Canara Bank Credit Card

Canara bank credit cards are highly in demand due to their global acceptance. Available in Visa, Master Card and Corporate credit card options, there are several variants under each category. Red on all about the features, benefits, and rewards offered by the Federal Bank Credit Cards to pick the one that suits your lifestyle needs best.

On Canara Bank website

Canara Bank Credit Cards
Features and Benefits
Detailed Features
Rewards
Fees & Charges
Charges Details
How to Apply
Eligibility Criteria
Documents Required
Bill Payment
Customer Care Number

Canara Bank Credit Cards

Canara Bank started as the 'Canara Bank Hindu Permanent Fund? in the year 1906. This Fund became a Limited Company in the year 1910 and was named Canara Bank Limited. Subsequent to nationalisation in the year 1969, Canara Bank Limited became Canara Bank. Backed by strong founding principles, great leadership and adaptability to the changing scenario in the banking industry, Canara Bank has today become a well-known bank of global standards!

The customer-first approach of Canara Bank has been the prime reason for its constant popularity amongst the public. The journey of Canara Bank since 1906 has a plenty of milestones to its credit. The bank has a robust network of 6310 branches and 8851 ATMs in India and across the globe.

Candi- an Omni Channel App of the Canara Bank or say, its Digital branch, was opened in Bangalore, Chennai, and Mumbai. At Candi which is fully automatic, the customers can independently open their accounts and do their transactions with the assistance of a robot. There are hi-tech e-lounges at select centres.

Canara Bank offers a wide range of Corporate and Retail Services; and Credit Cards are the ones among them. Canara Bank Credit Cards are popular on account of wide acceptance all over the world. The array of benefits and features makes Canara Credit Cards widely popular financial product.

Canara Bank Credit Card are available in 3 categories:

Visa Credit Cards
Master Credit Cards
Corporate Credit Cards.

There are different types of Credit Cards under each category. They are:

Under Visa Card

Visa Classic
Visa Gold

Under Master Credit Cards

Standard
Gold
World

There are no variants under Corporate Credit Cards.

Features and Benefits of Canara Bank Credit Cards

The following are the features and benefits of Canara Bank Credit Cards.

The cards are issued for both domestic and global usage. Global Cards are issued only on specific request. The card is set for domestic usage only by default.
The credit limit for the card is set at 30% of the gross income of the applicant.
Cash withdrawal facility is available up to 50% of your credit limit with a maximum of 50,000. A cash withdrawal charge of 30 per thousand with a minimum of 30 will be collected. The cash withdrawal is interest-free if paid within the due date. Otherwise, interest will be charged from the due date.
The interest-free period is between 20 to 50 days.
Free cover for death due to an accident for both the cardholder and the spouse.
Liability on the lost card will be restricted to only 1000 from the time of reporting the loss.
Revolving payment facility.
Free card replacement for lost/ damaged cards.
Real-time updates of transactions on your card through free SMS on your registered mobile number.
Innumerable reward points for purchases made on the card.
Multiple options for payment of Credit Card dues.
Waiver of fuel surcharge up to 100 a month at all petrol pumps for transaction between 400 to 2500.

Detailed features of Canara Bank Credit Cards

The salient features of Canara Bank Credit Cards are summarised below:

