| Domestic Airport Lounge Access | 3 per quarter |
| International Airport Lounge Access | 1 per quarter |
Acceptance
Features
|
Card features |
Visa Signature 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 |
|
Minimum Credit Limit Per Month |
₹ 150,000 |
|
Maximum Credit Limit Per Month |
₹ 50,00,000 |
|
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₹30/- Per ₹1000/- withdrawn.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 for Unsecured Credit Cards |
| Annual/ Joining/ Enrolment Fee | Nil |
| Lounge Access | Available at Selected Lounges |
| 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 | ₹2,00,000/- |
| Inactivity Fee (If annual turnover of Rs.50,000/- is not met) | ₹ 1000/- |
| Fraudulent Charge Cover | ₹5,00,000/- |
| Baggage Insurance | Up to ₹25,000 |
| Purchase Protection Cover | Up to ₹25,000 |
| Accident Cover (Air Accident) | ₹ 8.00 lakhs for self ₹ 4.00 lakhs for spouse |
| Accident Cover (Other than Air Accident) | ₹ 4.00 lakhs for self ₹ 2.00 lakhs for spouse |
| EMI Conversion |
Easy EMI Conversion through 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. |
| 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 Rs. 200,000/-) | ₹1000/- |
| Free Credit Period | Minimum of 20 to 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%) for all other credit cards. |
| Minimum repayment on Revolving Credit (Minimum Amount Due - MAD) | 5% of Total outstanding amount (Min. Rs. 100) + all applicable charges/fees/taxes + EMI (in cases of EMI availed by cardholder) + over the limit amount (if any) |
| Card Replacement Fee | Rs. 300/- per card (applicable for both primary and addon card) |
| Mark up in case of Transaction in foreign currency | Up to 3% of transaction Amount |
| Duplicate Statement | Rs. 10 per page |
| Cheque dishonor charges or unsuccessful payment instructions | Rs. 50 |
| EMI Processing Fee | 2% of transaction amount with minimum of Rs. 100/- and Maximum of Rs. 200/- |
| Rate of Interest on EMI | 13% p.a. for EMI period of 3,6 and 9 months 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 |
Rs. 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 Rs. 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 Rs. 2500/- for purchase transactions during the billing month. - Minimum purchase of petrol & petroleum products per occasion (ticket size) for reckoning under this scheme is Rs. 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 Rs. 30/- for every Rs. 1000 or part thereof. |
| Copy of charge slip |
Domestic: Rs. 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 | Rs. 100 per instrument + other bank charges, if any |
| Charges in respect of notices/reminders sent to cardholders having overdues | Rs. 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. |
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