Canara Bank RuPay Platinum Secured Credit Card

RuPay Platinum Secured credit card offered by Canara Bank that can be used for both domestic and international transactions. The card offers multiple other benefits at zero annual and joining fees. 

The Canara Bank RuPay Platinum Secured Credit Card offers a range of premium benefits, including fuel surcharge waivers, complimentary domestic airport lounge access, and exciting RuPay Platinum offers on dining, travel, and shopping. From global acceptance to reward shopping, the card offers numerous benefits at zero joining and annual fees. 

Features of Canara Bank RuPay Platinum Secured Credit Card

The key features of the Canara Bank RuPay Platinum Secured Credit Card are mentioned below: 

  1. Offers both domestic and international acceptance. 
  1. Either via net banking, mobile banking, or by visiting the base branch, the card can be activated for international use. 
  1. The card is accepted both for domestic and international use.
  1. ATM cash withdrawals 
  1. Point of Sale (PoS) purchases 
  1. Transaction limits and On/Off settings can be managed through net or mobile banking or by visiting the branch. 
  1. Credit limit range per month: Minimum Rs.50,000 and maximum Rs.50 lakh 
  1. Cash withdrawal limit: 50% of credit limit or Rs.50,000, whichever is lower 
  1. Expected minimum annual turnover: Rs.50,000 
  1. For every Rs.100 spent on PoS or e-commerce, the card offers two reward points. 
  1. Redeem points for cashback or goods at www.canararewardz.com. 
  1. Fraudulent transaction cover: Rs.5 lakh 
  1. Baggage insurance: Up to Rs.25,000 
  1. Purchase protection: Up to Rs.25,000 
  1. Accident cover (Air accident): Rs.8 lakh for self and Rs.4 lakh for spouse
  1. Accident cover (non-air accident): Rs.4 lakh for self and Rs.2 lakh for spouse

Benefits of Canara Bank RuPay Platinum Secured Credit Card 

The Canara Bank RuPay Platinum Secured Credit Card offers a host of benefits to the cardholders which are mentioned below: 

  1. Offers up to 50 days of interest-free credit on purchases. 
  1. Convenient EMI conversion available through the Canara ai1 app. 
  1. Access ATM cash withdrawals and other non-financial services. 
  1. Allows easy shopping at PoS terminals in merchant outlets 
  1. Offers discounts on online shopping. 
  1. Widely accepted for domestic and international transactions. 
  1. No annual, joining, or enrolment fees is required. 
  1. Earn reward points on every PoS and e-commerce transaction. 
  1. Domestic airport lounges: 2 visits per quarter for cardholder 
  1. International airport lounges: 2 visits per year for cardholder

Eligibility Criteria for Canara Bank RuPay Platinum Secured Credit Card 

The eligibility criteria that must be fulfilled to apply for Canara Bank RuPay Platinum Secured Credit Card are mentioned below: 

  1. For individuals, the minimum annual gross income should be Rs.2 lakh. 
  1. For staff members: 
  1. Minimum annual gross income: Rs.60,000 
  1. Minimum monthly net take home salary: Rs.4000

Fees and Charges of Canara Bank RuPay Platinum Secured Credit Card

The fees and charges applicable on Canara Bank RuPay Platinum Secured Credit Card are given in the table below: 

Fees and charges 

Amount 

Enrolment fee 

Nil 

Annual fee 

Nil 

Inactivity fee (If the cardholder fails to meet the annual turnover) 

Rs.200 

Credit-free period 

20 to 50 days 

Card replacement fee (for both primary and add-on card) 

Rs.300 per card 

Revolving amount charges 

30% per annum (2.50% per month) 

Minimum Amount Due - MAD 

5% of the total amount outstanding (minimum of Rs. 100) plus all applicable charges/fees/taxes plus EMI (if EMI availed by cardholder) plus over the limit amount (if any) 

Foreign currency markup 

3% 

Cheque dishonor charges 

Rs.50 

EMI Processing Fee 

2% of transaction amount (Minimum and maximum of Rs.100 and Rs.200, respectively) 

Rate of Interest on EMI 

13% p.a. for EMI period of three, six and nine months14% p.a. for EMI period of 12,18 and 24 months. 

Fuel surcharge 

1% of transaction value with minimum fee of Rs.10 plus applicable taxes. 

Railway surcharges:Tickets booked through railway countersTickets booked through www.irctc.co.in 

Rs.30 plus 2.50% of transaction amount1% of transaction amount plus applicable taxes 

Transaction fee for cash withdrawal 

3% of the transaction amount (Minimum of Rs.30 for every Rs.1000) 

Late payment charges 

Rs. 250 plus GST will be charged in addition to the existing service charges on carried over balance. 

Note: 

  1. All the above charges are excluding of 18% GST (Goods and Services Tax). 
  1. Any change in fees and charges is at the discretion of the bank. 
  1. Pocket expenses for any services will be in addition to the fees or charges mentioned in the table above. 

FAQs on Canara Bank RuPay Platinum Secured Credit Card

  • What are the benefits of the Canara Bank RuPay Platinum Secured Credit Card?

    The key benefits of RuPay Platinum Secured credit cards include access to RuPay Platinum offers, airport lounge access at select domestic airports, fuel surcharge waivers, reward points for PoS or e-commerce transaction, EMI conversion, interest-free period, and ATM cash withdrawal. 

  • Is there any joining or annual fee for the Canara Bank RuPay Platinum Secured credit card?

    No, there is no annual or joining fee for RuPay Platinum Secured credit card. 

  • What is the credit limit for the RuPay Platinum Secured Credit Card?

    The credit limit of Canara Bank RuPay Platinum Secured credit card ranges between a minimum of Rs.50,000 and maximum up to Rs.50 lakh. 

  • What is the maximum credit limit of Canara Bank RuPay Platinum Secured credit card?

    The maximum credit limit of Canara Bank RuPay Platinum Secured credit card is Rs.50 lakh per month. 

  • Can I use the Canara Bank RuPay Platinum Secured Credit Card internationally?

    Yes, RuPay Platinum Secures credit cards offered by Canara Bank can be used internationally, and the card charges 3% foreign currency markup for all international transactions. 

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