Canara Bank
MasterCard World Credit Card
Annual Fee
Lifetime FreeBase Reward
2% points
Foreign Markup
3% on Forex Transactions
Product Highlights
- Upto 50 days of interest free credit.
- Easy EMI Conversion through Canara ai1 app.
- ATM Cash Withdrawal & other non financial services.
- Shop at PoS at Merchant Outlets.
- Shop online & enjoy discounts.
- Domestic & International Acceptance.
- Zero Annual, Joining and Enrolment Fee.
- Rewards Points for every PoS / e-commerce transaction.
Reward Calculator
Earns ₹1,500/year (net)
Modest gain. Solid hold if you like the perks.
₹25K
across all your buckets
6K
Canara Reward Points
₹1.5K
via standard · ₹0.25/pt
Effective rate
0.50%
Annual fee
FREE
Year 1 net
+₹1,500
Year 2+ net
+₹1,500
ongoing
Adjust your spend by reward bucket
1 bucketsSurcharges & Exclusions
Watch-outs that quietly erode your effective rewards. Categories listed as “excluded” earn 0% even if the merchant looks normal.
Foreign exchange markup
3.5%Charged on every international (non-INR) transaction
Excluded from rewards
fuel, rent, wallet, emi, cash advance, government
Surcharges are typically charged 1 cycle after the transaction and may include GST. Always confirm with the bank's most recent T&C.
Rewards Details
Rewards Points for every PoS / e-commerce transaction.
- Cashback or Goods Purchase through (www.canararewardz.com)
Benefits & Features
Domestic: 3 Self + 2 Guest per Qtr International: 2 Self + 2 Guest per year Available at Selected Lounges.
Pros & Cons
Pros
- Complimentary Airport Lounge Access.
- Zero Annual Fee.
- 2 Reward Points per ₹100 spent.
Cons
- Cash withdrawal charges apply.
- Inactivity fee if annual turnover is less than ₹1L.
Ready to apply?
Apply directly on the bank's official website. Quick approval, no hidden steps.
Apply NowOfficial bank website · Secure
Fees & Charges
Eligibility
Salaried
₹0.6L+
Self-Emp
₹10.0L+
Networks