Santa Claus comes around just once a year. In the meantime, there are Credit Cards.
  • Canara VISA Classic / MASTERCARD Standard Credit Cards

    Overview:

    Canara Bank offers the VISA Classic / MASTERCARD Standard Credit Card as an entry-level card that caters to a moderate lifestyle. The card has a number of benefits to offer that you can share with your immediate family members by procuring add on cards for them. The card comes in handy when you need extra cash as you can make withdrawals from any ATM. Get complimentary insurance and purchase protection that will put your mind at peace. Use your credit card across the globe at merchant outlets and online. The card can also be used for mail orders, teleshopping and IVRS. Make shopping more enjoyable by buying what you want and paying for them up to 50 days later. Preference is given to existing customers and account holders.

    Benefits:

    • Reward Points:

      Activate the reward point’s scheme on your credit card and earn points on all your transactions. Collect 2 points for every Rs. 100 you spend. You can later redeem your points at Rs. 0.25 per point.

    • Cash Advance:

      Withdraw up to 50% of your credit limit subject to a maximum of Rs. 50000 cash against your credit card account. A fee of 3% will be charged when you use Canara Bank ATMs, or a minimum of Rs. 30 for every Rs. 1000 withdrawn or part thereof. Withdrawals at other bank ATMs will attract the respective bank’s charges.

    • Zero Annual Fees:

      With the VISA Classic / MASTERCARD Standard card, there are no entrance or annual fees attached. Enjoy the benefits of this card without having to pay any subscription charges.

    • Add on cards:

      Avail of add on cards for your family members for free. These cards also do not carry an annual fee. The family member should be above the age of 18 years.

    • Complimentary Accident Insurance:

      Receive complimentary insurance against accidental death due to air crash for Rs. 4 lakhs for yourself, and Rs. 2 lakhs for your spouse. For death for any other reason, get Rs. 2 lakhs cover for yourself and Rs. 1 lakh for your spouse. Insurance will also cover you against lost baggage, lost card, and give you purchase protection.

    • Complimentary Baggage Insurance:

      You will be covered against lost baggage and related incidents for up to Rs. 25,000 to make your travels more peaceful.

    • Special offer on Mediclaim insurance:

      Canara Bank has a tie-up with M/s United India Insurance Company which offers premiums at very competitive rates exclusively to Canara Bank Credit Cardholders. Pay the premium with your credit card and get interest-free period of 20-50 days.

    • Fuel surcharge waiver:

      2.5% fuel surcharge will be waived if you use your card to purchase petrol and petroleum products for Rs. 400 and above. The card should also have been used for at least Rs. 2,500 on petrol transactions for the billing month. A maximum of Rs. 100 will be reimbursed per month.

    Features:

    • Internationally accepted:

      The card is brought to you in association with MasterCard and VISA and is globally accepted. Use your card in India and abroad at ATMs and merchant outlets. The card is also valid for transactions on the Internet, IVRS, Mail order and Teleshopping.

    • Credit limit:

      The minimum credit limit on this card is Rs. 10,000. The maximum credit limit is determined on the basis of your annual income. You can avail up to 30% of your annual income subject to a maximum of Rs. 3 lakhs. This is at the sole discretion of Canara Bank.

    • Interest-free period:

      Get between 20 and 50 days credit periods to make the payment on your credit card.

    • Revolving credit:

      Repay your outstanding balance according to your financial convenience. The minimum payment due is 5% of the billed amount subject to a minimum of Rs. 100. This amount must be paid by the due date, but the remainder can be carry forward on the basis of applicable interest.

    • Purchase Protection:

      With the Canara Bank VISA Classic / MASTERCARD Standard card, you will be covered for up to Rs. 25,000 against any fraudulent products or services.

    • SMS alerts:

      Register for the free SMS alerts to be informed every time you swipe your credit card. This will protect you from fraud and skimming.

    Important Fees and Charges:

    Charge

    Amount

    Joining Fee

    Nil

    Annual Fee

    Nil

    Supplementary Card

    Nil

    Interest on revolving credit

    2.5% per month or 30% per annum

    Minimum due

    5% of the billed amount, subject to Rs. 100 minimum

    Cash advance transaction charge at Canara Bank ATMs

    3% of transaction amount, or a minimum of Rs. 30 for every Rs 1000 crossed

    Cash advance transaction charge at Other Bank ATMs

    As per the respective bank

    Other Fees and Charges:

    Charge

    Amount

    Late payment charges

    2% of the amount due, subject to a minimum of Rs. 10 and a maximum of Rs. 150.

