cutoffs and the actual route in — not the "apply now" button, the door that opens.
Not confirmed on sale — the issuer still documents this card but we could not confirm it is open to new applications. Treat any application path with care.
Punjab National Bank publishes no income or age cutoffs for this card. Blank means blank — we don't invent numbers to fill a grid.
per the official Punjab National Bank MITC — figures marked (community) aren't in the PDF; the issuer won't say · filter the board by what you can get →
The fine print
7 of 7 MITC rows published
What the MITC actually says — the rates, fees and cutoffs the brochure skips.
₹500 to join and ₹750 a year, and the annual fee is waived in any year the card is used at least once each quarter — so the recurring charge is effectively optional, but the joining fee is not. PNB's Rewardz programme page prices the earn at 2 points per ₹150 (1.33 per ₹100, or 0.33% at ₹0.25 a point) plus 300 points for a first retail or online transaction within 90 days. The card's own page claims a "Complimentary Domestic and international Lounge Program" and publishes no visit count, no guest policy and no network behind it — which is why the lounge row for this card says so rather than inventing a quota. Interest-free period 20–50 days, minimum amount due 5%, cash-advance limit 20% of the credit limit. Fuel surcharge waiver 1% (min ₹12.50) on fills above ₹500 and below ₹4,000, capped ₹350 a billing cycle — ₹100 more headroom than the Platinum tier. The MITC values a point at 25 paise; pnbcard.in/rewards.html still says 50 paise. PNB publishes no income or age criterion on this card's own page.
per the official Punjab National Bank MITC · reviewed 10 Jul 2026
What's changed for this card
nothing tracked yet — which is itself a fact
No tracked devaluations or changes yet — this card's history starts here.
Verified against Punjab National Bank's own documents on · the net-annual-value engine, at our house ₹/point
Every document behind this page — 4 of them, each with the day we read it
- official PNB Rewardz programme page — the per-variant earn table that states this card's points-per-₹ rate
- official PNB RuPay Select product page — fees, lounge claim, retail multiplier, first-usage bonus
- official PNB's Most Important Terms and Conditions for retail credit cards — this card's fee row, and the Braille row three lines below it carrying the identical terms
- official PNB bank-wide Key Fact Statement — RuPay Select fee schedule (joining ₹500, annual ₹750 waived on quarterly usage) and the standard 3.5% forex markup