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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
Best for