Name of the card	Features
Canara Visa Classic Credit Card	The minimum annual income criterion to qualify for this card is 1 lakh. The minimum credit limit set for this card is 10,000. The credit limit is linked to the income of the applicant. The credit limit will be normally equivalent to 30% of the gross income. The limit can be periodically increased when there is a rise in income. An option for revolving facility is available. For revolving facility, the minimum amount due will be 5% of the outstanding bill amount. Cash advance up to 50% of the credit limit will be provided. Cash can be withdrawn at all Canara Bank ATMs. The fee charged for cash withdrawal is 30 per 1000 with a minimum of 30. The maximum cash withdrawal allowed is 50,000 Free insurance cover for lost card liability. Cover for baggage loss while travelling and for death due to an accident is provided. Insurance cover up to 4 lakh for death due to air crash for the cardholder and up to 2 lakhs for the spouse. Insurance cover up to 2 lakhs for the cardholder and up to 1 lakh for the spouse for death due to any reason, other than an accident. The card billing date is 20th of every month. The payment due date is 10th of every month.
Canara Visa Gold Credit Card	This card is Pin enabled and has an EMV chip embedded which enhances the security feature. The minimum annual income criterion to qualify for this card is 2 lakhs. 250 will be collected as a one-time charge for issuing the card. The credit limit will be fixed at 50% of the annual income. Free credit period from 20 to 50 days. Insurance cover up to 8 lakhs for the cardholder and 4 lakhs for the death of spouse due to an air crash. Death cover up to 4 lakhs for the cardholder and 2 lakh for the spouse for death caused due to any other reason other than the an accident. Free insurance cover for baggage loss while travelling, lost card liability, and for death due to accident. Minimum amount to be paid is 5% of the bill amount when the revolving facility is opted for. The bill payment date is 10th of the month subsequent to the billing date which is the 20th of every month.
Canara Mastercard Standard Credit Card	The minimum credit limit set for this card is 10,000. The maximum credit limit will be equivalent to 30% of the annual income or 3 lakhs, whichever is higher. 1 lakh is the minimum annual income required to qualify for this card. 50% of the credit limit can be drawn as a cash advance. Cash can be withdrawn at any Canara Bank ATM. Free insurance cover against lost baggage while travelling, lost liability for lost/ stolen card and personal accident cover on death due to an accident. The insurance cover available for death in an air crash for the cardholder is 4 lakhs and 2 lakhs for the spouse. The billing date for the card is the last calendar date of the month and the payment date is the 20th of the subsequent month.
Canara Mastercard Gold Credit Card	250 is collected as a one-time charge for issuing the card. The security feature is enhanced with the embedded EMV Chip and by making the card pin enabled. The minimum annual income required to qualify for the card is 2 lakhs. The credit limit fixed will be proportionate to 50% of the annual income of the applicant. A cash advance to the extent of 50% of the credit limit will be provided. Cash can be withdrawn at any Canara Bank ATM. Complimentary insurance cover for baggage loss, lost liability and personal accident on death due to accident. Insurance cover of 8 lakhs for the primary cardholder and 4 lakhs for the spouse for death in an air crash. Insurance cover of 4 lakhs for the cardholder and 2 lakhs for the spouse is available for death due to any other reason other than an accident. The last calendar date is the billing date and the payment due date is the 20th of the subsequent month.
Canara Mastercard Global Credit Card	Option for Add-On card is available on the request of the existing Canara bank Credit Card holder. The minimum annual income required to be eligible for the card is 2 lakhs. The credit limit fixed will be equivalent to 50% of the annual income of the applicant. Complimentary cover for baggage loss, lost card liability and personal accident on death due to an accident is available. Insurance cover up to 8 lakhs for the card holder and 4 lakhs for the spouse is available on death due to air crash. For death due to any reason, other than an accident the insurance cover available is 4 lakhs for the cardholder and 2.00 lakhs for the spouse.
Canara Corporate Credit Card	This card is issued to non-individuals like partnership firms, public sector undertakings, Chartered Accountant Firms and Public or Private Companies. Different cards are issued for domestic and international usage. Corporates of S1 and S2 status who are enjoying credit limits with the Bank will be eligible for the card. Companies who do not deal with Canara Bank but have a proven track record will be issued cards at the discretion of the Bank. Private Limited Companies have to submit a Board Resolution in the format provided by the Bank along with the application for the Credit Card. Also, Memorandum of Association and Articles of Association of the Company are required to be submitted. The minimum credit limit for the card will be 50,000 and the maximum limit will be 1 Crore. The main limit fixed for the Company will be distributed among the employees as per the hierarchy. The bill will be created in the name of the Company with details of transactions on the cards issued to the employees of the Company.

