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:
There are different types of Credit Cards under each category. They are:
Under Visa Card
Under Master Credit Cards
There are no variants under Corporate Credit Cards.
The following are the features and benefits of Canara Bank Credit Cards.
The salient features of Canara Bank Credit Cards are summarised below:
|Name of the card||Features|
|Canara Visa Classic Credit Card|
|Canara Visa Gold Credit Card|
|Canara Mastercard Standard Credit Card|
|Canara Mastercard Gold Credit Card|
|Canara Mastercard Global Credit Card|
|Canara Corporate Credit Card|
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.
|Name of the card||Joining Fee||Annual Fee|
|Visa Classic Card||Nil||Nil|
|Visa Gold Credit Card||Nil||Nil|
|Mastercard Standard Credit Card||Nil||Nil|
|Mastercard Gold Credit Card||Nil||Nil|
|Mastercard World Credit Card||Nil||Nil|
|Corporate Credit Card||Nil||400|
The following are the details of Canara Bank Credit Card Charges
|Name of the charge||Amount|
|Cash withdrawal charges at ATMs||3% of the transaction amount with a minimum of 30 for every 1000 and part thereof.|
|Charges for charge slip copy|
100 for domestic transactions
US$10 of equivalent for international transactions
|Collection charges for outstation cheques||100 per instrument plus other bank charges|
|Notices sent to defaulting cardholders||50/ per notice|
|Delayed payment beyond the due date|
|Cheque dishonour or dishonour of payment instruction||50|
|Foreign currency mark-up fee||3%|
|For the unpaid portion on the card where the revolving facility exists||2.5% p.m. of the carried over balance from the due date.|
|Card inactivity fee|
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.
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 following documents are required to apply for a Canara Bank Credit Card.
Voter's ID card
Voter?s ID Card
3 latest salary slips
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.
The payment of Canara Bank Credit Card Dues can be made in either of the following ways:
If you have any queries regarding Canara Bank Credit Card you can contact the Customer Care helpline at the following numbers
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The billing date for Visa Classic/ Visa Gold card is the 20th of every month which has to be paid within the 10th of the subsequent month.
The billing date for MasterCard Standard, MasterCard Gold, and Corporate Credit Card is the last calendar date of the month and has to be paid within the 20th of the subsequent month.
You earn 2 reward points for every 100 spent on the card for all purchases and the value of each reward point is 0.25. There is an exclusive website available for the redemption of reward points. Under Maxgetmore? you can earn more reward points. The cardholders have to visit the website www.canararewardz.com which is meant for redemption of reward points for registration and get the login ID. You can redeem the reward points for various products in the gift catalogue or can use the points for mobile or DTH recharge.
The cardholder has to be present while making the payment settlement to sign the charge slip as a part of authorisation. The cardholder has to give a second level password which is very confidential in the case of transactions through IVRS. Real-time update of every transaction is given vide SMS to the registered mobile number of the cardholder
A detailed statement of the transactions on the card is sent to the registered address before the due date. There is a facility to get e-statement on the registered Email address. You can also install the Canara Saathi Mobile App and get information on both the billed and the unbilled transactions.
Depending upon the risk perception and incidents of fraud, the Bank has put a cap on the number and value of certain transactions. This restriction is put in the interests of the cardholder.
Skimming is nothing but the creation of a duplicate card by stealing the information embedded in the card. It is very necessary to register your mobile number while applying for the card so that you will get the real-time updates of the transactions made on your card. In case of any doubtful transaction, the card can be blocked immediately to avoid further fraudulent transactions.