Experience global travel privileges with lifetime-free premium banking and complimentary lounge access worldwide.
Domestic & International Lounge Access
Zero Joining, Annual, and Enrolment fees
2 points per ₹100
Enter your details to get started
| Benefit | Details |
|---|---|
| Lifetime Free | Zero joining, annual, and enrolment fees. |
| Domestic Lounge | 3 visits per quarter (self) + 2 guests per quarter. |
| International Lounge | 2 visits per year (self) + 2 guests per year. |
| Reward Points | Earn 2 points per ₹100 on POS/e-commerce (₹0.25 per point). |
| Travel Discounts | GoIbibo: 12% flights, 15% hotels, 9% buses, 10% cabs. |
| Insurance Coverage | Fraud ₹5L; Purchase ₹25K; Baggage ₹25K; Air accident ₹8L. |
| Fuel Waiver | 1% (₹10 fee; max ₹100 on ₹2.5K spend). |
| Interest-free Credit | Up to 50 days when balance paid in full. |
| Attribute | Classification |
|---|---|
| Issuer / Provider | Canara Bank |
| Bank / Non-bank | Nationalised Bank |
| Category | Travel / Lifestyle |
| Type of Card | MasterCard World |
| Free or Paid | Lifetime Free (₹300 inactivity fee if turnover below ₹2 lakhs annually) |
The Canara Bank MasterCard World Credit Card is tailored for frequent travellers and online shoppers valuing premium airport lounge access without annual fees. This card serves individuals seeking cost-effective travel privileges with complimentary domestic and international lounge access plus comprehensive insurance coverage. With reward points on purchases and seasonal travel discounts through GoIbibo partnerships, it suits those regularly booking flights, hotels, and cabs whilst maintaining active usage. The ₹2 lakh annual turnover requirement to avoid inactivity charges makes this accessible for moderate spenders appreciating premium benefits without typical high travel card fees.
Global Acceptance: Accepted at all MasterCard-enabled merchants and ATMs globally; international usage requires activation via net banking, mobile banking, or branch visit.
Credit Limit: Maximum ₹50 lakhs monthly; cash withdrawal capped at 50% of limit or ₹50,000 (whichever lower).
Transaction Types: Supports ATM withdrawals, POS purchases, e-commerce with toggle controls online or via mobile banking.
Annual Spend: Minimum ₹1 lakh expected to maintain active status and avoid inactivity fees.
EMI Facility: Convert large purchases to instalments through Canara ai1 app.
Rewards: Redeem points at www.canararewardz.com for cashback or merchandise.
Insurance: Multi-layered coverage for fraudulent transactions, purchases, baggage, and accidents.
Earning Reward Points
Standard Rate: Earn 2 reward points per ₹100 on POS and e-commerce transactions (₹0.25 per point value).
Redeeming Reward Points
Platform: Access www.canararewardz.com for redemption.
Options: Cashback, merchandise, gift vouchers, travel bookings.
Accumulated points offer flexibility between immediate cashback value or aspirational catalogue rewards.
Zero Costs: No joining fee, annual fee, or enrolment charges—genuinely lifetime-free.
Immediate Benefits: Instant lounge access and reward earning upon activation.
The Canara Bank MasterCard World Credit Card offers 1% fuel surcharge waiver, requiring a minimum of ₹400 per transaction, with ₹10 fee plus taxes charged.
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 | ₹0 | NIL |
| Annual Fee | ₹0 | Lifetime free. |
| Enrolment Fee | ₹0 | No charges. |
| Inactivity Fee | ₹300 + GST | Charged if annual turnover is below ₹2 lakhs. |
| Interest Rate | 2.5% monthly (30% p.a.) | Charged on unpaid balances after the due date. |
| Cash Withdrawal Fee | 3% (minimum ₹30/₹1,000) | Cash withdrawal limited to 50% of limit or ₹50,000 (whichever lower). |
| EMI Conversion Fee | 2% (₹100-₹200) + 13-14% p.a. interest | Conversion available via Canara ai1 app. |
| Foreign Currency Markup | 3% | Applicable on all international transactions. |
| Fuel Surcharge Waiver | 1% (₹10 fee; max ₹100 on ₹2.5K spend) | Requires minimum ₹400 per transaction. |
| Criteria | Details |
|---|---|
Age | 18 years |
Income (Individuals) | Minimum ₹10 lakh gross annually |
Income (Staff) | Minimum ₹60K annually, ₹4K monthly net |
Residency | Indian resident |
Credit Score | 700 and Above |
| 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 Standard 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. |
Utilise Lounge Access | Plan visits for 3 domestic quarterly + 2 international yearly with guests. |
Claim Travel Discounts | Access GoIbibo: 12% flights, 15% hotels, 9% buses, 10% cabs. |
Maintain Spending | Keep turnover above ₹2L yearly to avoid ₹300 inactivity fee. |
Leverage Interest-free Period | Pay 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. |
Use Fuel Wisely | Make ₹400+ fuel transactions with ₹2.5K spend for ₹100 reimbursement. |
The Canara Bank MasterCard World 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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