Canara Bank Mastercard Gold Credit Card

Best suited to applicants who clear the standard eligibility bar. It's a lifetime-free card with no fee to track.

• Movie & dining: No fixed movie or dining benefit; Canara runs seasonal network offers.
• Rewards rate: 0.5% base rate
• Reward redemption: Points can be redeemed on the Canara Rewardz portal (canararewardz.com) or the Canara ai1 app for goods, or taken as cashback in blocks of 100 points (minimum 1,000) credited in the next statement. Points stay valid for 3 years and lapse when the card is closed.
• Travel: No travel benefits beyond seasonal network offers.
• Domestic lounge access: Not offered per Canara's variants comparison sheet (the product page mentions select lounges but gives no visit allowance).
• International lounge access: Not offered on this card.
• Golf: Not offered.
• Insurance benefits: Fraudulent charge cover up to ₹5 lakh; air accident cover ₹8 lakh (self) and ₹4 lakh (spouse); other accident cover ₹4 lakh (self) and ₹2 lakh (spouse); baggage and purchase protection up to ₹25,000 each.

• 🛡️ Insurance

  Fraudulent charge cover ₹5 lakh; air accident cover ₹8 lakh (self)/₹4 lakh (spouse); baggage and purchase protection ₹25,000 each.

• ⛽ Fuel

  1% fuel surcharge refunded up to ₹100 a month on ₹400+ fuel transactions, with ₹2,500 of non-fuel spend in the month.

• 🌍 Forex / international spend

  3% forex markup on international transactions

• Minimum monthly income: ₹25,000
• Employment: salaried, self-employed

• Rewards redemption fee: No fee for cashback redemption; Canara Rewardz adds a processing fee on some redemptions such as recharges and merchandise, shown at checkout (Canara MITC).
• Foreign currency markup: 3%
• Interest rate: 2.5% p.a.
• Fuel surcharge waiver: 1% fuel surcharge (minimum ₹10) refunded up to ₹100 per billing month, on fuel transactions of ₹400 or more, if the card has at least ₹2,500 of non-fuel purchases that month.
• Cash advance charges: 3% of the amount withdrawn (₹30 per ₹1,000), subject to a minimum of ₹150, plus 2.5% a month interest from the withdrawal date; cash limit is 50% of the credit limit or ₹50,000, whichever is lower.

• 2 reward points per ₹100 spent at POS and online (1 point = ₹0.25); no points on fuel or cash withdrawals; capped at 10,000 points per billing cycle.
• 1% fuel surcharge refunded up to ₹100 a month on ₹400+ fuel transactions, with ₹2,500 of non-fuel spend in the month.
• Fraudulent charge cover ₹5 lakh; air accident cover ₹8 lakh (self)/₹4 lakh (spouse); baggage and purchase protection ₹25,000 each.
• Up to 50 days interest-free credit; EMI conversion through the Canara ai1 app at 13–14% a year (fee 2%, min ₹100, max ₹200).