Canara Bank RuPay Platinum Credit Card

Apply for the best credit card of Canara Bank

Last updated:28-Dec-24
Canara Bank RuPay Platinum Credit Card
  • Best suitable for: Rupay
  • Joining Fee: ₹ Lifetime Free + GST
  • Annual Fee: ₹ Lifetime Free + GST
  • Welcome Benefits: NA
Canara Bank Rupay Platinum Credit Card

Canara Bank RuPay Platinum Credit Card: Fees & Charges

Type of fee or charge Amount (Rs.)
Joining Fee:₹ Lifetime Free
Annual/Renewal Fee:₹ Lifetime Free
Finance Charges:2.0% per month (24.0% annually)
Spend Based Waiver:Lifetime Free
Over Limit Penalty:exceeding your credit limit may result in declined transactions
Rent Payment chargesNULL
Forex Charges:3.0% of the transaction value
Minimum Repayment Amount:5% of Total outstanding (Min. Rs. 100) + All charges/fees/taxes + EMI
Cheque Return Fees:50/- per returned cheque
Late Payment Charges:Late payment fee of Rs 250/- + GST will be charged, this is in addition to existing service charges (2.5% p.m. i.e. 30% per Annum) on carried over balance.

Canara Bank RuPay Platinum Credit Card: Eligibility & Documentation

Eligibility:-
Age: Applicants should be at least 21 years old.
Income: A stable annual income is essential, typically a net monthly income of 25,000/- or more and Self-Employed Individuals/Professionals: A minimum annual income of 3 lakhs.
Credit Score: A good CIBIL score, ideally between 750 and 900, can significantly boost approval chances
The applicant must be an Indian citizen and valid address proof

Documentation:- 1. Aadhaar card, Passport, PAN card as your Identity proof
2. Any Utility bill, Passport, or Voter ID as your address proof
3. Salary slips, bank statements, or IT returns as your income proof

Canara Bank RuPay Platinum Credit Card: Cash Advance and Charges

Cash Advance or Withdrwan Fee: 3% (Min. INR 30) of the cash amount
Cash Advance Withdrwan Limit: 50% of the credit Limit
Cash Payment at Bank Branch: Rs. 150/- for every Cash payment


Add-on Card facility: NIL

Card replacement fee: Rs 300 + GST

Rewards Redemption Fee: rewards redemption fee will vary by redemption category/product

Domestic lounge:

International Lounge:

Fuel Surcharge:1% fuel surcharge refunded for transactions between 400 to 5,000. and Maximum of 100 per month.

FAQ of Canara Bank RuPay Platinum Credit Card

Q1. What is the annual fee of Canara Bank RuPay Platinum Credit Card?
The Canara Bank RuPay Platinum Credit Card offers lifetime-free annual fees. The joining fee is also free for life!

Q2. What is the interest rate on the Canara Bank RuPay Platinum Credit Card?
The Canara Bank RuPay Platinum Credit Card has an interest rate of 2.0% per month (24.0% annually)

Q3. Are there foreign transaction fees on the Canara Bank RuPay Platinum Credit Card?
Yes, The Canara Bank RuPay Platinum Credit Card charges a 3.0% fee for all transactions in foreign currency .

Q4. What is the credit limit of Canara Bank RuPay Platinum Credit Card?
The credit limit for the Canara Bank RuPay Platinum Credit Card is based on multiple factors, such as your income, repaying capacity, and credit history. Canara Bank does not specify a fixed credit limit for this card. It will communicate to you time of issuance of card. Canara Bank offer Pre-approved Credit Limit to existing card holder. So if you are eligible by few step you can increase your credit limit.