Canara Bank Visa Signature Credit Card
Canara Bank
Last updated: Jan 06, 2026
₹0
₹0
3%
16 visits/yr
Contents
The Canara Bank Visa Signature Credit Card is a premium, lifetime-free credit card designed for affluent salaried and self-employed customers who want global acceptance, simple rewards and airport lounge access without paying annual fees. You earn reward points on every eligible POS and e-commerce transaction and can convert big-ticket spends into EMIs through the Canara ai1 app. With complimentary domestic and international airport lounge access, built-in travel and purchase protection insurance, and Visa Signature lifestyle benefits, this card suits frequent travellers and high-spend users seeking a no-frills, PSU-backed premium credit card. Overall, the Canara Bank Visa Signature Credit Card review shows strong value for those who prefer a safe, rewards-plus-travel card from a trusted public sector bank.
Features of Canara Bank Visa Signature Credit Card which makes it unique
Lifetime Free Visa Signature
Premium Visa Signature metal-plastic experience without any joining or annual fees.
Get high-end features, lounge access and insurance at zero annual cost.
Rare lifetime free Visa Signature card from a PSU bank.
Simple Rewards Structure
Flat reward points on almost all POS and online spends with no complicated category rules.
Easy-to-understand earn rate for everyday shopping, travel and dining.
Cleaner than many private bank cards with rotating categories.
Rewards Structure of Canara Bank Visa Signature Credit Card
Base Rewards
baseAll eligible POS and e-commerce transactions in India and abroad, excluding fuel, rent, wallet loads, insurance and other restricted MCCs as per bank policy.
Simple base reward structure with ~0.5% effective value assuming 1 point ≈ ₹0.25, redeemable via Canara Rewardz portal.
Fees & Charges of Canara Bank Visa Signature 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 | ₹300 |
| Cash Withdrawal Fee | 3% |
Renewal Conditions:Lifetime free credit card with zero joining fee, zero annual fee and no renewal spend condition as per current Canara Bank schedule.
Fee Explanation Cash withdrawal is charged at 3% of the amount (minimum ₹30 per ₹1,000 or part thereof). Interest on revolving balances is 2.5% per month (30% p.a.), and late payment fee of ₹250 + GST applies for delayed payments as per Canara Bank credit card MITC and tariff sheets.
Detailed Explanation of Canara Bank Visa Signature Credit Card Fees
Joining Fee: ₹0 (one-time)
No joining fee; card is issued as lifetime free as per current Canara Bank policy.
Annual Fee: ₹0 (yearly)
No annual or renewal fee; no minimum spend required to keep the card free.
Cash Advance Fee: 3% (transaction)
3% of cash withdrawal amount, minimum ₹30 for every ₹1,000 or part thereof.
Late Payment Fee: ₹250 (per_instance)
Charged if payment is made after the due date, over and above standard finance charges.
Finance Charges: 2.5% per month (monthly)
Equivalent to 30% p.a. on carried forward balances when you do not pay the total amount due.
Foreign Currency Markup: 3% (transaction)
Charged on the INR value of international transactions routed via Visa network, plus applicable taxes.
Lounge Access Benefits with Canara Bank Visa Signature Credit Card
domestic Lounges
silverVisits per year: 12
Guest access: No
Up to 3 complimentary domestic airport lounge visits per quarter for the primary cardholder at participating Visa Signature lounges, subject to network and bank terms.
international Lounges
silverVisits per year: 4
Guest access: No
Up to 1 complimentary international airport lounge visit per quarter for the primary cardholder via Visa Signature programme, at select overseas lounges.
Insurance Coverage with Canara Bank Visa Signature Credit Card
Air Accident Cover
₹8,00,000 for primary cardholder; ₹4,00,000 for spouseValid for accidental death due to air accident when travel tickets are booked using the Canara Bank credit card, as per policy wording.
Personal Accident Cover (Non-Air)
₹4,00,000 for primary cardholder; ₹2,00,000 for spouseCovers accidental death or permanent disability other than air accidents, subject to insurer terms and exclusions.
Baggage Insurance
Up to ₹25,000Covers loss of checked-in baggage during eligible journeys; claims subject to documentation and insurer approval.
Purchase Protection
Up to ₹25,000Protects eligible retail purchases made on the card against fire, burglary or theft for a limited period from date of purchase.
Additional Features of Canara Bank Visa Signature Credit Card
Contactless Payments
Tap-and-pay enabled Visa Signature credit card for small-ticket transactions at compatible POS terminals.
Contactless transaction limits and PIN requirements follow RBI and Visa guidelines.
EMI Conversion
Easy EMI conversion for high-value purchases through the Canara ai1 mobile app.
EMI conversion fee typically 2% of transaction value (minimum ₹100, maximum ₹200) and interest rate around 13–14% p.a., as per latest EMI grid.
High Credit Limit
Premium credit limit ranging roughly from ₹1.5 lakh to ₹50 lakh depending on profile and underwriting.
Final limit is decided by Canara Bank based on income, bureau score and internal policies.
Add-on Cards
Facility to issue supplementary credit cards for close family members above 18 years.
