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Knowing all about different Canara Bank Credit Card charges is critical to compare it with other offerings and make an informed decision. These include late payment fees, annual fees, cash withdrawal fees, and others.
To keep your card active and utilise the available facilities, you need to pay various types of Canara Bank Credit Card fees and charges. To name a few, you may need to pay an annual fee, cash withdrawal charges, and charges for foreign transactions and other fees.
Remember that these charges that Canara Bank applies vary across different cards. Knowing these charges well in advance helps you choose a suitable card that decreases your borrowing costs.
When you obtain a card, you will generally need to pay an annual fee each year to keep your card active. The amount varies depending on the type of card offered by Canara Bank. However, this fee may be waived for some cards if you reach specific spending thresholds.
Credit Card |
Enrolment Fee |
Annual Fees |
|---|---|---|
Canara Bank RuPay Select Credit Card |
NIL |
NIL |
Canara Bank Mastercard World Credit Card |
NIL |
NIL |
Canara Bank Visa Platinum Credit Card |
NIL |
NIL |
Canara Bank RuPay Select Secured Credit Card |
NIL |
NIL |
Canara Bank Mastercard Platinum Credit Card |
NIL |
NIL |
Canara Bank Visa Corporate Credit Card |
₹250 + Taxes |
₹400 + Taxes (only for add-on cards) |
Canara Bank Visa Platinum Credit Card |
NIL |
NIL |
Canara Bank Mastercard Gold Credit Card |
NIL |
NIL |
Canara Bank Visa Gold Credit Card |
NIL |
NIL |
Canara Bank RuPay Platinum Secured Credit Card |
NIL |
NIL |
Canara Bank Mastercard Gold Secured Credit Card |
NIL |
NIL |
Canara Bank Visa Gold Secured Credit Card |
NIL |
NIL |
Canara Bank RuPay Classic Credit Card |
NIL |
NIL |
Canara Bank Mastercard Standard Credit Card |
NIL |
NIL |
Canara Bank Visa Classic Credit Card |
NIL |
NIL |
If you require immediate access to cash, you can use your card to withdraw funds from an ATM. Refer to the table below to see the associated charges:
Cash Withdrawal Charges |
3% with a minimum of ₹30 for every ₹1,000 or part thereof would be charged |
Disclaimer: The above-mentioned fees and charges are subject to change as per changes in the issuer’s policies.
These charges apply when you make foreign transactions based on the transaction amount. Please refer to the table below for details on the forex charges:
Foreign Currency Transaction Charges |
Up to 3% of the transaction amount |
Disclaimer: The above-mentioned fees and charges are subject to change as per changes in the issuer’s policies.
Another type of Canara Bank Credit Card charge and fee you must know about is the balance transfer fee. This fee is incurred when you move the balance from another card to a Canara Bank Credit Card.
It is usually calculated as a percentage of the amount you transfer to the new card.
If you fail to pay at least the minimum amount due by the payment due date, the card provider applies late payment charges. It generally depends on the amount due. In addition to this charge, interest also applies to the balance amount till you repay the entire due amount.
Refer to the table below to know the late payment charges:
Late Payment Charges |
₹250 + GST in addition to existing service charges (2.5% p.m., i.e. 30% p.a.) on carried-over balance |
Disclaimer: The above-mentioned Canara Bank credit card fees and charges are subject to change as per changes in the issuer’s policies.
If you use certain other services, different types of Canara Bank credit card charges & fees will apply. These may include:
Types of Charge |
General Range |
|---|---|
Copy of charge slip |
₹100 |
Collection charges for outstation cheques |
₹100 per instrument + other bank charges, if applicable |
Card replacement fee |
₹300 per card |
Cheque dishonour charges or unsuccessful payment instructions |
₹50 |
EMI processing fee |
2% of the transaction amount with a minimum of ₹100 and a maximum of ₹200 |
Disclaimer: The above-mentioned fees and charges are subject to change as per changes in the issuer’s policies.
The information provided by BFDL herein above is related to the Non-Partnered Banks/ NBFCs and is just for the purpose of information and under no circumstances the information provided hereinabove is intended to be source of advice or recommending any financial advice or endorsement of any sort.
The information including interest rates or fees and charges with regard to any credit card, provided on this website is gathered through publicly available sources over the internet and is considered as accurate and reliable to the best of our knowledge. BFDL disclaims any responsibility or liability regarding inaccuracies, omissions, mistakes etc. as well as offers by the Non-Partnered Banks or NBFCs. The use of information set out is entirely at the User’s own risk and User should exercise due care prior taking of any decision, on the basis of information mentioned hereinabove. You are advised to visit/ contact the respective Banks/ NBFCs to verify the information before making any application or opening an account. Further, BFDL does not undertake any responsibility or liability to update this information. YOU ARE SOLELY RESPONSIBLE FOR ANY LIABILITY OR DAMAGE YOU INCUR THROUGH ACCESS TO OR USE OF THE SITE OR SUCH INFORMATION OR MATERIALS EXCEPT WHERE THE LAWS AND REGULATIONS OF A PARTICULAR JURISDICTION CONCERNING WARRANTIES CANNOT BE WAIVED. Additionally, display of any trademarks, tradenames, logo and other subject matters of intellectual property owners. Display of such Intellectual Property along with the related product information does not imply BFDL’s partnership with the owner of the Intellectual Property of such products.
Yes, various types of Canara Bank credit card fees and charges apply, depending on the type of card you choose. These include fees and charges for card replacement, cash withdrawal, getting add-on cards, etc.
The charges for making cash withdrawals using your card are 3% with a minimum of ₹30 for every ₹1,000 or part thereof.
Yes, you need to pay a fee of up to 3% of the transaction amount.
Canara Bank charges a fee of ₹300 per card in case you want to replace the card for any reason.
You need to pay a charge of ₹100 per instrument in addition to any other bank charges, if applicable.
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