Canara Bank Visa Classic / MasterCard Standard Credit Card

The two cards provide the same features which are mentioned below:

• There is no joining fee for these cards
• The outstanding balance on the card can be paid off on a monthly basis through EMIs. However, a minimum of 5% of the total billed amount or Rs. 100 must be paid
• The cash advance limit on this card is 50% of the total credit limit or Rs. 50,000.
• The cardholder gets complimentary insurance coverage with this card.
  • 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

The fees and charges associated with Canara Bank Visa Classic / MasterCard Standard Credit Card are:

Category	Value
Joining Fee	Nil
Cash Withdrawal Fee	3% of the amount / Min. Rs. 30 per Rs. 1,000
Card Inactivity Fee	Rs. 400. If spends are below Rs. 12,000
Card Inactivity Fee for Add-on Card	Rs. 300. If spends are below Rs. 12,000
Finance Charges	2.5% p.m. / 30% p.a.
Minimum Payment	5% of the billed amount. Min. Rs. 100
Foreign Transaction Fee	Up to 3%
Duplicate Statement Charge	Rs. 10
Cheque Dishonour Fee	Rs. 50
Reminder Fee on Overdue Amount	Rs. 50 per notice
Delayed Payment Fee	For Revolving Credit- 2%; Min. Rs. 10/Max. Rs. 150 For Non-Revolving Credit- 2%; Min. Rs. 20/Max. Rs. 300

The eligibility criteria for Canara Bank Visa Classic / MasterCard Standard Credit Card are:

• Applicant must have maintained a satisfactory dealing with the bank
• His/her annual income must be at least Rs. 1.00 lakh
• Applicant must be eligible for a minimum credit of Rs. 10,000

Applicants who want to apply for Canara Bank Visa Classic / MasterCard Standard Credit Card can visit the nearest bank branch. Once there, the customer can contact the bank official who will guide them through the process.

Who can apply for Canara Bank Visa Classic / MasterCard Standard Credit Card?

An Indian resident who has a prior relationship with the bank can apply. Moreover, the applicant’s annual income must be above Rs. 1.00 lakh.

What is the credit limit that can be availed on these cards?

The credit limit that can be availed on these cards is dependent on the income of the applicant. Generally, applicants can get a credit limit of up to 30% of annual income. However, the maximum credit limit that may be availed is Rs. 3 lakh.

What is the hot listing charge on these credit cards?

The hot listing charge on a card is Rs. 300 per card.