Canara Bank Credit Card Annual Fee

Canara Bank Credit Card Charges

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What are the Canara Bank Credit Card Charges?

**Disclaimer: Canara Bank is not a Finserv MARKETS partner. Offers would be from partner Banks/NBFCs only.

 

Canara Bank credit cards are designed to cater to and compliment your unique lifestyle requirements. You can use one for online shopping, retail purchases, utility bill payments, etc. However, to be able to use and manage your credit card efficiently, you must also be aware of the applicable Canara Bank credit card charges. Read on to know all about it.

 

What are the Different Types of Canara Bank Credit Card Charges and Fees?

Some of the Canara credit card charges that you might come across under various scenarios are mentioned below:

  1. Canara Credit Card Interest Rate: The interest rate or finance charge is the amount charged against the outstanding balance on your Canara Bank credit card statement post the due date. Do note that you are required to pay a minimum of 5% of the total outstanding due to be eligible for the revolving credit interest charges.

  2. Canara Bank Credit Card Annual Charges: The Canara Bank credit card annual fee is the amount levied yearly to maintain your credit card account.

  3. Canara Bank Credit Card Enrolment Fee: This is the amount of money charged when you enrol for a Canara credit card.

  4. Canara Bank Credit Card ATM Withdrawal Charges: Also known as the Canara Bank credit card cash withdrawal charges, this is the amount you must pay when you use the card to withdraw cash at an ATM. It is calculated as a percent of the transaction amount.

  5. Canara Bank Credit Card Inactivity Fee: As the name suggests, this charge is levied when you do not use a certain amount of money on your card in a stipulated time.

  6. Canara Bank Credit Card Late Payment Fee: This is the fee charged on the outstanding balance if you fail to clear the bill by the payment due date.

Top 6 Canara Credit Card Charges and Fees

1) Canara RuPay Select Credit Card

Canara Bank Credit Card Annual Charges

Nil

Canara Bank Credit Card Enrolment Fee

Nil

Canara Bank Credit Card Cash Withdrawal Fee

3% of the transaction amount subject to a minimum of ₹30/-for every ₹1,000 or part thereof

Canara Bank Credit Card Inactivity Fee

₹300/- per annum if the usage is below ₹1,00,000 per year

Canara Bank Credit Card Interest on Revolving Credit

2.5% per month

Canara Bank Credit Card Late Payment Charges

2% of outstanding balance + GST

2) Canara RuPay Platinum Credit Card

Canara Bank Credit Card Annual Charges

Nil

Canara Bank Credit Card Enrolment Fee

Nil

Canara Bank Credit Card Cash Withdrawal Fee

3% of the transaction amount subject to a minimum of ₹30/-for every ₹1,000 or part thereof

Canara Bank Credit Card Inactivity Fee

₹200/- per annum if the usage is below ₹50,000 per year

Canara Bank Credit Card Interest on Revolving Credit

2.5% per month

Canara Bank Credit Card Late Payment Charges

2% of outstanding balance + GST

3) Canara RuPay Secured Credit Card

Canara Bank Credit Card Annual Fee

Nil

Canara Bank Credit Card Enrolment Fee

Nil

Canara Bank Credit Card Cash Withdrawal Fee

3% of the transaction amount subject to a minimum of ₹30/-for every ₹1,000 or part thereof

Canara Bank Credit Card Interest on Revolving Credit

2% per month

Canara Bank Credit Card Late Payment Charges

2% of outstanding balance + GST

4) Canara Bank Credit Card: Classic/Standard

Canara Bank Credit Card Annual Fee

Nil

Canara Bank Credit Card Enrolment Fee

Nil

Canara Bank Credit Card Cash Withdrawal Fee

3% of the transaction amount subject to a minimum of ₹30/-for every ₹1,000 or part thereof

Canara Bank Credit Card Interest on Revolving Credit

2.5% per month

Canara Bank Credit Card Late Payment Charges

2% of outstanding balance + GST

5) Canara Bank Gold Credit Card

Canara Bank Credit Card Annual Fee

Nil

Canara Bank Credit Card Enrolment Fee

Nil

Canara Bank Credit Card Cash Withdrawal Fee

3% of the transaction amount subject to a minimum of ₹30/-for every ₹1,000 or part thereof

Canara Bank Credit Card Interest on Revolving Credit

2.5 % per month

Canara Bank Credit Card Late Payment Charges

2.5% of outstanding balance + GST

6) Canara Bank MasterCard WORLD Credit Card

Canara Bank Credit Card Annual Fee

Nil

Canara Bank Credit Card Enrolment Fee

₹2,000 (one-time)

Canara Bank Credit Card Cash Withdrawal Fee

3% of the transaction amount subject to a minimum of ₹30/-for every ₹1,000 or part thereof

Canara Bank Credit Card Interest on Revolving Credit

2.5% per month

Canara Bank Credit Card Late Payment Charges

2% of outstanding balance + GST

 

FAQs on Canara Credit Card Charges

  • ✔️Are there any charges for Canara Bank credit card?

    Yes, certain charges are levied on Canara bank credit cards. These include Canara Bank credit card annual charges, enrolment fee, cash withdrawal charges, interest charges on revolving credit, inactivity fees, etc.

  • ✔️What is the Canara Bank credit card annual fee?

    The Canara Bank credit card annual fee is the amount levied against your card for maintenance. However, most Canara Bank credit cards do not levy an annual fee.

  • ✔️Are there any late payment fee for Canara credit card?

    If you fail to clear your Canara Bank credit card bill by the payment due date, you will be charged a late payment fee. This will be 2% of outstanding balance plus GST.