Corporation Bank
Credit Card

In 1906 Corporation Bank came into existence as Canara Banking Corporation (Udupi) Limited in Udupi. The Bank was founded by a group of visionaries with the primary objective to inculcate the habit of saving among the people of all classes. In the year 1939, the Corporation was renamed as Canara Banking Corporation Limited.  In 1972 once the Corporation was renamed as Corporation Banking Limited. Post nationalisation of the Bank in the year 1980 Corporation Banking Limited became Corporation Bank. The Head Office of the Bank is at Mangalore.

At present, the Bank has a wide network of 2501 fully automated branches and 3169 ATMs and 4724 branchless banking units. The representative offices of the Bank are in Dubai and Hongkong. The Bank has issued smart cards to natives of 4724 villages to enable them to operate their accounts at their doorstep through the Business Correspondents of the Bank.

The Bank offers a variety of banking products and services constituting of consumer banking products, corporate banking, e-commerce, retailing banking products, finance and insurance investment, asset management, and wealth management. Corporation Bank also has various credit cards with immense benefits and offers. The rate of interest charged on the transactions with the card is very competitive and the fee for the cards are also nominal. The bank has tie-up with popular brands to offer EMI options on purchases and to offer specialised discounts.

Corporation Bank International Credit Card with the following variants

• Classic
• Gold
• Platinum
• Signature

The following are the features and benefits of Corporation Bank Credit Card

• Global Acceptance: Corporation Bank Credit Cards are accepted widely at over 30 million Visa member establishments of which more than 1.1 million outlets are in India. The card can be accessed at over 19 lakh Visa ATMs across the globe of which 5000 VISA ATMs including Corporation Bank ATMs are in India. In addition to OTP the card has a 3D secured code and a secured CVV number.
• EMV Chip Card: The cards are embedded with EMV chips which give higher security for the transactions done using the card. The Existing Classic Cards will work till the expiry and will be issued as Gold Card on renewal
• Add-on cards: Add-on card facility up to 3 cards are available for the family members of the cardholder. The age of the add-on cardholder should be over 18 years.
• Photo Card: All the cards will have a photo of the cardholder along with digitally imprinted signature to ensure added safety for transactions at member establishments because these cards serve the purpose of photo ID as well.
• Billing cycle: The Bills for the cards are drawn on the 26th of every month and has to be paid within 20th from the date of billing and for old classic cards the billing cycle will be 21st of every month and has to be paid within 15 days from the date of billing
• Revolving facility: A revolving facility wherein a minimum due amount as stipulated by the Bank has to be paid. The residual outstanding will be carried over to the next billing statement and will attract interest.
• Interest-free period: An interest-free period of 50 days is available for the cards.
• Cash withdrawal: Cash withdrawal facility through Corporation Bank ATMs or VISA ATMs is allowed. The cash withdrawal amount allowed will be a percentage of the credit limit depending on the card. A cash withdrawal fee along with interest until the period of usage will be collected. If cash is withdrawn from the card account, the interest-free period for transactions at member establishments will not be allowed. For withdrawal at VISA ATMs an additional charge as VISA charge will be collected. In case of withdrawals made overseas, a mark-up fee in addition to conversion fee will be collected.
• EMI Option: A facility to convert the transactions above 2500/- on the card into EMI is available.
• Pre-defined limit: The cardholders have the provision to choose a limit lower than the eligible limit. The pre-defined limit can be changed at the request of the cardholder which will become applicable from the next billing cycle.
• Temporary limit enhancement: After one year of membership the cardholders have the option for temporary limit enhancement up to 30% of the original credit limit. This enhanced limit will be available only for 30 days from the date of such enhancement. This facility will be available if the minimum amount due has been paid promptly for 6 billing cycles. Charges for limit enhancement will be collected.
• Balance Transfer: A facility to transfer the outstanding balance on other bank credit cards at a lower interest rate is available.

The detailed features of the cards are as mentioned in the table below.

The details of rewards for the different types of Corporation Credit Card is as mentioned below:

• 1 reward point for every 200/- spent on the Classic Card
• 1 reward point for every 150/- spent on the Gold Card
• 1 reward point for every 125 spent on Platinum and Signature Cards.

