Canara Bank RuPay Select Credit Card

Not rated yet - COFFER rates a card only after reading every document the bank publishes for it. How we rate

Open to new applications · Earns points

First-year fee

₹0

NIL

Annual fee

₹0

NIL

What it gives back

2 points per ₹100 · everyday spends

Read from 1 Canara Bank document, last checked 19 Oct 2026.

Our calculation

0.5% value back

Every ₹1,00,000 spent at this rate earns about 2,000 points, worth about ₹500 at the value Canara Bank states for a point.

Canara Bank's rate: “2 points for every ₹100 of purchases/payments” Proof

The bank’s words

“Reward Points from M/s Loyalty Rewards 2 points for every ₹.100/- transaction for purchases/ payments.”

Canara Bank's point value: “Each point is worth ₹0.25” Proof

The bank’s words

“Reward Points from M/s Loyalty Rewards 2 points for every ₹.100/- transaction for purchases/ payments. Value of each point is ₹. 0.25/-.”

How it compares

Compared with the cards we have read

No annual fee: one of 78 cards that state none, out of the 274 open cards whose annual fee we have read.

0.5% value back by our calculation: of the 49 other open cards we can work this out for, 20 return less, 17 return the same and 12 return more.

Fees

Rewards

Reward rate
2 points per ₹100 · everyday spends2 points for every ₹100 of purchases/payments.
Online earning
Reward Points for every PoS / e-commerce transaction.
Reward earning on dining spends
5% Cash Back Offer on Eating Places & Restaurants - capped at ₹50 per month.
Utilities earning
5% Cash back on payment of Utility Bills applicable for both online and PoS terminals capped at ₹. 50 per month
Catalogue redemption
Each point is worth ₹0.25.

Card benefits

Domestic lounge access
Two Free Access per quarter. Cove₹30 Lounges across 11 cities in India.
International lounge access
Two Free Access per year - cove₹500+ Lounges across 300+ cities worldwide.
Concierge
24X7 Assistance - Referral and Reservation Services - Hotel, Dining, Car Rental, International Travel.
Minimum spend rules
Inactivity fee ₹300 per annum if the turnover is below the threshold limit of ₹1,00,000 per year (card not used for a minimum annual turnover)

Also included

Fuel surcharge waiver
Maximum of ₹100/- for the billing month would be reimbursed in the upcoming billing month
Air accident cover
₹8.00 lakhs for self
Lost card liability
Lost card liability: in excess of ₹1000 from the time of reporting of loss of card.
Purchase protection
Purchase protection cover: Up to ₹25,000
Travel insurance
Baggage Insurance Up to ₹25,000
Purchase to EMI conversion
Easy EMI conversion through the Canara ai1 app; interest on EMI 13% p.a. for EMI period of 3, 6 and 9 months and 14% p.a. for EMI period of 12, 18 and 24 months.

Charges

Forex markup
Upto 3% of transaction Amount
Cash advance fee
3% of the transaction amount, subject to a minimum of ₹150
Cash advance interest
Finance charges apply from the date of withdrawal till the date of payment
Interest on unpaid balance
2.50% p.m. (Annualized Percentage Rate 30%)
Interest-free period
Upto 50 days of interest free credit
Late payment fee
Late payment fee of ₹250/- + GST
Payment return or dishonour fee
₹50 for cheque dishonor or unsuccessful payment instructions.
Statement or duplicate statement fee
₹10 per page for a duplicate statement.
Card replacement fee
₹300 per card (applicable for both primary and addon card)
EMI conversion fee
EMI processing fee: 2% of transaction amount with minimum of ₹100 and Maximum of ₹200; pre-closure penal charges: 2% of outstanding principle
GST note
All the above listed charges exclude GST; 18% GST will be charged extra
Minimum amount due
5% of total outstanding amount (Min. ₹100) + all applicable charges/fees/taxes + EMI (in cases of EMI availed by card holder) + over the limit amount (if any)

Eligibility

Income requirement
Independent income with a minimum of ₹10 lakh gross per annum for individuals

How we know - 1 documents from Canara Bank, checked 19 Oct 2026

1 document from Canara Bank, checked 19 Oct 2026.

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