Canara Bank MasterCard World Credit Card
Canara Bank
Last updated: Nov 29, 2025
₹0
₹0
3%
14 visits/yr
Contents
Canara Bank MasterCard World Credit Card is a premium, lifetime-free credit card designed for affluent and frequent travellers who want global acceptance, complimentary airport lounge access and strong everyday rewards without paying annual fees. It offers up to 50 days of interest-free credit, 2 reward points per ₹100 on POS and e-commerce transactions and a generous fuel surcharge waiver structure, backed by free insurance covers for travel, purchases and fraudulent charges. With high credit limits, EMI conversion via the Canara ai1 app, and powerful Mastercard World benefits, this card suits high-income professionals and HNIs looking for a value-packed, rewards-heavy Canara Bank credit card for both domestic and international use.
Features of Canara Bank MasterCard World Credit Card which makes it unique
Lifetime Free Premium Mastercard World Card
Combines zero joining and annual fees with premium lounge access, high limits and global Mastercard World privileges.
Delivers premium travel and lifestyle benefits without recurring card fees.
Many competing World or Signature cards charge annual fees or require high spend-based waivers.
Generous Lounge Access with Guest Visits
3 self + 2 guest complimentary domestic lounge visits per quarter and 2 self + 2 guest international lounge visits per year.
Lets you and your family enjoy airport comfort on most trips in a year.
Guest access on both domestic and international lounges is rare among lifetime free cards.
Strong Insurance and Protection Suite
Multiple built-in covers for accidents, baggage, purchases and fraudulent charges.
Adds safety to high-value travel and shopping spends at no extra premium cost.
Coverage amounts are competitive for a zero annual fee PSU-bank credit card.
Rewards Structure of Canara Bank MasterCard World Credit Card
Base Rewards – POS and E-Commerce
acceleratedAll eligible retail spends at point-of-sale and online merchants, excluding fuel, cash withdrawals, fees and other restricted categories.
Reward Points can be redeemed on Canara Rewardz for cashback, vouchers and merchandise; 1 point is typically worth around ₹0.25 in value-oriented redemptions.
Travel, Dining and Lifestyle Spends
baseFlights, hotels, restaurants, entertainment, apparel and other lifestyle purchases made on POS or online within India or abroad.
Ideal for high-ticket travel and dining bills where you also enjoy airport lounge access and Mastercard World travel privileges.
Utilities, Groceries and Everyday Bills
baseUtility payments, groceries, medical spends and other day-to-day purchases routed as standard POS or e-commerce transactions.
Some utility or wallet transactions may not earn points depending on merchant category codes; always refer to the latest Canara Rewardz terms.
Non-Eligible Transactions
baseCash withdrawals, interest, fees, penalties, disputed or cancelled transactions, balance transfers and forex purchase.
These transactions do not earn any Reward Points as per the Canara Rewardz credit card programme terms.
Milestones of Canara Bank MasterCard World Credit Card
Annual Activity Threshold
₹1,00,000 in eligible spends during a card year : Avoid the ₹300 card inactivity fee and continue enjoying lifetime free benefits.
Fees & Charges of Canara Bank MasterCard World 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 | 3% |
Renewal Conditions:Lifetime free credit card with no joining or annual renewal fee; inactivity fee applies if spends are below ₹1 lakh a year.
Fee Explanation Standard Canara Bank tariffs apply on revolving balances, cash advances and service charges. Interest is 2.5% per month (30% p.a.) on unpaid dues, with separate fees for cash withdrawal, late payment, EMI and other services as per the bank’s schedule of charges.
Detailed Explanation of Canara Bank MasterCard World Credit Card Fees
Joining Fee: ₹0 (one-time)
No joining or enrolment fee; lifetime free primary card.
Annual Fee: ₹0 (yearly)
No annual or renewal fee; inactivity fee may apply if annual spends are below ₹1 lakh.
Inactivity Fee: ₹300 (yearly)
Charged if card turnover during the card year is less than ₹1,00,000.
Cash Advance Fee: 3% (min ₹30 per ₹1,000 or part thereof) (transaction)
Applied on each cash withdrawal; interest charges are separate at 2.5% per month on the withdrawn amount until repaid.
Late Payment Fee: ₹250 + GST (per statement cycle)
Charged if payment is made after the due date; interest on carried-forward balance continues at 2.5% per month.
