PNB credit card charges rise from 1 November 2026: utility fee, ₹99 redemption fee, higher late fees

Punjab National Bank has revised its credit card charges from 1 November 2026. Three changes matter most: a new fee on large utility bill payments, a fee on every reward points redemption, and higher late payment fees. The changes apply to PNB Visa and RuPay credit cards.

At a glance

All revised charges are exclusive of GST.

1. Utility bill payments: 1% above ₹50,000

• Fee: 1% of total utility payments once they cross ₹50,000 in a billing cycle.
• Cap: ₹2,000 per transaction.
• Threshold: counted across all utility payments in the billing cycle, not per transaction.

PNB's notice puts the fee on the total utility amount, not only on the part above ₹50,000. It doesn't explain how the fee is split across individual transactions.

2. Reward points redemption: ₹99 per request

This cuts the value of your points most on small redemptions.

3. Late payment fees go up

PNB's notice lists ₹10,000 in two slabs, so the fee at exactly ₹10,000 needs the bank to clarify.

Until now, no late fee applied up to ₹1,000 due, and the highest fee was ₹750.

• FD-backed cards: the late fee stays at 30% of the minimum amount due, with a minimum of ₹200 and a maximum of ₹500 per billing cycle.
• Luxura cards: have their own provisions in the notice.

What to do now

• If you pay big utility bills on a PNB card, keep the cycle's total at or under ₹50,000, or move the extra to another card.
• Batch your reward redemptions so the ₹99 fee is paid less often.
• Set up autopay for at least the minimum due, since the late fee now reaches ₹1,200.

Read PNB's full notice below before 1 November.