Canara Bank Mastercard World Credit Card
- Joining fee
Nil
- Annual fee
Nil
- Best suited for
Shopping
- Reward type
Reward Points
Rewards
- Rewards rate
2 RP for every ₹100 spent on e-commerce transactions
- Reward redemption
1 RP = ₹0.25
Benefits
- Domestic lounge
3 complimentary lounge access every quarter
- International lounge
2 complimentary lounge access every year
- Insurance
It includes purchase protection, baggage coverage, and much more
Fees & charges
- Spend-based waiver
Nil
- Rewards redemption fee
Nil
- Foreign currency markup
3%
- Interest rates
2.5% monthly or 30% annually
- Fuel surcharge waiver
1% waiver on fuel transaction
- Cash advance charges
3% of the advance, minimum ₹30 per ₹1,000
Product highlights
- The interest fee of this card is low.
- Insurance benefits are provided to cardholders.
- Domestic and international airport lounge access is offered to users.
Pros & cons
Pros
- This is a lifetime-free credit card.
- This card includes add-on guests on both domestic and international airport lounges.
Cons
- This card comes with a high Forex markup fee of 3%.
- No extra benefits on dining, entertainment, or golf are included with this card.
FAQs
Are there any dining or entertainment benefits?
No, this card does not offer any specific benefits for dining or entertainment.
What is the interest rate on the card?
The monthly interest rate is 2.5%, translating to an annual rate of 30%.
What insurance benefits does this card provide?
It includes cover for fraudulent charges, baggage insurance, and accident cover, among other benefits.
Is there a minimum transaction amount required for fuel purchases?
Yes, a minimum transaction amount of ₹400 is needed to qualify for the fuel surcharge waiver.