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Canara Bank VISA Classic Credit Card
Canara Bank

Canara Bank VISA Classic Credit Card

Checked against Canara Bank's 3 documents for this card on 02 Nov 2026
COFFER Safety Stars4 of 5See the five checks
Interest
1 of 1
Foreign spends
0 of 1
Spend fees
None1 of 1
Clarity
The bank's documents answer 11 of 11 cost questions1 of 1
Fine print
No gaps found1 of 1

Rated 09 Nov 2026 after reading every document the bank publishes for this card. Not a recommendation. How we rate

Open to new applications · Earns Points

First-year fee

₹0

Annual fee

₹0

What it gives back

2 Points per ₹100 · everyday spends

Read from 3 Canara Bank documents, last checked 8 Nov 2026.

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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 per every ₹100 spent on POS/ E-Commerce” Proof
The bank’s words

“Reward Points 2 Points per every ₹100/- spent on POS/ E-Commerce”

Canara Bank's point value: “Value of each reward point is Rs. 0.25” Proof
The bank’s words

“Value of each reward point is Rs. 0.25”

How it compares

Compared with the cards we have read

No annual fee: one of 130 cards that state none, out of the 448 open cards whose annual fee we have read.

3% forex markup: of the 480 other open cards whose forex markup we have read, 109 state a lower one, 35 state the same and 336 state a higher one.

0.5% value back by our calculation: of the 90 other open cards we can work this out for, 33 return less, 40 return the same and 17 return more.

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Fees

  • Joining fee

    ₹0

  • Annual fee

    ₹0

  • Add-on card fee

    Annual Fee: Canara Card Visa Classic/MasterCard Standard (Main & Add on): NIL.

Rewards

  • Reward rate

    2 Points per ₹100 · everyday spends2 Points per every ₹100 spent on POS/ E-Commerce.

  • 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 reward point is ₹0.25.

  • Cashback redemption

    Cashback or Goods Purchase through (www.canararewardz.com)

  • Catalogue redemption

    Goods Purchase through (www.canararewardz.com)

  • 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.

Card benefits

  • Domestic lounge accessInternational lounge access

    Not offered: Lounge Access (Not available)

  • Minimum spend rules

    Expected minimum annual turnover on card ₹12,000; inactivity fee ₹100 if annual turnover is not met

Also included

  • 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

    Air accident cover: ₹4.00 lakhs for self, ₹2.00 lakhs for spouse.

  • Insurance benefit

    Accident Cover (Other than Air Accident): ₹2.00 lakhs for self, ₹1.00 lakh for spouse.

  • Lost card liability

    Fraudulent Charge Cover ₹2,00,000

  • Purchase protection

    Purchase Protection Cover Upto ₹25,000

  • Travel insurance

    Baggage Insurance Upto ₹25,000

  • 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.

Charges

  • Forex markup

    3% on foreign currency transactions.

  • Cash advance fee

    ₹30 per ₹1000 withdrawn

  • Interest on unpaid balance

    2.5% Per Month or 30% Per Annum of the outstanding Amount.

  • Interest-free period

    Upto 50 days till next Payment Due Date

  • Late payment fee

    Late payment fee of ₹250 + GST

  • Statement or duplicate statement fee

    ₹10 per page

  • EMI conversion fee

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

Eligibility

  • Income requirement

    Independent income with a minimum of ₹2 lakh gross per annum for individuals

Ways to redeem your points

  • Cashback credited automatically

    “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.” Proof

  • Cashback against your bill

    “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.” Proof

Points expiring? Use Expiry Rescue

How we know - 3 documents from Canara Bank, checked 8 Nov 2026

3 documents from Canara Bank, checked 8 Nov 2026.

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