Canara Rupay Platinum Credit Card
Canara Bank
Last updated: Feb 03, 2026
₹0
₹0
3%
1 visits/yr
Contents
Canara Bank's RuPay Platinum is an entry-level, lifetime-free credit card aimed at first-time cardholders and everyday spenders. It offers a straightforward rewards model, basic insurance covers and complimentary airport lounge access on select variants. The card prioritises low cost of ownership (no joining or annual fee) and wide acceptance across India and online channels.
Features of Canara Rupay Platinum Credit Card which makes it unique
Low Cost Ownership
No joining or annual fees
Keeps lifetime cost of the card near zero
Better for new users compared with fee-bearing entry cards
Canara Rewardz
Centralised loyalty programme for point accumulation and redemption
Points accumulate on everyday spends and can be redeemed for vouchers
Simple fixed-point earning (no complex category multipliers)
Rewards Structure of Canara Rupay Platinum Credit Card
Base Rewards
baseAll retail transactions (online & offline)
Standard earn rate under Canara Rewardz loyalty programme.
Fees & Charges of Canara Rupay Platinum 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 | ₹500 |
| Returned Payment Fee | ₹350 |
| Cash Withdrawal Fee | 3% |
Renewal Conditions:Lifetime free: no annual / renewal fee
Fee Explanation All charges are exclusive of GST. Finance charges: 2.5% per month (approx. 30% p.a.) on outstanding balances. Tariff is subject to change—refer to Canara Bank tariff sheet.
Detailed Explanation of Canara Rupay Platinum Credit Card Fees
Joining Fee: 0 (one-time)
No joining fee (lifetime free)
Annual Fee: 0 (yearly)
No annual fee (lifetime free)
Finance Charges: 2.5% per month (monthly)
Applied on outstanding balances; approximate 30% p.a.
Cash Withdrawal Fee: 3% (min ₹30 per ₹1,000) (transaction)
Charges applicable for cash advances/ATM withdrawals
Lounge Access Benefits with Canara Rupay Platinum Credit Card
domestic Lounges
silverVisits per year: 1
Guest access: No
Complimentary access on select airport lounges as per bank offers/variants
Insurance Coverage with Canara Rupay Platinum Credit Card
Baggage / Purchase Protection
₹25,000Purchase protection subject to T&C; refer bank insurance booklet.
Accidental Death & Permanent Disability
Up to ₹4,00,000 (cardholder)Benefit limits vary by variant; refer Canara Bank policy documents.
Additional Features of Canara Rupay Platinum Credit Card
Contactless Payments
Chip & contactless-enabled for tap-and-pay transactions
Easy EMI Conversion
Convert eligible purchases into EMIs through Canara mobile app
EMI conversion charges apply; refer tariff
Welcome Bonus with Canara Rupay Platinum Credit Card
Welcome Bonus: NA
Bonus Conditions:
Application Process for Canara Rupay Platinum Credit Card
Processing Time
5-10 business days
Online Application
Available
Instant Approval
Not Available
Step-by-Step Process
Apply online via Canara Bank portal or at a branch
Upload KYC and income documents (if applicable)
Bank completes verification and KYC checks
Card dispatched within 5-10 business days after approval
Required Documents for Canara Rupay Platinum Credit Card
ID Proof
allAccepted documents:
Address Proof
allAccepted documents:
Income Proof
salariedAccepted documents:
Canara Rupay Platinum Credit Card Merchant Acceptance Network
Domestic Acceptance
Wide coverage across India (RuPay network)
International Acceptance
International usage available after activation (subject to variant and RBI/NPCI rules)
Online Acceptance
Accepted on e-commerce sites supporting RuPay
Payment Technologies
Mobile Wallet Support:
Excluded Merchants
Eligibility Criteria for Canara Rupay Platinum Credit Card
Quick Eligibility Check
Minimum Age
18+
Credit Score
650+
Citizenship
Indian only
Income Requirements
Salaried Applicants
₹8,333
Minimum annual income
Self-Employed Applicants
₹10,000
Minimum annual income
Who Can Apply
Important Conditions
- Applicant must hold a valid PAN and Aadhaar; resident Indian as per Canara Bank norms.
How Approval Is Decided
- Minimum annual income of approx. ₹1,00,000 (or ~₹8,333/month)
- Resident Indian with valid KYC documents
- Satisfactory credit history (generally 650+ credit score expected)
Pros of Canara Rupay Platinum Credit Card
- Lifetime free (no joining/annual fee)
- Straightforward rewards at 2 pts/₹100 for all transactions
- Basic travel and purchase insurance included
Cons of Canara Rupay Platinum Credit Card
- Low reward value compared with premium cards
- No significant category accelerators (e.g., dining or travel)
- Limited premium benefits and partner transfer options
Frequently Asked Questions about Canara Rupay Platinum Credit Card
Is there a joining or annual fee?
No. Canara RuPay Platinum carries no joining or annual fee — it is a lifetime free card.
What is the reward earning rate?
You earn 2 reward points for every ₹100 spent on eligible transactions under Canara Rewardz.
Are there any welcome offers?
No welcome bonus is presently advertised on Canara Bank's official product page.
What are the finance charges on unpaid balances?
Finance charges are approximately 2.5% per month (around 30% p.a.) on outstanding amounts—refer to the bank tariff for exact computation.
Is there a cash withdrawal fee?
Yes. Cash advances / ATM withdrawals attract a fee (typically 3% of the transaction amount, subject to a minimum).
How do I redeem reward points?
Points are managed via the Canara Rewardz programme and can be redeemed for vouchers or products as per Canara Rewardz catalogues and rules.
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