PNB credit cards offer reward points when cardholders make purchases. These points can be redeemed for various rewards, such as:
Shopping vouchers
Cashback
benefits
Merchandise
Bill payments
Does PNB charge a processing fee when customers redeem their reward points? Are there service charges, handling fees, or GST applicable during redemption? Some banks charge a nominal fee per redemption transaction, while others allow free redemption. Does PNB provide fees redemptions for specific card types (e.g., premium credit cards)? Is there a difference in charges when redeeming points via net banking, customer care, or branch visits? Do physical rewards (merchandise, vouchers) incur shipping or delivery fees?
India’s PNB Credit Cards:
Redemption of Cashback: Customers can exchange their reward points for cashback that will be sent into their PNB credit card account. One reward point is equivalent to 0.50. To redeem, a minimum of 1,000 reward points must be accumulated. Redeeming cashback is free of charge. The PNB Card
E-Voucher Redemption: There is a 50 naira processing fee each time reward points are exchanged for e-vouchers. The Paisabazaar
In the Philippines, PNB credit cards:
Rewards Catalog Redemption: According to the PNB Credit Cards Rewards Catalog, cardholders can exchange their points for merchandise, cash credits, Mabuhay Miles, or waivers of yearly fees. There are no fees mentioned in the terms and conditions related to these redemptions. Cards from PNB