PNB Wave & Pay Credit Card: Features & Benefits

Summary

The PNB Wave & Pay Credit Card is a high-end credit card that is convenient, secure, and rewarding for daily use. It is equipped with a contactless payment facility (Visa PayWave) to enable swift and secure transactions by just tapping the card at a payment machine for transactions of up to ₹5,000 without a PIN. This saves time and is more secure.

One of the best things about this card is its reward points scheme. On spending ₹150, you earn 2 reward points. You can exchange the points for some other products or services, and 1,000 points would equal ₹500. Reward points do get lost if not utilized within three years of the accrual date.

The card also includes 24×7 concierge services, which can help cardholders with travel booking, hotel stay, passport and visa support, and the like. This makes it an effective choice for regular travelers. Users can also apply for up to two add-on cards for family members above 18 years of age, allowing them to avail the same benefits.

Introduction

The PNB Wave & Pay Credit Card is a credit card that allows customers to make payments by just tapping the card, without swiping it. The Punjab National Bank Wave & Pay Credit Card is specially designed for those who want to make fast, easy, and secure transactions without any hassle. This contactless credit card issued by PNB (Punjab National Bank) is based on NFC (Near Field Communication) technology, which allows both small and large payments to be made in a single tap.

You do not need to enter the PIN every time you use the credit card. Punjab National Bank Wave & Pay Credit Card is especially beneficial when you are in a hurry and want to make a payment without wasting any time. PNB Wave & Pay Credit Card becomes very convenient for everyday transactions.

This Card not only makes the payment experience easy and secure but also provides customers with various reward points and cashback. Through this, great offers are available on shopping, travel, and bill payments. Customers can also redeem their reward points for different gift vouchers or services.

In today’s article, we will discuss in detail the Punjab National Bank Wave & Pay Credit Card. In this article, we will tell you in detail about its benefits. Along with this, we will also discuss the fees of the Punjab National Bank Wave & Pay Credit Card in this article and will also discuss in detail how to apply for it. So read this article till the end so that you do not face any problem later.

What is the PNB Wave & Pay Credit Card?

This is a special credit card from Punjab National Bank (PNB). What makes the Punjab National Bank Wave & Pay Credit Card special is that you do not need to swipe or input your PIN each time to make a payment. You can simply hold the card in front of the payment machine and “tap,” and the payment is done. This is a contactless payment.

The Punjab National Bank Wave & Pay Credit Card includes a special feature called NFC or Near Field Communication. With the help of it, you will not need any PIN or sign for payments of less than Rs 5,000. This is fast, simple, and secure and is useful in case of haste.

What is the design of the PNB Wave & Pay Credit Card?

The Punjab National Bank Wave & Pay Credit Card is designed with a futuristic look. It carries the PNB (Punjab National Bank) logo on the front side, along with the cardholder’s name and card number.

The card also has a contactless payment icon, so you can just tap it on a machine to pay without inserting it. The layout is typically in PNB’s red and yellow color scheme, making it look premium and professional.

What are the benefits of the PNB Wave & Pay Credit Card?

Punjab National Bank Wave & Pay Credit Card treats you to a range of benefits designed to make your spending experience richer:

1. Reward Points: For every ₹150 spent, you earn 2 reward points. These reward points can be used to buy any product or service. One reward point is equivalent to ₹0.50, and hence 1,000 points are equivalent to ₹500. Reward points will expire if not redeemed within a time frame of 3 years from the date of accrual.

2. Contactless Payments: The card supports Visa PayWave technology, allowing you to make secure and convenient payments by simply tapping your card on a corresponding POS machine for payments up to ₹5,000 without using a PIN.

3. Concierge Services: Get 24×7 concierge services, airline and hotel booking, passport and visa assistance, and much more.

4. Add-On Cards: You may opt for a maximum of two add-on cards for your family members who are 18 years and older so that they also can benefit from the card.

5. Lost Card Liability: In case your card is lost, reporting it to PNB’s 24-hour toll-free phone call center at once minimizes your liability, thus making it safer.

What are the PNB Wave & Pay Credit Card fees?

Here is a simple Punjab National Bank Wave & Pay Credit Card fee breakup.

Joining Fee	Nil
Annual Fee	Rs 499 + GST
Add-on Card Fee	There are no charges for additional cards for family members.
Finance Charges	If you don’t pay your bill in full, 3. there is a 5% per month (42% annually) charge on the outstanding balance.
Cash Advance Fee	2.5% of the amount withdrawn or ₹500, whichever is higher.
Late Payment Fee	For Statement Balance Less than Rs. 101 – NilRs. 101 – Rs. 500 – Rs. 150Rs. 501 – Rs. 5,000 – Rs. 500Rs. 5,001 – Rs. 20,000 – Rs. 750Rs. 20,000 & above – Rs. 1,000

What are the criteria for getting a PNB Wave & Pay Credit Card?

The following are the primary requirements:

1. You must be between 18 and 70 years old to apply for the Punjab National Bank Wave & Pay Credit Card.

2. The income requirement differs according to your employment status:

• Self-Employed Professionals: A minimum Annual income of Rs 1,00,000 is usually the job.

3. A secured income ensures regular, timely payments on the credit card bill. Any amount above it ensures that the approval probability is increased.

4. Your credit score plays a role in the selection process. Punjab National Bank favors borrowers with a better credit score, usually above 750. 

5. You must be an Indian resident and have valid address proof within the country. 

6. A salaried person must be employed with a reputed company or organization. The bank can ask you for documents like your salary slip or employment letter.

7. A Self-employed person must have business experience in the past years, generally 2+ years. You must show the bank proof of good, consistent income. This may be your income tax returns and bank statements.

