Canara Bank Credit Card

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Build your credit score with the help of Canara Bank's credit card that offer low interest rates and other benefits. Discover the range now.

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Updated: 30-03-2020 13:14:00 PM

Canara Bank offers credit cards to cater to the shopping needs of the customers. Using Canara Bank Credit Cards, you can make big-ticket purchases and pay for them in easy instalments. The bank also offers complimentary insurance cover along with the cards. Here we will talk about the features and benefits of Canara Bank Credit Cards along with their charges, eligibility and documents required.

Types of Canara Bank Credit Card

Canara bank two credit cards for individual users and one for corporates. Given below are the key highlights:

Credit CardsJoining FeeTop Feature
Canara Bank Visa Classic/ MasterCard Standard Credit CardNilInsurance coverage up to Rs. 4 Lakh for self and spouse
Canara Global Gold Credit CardNilInsurance coverage up to Rs. 8 Lakh for self and spouse
Canara Corporate Card–Credit limit can be as high as Rs. 100 Lakh
Read More on This Page
Canara Bank Credit Card- Features and Benefits
Canara Bank Credit Card- Fees and Charges
Canara Bank Credit Card Eligibility and Documentation
How to Apply for Canara Bank Credit Card
Canara Bank Credit Card – Customer Care
Canara Bank Credit Card – FAQs

Canara Bank Credit Card- Features and Benefits

The features and benefits of Canara Bank credit cards are given below:

Canara Bank Visa Classic/MasterCard Standard Credit Card

Canara Bank Visa Classic Credit Card and the MasterCard Standard Credit Card share the same features as given below:

EMI Facility – Pay off outstanding balance on a monthly basis via EMIs. Do note that the minimum amount due will have to be paid.

Cash Advance Limit – Get up to 50% of the total credit limit as cash limit and withdraw up to Rs. 50,000 in a day.

Insurance coverage – Get following insurance coverage:

  • Air accident insurance coverage: Self Rs. 4.00 lakh; Spouse Rs. 2.00 lakh
  • Accidental death coverage: Self Rs. 2.00 lakh; Spouse Rs. 1.00 lakh

Free Credit Period – Get up to 50 days of interest free credit period.

Billing Date – The billing date and due dates are:

  • Canara Card VISA Classic – Billing Date will be 20th of every month while Due date for payment will be 10th of the upcoming month
  • Canara Card MasterCard Standard – Billing Date will be the last date of the month while Due date for payment will be 20th of the next month

Canara Bank Global Gold Credit Card

Canara Global Gold credit card is a premium credit card that offers higher insurance coverage among other benefits. The details of the credit card are given below.

EMI Facility – Outstanding balance can be paid off on a monthly basis via EMIs.

Cash Advance Limit – Withdraw up to 50% of the total credit limit. Maximum limit of cash withdrawal is at Rs. 50,000.

Insurance coverage – Following insurance coverage is provided:

  • Air accident insurance coverage: Self Rs. 8.00 lakh; Spouse Rs. 4.00 lakh
  • Accidental death coverage: Self Rs. 4.00 lakh; Spouse Rs. 2.00 lakh

Free Credit Period – Get up to 50 days of interest free credit period.

Statement Cycle Dates – The billing date and due dates are:

  • VISA Gold Cards – Billing Date will be 20th of every month while Due date for payment will be 10th of the upcoming month
  • MasterCard Gold Cards – Billing Date will be the last date of the month while Due date for payment will be 20th of the next month

Canara Bank Corporate Credit Card

The card is designed for businesses. The credit limit on the credit card can go up to Rs. 100 Lakh which will ensure that the firm’s business runs smoothly. Do note that this card is given only to non-individuals; like, partnership firms, solicitors, etc. Other details are:

Worldwide Acceptance – The credit card can be used worldwide wherever VISA cards are accepted.

Interest Free Period – Get up to 50 days of interest free period.

Cash Withdrawal – The cash withdrawal limit is Rs. 5 Lakh. Customers can withdraw cash up to 50% of the credit limit.

