Canara VISA Gold Secured Credit Card
Canara Bank
Last updated: Dec 02, 2025
₹0
₹0
3%
No lounge access
Contents
The Canara VISA Gold Secured Credit Card is an FD-backed credit card that gives you the spending power of a regular Visa Gold card while minimising approval stress and credit risk. You enjoy up to 50 days of interest-free credit, easy EMI conversion through the Canara ai1 app and global acceptance at millions of merchants and ATMs. With zero joining and annual fees, 2 reward points per ₹100 on eligible PoS and e-commerce transactions, and essential insurance covers, this secured card is ideal if you want to build or repair your credit score while keeping costs low.
Features of Canara VISA Gold Secured Credit Card which makes it unique
FD-Backed Secured Credit Line
Build or rebuild your credit score using a secured credit card that uses your fixed deposit as collateral instead of relying only on income documents.
Higher approval chance and potentially higher limit even for new-to-credit customers.
More accessible than unsecured Gold cards that require higher income and strong credit history.
Lifetime Free Structure
No joining, annual or enrolment fees, making this one of the most cost-effective secured credit cards from a major public sector bank.
Ideal for long-term credit score building without worrying about yearly fees.
Cheaper to hold than many private bank secured credit cards that charge annual fees.
Comprehensive Protection Suite
Includes fraudulent charge cover, baggage insurance, purchase protection and personal accident insurance for the cardholder and spouse.
Adds safety and peace of mind on everyday spends and travel.
Unusually strong insurance coverage for an entry-level secured Visa Gold card.
Rewards Structure of Canara VISA Gold Secured Credit Card
All Retail Spends
baseEligible PoS and e-commerce purchases in India and overseas on the Canara VISA Gold Secured Credit Card.
No reward points on cash withdrawals, fees, interest, EMI charges, wallet loads, fuel surcharge and other restricted merchant categories as per Canara Bank credit card policy.
Fees & Charges of Canara VISA Gold Secured Credit Card
| Fee & Amount | Fee Value |
|---|---|
| Joining Fee | 0 |
| Annual Fee | 0 |
| Forex Markup Fee | 3% |
| Cash Advance Fee | 3% |
| Late Payment Fee | ₹300 |
| Over Limit Fee | ₹500 |
| Returned Payment Fee | ₹350 |
| Cash Withdrawal Fee | 3% |
Renewal Conditions:Lifetime free credit card with no annual or renewal fee, subject to bank policy.
Fee Explanation Standard Canara Bank credit card charges apply, including 3% cash advance fee (min ₹30 per ₹1,000), up to 3% forex markup on international spends, late payment and overlimit fees as per the latest service charges schedule.
Detailed Explanation of Canara VISA Gold Secured Credit Card Fees
Inactivity Fee: ₹150 (yearly)
Charged if annual card turnover is below the minimum threshold as per bank’s credit card variants and features schedule.
Joining Fee: ₹0 (one-time)
No joining or enrolment fee for primary or add-on cards as per current Canara Bank policy.
Annual / Renewal Fee: ₹0 (yearly)
Lifetime free card; no annual or renewal charges, subject to bank policy changes.
Cash Advance Fee: 3% of transaction amount (transaction)
Minimum ₹30 for every ₹1,000 or part thereof withdrawn; cash limit up to 50% of credit limit, capped at ₹50,000 per month.
Forex Markup Fee: Up to 3% of transaction amount (transaction)
Applied on all international transactions done in foreign currency, plus applicable taxes.
Late Payment Fee: ₹300 (statement)
Charged if total amount due is not paid by the due date; additional interest continues on unpaid balances.
EMI Conversion Fee: 2% of transaction amount (transaction)
Minimum ₹100 and maximum ₹200 per EMI conversion through Canara ai1 app; EMI interest 13–14% p.a. depending on tenure.
Lounge Access Benefits with Canara VISA Gold Secured Credit Card
domestic Lounges
silverVisits per year: 0
Guest access: No
This secured credit card does not provide complimentary airport lounge access; lounge access may be available on higher Canara Bank variants such as Select, World or Signature cards.