What documents are required to get a PNB Wave & Pay Credit Card?

The documents that you will have to submit to Get a Punjab National Bank Wave & Pay Credit Card are as follows:

Identity Proof	Aadhaar card, Passport, Voter ID, Driving license, PAN card
Address Proof	Utility bills like electricity, water, etcRent agreement, Bank statement, or passbook with your address
Income Proof	Salary slip for the last 3 months if you are a salaried employee Bank statement for the last 3 months ITR for self-employed persons
Photograph	The latest passport-sized photograph

Where can the PNB Wave & Pay Credit Card be used?

Here is the list of places where you can use it:

• With the Punjab National Bank Wave & Pay Credit Card, you can shop for clothing, electronics, accessories, and more at almost every retail outlet, shopping mall, and e-shopping website.

• You can also use it on websites like Amazon, Flipkart, etc., and also make bookings on websites like MakeMyTrip, Yatra, etc.

• You can use the card to pay for your meals in restaurants, cafes, and fast food outlets.

• You can use it to book flight, train, or bus tickets, as well as to pay for taxi, Uber, Ola, or hotel bookings.

• You can use your credit card to pay electricity and water bills, mobile bills, and internet services.

• You can use your Punjab National Bank Wave & Pay Credit Card to pay for expensive items such as electronics or appliances through easy monthly installments (EMIs).

• The Punjab National Bank Wave & Pay Credit Card is also accepted in other countries, where you can make purchases and payments. It is also accepted wherever Visa is accepted.

What is the credit limit of the PNB Wave & Pay Credit Card?

The credit amount you can spend is what you are provided with a Punjab National Bank Wave & Pay Credit Card. It is based on your income, credit score, and other financial history when you are selected for this credit card by the bank.

For instance, if you have a credit limit of ₹50,000, you can spend up to that amount only. If you want to spend more than the limit, the bank will not consider it.

The actual credit limit varies with the person. A credit limit could be ₹30,000 for one person and ₹1,00,000 for another or even more, considering his/her profile and financial background.

It’s essential to follow the expenses and not exceed the credit limit because when you pass this limit, then penalties get added, and your credit score also goes down.

How do you apply for a PNB Wave & Pay Credit Card?

Apply it through both these modes: 

Online Application Process

• Visit the official website of the Punjab National Bank, i.e. 

• Go to ‘Cards’, followed by ‘Credit Cards’.

• On that page, you can see numerous options for credit cards issued by the Punjab National Bank; for instance, you can choose the Punjab National Bank Wave & Pay Credit Card.

• Just hover your cursor on the Punjab National Bank Wave & Pay Credit Card, followed by selecting ‘Apply Now’ from there.

• You will be asked to fill out your details, including your name, contact information, income details, and employment status.

• Be accurate and updated with the information provided.

• You are required to upload documents like your identity proof, address proof, income proof, and photograph, as per the list of documents mentioned above.

• After filling out the details and uploading the documents, review your application to make sure everything is correct.

• Apply online through the application form.

• The bank will check your application after you submit it. They can ask for extra documents or information if required.

• You will be informed about the status of your application, and if approved, your card will be delivered to you.

Offline Application Process

• You can walk into the nearest Punjab National Bank branch to apply for the Punjab National Bank Wave & Pay Credit Card.

• Request for the credit card application form for the Punjab National Bank Wave & Pay Credit Card. They will provide you with the form and proceed accordingly.

• Fill in the details in the application form wherever it is required. Care should be taken that all the information about personal details, income, and jobs provided by the applicant should be correct.

• Along with the form, furnish the relevant documents. The list of documents includes Identity proof, Address proof, Proof of income, and a passport.

• Your application will be processed, and your information will be cross-checked at the bank level.

• In case of successful completion, the bank will sanction the credit card with a reply and forward it to the registered address.

• You will receive the Punjab National Bank Wave & Pay Credit Card by post at the same postal address.

• Once you receive your card, you need to activate it by following the instructions given in the envelope, either through the Punjab National Bank Card website or mobile app or by calling their customer service.

• For security purposes, you must set your PIN (Personal Identification Number) before you can start using your credit card.

Would getting a PNB Wave & Pay Credit Card in 2025 be right?

Yes, getting a Punjab National Bank Wave & Pay Credit Card in 2025 can be a good option if you require a credit card with great offers, especially for those who shop for lifestyle products. The reward is excellent and comes with the purchase of items such as jewelry. On top of that, the bank provides discounts and easy access to the EMI facility. 

Bank is also a strong bank with high customer service, so it is dependable. But don’t forget that you should make sure that you can handle your credit responsibly in terms of paying the bills and keeping your credit from exceeding its limit. Provided that you are stable in terms of income and have good credit, it might be a very good option in 2025.

Conclusion

Convenient and new payment mode Punjab National Bank Wave & Pay Credit Card is designed to suit the needs of the times. Its most prominent feature is its contactless payment facility, which enables customers to make payments quickly and securely. The Punjab National Bank Wave & Pay Credit Card is extremely easy to use. Just take it to the payment machine, and the payment will be made. 

This is a highly beneficial option for individuals who prefer to make fast and simple payments for their daily shopping. Besides this, the Punjab National Bank Wave & Pay Credit Card offers cashback and reward points, making it simply amazing. You can take varying offers depending upon your expenses for maximizing your benefit. The Punjab National Bank Wave & Pay Credit Card is not just helpful for buying things; it is also good for travel, dining out, and other utility services. 

Aspects to protect against unauthorized transactions and quick blocking of the card on loss make it even more safe. Still, it is important to remember that any credit card has to be utilized prudently. Timely payment of bills and monitoring of expenses are important so that you can avoid financial issues.

Frequently Asked Questions (FAQs)