All cards / Canara Bank
Canara Bank RuPay Platinum Secured Credit Card
Canara Bank's RuPay Platinum Secured card is issued against a fixed deposit for customers who can't meet the income criteria of the bank's unsecured RuPay Platinum card, yet still bundles complimentary domestic lounge access and solid accident/purchase insurance — an unusually feature-rich secured card among PSU banks.
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 who clear the standard eligibility bar. 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 (self), capped at 4 per year
- International lounge access: Not offered on this card
- Golf: Not offered
- Insurance benefits: Fraudulent transaction protection up to ₹5L; air accident cover ₹8L (self)/₹4L (spouse); other accident cover ₹4L (self)/₹2L (spouse); baggage and purchase protection up to ₹25,000 each
Benefits by category
- ✈️ Travel
2 complimentary domestic lounge visits/quarter (self), capped at 4/year
- 🌍 Forex / international spend
3% forex markup on international transactions
Eligibility
- 0
- Employment: salaried, self-employed
Fees & charges
- Rewards redemption fee: No fee to redeem reward points via Canara RewardZ
- Foreign currency markup: 3%
- Fuel surcharge waiver: 1% fuel surcharge waived up to ₹100/month, requires minimum ₹2,500 monthly purchase spend and ₹400+ per fuel transaction
- Cash advance charges: ₹30 per ₹1,000 withdrawn, capped at 50% of credit limit or ₹50,000 (whichever is lower); 3% (min ₹150) at non-Canara ATMs
Benefits
- Credit limit of up to 75% of the linked fixed deposit's principal amount.
- 2 complimentary domestic lounge visits/quarter (self), capped at 4/year
- Reward points on every POS/e-commerce transaction, redeemable via the Canara ai1 app.
Pros
- + Zero joining, annual and enrolment fee
- + No income proof required, FD-backed approval
- + Up to 50 days interest-free credit
- + RuPay network works with UPI linking
Cons
- − Credit limit capped at 75% of FD value
- − Reward rate is modest
- − Requires an active Canara Bank fixed deposit