Canara Bank Classic Credit Card
Canara Bank Canara Bank

Canara Bank Visa Classic/MasterCard Standard Credit Card

cat name Travel
cat name Reward Points

Best Suited For: Rewards & Travel

Joining Fee: ₹250

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 Visa Classic/MasterCard Standard Credit Card is a lifetime-free card. This credit card is designed for people who want to enjoy the essential features and benefits of a credit card without any annual fee. It has a very simple rewards program, insurance benefits, and more. This card is an excellent choice for people who want to start their credit card journey.

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All You Need To Know

Card Type

Rewards & Travel

Reward Points Program
  • This credit card offers 2 Rewards for every ₹100 spent on all transactions. You can redeem these points through the Canara Rewardz portal, where each point is valued at ₹0.25.
Insurance Benefits
  • Air Accident Cover: This card provides coverage of ₹4 lakh for the cardholder and ₹2 lakh for the spouse.
  • Baggage Insurance: you also get coverage up to ₹25,000 for lost or delayed baggage.
  • Purchase Protection Cover: It also protects your purchases against theft or accidental damage, with coverage up to ₹25,000.
Fuel Surcharge Waiver
  • Cardholders also enjoy a 2.5% fuel surcharge waiver for fuel transactions of ₹400 or more. But this comes with a waiver cap of ₹100 per month.

Canara Bank Visa Classic/MasterCard Standard Credit Card Eligibility:

Eligibility Criteria of Canara Bank Visa Classic/MasterCard Standard Credit Card

  • Income: Applicants must have an annual income of at least ₹1 lakh.
  • Credit Limit: This credit card has a minimum credit limit of ₹10,000.

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) or 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 Visa Classic/MasterCard Standard Credit Card:

Fee / Charge Amount/Rate
Annual Fee Nil
Joining Fee ₹250
Finance Charges 2.5% per month (30% per annum)
Foreign Currency Markup Up to 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 2.5% waiver on fuel transactions of ₹400 or more, up to ₹100 per month

*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 card is a lifetime-free without any annual fee.

With the Canara Bank Visa Classic/MasterCard Standard Credit Card cardholders earn 2 Reward Points for every ₹100 spent on all transactions.

You can redeem Canara Bank Visa Classic/MasterCard Standard Credit Card reward points through the Canara Rewardz portal. Each reward is valued equal to ₹0.25.

Yes, the Canara Bank Visa Classic/MasterCard Standard Credit Card provides various insurance benefits to cardholders. These benefits include air accident cover up to ₹4 lakh for the cardholder and ₹2 lakh for the spouse, baggage insurance up to ₹25,000, and purchase protection up to ₹25,000.

The card offers a fuel surcharge waiver of 2.5% on fuel transactions of 400 and more. But this has a maximum waiver cap of ₹100 per month..

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 Visa Classic/MasterCard Standard Credit Card on
mybankingtips.com

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