    Card inactivity

    Rs. 400. Waived if you spend Rs. 12,000 or more.

    Add on Card inactivity

    Rs. 300. Waived if you spend Rs. 12,000 or more.

    EMV Card

    Rs. 250 (Regardless if it is for replacement or renewal except in case of card malfunction)

    Dishonoured cheque

    Rs. 50

    Card replacement

    Free

    Chargeslip request processed by Canara Bank

    USD 2

    Chargeslip request processed by any other bank

    USD 6

    Duplicate Statement

    Rs. 10 per page

    Overdue reminder fee

    Rs. 50 per notification

    Fuel surcharge

    2.5 % of the transaction subject to a minimum of Rs. 10.

    Outstation cheque processing charge

    Rs. 100 per cheque (Plus any charges levied by the other bank)

    Foreign currency transactions

    Up to 3% conversion mark up (applicable on cards enabled for global use)

    Eligibility:

    You can be eligible for a Canara Bank VISA Classic / MASTERCARD Standard Credit Card if you satisfy the eligibility requirements.

    • The minimum income required is Rs. 1 lakh per annum.
    • It is preferable that you have a Canara Bank account.
    • You need to have a PAN card.
    • You should have satisfactory dealings with the bank and its particular branch.
    • You need a mobile connection to subscribe for the SMS alerts.
    • You need a good credit history. Canara Bank will enquire into your CIBIL score.

    Canara VISA Classic / MASTERCARD Standard Credit Cards FAQs:

    1. When will my Canara Bank VISA Classic / MASTERCARD Standard credit card dues be billed?

      The VISA Classic card is billed on the 20th of every month, and your payment due date will be the 10th of the following month.

      The MasterCard Standard card is billed on the last day of every month, and the payment due date is the 20th of the next month.

    2. How do I receive my Canara Bank credit card statement?

      Your credit card statement will be sent to you well before the payment due date. You can receive it through regular post or via email. Canara Bank also sends SMS alerts with the amount due and payment due date information.

    3. How do I pay my Canara Bank Credit Card bill?

      You need to designate a Canara Bank account from which the credit card dues will be debited. Ensure that you maintain a sufficient balance to pay your credit card bill. If you fail to maintain the necessary balance, the account will be overdrawn to cover the amount due. The overdrawn amount attracts interest and must be cleared in 15 days.

      You can also use Electronic Fund Transfer (NEFT) facility. You can avail of free Demand Drafts from any Canara Bank branch towards payment of your card dues. You also have to option to remit cash or even cheques at any branches of Canara Bank.

    4. How is the interest-free credit period determined?

      You can get a minimum of 20 days interest free on your purchases and a maximum of 50 days. This depends on the date of your transaction and the billing date. If you clear your bills in full every month and do not carry forward a balance, then your interest-free period will reset and begin again. If you pay the minimum due, or partially, then the outstanding amount will attract interest from the due date. Any subsequent purchases will also attract interest immediately, without an interest-free period.

    5. What is the minimum due on my Canara Bank credit card?

      The minimum due is 5% of the billed amount. A minimum of Rs. 100 will be charged.

    6. What is the penalty for missing a payment?

      Missing a payment attracts a penalty of 2% + service tax on the outstanding amount not paid by the due date. Your card will also be temporarily suspended till you clear your debt in full.

    7. What happens if I cannot pay back my credit card bill?

      Use your card wisely, and don’t spend more than you can pay back. In the event you are unable to pay back your dues, your card will be hotlisted. Your default will be reported to CIBIL and included in the negative list. This will hamper your future credit opportunities. Apart from this, Canara Bank has the right to initiate legal action to recover the amount due.

    8. Why does Canara Bank insist I replace my card after going abroad?

      Canara Bank requests you to replace your card with a new one to avoid fraud. Skimming is a practice where fraudsters steal credit card information to make a duplicate. This practice is prevalent abroad. So upon your return, the bank will replace your card for free as a precautionary measure against skimming, duplication and fraudulent charges.