The reward points can be redeemed at 1 per reward point. The points can be redeemed on an accumulation of 500 points for Classic and Gold Cards, 750 points for Platinum Card and 1000 points for Signature Card.

Reward points of the cardholders with accumulated points as per the requirement will be credited to the card account in the month of April every year irrespective of receiving a request from the cardholder. If the points are below the required level it will lapse after year.

The details of the fees for Corporation Bank Credit Card is as given below:

Steps to apply for the Card through Banks Website

New Customers should follow the following steps to apply for the Credit Card.

• Visit the official website of Corporation Bank
• Go to the Credit Cards Page and provide your contact details and personal details.
• Details of the list of cards will appear. Choose the card as per your requirement. If the financial details satisfy the requirement of the bank for that particular card you can proceed to apply for the card.
• On verification, a representative from the bank will approach you and guide you through the process.
• You will have to submit the documents relating to address proof, Photo ID proof and Income Proof for checking the eligibility criteria and issuing the card.

Steps to be followed by existing customers

• Go to the Credit Card page on the official website of Corporation Bank
• Provide your net banking customer ID and mobile number
• You can directly apply for the credit card online.

Steps to apply for the Credit Card through MyMoneyMantra

You should make use of the digital platform provided by MyMoneyMantra for applying for the card.

• To begin with visit the MyMoneyMantra website.
• Log in and choose the credit card menu. Select the card you intend to apply for and submit.
• Fill in all the relevant information required for applying for the credit card.
• The representatives of MyMoneyMantra will help you with the process following from documentation until the approval once you have completed the task of filling the application and the process is initiated.
• On approval, the card will be dispatched to your address. Card and the pin will be despatched separately.

Steps to apply for the Card Offline

To apply for the Corporation Bank Credit Card offline, you can download the application online and submit the same along with the required documents at the nearest Corporation Bank branch.

The following are the eligibility criteria for Corporation Bank Credit Card

1. The applicant should be a resident of India.
2. The age of the applicant should be between 18 years to 70 years
3. The applicant should be having an account with the Bank and should have a Pan Number.
4. The minimum net annual income requirement is as given below:
   • For salaried persons/professionals, it is 1.80 lakhs and 2.00 lakhs for self- employed persons to qualify for the Gold Card.
   • For salaried persons it is 2.50 lakhs and for self-employed individuals/professions it is 3.00 lakhs to qualify for Platinum Card.
   • 10.50 lakhs for all applicants to qualify for Signature Card.
   • For Senior Citizens the net income is 1.20 lakhs to qualify for Gold Card, 2.50 lakhs to qualify for Platinum Card and 10.50 lakhs to qualify for Signature Card.
5. The applicant should have a good credit score.

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

• Address Proof such as Aadhar Card, Passport, Driving Licence, Utility bills, Rental Agreement, etc.
• Proof of Identity such as Aadhar Card, Voters ID Card, Pass Port, Driving Licence and PAN Card.
• Income Proof such as IT Returns/ form 16 of last two years and the latest Salary Slips
• Recent passport size photograph of the applicant.

Payment of Corporation Bank Credit Card dues can be made by the following methods:

• Net Banking: Users of Corp Internet Banking can make payments through the internet banking facility of the Bank available under Funds Transfer Option.
• Visa Money Transfer: By Visa Money Transfer to the credit card at Corporation Bank or Visa ATMs.
• Auto-debit: A standing instruction can be given to debit the savings bank/current account if the cardholder has an account at Corporation Bank.
• Cash: The payment can also be made by cash at any of the CBS branches of Corporation Bank.
• Cheque: The payment can also be made by way of cheque. The payee?s name will be the 16-digit account number of the credit card. The details of the name of the cardholder and the registered mobile number should be given on the reverse of the cheque.
• Bill-Desk: You can access the internet banking facilities of other banks through the bill desk of Corporation Bank and make payment of the credit card.

For any queries regarding the credit card you can call the Customer Care on these numbers:

• 1800-22-6606
• 022-4042-6009