Primary cardholder is fully liable for all add-on card spends and charges.
Welcome Bonus with Canara Bank Visa Signature Credit Card
Welcome Bonus: NA
Bonus Conditions: Canara Bank does not currently specify any welcome or joining bonus on this card; benefits come from ongoing rewards, airport lounge access and Visa Signature lifestyle offers.
Application Process for Canara Bank Visa Signature Credit Card
Processing Time
Typically 7–10 working days after successful document verification and underwriting.
Online Application
Available
Instant Approval
Not Available
Step-by-Step Process
Visit the Canara Bank website or nearest branch and choose the Canara Bank Visa Signature Credit Card.
Fill in the credit card application form with personal, employment and income details.
Submit KYC and income documents such as PAN, Aadhaar, address proof and salary slips or ITR.
Canara Bank verifies your documents, checks credit bureau records and decides the credit limit.
On approval, the Visa Signature credit card is printed, dispatched and delivered to your mailing address.
Activate the card via customer care, ATM or net banking and set your PIN before first use.
Required Documents for Canara Bank Visa Signature Credit Card
ID Proof
allAccepted documents:
Address Proof
allAccepted documents:
Income Proof
salariedAccepted documents:
Income Proof
self_employedAccepted documents:
Canara Bank Visa Signature Credit Card Merchant Acceptance Network
Domestic Acceptance
Widely accepted across India at lakhs of Visa-enabled POS terminals, e-commerce websites, fuel pumps, supermarkets and travel merchants.
International Acceptance
Accepted globally at millions of merchants and ATMs on the Visa network in over 200 countries and territories.
Online Acceptance
Yes
Payment Technologies
Mobile Wallet Support:
Excluded Merchants
Eligibility Criteria for Canara Bank Visa Signature Credit Card
Quick Eligibility Check
Minimum Age
21+
Credit Score
700+
Citizenship
Indian residents only
Income Requirements
Salaried Applicants
₹83,333
Minimum annual income
Self-Employed Applicants
₹100,000
Minimum annual income
Who Can Apply
Important Conditions
- Applicant should have a stable income, a clean repayment history and a valid PAN and Aadhaar. Existing relationship with Canara Bank improves approval chances.
How Approval Is Decided
- Minimum age 21 years and stable employment or business continuity.
- Gross annual income typically around ₹10 lakh or more for non-staff applicants.
- Good credit history with no major recent delinquencies and a healthy credit score (around 700+).
- Satisfactory internal risk assessment by Canara Bank at the time of underwriting.
Pros of Canara Bank Visa Signature Credit Card
- Lifetime free structure with zero joining and annual fees makes it very cost-effective.
- Complimentary domestic and international airport lounge access enhances travel comfort.
- Flat 2 reward points per ₹100 on eligible spends keeps rewards simple and predictable.
- Strong travel, accident and purchase protection insurance coverage for cardholders.
- High potential credit limit suits affluent customers and frequent travellers.
Cons of Canara Bank Visa Signature Credit Card
- No welcome bonus or milestone benefits, so heavy spenders may get better value from premium private bank cards.
- No explicit accelerated rewards on specific categories such as online shopping, fuel or dining.
- Fuel, wallet loads, rent, insurance and certain MCCs may not earn reward points as per policy.
- Forex markup of around 3% is standard, not low, for international transactions.
- Online application journeys may still require branch-level documentation and manual approval.
Frequently Asked Questions about Canara Bank Visa Signature Credit Card
Is the Canara Bank Visa Signature Credit Card lifetime free?
Yes, the Canara Bank Visa Signature Credit Card is currently issued as a lifetime free credit card with no joining fee and no annual or renewal fee, as per the latest Canara Bank credit card features and tariff details.
What is the reward rate on the Canara Bank Visa Signature Credit Card?
You earn a flat 2 reward points per ₹100 spent on eligible POS and e-commerce transactions. Based on typical redemption value of about ₹0.25 per point, this works out to roughly 0.5% value back in rewards.
Does the Canara Bank Visa Signature Credit Card offer airport lounge access?
Yes, the card provides complimentary domestic and international airport lounge access via the Visa Signature programme. You typically get up to 3 domestic lounge visits per quarter and 1 international lounge visit per quarter for the primary cardholder at participating lounges.
What is the minimum income required for the Canara Bank Visa Signature Credit Card?
For regular customers, Canara Bank generally expects a minimum gross annual income of around ₹10 lakh for the Visa Signature variant. Bank staff have lower internal thresholds. Exact eligibility is decided by the bank at the time of application.
Is the Canara Bank Visa Signature Credit Card good for international travel?
The card is globally accepted on the Visa network and includes complimentary international lounge access and travel insurance, which make it a solid option for international travellers. However, the forex markup of about 3% is standard, not low, so heavy foreign currency users might prefer a dedicated low-forex travel card.
How can I apply for the Canara Bank Visa Signature Credit Card?
You can start the process online through the Canara Bank website or visit a Canara Bank branch to submit the credit card application form along with KYC and income documents. The bank will review your profile, assign a credit limit and dispatch the card after approval.
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