Unlock premium lounge access and comprehensive insurance through a fixed deposit.
Domestic & International lounge access
2RP/₹100 on POS and e-commerce transactions
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| Benefit | Details |
|---|---|
| Lifetime Free | Zero joining and annual fees. |
| Domestic Lounge | 2 complimentary visits per quarter. |
| International Lounge | 2 complimentary visits per year. |
| Reward Programme | 2 points per ₹100 on POS/e-commerce (₹0.25 per point). |
| Insurance Coverage | Fraud ₹5L; Purchase/Baggage ₹25K; Air accident ₹8L (self) / ₹4L (spouse); Non-air accident ₹4L (self) / ₹2L (spouse). |
| Credit Limit Range | ₹50,000 minimum to ₹50 lakh maximum per month. |
| Interest-free Credit | Up to 50 days when full balance paid on time. |
| Attribute | Classification |
|---|---|
| Issuer / Provider | Canara Bank |
| Bank / Non-bank | Nationalised Bank |
| Category | Secured / Credit-Building / Travel |
| Type of Card | Rupay Platinum Secured |
| Free or Paid | Lifetime Free (₹200 inactivity fee if annual turnover below ₹50,000) |
The Canara Bank Rupay Platinum Secured Credit Card is designed for individuals seeking to build or rebuild credit history without income documentation, whilst enjoying premium travel benefits typically found on higher-tier unsecured cards. With 2 domestic lounge visits per quarter and 2 international visits per year, it offers travel comfort rarely seen in the secured card category. The comprehensive insurance suite, covering fraud, purchases, baggage, air accidents, and non-air accidents, positions this as ideal for credit-builders and light travellers valuing protection alongside a cost-free, FD-backed solution.
FD Collateral: Card issued against Canara Bank fixed deposit; credit limit between ₹50,000 and ₹50 lakh per month.
Credit Limit Structure: 75% of FD value assigned as credit limit; cash withdrawal capped at 50% of credit limit or ₹50,000 (lower applies).
Rupay Platinum Offers: Access to exclusive Rupay Platinum programme benefits on dining, travel, and shopping.
Lounge Access: 2 domestic airport visits per quarter and 2 international visits per year via the Rupay Platinum programme.
Global Acceptance: Accepted domestically and internationally; activate international transactions via net banking, mobile banking, or branch.
Reward Redemption: Points redeemable at www.canararewardz.com for cashback or merchandise.
EMI Facility: Convert purchases through Canara ai1 app with flexible tenure options.
Standard Rate: 2 reward points per ₹100 on POS and e-commerce (₹0.25 value per point).
Platform: www.canararewardz.com for all redemption.
Options: Cashback against outstanding balance, merchandise catalogue, and gift vouchers.
Zero Costs: No joining or annual fees, lifetime free from day one.
Instant Access: Domestic lounge access and Rupay Platinum programme benefits activate immediately upon card activation.
The Canara Bank Rupay Platinum Secured Credit Card charges 1% fuel surcharge with a minimum ₹10 fee plus applicable taxes per fuel transaction.
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 charges. |
| Annual Fee | ₹0 | Lifetime free. |
| Enrolment Fee | ₹0 | No charges. |
| Criteria | Details |
|---|---|
Age | Typically 18+ |
FD Requirement | Active fixed deposit with Canara Bank. |
Income (Individuals) | Minimum ₹2 lakh gross annually. |
Income (Staff) | Minimum ₹60K annually, ₹4K monthly net. |
Credit Score | Usually, 700 and above is considered |
| Document Type | Details |
|---|---|
| Identity Proof | PAN, Aadhaar, Passport, DL, Voter ID. |
| Address Proof | Aadhaar, Passport, DL, recent utility bill. |
| FD Details | Fixed deposit account number and certificate. |
| Photographs | Passport-size. |
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 Rupay Platinum Secured Credit Card will be delivered to your registered address.
| Usage Tips | Details |
|---|---|
Build Credit | Use regularly and pay in full monthly to establish positive bureau records. |
Leverage Lounge Access | Use 2 domestic quarterly visits and 2 international annual visits for airport comfort. |
Maintain Annual Turnover | Keep spending above ₹50K yearly to avoid ₹200 inactivity fee. |
Earn Rewards | Use for POS/e-commerce to earn 2 points per ₹100; redeem at www.canararewardz.com. |
Maximise Interest-free Period | Pay full balance before due date for 20-50 days interest-free credit. |
Convert Large Purchases | Use Canara ai1 app for EMI conversion on significant transactions. |
Activate International Usage | Enable via net/mobile banking before any overseas travel. |
Monitor FD | Ensure FD remains active, closing requires clearing all outstanding dues first. |
The Canara Bank Rupay Platinum Secured 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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