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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.
ON THIS PAGE: Types of Canara CC Charges | Charges of top Credit Card | FAQs
Some of the Canara credit card charges that you might come across under various scenarios are mentioned below:
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.
Canara Bank Credit Card Annual Charges: The Canara Bank credit card annual fee is the amount levied yearly to maintain your credit card account.
Canara Bank Credit Card Enrolment Fee: This is the amount of money charged when you enrol for a Canara credit card.
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.
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.
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.
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 |
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 |
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 |
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 |
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 |
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 |
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.
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.
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.