Canara Bank RuPay Credit Card – Benefits, Rewards & Apply Online

Key Takeaways

• You pay zero annual fees throughout your entire membership period.
   
• Every purchase earns you reward points that convert to cash.
   
• Comprehensive insurance coverage protects you from financial losses completely.

The Canara Bank Rupay Platinum Credit Card represents one premium variant option. Canara Bank offers multiple Rupay credit card types for customers. The Platinum variant delivers exceptional benefits with zero annual fees. Premium features include airport lounge access and comprehensive reward programmes.

Meet Rahul, a young professional working in Bengaluru's bustling IT sector. He needed a reliable credit card for daily expenses and shopping. Rahul discovered the Canara Bank Rupay Platinum Credit Card benefits recently. The zero fees and reward points attracted his attention immediately. He applied successfully and now enjoys premium banking convenience daily.

This comprehensive blog explores everything about the Canara Bank Rupay Platinum Credit Card.

Key Highlights of Canara Bank Rupay Platinum Credit Card

Review these essential features of the Canara Bank Rupay Platinum Credit Card systematically.

This table summarises the core features of the Canara Bank Rupay Platinum Credit Card.

Benefits of Canara Bank Rupay Platinum Credit Card

Transform your spending habits with the comprehensive benefits of our premium card offering.

• Enjoy up to 50 days of interest-free credit periods
   
• Convert purchases to EMIs through the Canara ai1 app
   
• Access cash withdrawals and financial services at ATMs
   
• Shop seamlessly at merchant point-of-sale terminals
   
• Shop online and unlock exclusive discounts
   
• Use your card both domestically and internationally
   
• Pay zero annual, joining, and enrolment fees
   
• Earn reward points on every transaction you make
   
• Access domestic airport lounges twice quarterly for yourself
   
• Enjoy international airport lounge access twice yearly

Enjoy great banking ease with the Canara Bank Rupay Platinum Credit Card's best features.

Bonus Tip:
 

• Spend ₹2,500 monthly and purchase fuel in ₹400+ transactions to unlock complete fuel surcharge reimbursement of up to ₹100 each month.
   
• Use your 8 free airport lounge visits each year during your trips to save up to ₹12,000.

Canara Bank Rupay Platinum Credit Card Cashback & Rewards

Maximise your spending power with the Canara Bank Rupay Platinum Credit Card's rewarding programme.

• Earn 2 reward points for every ₹100 spent on transactions
   
• Redeem points instantly for cashback through the Canara Rewardz portal
   
• Purchase goods directly using accumulated reward points online
   
• Access www.canararewardz.com to explore redemption options conveniently
   
• Convert points to cash or merchandise based on preferences
   
• Accumulate points on all point-of-sale and e-commerce purchases
   
• Enjoy flexible redemption without minimum point thresholds

Transform every purchase into valuable rewards with the Canara Bank Rupay Platinum Credit Card's programme.

Canara Bank Rupay Platinum Credit Card Fees & Charges

Understand the transparent fee structure of the Canara Bank Rupay Platinum Credit Card.

No Initial Costs

Start your credit card journey without upfront expenses.

• Pay no enrolment fees when applying for the card
   
• Enjoy zero annual fees throughout your card membership

Get your card without any joining hassles or yearly commitments.

Activity-Based Charges

Your spending patterns determine these specific fees.

• Pay a ₹200 inactivity fee if annual spending falls below ₹50,000
   
• Receive 20 to 50 days of interest-free credit periods
   
• Face 2.5% monthly charges on unpaid revolving credit balances
   
• Pay a minimum of 5% of the outstanding amount plus applicable charges

Regular usage helps you avoid most activity-related penalties.

Transaction Fees

Standard charges apply for various card services and requests.

• Pay a ₹300 replacement fee for lost or damaged cards
   
• Incur up to 3% markup on foreign currency transactions
   
• Pay ₹10 per page for duplicate statement requests
   
• Face ₹50 charges for dishonoured cheque or failed payments

Keep your card safe and payments current to minimise these costs.

EMI and Cash Withdrawal

Converting purchases and withdrawing cash involve specific charges.

• Pay 2% processing fee for EMI conversions (₹100-₹200 range)
   
• Face 13-14% annual interest rates on EMI transactions
   
• Pay 2% penalty for early EMI closure requests
   
• Incur 3% cash withdrawal charges (minimum ₹30 per ₹1,000)

Plan your EMIs carefully and avoid cash advances when possible.

Fuel and Transport Surcharges

Travel-related transactions may attract additional fees.

• Pay ₹30 plus 2.5% surcharge at railway ticket counters
   
• Face 1% surcharge on IRCTC railway bookings online
   
• Pay 1% fuel surcharge with ₹10 minimum (₹100 monthly cap)
   
• Receive fuel surcharge reimbursement with ₹2,500 monthly spending

Higher monthly spending can help offset these travel charges.

Additional Service Charges

Miscellaneous services come with their own fee structure.

