Canara RuPay Platinum Secured Credit Card
Canara Bank
Last updated: Dec 02, 2025
₹0
₹0
3%
10 visits/yr
Contents
Canara RuPay Platinum Secured Credit Card is a lifetime free, FD-backed credit card designed for beginners, credit-builders and conservative users who want premium RuPay Platinum benefits without paying annual fees. You enjoy 2 reward points per ₹100 on all POS and e-commerce spends, domestic and international acceptance, and convenient EMI conversion through the Canara ai1 app. The card adds strong value with complimentary airport lounge access, 3% forex markup (among the lowest in its segment), fuel surcharge waiver and comprehensive insurance coverage, all while using your fixed deposit as security instead of high income or credit score requirements.
Features of Canara RuPay Platinum Secured Credit Card which makes it unique
Lifetime Free Secured Card
Get the comfort of a premium RuPay Platinum platform without paying any joining or annual fee.
Ideal for first-time card users and credit rebuilders who want zero fixed cost and FD-backed safety.
Most secured cards from private banks charge annual fees or joining fees; this card keeps charges minimal.
Premium Lounge Access on an FD Card
Rare combination of complimentary domestic and international lounge access on a secured, FD-backed credit card.
Frequent travellers can relax at airport lounges even if they do not qualify for high-income premium cards.
Many entry-level secured cards skip lounge access, while this card offers quarterly domestic and annual international visits.
Rewards Structure of Canara RuPay Platinum Secured Credit Card
All Retail Spends
baseAll domestic and international POS and e-commerce transactions, excluding fuel, cash withdrawals, fees, interest and wallet loads as per bank and RuPay rules.
Reward rate is uniform across online and offline spends, tracked through the Canara Rewardz loyalty programme.
Canara Rewardz Redemptions
basePoints accumulated on eligible transactions and redeemed on Canara Rewardz website or Canara ai1 app.
You can redeem points for cashback-style statement credits, travel bookings, e-gift vouchers and lifestyle products through Canara Rewardz.
Fees & Charges of Canara RuPay Platinum Secured Credit Card
| Fee & Amount | Fee Value |
|---|---|
| Joining Fee | 0 |
| Annual Fee | 0 |
| Forex Markup Fee | 3% |
| Cash Advance Fee | 3% |
| Late Payment Fee | ₹500 |
| Over Limit Fee | ₹600 |
| Returned Payment Fee | ₹350 |
| Cash Withdrawal Fee | 3% |
Renewal Conditions:No renewal fee; the card is effectively lifetime free as long as you follow Canara Bank’s usage guidelines.
Fee Explanation There are no joining or annual fees. Cash withdrawals are typically charged at around 3% (₹30 per ₹1,000 withdrawn). A small inactivity fee applies if you do not meet the minimum annual spend, and late payment or overlimit fees are charged as per Canara Bank’s prevailing schedule.
Detailed Explanation of Canara RuPay Platinum Secured Credit Card Fees
Joining Fee: ₹0 (once)
No joining or enrolment fee is charged for the primary or add-on cards as per Canara Bank’s official credit card variant comparison.
Annual Fee: ₹0 (yearly)
No annual or renewal fee; the card is effectively lifetime free if you keep the account in good standing.
Inactivity Fee: ₹200 (yearly)
Charged if the expected minimum annual turnover of ₹50,000 on the card is not met for the Platinum variants.
Cash Withdrawal Fee: 3% (₹30 per ₹1,000) (transaction)
Cash advance fee charged at ₹30 for every ₹1,000 withdrawn at ATMs, subject to bank policy and GST.
Finance Charges: 24% p.a. (yearly)
Interest rate of 2% per month (24% per annum) on revolving balances and overdue amounts for secured credit cards after the interest-free period.
Forex Markup Fee: 3% (transaction)
3% markup on international transactions done in foreign currency, among the lowest in peer public-sector bank cards.
Fuel Surcharge: 1% (transaction)
1% fuel surcharge (minimum ₹10 plus taxes) is levied by networks, but up to ₹100 per billing cycle may be reimbursed as fuel surcharge waiver when you meet card fuel spend conditions.
