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Canara Bank RuPay Select Credit Card

Introducing the Canara Bank RuPay Select Credit Card, a no-cost-for-life solution. In collaboration with RuPay, a top-tier domestic payment platform, this card brings rewards your way, granting 2 points for every Rs. 100 spent (equivalent to Rs. 0.25 per point). Delight in added perks such as personal accidental death coverage and permanent liability insurance.

Key Highlights of Canara Bank RuPay Select Credit Card

Experience exclusive advantages when you opt for the Canara Bank RuPay Select Credit Card.

  1. Canara Bank RuPay Select Credit Card: No joining or annual fee.
  2. Earn 2 reward points for every Rs. 100 spent.
  3. Enjoy comprehensive insurance coverage up to Rs. 10 lakhs.

Features and Benefits of Canara Bank RuPay Select Credit Card

The Canara Bank RuPay Select Credit Card presents a multitude of distinctive features and advantages.

1. Global Validity: Available worldwide.
2. Credit Card Limit: Spans a spectrum from ₹100,000 to ₹5,000,000.
3. Revolving Credit Facility:  Available.
4. Repayment Facility: Through alternate banking channels.
5. Cash Withdrawal: Available with service charges at ₹30 per ₹1000 or part thereof.
6. Inactivity Fee: If your yearly turnover is less than ₹1,00,000, the annual fee is ₹300.
7. Insurance Cover for Death due to Personal Accident:

AIR Accident:

  • ₹8.00 lakhs for self.
  • ₹4.00 lakhs for spouse.

Other than Air Accident:

  • ₹4.00 lakhs for self.
  • ₹2.00 lakhs for spouse.

8. Lost Card Liability: In excess of ₹1000 from the time of reporting loss.
9. Baggage Insurance & Purchase Protection Cover: ₹25,000 each.

10. Reward Points from Loyalty Rewards:

  • 2 points for every ₹100 transaction.
  • Value: ₹0.25 per point.

11. Maximum Credit Limit:

  • Rs.50,00,000 per month.
  • Minimum limit: Rs.1,00,000.

12. Interest-Free Credit: Up to 50 days.
13. Easy EMI Conversion: Through Canara Saathi and Canara ai1 app.
14. ATM Cash Withdrawal & Non-Financial Services: Available.
15. Exclusive Merchant Offers: Available.
16. Rewards Points for Transactions: For every PoS/e-commerce transaction.
17. Complimentary Insurance Benefits: Included.
18. 24X7 Concierge Services: Provided.
19. Domestic & International Lounge Access: Included.

Canara Bank RuPay Select Credit Card Fees and Charges

Discover the Canara Bank RuPay Select Credit Card’s fee arrangement and uncover its accompanying financial benefits.

  1. The Canara Bank RuPay Select Credit Card comes with no joining fee.
  2. Annual fee is zero, offering affordability.
  3. Cash withdrawal fee is 3% of the transaction amount, with a minimum of Rs.30 per Rs.1,000.
  4. If your yearly turnover falls under Rs.10,000, you’ll be charged an annual inactivity fee of Rs.300.

Eligibility Criteria for Canara Bank RuPay Select Credit Card

Below are the crucial requirements for applying for a Canara Bank RuPay Select Credit Card:

  1. Achieve financial independence with a minimum individual gross income of ₹3.34 lakh per annum.
  2. Staff members need a minimum annual gross income of ₹60,000 and a net take-home salary of at least ₹4,000 per month.

Documents Required for Canara Bank RuPay Select Credit Card

To request a Canara Bank RuPay Select Credit Card, you’ll usually have to furnish the following paperwork:

1. Identity Proof Options:

  • PAN Card
  • Aadhar Card
  • Voter ID
  • Passport
  • Driving Licence

2. Address Proof Options:

  • Aadhar Card
  • Voter ID
  • Passport
  • Driving Licence
  • Rent agreement
  • Utility bills
  • Municipal or property tax receipt
  • House allotment letter by central or state government

3. Income Proof for Salaried Employees:

  • Salary slip of the last two months
  • Bank statement reflecting salary credits

4. Income Proof for Self-Employed Individuals:

  • Latest Income Tax Return (ITR)

How to apply for Canara Bank RuPay Select Credit Card?

Here’s a streamlined guide to successfully apply for the Canara Bank RuPay Select Credit Card:

  1. Navigate to Canara Bank’s official website.
  2. Check out the ‘Personal Banking’ area and find the ‘Card Services’ section.
  3. Choose ‘Credit Cards’ from the menu.
  4. Find ‘Application Forms’ and click on it.
  5. Choose either Hindi or English format according to your preference.
  6. Download and print the selected form.
  7. Complete the application form with accurate details.
  8. Gather all necessary documents for attachment.
  9. Take the completed form along with the required documents to the closest Canara Bank branch and hand them in.

Frequently Asked Questions (FAQs) –

1. What is the Canara Bank RuPay Select Credit Card?

The Canara Bank RuPay Select Credit Card is a premium credit card offered by Canara Bank in association with RuPay. It is designed to provide cardholders with exclusive benefits and privileges, including rewards, travel benefits, and lifestyle perks.

2. How can I apply for the Canara Bank RuPay Select Credit Card?

To apply for the Canara Bank RuPay Select Credit Card, you can visit the official Canara Bank website or visit a nearby Canara Bank branch. The application process typically involves submitting the required documents and meeting the eligibility criteria set by the bank.

3. What are the eligibility criteria for the Canara Bank RuPay Select Credit Card?

Eligibility criteria may vary, but generally, individuals with a stable income, a good credit score, and who meet the bank’s specific requirements can apply for this credit card. It’s recommended to check with Canara Bank for the most up-to-date eligibility criteria.

4. What are the key features of the Canara Bank RuPay Select Credit Card?

The Canara Bank RuPay Select Credit Card comes with features such as reward points on spending, airport lounge access, travel benefits, insurance coverage, and more. Check the official Canara Bank website or the credit card brochure for detailed information on features.

5. What rewards and benefits does the Canara Bank RuPay Select Credit Card offer?

The credit card typically offers rewards points on every transaction, which can be redeemed for various options such as merchandise, vouchers, or travel bookings. Additionally, cardholders may enjoy exclusive travel benefits, lounge access, and other lifestyle privileges.

6. How can I check my Canara Bank RuPay Select Credit Card statement?

Cardholders can check their credit card statements through the Canara Bank online banking portal or mobile app. The statements provide a detailed overview of transactions, outstanding balances, due dates, and other relevant information.

7. Is there an annual fee for the Canara Bank RuPay Select Credit Card?

Credit card fees and charges may vary. It’s recommended to check the official Canara Bank website or contact the bank directly for the most up-to-date information on annual fees, joining fees, and other charges associated with the RuPay Select Credit Card.

8. What is the credit limit on the Canara Bank RuPay Select Credit Card?

The credit limit granted on the Canara Bank RuPay Select Credit Card depends on various factors, including the applicant’s creditworthiness, income, and other financial parameters. The bank determines the credit limit during the application process.

9. How can I redeem the reward points earned on my Canara Bank RuPay Select Credit Card?

Typically, Canara Bank provides multiple redemption options for the accumulated reward points, including merchandise, vouchers, travel bookings, and more. Cardholders can log in to their online account or contact the bank’s customer service for information on the redemption process.

10. How do I report a lost or stolen Canara Bank RuPay Select Credit Card?

In case your credit card is lost or stolen, it’s crucial to report it to Canara Bank immediately. You can contact the bank’s customer service helpline or visit the nearest branch to report the loss and request a replacement card.