The Canara Bank Mastercard Platinum Credit Card is a lifetime-free, rewarding card designed for both online and offline shoppers. With no annual or joining fees, it is ideal for users looking to maximize rewards without extra costs.
Cardholders earn 2 Reward Points for every ₹100 spent on e-commerce and POS transactions, allowing you to accumulate points quickly. These points can be redeemed for cashback or goods, making every purchase rewarding.
Travelers can enjoy complimentary domestic airport lounge access, while various insurance benefits provide protection against fraud, baggage loss, and accidental injuries. This makes the card suitable for frequent travelers as well as casual shoppers who want a hassle-free, rewarding experience.
Canara Bank Mastercard Platinum Credit Card Rewards Program
Reward Rate Cardholders earn 2 Reward Points for every ₹100 spent on PoS and e-commerce transactions with the Canara Bank Mastercard Platinum Credit Card.
Reward Redemption The Reward Points can be redeemed for goods or cashback via the Canararewardz platform. Each Reward Point has a value of ₹0.25.
Other Features and Benefits
Up to 50 days of interest-free credit.
Easy EMI conversion through the Canara ai1 app.
ATM cash withdrawal and other non-financial services.
Shop at PoS at merchant outlets.
Shop online and enjoy discounts.
Accepted domestically and internationally.
Zero annual, joining, and enrollment fee.
Earn reward points on every PoS and e-commerce transaction.
Complimentary airport lounge access.
Insurance Benefits
Fraudulent Charge Cover: Protection against unauthorized transactions up to ₹5,00,000.
Baggage Insurance: Coverage for lost or delayed baggage, up to ₹25,000.
Purchase Protection Cover: Safeguards purchases against theft or accidental damage, up to ₹25,000.
Accident Cover (Air Accident): ₹8,00,000 for the cardholder and ₹4,00,000 for the spouse.
Accident Cover (Other than Air Accident): ₹4,00,000 for the cardholder and ₹2,00,000 for the spouse.
Fees and Charges
Nature of Charge
Amount of Charge
Enrollment fee
NIL
Annual Fee
NIL
Card Inactivity Fee Applicable only if the card turnover during the card year is less than Rs. 50,000/-
₹200/-
Free Credit Period
Minimum of 20 to and maximum of 50 days
Things to Know Before you apply
Get this card if:
You want a lifetime-free credit card with no annual or joining fees.
You frequently shop online or at merchant outlets and want to earn reward points.
You travel often and want complimentary domestic airport lounge access.
You want basic insurance coverage including air accident, baggage, and purchase protection.
Eligibility Criteria
Age: 21 to 70 years
Occupation: Salaried or Self-employed
Credit Score: Should have a good credit history
Document Required For Canara Bank Mastercard Platinum Credit Card
Proof of Identity: PAN Card, Aadhaar Card, Driver’s License, Passport, Voter ID
Proof of Address: Aadhaar Card, Driver’s License, Passport
Proof of Income: Latest 3 salary slips, Last 3 months’ bank statement
Canara Bank Mastercard Platinum Credit Card Hilights
What do we like about this card?
Lifetime-free credit card with no annual or joining fees.
2 complimentary domestic lounge access per quarter.
Insurance coverage included for fraud, baggage loss, and accidents.
Pros
Low interest rate compared to many other cards.
1% fuel surcharge waiver on all fuel transactions.
Cons
Forex markup charges are relatively high.
No welcome benefits are offered with this card.
Canara Bank Credit Card Contact Details
Contact Address: Canara Bank Card Division, No. 29, K R Road, Basavanagudi, Bengaluru – 560004, Karnataka, India
Canara Bank
Airport Lounge Access
Fuel
Reward Points
