A lifetime free card with rewarding benefits
2 reward points per ₹100 spent
₹0 joining & annual fee
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| Benefit | Details |
|---|---|
| Lifetime Free | No joining fee and no annual fee, making it a truly lifetime free credit card. |
| Reward Programme | Earn 2 reward points for every ₹100 spent on all purchases, including e-commerce transactions. |
| Travel Insurance | Comprehensive air accident insurance coverage of up to ₹8 lakh for the primary cardholder and ₹4 lakh for the spouse. |
| Interest-Free Period | Enjoy an interest-free credit period ranging from 20 to 50 days on all purchases. |
| EMI Conversion | Convert high-value purchases into easy monthly instalments through the Canara ai1 app. |
| Attribute | Classification |
|---|---|
| Issuer / Provider | Canara Bank |
| Bank / Non-bank | Public Sector Bank |
| Category | Lifestyle / Entry-Level Rewards |
| Type of Card | RuPay |
| Free or Paid | Lifetime Free (₹0 joining and annual fee) |
The Canara Bank RuPay Platinum Credit Card is designed for individuals seeking an entry-level credit card with no annual fee burden. This card is particularly suitable for those who are new to credit cards and want to build a strong credit profile whilst earning rewards on everyday spending. With its comprehensive travel insurance coverage and straightforward reward structure, the card offers meaningful value for regular shoppers, both online and offline. The lifetime free nature of the card makes it an attractive option for individuals who prefer to avoid recurring charges whilst enjoying the convenience and benefits of a credit card.
Wide Acceptance: The card is accepted at merchant establishments across India, both online and at physical point-of-sale terminals, making it convenient for daily transactions.
Global Usage: International transactions can be enabled through net banking, mobile banking, or by visiting the base branch, allowing cardholders to use the card for purchases abroad.
EMI Facility: Cardholders can convert purchases into easy monthly instalments through the Canara ai1 app, providing flexibility in managing larger expenses.
Cash Withdrawal: Access cash from Canara Bank ATMs across the country, with a withdrawal limit of 50% of the credit limit, subject to a maximum of ₹50,000 per billing cycle.
Secure Transactions: All transactions are enabled with EMV CHIP PIN technology, ensuring safe and secure card usage.
2X Reward Points: Earn 2 reward points for every ₹100 spent on all eligible transactions, whether online or offline.
Point Valuation: Each reward point is valued at ₹0.25, providing a reward rate of 0.5% on all spends.
E-commerce Benefits: Reward points are earned on e-commerce transactions as well, making the card suitable for online shoppers.
Note: Reward points are earned on eligible transactions only. Certain transaction types such as cash withdrawals, disputed refunds, returned or cancelled transactions, balance transfer transactions, foreign currency purchases, and applicable credit card fees and charges like interest rate and annual fee are not eligible for reward points.
Cashback: Get cashback or purchase goods through (www.canararewardz.com).
Products and Services: Minimum reward points usually 100 is required for purchasing goods and services from the rewards catalogue.
Gift Vouchers: Convert points to gift vouchers from partner brands.
Air Accident Insurance (Primary Cardholder): Coverage of up to ₹8 lakh for air accident-related incidents.
Air Accident Insurance (Spouse): Coverage of up to ₹4 lakh for the spouse.
Additional Accident Cover (Primary): Additional coverage of up to ₹4 lakh for other air accident-related scenarios.
Additional Accident Cover (Spouse): Additional coverage of up to ₹2 lakh for the spouse.
Baggage Insurance: Protection cover of up to ₹25,000 for lost or damaged baggage during travel.
Purchase Protection: Coverage of up to ₹25,000 for eligible purchases made using the card.
Note: Terms and conditions apply for insurance coverage. Cardholders should review the policy document for complete details on coverage, exclusions, and claim procedures.
Limited Liability: In the event of a lost or stolen card, cardholder liability is limited to ₹1,000 from the time of reporting the loss to the bank.
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 | No joining fee for this card. |
| Annual Fee | ₹0 | No annual fee, making it a lifetime free credit card. |
| Add-on Card Fee | ₹0 | No charge for supplementary cards for family members. |
| Interest Rate | 2.5% per month (30% per annum) | Applicable on outstanding balances not paid by the due date. |
| Cash Withdrawal Fee | 3% (minimum ₹30 per ₹1,000) | Charged for cash withdrawals at Canara Bank ATMs. |
| Foreign Currency Transaction Fee | 3% | Applicable on all transactions in foreign currency. |
| Late Payment Fee | ₹250 + GST | Charged if the minimum amount due is not paid by the due date. |
| Criteria | Details |
|---|---|
Age (Individuals) | Minimum 18 years |
Maximum Age | Up to 70 years |
Occupation | Salaried / Self-Employed / Business Owners |
Minimum Income (Individuals) | ₹2 lakh gross per annum |
Minimum Income (Staff Members) | ₹60,000 gross per annum with net take-home salary of ₹4,000 per month |
Credit Score | Minimum 750 recommended for better approval chances |
Residency | Must be an Indian resident |
Other Criteria | Good credit history with no payment defaults, valid PAN card, valid Aadhaar card or government-issued address proof |
| Document Type | Details |
|---|---|
| Identity Proof | PAN Card, Aadhaar Card, Passport, Voter's ID, or Driving Licence. |
| Address Proof | Aadhaar Card, Driving Licence, Passport, Utility Bill (not more than 3 months old), Ration Card, or Bank Account Statement |
| Income Proof | Latest salary slips (not more than 3 months old), Form 16, and bank account statements for the last 6 months |
Click on Apply Now: Hit the 'Apply Now' button to start your application.
Fill in Your Detail: Enter your personal, contact, and financial details in the application form.
Upload Required Documents: Upload your PAN Card, Aadhaar/Address Proof, and Income Proof.
Submit Your Application: Review all the details and click Submit.
Approval & Card Delivery: Once approved, your Canara Bank RuPay Platinum Credit Card will be delivered to your registered address.
| Usage Tips | Details |
|---|---|
Maximise Rewards | Use the card for all eligible purchases, both online and offline, to accumulate reward points consistently. |
Track Spending | Monitor your transactions and reward points through the Canara Bank mobile app or internet banking portal. |
Redeem Points Timely | Redeem accumulated reward points before the 3-year validity period expires to avoid losing them. |
EMI Conversion | Convert high-value purchases into easy EMIs through the Canara ai1 app for better financial management. |
International Usage | Activate international transactions through net banking or mobile banking before travelling abroad. |
Bill Payments | Use the card for utility bill payments and recurring expenses to earn reward points. |
The Canara Bank RuPay Platinum 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.