Canara Bank Visa Platinum Card

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Features of the Canara Bank Visa Platinum Credit Card

Premium Card Design and Global Acceptance:
The Canara Bank Visa Platinum Credit Card operates on the globally recognized Visa network, ensuring seamless acceptance at millions of merchant outlets, ATMs, and online platforms worldwide. The card is equipped with an EMV chip and PIN technology, enhancing security for both domestic and international transactions. This feature makes it a reliable choice for frequent travelers and online shoppers who require a card that works effortlessly across borders. The card’s premium design reflects its status as a mid-tier offering, appealing to customers who value both functionality and prestige.
Reward Points Program:
One of the standout features of the Canara Bank Visa Platinum Credit Card is its rewarding points program. Cardholders earn 2 reward points for every ₹100 spent on Point of Sale (PoS) and e-commerce transactions. These points can be accumulated and redeemed through the CanaraRewardz website for cashback, merchandise, or other exciting offers. The value of each reward point is approximately ₹0.25, making it a straightforward and valuable rewards system. This feature encourages frequent card usage for everyday purchases, from groceries to online shopping, maximizing the cardholder’s returns.

- Complimentary Airport Lounge Access: For travelers, the card offers two complimentary domestic airport lounge visits per quarter for the primary cardholder. This feature enhances the travel experience by providing access to premium lounges at major airports in India, offering a comfortable space to relax, work, or enjoy refreshments before flights. The lounge access is a significant perk for frequent flyers, as it adds a layer of luxury without additional costs, making the card appealing for those with a travel-oriented lifestyle.
- Comprehensive Insurance Coverage: The card provides robust insurance benefits, adding a layer of financial security for cardholders. These include:
- Air Accident Insurance: Coverage of ₹8 lakhs for the primary cardholder and ₹4 lakhs for the spouse, protecting against unforeseen incidents during air travel.
- Non-Air Accident Insurance: Coverage of ₹4 lakhs for the cardholder and ₹2 lakhs for the spouse for accidents not related to air travel.
- Baggage Insurance: Up to ₹25,000 for loss or damage to luggage, ensuring peace of mind during travel.
- Purchase Protection: Coverage of up to ₹25,000 for items purchased with the card, protecting against damage or theft within a specified period.
- Fraud Protection: Up to ₹5 lakhs in coverage against fraudulent charges, safeguarding cardholders from unauthorized transactions.
- Interest-Free Credit Period: The Canara Bank Visa Platinum Credit Card offers an interest-free credit period of up to 50 days, depending on the billing cycle and transaction date. This feature allows cardholders to make purchases and defer payments without incurring interest, provided the outstanding balance is paid in full by the due date. This flexibility is ideal for managing cash flow, especially for those who prefer to spread out payments for large purchases without immediate financial strain.
- Cash Withdrawal Facility: Cardholders can withdraw cash up to 50% of their credit limit, subject to a maximum of ₹50,000 per day, from any ATM displaying the Visa logo. While a cash advance fee of 3% (minimum ₹30 per ₹1000 withdrawn) applies at Canara Bank ATMs, and additional charges may apply at other bank ATMs, this feature provides emergency access to cash, making it a versatile tool for unexpected financial needs.
- EMI Conversion Option: The card supports Easy EMI conversion through the Canara ai1 app or Canara Saathi platform, allowing cardholders to convert large purchases into affordable monthly installments. This feature is particularly useful for high-value purchases like electronics, furniture, or travel bookings, enabling better financial planning and reducing the burden of lump-sum payments. The minimum transaction value for EMI conversion is typically ₹2,500, subject to bank discretion.
