Canara Bank Classic Credit Card
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Canara Bank Visa Corporate Credit Card

cat name Travel
cat name Reward Points

Best Suited For: Rewards & Travel

Joining Fee: ₹250 + GST

Renewal Fee: ₹250 + GST

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 Corporate Credit Card is designed to help businesses manage their expenses effectively. With this credit card cardholders get worldwide acceptance which makes it the perfect credit card for making international transactions. It also offers various other benefits such as 50 days of interest-free credit, flexible repayment options, and many more. This credit card is the perfect choice for private companies, partnership firms, and chartered accountant firms.

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All You Need To Know

Card Type

Rewards & Travel

Global Acceptance
  • This credit card can be used anywhere in the world for seamless business transactions.
Interest-Free Credit Period
  • With this credit card cardholders can enjoy up to 50 days of interest-free credit.
Revolving Credit Facility
  • With this facility, cardholders can just pay 5% of the outstanding amount or ₹100 (whichever is higher) for a more flexibility repayment.
SMS Alerts
  • After every transaction users receive instant SMS notifications for every transaction, enhancing security and monitoring.
Fuel Surcharge Waiver
  • Cardholders can also avail 1% fuel surcharge waiver across all fuel stations in India.
Seasonal Offers
  • These offers provide additional opportunities to save money on travel bookings through partners like Goibibo.
Insurance Benefits
  • Air Accident Cover: Cardholders and their spouse get coverage of ₹4 lakh and ₹2 lakh respectively.
  • Non-Air Accident Cover: Coverage of ₹2 lakh for the cardholder and ₹1 lakh for the spouse.
  • Baggage Insurance: Up to ₹25,000 for lost or delayed baggage.
  • Purchase Protection Cover: Coverage up to ₹25,000 against theft or damage of purchases.
  • Fraudulent Charge Cover: Protection against unauthorized transactions up to ₹2 lakh.

Canara Bank Visa Corporate Credit Card Eligibility:

Eligibility Criteria of Canara Bank Visa Corporate Credit Card

  • Business Entities: This card is available to partnership firms, chartered accountants, tax consultants, solicitors, public sector enterprises, and reputable private and public companies.
  • Banking Relationship: To apply for this credit card the applicants should have an existing relationship with Canara Bank, either through credit facilities with satisfactory status or a minimum of 12 months of transactional history.

Documents Required

  • Proof of Business: Registration certificates, partnership deeds, or incorporation documents.
  • Financial Statements: Audited balance sheets, profit & loss statements, and recent bank statements.
  • KYC Documents: PAN Card, Aadhaar Card, Passport, or any other government-approved identity and address proofs for authorized signatories.

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

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

Fee / Charge Amount/Rate
Annual Fee ₹250 + GST
Joining Fee ₹250 + GST
Finance Charges 2.5% per month (30% per annum)
Foreign Currency Markup 3% on all foreign currency transactionss
Cash Advance Charges 3% of the amount withdrawn, subject to a minimum of ₹30 per ₹1,000
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 across all fuel stations in India

*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 comes with an annual fee of ₹250 plus applicable GST.

This card does not offer a reward points program this is one of the downsides of this credit card.

With the Canara Bank Visa Corporate Credit Card users get various insurance covers, including air and non-air accident coverage, baggage insurance, purchase protection, and protection against fraudulent charges.

Yes, with the Canara Bank Visa Corporate Credit Card, cardholders get a 1% fuel surcharge waiver on all fuel stations in India.

The Canara Bank Visa Corporate Credit Card offers up to 50 days of interest-free credit. Which helps the cardholders manage their finances more efficiently.

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 Corporate Credit Card on
mybankingtips.com

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