Canara Bank
Credit Card

Canara Bank started as the 'Canara Bank Hindu Permanent Fund? in the year 1906. This Fund became a Limited Company in the year 1910 and was named Canara Bank Limited. Subsequent to nationalisation in the year 1969, Canara Bank Limited became Canara Bank. Backed by strong founding principles, great leadership and adaptability to the changing scenario in the banking industry, Canara Bank has today become a well-known bank of global standards!

The customer-first approach of Canara Bank has been the prime reason for its constant popularity amongst the public. The journey of Canara Bank since 1906 has a plenty of milestones to its credit. The bank has a robust network of 6310 branches and 8851 ATMs in India and across the globe.

Candi- an Omni Channel App of the Canara Bank or say, its Digital branch, was opened in Bangalore, Chennai, and Mumbai. At Candi which is fully automatic, the customers can independently open their accounts and do their transactions with the assistance of a robot. There are hi-tech e-lounges at select centres.

Canara Bank offers a wide range of Corporate and Retail Services; and Credit Cards are the ones among them. Canara Bank Credit Cards are popular on account of wide acceptance all over the world. The array of benefits and features makes Canara Credit Cards widely popular financial product.

Canara Bank Credit Card are available in 3 categories:

• Visa Credit Cards
• Master Credit Cards
• Corporate Credit Cards.

There are different types of Credit Cards under each category. They are:

Under Visa Card

• Visa Classic
• Visa Gold

Under Master Credit Cards

• Standard
• Gold
• World

There are no variants under Corporate Credit Cards.       

The following are the features and benefits of Canara Bank Credit Cards.

• The cards are issued for both domestic and global usage. Global Cards are issued only on specific request. The card is set for domestic usage only by default.
• The credit limit for the card is set at 30% of the gross income of the applicant.
• Cash withdrawal facility is available up to 50% of your credit limit with a maximum of 50,000. A cash withdrawal charge of 30 per thousand with a minimum of 30 will be collected. The cash withdrawal is interest-free if paid within the due date. Otherwise, interest will be charged from the due date.
• The interest-free period is between 20 to 50 days.
• Free cover for death due to an accident for both the cardholder and the spouse.
• Liability on the lost card will be restricted to only 1000 from the time of reporting the loss.
• Revolving payment facility.
• Free card replacement for lost/ damaged cards.
• Real-time updates of transactions on your card through free SMS on your registered mobile number.
• Innumerable reward points for purchases made on the card.
• Multiple options for payment of Credit Card dues.
• Waiver of fuel surcharge up to 100 a month at all petrol pumps for transaction between 400 to 2500.

The salient features of Canara Bank Credit Cards are summarised below:

You can earn 2 reward Points for every 100 spent on the card for all purchases. 1 reward point is equal to 0.25. There will be no reward points on fuel purchase and payment of utility bills.

You may click on ?Max get more? to get more reward points from select merchants.

You can check the Reward Point balance and redeem reward points as cashback or for a wide range of products on Canara Rewards web portal www.canararewardz.com.

Cardholders have to activate reward point account through registration at the Canara rewards web portal. Minimum accrual of reward points for redemption is 100. To redeem as cashback minimum accrual of 1000 reward points is required.

The following are the Canara Bank Credit Card Fee Details.

The following are the details of Canara Bank Credit Card Charges

You can apply online as well as offline by visiting the bank's branch. Sharing below steps for applying for Canara bank credit card online through MyMoneyMantra.

• Visit home page of MyMoneyMantra.com
• Choose credit card from main menu and share your details and requirements.
• An OTP protected online access is generated for you.
• Now login with OTP received on your mobile phone.
• You will get a list of available cards according to your needs.
• Select the card you want to apply for and click to submit.
• A MyMoneyMantra representative will also call you to assist in the process.
• From documentation till the approval of the card, the card expert will help you.
• The card and the pin will be dispatched to your registered address after a few days of approval.

Steps to Apply for the Card offline

To apply for the card offline, you will have to visit any of the nearest Canara Bank branches and apply for the Credit Card by submitting the relevant documents.

• The applicant should be in the age group of 21 to 65 years.
• The minimum income of the applicant should be between 1 Lakh to 2 Lakh per annum depending on the card.
• The credit history of the applicant should be satisfactory. Minimum score required is 750.
• The applicant should be a resident of India.

The following documents are required to apply for a Canara Bank Credit Card.

• Address Proof: A copy of any of the following:

Voter's ID card  
Aadhar Card  
Passport  
Driving Licence  
Utility bills

• Photo ID Proof: A copy of any of the following:  
  
   

Aadhar Card  
Pan Card  
Voter?s ID Card  
Driving Licence.

• Income Proof: Salaried individuals have to produce:

3 latest salary slips

form 16  

Non-individuals like Proprietorship Firms, Partnership Firms, Private Limited Companies have to provide audited financial statements like Balance Sheet, Profit and Loss Account along with the KYC documents of the promoters.

• Additional documents: Partnership firms have to submit partnership deed and Private Limited Companies have to submit Memorandum of Association, Articles of Association and Board Resolution in the format provided by the Bank along with the other required documents.
• Photographs: Two coloured passport size photographs of the applicant have to be produced.

The payment of Canara Bank Credit Card Dues can be made in either of the following ways:

• Auto-Debit: If you have a Savings Bank/ Current Account at Canara Bank you can give auto-debit instructions for the Credit Card payment.
• NEFT: If payment is made from any other bank account then NEFT is the way to opt for repayment. The 16-digit Credit Card number has to be provided in the place of the beneficiary Account Number. The IFSC code that has to be mentioned is CNRB0001912.
• Cheque/ Demand Draft: The payment can be made by way of a Cheque or Demand Draft. The payee?s name should be the 16-digit Credit Card number. A demand draft will be issued free of cost for payment of Credit Card dues.
• Cash: The Credit Card dues can also be made by way of cash at any of the Canara Bank branches.
• Internet banking: If you have an account at Canara Bank and have an internet banking facility, then the Credit Card payment can be made through net banking also.