Mastercard Gold Credit Card

Mastercard Gold Credit Card is a everyday credit card from Canara Bank. Effective cashback rate: 0.50%.

Joining fee: Nil
Forex markup: Up to 3%
Interest: 2.50% monthly, 30% annually

More Canara cards

Rewards & cashback

Effective cashback rate: 0.50%
Users will earn 2 reward points for every ₹100 spent on credit cards
Value of 1 reward point = ₹0.25

More benefits & features

No joining and annual fee
Users will get baggage insurance of up to ₹25,000.; Users can claim accident cover (air accident)of Rs ₹4 Lakhs for themselves, and Rs ₹2 Lakhs for their spouse.; Users will receive offers/discounts at select online and POS merchants from time to time

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 baggage insurance of up to ₹25,000
Users can claim accident cover (air accident)of ₹4 lakhs for themselves, and ₹2 lakhs for their spouse
Users will receive offers/discounts at select online and POS merchants from time to time

Worth knowing

Low general cashback rate
No welcome benefits
No milestone benefits
No airport lounge access

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 Mastercard Gold Credit Card: Choose the Mastercard Gold 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.