Canara Bank VISA Corporate Credit Card

Joining fee

₹250 to join.₹250 enrollment fee (main card)

Renewal feeAnnual fee

₹400 a year.₹400, only for add-on cards

Add-on card fee

Annual Fee (Only for Add on Cards) ₹400

Reward rate

No reward points (Not Applicable)

Reward exclusionsReward capsWhat one reward unit is worthPoint expiry

Not offered: Reward Points (Not Applicable)

Cashback redemptionCatalogue redemptionStatement-credit redemption

Not offered: Options to Redeem Reward Points (Not applicable on Corporate Credit Cards)

Domestic lounge accessInternational lounge access

Not offered: Lounge Access (Not available)

Minimum spend rules

Not offered: Expected minimum Annual Turnover on Card (Not Applicable); Inactivity Fee (If annual Turnover is not met) NIL

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

Not offered: EMI Conversion (Not Applicable for Corporate Credit Cards)

Add-on card eligibility

Corporate credit card can be issued with at least one Add-on card subject to a minimum limit of ₹50,000 and a maximum of ₹25 crores. For Add-on card, minimum is ₹10,000 and maximum is ₹5,00,000.

Forex markup

3% on foreign currency transactions.

Cash advance fee

3% of transaction amount subject to a minimum of ₹150, plus finance charges from date of withdrawal till date of payment

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 (minimum of 20 to maximum of 50 days)

Late payment fee

Late payment fee of ₹250 + GST, in addition to service charges (2.5% p.m., 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

Issued only to the bank's customers after KYC; the firm's minimum annual turnover should be ₹10 crores (below that, a secured card against lien on the company's fixed deposit can be sanctioned)