Insurance Coverage with Canara VISA Gold Secured Credit Card
Fraudulent Charge Cover
₹5,00,000Protects against unauthorised transactions as per CANCARE Policy for Canara Bank cards, subject to timely reporting and policy terms.
Baggage Insurance
₹25,000Coverage for loss of checked-in baggage during travel booked using the card, as per policy terms.
Purchase Protection Cover
₹25,000Covers eligible retail purchases made on the card against loss or damage for a limited period, subject to CANCARE policy conditions.
Air Accident Cover
₹8,00,000 for self; ₹4,00,000 for spousePayable in case of death due to air accident while tickets are purchased using the card, as per insurance policy terms.
Personal Accident Cover (Non-Air)
₹4,00,000 for self; ₹2,00,000 for spouseCoverage for accidental death other than air accident, subject to policy terms and conditions.
Additional Features of Canara VISA Gold Secured Credit Card
Interest-Free Credit Period
Enjoy up to 50 days of interest-free credit on retail purchases from the date of transaction to the payment due date.
Applicable only when previous statement dues are paid in full by the due date.
Easy EMI Conversion
Convert large purchases into pocket-friendly EMIs directly via the Canara ai1 mobile app.
Available for eligible transactions above the minimum threshold; EMI conversion fee and interest apply.
Secured FD-Backed Limit
Credit limit is backed by your Canara Bank fixed deposit, making approvals easier for first-time or low-score users.
FD lien is marked in favour of the bank; credit limit is typically linked to a percentage of the FD amount.
Global Acceptance
Use the card at Visa-enabled ATMs and merchant outlets worldwide for shopping, dining, travel and online payments.
International usage must be enabled via net banking, mobile banking or by visiting the base branch.
Welcome Bonus with Canara VISA Gold Secured Credit Card
Welcome Bonus: Lifetime free
Bonus Conditions: No separate welcome offer; the card is issued with zero joining, annual and enrolment fees for all eligible secured card customers.
Application Process for Canara VISA Gold Secured Credit Card
Processing Time
3-5 working days after fixed deposit lien marking and successful document verification.
Online Application
Available
Instant Approval
Not Available
Step-by-Step Process
Select the Canara VISA Gold Secured Credit Card variant and provide basic personal and contact details.
Open or link an existing fixed deposit with Canara Bank and authorise lien marking against the FD for the desired credit limit.
Upload KYC documents such as PAN, Aadhaar and address proof or provide them at the branch for verification.
Once the bank completes internal checks and approves your application, the card is printed and dispatched to your registered address within a few working days.
Activate the card using net banking, mobile banking or the customer care number and set your PIN before first use.
Visit the Canara Bank website or nearest branch and choose the option to apply for a pre-approved or secured credit card.
Required Documents for Canara VISA Gold Secured Credit Card
ID Proof
allAccepted documents:
Address Proof
allAccepted documents:
Income / Asset Proof
allAccepted documents:
Canara VISA Gold Secured Credit Card Merchant Acceptance Network
Domestic Acceptance
Widely accepted at most Visa-enabled ATMs and merchant outlets across India, including supermarkets, fuel pumps, restaurants, retail stores and online merchants.
International Acceptance
Accepted globally at millions of Visa merchant outlets and ATMs for travel, shopping and online transactions once international usage is enabled.
Online Acceptance
true
Payment Technologies
Mobile Wallet Support:
Excluded Merchants
Eligibility Criteria for Canara VISA Gold Secured Credit Card
Quick Eligibility Check
Minimum Age
21+
Credit Score
650+
Citizenship
Indian only
Income Requirements
Salaried Applicants
₹300,000
Minimum annual income
Self-Employed Applicants
₹300,000
Minimum annual income
Who Can Apply
Important Conditions
- Card is issued as a secured credit card against a fixed deposit lien with Canara Bank; applicant must have valid PAN, Aadhaar, an active mobile number and satisfy the bank’s internal credit checks.
How Approval Is Decided
- Minimum age as per bank policy (usually 21 years or above).
- Indian resident with valid PAN, Aadhaar and active mobile number.
