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Canara Bank RuPay Corporate Credit Card
Canara Bank RuPay Corporate is the RuPay version of Canara's company credit card. It is issued only to firms that already bank with Canara, normally with turnover of ₹10 crore or more. There is a one-time ₹250 enrolment fee, no annual fee on the main card and ₹400 a year per add-on. It earns 2 points per ₹100, includes 1 domestic lounge visit a quarter plus 2 international visits a year, and can be linked to UPI. It suits Canara business customers who want a low-cost expense card.
Annual fee
₹0
Joining fee
₹250
Reward type
points
Base reward rate
0.5%
Card network
RuPay
Card tier
Mid
Who this card fits
Best suited to self-employed applicants who clear the standard eligibility bar whose spend is concentrated in travel. It's a lifetime-free card with no fee to track.
Rewards & benefits
- Movie & dining: No fixed movie or dining benefit; RuPay network offers and Canara seasonal offers apply.
- Rewards rate: 0.5% base rate
- Reward redemption: Points can be redeemed for goods on the Canara Rewardz portal (canararewardz.com); the product page does not list cashback for this corporate card. Points stay valid for 3 years.
- Travel: 1 domestic lounge visit per quarter and 2 international lounge visits per year; baggage insurance up to ₹50,000.
- Domestic lounge access: 1 complimentary visit per quarter for the cardholder at select domestic airport lounges.
- International lounge access: 2 complimentary visits per year for the cardholder at select international airport lounges.
- Golf: Not offered.
- Insurance benefits: Fraudulent charge cover up to ₹5 lakh; air accident cover ₹4 lakh (self) and ₹2 lakh (spouse); other accident cover ₹2 lakh (self) and ₹1 lakh (spouse); baggage and purchase protection up to ₹50,000 each.
Benefits by category
- ✈️ Travel
1 domestic airport lounge visit per quarter and 2 international lounge visits per year for the cardholder.
- 🛡️ Insurance
Fraudulent charge cover ₹5 lakh; baggage and purchase protection ₹50,000 each; air accident cover ₹4 lakh (self)/₹2 lakh (spouse).
- 🌍 Forex / international spend
3% forex markup on international transactions
Eligibility
- Employment: self-employed
Fees & charges
- Rewards redemption fee: 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: ₹30 per ₹1,000 withdrawn (3%), subject to a minimum of ₹150 per transaction, plus 2.5% a month interest from the withdrawal date; cash limit is 50% of the card limit up to ₹25 lakh overall and ₹25,000 per add-on card.
Benefits
- 1 domestic airport lounge visit per quarter and 2 international lounge visits per year for the cardholder.
- Company limit from ₹50,000 up to ₹25 crore; add-on cards from ₹10,000 to ₹10 lakh. Firms with turnover under ₹10 crore can get a secured card against a company FD.
- 2 reward points per ₹100 spent (1 point = ₹0.25), redeemable for goods on Canara Rewardz.
- Fraudulent charge cover ₹5 lakh; baggage and purchase protection ₹50,000 each; air accident cover ₹4 lakh (self)/₹2 lakh (spouse).
- Can be linked to UPI; up to 50 days interest-free credit; no inactivity fee.
Pros
- + Only a one-time ₹250 enrolment fee and no annual fee on the main card
- + Domestic and international lounge access
- + Can be linked to UPI
- + Very high company limits of up to ₹25 crore
- + No inactivity fee
Cons
- − Only for corporate customers of Canara Bank, normally with ₹10 crore+ turnover
- − ₹400 annual fee per add-on card
- − Rewards are about 0.5% and redeem for goods only