Canara Bank RuPay Classic Credit Card

Reward Rate

With the Canara Bank RuPay Classic Credit Card, users earn 2 Reward Points for every ₹100 spent on PoS/ E-Commerce transactions.

Reward Redemption

• The value of 1 Reward Point = ₹0.25.
• All the Reward Points earned can be redeemed at Canararewardz.
• The Reward Points can be redeemed for cashback or goods purchases.

Insurance Benefits

The Canara Bank RuPay Classic Credit Card offers several insurance benefits and provides security to its cardholders. It provides cover against fraudulent charges of up to ₹2 lakhs, providing financial security against unauthorized transactions. The card also includes baggage insurance for losses up to ₹25,000, protecting your belongings during travel. Then there’s a purchase protection cover for items bought with the card, also up to ₹25,000. In case of an air accident, the card offers a substantial ₹4 lakh coverage for the cardholder and ₹2 lakh for the spouse. For other accident scenarios, the coverage amounts are ₹2 lakh for the cardholder and ₹1 lakh for the spouse.

Canara Bank RuPay Classic Credit Card Fees and Charges

• Canara Bank does not charge any enrollment or annual fees for their credit cards.
• If you do not use your card and your total transactions are less than ₹12,000 in a year, you will incur a fee of ₹100.
• If you choose to pay only the minimum amount due on your credit card, any remaining balance will attract a monthly interest charge of 2.5%.
• If you need to replace your credit card, there is a fee of ₹300 for each card, whether it is a primary or addon card.
• When you make transactions in a foreign currency, there is an additional charge of up to 3% of the transaction amount.
• Withdrawing cash using your credit card at Canara Bank ATMs incurs a fee of 3% of the amount withdrawn, with a minimum charge of ₹30 for every ₹1,000.
• If you fail to make the payment by the due date, you will be charged a late fee of ₹250, plus GST, alongside any other interest charges applicable on the outstanding balance.

Canara Bank RuPay Classic Credit Card Eligibility Criteria

• You must be 21 years or older to apply.
• You should have an independent income of at least ₹1 lakh gross per year.
• If you are a staff member, your minimum net take-home salary should be at least ₹4,000 per month.
• You need to have a stable source of monthly income, whether you are salaried or self-employed.
• A decent credit history is required to qualify for the card.
• You must be a resident of India.
• You will need to provide the necessary documents to support your application, such as proof of identity and proof of income.

How to Apply for the Canara Bank RuPay Classic Credit Card?

To apply for the Canara Bank RuPay Classic Credit Card, you can either visit the nearest branch or fill out the form online. All you have to do is follow the following steps:

• Visit the official website of Canara Bank.
• Under the ‘Digital Products’ section, click on ‘Cards’ and then select ‘Credit Cards.’
• Look for the ‘Application Forms’ and click on it.
• Download the application form and print it out.
• Fill in the application form completely.
• Attach all the required documents and submit them to your nearest branch.

Canara Bank RuPay Classic Credit Card Review

The Canara Bank RuPay Classic Credit Card is a good option for people looking for a simple and affordable credit card. It has no joining or annual fees, which means it is free to use for life, making it a great choice for those on a budget. You can earn Reward Points on every purchase, which adds value, especially for frequent shoppers. While it doesn’t offer perks like dining discounts or travel benefits, it does provide insurance coverage for added security. If you want basic credit features and an easy way to manage your spending, this card may be a good fit for you. This card is a perfect choice for first-time credit card appliers, who are focusing on building their credit score.