Canara Bank Credit Card Rewards

You can earn 2 reward Points for every 100 spent on the card for all purchases. 1 reward point is equal to 0.25. There will be no reward points on fuel purchase and payment of utility bills.

You may click on ?Max get more? to get more reward points from select merchants.

You can check the Reward Point balance and redeem reward points as cashback or for a wide range of products on Canara Rewards web portal www.canararewardz.com.

Cardholders have to activate reward point account through registration at the Canara rewards web portal. Minimum accrual of reward points for redemption is 100. To redeem as cashback minimum accrual of 1000 reward points is required.

Canara Bank Credit Cards: Fees & Charges

The following are the Canara Bank Credit Card Fee Details.

Name of the card	Joining Fee	Annual Fee
Visa Classic Card	Nil	Nil
Visa Gold Credit Card	Nil	Nil
Mastercard Standard Credit Card	Nil	Nil
Mastercard Gold Credit Card	Nil	Nil
Mastercard World Credit Card	Nil	Nil
Corporate Credit Card	Nil	400

Canara Bank Credit Card Charges Details

The following are the details of Canara Bank Credit Card Charges

Name of the charge	Amount
Cash withdrawal charges at ATMs	3% of the transaction amount with a minimum of 30 for every 1000 and part thereof.
Charges for charge slip copy	100 for domestic transactions US$10 of equivalent for international transactions
Collection charges for outstation cheques	100 per instrument plus other bank charges
Notices sent to defaulting cardholders	50/ per notice
Delayed payment beyond the due date	Where the revolving facility is available 2% p.m. of the outstanding amount with a minimum of 10 and a maximum of 150 For card without revolving facility 2% p.m. of the outstanding amount with a minimum of 20 and a maximum of 300
Cheque dishonour or dishonour of payment instruction	50
Foreign currency mark-up fee	3%
For the unpaid portion on the card where the revolving facility exists	2.5% p.m. of the carried over balance from the due date.
Card inactivity fee	Nil for Corporate Credit Card For Visa Classic Card/Mastercard Standard: 400 if the card turnover during the year is less than 12000 For Mastercard World: 1000 if the card turnover per year is less than 50000 For Gold Card: 750 if the turnover of the card in a year is less than 25000

How to Apply for Canara Bank Credit Card

You can apply online as well as offline by visiting the bank's branch. Sharing below steps for applying for Canara bank credit card online through MyMoneyMantra.

Visit home page of MyMoneyMantra.com
Choose credit card from main menu and share your details and requirements.
An OTP protected online access is generated for you.
Now login with OTP received on your mobile phone.
You will get a list of available cards according to your needs.
Select the card you want to apply for and click to submit.
A MyMoneyMantra representative will also call you to assist in the process.
From documentation till the approval of the card, the card expert will help you.
The card and the pin will be dispatched to your registered address after a few days of approval.

Steps to Apply for the Card offline

To apply for the card offline, you will have to visit any of the nearest Canara Bank branches and apply for the Credit Card by submitting the relevant documents.

Eligibility Criteria for Canara Bank Credit Card

The applicant should be in the age group of 21 to 65 years.
The minimum income of the applicant should be between 1 Lakh to 2 Lakh per annum depending on the card.
The credit history of the applicant should be satisfactory. Minimum score required is 750.
The applicant should be a resident of India.

Documents Required for Canara Bank Credit Card

The following documents are required to apply for a Canara Bank Credit Card.

Address Proof: A copy of any of the following:

Voter's ID card
Aadhar Card
Passport
Driving Licence
Utility bills

Photo ID Proof: A copy of any of the following:

Aadhar Card
Pan Card
Voter?s ID Card
Driving Licence.

Income Proof: Salaried individuals have to produce:

3 latest salary slips

form 16

Non-individuals like Proprietorship Firms, Partnership Firms, Private Limited Companies have to provide audited financial statements like Balance Sheet, Profit and Loss Account along with the KYC documents of the promoters.

