The value of 1 (One) PNB Credit Card Reward Point will now be Rs. 0.25.
Don’t worry, your outstanding reward points as of 31st August 2024 will be adjusted accordingly, ensuring the value remains unchanged.
Here’s an Example of How This Works:
- Total Reward Points as of 31st July 2024 = 2200 points
Cash Value = ₹1100 - Points earned between 1st Aug - 31st Aug 2024 = 1350 points
Cash Value = ₹675 - Points redeemed between 1st Aug - 31st Aug 2024 = 1100 points
Cash Value = ₹550
So, your closing balance as of 31st August 2024 = 2450 points
This becomes your opening balance on 1st September 2024 = 4900 points with a total value of ₹1225.
Points Example for September:
- Earned during 1st Sept - 30th Sept 2024 = 2000 points
Cash Value = ₹500 - Redeemed during 1st Sept - 30th Sept 2024 = 1000 points
Cash Value = ₹250
Closing balance as of 30th September 2024 = 5900 points
Total Value = ₹1475.
Note: If you redeem points on 31st August at the old rate and cancel in September, the same number of points will be refunded (not the updated value).
For any further questions, contact PNB’s toll-free number: 1800-180-2345.
Stay informed and make the most of your PNB Credit Card Rewards!