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Punjab & Sind Bank
Punjab & Sind Bank RuPay Platinum Credit Card
RuPay
Punjab & Sind Bank RuPay Platinum Credit Card
A lifetime-free PSU RuPay entry card with no meaningful rewards beyond a flat token rate — a basic UPI-linkable card rather than a rewards play.
Annual fee
₹0
Joining fee
₹0
Reward type
points
Base reward rate
0.25%
Card network
RuPay
Card tier
Entry
Who this card fits
Best suited to applicants with a credit score of roughly 680+ whose spend is concentrated in fuel. It's a lifetime-free card with no fee to track.
Rewards & benefits
- Rewards rate: 0.25% base rate
- Domestic lounge access: Not offered on this variant
- International lounge access: Not offered
- Insurance benefits: Personal accident insurance cover of ₹1 lakh, under NPCI's standard RuPay Platinum cover
Benefits by category
- 🛡️ Insurance
Personal accident insurance cover of ₹1 lakh (NPCI RuPay Platinum)
- ⛽ Fuel
1% fuel surcharge waiver, capped at ₹250 per billing cycle
- 🌍 Forex / international spend
3.5% forex markup on international transactions
Eligibility
- Minimum credit score: 680
- Minimum monthly income: ₹12,000
- Employment: salaried, self-employed
Fees & charges
- Rewards redemption fee: Not disclosed by Punjab & Sind Bank
- Foreign currency markup: 3.5%
- Interest rate: 30% p.a.
- Fuel surcharge waiver: 1% fuel surcharge waiver on transactions between ₹400 and ₹5,000, capped at ₹250 per billing cycle
- Cash advance charges: 2.5% of the withdrawal amount, subject to a minimum of ₹500 per transaction
Benefits
- 1% fuel surcharge waiver, capped at ₹250 per billing cycle
- Personal accident insurance cover of ₹1 lakh (NPCI RuPay Platinum)
Pros
- + Lifetime free — no joining or annual fee
- + Low income/credit-score bar
- + Fuel surcharge waiver and NPCI accident cover
Cons
- − Negligible reward rate
- − No lounge access or category bonuses