Additional documents: Partnership firms have to submit partnership deed and Private Limited Companies have to submit Memorandum of Association, Articles of Association and Board Resolution in the format provided by the Bank along with the other required documents.
Photographs: Two coloured passport size photographs of the applicant have to be produced.

Making the payment of Canara Bank Credit Card Dues

The payment of Canara Bank Credit Card Dues can be made in either of the following ways:

Auto-Debit: If you have a Savings Bank/ Current Account at Canara Bank you can give auto-debit instructions for the Credit Card payment.
NEFT: If payment is made from any other bank account then NEFT is the way to opt for repayment. The 16-digit Credit Card number has to be provided in the place of the beneficiary Account Number. The IFSC code that has to be mentioned is CNRB0001912.
Cheque/ Demand Draft: The payment can be made by way of a Cheque or Demand Draft. The payee?s name should be the 16-digit Credit Card number. A demand draft will be issued free of cost for payment of Credit Card dues.
Cash: The Credit Card dues can also be made by way of cash at any of the Canara Bank branches.
Internet banking: If you have an account at Canara Bank and have an internet banking facility, then the Credit Card payment can be made through net banking also.

Canara Bank Credit Card Customer Care Number

If you have any queries regarding Canara Bank Credit Card you can contact the Customer Care helpline at the following numbers

1800-425-0018
080-25588748
080-25593309
080-25582470
080-25580589
For hot listing of Mastercard Category card, type CAN HOTLISTCC XXCard NumberXX (16-digit card number) Date of Birth and send it to 9266623333 from your registered mobile number.
For hot listing Visa Credit Cards, type BLOCK CAN XXCard NumberXX (the last four digits) and send it to 575758.

Canara Bank Credit Card FAQs

Mention the places where the Canara Bank Card can be used?

Canara Bank Credit Card can be used at Canara Bank ATMs for emergency cash withdrawal.
The card can be used for purchases at Merchant Establishments.
The card can be used for online shopping.

What are the dates for Canara Bank Credit Card bill generation?

The billing date for Visa Classic/ Visa Gold card is the 20th of every month which has to be paid within the 10th of the subsequent month.

The billing date for MasterCard Standard, MasterCard Gold, and Corporate Credit Card is the last calendar date of the month and has to be paid within the 20th of the subsequent month.

How can the reward points be redeemed?

You earn 2 reward points for every 100 spent on the card for all purchases and the value of each reward point is 0.25. There is an exclusive website available for the redemption of reward points. Under Maxgetmore? you can earn more reward points. The cardholders have to visit the website www.canararewardz.com which is meant for redemption of reward points for registration and get the login ID. You can redeem the reward points for various products in the gift catalogue or can use the points for mobile or DTH recharge.

What are the security features of Canara Bank Credit Cards?

The cardholder has to be present while making the payment settlement to sign the charge slip as a part of authorisation. The cardholder has to give a second level password which is very confidential in the case of transactions through IVRS. Real-time update of every transaction is given vide SMS to the registered mobile number of the cardholder

How does the Bank give information about the Credit Card dues?

A detailed statement of the transactions on the card is sent to the registered address before the due date. There is a facility to get e-statement on the registered Email address. You can also install the Canara Saathi Mobile App and get information on both the billed and the unbilled transactions.

Is there any cap on the number of transactions on the Credit Card?

Depending upon the risk perception and incidents of fraud, the Bank has put a cap on the number and value of certain transactions. This restriction is put in the interests of the cardholder.

Define Skimming and the ways to address frauds in case of skimming?

Skimming is nothing but the creation of a duplicate card by stealing the information embedded in the card. It is very necessary to register your mobile number while applying for the card so that you will get the real-time updates of the transactions made on your card. In case of any doubtful transaction, the card can be blocked immediately to avoid further fraudulent transactions.