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Canara Bank Canara Bank

Canara Bank Mastercard Gold Secured Credit Card

cat name Travel
cat name Reward Points

Best Suited For: Rewards & Travel

Joining Fee: Nil

Annual Fee: Nil

cat name Travel
cat name Reward Points

Best Suited For: Rewards & Travel

Joining Fee: ₹4,999 Plus Applicable Taxes

Renewal Fee: ₹4,999 Plus Applicable Taxes

Best Feature:- Earn upto 50,000 Bonus Reward Points Anually, Club Vistara and Trident Privilege Membership.

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The Canara Bank Mastercard Gold Secured Credit Card is a secured credit card. This credit card offers a range of benefits to the new card users. This is ideal for people who are new to the credit card and wants to build or improve their current credit score. It also provides various benefits including 50 days of interest-free period, no annual fee, and many more. It also have an option to convert your big purchases into manageable EMIs.

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All You Need To Know

Card Type

Rewards & Travel

Welcome Benefits
  • Interest-Free Credit Period: Enjoy up to 50 days of interest-free credit on your purchases, provided the outstanding balance is paid in full by the due date.
  • Easy EMI Conversion: Convert your high-value purchases into easy monthly installments through the Canara ai1 app, making it convenient to manage your expenses.
  • ATM Cash Withdrawal: Access cash up to a certain limit from ATMs, offering liquidity when needed.
  • Non-Financial Services: Avail various non-financial services such as balance inquiries and mini statements at ATMs.

Canara Bank Mastercard Gold Secured Credit Card Eligibility:

Eligibility Criteria of Canara Bank Mastercard Gold Secured Credit Card

  • Age:Applicants should be between 18 and 65 years old.
  • Security Deposit: As this is a secured credit card, applicants are required to maintain a fixed deposit with Canara Bank. The credit limit is typically a percentage of the deposit amount.
  • Employment: Both salaried and self-employed individuals are eligible to apply.

Documents Required

  • Proof of Identity: PAN Card, Aadhaar Card, Passport, Voter ID, or any other government-approved photo ID.
  • Proof of Address: Aadhaar Card, Passport, Utility Bill (not older than 3 months), or any other government-approved address proof.
  • Proof of Income: Latest salary slips (for salaried individuals), Income Tax Returns, or audited financial statements (for self-employed individuals).

Note:Canara Bank may request additional documents as per their internal policies.

Fees and charges that apply to Canara Bank Visa Gold Credit Card:

Fee / Charge Amount/Rate
Annual Fee Nil
Joining Fee Nil
Finance Charges 2.5% per month (30% per annum)
Foreign Currency Markup 3% on all foreign currency transactions
Cash Advance Charges 3% of the transaction amount, subject to a minimum of ₹30 per ₹1,000 withdrawn or part there of
Late Payment Charges 2% of the outstanding amount, subject to a minimum of ₹10
Reward Redemption Fee Nil
Fuel Surcharge Waiver 1% waiver on fuel transactions

*A late payment charge of Rs. 100 will be imposed if the Minimum Amount Due (MAD) is not paid by the due date for two consecutive cycles. This charge will persist in each subsequent payment cycle until the MAD is settled.

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FAQs

This credit card has no annual fee which makes it free for lifetime.

As the name suggests a secured credit card is backed by a fixed deposit. It reduces the risk on the lender and allows the people with lower credit score to obtain a credit card.

Yes with the Canara Bank Mastercard Gold Secured Credit Card you can withdraw cash easily. But ever card has a certain cash withdraw limit or they also charge a cash advance fee on cash withdrawals.

You can easily convert your big purchases made through the Canara Bank Mastercard Gold Secured Credit Card into easy monthly installments through the Canara ai1 app.

This credit card offers a interest free period of up to 50 days on purchases. Which allws the cardholders to manage their expenses easily.

You can access the following links to find detailed information and procedures related to managing your Canara Bank Credit Card

Check if you are eligible for Canara Bank Mastercard Gold Secured Credit Card on
mybankingtips.com

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