PNB RuPay Millennial Credit Card
Punjab National Bank · Open to apply
A RuPay card for young earners: ₹399 to join (waived as a first-year offer) and ₹999 a year, waived on ₹1 lakh spend, 2 reward points per ₹150 (about 0.33%), two domestic lounge visits a quarter and two international a year.
- Annual fee
- ₹999 + GST a year
- Joining fee
- ₹399 + GST
- Fee waiver
- Annual fee waived on ₹1,00,000 spend a calendar year
- Base rate
- 2 reward points per ₹150: 2 PNB Rewardz points per ₹150 (about 0.33% at cash value)
- Lounges
- Domestic: 2 visits a calendar quarter; International: 2 visits a calendar year
- Forex markup
- 3.5%
- Data
- From bank documents, checked 6 Nov 2026
Where the sources disagree
- annual fee waiver year: The card page counts the ₹1 lakh waiver spend in the previous financial year; the MITC says all waivers are calculated on the calendar year. We use the calendar year.
- fuel surcharge waiver band: The fuel surcharge waiver page (undated) gives ₹500 to ₹4,000 for RuPay Millennial; the KFS and MITC of 2 Nov 2026 give more than ₹400 and less than ₹4,000 for all cards. We use the KFS and MITC.
- reward point value: The rewards programme page still says 1 reward point is worth ₹0.50 (and gives a 3-year expiry, as the MITC does); PNB's notice effective 1 Sep 2024 and the MITC give ₹0.25. We use ₹0.25, the later notice.
Terms the calculator does not value
- PNB publishes no reward exclusions for this card.
Sources
- PNB RuPay Millennial Card page (Product page, the bank's own, read 6 Nov 2026)
- PNB Rewardz programme page (Reward terms, the bank's own, read 6 Nov 2026)
- PNB credit card FAQ (PDF of 23 Jul 2024) (FAQ, the bank's own, read 6 Nov 2026)
- PNB Fuel Surcharge Waiver page (Product page, the bank's own, read 6 Nov 2026)