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Canara Bank RuPay Platinum Credit Card
A genuinely fee-free RuPay card from Canara Bank with a flat 2 points per ₹100 (0.5%) reward rate, a high credit limit ceiling and travel insurance cover for an entry-tier card.
Annual fee
₹0
Joining fee
₹0
Reward type
points
Base reward rate
0.5%
Card network
RuPay
Card tier
Entry
Who this card fits
Best suited to applicants with a credit score of roughly 700+. It's a lifetime-free card with no fee to track.
Rewards & benefits
- Rewards rate: 0.5% base rate
- Domestic lounge access: 2 complimentary domestic lounge visits per quarter, capped at 4 per year
- International lounge access: Not offered on this entry-tier card
- Golf: Not offered
- Insurance benefits: Comprehensive travel insurance cover of up to ₹8 lakh
Benefits by category
- 🛡️ Insurance
Comprehensive travel insurance cover of up to ₹8 lakh
- ⛽ Fuel
1% fuel surcharge waiver on transactions of ₹400–₹4,000, capped at ₹100/cycle
- 🌍 Forex / international spend
3% forex markup on international transactions
Eligibility
- Minimum credit score: 700
- Employment: salaried, self-employed
- Age: 21–65
Fees & charges
- Rewards redemption fee: No fee to redeem reward points via Canara RewardZ
- Foreign currency markup: 3%
- Interest rate: 30%–36% p.a.
- Fuel surcharge waiver: 1% surcharge waiver on fuel transactions of ₹400–₹4,000, capped at ₹100 per statement cycle
- Cash advance charges: 3% of the withdrawal amount, subject to a minimum of ₹30 per ₹1,000
Benefits
- Credit limit of up to ₹25 lakh
- Comprehensive travel insurance cover of up to ₹8 lakh
- 1% fuel surcharge waiver on transactions of ₹400–₹4,000, capped at ₹100/cycle
Pros
- + No joining or annual fee
- + High credit limit ceiling (up to ₹25 lakh)
- + ₹8 lakh travel insurance included
Cons
- − No category-specific reward bonuses
- − Lounge access limited to 4 domestic visits a year
- − Reward points not earned on fuel or cash advances