Canara Bank Visa Signature Credit Card

The Canara Bank Visa Signature Credit Card ensures secure transaction and global acceptance across Visa‑enabled merchants. The card comes with a host of benefits, such as exclusive rewards, airport lounge, EMI conversion, and many more. 

The Canara Bank Visa Signature Credit Card is a premium choice for consumers seeking luxury and global convenience. The card offers worldwide acceptance of Visa‑enabled merchants, exclusive rewards programs, and personalized concierge services along with tailored credit limits and robust security features. Here is more details about the Canara Bank Visa Signature credit card.

Features of Canara Bank Visa Signature Credit Card

The key features of the Canara Bank Visa Signature Credit Card are mentioned below: 

  1. Accepted both at domestic and international merchants. 
  1. International usage can be enabled via net banking, mobile banking, or by visiting the base branch. 

Transaction Types Allowed

  1. ATM Cash Withdrawals 
  1. Point of Sale (PoS) transactions 
  1. E-commerce purchases 
  1. On/Off controls and transaction limits manageable via mobile/net banking or branch visit 

Credit and Cash Limits

  1. Minimum credit limit: Rs.1.50 lakh per month 
  1. Maximum credit limit: Rs.50 lakh per month 
  1. Cash withdrawal limit: 50% of credit limit or Rs.50,000, whichever is lower 
  1. Minimum annual spend expected: Rs.2 lakh

Insurance and Protection Benefits

  1. Fraudulent transaction cover: Rs.5 lakh 
  1. Purchase protection cover: Up to Rs.25,000 
  1. Baggage insurance: Up to Rs.25,000 
  1. Accidental death (Air): Rs.8 lakh for cardholder and Rs.4 lakh for spouse
  1. Accidental death (non-air): Rs.4 lakh for cardholder and Rs.2 lakh for spouse
  1. Reward points redemption via cashback or purchase of goods through www.canararewardz.com. 
  1. EMI facility is available via Canara ai1 app. 

Note: 

  1. Seasonal promotional offers are available on Canara Cards. 
  1. All charges are exclusive of GST (18% GST applicable additionally). 

Benefits of Canara Bank Visa Signature Credit Card

The Canara Bank Visa Signature Credit Card offers a host of benefits to the cardholders which are mentioned below: 

  1. Up to 50 days of interest-free credit on purchases. 
  1. Easy EMI conversion available via the Canara ai1 mobile app. 
  1. Accepted at both domestic and international locations. 
  1. Use for online shopping and enjoy exclusive discounts 
  1. Earn reward points on every PoS and e-commerce transaction 
  1. Zero annual, joining, and enrollment fees 
  1. Shop securely at merchant outlets using PoS terminals 
  1. Access ATM cash withdrawals and non-financial services with ease.

Complimentary airport lounge access: 

  1. Domestic lounge: 3 visits per quarter 
  1. International lounge: 1 visit per quarter

Eligibility Criteria for Canara Bank Visa Signature Credit Card

The eligibility criteria that must be fulfilled to apply for Canara Bank Visa Signature Credit Card are mentioned below: 

  1. Gross income per annum for individuals should be a minimum of Rs.10 lakh. 

For staff members: 

  1. Minimum annual gross income: Rs.60,000 
  1. Minimum take home salary per month: Rs.4000

Fees and Charges of Canara Bank Visa Signature Credit Card

The fees and charges applicable on Canara Bank Visa Signature Credit Card are given in the table below: 

Fees and charges 

Amount 

Enrolment fee 

Nil 

Annual fee 

Nil 

Inactivity fee (If the turnover of the card in the card year is less than Rs.2 lakh) 

Rs.1000 

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. 

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. Changes in fees and charges are 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 Visa Signature Credit Card

  • Where is the Visa Signature Credit Card accepted?

    It is accepted by millions of merchants worldwide that accept Visa cards, including both retail outlets and online platforms. 

  • What are the key benefits of Canara Bank Visa Signature credit card?

    The benefits of Canara Bank Visa Signature credit card include global acceptance, reward points on every purchase, concierge services, travel and dining privileges, and enhanced security features. 

  • Does the Canara Bank Visa Signature credit card offer any rewards or cashback?

    Yes, cardholders earn reward points on eligible purchases made using Canara Bank Visa Signature credit card which can be redeemed for gifts, vouchers, or statement credits, depending on the rewards program. 

  • Does the Canara Bank Visa Signature credit card provide travel benefits?

    Yes, the Canara Bank Visa Signature credit card provides various travel benefits, such as complimentary access to airport lounges, travel insurance coverage, and discounts on travel bookings. 

  • What is the annual fee for the Canara Bank Visa Signature Credit Card?

    The Canara Bank Visa Signature credit card does not charge any annual fees from the cardholders. 

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