Canara Bank Credit Card Against FD

Some of the main features and benefits of Canara Bank Credit Cards against FD are mentioned below:

Canara Bank RuPay Select Credit Card

Canara Bank RuPay Select is a lifetime free credit card that rewards your everyday spends. Cardholders earn reward points on purchases and 2 complimentary domestic and international airport lounge access, offering benefits across everyday and travel categories. 

Joining Fee: Nil
Annual Fee: Nil

Key Features and Benefits:

• 2 reward points on every Rs. 100 spent
• Redeem the accumulated reward point at a value of Rs. 0.25
• 2 domestic airport lounge visits per quarter
• 2 international airport lounge visits per quarter 
• Complimentary insurance benefits
• 24X7 concierge services

Canara Bank RuPay Platinum Credit Card

Canara Bank RuPay Platinum is an entry-level credit card designed for day-to-day usage. It offers reward points on spends and other features like a low forex markup fee and complimentary lounge access, making it a suitable option for frequent travellers.

Joining Fee: Nil
Annual Fee: Nil

Key Features and Benefits:

• 2 points on every Rs. 100 spent on POS/ E-commerce
• Low forex markup fee of 3%
• 2 domestic airport lounge visits per quarter
• Up to 50 days of interest-free credit period
• Up to Rs. 25,000 as baggage insurance

Canara Bank Visa Gold Credit Card

Canara Bank Visa Gold Credit Card is a lifetime free card designed for convenient everyday payments. It offers reward points on purchases along with features like a low forex markup and travel insurance, making it a practical option for travellers seeking rewards on everyday spends.

Joining Fee: Nil
Annual Fee: Nil

Key Features and Benefits:

• 2 points on every Rs. 100 spent on POS/ E-commerce
• Low forex markup fee of 3%
• Up to 50 days of interest-free credit period
• Up to Rs. 25,000 as baggage insurance
• Purchase protection cover of up to Rs. 25,000

Canara Bank Visa Platinum Credit Card

Canara Bank Visa Platinum Credit Card is designed to offer rewards on day-to-day spends. The card offers 2 reward points on every Rs. 100 spent, along with basic travel benefits such as a low forex markup fee of 3% and complimentary lounge visits.  It is a suitable option for new-to-credit consumers seeking a basic credit card with no joining or annual fee. 

Joining Fee: Nil
Annual Fee: Nil

Key Features and Benefits:

• 2 points on every Rs. 100 spent on POS/ E-commerce
• Low forex markup fee of 3%
• 2 domestic airport lounge visits per quarter
• Up to 50 days of interest-free credit period
• Up to Rs. 25,000 as baggage insurance
• Purchase protection cover of up to Rs. 25,000

Some of the common steps to apply for Canara Bank Credit Card against FD are mentioned below:

Step 1: Open a Fixed Deposit (FD) with Canara Bank. Your credit card limit will depend on the FD amount.

Step 2: Apply for the secured Canara Bank Credit Card online or at your nearest branch.

Step 3: Complete the application with your personal details.

Step 4: Submit KYC documents like ID and address proof.

Step 5: Once verified, Canara Bank will approve your credit card against FD and issue it.

What are the fees and charges for Canara Bank Credit Cards?
Cards like RuPay Select, RuPay Platinum, Visa Gold, and Visa Platinum have no joining fee and no annual fee, making them cost-effective for earning reward points, availing airport lounge access, and insurance benefits.

What rewards and benefits are offered by Canara Bank?
The benefits vary from card to card, for example: RuPay Select gives 2 points per Rs. 100 spent, redeemable at Rs. 0.25, with 2 domestic and 2 international lounge visits. RuPay Platinum and Visa cards offer low forex fees and baggage insurance up to Rs. 25,000.

How to apply for a Canara Bank Credit Card against FD?
Open a fixed deposit, apply online or at a branch, and submit KYC documents including ID, address proof, and FD details. Once verified, the Canara Bank Credit Card against FD will be approved and issued.

Can I get a higher credit limit on my Canara Bank credit card against FD?
Yes. The credit limit on a Canara Bank credit card against FD is generally 80–90% of the fixed deposit amount. To increase the limit, you can either increase your FD balance or link additional FDs to your card, subject to bank approval.