Foreign Currency Markup: 3% of transaction value (transaction)
Markup on international transactions done in foreign currency, plus applicable GST.
Cheque Dishonour / Returned Payment Fee: ₹50 (per instance)
Charged for dishonoured cheque or failed payment instructions.
Card Replacement Fee: ₹300 (per card)
Applicable for both primary and add-on replacement cards.
Fuel Surcharge: 1% of transaction value (min ₹10) (transaction)
Surcharge is levied on fuel transactions; up to ₹100 per billing month is refunded if monthly retail spends are at least ₹2,500 and per fuel transaction is at least ₹400.
Lounge Access Benefits with Canara Bank MasterCard World Credit Card
domestic Lounges
silverVisits per year: 12
Guest access: Yes
Complimentary access for 3 self visits plus 2 guest visits per quarter at participating domestic airport lounges, subject to Mastercard World lounge programme terms.
international Lounges
silverVisits per year: 2
Guest access: Yes
Complimentary access for 2 self visits plus 2 guest visits per year at select international airport lounges on the Mastercard World network.
Insurance Coverage with Canara Bank MasterCard World Credit Card
Fraudulent Charge / Lost Card Liability Cover
Up to ₹5,00,000Cover applies for unauthorised transactions after reporting card loss to the bank, as per Canara Cancare and lost card liability policy.
Baggage Insurance
Up to ₹25,000Covers loss or damage to checked-in baggage on air travel booked using the card, as per policy terms.
Purchase Protection
Up to ₹25,000Protects eligible retail purchases against accidental damage or theft for a limited period from purchase date.
Air Accident Cover
₹8,00,000 for primary cardholder; ₹4,00,000 for spousePayable in case of death due to an air accident when tickets are booked using the card and subject to the insurer’s terms.
Non-Air Accident Cover
₹4,00,000 for primary cardholder; ₹2,00,000 for spouseCoverage for accidental death other than air accidents, subject to policy exclusions and claim procedure.
Additional Features of Canara Bank MasterCard World Credit Card
Easy EMI Conversion via Canara ai1 App
Convert large purchases into EMIs directly through the Canara ai1 mobile app.
EMI processing fee of 2% of transaction (min ₹100, max ₹200) and interest rate of 13–14% p.a., with 2% pre-closure charges on the outstanding principal.
High Credit Limit
Credit limit can go up to ₹50,00,000 per month for eligible VVIP customers.
Final limit is assigned by the bank based on income, profile and internal credit assessment.
Personalised Card Design
Option to choose a custom background image on the card for a more personalised look.
Image must meet Canara Bank’s resolution and content guidelines and be uploaded via the bank’s portal.
Contactless and Chip Security
EMV chip and contactless tap-to-pay for faster and more secure in-store payments.
Tap-to-pay is typically enabled for low-value transactions within regulator-defined limits.
Add-on Cards
Up to 4 add-on cards for immediate family members above 18 years.
Add-on usage shares the primary card credit limit and appears in a consolidated statement.
Welcome Bonus with Canara Bank MasterCard World Credit Card
Welcome Bonus: NA
Bonus Conditions: Currently, Canara Bank does not offer any introductory bonus on this card; benefits are purely ongoing.
Application Process for Canara Bank MasterCard World Credit Card
Processing Time
7-10 working days after successful verification of application and documents.
Online Application
Not Available
Instant Approval
Not Available
Step-by-Step Process
Visit your primary Canara Bank branch or contact your relationship manager to express interest in the Canara Bank MasterCard World Credit Card.
Fill in the credit card application form and provide KYC and income documents, including PAN, Aadhaar and proof of income.
Canara Bank performs internal eligibility, credit bureau and risk assessment based on your profile and banking relationship.
On approval, your credit limit is set, the card is personalised and dispatched to your registered address with a separate PIN mailer or PIN setup instructions.
Activate the card, enable international usage if required through net banking or mobile banking and register on Canara Rewardz to track and redeem reward points.
Required Documents for Canara Bank MasterCard World Credit Card
ID Proof
allAccepted documents:
Address Proof
allAccepted documents:
Income Proof
salariedAccepted documents:
Income Proof
self_employedAccepted documents:
Canara Bank MasterCard World Credit Card Merchant Acceptance Network
Domestic Acceptance
Wide domestic acceptance at most Mastercard-enabled merchants and ATMs across India for shopping, dining, travel and everyday spends.
