Canara Bank RuPay Select Secured Credit Card

Joining feeAnnual feeRenewal fee

₹0

Add-on card fee

₹400.

Welcome benefit

Welcome Offer * ₹500 Gift Voucher from Croma (Infiniti Retail Ltd.) * Discount Coupon from Apollo Pharmacy.

Reward rate

2 points per ₹100 · everyday spends2 points for every ₹100 transaction for purchases/ payments. Value of each point is ₹0.25.

Reward exclusions

Two reward points will be earned on every ₹100 spent on credit cards (not applicable on fuel transactions and cash withdrawals)

Reward caps

Reward points earned (by Retail/ Corporate Credit Cards) will be capped at 10,000 per billing cycle. The capping is not applicable in case of bank run campaign enabling additional reward points

What one reward unit is worth

Value of each point is ₹. 0.25.

Cashback redemption

Cashback or Goods Purchase through (www.canararewardz.com) or Canara ai1 app.

Catalogue redemption

Goods Purchase through (www.canararewardz.com) or Canara ai1 app.

Statement-credit redemption

They can also opt for cashback with minimum of 1000 points in multiples of 100, which will be credited to Credit card in the subsequent month statement.

Point expiry

Validity of reward points is 3 years from the date of accrual.

Domestic lounge access

Complimentary Airport lounge access: Domestic Airport Lounge Access 2 per Qtr for Self.

International lounge access

Complimentary Airport lounge access: International Airport Lounge Access 2 per Year for Self.

Concierge

24X7 Concierge Services

Minimum spend rules

Card Inactivity Fee ₹300, applicable only if the card turnover during the card year is less than ₹. 1,00,000

Fuel surcharge waiver

Fuel Surcharges at petrol pumps: Maximum of ₹100/- for the billing month would be reimbursed in the upcoming billing month in the following cases: Card should have been used for a minimum amount of ₹. 2500/- for purchase transactions during the billing month; Minimum purchase of petrol & petroleum products per occasion (ticket size) for reckoning under this scheme is ₹.400

Surcharge on railway tickets

Railway tickets at railway counters and on www.irctc.co.in: ₹. 30 plus 2.5% of transaction amount; 1% of transaction amount plus all applicable taxes

Air accident cover

Insurance cover for Death due to Personal Accident for card holder and spouse: AIR Accident ₹8.00 lakhs for self, ₹4.00 lakhs for spouse.

Insurance benefit

Insurance cover for Death due to Personal Accident for card holder and spouse: Other than Air Accident ₹4.00 lakhs for self, ₹2.00 lakhs for spouse.

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

Add-on card eligibility

Add on Cards can be issued to other joint depositors.

Purchase to EMI conversion

Easy EMI Conversion through Canara ai1 app. Rate of 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.

Forex markup

Upto 3% of transaction Amount

Cash advance fee

3% of transaction amount subject to a minimum of ₹150 and the finance charges from date of withdrawal till date of payment (Canara Bank ATMs; other banks' ATMs attract extra charges)

Interest on unpaid balance

2% per month or 24% per annum of the outstanding amount (Canara rate for secured credit cards)

Interest-free period

Minimum of 20 to and maximum of 50 days

Late payment fee

Late payment fee of ₹250 + GST will be charged, this is in addition to existing service charges (2.5% p.m. i.e. 30% per Annum) on carried over balance

EMI conversion fee

Easy EMI Conversion through Canara ai1 app EMI Conversion Charges: Min: ₹100/-, 2% of Transaction Value and Max: ₹200/-.

Eligibility

Secured credit Card is issued to individuals against Deposits standing in the name of the applicant.