Credit Cards/Canara Bank/Canara Mastercard Gold Credit Card

Canara Mastercard Gold Credit Card

Canara Mastercard Gold Credit Card

Canara Bank

Last updated: Dec 02, 2025

fuel grocery restaurants e-commerce utility payments
Annual Fee

₹0

Joining Fee

₹0

Forex Fee

3%

Lounge Access

No lounge access

Canara Mastercard Gold is an entry-to-mid level rewards credit card from Canara Bank that focuses on everyday rewards and global acceptance. It offers reward points on PoS and e-commerce spends, easy EMI conversion through the Canara ai1 app and a low forex markup. With no joining or annual fee on the base Gold variant, it targets users who want a simple rewards card without membership costs.

Features of Canara Mastercard Gold Credit Card which makes it unique

Canara Rewardz

Unified reward portal for points redemption (merchandise, cashback, vouchers).

Simple redemption, value ~₹0.25/point

Comparable to other bank loyalty portals with catalogue and cashback options.


Rewards Structure of Canara Mastercard Gold Credit Card

Base Rewards

base

All PoS and e-commerce transactions

Reward Rate:2 pts/₹100
Monthly Cap:No explicit cap (points awarded in multiples of ₹100).

Points earned under Canara Rewardz; 1 point ≈ ₹0.25 on redemption.

Fees & Charges of Canara Mastercard Gold Credit Card

Fee & AmountFee Value
Joining Fee
0
Annual Fee
0
Forex Markup Fee
3%
Cash Advance Fee
0
Late Payment Fee
0%
Over Limit Fee
0
Returned Payment Fee
0
Cash Withdrawal Fee
0%

Renewal Conditions:No annual fee for base Gold variant. Fee rules for premium variants differ (refer to bank).


Fee Explanation Canara Bank maintains a standard tariff schedule — certain charges exclude GST. Free interest-free credit up to 50 days on purchases; fees apply for cash withdrawals and overdue amounts. | Late payment fee details: As per bank schedule; slabbed based on outstanding (refer bank tariff).

Detailed Explanation of Canara Mastercard Gold Credit Card Fees

Joining Fee: 0 (one-time)

Base Mastercard Gold variant carries no joining fee.

Annual Fee: 0 (yearly)

Base variant: no annual fee. Premium variants may have fees—check bank.

Forex Markup: 3% (per transaction)

As per Canara Bank tariff; GST extra where applicable.

Cash Withdrawal Fee: ₹30 per ₹1,000 (transaction)

Cash advance/ATM withdrawal; interest applies from date of withdrawal.

EMI Conversion Charge: Min ₹100 or 2% of txn (max ₹200) (transaction)

EMI conversion via Canara ai1 app; T&Cs apply.

Lounge Access Benefits with Canara Mastercard Gold Credit Card

domestic Lounges

silver

Visits per year: 0

Guest access: Yes

Complimentary lounge rules differ across Mastercard variants; check specific variant benefits.

Insurance Coverage with Canara Mastercard Gold Credit Card

Purchase protection / Baggage insurance

Up to ₹25,000

Standard covers listed in Canara Bank card features; subject to CanCare policy.

Accident cover (Air)

Up to ₹8,00,000 (self) / ₹4,00,000 (spouse) – applicable on select variants

Coverage varies by variant; check bank for applicable variant.

Additional Features of Canara Mastercard Gold Credit Card

Easy EMI

Convert eligible purchases into EMI via Canara ai1 app.

EMI conversion charges apply as per tariff.

Contactless Payments

Tap & pay enabled on contactless terminals.

Welcome Bonus with Canara Mastercard Gold Credit Card

Welcome Bonus: NA
Bonus Conditions: Canara Bank runs occasional onboarding offers via branches or campaigns; check official updates or Canara Rewardz for time-bound vouchers or points.

Application Process for Canara Mastercard Gold Credit Card

Processing Time

7–15 business days (branch or online application subject to verification).

Online Application

Available

Instant Approval

Not Available

Step-by-Step Process

1

Apply online via Canara Bank credit cards page or visit a Canara Bank branch

2

Submit KYC and income documents (upload online or submit at branch)

3

Bank performs verification and credit assessment

4

Card dispatched after approval (typically 7–15 business days)

Required Documents for Canara Mastercard Gold Credit Card

ID Proof

all

Accepted documents:

PAN Aadhaar Passport

Address Proof

all

Accepted documents:

Passport Utility Bill Aadhaar

Income Proof

salaried

Accepted documents:

Payslip Form 16 Bank statement

Canara Mastercard Gold Credit Card Merchant Acceptance Network

Domestic Acceptance

Wide coverage across India (PoS, e-commerce).

International Acceptance

Accepted globally on Mastercard network (enable international usage via netbanking/branch).

Online Acceptance

Yes — for e-commerce transactions.

Payment Technologies

Contactless PaymentsSupported

Mobile Wallet Support:

google paysamsung payphone paypaytmamezon payapple pay

Excluded Merchants

crypto exchangesgambling

Eligibility Criteria for Canara Mastercard Gold Credit Card

Quick Eligibility Check

Minimum Age

21+

Credit Score

700+

Citizenship

Indian only

Income Requirements

Salaried Applicants

₹25,000

Minimum annual income

Self-Employed Applicants

₹40,000

Minimum annual income

Who Can Apply

Important Conditions

  1. Valid PAN and KYC documents (Aadhaar/Passport/Utility bill) required. Card issuance subject to bank credit assessment and internal policy.

How Approval Is Decided

  • Minimum age 21 years and Indian residency
  • Minimum income requirement: salaried ~₹25,000/month (varies by applicant & branch)
  • Satisfactory credit history (score above ~700 improves approval odds)

Pros of Canara Mastercard Gold Credit Card

  • No joining or annual fees for base Gold card
  • Reward points on every PoS and e-commerce spend
  • Low-cost EMI conversion and decent insurance covers on cards

Cons of Canara Mastercard Gold Credit Card

  • No attractive accelerated category multipliers on base Gold
  • Fore x markup (3%) — not the lowest but competitive
  • Many premium benefits reserved for higher variants

Frequently Asked Questions about Canara Mastercard Gold Credit Card


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