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Canara Bank RuPay Select Secured Credit Card
RuPay
Canara Bank RuPay Select Secured Credit Card
Canara Bank's premium secured card, issued against a fixed deposit rather than income proof, offers RuPay Select-tier features — including domestic and international lounge access, reward points and a ₹10L accident cover — while keeping approval simple for depositors without a conventional salary or credit history.
Annual fee
₹0
Joining fee
₹0
Reward type
points
Base reward rate
0.5%
Card network
RuPay
Card tier
Mid
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) across ~30 lounges in 11 Indian cities
- International lounge access: 2 complimentary international lounge visits per year (self) via the RuPay Select programme
- Golf: Not offered on this card
- Insurance benefits: Air accident cover ₹8L (self)/₹4L (spouse); other accident cover ₹4L (self); RuPay Select programme cover of ₹10L for death/permanent disability; baggage and purchase protection up to ₹25,000 each
Benefits by category
- ✈️ Travel
2 complimentary domestic lounge visits/quarter and 2 international lounge visits/year (self)
- 🛡️ Insurance
RuPay Select programme cover of ₹10L, plus air/non-air accident, baggage and purchase protection cover
- 🌍 Forex / international spend
3% forex markup on international transactions
Eligibility
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: 3% of the withdrawal amount, subject to a minimum of ₹150
Benefits
- Credit limit of up to 75% of the principal amount of a linked Canara Bank fixed deposit (minimum limit ₹25,000)
- 2 complimentary domestic lounge visits/quarter and 2 international lounge visits/year (self)
- RuPay Select programme cover of ₹10L, plus air/non-air accident, baggage and purchase protection cover
Pros
- + Higher-tier RuPay Select features on a secured, easy-approval card
- + No income proof needed since the FD covers underwriting
- + Joint 'Either or Survivor' FDs are accepted, widening who can use it
Cons
- − Advance rate of 75% of FD value is lower than several private-bank secured cards (which offer 85-100%)
- − RuPay-only acceptance is a limitation for international travel
- − Public-sector bank service turnaround can be slower than private banks