We’re always looking for better financial tools in the credit card market and Canara Bank just might be able to help. With their wide range of credit cards, there is a chance they’ve got one for your lifestyle. And of course, before you decide upon a card you’ve got to figure out what that lifestyle is, so get a pen and paper and start making your personal list of credit card needs.
Canara Bank is recognized as one of the leading state-owned and backed banks in India. As one of the oldest public-serving banks in the country, it lives up to its reputation by giving individuals access to a wide range of credit card offerings with reward points and purchase protection. Their cards also give users security against fraudulent transactions and unauthorized purchases.
Once you’ve listed down all of the things you want from a credit card, you can get into the details below. Our editors have come up with information about Canara Bank credit cards that you need to know. You can evaluate your needs list against what they have to offer to decide if one of their cards is right for you.
What Are The Features Of A Canara Bank Credit Card?
Canara Bank credit cards offer a suite of advantages and privileges, starting from obtaining a wealth of reward points with every spending. Each transaction valued at Rs. 100 will instantly garner two points. Points may be redeemed for a variety of activities, may it be travel-related products such as airline miles or through everyday spends such as appliances and even movie tickets.
This is available across their whole line of credit cards, even the most basic and entry-level ones such as the Canara Visa Classic or Mastercard Standard Credit Cards. A fuel surcharge waiver of 2.5% will also be given to cardholders provided petrol and petroleum products purchased using the card start at a minimum of Rs. 400 and have a total amount of Rs. 2,500 spent on fuel for the month.
Meanwhile, for frequent travelers who tend to jet set around varying parts of the globe, you’ll be glad to know that their premiere line offers exclusive airport lounge access. These are only available for select lines such as the Canara RuPay Select Credit Card and the Canara MasterCard World Credit Card.
What Are The Fees?
As a cardholder, users have the responsibility to pay their outstanding balance. Aside from this, they should keep in mind that there are fees and charges that can come with being a cardholder. This can include an enrolment fee for corporate credit cards. These cards do not have card inactivity fees, while the rest can have such charges of up to Rs. 750.
An interest rate of 2.5% monthly or 30% annual applies. The bank also imposes a transaction fee for cash advances. The rate is 3% of the amount with a minimum of Rs. 30 for every Rs. 1000. With worldwide acceptance, Canara Bank’s credit cards can be used anywhere in the world. It also boasts of zero annual fees except for corporate credit cards.
How To Apply?
If you are interested in getting a Canara Bank credit card, it is important to make sure that you are eligible. The bank only accepts applications from individuals with good credit history with a minimum gross income of Rs. 100,000. It is preferable for the bank that you already have an account with them, complete with satisfactory dealings at your home branch. Just visit their site and choose your preferred credit card.
You will also be asked to provide a mobile contact number, as well as your PAN. Other requirements could include proofs of identity and address. You might also want to prepare your latest bank statement, recent payslips and utility bills.
How To Contact Canara Bank Credit Card
Getting a Canara Bank credit card can make your everyday transactions much easier and convenient. To know more, get in touch with the bank by calling 1800 425 0018 or sending an email to [email protected]. You can also send mail to the Deputy General Manager at Canara Bank, Card Division, Naveen Complex, 5th Floor, No. 14, M G Road, Bangalore. 560 001, India.
Note: There are risks involved when applying for and using credit. Consult the bank’s terms and conditions page for more information.
