Empower your business with streamlined corporate spending and comprehensive financial control.
2 reward points per ₹100 spent
Enter your details to get started
| Benefit | Details |
|---|---|
| Reward Points Programme | Earn 2 reward points per ₹100 spent. Each point valued at ₹0.25. |
| Zero Annual Fee | No annual fee for primary cardholder. |
| Cash Advance Facility | Primary cardholders: up to 50% of credit limit or ₹5 lakhs (whichever is higher). Add-on cardholders: ₹25,000 per month. |
| Add-on Cards | Issue cards to authorised employees. Annual fee ₹400 per add-on card. |
| Mediclaim Insurance | Partnership with United India Insurance for Family CANARA MEDICLAIM Policy and Individual Cancomfort Policy at reduced rates with cashless hospitalisation. |
| Minimal Joining Fee | One-time fee of ₹250 for primary card. |
| Interest-free Credit | Up to 50 days when previous balance paid in full. |
| SMS Alerts | Instant notifications for enhanced security. |
| Attribute | Classification |
|---|---|
| Issuer / Provider | Canara Bank |
| Bank / Non-bank | Nationalised Bank |
| Category | Corporate / Business |
| Type of Card | Visa |
| Free or Paid | ₹250 Joining Fee + ₹400 Annually for Add-on Cards |
The Canara Bank Corporate Credit Card is designed for corporate customers including private companies, partnership firms, chartered accountant practices, and public sector enterprises. This card serves organisations seeking to streamline corporate expenditure whilst maintaining comprehensive financial control. With features like expense tracking, credit limit sharing across add-on cards, and nominal fees, it proves suitable for businesses wanting to consolidate spending with proper oversight. The card's international acceptance through Visa makes it appropriate for organisations with domestic and international operational requirements.
Global Acceptance: Accepted worldwide through Visa network at millions of outlets and ATMs.
Credit Limit: The Bank sets a shared credit limit, allowing up to 50% or ₹5 lakhs cash withdrawal for the primary cardholder and ₹25,000 per month for add-on cardholders.
Card Variants: Separate domestic and international variants available.
Billing: Fixed 20th billing date for consistency.
Revolving Credit: Minimum 5% or ₹100 payment, balance carried forward.
Transactions: Supports online, mail orders, IVRS, teleshopping, and POS.
Security: SMS alerts for transaction notifications.
Earning Reward Points
Standard Reward Rate: Earn 2 reward points for every ₹100 spent on eligible transactions, with each point valued at ₹0.25.
Redeeming Reward Points
Maxgetmore Programme: Canara Bank's dedicated redemption platform requires registration and account activation.
Redemption Options:
Statement credit at ₹0.25 per point
Electronic appliances and gadgets
Apparel and accessories
DTH and mobile recharge
Movie tickets
Various lifestyle products
Cardholders can access the rewards catalogue through the website or by contacting customer service.
Minimal Entry Cost: New corporate cardholders pay only ₹250 plus GST as joining fee.
No Annual Fee: The primary corporate credit card carries no annual fee, providing ongoing cost savings.
Disclaimer: The card features, benefits, application process, and other details mentioned above are accurate at the time of writing but may change without prior notice.
| Fee Type | Amount | Details |
|---|---|---|
| Joining Fee | ₹250 + GST | One-time charge for primary card. |
| Annual Fee (Primary) | ₹0 | No annual fee. |
| Annual Fee (Add-on) | ₹400 | Per supplementary card annually. |
| Criteria | Details |
|---|---|
Eligible Entities | Private companies, partnerships, CA firms, tax consultants, solicitors, public/private sector enterprises. |
Banking Relationship | Existing Canara Bank customers with S1/S2 status OR 12+ months transaction history. |
Credit Standing | Good credit rating essential. |
Member Banks | Also available to member affiliate banks. |
| Document Type | Details |
|---|---|
| Board Resolution | As per Canara Bank proforma. |
| Constitution Papers | Partnership deed (firms); Memorandum and Articles of Association (companies). |
| Financial Statements | Last three years' statements. |
| KYC Documents | PAN card, address proof, ID proof for all cardholders. |
| Photographs | Recent passport-size photos. |
| Additional Papers | Other relevant documents as requested. |
Step 1: Click on Apply Now: Hit the "Apply Now" button to start your application.
Step 2: Fill in Your Detail: Enter your personal, contact, and financial details in the application form.
Step 3: Upload Required Documents: Upload your PAN Card, Aadhaar/Address Proof, and Income Proof.
Step 4: Submit Your Application: Review all the details and click Submit.
Step 5: Approval & Card Delivery: Once approved, your Canara Bank Corporate Credit Card will be delivered to your registered address.
| Usage Tips | Details |
|---|---|
Maximise Rewards | Use for all business transactions to earn 2 points per ₹100. |
Plan Cash Withdrawals | Primary: 50% limit or ₹5 lakhs; Add-on: ₹25,000 monthly. |
Use Interest-free Period | Pay full amount before due date for 50 days interest-free credit. |
Monitor Spending | Review statements regularly to track employee expenditure. |
Redeem Rewards | Access Maxgetmore programme for statement credit or merchandise. |
Enable SMS Alerts | Register mobile numbers for instant transaction notifications. |
Budget International Use | Factor in 3% markup on foreign currency transactions. |
Manage Revolving Credit | Pay minimum 5% or ₹100 to avoid penalties if unable to pay in full. |
The Canara Bank Corporate Credit Card is designed for users who want to maximize their credit card benefits effectively.
Disclaimer: The information provided on this page has been gathered from various reliable sources and is intended solely for general informational purposes. As details may change over time, we do not guarantee the accuracy or completeness of the content. Users are advised to verify the information with official or relevant sources before making any decisions or taking action.
No comments yet. Be the first.