canara bank Mastercard Wolrd Credit Card
Canara Bank Canara Bank

Canara Bank Mastercard World 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 World Credit Card is a premium, lifetime-free credit card. It is specifically designed for people who are looking for enhanced rewards and travel benefits without the burden of annual fees. This credit card has a simple and convenient rewards program, complimentary lounge access, comprehensive insurance coverage, and more. This credit card is an excellent choice for people who travel frequently and shop more often.

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All You Need To Know

Card Type

Rewards & Travel

Welcome Benefits
  • Reward Points Program: Users Earn 2 reward Points for every ₹100 spent on Point of Sale (POS) and e-commerce transactions. Cardholders can redeem these points for cashback and or merchandise through the Canara Rewardz portal. Here each point is valued equal to ₹0.25.
Complimentary Lounge Access
  • Domestic Lounges: Enjoy 3 complimentary lounge visits per quarter, you are also allowed to bring guests twice per quarter.
  • International Lounges: Users can also avail 2 complimentary international lounge visits per year, each visit allowing one guest.
Insurance Benefits
  • Fraudulent Charge Cover: Protection up to ₹5 lakh against unauthorized transactions.
  • Baggage Insurance: Coverage up to ₹25,000 for lost or delayed baggage.
  • Purchase Protection Cover: Coverage up to ₹25,000 for theft or accidental damage to purchases.
  • Accident Cover : PUp to ₹8 lakh for the cardholder and ₹4 lakh for the spouse.
  • Other Accident Cover: With this credit card cardholders also receive a 1% fuel surcharge waiver on fuel transactions.
Fuel Surcharge Waiver
  • With this credit card cardholders also receive a 1% fuel surcharge waiver on fuel transactions.

Canara Bank Mastercard World Credit Card Eligibility:

Eligibility Criteria of Canara Bank Mastercard World Credit Card

  • Age: Applicants should be between 21 and 65 years of age.
  • Income: Applicants must have a stable income source; specific income criteria are not publicly disclosed. So you can contact the bank to know the eligible income group.
  • Credit Score:A good credit score of more than 750 can increase your chances of eligibility.

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 (for self-employed individuals).

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

Fees and charges that apply to Canara Bank MasterCard World 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
Late Payment Charges 2% of the outstanding amount, subject to a minimum of ₹10 and a maximum of ₹150
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; it is free for a lifetime.

With this credit card, cardholders earn 2 Reward Points for every ₹100 spent on POS and e-commerce transactions. Along with these rewards cardholders also get many additional benefits to make their life more easy and convenient.

You can easily redeem Canara Bank MasterCard World Credit Card reward points through the Canara Rewardz portal. You can redeem these points for cash back or merchandise, each reward point is equal to ₹0.25.

Yes, with the Canara Bank MasterCard World Credit Card cardholders get 3 complimentary domestic lounge visits per quarter (with guest access twice per quarter) and 2 complimentary international lounge visits per year (each with one guest).

The Canara Bank MasterCard World Credit Card offers various insurance benefits, including fraudulent charge cover up to ₹5 lakh, purchase protection up to ₹25,000, baggage insurance up to ₹25,000, air accident cover up to ₹8 lakh for the cardholder (₹4 lakh for the spouse), and other accident cover up to ₹4 lakh for the cardholder (₹2 lakh for the spouse).

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 World Credit Card on
mybankingtips.com

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