Rupay Select Secured Credit Card
Rewards & Benefits
Welcome Benefits
Users will get a Rs. 500 gift voucher from Croma (Infiniti Retail Ltd.), a discount coupon from Apollo pharmacy and a Snapdeal offer of Rs. 100 off on the first two transactions.
Milestone Benefits
Cashback Rate
Users will earn 2 reward points for every Rs. 100 spent on credit cards.
Value of 1 reward point = Rs.0.25. Effective cashback rate: 0.50%.
Users will get a 5% cashback offer on eating places & restaurants which is capped at Rs 50 per month.
Movie Benefits
Dining Benefits
Other Benefits
Users will receive "24/7 Concierge Services".
Personal accident Insurance and Permanent Disability cover upto Rs.10 lakhs.
Users will receive free "Spa services".
Users can have access to over 20+ premium golf courses in top cities in India with complimentary golf game or lesson every year.
Users will get complimentary preventive health checkup every year.
Users will get complimentary gym membership.
Users will get 2 free access per quarter at domestic and international airport lounges each.
Users will receive offers/discounts at select online and POS merchants provided by NPCI from time to time.
Additional concessions in interest rates may be applicable as a fixed deposit secures the credit card.
Lounge Access
Fees & Charges
Joining Fee
NIL
Annual Fee
Annual membership fee: NIL
Cash Advance Fee
Cash advance fee: 3% of the transaction amount subject to a minimum of Rs. 30 for every Rs. 1000 or part thereof.
Interest rate
2.50% monthly, 30% annually.
Late Payment Fee
Late payment charges: Rs. 250
Foreign Currency Transactions Fee
Foreign currency markup fee: Up to 3%.
Other Fees
Reward redemption fee: It will be displayed while redeeming the points. | Fuel surcharge: 1%
Cons
Low general cashback rate.
No milestone benefits.
Welcome benefits: Users will get a Rs. 500 gift voucher from Croma (Infiniti Retail Ltd.), a discount coupon from Apollo pharmacy and a Snapdeal offer of Rs. 100 off on the first two transactions.
Reward system: Users will earn 2 reward points for every Rs. 100 spent on credit cards. Value of 1 reward point = Rs.0.25. Effective cashback rate: 0.50%.
Users will get 5% cashback on payment of utility bills for both online and PoS terminals which is capped at Rs. 50 per month.
Users will get a 5% cashback offer on eating places & restaurants which is capped at Rs. 50 per month.
Users will receive "24/7 Concierge Services".
Personal accident Insurance and Permanent Disability cover upto Rs.10 lakhs.
Users will receive free "Spa services".
Users can have access to over 20+ premium golf courses in top cities in India with complimentary golf game or lesson every year.
Users will get complimentary preventive health checkup every year.
Users will get complimentary gym membership.
Users will get 2 free access per quarter at domestic and international airport lounges each.
Users will receive offers/discounts at select online and POS merchants provided by NPCI from time to time.
Additional concessions in interest rates may be applicable as a fixed deposit secures the credit card.
Rewards & Benifits
Welcome Benefits
Users will get a Rs. 500 gift voucher from Croma (Infiniti Retail Ltd.), a discount coupon from Apollo pharmacy and a Snapdeal offer of Rs. 100 off on the first two transactions.
Rewards System
International Forex Markup
Up to 3%
Welcome Benefits and Reward System
Special Features
No joining and annual fee.
Eligibility Criteria
Independent income with a minimum of ₹10 lakh gross per annum for individuals.
Minimum annual gross income of Rs. 60000/- and minimum net take-home salary of not less than ₹.4000/- p.m. for staff members.
The applicant needs to have a Fixed Deposit in the Canara Bank.
Speical Feature, Eligibility and Benefits
How to apply for Credit Card?
Online Application:
Visit the Canara Bank Website: Go to the official Canara Bank website.
Locate the Credit Card Section: Look for the "Credit Cards" or "Apply Online" section.
Select Rupay Select Secured Credit Card: Choose the Rupay Select Secured Credit Card from the available options.
Fill the Application Form: Provide the required personal and financial information, such as your name, address, income, and employment details.
Upload Documents: Upload the necessary documents, including proof of identity, address, and income.
Submit the Application: Review your application and submit it online.
Offline Application:
Visit a Canara Bank Branch: Go to your nearest Canara Bank branch.
Request an Application Form: Ask the bank staff for a Rupay Select Secured Credit Card application form.
Fill the Application Form: Complete the form with the required information.
Submit the Application: Submit the filled form along with the necessary documents to the bank staff.
Contact Details
Call: 13 1800 1030
Account Opening and Procedure
Recommended Credit Cards
Pros:-
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Cons:-
Welcome benefits: Users will get a Rs. 500 gift voucher from Croma (Infiniti Retail Ltd.), a discount coupon from Apollo pharmacy and a Snapdeal offer of Rs. 100 off on the first two transactions.
Reward system: Users will earn 2 reward points for every Rs. 100 spent on credit cards. Value of 1 reward point = Rs.0.25. Effective cashback rate: 0.50%.
Users will get 5% cashback on payment of utility bills for both online and PoS terminals which is capped at Rs. 50 per month.
Users will get a 5% cashback offer on eating places & restaurants which is capped at Rs. 50 per month.
Users will receive "24/7 Concierge Services".
Personal accident Insurance and Permanent Disability cover upto Rs.10 lakhs.
Users will receive free "Spa services".
Users can have access to over 20+ premium golf courses in top cities in India with complimentary golf game or lesson every year.
Users will get complimentary preventive health checkup every year.
Users will get complimentary gym membership.
Users will get 2 free access per quarter at domestic and international airport lounges each.
Users will receive offers/discounts at select online and POS merchants provided by NPCI from time to time.
Additional concessions in interest rates may be applicable as a fixed deposit secures the credit card.
Low general cashback rate.
No milestone benefits.
The card offers a low cashback rate. The card comes loaded with a number of value add features. Overall the card is a good all rounder credit card.
The card offers a low cashback rate. The card comes loaded with a number of value add features. Overall the card is a good all rounder credit card.
Abhijeet Saxena
Abhijeet Saxena
Nalsar University of Law
Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi
Ex - Khaitan & Co. Bengaluru,
Ex - National Stock Exchange, Mumbai,
Ex - Argus Partners, Mumbai
Product Review
Fees & Charges
Joining Fee: NIL
Annual membership fee: NIL
Interest rate: Not specified by the bank.
Cash advance fee: 3% of the transaction amount subject to a minimum of Rs. 30 for every Rs. 1000 or part thereof.
Foreign currency markup fee: Up to 3%.
Reward redemption fee: It will be displayed while redeeming the points.
Late payment charges: Rs. 250
Fuel surcharge: 1%
Fuel Surcharge
1% of the transaction value with a minimum fee of Rs.10 and a maximum of Rs. 100.
Billing Cycle
Up to 50 days