Classic VISA Individual Credit Card

  • Joining Fee: Nil
  • Renewal Fee: Nil
  • Best Suited For: Shopping
  • Reward Type: Reward Points
  • Welcome Benefites: N/A
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Canara Bank, being a popular and trusted bank in India, also offers great credit card services to its customers. One of the most basic yet advantageous cards issued by the Canara Bank is the Canara Bank Visa Classic/MasterCard Standard Credit Card. As suggested by its name, it comes in two variants namely Visa Classic and MasterCard Standard, but the features of both the variants are exactly the same. This card comes with a zero annual fee and hence is a choice for thousands of people who want to start their credit journey with a basic lifetime free card. The card is very similar to the Canara Bank RuPay Select Credit Card, which is also a zero annual fee credit card and offers a similar reward rate. With this card, you can earn 2 Reward Points on every Rs. 100 you spend. Moreover, the Visa Classic/MasterCard Standard Credit Card also provides you with some complimentary insurance covers. For further information regarding this card, its features, and fees & charges, keep reading:

New Features

Spend Based Waiver

Nil


Interest Rates

2.5% per month or 30% per annum.


Add-on Card Fee

Nil

Rewards Redemption Fee

Nil


Fuel Surcharge

2.5% fuel surcharge waiver on all fuel transactions worth Rs. 400 or more. The maximum waiver is capped at Rs. 100 per month.

Foreign Currency Markup

3% on all foreign transactions


Cash Advance Charges

3% of the withdrawn amount subject to a minimum of Rs. 30 for every withdrawal of Rs. 1,000 (for Canara Bank ATMs) and different for other banks' ATMs.

Movie & Dining

N/A


Travel

N/A


International Lounge Access

N/A

Rewards Rate

2 Reward Points on every spend of Rs. 100.


Golf

N/A


Insurance Benefits

You get an air accident cover worth Rs. 4 lakhs, baggage insurance cover worth 25,000, and a purchase protection cover worth up to Rs. 25,000.

Reward Redemption

The earned Reward Points are redeemable against a host of options at a rate of 1 Reward Point = Re. 0.25.


Domestic Lounge Access

N/A


Zero Liability Protection

The cardholders won't be liable for any fraudulent transactions made via the Canara Bank Visa Classic/MasterCard Standard Card if the loss is reported to the bank in a timely manner.

Pros

N/A

Cons

N/A

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