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Canara Bank
Canara Bank MasterCard Platinum Credit Card
Mastercard
Canara Bank MasterCard Platinum Credit Card
A mid-tier Mastercard option in Canara Bank's own-brand lineup, positioned between the entry Classic card and the premium Visa Signature/RuPay Select cards. It's a straightforward rewards-and-fuel-waiver card for Canara customers who prefer the Mastercard network.
Annual fee
₹500
Joining fee
₹500
Reward type
points
Base reward rate
1%
Card network
Mastercard
Card tier
Mid
Who this card fits
Best suited to applicants with a credit score of roughly 700+ whose spend is concentrated in online shopping, fuel. Its annual fee waives if you can comfortably clear the spend threshold.
Rewards & benefits
- Rewards rate: 1% base rate
Benefits by category
- 🛍️ Shopping
2% reward rate
- ⛽ Fuel
Fuel surcharge waiver on transactions between ₹400 and ₹4,000.
- 🌍 Forex / international spend
3.5% forex markup on international transactions
Eligibility
- Minimum credit score: 700
- Minimum monthly income: ₹25,000
- Employment: salaried, self-employed
- Age: 21–65
Fees & charges
- Spend-based waiver: Waived on annual spend of ₹1,50,000
- Foreign currency markup: 3.5%
Benefits
- Fuel surcharge waiver on transactions between ₹400 and ₹4,000.
- Reward points on every spend with no category caps beyond online shopping.
Pros
- + Broad Mastercard acceptance
- + Fuel surcharge waiver
- + Annual fee waiver on moderate spend
Cons
- − No lounge access at this tier
- − Reward rate is unremarkable outside online spend
- − Joining fee applies unlike Canara's free RuPay entry cards