Canara Bank RuPay Select Credit Card

Canara Bank RuPay Select Credit Card Rewards

• Canara Bank RuPay Select 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 death by personal accident and permanent disability insurance up to Rs. 10 lakhs on Canara Bank RuPay Select Credit Card.

Other Benefits:

• Canara bank provides zero liability protection on Canara Bank RuPay Select Credit Card to the cardholders.
• The cardholders will not be held liable for any unauthorized transaction exceeding transaction limit Rs. 1000 post the time of reporting the loss of card. (However, for transactions made prior to the time of reporting, the liability lies solely with the card member.)

Conclusion

Even though bring a basic credit card, the Canara Bank RuPay Select credit card not only offers a very high reward rate, the good part is, unlike many other credit cards in the market, this one by Canara bank allows encashment of the rewards points (i.e. the rewards points can be adjusted against your card’s outstanding balance). This card can be a good pick for someone who has just started their credit journey and plans to use the credit card primarily for shopping.

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