    Other Top Credit Cards By Canara

      

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    Canara VISA Classic / MASTERCARD Standard Credit Cards Reviews

    • Canara Bank Credit Card
      "Need to provide more offers"
      0.5 4.0/5 "Great!"
      CANARA Bank has provided low credit limit of 10K only. When I was getting this card my salary was low so due to that I received this low limit. I have been holding this card for one year. It is annual fee chargeable of 499 plus GST. There is no much offers in this card so have decided to close it.
      Was this review helpful? 11
      , chennai
      Reviewed on Mar 18, 2020
    • Canara Bank
      Canara Bank Credit Card
      "Average service "
      0.5 3.0/5 "Satisfactory"
      I am holding a savings account with CANARA Bank quite for a long time. There is no hidden charges in this bank. But i need not to maintain a minimum balance. ATMs service are half a kilometer from my residence, when ever i do cash withdrawal i use to get alert messages.
      Was this review helpful? 8
      , coimbatore
      Reviewed on Mar 03, 2020
    • Canara Bank Credit Card
      "Good bank "
      0.5 4.5/5 "Excellent!"
      I am using CANARA Bank savings account more than 4 years. This is my salary account based on this i got this offer and this is a free card. Credit limit is okay Rs.50K they will increase, cash withdrawal is there some limit is Rs. 30k. Customer service was good and i am using this card for all purpose.
      Was this review helpful? 8
      , coimbatore
      Reviewed on Mar 03, 2020
    • Canara Bank Credit Card
      "Good card"
      0.5 5.0/5 "Blown Away!"
      I have been using CANARA Bank credit card since 2017. Credit limit is sufficient and good, they given a life time free card. Mostly i use this card for shopping, fuel and all purpose. Reward point is available but not yet utilized. Customer service and response was good.
      Was this review helpful? 5
      , dindigul
      Reviewed on Feb 20, 2020
    • Canara Bank Credit Card
      "Good card "
      0.5 4.5/5 "Excellent!"
      CANARA bank staff is prompt and very good in response. I have been using the card for more than one year. It is a life time free. The credit limit is good. It is a visa card. I use to do on time payment so far I have not faced any charge for late fee. Many times I used EMI conversion with nominal charges. For general purpose I took this card.
      Was this review helpful? 4
      , coimbatore
      Reviewed on Feb 08, 2020
    • Canara Bank Credit Card
      "Need to increase the credit limit"
      0.5 4.0/5 "Great!"
      I have CANARA bank credit card which was availed through bank. This card is with me for the past 1 month and this was a free card. I have not used the credit card so far. The process was smooth when applied for this card . Credit limit is very less Rs. 10K, if they increase it will be good. Mostly i use this card for shopping.
      Was this review helpful? 4
      , tuticorin
      Reviewed on Jan 28, 2020
    • Canara Bank Credit Card
      "Need to improve the services"
      0.5 2.0/5 "Expected more"
      I hold salary account with Canara Bank, so they offered me with credit card. There is no option on minimum balance. I need to pay the completed amount, what i spend last month. I will close this card as I am not getting any benefits. I need to pay the amount with in 20 days from bill generation, if not they will be auto debit or block the amount in my account.
      Was this review helpful? 2
      , hyderabad
      Reviewed on Jan 25, 2020
    • Canara Bank Credit Card
      "Good service"
      0.5 3.0/5 "Satisfactory"
      I have canara bank credit card which was availed through bank.This credit card is with me for the past 1 month and this was a chargeable card .This credit was suggested by my friend only .I have not used the credit card so far .The process was smooth when applied for this card .
      Was this review helpful? 2
      , hyderabad
      Reviewed on Jan 17, 2020
    • Canara Bank Credit Card
      "Good Service"
      0.5 4.0/5 "Great!"
      I have Canara Bank credit card which was taken through Bank directly.I am using this credit card for the past 3 years ,The credit limit was satisfied and not got cash back offers as well as reward points . I have chosen auto debit facility for payments and also EMI option is available and billing cycle was clearly explained .
      Was this review helpful? 3
      , hyderabad
      Reviewed on Dec 19, 2019
    • Canara Bank Credit Card
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      I have Canara Bank credit card which was taken through Bank.I am using this credit card for the past 10 years .This was a life time free card and have good credit limit which is sufficient .This credit card is not having any extra benefits and i am comfortable with the service.
      Was this review helpful? 12