- No Annual or Joining Fees: A key feature that sets the Canara Bank Visa Platinum Credit Card apart is its lifetime free status, with no joining or annual fees. This makes it an attractive option for cost-conscious customers who want premium benefits without recurring charges. The absence of these fees ensures that cardholders can enjoy the card’s features without worrying about annual maintenance costs, enhancing its overall value proposition.
- Global Usage Activation: By default, the card is issued with domestic validity, but international usage can be activated through net banking, mobile banking, or by visiting a Canara Bank branch. This feature makes the card adaptable to the needs of cardholders who travel abroad or shop on international e-commerce platforms, ensuring flexibility in its usage.
- Contactless Payment Technology: The card supports contactless payments, allowing transactions up to ₹5,000 without requiring a PIN, using Near Field Communication (NFC) technology. This feature speeds up transactions at PoS terminals, making it convenient for quick purchases at retail stores, restaurants, or fuel stations. The contactless feature aligns with modern payment trends, offering both convenience and efficiency.
- Fuel Surcharge Waiver: The card offers a fuel surcharge waiver of 2.5% on transactions of ₹400 and above, with a maximum reimbursement of ₹100 per billing cycle, provided the card is used for at least ₹2,500 in fuel transactions during the billing month. This feature is a boon for cardholders who frequently drive, as it reduces the cost of fuel purchases at petrol pumps across India.
- Online and Offline Shopping Discounts: Cardholders can enjoy attractive discounts at merchant outlets and online platforms, including partnerships with brands like GoIbibo, where they can avail: 12% discount on domestic flight bookings, 15% discount on hotel bookings, 9% discount on bus bookings, 10% discount on outstation taxi bookings.
- Add-On Cards for Family Members: The card allows add-on cards for immediate family members (aged 18 and above) at no additional cost. These add-on cards share the primary cardholder’s credit limit and offer the same benefits, such as reward points and insurance coverage, making it a family-friendly option for shared financial management.
- Secure Transactions with EMV Chip: The card’s EMV chip and PIN technology ensures enhanced security for all transactions, reducing the risk of fraud or unauthorized usage. The chip generates unique transaction data for each purchase, making it nearly impossible for hackers to replicate card information, providing cardholders with peace of mind.
- Customizable Billing Cycle: The card offers flexibility in its billing cycle, with billing dates set on the 20th of each month and payment due by the 10th of the following month. This predictable cycle helps cardholders plan their finances effectively, ensuring timely payments to avoid interest charges or late fees.
- Mobile and Internet Banking Integration: The card is fully integrated with Canara Bank’s mobile banking (Canara ai1 app) and internet banking platforms, allowing cardholders to manage their accounts, track transactions, check reward points, and make payments seamlessly. This digital integration enhances the card’s usability, catering to tech-savvy customers who prefer managing their finances online.
- Mediclaim Insurance Tie-Up: Through a partnership with United India Insurance Company, cardholders can pay Mediclaim insurance premiums using the card and enjoy an interest-free period of 20–50 days. This feature supports health-conscious individuals by making insurance payments more manageable.
- Transaction Alerts via SMS: Cardholders receive real-time SMS alerts for all transactions, ensuring they stay informed about their spending and can quickly detect any unauthorized activity. This feature enhances security and helps with budgeting by keeping track of expenses.

