Canara MasterCard Standard-Credit Card
Canara Bank
Last updated: Dec 02, 2025
₹0
₹0
3%
No lounge access
Contents
Canara MasterCard Standard is a basic, lifetime-free credit card built for everyday spending and online purchases. It offers up to 50 days interest-free credit, 2 reward points per ₹100 on PoS and e-commerce, easy EMI conversion via the Canara ai1 app and basic purchase/travel covers. There is no joining or annual fee, making it a low-cost option for first-time cardholders and budget-conscious users.
Features of Canara MasterCard Standard-Credit Card which makes it unique
Low Forex Markup
3% forex markup (competitive among peer banks).
Lower cost for international spend
Lower than many entry-level cards
Rewards Structure of Canara MasterCard Standard-Credit Card
Base Reward
baseAll PoS and E-commerce transactions
Points redeemable via CanaraRewardz (cashback/goods).
Fees & Charges of Canara MasterCard Standard-Credit Card
| Fee & Amount | Fee Value |
|---|---|
| Joining Fee | 0 |
| Annual Fee | 0 |
| Forex Markup Fee | 3% |
| Cash Advance Fee | 3% |
| Late Payment Fee | ₹250 |
| Over Limit Fee | 0 |
| Returned Payment Fee | 50% |
| Cash Withdrawal Fee | 0% |
Renewal Conditions:Nil (card is lifetime free subject to bank policy).
Fee Explanation Fees and charges are as per Canara Bank T&C; all fees are subject to GST and change at bank discretion.
Detailed Explanation of Canara MasterCard Standard-Credit Card Fees
Annual Fee: 0 (yearly)
Nil
Joining/Enrollment Fee: 0 (one-time)
Nil
Cash Withdrawal Fee: 3% (min ₹30 per ₹1000) (transaction)
As per bank T&C
Late Payment Fee: ₹250 + GST (per incident)
Charged on overdue payment
Forex Markup: 3% (transaction)
On foreign currency transactions
Lounge Access Benefits with Canara MasterCard Standard-Credit Card
domestic Lounges
silverVisits per year: 0
Guest access: No
Lounge access not offered on this card
international Lounges
silverVisits per year: 0
Guest access: No
Lounge access not offered on this card
Insurance Coverage with Canara MasterCard Standard-Credit Card
Fraudulent Charge Cover
₹200,000As per bank policy
Baggage Insurance
₹25,000Coverage limits apply as per T&C
Purchase Protection
₹25,000Valid within 90 days of purchase
Accident Cover (Air)
₹400,000 (self)Air accident cover as per policy
Accident Cover (Other)
₹200,000 (self)As per T&C
Additional Features of Canara MasterCard Standard-Credit Card
EMI Conversion
Easy EMI conversion via Canara ai1 app; EMI charges apply.
EMI processing fee 2% (min ₹100/max ₹200) as per bank.
Rewards Redemption Portal
Redeem points at credit.canararewardz.com for cashback/goods.
Minimum redemption thresholds apply.
Welcome Bonus with Canara MasterCard Standard-Credit Card
Welcome Bonus: NA
Bonus Conditions: N/A
Application Process for Canara MasterCard Standard-Credit Card
Processing Time
7 business days (typical; subject to verification).
Online Application
Available
Instant Approval
Not Available
Step-by-Step Process
Apply online via Canara Bank credit cards page or branch
Upload KYC & income documents
Bank verification and credit assessment
Card dispatched typically within 7 business days after approval
Required Documents for Canara MasterCard Standard-Credit Card
ID Proof
allAccepted documents:
Address Proof
allAccepted documents:
Income Proof
salaried/self-employedAccepted documents:
Canara MasterCard Standard-Credit Card Merchant Acceptance Network
Domestic Acceptance
Wide coverage across India (PoS and e-commerce)
International Acceptance
Available (activate via netbanking/mobile or branch)
Online Acceptance
Yes
Payment Technologies
Mobile Wallet Support:
Excluded Merchants
Eligibility Criteria for Canara MasterCard Standard-Credit Card
Quick Eligibility Check
Minimum Age
18+
Credit Score
650+
Citizenship
Indian only
Income Requirements
Salaried Applicants
₹100,000
Minimum annual income
Self-Employed Applicants
₹100,000
Minimum annual income
Who Can Apply
Important Conditions
- Valid PAN and Aadhaar required; resident Indian with required income proof.
How Approval Is Decided
- Resident Indian with valid ID (PAN, Aadhaar)
- Minimum annual gross income ₹1,00,000 or as per bank segment
- Satisfactory credit profile (bank may require credit score)
Pros of Canara MasterCard Standard-Credit Card
- Lifetime free — zero joining and annual charges
- Consistent earn of 2 points/₹100 on everyday spends
- Low forex markup (around 3%) compared with many peers
Cons of Canara MasterCard Standard-Credit Card
- No complimentary airport lounge access
- Limited premium benefits and partner perks
- Rewards value depends on redemption via CanaraRewardz
Frequently Asked Questions about Canara MasterCard Standard-Credit Card
Do I get airport lounge access with this card?
No. Lounge access is not available on the Standard variant.
How do I convert purchases to EMI?
Easy EMI conversion is available through the Canara ai1 app; EMI processing fee and interest rates apply per transaction.
Is there a joining or annual fee for this card?
No. Canara MasterCard Standard Credit Card has no joining or annual fee (lifetime free as per Canara Bank T&C).
What is the reward earn rate?
You earn 2 reward points for every ₹100 spent on PoS and e-commerce transactions.
What is the forex markup on international transactions?
Foreign currency transactions attract up to a 3% markup (as per bank disclosure).
What happens if I don't meet the minimum annual turnover?
An inactivity fee of ₹100 may apply if annual turnover is less than ₹12,000 in the card year.
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