• Pay ₹100 domestically or $10 internationally for charge slips
   
• Face ₹100 collection charges for outstation cheque processing
   
• Pay ₹50 per overdue payment reminder notice sent
   
• Incur ₹250 late payment fees plus existing service charges

Timely payments and proper documentation help avoid these extra costs.

Stay informed about charges to manage the Canara Bank Rupay Platinum Credit Card effectively.

Late Payment Fee Applicable on Canara Bank Rupay Platinum Credit Card

Learning about late payment fees for the Canara Bank Rupay Platinum Credit Card helps you avoid extra charges.

• Pay ₹250 late payment fee plus GST for overdue amounts
   
• Face an additional 2.5% monthly service charges on carried balances
   
• Incur a 30% annual interest rate on all outstanding amounts
   
• Pay ₹50 per overdue payment reminder notice sent

Timely payments protect you from these additional charges and maintain your credit standing.

Eligibility Criteria for Canara Bank Rupay Platinum Credit Card

Meet these income requirements to qualify for your Canara Bank Rupay Platinum Credit Card.

• Earn a minimum ₹2,00,000 gross annual income as an individual
   
• Staff members need ₹60,000 minimum gross annual income requirement
   
• Staff members must receive ₹4,000 minimum monthly take-home salary

Ensure your income meets these criteria before applying for the Canara Bank Rupay Platinum Credit Card.

Canara Bank Rupay Platinum Credit Card Required Documents

Get these important papers ready for your Canara Bank Rupay Platinum Credit Card application.
 

Proof of Identity
 

• Submit a PAN Card as a mandatory requirement for credit applications
   
• Provide an Aadhaar Card as a commonly accepted identity proof
   
• Alternative options include Passport, Voter ID, or Driving Licence

Proof of Address
 

• Use the Aadhaar Card for both identity and address verification
   
• Submit Passport, Voter ID, or Driving Licence as alternatives
   
• Provide additional address proof if the Aadhaar address differs

Proof of Income
 

• Submit the last three months' salary slips for income verification
   
• Provide the last three months' bank statements as income proof
   
• Use Form 16 or Income Tax Returns for documentation
   
• Non-salaried individuals submit the last balance sheet for income proof

Ensure all documents are current and valid to expedite your application process.

How to Apply for Canara Bank Rupay Platinum Credit Card

You can apply for this card online in just seven easy steps.

Step 1: Go to the official website of Canara Bank.
 

Step 2: Scroll down and click on the card services under Digital Banking.
 

Step 3: Click on the card services option.
 

Step 4: After clicking on the card services, it will show an alert with three options.
 

Step 5: Click on the Credit cards from the alert.
 

Step 6: Scroll down and click on the Canara Bank Rupay Platinum Credit Card.
 

Step 7: You can apply now.

You can apply offline as well:
 

1. Go to your nearest branch to get the official credit card application form.
    
2. Ask the bank staff for the prescribed Canara Bank credit card form.
    
3. Collect your PAN card, identity proof, address proof, income documents, and two photographs.
    
4. Fill out the form carefully with all your correct personal details.
    
5. Give your completed form and all documents to the bank official.

Follow these steps to complete your application quickly.

Conclusion

The Canara Bank Rupay Platinum Credit Card gives you great money benefits. You pay no yearly fees, so this card saves money. Reward programmes help you earn more from your spending every day. Airport lounges give you nice places to wait when travelling. 

You can change purchases into easy monthly payments through apps. The card protects you from fraud and gives you insurance. You can use this card in India and other countries. Getting this card is easy if you meet income requirements. You only need basic documents to apply for the card.

The Canara Bank Rupay Platinum Credit Card is very good value. You get premium features without paying high costs or fees. Protection and flexible payments always give you peace of mind. Smart rewards help you save money on daily purchases. This card gives you reliable banking with great customer benefits.

FAQs
 

1. Does the Canara Bank Rupay Platinum Credit Card charge annual fees?                   
No, the Canara Bank Rupay Platinum Credit Card has zero annual fees.

2. What income eligibility applies for the Canara Bank Rupay Platinum Credit Card?    
The Canara Bank Rupay Platinum Credit Card requires a minimum ₹2,00,000 annual income.

3. How do rewards work on the Canara Bank Rupay Platinum Credit Card?                   
The Canara Bank Rupay Platinum Credit Card gives 2 points per ₹100 spent.

4. Can I use the Canara Bank Rupay Platinum Credit Card internationally?                    
  Yes, the Canara Bank Rupay Platinum Credit Card works internationally at all merchants.

5. What documents does the Canara Bank Rupay Platinum Credit Card application require?                                                                                                                                      The Canara Bank Rupay Platinum Credit Card needs a PAN card, address proof, and income documents.

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About the Author

LoansJagat Team

‘Simplify Finance for Everyone.’ This is the common goal of our team, as we try to explain any topic with relatable examples. From personal to business finance, managing EMIs to becoming debt-free, we do extensive research on each and every parameter, so you don’t have to. Scroll up and have a look at what 15+ years of experience in the BFSI sector looks like.