Mastercard Platinum Credit Card
Rewards & Benefits
Welcome Benefits
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%.
Movie Benefits
Dining Benefits
Other Benefits
Users will get a baggage insurance of up to Rs 25,000.; Users will receive offers/discounts at select online and POS merchants from time to time.
Lounge Access
Rewards & Benefits
Welcome Benefits
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%.
Movie Benefits
Dining Benefits
Other Benefits
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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
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%
Fees & Charges
Joining Fee
NIL
Annual Fee
Annual membership fee: NIL
Cash Advance Fee
2.5% or ?500 whichever is higher
Interest rate
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%
Special Features
No joining and annual fee.
Eligibility Criteria
Independent income with a minimum of ₹. 2 Lakh gross per annum for individuals.
Minimum annual gross income of Rs.60000/- and minimum net take home salary of not less than Rs.4000/- p.m. for staff member.
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 Mastercard Platinum Credit Card: Choose the Mastercard Platinum Credit Cardfrom 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 Mastercard Platinum 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
The card offers low cashback rate. The value add features offered by the card are also sub par.
The card offers low cashback rate. The value add features offered by the card are also sub par.
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