Everyday credit card · Canara Bank
Canara Bank Visa Platinum Credit Card
Canara Bank Visa Platinum Credit Card is a everyday credit card from Canara Bank. Users will earn 2 reward points for every ₹100 spent on credit cards.
- Joining fee
- Nil
- Forex markup
- Up to 3%
- Interest
- 2.50% monthly, 30% annually
Rewards & cashback
- Users will earn 2 reward points for every ₹100 spent on credit cards
- Value of 1 reward point = ₹0.25
- Effective cashback rate: 0.50%
More benefits & features
- No joining and annual fee
- Users will receive offers/discounts at select online and POS merchants from time to time.; Users will get a baggage insurance of up to ₹25,000
Fees & charges
- Joining fee
- Nil
- Foreign currency markup
- Up to 3%
- Interest rate
- 2.50% monthly, 30% annually
- Late payment
- ₹250
- Cash advance
- 3% of the transaction amount subject to a minimum of ₹30 for every ₹1000 or part thereof
- Fuel surcharge
- 1% of the transaction value with a minimum fee of ₹10 and a maximum of ₹100
- Billing cycle
- Up to 50 days
- Other fees
- It will be displayed while redeeming the points. | Fuel surcharge: 1%
Pros and cons
What works well
- Users will earn 2 reward points for every ₹100 spent on credit cards
- Value of 1 reward point = ₹0.25
- Effective cashback rate: 0.50%
- Users will get 2 self-access per quarter at domestic airports
- Users will receive offers/discounts at select online and POS merchants from time to time
- Users will get a baggage insurance of up to ₹25,000
Worth knowing
- Low general cashback rate
- No welcome benefits
- No milestone benefits
Who can apply
- Independent income with a minimum of ?.2 Lakh gross per annum for individuals
- Minimum annual gross income of ₹60000/- and minimum net take home salary of not less than ₹4000/- p.m. for staff member
How to apply
- 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 Visa Platinum Credit Card: Choose the Visa Platinum 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
Details come from information published by Canara Bank and may change. Confirm current fees, benefits and eligibility with the bank before applying. Some links are partner links; MyRupaya may earn a commission at no extra cost to you.
