Canara Bank
Canara RuPay Select Secured Credit Card
Annual Fee
Lifetime FreeBase Reward
2% points
Foreign Markup
Up to 3% of transaction amount.
Welcome Benefits
₹ 500 Gift Voucher from Croma (Infiniti Retail Ltd.)
Product Highlights
- Up to 50 days of interest-free credit
- Easy EMI Conversion through Canara ai1 app
Category Rewards
utilities
5% CashBack on Utility Bills
5X
dining
5% CashBack on Eating Places & Restaurants
5X
Merchant-Specific Rewards
1 pt ≈ ₹0.25–₹0.50
Utility Bills
5% CashBack(Capped at ₹50 per month)
Eating Places & Restaurants
5% CashBack(Capped at ₹50 per month)
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
2 points for every ₹100 transaction for purchases/payments. Value of each point is ₹0.25.
- Points can be redeemed against purchases.
Benefits & Features
Domestic: 2 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 not provided.
Pros & Cons
Pros
- Complimentary Insurance Benefits
- 24X7 Concierge Services
Cons
- Inactivity fee of ₹300 if annual turnover is below ₹1,00,000
- Cash withdrawal service charge of ₹30 per ₹1000
Additional Info
Capped at ₹50 per month for utility bill payments.
Partner Merchants
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