Enjoy everyday rewards and lifetime free benefits with comprehensive insurance coverage and global acceptance.
Zero Joining, Annual, and Enrolment Fees
2 points per ₹100 transactions
Enter your details to get started
| Benefit | Details |
|---|---|
| Lifetime Free | Zero joining, annual, and enrolment fees. |
| Reward Programme | 2 points per ₹100 on POS/e-commerce (₹0.25 per point). |
| Insurance Coverage | Fraud ₹5L; Purchase ₹25K; Baggage ₹25K; Air accident ₹8L (self), ₹4L (spouse). |
| Interest-free Credit | Up to 50 days when the balance is paid in full. |
| Global Acceptance | Domestic and international; activate via net/mobile banking. |
| Cash Withdrawal | 50% of the limit or ₹50,000 (whichever is lower). |
| EMI Conversion | Easy conversion via the Canara ai1 app. |
| Low Inactivity Fee | ₹150 if annual turnover is below ₹2 lakh. |
| Attribute | Classification |
|---|---|
| Issuer / Provider | Canara Bank |
| Bank / Non-bank | Nationalised Bank |
| Category | Rewards / Shopping |
| Type of Card | Mastercard Gold |
| Free or Paid | Lifetime Free (₹150 inactivity fee if turnover below ₹25K annually) |
The Canara Bank Mastercard Gold Credit Card is designed for everyday shoppers seeking cost-effective reward earning without annual fees. This card serves individuals looking for basic credit benefits, including reward points on routine purchases, robust insurance coverage, and global acceptance. With zero joining and annual fees coupled with modest ₹25,000 yearly turnover requirements, it proves suitable for moderate spenders valuing financial protection and flexible payment options. The comprehensive insurance package covering fraudulent transactions, purchases, baggage, and accidents makes this appropriate for those seeking security alongside convenience.
Global Acceptance: Accepted at all MasterCard-enabled merchants and ATMs domestically and internationally; global usage is activated via net banking, mobile banking, or a branch visit.
Credit Limit: Maximum ₹25 lakh monthly; assigned based on income, credit history, and eligibility.
Transaction Types: Supports ATM withdrawals, POS purchases, and e-commerce with transaction limits manageable via net/mobile banking.
Minimum Turnover: Expected ₹2 lakh annual turnover to avoid the ₹150 inactivity fee.
Reward Redemption: Points redeemable at www.canararewardz.com for cashback or merchandise.
EMI Facility: Convert large purchases through the Canara ai1 app for flexible repayment.
Insurance Suite: Multi-layered protection including fraud, purchase, baggage, and accident coverage.
Earning Reward Points
Standard Rate: Earn 2 reward points per ₹100 on POS and e-commerce transactions (₹0.25 value per point).
Redeeming Reward Points
Platform: Access www.canararewardz.com for redemption options.
Options: Cashback against outstanding, merchandise catalogue, gift vouchers, travel bookings.
Zero Costs: No joining fee, annual fee, or enrolment charges.
Immediate Access: Instant reward earning and insurance benefits upon activation without initial investment.
The Canara Bank Mastercard Gold Credit Card charges 1% fuel surcharge with a minimum ₹10 fee plus applicable taxes on fuel transactions. Cardholders should note this is a charge rather than a waiver benefit.
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 |
|---|---|---|
| Enrolment Fee | ₹0 | No charges. |
| Annual Fee | ₹0 | Lifetime free. |
| Inactivity Fee | ₹150 + GST | If turnover below ₹25K yearly. |
| Interest-free Period | 20-50 days | Varies by billing cycle. |
| Card Replacement | ₹300 per card | Primary and add-on. |
| Interest on Credit | 2.5% monthly (30% p.a.) | On revolving amount. |
| Minimum Due | 5% or ₹100 (higher) | Plus charges/fees/EMI. |
| Foreign Markup | 3% | On international transactions. |
| Cheque Dishonour | ₹50 | Failed payments. |
| EMI Processing | 2% (₹100-₹200) | One-time fee. |
| EMI Interest | 13-14% p.a. | Based on tenure. |
| Fuel Surcharge | 1% (min ₹10) | Plus applicable taxes. |
| Cash Withdrawal | 3% (min ₹30/₹1K) | ATM/branch withdrawals. |
| Late Payment | ₹250 + GST | Plus service charges. |
| Criteria | Details |
|---|---|
Age | Minimum 21 years. |
Income (Individuals) | Minimum ₹2 lakh gross annually. |
Income (Staff) | Minimum ₹60K annually, ₹4K monthly net. |
Residency | Indian resident. |
Credit Score | 750+ recommended. |
| Document Type | Details |
|---|---|
| Identity Proof | PAN, Aadhaar (masked), Passport, DL, Voter ID. |
| Address Proof | Aadhaar, Passport, DL, Voter ID, recent utility bill. |
| Income Proof | Salary slips; ITR; Form 16; bank statements (6 months). |
| Photographs | Passport-size. |
| Additional | As requested by bank. |
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 Mastercard Gold Credit Card will be delivered to your registered address.
| Usage Tips | Details |
|---|---|
Maximise Rewards | Use for all POS/e-commerce to earn 2 points per ₹100. |
Maintain Turnover | Keep annual spending above ₹2 lakh to avoid the ₹150 inactivity fee. |
Leverage Interest-free Period | Pay the full balance before due date for 20-50 days interest-free credit. |
Redeem Points | Visit www.canararewardz.com for ₹0.25 per point cashback/merchandise. |
Monitor Insurance | Understand fraud, purchase, baggage, and accident coverage benefits. |
Use EMI Wisely | Convert large purchases via Canara ai1 app for flexible repayment. |
Activate International Usage | Enable global transactions via net/mobile banking before travelling. |
Track Spending | Monitor via mobile app to ensure minimum turnover requirements met. |
The Canara Bank Mastercard Gold 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.
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