Patanjali Select Credit Card Review

After being phenomenal in the Indian Ayurvedic product market, Patanjali Ayurved Ltd has set its goal to enter the credit card game by launching two co-branded credit cards; Patanjali Platinum credit Card and Patanjali Select Credit Card. In this article, we are going to talk about the Patanjali select credit card.

Targeting the huge Indian customer base, Patanjali in collaboration with PNB has decorated this card with all sorts of premium benefits like; free airport lounge access, complimentary golf and lifestyle benefits, etc. more about the benefits are discussed below. 

What are the eligibility criteria of Patanjali Select Credit Card?

The eligibility criteria of this card are not clearly disclosed yet, but as per our experience we can say that it should be like this. 

• Resident Type: Indian
• For salaried person:
  • Age: 21 to 65 years. 
  • Income: Rs. 25,000 per month (Approx)
• For self-employed person:
  • Age: 21 to 60 years. 
  • Income: The annual income tax return should be greater than Rs. 3 lakh. 
• A good credit score over 770 will help you to get a good credit limit on this card.

What are the required documents for Patanjali Select Credit Card?

• Photocopy of Address proof (any 1)
  • Last 6 months bank account Statement
  • Aadhar Card
  • Driving License
  • Passport
  • Utility bills
• Photocopy of ID Proof (any 1)
  • Aadhar card
  • Voter Card
  • Passport
  • PAN Card
• Two recent passport-sized photographs
• Proof of income statement:
  • Salaried Person (any 1)
    • Salary Slip of last 3 months
    • ITR (Income Tax Return)
  • Self-employed person
    • Income tax return of the last year
    • Proof of business

What are the applicable fees for Patanjali Select Credit Card?

• Patanjali Select Credit Card joining Fee: Rs. 500 + GST
• Patanjali Select Credit Card annual Fee: Rs. 750 + GST

What are the major benefits of the Patanjali Select Credit Card?

• Enjoy credit convenience with a massive credit limit:

Depending on your creditworthiness, you can get a credit limit of Rs.50,000 to Rs.10 lakh on this card.

• An attractive gift to start a wonderful journey:

As you activate your card for the first time, you will get 300 reward points as a joining bonus. The points will be credited to your account with the realization of the first-year joining fee.

• Earn cashback on every transaction:

On every transaction of Rs.2500 or more made at Patanjali stores, you will Gate a 2% cashback (max Rs. 50 per transaction). This offer is applicable only at certified Patanjali stores. Also, if you are a Patanjali Swadeshi Samridhi customer, you will get 5% to 7% cashback on online recharges.

• Get rewarded for every transaction:

For every online and offline transaction made using this card, you can earn powerful reward points. You can check the status of your reward points from the PNB Genie app.

• Make your journey comfortable with complimentary airport lounges:

This card gives you free access to domestic and international airport lounges. 

• Upgrade your lifestyle with premium lifestyle benefits:

This card gives you complimentary membership of golf, Spa, Gym, health checkup facilities. 

• Feel more secure with complimentary insurance coverage:

You can get complimentary coverage of Rs. 10 lakh against accidental death and permanent disability caused by accidents.

• Pay more conveniently with the low-cost EMI facility:

Using the low-cost EMI facility, you can convert your high-value transactions into small monthly installments. You will also get 20 to 50 days of interest-free period on Patanjali products.

• Transact more conveniently with the contactless payment facility:

This card is equipped with an advanced contactless payment facility, this feature allows you to make payments just by placing your card over any contactless-enabled POS machine. 

What are the charges of the Patanjali Select Credit Card? 

Particulars	Payable Amount (Expected)
Cash withdrawal charge	2% against the withdrawn amount, min Rs. 100 (applicable once per withdrawal)
Finance Charge	Can go up to 2.95% monthly.
Add-on card fee	None.

How can I contact the Patanjali Credit Card Customer Care?

• Call: 1800-180-2345(Toll-free) / 1800-102-1235 (Toll-free) / 1800-180-1235 (Toll-free) or 1800-180-4108 (Toll-free)
• Email: creditcardpnb@pnb.co.in or swadeshi.samridhi@patanjaliayurved.org 

100xGain Ratings: 

7.5/10

Pros and Cons:

Pros	Cons
This card offers free access to airport lounges. You will receive complimentary membership to several fitness and lifestyle programs. The annual fee seems reasonable.	The cashback on Patanjali products seems a bit low.

Final Opinion:

After analyzing this card thoroughly, I can say that this card is going to be one of the best low-cost lifestyle credit cards available in India. The only downside of the card is the 2% cashback offer, which I think could be at least 5%. Otherwise, there is nothing much to complain about this card, and if you are interested in Patanjali products, then it becomes a must-have credit card for you.