Canara Bank RuPay Platinum Credit Card

Canara Bank’s RuPay Platinum credit card stands as a straightforward choice, with no joining or renewal fees. Resembling the RuPay Select credit card in rewards and benefits, we explored the Select card in a previous post. The Platinum card boasts a 0.5% reward rate and travel perks, such as an Rs. 8 lakh personal air accident cover.

Key Highlights of Canara Bank RuPay Platinum Credit Card

Unlock unparalleled benefits with the Canara Bank RuPay Platinum Credit Card.

  1. No joining or annual fees for the Canara Bank RuPay Platinum Credit Card.
  2. Earn 2 reward points for every Rs. 100 spent using the card.
  3. Benefit from comprehensive travel insurance, providing coverage of up to Rs. 8 lakhs.

Features and Benefits of Canara Bank RuPay Platinum Credit Card

The Canara Bank RuPay Platinum Credit Card offers several features and benefits:

1. Reward Points Benefits:

  • Earn 2 reward points on all purchases, including E-commerce transactions of Rs.100 or more.

2. Insurance Benefits:

  • Lost Card Liability: Coverage for amounts exceeding Rs.1,000 from the time of reporting.
  • Baggage Insurance: Enjoy coverage up to Rs.25,000.

3. ATM Benefits:

  • International ATM Access provided.
  • Cash advance facility at any Canara Bank ATM.

4. Other Benefits:

  • Minimum payment of 5% of the bill, with a minimum of Rs.100.
  • Unpaid amount incurs a 2.5% monthly interest charge.
  • Cash withdrawal limit: 50% of the credit card limit, up to a maximum of Rs.50,000 per billing cycle.

Canara Bank RuPay Platinum Credit Card Fees and Charges

Explore the fee structure for the Canara Bank RuPay Platinum Credit Card and discover the financial advantages that come with it.

  1. No joining fee required.
  2. Annual fee is waived.
  3. Finance charges are 2.5% per month or 30% per annum.
  4. Late payment fee is 2% of the amount due, with a minimum of Rs. 10 and a maximum of Rs. 150.

Eligibility Criteria for Canara Bank RuPay Platinum Credit Card

Here are essential criteria for applying for an Canara Bank RuPay Platinum Credit Card:

  1. Achieve financial independence with a minimum annual gross income of ₹1.67 lakh for individuals.
  2. Staff members require a minimum annual gross income of ₹60,000 and a net take-home salary of at least ₹4,000 per month.
  3. Secure your financial future with these income criteria for individuals and staff, ensuring stability and eligibility.

Documents Required for Canara Bank RuPay Platinum Credit Card

To apply for the Canara Bank RuPay Platinum Credit Card, you will typically need to provide the following documents:

1. Identity Proof:

  • Aadhaar card
  • Passport
  • Voter ID
  • Driving license

2. Address Proof:

  • Aadhaar card
  • Utility bills (electricity, water, gas)
  • Passport
  • Rental agreement

3. Income Proof:

  • Salary slips
  • Income Tax Returns
  • Bank statements

4. Employment Proof:

  • Employee ID card
  • Appointment letter
  • Form 16

5. Photographs:

  • Passport-sized photographs

6. Bank Statements:

  • Latest bank statements

7. Duly filled Application Form:

  • Canara Bank’s RuPay Platinum Credit Card application form.

How to apply for Canara Bank RuPay Platinum Credit Card?

Follow these steps to apply for the Canara Bank RuPay Platinum Credit Card:

1. Check Eligibility:

  • Ensure you meet the eligibility criteria, including age, income, and credit score requirements.

2. Gather Required Documents:

  • Collect all necessary documents, such as identity proof, address proof, income proof, employment proof, photographs, and filled application form.

3. Visit Canara Bank Website:

  • Go to the official Canara Bank website.

4. Navigate to Credit Cards Section:

  • Look for the credit cards section on the website.

5. Choose RuPay Platinum Credit Card:

  • Select the RuPay Platinum Credit Card from the list of available credit cards.

6. Read Terms and Conditions:

  • Carefully read the terms and conditions associated with the RuPay Platinum Credit Card.

7. Click on ‘Apply Now’ or Similar:

  • Click on the “Apply Now” or a similar button to initiate the application process.

8. Fill the Online Application Form:

  • Complete the online application form with accurate details.

9. Upload Documents:

  • Upload the scanned copies of the required documents.

10. Submit Application:

  • Review your application and submit it.

11. Application Verification:

  • The bank will verify your application and documents.

12. Wait for Approval:

  • Once the verification is complete, wait for the bank’s decision on your credit card application.

13. Receive Card:

  • If approved, you will receive your Canara Bank RuPay Platinum Credit Card at the address provided in the application.

FAQs:

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

  • The Canara Bank RuPay Platinum Credit Card is a premium credit card offered by Canara Bank in association with RuPay. It comes with various benefits, features, and privileges designed to enhance your shopping and lifestyle experiences.

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

  • You can apply for the Canara Bank RuPay Platinum Credit Card through the official Canara Bank website or by visiting a Canara Bank branch. The application process typically involves filling out a form, submitting necessary documents, and meeting the eligibility criteria set by the bank.

3. What are the key features of the Canara Bank RuPay Platinum Credit Card?

  • The features may include rewards programs, cashback offers, airport lounge access, fuel surcharge waivers, and more. Refer to the specific terms and conditions provided by Canara Bank for detailed information on the card’s features.

4. What are the eligibility criteria for the Canara Bank RuPay Platinum Credit Card?

  • Eligibility criteria may include age, income, credit score, and other factors. Generally, individuals with a regular source of income and a good credit history are eligible. Check with Canara Bank for the specific eligibility requirements.

5. Is there an annual fee for the Canara Bank RuPay Platinum Credit Card?

  • The annual fee and other associated charges vary, and it’s advisable to check the latest fee structure provided by Canara Bank. Some credit cards may have an annual fee, while others may offer a waiver based on spending patterns.

6. How can I redeem the rewards earned on my Canara Bank RuPay Platinum Credit Card?

  • Canara Bank usually provides a redemption platform or process where cardholders can redeem their accumulated reward points for various options, such as shopping vouchers, merchandise, or even statement credits. Details on redemption options are typically available on the bank’s website.

7. What security features are available with the Canara Bank RuPay Platinum Credit Card?

  • Canara Bank incorporates various security measures such as chip-and-pin technology, SMS alerts, and secure online transactions to ensure the safety of your credit card usage. Familiarize yourself with these features to enhance the security of your card.

8. How can I check my Canara Bank RuPay Platinum Credit Card statement?

  • Canara Bank provides online facilities for checking your credit card statement. You can log in to your internet banking account or use the official mobile app to view your statement, check transactions, and monitor your credit card activity.

9. What should I do if my Canara Bank RuPay Platinum Credit Card is lost or stolen?

  • In case of loss or theft, immediately contact Canara Bank’s customer care or the dedicated helpline for credit card issues. The bank will guide you through the process of reporting the loss, blocking the card, and issuing a replacement.

10. Are there any international transaction fees associated with the Canara Bank RuPay Platinum Credit Card?

  • Check the terms and conditions to understand the fees associated with international transactions. Some credit cards may have foreign currency transaction fees, and it’s important to be aware of these charges before using the card internationally.