International Acceptance
Global acceptance at millions of merchants and ATMs on the Mastercard network in over 200 countries.
Online Acceptance
Fully enabled for e-commerce, travel bookings, bill payments and other online spends with OTP-based 3D Secure verification.
Payment Technologies
Mobile Wallet Support:
Excluded Merchants
Eligibility Criteria for Canara Bank MasterCard World Credit Card
Quick Eligibility Check
Minimum Age
21+
Credit Score
700+
Citizenship
Indian only
Income Requirements
Salaried Applicants
₹85,000
Minimum annual income
Self-Employed Applicants
₹85,000
Minimum annual income
Who Can Apply
Important Conditions
- Independent income with a minimum gross annual income of around ₹10 lakh is typically expected for individuals. Staff members have lower internal income thresholds. Final approval is subject to Canara Bank’s internal credit policy and documentation checks.
How Approval Is Decided
- Minimum gross annual income of around ₹10 lakh for individual customers or as per latest Canara Bank policy for VVIP customers.
- Indian resident with stable income and satisfactory credit bureau history.
- Existing or newly established banking relationship with Canara Bank, subject to branch-level approval.
- Clean repayment track record on existing loans and credit cards, with a recommended credit score of 700 or higher.
Pros of Canara Bank MasterCard World Credit Card
- Lifetime free premium card with no joining or annual fee, ideal for long-term use.
- Flat 2 Reward Points per ₹100 on eligible POS and online spends, making it easy to maximise rewards.
- Complimentary domestic and international airport lounge access with guest entry privileges.
- Robust insurance coverage for travel, purchases and fraudulent transactions.
- High potential credit limit suitable for high-income and VVIP Canara Bank customers.
Cons of Canara Bank MasterCard World Credit Card
- High income requirement makes it difficult for beginners or low-income users to qualify.
- Foreign currency markup of 3% is standard but not the lowest among premium travel cards.
- No traditional welcome bonus or milestone vouchers; value is focused on ongoing benefits.
- Fuel surcharge waiver is capped at ₹100 per month, which may be low for heavy fuel users.
Frequently Asked Questions about Canara Bank MasterCard World Credit Card
Is the Canara Bank MasterCard World Credit Card really lifetime free?
Yes, as per the latest Canara Bank information, the Canara Bank MasterCard World Credit Card has no joining or annual fee. However, a ₹300 inactivity fee may be charged if your annual card spends are below ₹1,00,000 in a card year.
How many airport lounge visits do I get on the Canara MasterCard World Credit Card?
You get complimentary airport lounge access under the Mastercard World programme – typically 3 self visits plus 2 guest visits per quarter at domestic lounges and 2 self visits plus 2 guest visits per year at select international lounges, subject to the latest Mastercard and Canara Bank terms.
What rewards do I earn on the Canara Bank MasterCard World Credit Card?
You earn 2 Reward Points for every ₹100 spent on eligible POS and e-commerce transactions. Reward Points can be redeemed on the Canara Rewardz portal for cashback, gift vouchers, merchandise and more, making this a strong everyday rewards credit card.
What is the income requirement for the Canara MasterCard World Credit Card?
Canara Bank typically expects independent income with a minimum gross annual income of around ₹10 lakh for individuals to qualify for the MasterCard World Credit Card. Staff members may have lower internal income thresholds, and final approval depends on the bank’s credit assessment.
Is the Canara MasterCard World Credit Card good for international travel?
Yes, it is a strong option for international travel thanks to global Mastercard acceptance, airport lounge access, up to 50 days of interest-free credit and multiple insurance covers. However, the 3% foreign currency markup is standard rather than low, so heavy forex users may compare it with specialised travel cards.
Does the Canara Bank MasterCard World Credit Card offer fuel surcharge waiver?
Yes, a 1% fuel surcharge (minimum ₹10) is levied on fuel transactions, but up to ₹100 per billing month is refunded when monthly retail spends are at least ₹2,500 and each eligible fuel transaction is at least ₹400, as per the bank’s current tariff structure.
How can I apply for the Canara Bank MasterCard World Credit Card?
You can begin by contacting your home Canara Bank branch or relationship manager, since this card is usually issued to high-income or VVIP customers. You may need to fill the credit card application form, submit KYC and income documents and wait for internal approval and card dispatch.
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