All cards / Canara Bank
Canara Bank
Canara Bank Visa Gold Secured Credit Card
Visa
Canara Bank Visa Gold Secured Credit Card
An entry-level Canara Bank secured card that can issue a credit limit of up to 75% of the pledged fixed deposit, making it a practical PSU-bank option for students, homemakers, and first-time credit users.
Annual fee
₹0
Joining fee
₹0
Reward type
points
Base reward rate
0.5%
Card network
Visa
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: Not offered on this card
- International lounge access: Not offered on this card
- Golf: Not offered
- Insurance benefits: Fraudulent charge cover up to ₹2 lakh; air accident cover ₹4 lakh (self)/₹2 lakh (spouse); other accident cover ₹2 lakh (self)/₹1 lakh (spouse); baggage and purchase protection up to ₹25,000 each
Benefits by category
- 🛡️ Insurance
Fraudulent charge cover ₹2 lakh; air accident cover ₹4 lakh (self)/₹2 lakh (spouse); baggage/purchase protection up to ₹25,000 each
- 🌍 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%
- Interest rate: 24% p.a.
- 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 ₹30 per ₹1,000; capped at 50% of credit limit or ₹50,000, whichever is lower
Benefits
- Credit limit of up to 75% of the linked Canara Bank fixed deposit, minimum ₹25,000 limit
- 2 reward points per ₹100 on POS and e-commerce spend (1 point = ₹0.25); no points on fuel or cash withdrawals; capped at 10,000 points per billing cycle
- Fraudulent charge cover ₹2 lakh; air accident cover ₹4 lakh (self)/₹2 lakh (spouse); baggage/purchase protection up to ₹25,000 each
Pros
- + Credit limit up to 75% of FD value
- + No income proof or credit score required
- + Visa acceptance gives wider usability than RuPay-only alternatives
Cons
- − Basic reward structure typical of entry secured cards
- − Minimum credit limit of ₹25,000 means a correspondingly larger FD is needed
- − Fewer digital-first conveniences than fintech-partnered cards (e.g., Fi, Jupiter)