Canara Bank Credit Cards

Canara Bank Credit Card Features and Benefits

Canara Bank credit cards offer a range of features and benefits designed to enhance the cardholder’s financial experience and provide added value.

1. Welcome Benefits: When you first get a Canara Bank Credit Card, you’ll earn a welcome reward such as bonus points or vouchers once you pay the joining fee of the card if it charges.

2. Reward/Cashback: Each time you make use of your Canara Bank Credit Card to purchase something, you are likely to receive perks like points or cashback. The amount you get back might vary depending on the card and what you buy.

3. Travel Goodies: Some of the Canara Bank Cards offer you the chance to make use of bonus points associated with travel, such as free access to airport lounges or discounts on hotels and flights.

4. Other Extras: You might even get the chance to enjoy benefits like not having to pay extra for fuel, protection from unauthorised transactions, and additional things.

Canara Bank Credit Card Rewards and Cashback

Canara Bank offers a wide range of credit card rewards and cashback for customers. There are different categories of rewards in each of the cards. Let’s check out in terms of each card and their reward offerings:

1. Classic VISA Credit Card:	Earn two reward points on spending INR 100 for shopping, travel, and other purposes. You also get 2 to 4 lakh of accident insurance coverage.
2. MasterCard World Credit Card:	Earn two reward points for every spent made of Rs.100 on your card for POS/E-Commerce
3. Rupay Platinum Credit Card:	You can receive 2 reward points for every spent of Rs.100 on your card for shopping, travel bookings, restaurant bills, utility bills, and other purposes.
4. Rupay Select Credit Card:	Earn amazing reward points for card usage of INR 100 and above for commercial purposes.
5. Standard MasterCard Credit Card:	Get cashback on every penny spent on the card for mobile recharges and paying utility bills.
6. VISA Gold Credit Card:	Earn up to 8 lakhs as accidental coverage for spouse and children of card holder. Also, receive cashback on purchases made on the card for INR 100 and above.
7. VISA Secured Credit Card:	You can earn 2 reward points for spending on the card INR 100 and above for shopping and other commercial purposes.
8. VISA Corporate Credit Card:	Earn two reward points for every spent made of Rs.100 on your card for POS/E-Commerce
9. Canara JCB Platinum Credit Card:	Earn 2 reward points for every spent of Rs.100 on your card for commercial purposes.
10. Canara MasterCard Titanium Credit Card:	Earn two reward points for every spent made of Rs.100 on your card for POS/E-Commerce

How To Earn and Redeem Canara Bank Credit Card Reward Points?

There are various ways through which you, as a Canara Bank Credit Card holder, can earn and redeem the reward points. Let’s check what is there in detail.

Earn Credit Card Rewards:

• Whenever you use your credit card, you are most likely to earn good points and rewards. 
• Also, you must remember that the bank has set limits on redeemable reward points. For cashback, you can redeem up to 1000 reward points. Whereas, for the purchase of goods and services, you will have a limit of 100 reward points per transaction.
• The value for each reward point is 0.25. This suggests that if a cardholder has 4 reward points, it is equal to INR 1.
• A cardholder earns 2 reward points for every INR 100 spent on the card.
• Additionally, stay alert for promotional offers to earn bonus reward points. You can also collect extra points by paying limited-time utility bills, doing recharges, and more.

Redeem Credit Card Rewards:

• Step 1: Log in to the Canara Bank membership platform. 
• Step 2: There are several categories for reward point redemption. Choose your category.
• Step 3: Now, choose the product or service which you want for the redemption of the reward.
• Step 4: Click on it and pay for the purchase.
• Step 5: Once paid, reward points will be credited to your online account associated with Canara Bank credit cards.

Canara Bank’s Credit Card Eligibility Criteria

To have a Canara Bank credit card, you have to fulfil certain eligibility criteria. The requirements differ from one card to another, however, there is a standard criteria which Canara Bank follows for its customers.

1. Credit Score: Canara Bank generally wants to see a good or high credit rating which is around 700-750, when considering an application for a credit card. Though there may be differences in the points demanded by every lender, a higher credit score indicates positive credit and increases the likelihood of approval.

2. Minimum Gross Annual Income Requirement: First of all, the applicant needs to apply for the Canara Bank credit card and to be qualified, the candidate must have a gross monthly income of not less than Rs. 100,000. The employment criterion also guarantees the applicant’s ability to maintain credit card expenditures, proving the stability of income.

3. Account in Canara Bank: The requirements to qualify for a Canara Bank credit card are yet another factor where the holder must be a customer of Canara Bank. This requirement helps to ensure the proper consideration of the initial screening of credit card applications by facilitating the loyalties of existing customers as a possible way to offer them certain perks.

4. Active Mobile Connection: Other requirements include active mobile connectivity to receive messages, offers and promotions from the credit card company. This is important in offering transactional notices, payment notices, and other related communications concerning the credit card account. Holding an active mobile connection is beneficial to cardholders because it is used to notify them of their financial movements and account activities on time.

