Canara Rupay Select Credit Card
Canara Bank
Annual Fee
FREE
Joining Fee
NIL
Base Reward
2% points
Foreign Markup
Upto 3% of transaction amount.
Interest Rate
2.5% per month
Welcome Benefits
₹ 500 Gift Voucher from Croma (Infiniti Retail Ltd.)
Product Highlights
- Upto 50 days of interest free credit
- Easy EMI Conversion through Canara ai1 app
Rewards
2 points for every ₹100 transaction for purchases/payments. Value of each point is ₹0.25.
Redemption
1 point = ₹0.25
Category Rewards
| Category | Reward Rate | Monthly Cap |
|---|---|---|
utilities | 5%(5% Cash Back on Utility Bills) | No cap |
dining | 5%(5% Cash Back on Eating Places & Restaurants) | No cap |
Merchant-Specific Rewards
| Merchant | Reward | Context |
|---|---|---|
| Utility Bills | 5% Cash Back(Capped at ₹50 per month) | online |
| Eating Places & Restaurants | 5% Cash Back(Capped at ₹50 per month) | offline |
Benefits & Features
Domestic: 2 complimentary visits per quarter. (Covers 30 Lounges across 11 cities in India.) International: 2 per year. (Covers 500+ Lounges across 300+ cities worldwide.) Full lounge access description.
Fees & Charges
Eligibility
Min Income (Salaried)
₹60,000
Min Income (Self-Employed)
₹10,00,000
Available Networks
Pros & Cons
Pros
- Complimentary Airport Lounge Access
- Exclusive Merchant Offers
Cons
- Annual Fee is NIL but inactivity fee applies
- Limited lounge access
Additional Info
Important note 1
Note 2
Cash Back Offer on Utility Bill Payment Services 5% Cash back on payment of Utility Bills applicable for both online and PoS terminals capped at ₹50 per month.