About Canara Bank Visa Classic/MasterCard Standard Credit Card
The Canara Bank Visa Classic and MasterCard Standard Credit Cards are entry-level cards designed for moderate lifestyles. These cards let you share benefits with your family through add-on cards and provide easy access to cash via ATM withdrawals. Cardholders also enjoy complimentary insurance and purchase protection for added peace of mind. Additionally, these cards are widely accepted at merchant outlets and online, both in India and internationally.
Canara Bank offers two entry-level credit cards designed for everyday users. These cards provide essential features, making them a practical choice for the average consumer. The cards are: Canara Bank Visa Classic Credit Card and Canara Bank MasterCard Standard Credit Card.
Other Features and Benefits
- Zero Annual Fees: No joining or annual fees for both primary and add-on cards.
- Reward Points: Earn 2 points for every Rs. 100 spent on all transactions. Redeem points at Rs. 0.25 per point.
- Cash Advance: Withdraw up to 50% of your credit limit or Rs. 50,000. Charges: 3% at Canara Bank ATMs (minimum Rs. 30 per Rs. 1,000) or as per other bank ATM charges.
- Add-on Cards: Issue free add-on cards to family members above 18 years; no annual fees.
- Complimentary Accident Insurance: Covers accidental death (Air Crash: Self Rs. 4 lakh, Spouse Rs. 2 lakh; Other: Self Rs. 2 lakh, Spouse Rs. 1 lakh), lost card, and purchase protection.
- Complimentary Baggage Insurance: Coverage up to Rs. 25,000 for lost baggage.
- Special Mediclaim Offers: Avail discounted insurance premiums through United India Insurance with interest-free credit period of 20–50 days.
- Fuel Surcharge Waiver: 2.5% waiver on fuel transactions of Rs. 400+ when minimum Rs. 2,500 is spent on petrol for the billing month; maximum reimbursement Rs. 100 per month.
Fees and Charges
| Category | Value |
| Joining Fee | Nil |
| Cash Withdrawal Fee | 3% of the amount / Min. Rs. 30 per Rs. 1,000 |
| Card Inactivity Fee | Rs. 400. If spends are below Rs. 12,000 |
| Card Inactivity Fee for Add-on Card | Rs. 300. If spends are below Rs. 12,000 |
| Finance Charges | 2.5% p.m. / 30% p.a. |
| Minimum Payment | 5% of the billed amount. Min. Rs. 100 |
| Foreign Transaction Fee | Up to 3% |
| Duplicate Statement Charge | Rs. 10 |
| Cheque Dishonour Fee | Rs. 50 |
| Reminder Fee on Overdue Amount | Rs. 50 per notice |
| Delayed Payment Fee | For Revolving Credit- 2%; Min. Rs. 10/Max. Rs. 150
For Non-Revolving Credit- 2%; Min. Rs. 20/Max. Rs. 300 |
Apply for a Credit Card & Get Instant Approval
Document Required For Canara Bank Visa Classic/MasterCard Standard Credit Card
- Proof of Identity: PAN Card, Aadhaar Card, Driver’s License, Passport, Voter ID
- Proof of Address: Aadhaar Card, Driver’s License, Passport
- Proof of Income: Latest 3 salary slips, Last 3 months’ bank statement
Eligibility Criteria
- Age: 21 to 70 years
- Occupation: Salaried or Self-employed
- Credit Score: Should have a good credit history
Canara Bank Visa Classic/MasterCard Standard Credit Card Highlights
What do we like about this card?
- Lifetime-free entry-level credit card (VISA Classic / MasterCard Standard).
- 2 reward points for every Rs. 100 spent; redeemable at Rs. 0.25 per point.
- Complimentary add-on cards and insurance benefits.
- EMI conversion facility via Canara Bank credit card app.
- 2.5% fuel surcharge waiver on all fuel transactions.
- Lower interest rate of 2.5% per month on outstanding balances.
- Widely accepted domestically and internationally, with fuel surcharge waiver and purchase protection.
Things to Know Before you apply
Get this card if:
- You are looking for a basic, entry-level credit card with zero joining and annual fees.
- You want to earn reward points on everyday spends and redeem them for purchases or cashback.
- You want complimentary add-on cards for family members.
- You prefer cards with travel-related insurance benefits like air accident cover and baggage insurance.
- You want a card with fuel surcharge waiver and optional EMI conversion on purchases.
Pros
- Lifetime free card with no joining or annual fees.
- Earn reward points on all transactions.
- Complimentary accident and baggage insurance.
- Add-on cards at no extra cost.
- Fuel surcharge waiver and interest-free credit period up to 50 days.
Cons
- Reward rate is low (2 points per Rs. 100 spent, equivalent to 0.5%).
- Fuel surcharge waiver is capped at Rs. 100 per month.
- Limited premium benefits compared to higher-tier cards.
- Cash advance attracts charges and interest.
Canara Bank Credit Card Contact Details
- Contact Address: Canara Bank Card Division, No. 29, K R Road, Basavanagudi, Bengaluru – 560004, Karnataka, India
- Helpline (24x7): 1800 103 0011 (Toll-Free) 1800 208 3333 (Alternate Toll-Free) +91 80 2206 2222 (For chargeable/international calls)
- Simply SMS: Send "CANRUPAY" to 56156 from your registered mobile number
Explore other Card Categories