Canara Bank RuPay Classic Credit Card
Comprehensive review of Canara Bank RuPay Classic Credit Card by Canara Bank — fees, reward earning rates, airport lounge access, and key benefits.
Canara BankCanara Bank RuPay Classic Credit Card
Card overview
- Joining fee
Nil
- Annual fee
Nil
- Best suited for
Shopping
- Reward type
Reward Points
Rewards & cashback
- Rewards rate
2 RP for every ₹100
- Reward redemption
Redeem your Reward Points for buying products or paying for a service. 1 RP = ₹0.25
Features & benefits
- Domestic lounge
Available
- Insurance
Purchase Protection, Air Accident Cover, etc
Fees & charges
- Rewards redemption fee
Nil
- Foreign currency markup
3%
- Interest rates
2.5% monthly or 30% annually
- Fuel surcharge waiver
1% waiver on fuel transaction
- Cash advance charges
3% of the advance, minimum ₹30 per ₹1,000
Product highlights
- This is a lifetime-free card with no joining fee.
- This card provides insurance coverage, including baggage insurance, air accident cover, and much more.
Pros & cons
Pros
- Users get up to 50 days of interest-free credit period.
Cons
- This card only offers basic benefits and does not provide discounts on dining, entertainment, or any welcome perks.
Frequently asked questions
Are there any annual fees for this card?
There are no annual fees; it’s a lifetime-free card.
How can I redeem my Reward Points?
You can redeem your Reward Points for cashback or goods purchases through Canararewardz, with each point valued at ₹0.25.
What happens if I don’t use the card for a year?
If you spend less than ₹12,000 in a year, you will incur a fee of ₹100.