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Canara Bank Corporate Visa Credit Card
Canara Bank's Corporate Visa card is a no-frills card for partnership firms, proprietorships and professional practices to cover routine business expenses. It has a one-time ₹250 enrolment fee for the primary card and ₹400 a year per add-on card, no reward points, no lounge access and a 50-day interest-free period, so it suits a small firm that simply wants to keep business spend separate.
Annual fee
₹0
Joining fee
₹250
Reward type
points
Base reward rate
0%
Card network
Visa
Card tier
Entry
Who this card fits
Best suited to self-employed applicants who clear the standard eligibility bar. It's a lifetime-free card with no fee to track.
Rewards & benefits
- Rewards rate: 0% base rate
- Domestic lounge access: Not offered
- International lounge access: Not offered
- Golf: Not offered
- Insurance benefits: No complimentary insurance cover disclosed for this variant
Benefits by category
- 🛡️ Insurance
Fraudulent charge cover ₹2 lakh; air accident cover ₹4 lakh (self)/₹2 lakh (spouse)
- ⛽ Fuel
Fuel surcharge waiver on transactions at Indian fuel stations
- 🌍 Forex / international spend
3% forex markup on international transactions
Eligibility
- Minimum monthly income: ₹15,000
- Employment: self-employed
- Age: 21–65
Fees & charges
- Rewards redemption fee: No fee to redeem reward points via Canara RewardZ
- Foreign currency markup: 3%
- Fuel surcharge waiver: 1% surcharge waiver on fuel transactions of ₹400–₹5,000, capped monthly
- Cash advance charges: 3% of the withdrawal amount, subject to a minimum of ₹30 per ₹1,000
Benefits
- Company limit up to ₹25 crore; cash withdrawal up to 50% of the limit or ₹50,000 (₹25,000 for add-on cards)
- Fraudulent charge cover ₹2 lakh; air accident cover ₹4 lakh (self)/₹2 lakh (spouse)
- Fuel surcharge waiver on transactions at Indian fuel stations
Pros
- + No annual fee on the primary card, just a one-time ₹250 enrolment fee
- + 50-day maximum interest-free credit period
- + No inactivity fee
Cons
- − Earns no reward points
- − No lounge access
- − ₹400 annual fee per add-on card