h2>Benefits of the Canara Bank Visa Platinum Credit Card

Financial Flexibility with Interest-Free Credit: One of the primary benefits of the Canara Bank Visa Platinum Credit Card is the interest-free credit period of up to 50 days. This allows cardholders to make purchases without immediate payment, provided the full outstanding balance is cleared by the due date. This benefit is particularly useful for managing large expenses, such as electronics or travel bookings, without incurring interest charges, offering significant financial flexibility.
Cost Savings with No Annual Fees: The card’s lifetime free status—with no joining or annual fees—makes it an economical choice for cardholders. Unlike many premium cards that charge hefty annual fees, this card allows users to enjoy its benefits without worrying about recurring costs, making it ideal for budget-conscious individuals seeking premium features.
Reward Points for Everyday Spending: The card’s reward points program is a major benefit, offering 2 reward points for every ₹100 spent on PoS and e-commerce transactions. These points, valued at ₹0.25 each, can be redeemed for cashback, merchandise, or gift vouchers through the CanaraRewardz portal. This benefit encourages frequent card usage, turning everyday purchases into opportunities for savings or rewards.

- Enhanced Travel Experience with Lounge Access: Cardholders can relax in premium lounges at major Indian airports, enjoying amenities like free Wi-Fi, refreshments, and comfortable seating.
- Comprehensive Insurance Protection:
- Air Accident Insurance: Up to ₹8 lakhs for the cardholder and ₹4 lakhs for the spouse, covering unexpected incidents during air travel.
- Non-Air Accident Insurance: Up to ₹4 lakhs for the cardholder and ₹2 lakhs for the spouse, providing coverage for other accidents.
- Baggage Insurance: Up to ₹25,000 for lost or damaged luggage, reducing financial stress during travel.
- Purchase Protection: Up to ₹25,000 for items purchased with the card, covering damage or theft within a specified period.
- Fraud Protection: Up to ₹5 lakhs against unauthorized transactions, ensuring financial security.
- Fuel Surcharge Savings: To avail this, the card must be used for at least ₹2,500 in fuel transactions per billing month. This feature reduces fuel expenses, making it a cost-effective option for commuters.
- Exclusive Discounts on Travel and Shopping:
- 12% off on domestic flight bookings via GoIbibo. 15% off on hotel bookings. 9% off on bus bookings. 10% off on outstation taxi bookings. Additional discounts at select retail outlets and online platforms for fashion and dining.
- Easy EMI Conversion for Large Purchases: This benefit is ideal for buying expensive items like appliances or funding travel plans, as it reduces the financial burden of lump-sum payments and supports better budgeting.
- Cash Withdrawal for Emergencies: While a cash advance fee applies, this feature ensures cardholders have access to funds when needed, adding to the card’s versatility.
- Global Acceptance for Seamless Transactions: Backed by the Visa network, the card is accepted at millions of locations worldwide, including ATMs, PoS terminals, and e-commerce platforms.
- Enhanced Security with EMV Chip: The EMV chip and PIN technology ensures secure transactions by generating unique data for each purchase, reducing the risk of fraud.
- Contactless Payments for Convenience: This speeds up payments at retail stores, restaurants, and fuel stations, offering a convenient and modern payment experience.
- Add-On Cards for Family: The card offers free add-on cards for family members aged 18 and above, sharing the primary cardholder’s credit limit and benefits.
- Mediclaim Insurance Payment Support: The tie-up with United India Insurance Company allows cardholders to pay Mediclaim premiums with the card, benefiting from the 20–50-day interest-free period.
- Digital Banking Integration: The card’s integration with Canara ai1 mobile banking and internet banking platforms allows cardholders to monitor transactions, check balances, redeem reward points, and make payments seamlessly.
- Flexible Billing and Payment Options: With a billing date on the 20th of each month and payment due by the 10th of the next month, the card offers a predictable billing cycle.
- Zero Liability for Fraudulent Transactions: The card’s zero liability protection ensures that cardholders are not held responsible for unauthorized transactions, provided they report the issue promptly.
- Building Credit History: Using the card responsibly—paying bills on time and keeping credit utilization low—helps cardholders build a strong credit history.