5. Requirement for PAN: Furthermore, contenders should produce a PAN card, which is a Permanent Account Number issued by the Income Tax Department of India. A PAN card is an important card for various operations, including the application for a credit card. The PAN card is essentially an identification number for various financial operations. It is also useful to Canara Bank in the process of checking the applicant’s identity as well as in meeting legal requirements.

6. Employment Stability: Applicants applying for the salaried option also have to meet requirements on employment stability like having a specified number of years or months with the current employer. If you are self-employed, you may need to show consistency in your trade and the receipt of regular trade profits.

7. Age Requirement: Such applicants must have reached the age of majority as per the Indian legal system. However, some credit card suppliers allow additional cardholders to be below the age of 21 or even 18 years.

8. Legal Capacity: Applicants must have legal capability to engage in the credit agreement process which usually is an exception to individuals who are under legal guardianship and people under legal limitations.

Documents Required For Canara Bank Credit Card Approval

The following documents need to be handy for you when you are willing to apply for a Canara Bank Credit Card.

1. Identity Proof: Proof of identity like Voter ID card/Passport/Driving license/Photo ID issued by Govt.
2. Address Proof: Proof of identity like Voter ID card/Passport copy/driving license, etc.
3. Income Proof: PAN card (Form 60 if PAN is not available). Income proof like salary slip or income tax returns (form 16) for self and co-applicant. Bank statements are also important documents for credit card approval.
4. Recent Photographs: Two passport-size photographs are essential for identification purposes.

Canara Bank Credit Card Annual Fees and Charges

1. Classic VISA Credit Card:

Annual Fee:

Nil

2. MasterCard World Credit Card:

Annual Fee:

Nil

3. Rupay Platinum Credit Card:

Annual Fee:

Nil

4. Rupay Select Credit Card:

Annual Fee:

Rs. 1,999

5. Standard MasterCard Credit Card:

Annual Fee:

Nil

6. VISA Gold Credit Card:

Annual Fee:

Nil

7. VISA Secured Credit Card:

Annual Fee:

Nil

8. VISA Corporate Credit Card

Annual Fee:

Rs. 250/ including GST charges

9. Canara JCB Platinum Credit Card:

Annual Fee:

Nil

10. Canara MasterCard Titanium Credit Card:

Annual Fee:

Nil

Credit cards of Canara Bank also charge extra fees such as international transaction fees, card loss fees, late renewal fees, and so on. So, do check the Canara Bank credit card deals before using a card.

How To Activate Canara Bank Credit Cards?

Canara Bank credit card activation follows a simple and structured process. Here’s a detailed guide on it:

1. Contact Customer Care:

• Dial the customer care number of Canara Bank to make the credit card functional.
• Fill in the details like the card details, personal information, and any security check that is needed to proceed.
• A customer care representative shall then assist you in completing a simple sign-up process to enable you to activate your card instantly.

2. Activate via ATM

• It asks the customer to visit the nearest Canara Bank ATM.
• Put your credit card in the appropriate slot in the ATM machine.
• Choose from the main menu an item like ‘credit card activation’.
• See a set of instructions on the screen and follow them to complete the activation process.
• At this stage, your Canara Bank credit card is now live and available for usage to enable you to access credit whenever required.

Canara Bank Credit Cards Login/Net banking

Here are the steps to log in to your IndusInd Bank credit card account through internet banking:

• Step 1 : Go to the Official Website: Open the web browser and enter the address https://netbanking.canarabank.in/entry/ENULogin.jsp.
• Step 2: Locate Login Option: Access Canara Bank’s net banking Login page by navigating to the home page of Canara Bank’s net banking portal and looking for the login options. This may be done by displaying it in a highly visible manner or through a “Login” option.
• Step 3: Fill up your Credentials: Enter your user ID and password in the required boxes. In case it’s the first time you are using the application, you might be required to activate the net banking and provide your credentials for an account to be created.
• Step 4: Make access to your Account: After signing in, customers can access information under credit cards, including statements, transactions, rewards, and other services related to a Canara Bank credit card
• Step 5: Check for Security Measures: It is important to ensure that you are using a secure internet when accessing your online banking account. Thirdly, it is prohibited to disclose your account details to third parties to avoid security breaches.

How To Compare Card Credit Cards and Choose The Best One?

Choose your main motivation for getting a credit card. Do you want to get rewards or cash back or low rates or certain services like shopping rewards or travel rewards? Look at the different credit cards that are in the market today.
Research the websites of various banks and financial institutions and learn about what they have to offer. Be sure to compare factors like rewards programs, interest rates, fees, and other added benefits.
Read also each card’s eligibility section to determine income thresholds, credit score restrictions, and residency requirements. Select a card that best suits you and your spending and living patterns.
Travelers should opt for credit cards with travel-specific rewards and perks. If you like cashback, then get cards that provide high cashback on the type of spending that you’re doing the most.
Search for some feedback and reviews from other cardholders to be able to see their level of customer satisfaction and even the convenience and experiences they gained from using the card and the issuer.

Conclusion

To sum up, Canara Bank offers some of the most extensive credit card options for its users. You need to choose the one you are likely to afford. To do so, ensure to check the eligibility criteria, reward points, fees and chargers, and other additional points before purchasing. The check is done through customer feedback and reviews help in deciding which credit card is best for your requirements.

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