Punjab National Bank (PNB) Credit Card Services

PNB provides an array of services, including credit cards, ideal for shopping, travel, and entertainment. It's crucial to understand your credit limit when applying for a PNB credit card. Similar to other banks, PNB evaluates several factors to determine this limit. If you're looking to boost your credit limit, read on to learn how to do so with PNB.

Factors Determining PNB Credit Card Limit

• Income Level: Higher income correlates with higher credit limits.
• Debt Level: A lower debt-to-income ratio is essential for a greater limit.
• Credit Score: A strong credit score is critical for achieving a higher limit.
• Existing Credit Limits: PNB reviews credit limits of your cards from other banks.

Steps to Increase Your PNB Credit Card Limit

Enhance your PNB credit card limit using online or offline methods:

Via Net Banking:

• Access PNB's website and login to your account.
• Navigate to ‘My Accounts’ and select your credit card.
• Click ‘Manage Card’ and choose ‘Card Limit Increase’.
• Set a new limit and hit ‘Submit’ to confirm.

Through Mobile Banking:

• Install the PNB mobile banking app and login.
• Select ‘Service Request’ and click ‘Change Card Limit’.
• Choose your card, set a new limit, and submit.

Via Phone Banking:

• Call customer care at 1800-180-2345 or 0120-4616200.
• Request a credit limit increase, and follow the executive's instructions.

In-Person Branch Visit:

• Go to a nearby PNB branch, provide required documents, and request a limit boost.

Impact of PNB Credit Card Limit on Credit Score

Boosting your credit limit can enhance your creditworthiness. Using your credit card
wisely, making small payments, and paying dues on time positively affect your credit score. PNB submits your CUR and limit details to credit bureaus monthly. A CUR below 30% is recommended for maintaining a good score.

Advantages of Increasing Your PNB Credit Limit

• Improved Credit Scores: A higher limit reduces the CUR, enhancing creditworthiness.
• Easier Management: Higher limits simplify expense tracking and management.
• More Loan Options: Consistent payments improve creditworthiness, easing loan acquisition.
• Emergency Funds: A higher limit provides convenient funds access during emergencies.

Request a PNB credit card limit increase through any preferred method. Raising your limit can enhance credit scores, make you eligible for larger loans, and offer flexibility during emergencies. Nonetheless, PNB will evaluate your credit score and creditworthiness before approving an increase request.