Canara Bank Credit Cards are better known by the name of Cancard. Get the convenience of coverage of more than 2600 branches and a nationwide ATM network with your Canara Bank credit card. It is acceptable at all international VISA and MasterCard accepting merchant establishments. Besides the international and national coverage, Cancard has 24 service centres in all major cities in the country. Canara Bank is the only institution carrying an ISO 9001:2000 certification for the card services.
Canara Bank Credit Card is available to everyone with the basic requirement being only Rs. 60, 000 per annum gross income.
The features of Canara Bank Credit Cards include:
- The easy and quick documentation and application procedures have made it a popular product among all credit card users.
- The credit limit can vary between 30% of the gross annual income upto a maximum of Rs. 3 lakh.
- The free-credit period is pre-decided by Canara Bank that can be between 20 – 50 days.
- Cash withdrawals of upto 50% of the credit limit are allowed at a service charge of Rs. 30 per thousand at over 450 branches and all Canara Bank ATMs spread across India.
- No interest rate is charged on the cash withdrawn if the dues are duly filled within the set date.
- Revolving payments system can be chosen that offers payment of only 5 % of the due bill amount and carrying over the balance at nominal interest rates.
- Lost card liability restricted to just Rs. 1,000 only from the reporting time.
- Free lost card replacement.
- Complementary insurance cover.
- You become eligible for Loyalty or bonus points if you spend Rs. 100 or above through your Cancard. The accumulated bonus points are awarded to the customer through a gift Cheque that amounts to Re. 0.50 per bonus point and can be redeemed and encashed at any Canara Bank branch.
- Free demand drafts and cash remittances on repayments of entire card dues.
- Discounts on Cancard mediclaim policy provided by Canara Bank in association with United India Insurance Company Limited
The most basic advantages of a credit card are cashless shopping and bill payments that cover your hotels or dining bills, travel tickets, telephone bills, utility bills, shopping and services charges. The inconvenience and risk of carrying cash has been reduced by the quick and easy features of Cancard. Keeping in mind the requirements of different individuals, Canara Bank brings exclusive credit cards like:
- Cancard VISA Classic:Serviceable only in India and Nepal, it is acceptable in over 1,10,000 Merchant Establishments in both countries.
- Cancard VISA Corporate: This is mainly designed for the corporate organizations with acceptance in India and Nepal only.
- Cancard MasterCard: This Cancard is brought to you in association with MasterCard International and incorporates all usual features of a domestic Canara Bank credit card with an additional feature of free credit period of 20 to 50 days.
- Cancard VISA International Gold: This is a truly international Cancard acceptable at all merchant outlets having VISA acceptance. The bills can be paid in INR. Cash withdrawals are allowed from all VISA ATMs. Extended Card Limit, Global Emergency Services and complementary personal insurance cover add a cherry to the cake.
For further details of other products and services of Canara Bank India, refer to our dedicated pages on each. For direct login to Canara Bank online credit card services or to enquire about the ongoing interest rates and service charges on each Cancard, refer to Canara Bank official website mentioned below.
Website:http://www.canarabank.com/English/Home.aspxEnglish/Home.aspx