Canara Bank Visa Classic/MasterCard Standard Credit Card
- Joining fee
Nil
- Annual fee
Nil
- Best suited for
Shopping
- Reward type
Reward Points
Rewards
- Rewards rate
2 Reward Points on every spend of Rs. 100.
- Reward redemption
The earned Reward Points are redeemable against a host of options at a rate of 1 Reward Point = Re. 0.25.
Benefits
- Insurance
You get an air accident cover worth Rs. 4 lakhs, baggage insurance cover worth 25,000, and a purchase protection cover worth up to Rs. 25,000.
Fees & charges
- Rewards redemption fee
Nil
- Foreign currency markup
3% on all foreign transactions
- Interest rates
2.5% per month or 30% per annum.
- Fuel surcharge waiver
2.5% fuel surcharge waiver on all fuel transactions worth Rs. 400 or more. The maximum waiver is capped at Rs. 100 per month.
- Cash advance charges
3% of the withdrawn amount subject to a minimum of Rs. 30 for every withdrawal of Rs. 1,000 (for Canara Bank ATMs) and different for other banks’ ATMs.
Product highlights
- Lifetime free credit card.
- 2 Reward Points on every spend of Rs. 100.
- Complimentary air accident insurance cover.
- 2.5% fuel surcharge waiver on all fuel transactions.
- A Lower interest rate of 2.5% per month.
FAQs
Is this credit card lifetime free?
Yes, the Canara Bank Visa Classic/MasterCard Standard Credit Card is a lifetime free credit card.
What are the cash advance charges on this card when the cash is withdrawn from an ATM of some other bank?
For Canara Bank ATMs, the cash advance fee on this credit card is 3% or a minimum of Rs. 30 (per Rs. 1,000) and it varies for other bank ATMs.
What is the minimum age required to apply for this credit card?
To apply for the Canara Bank Visa Classic/MasterCard Standard Credit Card, your age should be above 18 years.
What is the monetary value of 1 Reward Point that I earn using this card?
The value of 1 Reward Point earned using this credit card is Re. 0.25.