- Satisfactory banking relationship and credit behaviour as assessed by Canara Bank.
- Availability of a sufficient fixed deposit to back the requested credit limit.
- Compliance with Canara Bank’s KYC, risk and internal credit guidelines for secured credit cards.
Pros of Canara VISA Gold Secured Credit Card
- No joining, annual or renewal fee – ideal for long-term use.
- Secured against a fixed deposit, improving approval odds for new-to-credit users.
- Earn 2 reward points per ₹100 on eligible domestic and international retail spends.
- Up to 50 days interest-free credit and easy EMI conversion via Canara ai1 app.
- Strong protection benefits including fraudulent charge cover, purchase protection and accident insurance.
Cons of Canara VISA Gold Secured Credit Card
- Requires locking in funds as a fixed deposit to get the credit limit.
- No complimentary airport lounge access – better suited to everyday spends than frequent travellers.
- Reward rate is modest compared to premium cashback or co-branded cards.
- Fuel surcharge waiver is capped and subject to monthly spend conditions.
- No specialised category accelerators for dining, travel or online brands.
Frequently Asked Questions about Canara VISA Gold Secured Credit Card
What is the Canara VISA Gold Secured Credit Card and who should apply for it?
The Canara VISA Gold Secured Credit Card is an FD-backed Visa Gold credit card from Canara Bank that offers up to 50 days interest-free credit, global acceptance and reward points on eligible PoS and e-commerce transactions. It is best suited for beginners, self-employed users and anyone who wants to build or repair their credit score using a secured card with zero annual fees.
Is the Canara VISA Gold Secured Credit Card really lifetime free?
Yes, as per the latest Canara Bank credit card variants and features document, the VISA Gold Secured Credit Card has zero joining, annual and enrolment fees. The card is effectively lifetime free, although other usage charges such as interest, cash advance fee, EMI fee and late payment charges will still apply whenever you use the card.
How many reward points can I earn on the Canara VISA Gold Secured Credit Card?
You earn 2 reward points for every ₹100 spent on eligible PoS and e-commerce transactions made with the Canara VISA Gold Secured Credit Card. No reward points are given on cash withdrawals, fees, interest, EMI charges and other excluded categories mentioned in Canara Bank’s credit card policy. Reward points can usually be redeemed for vouchers, merchandise or statement credit via the bank’s rewards portal.
What are the eligibility criteria for the Canara VISA Gold Secured Credit Card?
To apply, you typically need to be at least 21 years old, an Indian resident with valid PAN and Aadhaar, and maintain a fixed deposit with Canara Bank that will be marked as lien for the secured limit. While generic income guidelines for Gold cards start around ₹3 lakh per annum, secured cards can be easier to get because the credit limit is backed by your FD and final approval is subject to the bank’s internal credit assessment.
Does the Canara VISA Gold Secured Credit Card offer fuel surcharge waiver and international usage?
Yes. Canara Bank credit cards generally offer a 1% fuel surcharge waiver up to ₹100 per billing cycle on eligible fuel transactions, subject to minimum ticket size and monthly non-fuel spend conditions. The card is internationally valid on the Visa network for PoS, ATM and online transactions once you enable global usage via net banking, mobile banking or by visiting your base branch.
What is the difference between Canara VISA Gold Secured Credit Card and the regular Visa Gold credit card?
Both cards share similar features like up to 50 days interest-free credit, 2 reward points per ₹100 on eligible transactions and global acceptance. The key difference is that the Canara VISA Gold Secured Credit Card is issued against a fixed deposit, making approval easier for new-to-credit or low-score users, while the regular Visa Gold card is unsecured and typically requires higher income and a stronger credit profile.
How can I apply for the Canara VISA Gold Secured Credit Card online?
You can visit the Canara Bank website, go to the Credit Cards section and choose the option to apply for a pre-approved or secured credit card. Select the VISA Gold Secured variant, provide your customer details, choose or open a fixed deposit for lien marking, upload KYC documents and complete the digital journey. The bank will verify your details and dispatch the card within a few working days after approval.
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