BankingKaro

Compare Credit Cards, Loans, Insurance - Apply Online

Canara Bank RuPay Select Credit Card

Canara Bank presents the RuPay Select Credit Card, a lifetime free offering. Partnered with RuPay, a leading national payment service, this rewards-based card earns you 2 points for every Rs. 100 spent (1 point = Rs. 0.25). Enjoy additional benefits like personal accidental death and permanent liability insurance.

Key Highlights of Canara Bank RuPay Select Credit Card

Unlock unparalleled benefits with 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 offers several features and benefits:

1. Global Validity: Available worldwide.
2. Credit Card Limit: Ranges from ₹1 lac to ₹50 lacs.
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: ₹300 per annum if turnover is below ₹1,00,000 per year.
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

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

  1. No joining fee for Canara Bank RuPay Select Credit Card.
  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. Inactivity fee of Rs.300 per annum applies if turnover is below Rs.10,000 per year.

Eligibility Criteria for Canara Bank RuPay Select Credit Card

Here are essential criteria for applying for an 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 apply for the Canara Bank RuPay Select Credit Card, you will typically need to provide the following documents:

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?

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

  1. Navigate to Canara Bank’s official website.
  2. Explore the ‘Personal Banking’ section and locate ‘Card Services.’
  3. Choose ‘Credit Cards’ from the menu.
  4. Find ‘Application Forms’ and click on it.
  5. Opt for Hindi/English form based on 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. Submit the filled form and documents at your nearest Canara Bank branch.

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.