The Canara Bank Global Gold Credit Card is a unique offering to the elite class. The card is tailored to meet the requirements of a high-end lifestyle. Use the card around the world and indulge in luxury, style and comfort. The card brings more convenience to your elegant environment. The Global card costs Rs. 250 but carries no annual fees. Be entitled to cash advances, revolving credit, surcharge waivers, and complimentary insurance. The Global Credit Card is EMV chip and PIN enabled which enhances security and protection against fraud. Get purchase protection to ensure you never get cheated by fraudulent sellers. Avail of add on cards for your family members and allow them to indulge in the experience as well.
Other than the one-time joining fee of Rs. 250, Canara Bank does not levy any annual fees on this card. Enjoy the features and benefits of the Gold card every year for free!
Collect reward points on all transactions made on the credit card. You need to activate the rewards scheme. Get two points for every Rs. 100 you spend. Redeem your points at Rs. 0.25 per point.
You are entitled to withdraw up to 50% of your credit limit with your Canara Global Gold Card. This is subject to a maximum of Rs. 50,000 cash against your credit card account. The charges for this service is 3% of the transaction amount when you use Canara Bank ATMs, or a minimum of Rs. 30 for every Rs. 1,000 withdrawn or part thereof. If you make a withdrawal at any other bank's ATMs, the charges of that bank will be applicable.
For immediate family members above the age of 18, you can extend the benefits of the Canara Bank Global Gold card by taking Add-on cards for them. There are no annual fees attached.
Upon purchase of petrol and petroleum products on your Global Gold card, the 2.5% fuel surcharge will be waived for transactions of Rs. 400 and above. You are entitled to a maximum reimbursement of Rs. 100 per month. To avail of this waiver, you should spend at least Rs. 2,500 on petrol transactions for the billing month.
You will receive complimentary insurance against accidental death due to air crash for Rs. 8 lakhs for yourself, and Rs. 4 lakhs for your spouse. For death by any other reason, the insurance will cover Rs.4 lakhs for yourself and Rs. 2 lakhs for your spouse.
Canara Bank has an arrangement with M/s United India Insurance wherein Canara Bank Global Gold customers can avail of Mediclaim policies at competitive rates. The premium will be significantly reduced.
Have peace of mind when you travel with complimentary insurance against lost baggage for up to Rs. 50,000.
The Canara Bank Global Gold credit card is issued in association with VISA and MasterCard. The card is accepted worldwide. You can use the credit card in India and abroad at merchant outlets and ATMs. The card is also accepted on the Internet, IVRS, Teleshopping and Mail order.
The card is embedded with an EMV chip that gives you added protection against fraud and duplication. The card also required a PIN to authenticate your transactions.
You can avail of a credit limit of up to 50% of your annual income. The minimum limit is Rs. 50,000. The maximum credit limit is set at Rs. 25 lakhs. Credit limits are issued at the sole discretion of the Card Division of Canara Bank.
Get up to 50 days interest-free periods to make payments on your credit card.
Choose to pay your credit card bill according to your financial convenience. The minimum payment due is Rs. 100 or 5% of the billed amount, whichever is higher. The minimum amount must be paid by the due date. You can carry forward the remainder but interest will be levied.
When you shop with your Canara Bank Global Gold Credit Card, you are free from fraudulent products and services with Purchase Protection. Be covered for up to Rs. 50,000 in the event you need to dispute a charge.
SMS Alerts are provided free of charge. Register for this service and receive updates on transactions on your card, account summaries, bank balance, bill amounts, payment due dates and more.
| Type of Charge | Amount |
|---|---|
| Joining Fee | Rs. 250 + Service tax |
| Annual Fee | Nil |
| Add on Card | Nil |
| Interest on revolving credit | 2.5% per month (30% per annum) |
| Minimum due | 5% of the billed amount, subject to Rs. 100 minimum |
| Type of Charge | Amount |
|---|---|
| Cash advance limit | 50% of the credit limit, subject to a maximum of Rs. 50,000. |
| Cash advance transaction charge at Canara Bank ATMs | 3% of transaction amount, or a minimum of Rs. 30 for every Rs 1,000 or part thereof. |
| Cash advance transaction charge at Other Bank ATMs | Charges of the respective bank will be applicable. |
| Late payment charges | Rs. 10 or 2% of the amount due, whichever is higher. Subject to a maximum of Rs. 150. |
| Card inactivity | Rs. 750. Waived if you spend Rs. 25,000 or more. |
| Add on Card inactivity | Rs. 750. Waived if you spend Rs. 25,000 or more. |
| EMV Card | Rs. 250 (Waived only in case of card malfunction) |
| Fuel surcharge | 2.5 % of the transaction subject to a minimum of Rs. 10. |
| Foreign currency transactions | Up to 3% conversion mark up (applicable on cards enabled for global use) |
| Outstation cheque processing charge | Rs. 100 per cheque (Plus any charges levied by the other bank) |
| Dishonoured cheque | Rs. 50 |
| Overdue reminder fee | Rs. 50 per notification |
| Duplicate Statement | Rs. 10 per page |
| Card replacement | Free |
| Chargeslip request processed by Canara Bank | USD 2 |
| Chargeslip request processed by any other bank | USD 6 |
You can be eligible for a Canara Bank Global Gold Credit Card if you meet the eligibility requirements.
The minimum due is calculated as 5% of the billed amount. Rs. 100 is the minimum amount that will be charged.
A charge of 2% + service tax on the outstanding amount not paid by the due date will be applicable. Canara Bank will suspend the usage of your credit card till you clear your debt in full.
A credit card comes with great financial responsibility and must be used only to the extent that you can afford. In case you cannot pay back your dues, Canara Bank will hotlist your credit card. You will be reported to CIBIL and will appear on the negative list. This will have an impact on any future credit opportunities such as loans and overdrafts. Canara Bank also has the right to impose legal action to recover the overdue amount.
The VISA Gold card is billed on the 20th of every month. The date will be the 10th of the next month.
The MasterCard Gold card is billed on the last working day of every calendar month. The payment due date will be the 20th of the next month.
You can opt to receive your credit card statement via email or post. The statement will be sent to you well in advance before the payment due date. You can also opt to receive SMS alerts with the bill information and due date so that you do not miss a payment.
With your Canara Bank, Global credit card, you can get upto 50 days interest-free. That means you have up to 50 days to pay back the amount you spent without any interest. The credit period is determined based on the date of your transaction and the billing date. Clear your bills in full to carry on the interest-free period. If you carry forward a balance, then the interest-free period lapses, and interest is charged on the revolving amount as well as any subsequent purchases.
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