How to Apply for the Canara Bank Visa Platinum Credit Card

Online Application Process:
- Visit the official Canara Bank website and navigate to the ‘Credit Cards’ section.
- Download the Visa Platinum Credit Card application form in PDF format.
- Fill out the application form carefully with accurate personal, employment, and financial details.
- Gather the required documents (identity proof, address proof, income proof, PAN card).
- Since direct online submission is not available, email the scanned form and documents if allowed by your branch or
- Submit the completed form and documents at your nearest Canara Bank branch.
- Contact customer care at 8885545255 for submission options or assistance.
Offline Application Process:
- Locate the nearest Canara Bank branch using the bank’s branch locator tool.
- Obtain the Visa Platinum Credit Card application form at the branch or download it beforehand.
- Complete the form accurately; ask for assistance if needed.
- Submit the form along with self-attested copies of documents and carry originals for verification.
- The branch will forward your application for verification and approval.
Eligibility Criteria:
- Applicant must meet Canara Bank’s age and income requirements.
- A good credit score (750+) is preferred for smooth approval.
- Existing Canara Bank customers with a good relationship are often prioritized.
Required Documents:
- Identity Proof (Aadhaar, PAN, Passport, Voter ID, Driving License).
- Address Proof (Utility bills, Aadhaar, Passport, Rental Agreement, Bank statement).
- Income Proof:
  - Salaried: Last 3 salary slips, Form 16, 3-month salary account statement.
  - Self-Employed: Income Tax Returns (2 years), audited financials, 6-month bank statement.
- PAN Card is mandatory.
Application Review and Approval:
- Verification typically takes 7–14 working days.
- Bank will notify approval or rejection via SMS, email, or call.
- You can check the status by calling customer care, visiting the branch, or through internet banking (if applicable).
Post-Approval Steps:
- Card delivery usually takes 7–10 working days.
- Activate the card via Canara ai1 app, internet banking, or at a Canara Bank ATM.
- Set a secure PIN for card transactions.
- Register for SMS alerts to monitor card activity.
- Explore card benefits on the CanaraRewardz portal.
Tips to Enhance Approval Chances:
- Maintain a CIBIL score of 750 or higher.
- Clear any outstanding loans or credit card balances.
- Avoid submitting multiple credit card applications simultaneously.
- Ensure documents are complete, accurate, and up to date.
- Maintain a good banking relationship with Canara Bank.
Customer Support:
- For queries or help, call Canara Bank customer care at 8885545255 or visit your nearest branch.

Eligibility Criteria for the Canara Bank Visa Platinum Credit Card

Age Requirements:
- Applicants must be between 21 and 60 years of age.
- This range ensures financial independence and creditworthiness.
Income Requirements:
- Minimum annual gross income of ₹2 lakhs for non-staff applicants.
- Minimum annual income of ₹60,000 and net take-home salary of ₹4,000/month for Canara Bank staff.
Employment Status:
- Applicants must be salaried or self-employed with a stable income source.
- Salaried individuals need to provide salary slips or employment certificate.
- Self-employed individuals must provide ITRs or business financials.
Credit Score and History:
- A minimum CIBIL score of 750 is preferred for higher approval chances.
- Applicants with poor or negative credit history may face rejection.
Relationship with Canara Bank:
- Applicants with an existing Canara Bank account and 12+ months of satisfactory transactions are preferred.
- Timely loan repayments and good AQB (Average Quarterly Balance) help strengthen eligibility.
Nationality and Residential Status:
- Primarily for Indian residents with a valid permanent address in India.
- NRIs may also be eligible by submitting additional documents like passport and NRI account details.
PAN Card Requirement:
- PAN card is mandatory for all applicants as per RBI guidelines.
- Form 60/61 can be submitted if PAN is not available.
Debt-to-Income Ratio & Credit Utilization:
- Applicants should maintain a DTI ratio below 40%.
- Credit utilization should be under 30% to enhance approval chances.
Company or Firm Eligibility (for corporate cards):
- Firm must have a minimum annual income of ₹2 lakhs.
- Should have S1/S2 status (for firms with Canara Bank credit limits).
- At least 12 months of satisfactory dealings if no credit limits exist.
SMS Alert Subscription:
- Active mobile number required for real-time transaction SMS alerts.
- Enhances security and provides expense tracking.
Factors Influencing Approval:
- High credit score and stable income improve chances.
- Positive banking history with Canara Bank is beneficial.
- Low outstanding balances on existing credit cards are ideal.
Tips to Improve Eligibility:
- Maintain a credit score above 750 by paying EMIs and bills on time.
- Lower existing debts and credit card balances.
- Establish a banking relationship with Canara Bank.
- Submit accurate and valid income documents.
- Avoid multiple credit card applications within a short time.
Special Considerations for Staff:
- Lower income threshold of ₹60,000/year and ₹4,000/month net salary.
- Recognizes job security and long-term employment within the bank.
Common Reasons for Rejection:
- Low CIBIL score (below 750).
- Insufficient income as per category (staff/non-staff).
- High DTI ratio or high credit utilization.