      , durgapur
      Reviewed on Dec 03, 2019
    • Canara Bank Credit Card
      "Best Card"
      0.5 4.0/5 "Great!"
      Canara bank credit card is my first card and the limit is less which is Rs. 15,000. They have provided me based on salary account. I never checked about any offers. When I'm in sort of cash, I use my credit card. I have been holding the credit card for more than 10 years and they said they won't increase the limit because of the salary amount. If I want to increase the same, I have to produce the salary certificate.
      Was this review helpful? 3
      , coimbatore
      Reviewed on Nov 28, 2019
    • Canara Bank Credit Card
      "Satisfied Card"
      0.5 4.5/5 "Excellent!"
      Since I have a savings account with Canara bank, they have offered a credit card but there is no offers to use the card and they have not given any benefits by this card such as rewards points, discounts or cash back. I'm not happy with the credit limit and its a free card to use.
      Was this review helpful? 2
      , navi mumbai
      Reviewed on Nov 26, 2019
    • Canara Bank Credit Card
      "Good service"
      0.5 3.5/5 "Pretty good"
      I am using CANARA BANK credit card for past 6 years. Limit enhancement would be done and the limit is Rs.50000.EMI options are not available and there is no minimum balance options. I want to pay the complete used amount with the last date, credit time is 50 days. It is life time free card. I use this card for shopping. It is a hassle free experience.
      Was this review helpful? 2
      , hosur
      Reviewed on Nov 25, 2019
    • Canara Bank Credit Card
      "Better card"
      0.5 5.0/5 "Blown Away!"
      More than 5 years, I am using Canara bank credit card. Earlier i had closed the card and now i got the new card because of their Manager's recommendation. Only 4 days back, i have received my new card and yet to experience the benefits. Its free card and there is no joining fee.
      Was this review helpful? 3
      , bangalore
      Reviewed on Nov 12, 2019
    • Canara Bank Credit Card
      "Everyone can use this card without any annual fee"
      0.5 5.0/5 "Blown Away!"
      Approximately 7 months ago, i have purchased the canara bank credit card. They have provided me a credit limit of Rs. 40000 and there is no annual fee. I'm not getting any offers on this card. They have dispatched the credit card without any delay. Canara bank employees are behaving nicely.
      Was this review helpful? 2
      , new delhi
      Reviewed on Oct 29, 2019
    • Canara Bank Credit Card
      "Good Services"
      0.5 5.0/5 "Blown Away!"
      There is no any charges like annual charges or hidden charges in canara bank. They are providing transparent service to the customers. I have been using the canara bank credit card for past 3 years and i am not getting any benefits on this card. They are providing a rewards points which is 4 points is equal to Rs. 1. I can convert this rewards points into cash.
      Was this review helpful? 4
      , belgaum
      Reviewed on Sep 19, 2019
    • Canara Bank Credit Card
      "Good Credit Card"
      0.5 5.0/5 "Blown Away!"
      I have a credit card of Canara bank with life time free benefits, but I am not using it often. The credit limit is sufficient for my transactions, I have been holding this card from 2006 I didn't request for any upgrade on the card because I don't have interets however there is no hidden charges taken from my end.
      Was this review helpful? 2
      , panipat
      Reviewed on Sep 13, 2019
    • Canara Bank Credit Card
      "Good"
      0.5 4.0/5 "Great!"
      I had an offer for a master credit card from Canara bank since I am holding a salary account and was provided with the very good credit limit and I have been using this card for almost 6 months. It is a life time free credit card. But there is no option for an EMI.
      Was this review helpful? 1
      , chennai
      Reviewed on Aug 25, 2019
    • Canara Bank Credit Card
      "Better Card"
      0.5 5.0/5 "Blown Away!"
      In the bank branch they have provided me a canara bank credit card. When i opened the account, i got this card. I'm not getting any offers. The given credit limit is Rs. 10000 which is a lowest limit on all my cards. Its a life time free credit card to use.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Aug 20, 2019
    • Canara Bank Credit Card
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I had an offer from canara bank and was provided with the very good credit limit and have been using this card for almost 3 years. . I use to make cheque payment is crossed 1 lakh and above if it is below 1 lakh i use to make an online payment. It was my first credit which used and happy.
      Was this review helpful? 4
      , bangalore
      Reviewed on Jul 26, 2019
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