Corporate credit cards make it easier for businesses to manage expenses by providing tools for spending control, tracking, and reporting. Companies can monitor employee purchases, making budgeting and resource allocation more efficient.
Canara Bank’s Visa Corporate Credit Card is designed specifically for businesses, offering features that support financial management and savings. Benefits include fuel surcharge waivers, seasonal offers on travel and other expenses, and insurance coverage to protect against fraud and baggage-related issues. This card equips businesses with essential tools to simplify expense management and enhance financial control.
Other Features and Benefits
Seasonal Offers The Visa Corporate Credit Card provides seasonal offers to help businesses save on travel and transport expenses. Current offers include:
Goibibo Offer:
12% discount on domestic flight bookings
15% discount on hotel bookings
9% discount on bus bookings
10% discount on outstation cab bookings
Fuel Surcharge Waiver
Enjoy a 1% fuel surcharge waiver on purchases at fuel stations of at least ₹400.
To avail, you must have spent a minimum of ₹2,500 on the card during the billing month.
Maximum reimbursement is capped at ₹100, credited in the following month.
Reward Points
Earn 2 reward points for every Rs. 100 spent on the Canara Corporate Visa Credit Card.
Each reward point has a cash value of Rs. 0.25, which can be redeemed against company expenses.
No Annual Fee
Primary card comes with zero annual fees; only a one-time enrollment fee is applicable.
Annual fees apply to add-on cards.
Cash Advance
Primary cardholders can withdraw cash up to 50% of the credit limit or Rs. 5 lakhs, whichever is higher.
Add-on cardholders can withdraw up to Rs. 25,000 per month.
Add-on Cards
Primary cardholders can issue add-on cards to authorized personnel within the company.
Add-on cards share the primary card’s credit limit and carry an annual fee of Rs. 400.
Mediclaim Insurance Policy
Cardholders can avail lower-cost medical insurance via Canara Bank’s partnership with United India Insurance.
Options include Family CANARA MEDICLAIM Policy or Individual Cancomfort Policy.
Provides features like cashless hospitalization.
Fees and Charges
Type of Fee
Amount
Joining Fee for Primary Card
Rs. 250
Annual Fee for Add-on Card
Rs. 400
Card Inactivity Fee
Nil
Free Credit Period
Max. 50 days
Interest on Credit
2.5% per month or 30% per annum
Minimum amount due
5% of the billed amount subject to a minimum of Rs. 100
Mark up in case of Transaction in foreign currency
Max. 3%
Duplicate Statement
Rs. 10 for each page
Cheque dishonor charges or unsuccessful payment instructions
Rs. 50
Things to Know Before you apply
Get this card if:
Your business needs a corporate credit card to manage expenses efficiently.
You want to provide authorized personnel with add-on cards for business-related spending.
You are looking for reward points on all corporate transactions.
You want benefits like fuel surcharge waivers and seasonal discounts for business travel.
You want access to lower-cost medical insurance for cardholders.
Eligibility Criteria
Age: 21 to 70 years
Occupation: Salaried or Self-employed
Credit Score: Should have a good credit history
Document Required For Canara Bank Visa Corporate 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
Canara Bank Visa Corporate Credit Card Hilights
What do we like about this card?
Reward Points: 2 points for every Rs. 100 spent, 1 point = Rs. 0.25.
No Annual Fee: Primary card has zero annual fees, only add-on cards have Rs. 400 annual fee.
Cash Advance: Withdraw up to 50% of credit limit or Rs. 5 lakh.
Simply SMS: Send "CANRUPAY" to 56156 from your registered mobile number
Frequently Asked Questions
Everything you need to know about this credit card
You earn 2 reward points for every Rs. 100 spent, with each point worth Re. 0.25. Points can be redeemed through Canara Bank’s dedicated MaxGetMore portal, which offers products in categories like electronics, apparel, DTH recharge, mobile recharge, movie tickets, and more. To redeem, you must first register and activate your reward account.
The interest-free credit period ranges from 20 to 50 days. Note that service charges, fees, and interest apply for cash withdrawals, railway ticket bookings, fuel purchases, and similar transactions.
Yes. A nominal 2% + applicable service tax is charged on the outstanding balance if dues are not paid by the due date.
For customers with revolving credit: 2% of outstanding, minimum Rs. 10, maximum Rs. 150.
For customers without revolving credit: 2% of outstanding, minimum Rs. 20, maximum Rs. 300.
Yes. While the credit card can be used globally, foreign exchange transactions in Bhutan and Nepal are not permitted. Additionally, all overseas remittances are subject to Foreign Exchange Management Act (FEMA), 1999 regulations.
Canara Bank provides Lost Card Protection, where the cardholder’s personal liability is limited to Rs. 1,000 from the time the loss of the Canara Visa Corporate Credit Card is reported.
How Can I Apply for a Credit Card Online?
✔Step 1: Enter your mobile number in the application form
✔Step 2: Provide your personal details
✔Step 3: Enter OTP to verify your mobile number
✔Step 4: Select the credit card
✔Step 5: Compare offers and apply for the best-suited credit card
Compare & Choose the Best Offer
Pre-approved Offers with Instant Disbursals
Know Your Chances of Approval
End-to-End Digital Process