Documents Required for the Canara Bank Visa Platinum Credit Card

Identity Proof
- Aadhaar Card: Widely accepted as a primary identity proof, containing a unique 12-digit number.
- Passport: Valid for both resident and NRI applicants, ensuring global recognition.
- Voter ID: Issued by the Election Commission of India, serving as a reliable identity proof.
- Driving License: A government-issued document that doubles as identity and address proof.
- PAN Card: Mandatory for all applicants, as per RBI guidelines, to verify identity and tax status. If unavailable, Form 60/61 can be submitted.
Address Proof
- Aadhaar Card: If used as identity proof, it can also serve as address proof.
- Passport: Contains the applicant’s permanent address.
- Voter ID: Includes the residential address registered with the Election Commission.
- Driving License: Lists the applicant’s current address.
- Utility Bills: Recent electricity, water, or gas bills (not older than 3 months) in the applicant’s name.
- Bank Statement: A recent bank statement (not older than 3 months) showing the applicant’s address.
Income Proof
- For Salaried Individuals:
  - Salary Slips: Last 3 months’ salary slips showing consistent income.
  - Form 16: Issued by the employer, detailing annual income and tax deductions.
  - Bank Statement: Last 3–6 months’ bank statements reflecting salary credits.
  - Employment Certificate: A letter from the employer confirming job role and income (optional, if requested).
- For Self-Employed Individuals:
  - Income Tax Returns (ITR): ITR documents for the last 2–3 years, showing annual income.
  - Balance Sheet and Profit & Loss Statement: For the last 2–3 years, certified by a chartered accountant.
  - Business Registration Documents: GST certificate, shop license, or partnership deed to verify business legitimacy.
  - Bank Statement: Last 6 months’ business account statements showing regular transactions.
- Minimum Annual Gross Income: ₹2 lakhs for non-staff applicants or ₹60,000 for Canara Bank staff.
PAN Card or Form 60/61
- PAN Card: Mandatory to link the applicant’s financial transactions and tax records.
- Form 60/61: For applicants without a PAN card, based on eligibility (e.g., agricultural income).
Photographs
- 2–3 recent passport-sized photographs with a plain background (typically 35mm x 45mm).
Corporate Documents (If Applicable)
- Board Resolution: Authorizing the application, as per the bank’s prescribed format.
- Partnership Deed: For partnership firms, a copy of the registered deed.
- MoA and AoA: For companies, outlining the structure and purpose.
- Financial Statements: Last 3 years’ balance sheets and profit & loss accounts, certified by a CA.
- Business Proof: GST registration, trade license, or other constitution documents.

Factors Affecting Canara Bank Visa Platinum Credit Card Eligibility

Credit Score and History
- A CIBIL score of 750 or higher is crucial for approval.
- The bank checks loan repayment history, credit card bill payments, and credit utilization.
- Defaults, late payments, or high utilization may result in rejection.
Income Level and Stability
- Minimum annual income of ₹2 lakhs for non-staff; ₹60,000 for Canara Bank staff.
- Stable, verifiable income via salary slips, ITRs, or bank statements is required.
- Self-employed must show consistent business income.
Debt-to-Income Ratio
- A DTI ratio below 40% enhances eligibility.
- High debt levels may indicate financial strain and lower approval chances.
- Paying off debts improves the applicant’s financial profile.
Age of the Applicant
- Applicants must be between 21–60 years old.
- Below 21 or above 60 are rarely approved due to credit or income concerns.
Relationship with Canara Bank
- Maintaining a savings/current account or loan with timely repayments improves approval odds.
- Applicants with 12+ months of dealings are prioritized.
Number of Existing Credit Cards
- High credit card balances or credit utilization (>30%) may reduce eligibility.
Employment Status
- Salaried applicants must provide valid employment proof.
- Self-employed need business financials with consistent income.
- Unemployed or irregular earners are less likely to qualify.
Nationality and Residential Status
- Primarily for Indian residents; NRIs need extra documentation (e.g., passport, NRI account).
- A permanent Indian address is mandatory.
Application Behavior
- Multiple recent applications lead to hard inquiries, reducing credit score.
- Apply for one card at a time and ensure forms are error-free.
Corporate Applicant Criteria
- Annual income must be at least ₹2 lakhs.
- Credit rating should be S1 or S2 if holding existing Canara Bank limits.
- Minimum 12 months of satisfactory bank dealings required.
Tips to Improve Eligibility
- Clear existing dues and reduce credit utilization ratio.
- Maintain timely EMI and credit card payments.
- Build a strong banking relationship by holding accounts or FDs.
- Provide stable income proof and avoid multiple simultaneous applications.
Common Pitfalls to Avoid
- Ignoring credit score improvements before applying.
- High DTI ratio or unpaid card balances.
- Inconsistent or incorrect documentation.
- Applying outside of eligible age range (21–60).
- Lack of prior banking relationship with Canara Bank.
External Factors
- Economic conditions or internal bank policies may change approval criteria.
- During downturns, stricter requirements (higher score, income) may be enforced.

