Canara Bank Mastercard World Credit Card
- Updated On: 9 July, 2026
The Canara Bank Mastercard World Credit Card is designed for those who enjoy shopping and traveling without the hassle of annual fees. With no joining or renewal fees, this card offers a cost-effective solution for avid spenders. Cardholders can earn 2 Reward Points for every ₹100 spent on e-commerce transactions, making it a great choice for online shoppers.
Travel enthusiasts will appreciate the complimentary access to airport lounges. Cardholders can relax in comfort with access to domestic lounges thrice a quarter and international lounges twice a year along with guests. The card even provides a range of insurance benefits, including coverage for fraudulent charges, baggage loss, and accidents. Whether you’re a frequent traveler or a dedicated shopper, this card has something to offer. Continue Reading to learn more about this card.
Canara Bank Mastercard World Credit Card
( 4.3 / 5 )
- Joining Fee
- Annual Fee
- Best Suited For
- Reward Type
Rewards Rate
2 RP for every ₹100 spent on e-commerce transactions
Welcome Benefits
N/A
Rewards and Benefits
Movie & Dining
N/A
Rewards Rate
2 RP for every ₹100 spent on e-commerce transactions
Reward Redemption
1 RP = ₹0.25
Travel
N/A
Domestic Lounge Access
3 complimentary lounge access every quarter
International Lounge Access
2 complimentary lounge access every year
Golf
N/A
Insurance Benefits
It includes purchase protection, baggage coverage, and much more
Fees & Charges
Spend-Based Waiver
Nil
Rewards Redemption Fee
Nil
Foreign Currency Markup
3%
Interest Rates
2.5% monthly or 30% annually
Fuel Surcharge Waiver
1% waiver on fuel transaction
Cash Advance Charges
3% of the advance, minimum ₹30 per ₹1,000
Product Details
- The interest fee of this card is low.
- Insurance benefits are provided to cardholders.
- Domestic and international airport lounge access is offered to users.
Pros/Cons
Pros
- This is a lifetime-free credit card.
- This card includes add-on guests on both domestic and international airport lounges.
Cons
- This card comes with a high Forex markup fee of 3%.
- No extra benefits on dining, entertainment, or golf are included with this card.
Reward Rate
Users with the Canara Bank Mastercard World Credit Card let you earn 2 Reward Points for every ₹100 spent on POS and E-Commerce transactions.
Reward Redemption
- The value of 1 Reward Point = ₹0.25.
- Reward Points can be redeemed for cashback and goods.
- To redeem the Reward Points, users need to visit the Canararewardz website.
Airport Lounges
With the Canara Bank Mastercard World Credit Card, airport lounge access offers a comfortable space for travelers to relax before their flights. For domestic travel, you can visit the lounge thrice every quarter and can have guests twice every quarter. If you’re flying internationally, you can enjoy the lounge with one guest, but only twice a year.
Insurance Benefits
The Canara Bank Mastercard World Credit Card offers a number of insurance benefits, including fraudulent charges, baggage insurance, air accident cover, and much more.
| Category | Insurance Coverage |
| Fraudulent Charge Cover | ₹5 lakh |
| Purchase Protection Cover | Up to ₹25,000 |
| Baggage Insurance | Up to ₹25,000 |
| Accident Cover (Air Accident) | ₹8 lakh (self); ₹4 lakh (spouse) |
| Accident Cover (Other than Air Accident) | ₹4 lakh (self); ₹2 lakh (spouse) |
Fuel Surcharge Waiver
The Canara Bank Mastercard World Credit Card provides a fuel surcharge waiver, which offers a 1% fee on transaction values, with a minimum charge of ₹10 plus applicable taxes. Customers can get a maximum reimbursement of ₹100 in the next billing month if they spend at least ₹2500 on purchases. For fuel purchases, a minimum amount of ₹400 is required per transaction to qualify for the waiver, making it easier to save on fuel costs.
Seasonal Offers
GoIbibo Discount:
- Discount Domestic Flight Bookings: Get a 12% discount on booking domestic flights.
- Discount on Hotel Bookings: Enjoy a 15% discount when you book hotels through GoIbibo.
- Discount on Bus Bookings: Receive a 9% discount on bus bookings.
- Discount on Outstation Cabs: Take advantage of a 10% discount on outstation cab bookings.
Canara Bank Mastercard World Credit Card Review
The Canara Bank Mastercard World Credit Card is a great option for those who enjoy shopping and traveling without paying annual fees. There are no joining or renewal costs, and cardholders can earn reward points on online purchases. They also get access to multiple airport lounges and various insurance protections. However, the card does have a 3% foreign currency markup and doesn’t offer extra benefits for dining and entertainment. Despite this, the card provides good value through cost savings and rewards, making it a practical choice for many. If you focus on online shopping and travel comfort, you should consider applying for this card.
FAQs:
Are there any dining or entertainment benefits?
No, this card does not offer any specific benefits for dining or entertainment.
What is the interest rate on the card?
The monthly interest rate is 2.5%, translating to an annual rate of 30%.
What insurance benefits does this card provide?
It includes cover for fraudulent charges, baggage insurance, and accident cover, among other benefits.
Is there a minimum transaction amount required for fuel purchases?
Yes, a minimum transaction amount of ₹400 is needed to qualify for the fuel surcharge waiver.
1 comment
JEYAKUMAR S
PLS CONTCTACT ME I AM INTERESTED THIS Canara Bank Mastercard World Credit Card