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Canara Bank MasterCard World Credit Card — Canara Bank credit card

Canara Bank MasterCard World Credit Card

Canara Bank's lifetime-free Mastercard World card pairs generous lounge access, including guest visits, with globally accepted rewards and insurance cover.

Annual fee

₹0

Joining fee

₹0

Reward type

points

Base reward rate

0.5%

Card network

Mastercard

Card tier

Premium

Who this card fits

Best suited to applicants who clear the standard eligibility bar whose spend is concentrated in travel, fuel. It's a lifetime-free card with no fee to track.

Rewards & benefits

  • Rewards rate: 0.5% base rate
  • Domestic lounge access: 3 self visits + 2 guest visits per quarter at select domestic airport lounges
  • International lounge access: 2 self visits + 2 guest visits per year via Mastercard LoungeKey
  • Golf: Not explicitly offered by Canara Bank on this variant
  • Insurance benefits: Fraudulent charge cover up to ₹5L; air accident cover ₹8L (self)/₹4L (spouse); baggage and purchase protection up to ₹25,000 each

Benefits by category

  • ✈️ Travel

    Domestic: 3 self + 2 guests/quarter; International: 2 self + 2 guests/year

  • 🛡️ Insurance

    Fraudulent charge cover ₹5L; air accident cover ₹8L (self)/₹4L (spouse); baggage/purchase protection up to ₹25,000 each

  • ⛽ Fuel

    Fuel surcharge waiver up to ₹100/month with min ₹2,500 monthly fuel spend

  • 🌍 Forex / international spend

    3% forex markup on international transactions

Eligibility

  • Minimum monthly income: ₹83,334
  • Employment: salaried, self-employed

Fees & charges

  • Rewards redemption fee: No fee to redeem reward points via Canara RewardZ
  • Foreign currency markup: 3%
  • Interest rate: 30% p.a.
  • Fuel surcharge waiver: 1% surcharge waiver on fuel transactions, capped at ₹100/month, subject to minimum ₹2,500 monthly fuel spend
  • Cash advance charges: 3% of the withdrawal amount, subject to a minimum of ₹30 per ₹1,000

Benefits

  • Domestic: 3 self + 2 guests/quarter; International: 2 self + 2 guests/year
  • Fraudulent charge cover ₹5L; air accident cover ₹8L (self)/₹4L (spouse); baggage/purchase protection up to ₹25,000 each
  • Fuel surcharge waiver up to ₹100/month with min ₹2,500 monthly fuel spend
  • 2 reward points per ₹100 spent on POS/e-commerce, redeemable via Canara RewardZ
  • Credit limit up to ₹50L

Pros

  • + No joining or annual fee
  • + Generous domestic lounge access including guest visits
  • + Solid accident and purchase protection insurance

Cons

  • − 3% forex markup on international spends
  • − Full reward benefits require ₹1L minimum annual spend
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