Lounge Access Benefits with Canara RuPay Platinum Secured Credit Card
domestic Lounges
silverVisits per year: 8
Guest access: No
Complimentary domestic airport lounge access limited to 2 visits per quarter (maximum 8 visits per calendar year) for the primary cardholder at participating RuPay Platinum lounges. Lounge access is activated as per NPCI and Canara Bank rules, and may require a minimum quarterly spend threshold.
international Lounges
silverVisits per year: 2
Guest access: No
Up to 2 complimentary international airport lounge visits per year at select partner lounges on the RuPay network. Access and participating lounges are governed by NPCI/partner network terms and may change periodically.
Insurance Coverage with Canara RuPay Platinum Secured Credit Card
Fraudulent Transaction Cover
₹5,00,000Covers unauthorised or fraudulent card transactions as per Canara Cancare policy once the loss is reported and subject to policy terms.
Baggage Insurance
Up to ₹25,000Protects against loss of checked-in baggage while travelling, subject to coverage conditions and documentation.
Purchase Protection Cover
Up to ₹25,000Protects eligible purchases made with the card against loss or damage for a limited period from purchase date, as per policy terms.
Air Accident Cover
₹8,00,000 for self; ₹4,00,000 for spouseInsurance benefit in case of accidental death during air travel on tickets purchased using the card, under Canara Cancare policy terms.
Personal Accident Cover (Non-Air)
₹4,00,000 for self; ₹2,00,000 for spouseCovers accidental death or permanent disability other than air accidents, subject to exclusions and claim procedure.
Additional Features of Canara RuPay Platinum Secured Credit Card
EMI Conversion
Convert eligible large purchases into EMIs using the Canara ai1 app or customer care.
EMI conversion is subject to minimum transaction amount and applicable processing fee and interest rate as per Canara Bank’s EMI grid.
UPI and Contactless Support
RuPay credit card can be linked to compatible UPI apps and supports contactless ‘tap and pay’ transactions at NFC-enabled terminals.
Availability depends on NPCI and UPI app support. Per-transaction and daily limits for contactless and UPI transactions apply as per RBI and bank guidelines.
Global Acceptance via RuPay Network Partners
Card is accepted at domestic merchants on the RuPay network and at partner international networks for global usage.
International acceptance is available where RuPay/partner network is enabled. Forex markup and dynamic currency conversion charges apply on foreign currency transactions.
FD-Backed Secured Credit Limit
Credit card is issued against a fixed deposit held with Canara Bank, with credit limit generally linked to a percentage of FD value (often up to 80–90%).
Minimum FD amount and lien percentage are decided by Canara Bank’s internal policy, and the FD remains locked until the card is closed or lien is released.
Interest-Free Credit Period
Enjoy up to 50 days of interest-free credit on retail purchases from the date of transaction until the payment due date.
Valid only if you pay the total amount due by the due date; cash advances and revolving balances do not enjoy interest-free period.
Welcome Bonus with Canara RuPay Platinum Secured Credit Card
Welcome Bonus: NA
Bonus Conditions: The card does not offer a one-time welcome gift; value comes from ongoing rewards, lounge access, and zero annual fee.
Application Process for Canara RuPay Platinum Secured Credit Card
Processing Time
Typically 5–7 working days after FD creation and successful verification.
Online Application
Available
Instant Approval
Not Available
Step-by-Step Process
Once approved, the credit card and PIN are dispatched to your registered address. Activate the card via Canara Bank net banking, mobile app or helpline and set your PIN.
Link the card to Canara Rewardz and, where supported, to UPI apps, then start using it for POS, e-commerce and contactless transactions.
Visit the Canara Bank credit card section on the official website or go to your nearest Canara Bank branch.
Open a new fixed deposit or link an existing eligible FD and request issuance of the Canara RuPay Platinum Secured Credit Card.
Fill in the credit card application form with personal, contact and employment details and provide KYC documents.
Submit the form and allow the bank to mark a lien on your fixed deposit and complete internal verification.
Required Documents for Canara RuPay Platinum Secured Credit Card
ID Proof
allAccepted documents:
Address Proof
allAccepted documents:
Income Proof
salaried and self-employedAccepted documents:
Fixed Deposit Proof
all applicantsAccepted documents:
Canara RuPay Platinum Secured Credit Card Merchant Acceptance Network
Domestic Acceptance
Very strong acceptance at most merchants across India that support RuPay credit cards, including POS, e-commerce and billers.
International Acceptance
Accepted at overseas merchants and ATMs on partner networks where RuPay credit cards are enabled. Coverage is growing but may still be more limited than Visa or Mastercard in some countries.
