Best Canara Bank Credit Cards 2024- Offers & Benefits!

Canara Bank was founded as 'Canara Bank Hindu Permanent Fund' in 1906 and became as 'Canara Bank' in 1969 after nationalization. With a mission to provide quality banking services and create value for all the customers, the bank today has around 6310 branches with more than 8851 ATMs in India and overseas. Amongst all the services the bank offers, this article will particularly highlight about the Canara bank credit cards.

The credit cards Canara bank offers are designed to meet the daily lifestyle and needs of the people. It is also known for its excellent customer services. Let's take a look at different types of credit cards the bank offers.

Features of Canara Bank Credit Card

• The Canara bank has its own rewards program for credit card users. A certain amount of reward points is awarded for using the card to carry out transactions. These rewards are to be collected by the user and redeemed in exchange for gifts, vouchers and discount coupons.
• You will be applicable for a zero cost liability in case you lose your credit card.
• The bank provides free accident insurance to the card user as well as the spouse.
• You’ll receive SMS notifications for all your card transactions.
• The Canara bank doesn’t charge an annual fee from its cardholders.

Top Credit Cards by Canara Bank

1. Canara Global Gold Credit Card

• All the Canara credit card users can enjoy zero annual fees
• Earn 2 reward points for every Rs. 100 you spend
• Get a 2.5% fuel surcharge waiver at all gas stations in India
• Get complimentary accident insurance for the cardholder as well as the spouse
• Travel safe with a baggage insurance of up to Rs. 50,000

Features of Canara Global Gold Credit Card

Canara Gold Card is designed to meet your high-end lifestyle. No matter if you are in India or abroad, this card offers luxury and comfort at hand.

Here are the few details about the Canara Global Gold Credit Card-

2. Canara VISA Classic/MasterCard Standard Global Card

The benefits of Canara VISA Classic/MasterCard Standard Global Card are-

• Collect 2 reward points for every Rs. 100 you spend
• Avail an interest-free period of up to 50 days
• Get a 2.5% fuel surcharge waiver at all gas stations in India
• Add an Add-on card for a family member free of cost

Features of Canara VISA Classic/MasterCard Standard Global Card

This card has payment network of both VISA international/ MasterCard, so it is accepted worldwide.

Here are the few details about Canara VISA Classic/MasterCard Standard Global Card-

Canara Bank Credit Card Statement

You will be receiving the credit card statement every month. The statement will contain all the records and transactions of your previous month. You will receive the statement either via courier or through an email based on the option you’ve chosen. The credit card statement needs to be checked thoroughly.

Canara Bank Credit Card Customer Care Number

You can Call the customer care representative on the given toll-free number-

• MasterCard - 1800 425 0018
• VISA Credit Cards - 1800 222 884

FAQs

1. Does Canara Bank offer multiple credit cards?

A: Yes, Canara Bank offers its customers multiple credit cards with different types of facilities. The cards provided by Canara Bank are as follows:

• Canara VISA Classic/MasterCard Standard Global Card
• Canara VISA Classic/MasterCard Standard Global Card
• Canara Global Gold Credit Card

2. Are there any particular criteria that I must meet to get the Canara Global Gold Credit Card?

A: Yes, the Canara Global Gold Credit Card is usually applied by individuals who have high flying lifestyles. Hence, you need to fall in the higher income bracket, and also produce an income certificate to prove. Individuals earning at least Rs.2 lakhs per annum can apply for the card.

3. Is there any time limit for the interest-free credit period with the bank?

A: With Canara credit cards, you will get 50 days extra to make payments for your purchases in the given billing month. These 50 days will be interest-free.

4. Is there any penalty levied if I miss paying a bill?

A: The bank will charge a penalty of 2% + GST on the billing amount for missing the bill payments (on the given month). Moreover, they will also suspend your card, and you will not be able to make further transactions unless you clear all pending payments.

5. How will I receive the credit card statement?

A: The bank will mail the credit card statement to your postal address, or they will send an e-statement to your email ID. Give instructions to the bank on how you would like to receive it.

6. What is the eligibility criterion for Canara VISA Classic/MasterCard Standard Global Card?

A: You will have to produce an income statement showing that you earn a minimum income of Rs. 1 lakh per annum. The card comes with a limit of Rs.10,000. However, it important to know that - with an increase in income, the Credit Limit on your credit card will increase.

7. What is the payment due date for the credit cards?

A: The Canara Bank Mastercard credit cards are billed on the last working date of every month. The Visa cards are billed on the 20th of every month. You are expected to clear all credit card dues by the 10th of the next month.

8. Is there an auto-debit facility available with the credit cards?

A: Yes, you can activate the auto-debit Facility on your card. For this, you will have to instruct the bank first.

9. What are the documents required to apply for the card?

A: Some of the documents that you will require to apply for a credit card with Canara Bank are as follows:

• Address proof - Aadhar card, passport, driving license, or other similar documents.
• Copy of your PAN Card
• Passport size photo
• Salary certificate
• Copy of your IT returns.

The bank might ask for other documents as well, depending upon its requirements.

10. Is there any reward points awarded to credit card holders?

A: Yes, Canara Bank awards reward points to its cardholders based on the transactions made and the type of card. For example, for the Canara VISA Classic/MasterCard Standard Global Card, you will receive two reward points for every Rs.100 that you spend.