PNB Wave & Pay Credit Card for Fast, Secure Contactless Transactions

Bio

Sandipan Mitra is the CEO and co-founder of Pice. He boasts eight years of experience in the B2B and fintech sector. Sandipan's journey includes significant roles at multiple Indian Unicorns Including Product at PayU, and as founding member / VP, Product at Open Financial Technologies.

22 Jul 26
3 mins

Sandipan Mitra

08 Mins
22-07-26

One App for all Business Payments

Download Now One App for all Business Payments

Table of Contents

What are the PNB Wave & Pay Credit Card Benefits?
What are the PNB Wave & Pay Credit Card Charges?

2 Reward Points for every ₹150 spent.
Access is available upon paying a ₹500 annual fee.
Accepted globally across 2,90,00,000 merchants under the VISA network.

The PNB Wave & Pay credit card is designed for customers who prefer quick and secure transactions. With contactless technology, you can simply tap your card at enabled POS terminals to make payments without entering a PIN.

This card is ideal for everyday spending such as groceries, dining, fuel and online shopping. Let us explore its features, benefits, charges and eligibility in detail.

What are the PNB Wave & Pay Credit Card Benefits?

Since the PNB Wave & Pay credit card comes in the VISA Platinum variant, users can earn 2 Reward Points for every ₹150 spent using the card.

These points can be redeemed for gifts, vouchers and merchandise through the PNB Rewardz portal. Additionally, card members can avail:

Concierge Services: Get your personal assistance for round-the-clock travel and medical needs with PNB’s exclusive concierge services.
Lost Card Liability: In case of misplacement, ensure to inform the authorities to bear limited liability for any fraudulent transaction.
Easy EMI Conversion: Convert purchases of ₹2,500 or more into easy EMIs. You can choose flexible repayment tenures up to 36 months as per your convenience.
Add-on Cards: You can apply for up to 2 add-on cards for family members and manage expenses easily under one account.

What are the PNB Wave & Pay Credit Card Charges?

The PNB Wave & Pay credit card in the VISA Platinum variant attracts an annual fee of ₹500 and no joining fee. Other charges include:

Type	Amount
Finance Charges	2.95% per month (35.89% yearly) 1.5% per month for cards against FD (19.56% yearly)
Add-on Card Joining Fee	₹500
Late Payment Fee	Less than ₹1,000: NIL ₹1,001 - ₹5,000: ₹500 ₹5,001 - ₹10,000: ₹600 Above ₹10,000: ₹750
Foreign Currency Exchange	3.5%

💡Keep your credit score safe and your payments organised by letting the Pice app remind you and help you clear dues promptly!

Footnote:

As per RBI guidelines, users of the PNB Wave & Pay credit cards have a limit of ₹5,000 per day for contactless payment.

FAQs

Is there any fee for using the contactless feature on the PNB Wave & Pay credit card?

No, there is no additional fee for using the contactless payment feature. It is included as part of the card benefits.

Can a contactless transaction take place on the PNB Wave & Pay credit card if I pass by a POS terminal?

No. The contactless feature only works if a card is waved within 2cm of a POS machine. Thus, it is very unlikely to pay contactlessly while passing by.