Online Acceptance
Widely accepted on Indian online merchants, government portals, bill payment platforms and many international e-commerce sites that support RuPay or its partner networks.
Payment Technologies
Mobile Wallet Support:
Excluded Merchants
Eligibility Criteria for Canara RuPay Platinum Secured Credit Card
Quick Eligibility Check
Minimum Age
21+
Credit Score
700+
Citizenship
Indian residents only
Income Requirements
Salaried Applicants
₹200,000
Minimum annual income
Self-Employed Applicants
₹200,000
Minimum annual income
Who Can Apply
Important Conditions
- Issued against a fixed deposit with Canara Bank. Applicant must have a valid PAN, Aadhaar and KYC-compliant savings account. Minimum fixed deposit and lien amount are decided by the bank. Final eligibility and credit limit depend on internal policy and FD value.
How Approval Is Decided
- Minimum gross annual income of around ₹2,00,000, subject to bank policy for secured credit cards.
- Satisfactory KYC, internal risk checks and adherence to Canara Bank credit card policy.
- Eligible fixed deposit with sufficient value to support the requested credit limit and lien.
- Indian resident with stable financial profile and acceptable bureau history as assessed by the bank.
Pros of Canara RuPay Platinum Secured Credit Card
- No joining or annual fee while still offering RuPay Platinum lounge access and insurance benefits.
- Simple and transparent rewards: 2 points per ₹100 on all eligible POS and e-commerce spends.
- Secured against fixed deposit, making approval easier for users with low or thin credit profiles.
- Comprehensive insurance package, including air accident cover, purchase protection and fraud liability cover.
- Low-maintenance travel card with domestic and international acceptance and EMI conversion through the Canara ai1 app.
Cons of Canara RuPay Platinum Secured Credit Card
- Reward rate is modest compared to high-end premium or co-branded cards focused on travel and online spends.
- Expected minimum annual turnover of around ₹50,000 to avoid inactivity fee may not suit very low spenders.
- Benefits such as lounge access and RuPay partner offers can change over time and require tracking updated T&Cs.
- Being FD-backed, a portion of your savings remains locked as long as you keep the card active.
- Limited specialised category offers (such as high accelerated rewards on fuel, groceries or online shopping) compared to some private bank cards.
Frequently Asked Questions about Canara RuPay Platinum Secured Credit Card
Is there any joining or annual fee on the Canara RuPay Platinum Secured Credit Card?
No. As per Canara Bank’s official credit card variant comparison, the RuPay Platinum and RuPay Platinum Secured Credit Cards have NIL joining, annual and enrolment fees, making them effectively lifetime free as long as you maintain your account in good standing.
What is the minimum income required for the Canara RuPay Platinum Secured Credit Card?
Third-party eligibility sources and user reports indicate that Canara Bank generally expects a minimum gross annual income of around ₹2 lakh for this card, along with a fixed deposit lien. However, final approval always depends on Canara Bank’s internal credit policy and the value of your FD.
How many airport lounge visits do I get with this card?
You typically get up to 2 complimentary domestic airport lounge visits per quarter (capped at 8 visits per year) and around 2 complimentary international lounge visits per year at selected RuPay Platinum partner lounges. Exact limits and eligible lounges are published by Canara Bank and NPCI and may change over time.
What rewards do I earn on my spends with Canara RuPay Platinum Secured Credit Card?
You earn 2 reward points for every ₹100 spent on eligible POS and e-commerce transactions. Rewards are credited to your Canara Rewardz account and can be redeemed for travel, vouchers, merchandise or cashback-style redemptions through the Canara Rewardz portal or Canara ai1 app.
Do I need a fixed deposit to apply for this secured credit card?
Yes. The Canara RuPay Platinum Secured Credit Card is issued against a fixed deposit opened with Canara Bank. Your credit limit is linked to a percentage of the FD value, and a lien is marked on the deposit until the card is closed or the bank releases the lien.
Can I link this RuPay credit card to UPI apps and use it for contactless payments?
RuPay credit cards, including this Platinum Secured variant, are generally eligible for UPI linking on supported apps and also support contactless ‘tap and pay’ at enabled POS terminals. Availability depends on NPCI, your UPI app and Canara Bank’s implementation, and standard RBI limits apply for UPI and contactless usage.
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