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.
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Canara Bank Rupay Select Secured Credit Card
Rewards & Benefits
Welcome 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
None
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
None.
Dining Benefits
Users will get a 5% cashback offer on eating places & restaurants which is capped at Rs. 50 per mont
Other Benefits
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 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.
Free baggage insurance of INR 25,000.
Free puchase protection cover worth INR 25,000
Free fraudlent charge insurance worth INR 5 lakhs.
Free Air Accident Cover worth INR 8 lakhs for self and INR 4 lakhs for spouse.
Free Accident Cover worth INR 4 lakhs for self and INR 2 lakhs for spouse.
Lounge Access
Users will get 2 free access per quarter at domestic lounges
Cardholders will get 2 free international airport lounge vists each year.
Rewards & Benefits
Welcome 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
None
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
None.
Dining Benefits
Users will get a 5% cashback offer on eating places & restaurants which is capped at Rs. 50 per mont
Other Benefits
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 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.
Free baggage insurance of INR 25,000.
Free puchase protection cover worth INR 25,000
Free fraudlent charge insurance worth INR 5 lakhs.
Free Air Accident Cover worth INR 8 lakhs for self and INR 4 lakhs for spouse.
Free Accident Cover worth INR 4 lakhs for self and INR 2 lakhs for spouse.
Lounge Access
Users will get 2 free access per quarter at domestic lounges
Cardholders will get 2 free international airport lounge vists each year.
Fees & Charges of
Canara Bank Rupay Select Secured Credit Card
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
Interest rate: Not specified by the bank.
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%
Joining Fee
NIL
Annual Fee
Annual membership fee: NIL
Cash Advance Fee
2.5% or ?500 whichever is higher
Interest rate
Interest rate: Not specified by the bank.
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%
Fee and Charges of
Canara Bank Rupay Select Secured Credit Card
Special Features
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.
Eligibility Criteria
No joining and annual fee.
Speical Feature, Eligibility and Benefits of
Canara Bank Rupay Select Secured Credit Card
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 of
Canara Bank Rupay Select Secured Credit Card
Find Offers on Your Credit Card
Find Offers on Your 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.
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