Canara Bank RuPay Select Credit Card

With this Canara Bank Credit Card, you can earn multiple benefits like rewards, lounge access, insurance coverage, add-on card facility and much more. Here are some of the major Canara Bank RuPay Select Credit Card features and benefits:

Reward Points: 2 reward points for every Rs. 100 spent via this card. You can redeem the reward points at a value of 1 Reward Point = Re. 0.25.

Lounge Access: Complimentary lounge access across the country with this card.

Credit Period: Interest-free credit period between 20 to 50 days.

Revolving Facility: Pay a minimum of 5% of your bill or Rs. 100 and roll over the balance in coming month with an interest rate of 2.5% per month on the outstanding balance.

Cash Withdrawal Facility: Cash withdrawal limit of 50% of the credit limit, subject to a maximum of Rs. 50,000.

Add-on Cards: Up to 4 add-on cards without any joining and annual fees.

Insurance Coverage: Rs. 10 lakh insurance cover for death due to personal accident and permanent disability.

To know more about this credit card, click here.

Suggested read: Best Rewards Credit Cards | Best Travel Credit Cards

The applicable Canara Bank RuPay Select Credit Card fees and charges are mentioned in the table below:

Click here to read about fees and charges in detail.

You must fulfill the below-mentioned eligibility criteria to apply for Canara Bank RuPay Select Credit Card:

• Your age must be at least 18 years to avail this credit card
• You should be either salaried or self-employed to apply for this credit card

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Canara Bank RuPay Select Credit Card is an entry-level credit card that basically offers reward points on your transactions. You can earn 2 reward points every time you spend Rs. 100 via this credit card. However, the reward rate of 0.5% with a redemption value of 1 Reward Point = Re. 0.25 is quite low, as other similar cards offer better redemption value.

However, being a lifetime free credit card, the benefits offered by Canara Bank RuPay Select Credit Card are satisfactory. You can also earn complimentary lounge access every quarter which is rarely offered on lifetime free credit cards. Overall, this is a decent option if you are looking for a credit card that offers basic benefits on your transactions. Also, its relaxed eligibility criteria make it suitable for people who are planning to start their credit journey.

Suggested read: Best Lifetime Free Credit Cards | Best Super-Premium Credit Cards

If you are looking for similar options, you can consider the credit cards mentioned in the table below:

Q. How can I apply for Canara Bank RuPay Select Credit Card?

A. You can apply for this credit card by visiting any of the nearest branches of the bank. All you need to do is contact an executive and submit the duly filled application form to apply for this credit card. You also need to submit the relevant documents like income proof and address proof along with the application form. The bank will then verify your details and process your request.

Q. Can I earn reward points on every transaction via Canara Bank RuPay Select Credit Card?

A. The bank allows you to earn 2 reward points for every Rs. 100 spent. However, you cannot earn reward points on cash withdrawals, disputed transactions, cancelled transactions, balance transfer transactions, foreign currency purchases, charges like interest, card fee, etc.

Q. What is the validity of reward points earned via Canara Bank RuPay Select Credit Card?

A. The reward points offered on Canara Bank RuPay Select Credit Card come with a validity period of 3 years from the date of accrual. This means, the reward points earned on 1 July 2021, will be valid till 1 July 2024. After this date, your reward points will become null and void and you won’t be able to redeem them. You can redeem the reward points at a value of 1 Reward Point equivalent to Re. 0.25.

Q. What is the credit limit offered on Canara Bank RuPay Select Credit Card?

A. The credit limit offered on Canara Bank Select Credit Card varies from Rs. 1 lakh to Rs. 50 lakh, depending on your eligibility. The bank decides your credit limit based on the factors like income, debt, payment history and much more. Therefore, the credit limit varies from cardholder to cardholder and you will get to know about it after the bank approves your application.

Q. Can I convert Canara Bank RuPay Select Credit Card purchases into EMIs?

A. Yes, you can convert your big-ticket purchases into easy EMIs. To avail this facility at the time of purchase, you can look if the merchant offers the Canara Bank Credit Card EMI option or not. Also, if you want to avail this facility after making your transaction, you can contact the customer care of the bank and ask the representative to convert the required purchase into EMIs.

Q. Can I make international transactions with my Canara Bank RuPay Select Credit Card?

A. Yes, you can make international transactions with any of the Canara Bank credit cards. However, the bank charges a forex markup fee of 3% of the transacted amount. Therefore, this is not a suitable option for international transactions as it comes with a high forex markup fee. You look for top credit cards for international use by clicking here.

Q. Does the bank charge an EMI processing fee for Canara Bank RuPay Select Credit Card purchases?

A. Yes, the bank charges an EMI processing fee of 2% of the transacted amount for converting your big-ticket purchases into easy EMIs. However, this fee applies to a minimum of Rs. 100 and a maximum of Rs. 200. You can choose between EMI period of 3,6,9,12,18 and 24 months as per your convenience.

Q. Does Canara Bank RuPay Select Credit Card offer fuel benefits?

A. Yes, you can avail a fuel surcharge waiver of 1% on your transactions between Rs. 400 to Rs. 2,500. You can avail a maximum waiver of Rs. 100 in a statement cycle. This is applicable on your fuel transactions across all the petrol pumps in India.