PNB RuPay Millennial Credit Card Review
At a Glance
| Joining Fee | ₹399 + GST (₹471 all-in) |
| Annual Fee | ₹999 + GST (₹1,179 all-in), waived on ₹1 lakh of spends in the previous year |
| Best Suited For | Young PNB customers earning ₹5 lakh or more who want lounge visits and UPI on one RuPay card |
| Reward Type | PNB Rewardz points, redeemable for vouchers, products or cashback |
The PNB RuPay Millennial Credit Card is Punjab National Bank’s lifestyle card for younger earners. It sits on the RuPay network, so you can link it to UPI apps and pay at any shop QR code.
For ₹399 + GST to join and ₹999 + GST a year, you get two domestic lounge visits a quarter, two international visits a year and ₹10 lakh of personal accident cover. PNB also lists golf, spa, gym and health check-up perks.
The reward rate is low, though. This review puts a rupee value on everything so you can judge the fee.
Rewards & Benefits
Reward rate and earn structure
| Spend | Reward points |
|---|---|
| All eligible retail spends | 2 per ₹150, no cap published |
| First retail or online transaction within 90 days of getting the card | 300 bonus points |
| Accelerated categories | None; PNB lists the reward multiplier as not applicable |
There are no bonus categories to track. Every eligible spend earns the same 2 points per ₹150, whether online or in a shop.
Redemption and point value
Points are redeemed on the PNB Rewardz portal for movie tickets, hotel bookings, recharges, merchandise, e-vouchers or cashback to your card. You need at least 1,000 points to redeem, and points expire 3 years after they are earned.
The Millennial card page and PNB’s Most Important Terms and Conditions (MITC) both value a point at ₹0.25. That makes the return 2 × ₹0.25 ÷ ₹150, or 0.33% of your spend.
PNB’s general Rewardz page quotes ₹0.50 a point for cashback, which would double that to 0.67%. Plan with the lower card-specific figure. At ₹0.25, the 300-point welcome bonus is worth ₹75.
To put that in context, ₹1 lakh of yearly spends, the amount that waives the annual fee, earns about 1,333 points. At ₹0.25 a point that is roughly ₹333 a year, so treat rewards as a small extra rather than the reason to hold this card.
Lounge, insurance and lifestyle
| Benefit | Allowance |
|---|---|
| Domestic airport lounge | 2 visits a quarter |
| International airport lounge | 2 visits a year |
| Railway lounge | Not offered |
| Personal accident insurance | ₹10 lakh |
| Fuel surcharge refund | 1% on fuel bills of ₹400 to ₹4,000, up to ₹350 per statement cycle |
The card page does not tie the lounge visits to a spend target. Eight domestic visits a year is generous for a card that costs ₹999.
PNB also lists a premium health check-up package, complimentary golf and spa sessions and a complimentary gym membership. It does not publish how many sessions you get or which partners take part, so confirm with PNB customer care before counting on them.
Fees & Charges
| Charge | Amount |
|---|---|
| Joining fee | ₹399 + GST (primary and each add-on) |
| Annual fee | ₹999 + GST; add-on cards nil |
| Annual fee waiver | ₹1 lakh of spends in the previous year |
| Forex markup | 3.5% |
| Interest rate | 2.95% a month (35.89% a year as stated by PNB) |
| Cash advance fee | 2% of the amount; minimum ₹150 at PNB ATMs, ₹200 at other ATMs, ₹300 overseas |
| Late payment fee | Nil up to ₹1,000; ₹500 up to ₹5,000; ₹600 up to ₹10,000; ₹750 above ₹10,000 |
| Over-limit fee | 2.5%, minimum ₹500 |
| Cheque or auto-debit bounce | ₹200 |
| Interest-free period | 20 to 50 days |
Charges are from PNB’s schedule of fees and MITC as of October 2026, and GST applies on top. PNB marks the joining fee as one it may waive in the first year as a promotional offer.
The ₹1 lakh waiver target works out to about ₹8,400 a month. Put your groceries, bills and online shopping on the card and most households will clear it.
The charge to watch is the 3.5% forex markup. The international lounge visits make this look like a travel card, but every rupee spent abroad costs 3.5% extra plus GST.
Eligibility & Documents Required
| Income | ₹5 lakh a year |
| Network | RuPay, works on UPI |
| Documents | KYC and income proof as listed on PNB’s application form |
| KYC | Video KYC is available for online applications |
PNB does not publish an age band on the Millennial page. Approval depends on the bank’s credit checks, and an existing PNB account usually makes the process quicker.
Pros & Cons
| Pros | Cons |
|---|---|
| 2 domestic lounge visits a quarter, no spend target published | Reward return of only 0.33% at ₹0.25 a point |
| 2 international lounge visits a year | 3.5% forex markup |
| ₹10 lakh accident cover | Golf, spa and gym perks have no published details |
| Works on UPI | Costs more than PNB RuPay Select for the same lounge visits |
PNB RuPay Millennial vs Competitors
| Feature | PNB RuPay Millennial | PNB RuPay Select | PNB RuPay Platinum |
|---|---|---|---|
| Joining fee | ₹399 | ₹500 | Nil |
| Annual fee | ₹999, waived at ₹1 lakh spends | ₹750, waived on use every quarter | ₹500, waived on use every quarter |
| Reward rate | 2 points per ₹150 | 2 points per ₹150 | 1 point per ₹100 |
| Lifestyle perks | Golf, spa, gym, health check-up | Golf, spa, gym, health check-up | Not listed |
Fees are plus GST. The PNB RuPay Select Credit Card lists the same lounge visits, reward rate, accident cover and lifestyle perks.
Select also has a waiver that only needs one swipe a quarter. Millennial makes sense over Select only if PNB offers you a better limit on it or waives its joining fee.
How to Apply
Apply on PNB’s credit card portal through the online or paperless application, then finish video KYC. You can track the application on the same site.
You can also apply at any PNB branch with the paper form. PNB account holders may see a pre-qualified offer when they log in to the portal.
Frequently Asked Questions
Is the PNB RuPay Millennial annual fee waived?
Yes, the ₹999 + GST annual fee is waived if you spend ₹1 lakh on the card in the previous year. Add-on cards carry no annual fee.
How many lounge visits does PNB RuPay Millennial give?
2 domestic airport lounge visits a quarter and 2 international visits a year. Railway lounge access is not included.
What is the minimum salary for PNB RuPay Millennial?
₹5 lakh a year, as listed on PNB’s card page. The bank’s credit checks still decide approval.
What is one PNB Millennial reward point worth?
₹0.25, according to the card page and the MITC. You need 1,000 points to redeem, and points expire after 3 years.
Can I use the PNB RuPay Millennial card on UPI?
Yes. It is a RuPay credit card, so you can link it to UPI apps and pay by scanning merchant QR codes.
Bottom Line
Get the PNB RuPay Millennial if you bank with PNB, earn ₹5 lakh or more and spend ₹1 lakh a year to keep it free. In return you get eight domestic lounge visits a year, two abroad, UPI payments and ₹10 lakh of accident cover.
Skip it if you care about rewards, because 0.33% back is among the lowest in the market. Skip it too if you spend abroad, given the 3.5% markup.
If you want the same benefits for less, PNB’s own RuPay Select is the better pick for most people.