Frequently Asked Questions (FAQs) – Canara Bank Visa Platinum Credit Card

1. What is the Canara Bank Visa Platinum Credit Card?

The Canara Bank Visa Platinum Credit Card is a premium card with global acceptance, offering reward points, complimentary lounge access, insurance benefits, and no joining or annual fees.

2. What are the key features of this card?

2 reward points per ₹100 on PoS and e-commerce
2 complimentary domestic lounge visits per quarter
Insurance up to ₹8 lakhs (air accidents)
No joining or annual fees
EMI options, contactless payments, fuel surcharge waiver

3. How many reward points do I earn and what is their value?

You earn 2 reward points per ₹100 spent on eligible transactions. Each point is valued at ₹0.25 and can be redeemed via the CanaraRewardz portal.

4. Does the card offer airport lounge access?

Yes, it provides 2 complimentary domestic lounge visits per quarter at select Indian airports for the primary cardholder.

5. What insurance benefits are included?

Air Accident: ₹8 lakhs (cardholder), ₹4 lakhs (spouse)
Other Accidents: ₹4 lakhs (cardholder), ₹2 lakhs (spouse)
Baggage & Purchase Protection: Up to ₹25,000
Fraud Protection: Up to ₹5 lakhs

6. Is there an interest-free credit period?

Yes, up to 50 days of interest-free credit is offered, depending on your transaction date and billing cycle.

7. Can I withdraw cash using this credit card?

Yes, up to 50% of the credit limit can be withdrawn, subject to a daily cap of ₹50,000. A 3% fee applies at Canara Bank ATMs.

8. Does the card support EMI conversion?

Yes, purchases above ₹2,500 can be converted to EMIs via Canara ai1 or Canara Saathi app, subject to eligibility and terms.

9. Are there any fees for this card?

No, this card is lifetime free with no joining or annual fees.

10. Can I use this card internationally?

Yes, international usage can be activated via net/mobile banking or by visiting a Canara Bank branch.

11. Does it support contactless payments?

Yes, contactless transactions up to ₹5,000 are supported without a PIN using NFC technology at PoS terminals.

12. Is there a fuel surcharge waiver?

Yes, 2.5% waiver on fuel transactions of ₹400 and above, with a cap of ₹100 per billing cycle.

13. Are there any travel or shopping discounts?

Yes, discounts include:
12% off on domestic flights
15% off on hotels
9% off on buses
10% off on taxis via GoIbibo and more

14. Can I get add-on cards for family?

Yes, add-on cards for immediate family (18+ years) are available at no extra cost, sharing the same credit limit.

List of Canara Bank Visa Platinum Credit Card Branches in Telangana

Telangana - Suryapet
Siddipet - Gajwel
Siddipet - Husnabad
Siddipet - Siddipet Main
Telangana - Siddipet

Asifabad - Kagaznagar
Asifabad - Asifabad Main
Telangana - Asifabad
Bhadradri - Palvancha
Bhadradri - Yellandu

Telangana - Bhadradri
Jayashankar - Mahadevpur
Jayashankar - Bhupalpally
Telangana - Jayashankar
Jogulamba - Alampur

Jogulamba - Kurnool Road
Telangana - Jogulamba
Kamareddy - Banswada
Kamareddy - Yellareddy
Telangana - Kamareddy

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