Travel on Points

Canara Bank RuPay Classic Credit Card

  • Joining fee

    Nil

  • Annual fee

    Nil

  • Best suited for

    Shopping

  • Reward type

    Reward Points

Rewards

  • Rewards rate

    2 RP for every ₹100

  • Reward redemption

    Redeem your Reward Points for buying products or paying for a service. 1 RP = ₹0.25

Benefits

  • Domestic lounge

    Available

  • Insurance

    Purchase Protection, Air Accident Cover, etc

Fees & charges

  • 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

  • This is a lifetime-free card with no joining fee.
  • This card provides insurance coverage, including baggage insurance, air accident cover, and much more.

Pros & cons

Pros

  • Users get up to 50 days of interest-free credit period.

Cons

  • This card only offers basic benefits and does not provide discounts on dining, entertainment, or any welcome perks.

FAQs

Are there any annual fees for this card?

There are no annual fees; it’s a lifetime-free card.

How can I redeem my Reward Points?

You can redeem your Reward Points for cashback or goods purchases through Canararewardz, with each point valued at ₹0.25.

What happens if I don’t use the card for a year?

If you spend less than ₹12,000 in a year, you will incur a fee of ₹100.