Internal banner

  • Upto 50 days of interest free credit
  • Easy EMI Conversion through Canara ai1 app
  • ATM Cash Withdrawal & other non financial services.
  • Shop at PoS at Merchant Outlets.
  • Shop online & enjoy discounts.
  • Domestic & International Acceptance
  • Zero Annual, Joining and Enrolment Fee
  • Rewards Points for every PoS / e-commerce transaction.

Acceptance

  • Domestic & International Acceptance
  • International / Global usage can be activated through net banking / mobile banking or by visiting the base branch.

Features

Parameters

MasterCard Standard Credit Card

Type of Transactions available

All Transactions are allowed ie ATM Cash Withdrawal/ Point of Sale / E-Commerce (The same can be made On/Off or limit can be set through net banking / mobile banking or by visiting the base branch)

Domestic & International Acceptance

Available

Maximum Credit Limit Per Month

₹.5,00,000

Cash-Withdrawal Limit

50% of Credit Limit or ₹.50,000/- , whichever is lower

Cash-Withdrawal Charges

₹.30/- Per  ₹.1000/- withdrawn.

Interest Free Credit Period

Upto 50 days till next Payment Due Date

Interest Rate beyond Credit Period

2.5% Per Month or 30% Per Annum of the outstanding Amount

Annual/ Joining/ Enrolment Fee

Nil

Lounge Access

Not available

Reward Points

2 Points per every ₹100/- spent on POS/ E-Commerce

Markup Fee

3% on Forex Transactions (Lowest among Peer Banks)

Options to Redeem Reward Points

Cashback or Goods Purchase through (www.canararewardz.com)

Expected minimum Annual Turnover on Card

₹.12,000/-

Inactivity Fee (If annual Turnover is not met)

₹.100/-

Fraudulent Charge Cover

₹.2,00,000/-

Baggage Insurance

Upto ₹.25,000

Purchase Protection Cover

Upto ₹.25,000

Accident Cover (Air Accident)

₹.4.00 lakhs for self
₹.2.00 lakhs for spouse

Accident Cover (Other than Air Accident)

₹.2.00 lakhs for self
₹.1.00 lakh for spouse

EMI Conversion

Easy EMI Conversion through Canara Saathi and Canara ai1 app :
EMI Conversion Charges: Min: ₹.100/-, 2% of Transaction Value and Max: ₹.200/-.
EMI Rate: 13% p.a. for below 1 Year (3,6,9 months), 14% p.a. for 1 Year & Above (12, 18, 24 months)

Other Offers

Seasonal Offers are available on Canara Cards.
Current Offers: GoIbibo Discount Offer for 12% on Domestic flight Bookings, 15% on Hotel Bookings, 9% on Bus Bookings, 10% on Outstation Cabs

All the above listed charges excluding GST and 18% GST will be charged extra.

  • Independent income with a minimum of ₹.1 lakh gross per annum for individuals.
  • Minimum annual gross income of ₹.60000/- and minimum net take home salary of not less than ₹.4000/- p.m. for staff members.

Fee and Charges

Nature of Charge

Amount of Charge

Enrollment fee

NIL

Annual Fee

NIL

Card Inactivity Fee
Applicable only if the card turnover during the card year is less than ₹. 12000/-

₹100/-

Free Credit Period

Minimum of 20 to and maximum of 50 days

Charges on Revolved Amount, Where the cardholder has been permitted Revolving Credit facility, the cardholder needs to pay only the minimum due amount indicated in the bill. The unpaid portion will only attract service charges.

2.50%p.m.(Annualized Percentage Rate 30% ).

Minimum repayment on Revolving Credit (Minimum Amount Due – MAD):

5% of Total outstanding amount (Min. ₹.100) + all applicable charges/fees/taxes + EMI (in cases of EMI availed by card holder)+ over the limit amount (if any)

Card Replacement Fee

₹.300/- per card (applicable for both primary and addon card)

Mark up in case of Transaction in foreign currency

Upto 3% of transaction Amount

Duplicate Statement

₹.10 per page

Cheque dishonor charges or unsuccessful payment instructions

₹.50

EMI Processing fee

2% of transaction amount with minimum of ₹.100/- and Maximum of ₹.200/-

Rate of interest on EMI

13% p.a. for EMI period of 3,6 and 9 months and 14% p.a. for EMI period of 12,18 and 24 months.

EMI Pre-closure penal charges

2% of outstanding principle.

Surcharges
Railway Tickets – Railway Counters
Railway Tickets – www.irctc.co.in

₹.30+ 2.5% of transaction amount 1% of transaction amount + all applicable taxes

Fuel Surcharges
Petrol & all products/services sold at petrol pumps

1% of transaction value with minimum fee of ₹.10+ applicable taxes.
Maximum of Rs 100/- for the billing month would be reimbursed in the upcoming billing month in the following cases

  • Card should have been used for a minimum amount of ₹.2500/- for purchase transactions during the billing month.
  • Minimum purchase of petrol & petroleum products per occasion(ticket size) for reckoning under this scheme is ₹.400/-.

Transaction fee for cash withdrawal through Credit Card at Canara Bank ATMs *(per transaction)
*Use of other Bank ATMs attracts extra charges levied by the respective banks.

3% of the transaction amount subject to a minimum of ₹.30/- for every ₹.1000 or part thereof.

Copy of charge slip

Domestic ₹.100/-
International US $10/- or equivalent

Original Charges slip: If processed by our Bank

USD 2.00 (Approximate rupee equivalent is charged)

Original Charges slip: If Procured from other Bank

USD 6.00 (Approximate rupee equivalent is charged)

Collection charges for outstation cheques

₹.100 per instrument+ other banks charges, if any

Charges in respect of notices reminders sent to cardholders having overdues

₹. 50/- per notice

Services Charges for Delayed payment beyond due date For Revolver and Non-revolver

Late payment fee of Rs 250/- + GST will be charged, this is in addition to existing service charges (2.5% p.m. i.e. 30% per Annum) on carried over balance.

  • All the above listed charges excluding GST and 18% GST will be charged extra
  • All other out of pocket expenses incurred for any services rendered will be collected in addition to the fees/charges mentioned above.
  • All fees / charges are subject to change and at the discretion of the Bank. The changes in fees / charges and the effective date will be indicated in the bills / MITC/ Bank site/ SMS /emails etc. Intimation on any such modification in fee/charges will be intimated to customer through SMS /emails etc. Bill/statement will be generated only when there is a billable transaction for the billing month.
© 2024, Canara Bank, All rights reserved

Last updated on 23-05-2024 02:36 AM

Powered By PECS

Visitor Count 1