About Canara Bank Visa Classic/MasterCard Standard Credit Card
The Canara Bank Visa Classic and MasterCard Standard Credit Cards are entry-level cards designed for moderate lifestyles. These cards let you share benefits with your family through add-on cards and provide easy access to cash via ATM withdrawals. Cardholders also enjoy complimentary insurance and purchase protection for added peace of mind. Additionally, these cards are widely accepted at merchant outlets and online, both in India and internationally.
Canara Bank offers two entry-level credit cards designed for everyday users. These cards provide essential features, making them a practical choice for the average consumer. The cards are: Canara Bank Visa Classic Credit Card and Canara Bank MasterCard Standard Credit Card.
Other Features and Benefits
Zero Annual Fees: No joining or annual fees for both primary and add-on cards.
Reward Points: Earn 2 points for every Rs. 100 spent on all transactions. Redeem points at Rs. 0.25 per point.
Cash Advance: Withdraw up to 50% of your credit limit or Rs. 50,000. Charges: 3% at Canara Bank ATMs (minimum Rs. 30 per Rs. 1,000) or as per other bank ATM charges.
Add-on Cards: Issue free add-on cards to family members above 18 years; no annual fees.
Complimentary Accident Insurance: Covers accidental death (Air Crash: Self Rs. 4 lakh, Spouse Rs. 2 lakh; Other: Self Rs. 2 lakh, Spouse Rs. 1 lakh), lost card, and purchase protection.
Complimentary Baggage Insurance: Coverage up to Rs. 25,000 for lost baggage.
Special Mediclaim Offers: Avail discounted insurance premiums through United India Insurance with interest-free credit period of 20–50 days.
Fuel Surcharge Waiver: 2.5% waiver on fuel transactions of Rs. 400+ when minimum Rs. 2,500 is spent on petrol for the billing month; maximum reimbursement Rs. 100 per month.
Fees and Charges
Category
Value
Joining Fee
Nil
Cash Withdrawal Fee
3% of the amount / Min. Rs. 30 per Rs. 1,000
Card Inactivity Fee
Rs. 400. If spends are below Rs. 12,000
Card Inactivity Fee for Add-on Card
Rs. 300. If spends are below Rs. 12,000
Finance Charges
2.5% p.m. / 30% p.a.
Minimum Payment
5% of the billed amount. Min. Rs. 100
Foreign Transaction Fee
Up to 3%
Duplicate Statement Charge
Rs. 10
Cheque Dishonour Fee
Rs. 50
Reminder Fee on Overdue Amount
Rs. 50 per notice
Delayed Payment Fee
For Revolving Credit- 2%; Min. Rs. 10/Max. Rs. 150 For Non-Revolving Credit- 2%; Min. Rs. 20/Max. Rs. 300
Things to Know Before you apply
Get this card if:
You are looking for a basic, entry-level credit card with zero joining and annual fees.
You want to earn reward points on everyday spends and redeem them for purchases or cashback.
You want complimentary add-on cards for family members.
You prefer cards with travel-related insurance benefits like air accident cover and baggage insurance.
You want a card with fuel surcharge waiver and optional EMI conversion on purchases.
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 Classic/MasterCard Standard 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 Classic/MasterCard Standard Credit Card Hilights
Canara Bank
Fuel
Reward Points
