Canara Bank RuPay Platinum Credit Card

Canara Bank RuPay Platinum Credit Card Rewards

• Canara Bank RuPay Platinum Credit Card entitles you to earn 2 reward points on every Rs. 100 spent on this card including on e-commerce transactions.

Reward redemption:

• You can redeem your collected reward points for purchasing goods and services, and for cashback.
• For redeeming your reward points log in to www.canararewardz.com.
• 1 reward point is equivalent to Rs. 0.25.
• The minimum redeemable reward point limit for cashback is capped at 1000 reward points.
• The minimum redeemable reward point limit for the purchase of goods and services is capped at 100 reward points.
• The validity period for redeeming accumulated reward points is 3 years from the date of accrual.

Insurance benefits:

• The Canara Bank covers air accident insurance up to Rs. 8 lakhs on the Canara Bank RuPay Platinum Credit Card for the primary cardholder and Rs. 4 lakhs for the spouse.
• It also covers other air accident insurance up to Rs. 4 lakhs for the primary cardholder and Rs. 2 lakhs for the spouse.
• This card provides baggage insurance up to Rs. 25000 and purchase protection up to Rs. 25000 too.

Conclusion

As it is an entry-level card, it’d be unfair to expect premium benefits like complimentary rounds of golf or a Priority Pass membership, the 0.5% reward rate is fair enough, and certainly not something one can complain about. Additionally, you also get air travel-related benefits that most other entry-level cards do not offer. We’d suggest this card to anyone looking for a decent credit card to build a strong credit profile. You might consider it an unsecured alternative to the secured credit builder cards.

What do you think of this offering by Canara bank? Do let us know in the comments. And if you’re an existing cardholder, feel free to share your experience.