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Canara Bank Visa Signature Credit Card
The top Visa card in Canara Bank's own-brand lineup, with no joining or annual fee and 3 domestic lounge visits a quarter. Rewards are a flat 2 points per ₹100 (0.5%), and a ₹1,000 inactivity fee applies if you spend less than ₹2 lakh (or your sanctioned limit) in a card year.
Annual fee
₹0
Joining fee
₹0
Reward type
points
Base reward rate
0.5%
Card network
Visa
Card tier
Premium
Who this card fits
Best suited to applicants with a credit score of roughly 720+ whose spend is concentrated in travel. It's a lifetime-free card with no fee to track.
Rewards & benefits
- Rewards rate: 0.5% base rate
- Domestic lounge access: 3 complimentary domestic lounge visits per quarter at select lounges
- International lounge access: 1 complimentary international lounge visit per quarter at select lounges
- Golf: Not offered
- Insurance benefits: Fraudulent charge cover ₹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
3 complimentary domestic lounge visits and 1 international lounge visit per quarter.
- 🛡️ Insurance
Fraudulent charge cover ₹5L; air accident cover ₹8L (self)/₹4L (spouse); baggage/purchase protection up to ₹25,000 each
- 🌍 Forex / international spend
3% forex markup on international transactions
Eligibility
- Minimum credit score: 720
- Minimum monthly income: ₹83,333
- 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% 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 ₹150
Benefits
- 3 complimentary domestic lounge visits and 1 international lounge visit per quarter.
- 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 ₹5L; air accident cover ₹8L (self)/₹4L (spouse); baggage/purchase protection up to ₹25,000 each
Pros
- + No joining or annual fee
- + 3 domestic and 1 international lounge visits per quarter
- + 3% forex markup and up to 50 days of interest-free credit
Cons
- − Flat 0.5% reward rate with no travel or dining bonus
- − ₹1,000 inactivity fee below ₹2 lakh annual spend
- − Requires ₹10 lakh minimum annual income