Everyday Retail Credit Card with Zero Annual Fee for Active Cardholders
Canara Bank customers seeking a reliable everyday credit card with zero recurring maintenance fees and public-sector transparency.
Free
One-time upfrontFree
Lifetime Free — no renewal fee2 RP for every ₹100 spent on E-Commerce
On eligible spends8 Domestic visits/year
Complimentary visitsLast verified 3 Oct 2026
Objective editorial assessment, ideal spender profile, and primary trade-offs
The Canara Bank Mastercard Platinum Credit Card provides straightforward credit utility for salaried professionals and small business proprietors. Issued with zero joining fee and zero annual fee for active cardholders who maintain basic retail usage, it eliminates recurring financial overhead. Cardholders earn reward points on everyday shopping, dining, and utility bills. Spenders benefit from a 1% fuel surcharge waiver across India and complimentary personal accident insurance cover of up to ₹8 Lakhs. The card features an attractive revolving interest rate starting from 2.95% per month, one of the lowest finance charges in the public sector banking industry. Backed by Canara Bank's nationwide branch network and robust Mastercard chip security, Mastercard Platinum is a sensible financial asset.
2 RP for every ₹100 spent on E-Commerce
N/A
Base earning rates, partner merchant acceleration, redemption options, and exclusions
| Spend Category | Earn Rate | Reward Cap | Conditions |
|---|---|---|---|
| All Retail Spends | 2 Canara Rewardz points per ₹100 spent (0.50% valueback; 1 RP = ₹0.25) | No Cap | Standard terms apply |
Calculate estimated net cashback and points across your actual spending pattern.
Estimate your rewards using the card's current reward rates, monthly caps and applicable fee-waiver rules.
Customize monthly spend in each category. Category amounts sum directly to your monthly spend.
| Category / Reward Bucket | Monthly Spend | Rate | Effective Rate | Cap Period | Eligible Reward | Cap Status |
|---|---|---|---|---|---|---|
| All Retail Spends | ₹30,000 | 2 Canara Rewardz points per ₹100 spent (0.50% valueback; 1 RP = ₹0.25) | — | None | Calculating... | Under cap |
| Total Monthly Cashback | ₹30,000 | - | — | - | ₹0 / mo | Zero cap loss |
₹3.6 lakh
12 billing cycles₹0
0% blended return₹0
Standard renewal+₹0 / yr
Rewards - FeeDomestic and international lounge privileges, spend hurdles, and participating terminals
Verify this card against live departure gates and specific terminal lounges across India.
This card includes complimentary admission across verified Indian airport terminals. Check individual terminal lounges and spend criteria before you travel.
Complete breakdown of joining, renewal, forex, financing APR, and transaction charges
• Eligibility: Salaried professionals with annual income over ₹3 Lakhs or self-employed with ITR over ₹2.5 Lakhs; age 21 to 65 years. • Joining & Annual Fee: ₹0 joining fee; ₹0 annual fee for active cardholders maintaining regular transaction usage. • Rewards Structure: Earn 2 reward points per ₹100 on retail transactions with accelerated rewards on utility bills and groceries. • Insurance Coverage: Complimentary personal accident life insurance cover of up to ₹8 Lakhs for cardholders. • Fuel Surcharge: 1% fuel surcharge waiver for transactions between ₹400 and ₹4,000 (maximum waiver ₹150 per cycle). • Finance Charges: Concessional revolving interest rate starting from 2.95% per month (35.4% annualized). • Forex Markup: Standard foreign exchange fee of 3.50% + GST on cross-border transactions.
Evaluate whether this card's perks and waiver threshold justify its Free renewal fee.
Income criteria, minimum age, CIBIL score benchmark, and verification checklist
Eligibility criteria not specified
Verified eligibility criteria are not currently available for this card. Check the issuer's latest terms before applying.
Common questions regarding Canara Bank Mastercard Platinum Credit Card application, fees, reward redemption, and eligibility
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Direct online application on the official Canara Bank portal with paperless verification.
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