Canara Bank Credit Card- Fees and Charges

Common charges applicable to all Canara Bank credit cards are shown in the table below:

CategoryValue
Joining FeeNil
Cash Withdrawal Fee3% of the amount / Min. Rs. 30 per Rs. 1,000 or part thereof
Enrolment FeeCanara Card Visa Corporate – Rs. 250 (Main Card); Rs. 400 (Add-on card)
Card Inactivity FeeCanara Card Visa Classic/MasterCard Standard (Primary Card) – Rs. 400; Add-on card Rs. 300, if spends are below Rs. 12,000
Canara Card Gold (Main & Add on) – Rs. 750, if spends are below Rs. 25,000
Finance Charges2.5% p.m. / 30% p.a.
Minimum Payment5% of the billed amount. Min. Rs. 100
Foreign Transaction FeeUp to 3%
Duplicate Statement ChargeRs. 10 per page
Cheque Dishonour FeeRs. 50
Reminder Fee on Overdue AmountRs. 50 per notice
Delayed Payment FeeFor Revolving Credit- 2%; Min. Rs. 10/Max. Rs. 150
For Non-Revolving Credit- 2%; Min. Rs. 20/Max. Rs. 300

Canara Bank Credit Card Eligibility and Documentation

Eligibility Criteria

Canara Bank credit cards are offered to individuals who meet the eligibility criteria set by the bank. These include your credit score, age, monthly income, location, etc.

The bank mandated eligibility criteria are:

Credit CardCriteria
Canara Visa Classic / Mastercard Standard Global CardMininum Annual Income – Rs. 1 Lakh
Prior Satisfactory relationship with the bank
Canara Global Gold Credit CardMinimum Annual Income – Rs. 2 Lakh
Prior Satisfactory relationship with the bank
Canara Corporate Credit CardCorporations with credit limit must have S1 and S2 status with the bank
Corporations without  credit limit must have 12 months of satisfactory dealings

Documents Required for Canara Bank Credit Card Application

Certain documents are also required in order to process Canara Bank credit card application. These are given in the table below.

Proof of IdentityPAN Card, Aadhaar card, Driver’s License, Passport, Voter’s ID, Overseas Citizen of India Card, Person of Indian Origin Card, Job card issued by NREGA, Letters issued by the UIDAI
Proof of AddressAadhaar card, Driver’s License, Passport, Utility Bill not more than 3 month’s old, Ration Card, Property Registration Document, Person of Indian Origin Card, Job card issued by NREGA, Bank Account Statement
Proof of IncomeLatest one or 2 salary slip (not more than 3 months old), Latest Form 16, Last 3 months’ bank statement

Documents Required for Canara Bank Corporate Credit Card

  • Board Resolution papers as per the Performa furnished by the Bank or credit card division
  • Partnership deed in case of firms or Memorandum of Association and Articles of Association for companies
  • Financial statements of the company for the last 3 years
  • Any relevant constitution papers or financial papers

How to Apply for Canara Bank Credit Card

You can apply for Canara Bank credit cards by visiting the nearest Canara Bank branch. At the bank, contact an official who will guide you through the process. Submit the required documents along with the photographs to process the application. The bank will then review the documents and upon successful verification dispatch the credit card.

Canara Bank Credit Card – Customer Care

In case of any issues customers can get in touch with Canara Bank credit card customer care cell. The toll-free number is

1800-425-0018

Additional details can be found here.

Canara Bank Credit Card – FAQs

How can I know my Canara Bank credit card balance?
You can call on the customer care helpline number to know your credit card balance. The number is 1800-425-0018. If you want to know the complete statement, follow the steps given here.

What is the minimum salary to apply for Canara Bank credit card?
The minimum salary must be Rs. 1 Lakh per annum.

Does the bank offer loans on credit cards?
No, the bank does not provide loans against credit cards.

Can I convert my outstanding bills into EMIs?
Yes, you can convert your outstanding balance into EMIs as long as they pay the minimum amount due.

Can I apply for Canara Bank Credit Card online?
No. Canara Bank does not provide online application facility. You must visit the nearest branch to apply.

What is the validity period of Canara Bank credit cards?
The validity period of the credit cards is 3 years. This is a security measure and ensures that all the credit cards are updated with the latest security protocols.

Can I request for a credit limit enhancement?
You may try to get your credit limit increased. Do note that the decision is at the bank’s sole discretion. Contact the customer care cell to get request for credit card limit increase.

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Canara Bank Credit Card
(4.7/5 ) 571 Reviews
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Jun 22 , 2019
5/5
Thank you

Thank you Paisabazaar for helping me when I was unsure about my current credit card.

Jun 22 , 2019
5/5
Canara bank is undefeatable

Been a credit card user with 2 other banks in the past but the usability of the Canara bank is undefeatable.

Jun 22 , 2019
5/5
Purchased an iPhone

Purchased an iPhone using my Canara bank credit card.

Jun 22 , 2019
5/5
Paisabazaar team is the best

The Paisabazaar team is the best. Thank you for helping me out.

Jun 22 , 2019
5/5
Benefits and discounts

The Canara bank credit card has been a huge savior for me. Amazing range of benefits and discounts.

Jun 22 , 2019
5/5
Beneficial

Paisabazaar has several schemes where they club two offers. I find them to be really beneficial.

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