Canara Bank Mastercard Secured Gold

Lounge access

Not Available (no complimentary domestic or international lounge access for Gold variant).

Verified · Canara Bank Credit Card Variants & Features Comparison (covers Secured cards) · 2026-08-02 · source

Forex markup

Up to 3% of transaction amount (mark up on foreign currency transactions).

Verified · MITC – Most Important Terms & Conditions for Canara Credit Cards (covers Mastercard Secured Gold) · 2026-08-02 · source

Charge

• All charges per Tariff Sheet applicable as on 01.04.2022 (GST 18% extra).
• Cash withdrawal fee: 3% with minimum ₹150 for every ₹1000 or part thereof.
• Finance charges on cash withdrawal (Secured Cards): 2.0% per month.
• Charges on revolved amount (secured card): 2.00% p.m. (APR 24%) from transaction date.
• Minimum Amount Due: 5% of total outstanding (min ₹100) + applicable charges/fees/taxes + EMI + over-limit amount.
• Card replacement fee: ₹300 per card (primary and add-on).
• Foreign currency transaction markup: up to 3% of transaction amount.
• Duplicate statement: ₹10 per page.
• Cheque dishonour / unsuccessful payment: ₹50.
• EMI processing fee: 2% of transaction amount (min ₹100, max ₹200).
• EMI rate of interest: 13% p.a. for 3/6/9 months and 14% p.a. for 12/18/24 months.
• EMI pre-closure penal charges: 2% of outstanding principal.
• Railway ticket surcharge (counters): ₹30 + 2.5% of transaction amount.
• IRCTC: 1% of transaction amount + taxes.
• Copy of charge slip: Domestic ₹100, International US $10 or equivalent.
• Original charge slip (processed by Bank): USD 2.00.
• If procured from other bank: USD 6.00.
• Collection charges for outstation cheques: ₹100 per instrument + other bank charges.
• Charges for notices/reminders to cardholders with overdues: ₹50 per notice.
• Late payment fee: ₹250 + GST for delayed payment beyond due date (in addition to service charges 2.5% p.m. i.e. 30% per annum on carried-over balance).

Verified · MITC – Most Important Terms & Conditions for Canara Credit Cards (covers Mastercard Secured Gold) · 2026-08-02 · source

Interest-free period

• Minimum 20 to maximum 50 days interest free (grace) period.
• Applicable for purchases and cash withdrawal.

Verified · MITC – Most Important Terms & Conditions for Canara Credit Cards (covers Mastercard Secured Gold) · 2026-08-02 · source

Fuel surcharge waiver

• Fuel surcharge 1% of transaction value with minimum fee of ₹10 + applicable taxes.
• Maximum of ₹100 per billing month reimbursed in the upcoming billing month, provided (1) card used for minimum ₹2500 for purchase (other than petrol) transactions during the billing month, and (2) minimum petrol/petroleum purchase per occasion is ₹400.

Verified · MITC – Most Important Terms & Conditions for Canara Credit Cards (covers Mastercard Secured Gold) · 2026-08-02 · source

Redemption value

• Each reward point = ₹0.25.
• Cashback with minimum 1000 points in multiples of 100, credited to credit card in subsequent month's statement.
• Additional processing fee applies for redemption of points for recharge, purchase of merchandise etc. (displayed during redemption at Canara Rewardz portal).
• Reward points valid for 3 years from date of accrual.

Verified · MITC – Most Important Terms & Conditions for Canara Credit Cards (alternate/updated version) · 2026-08-02 · source

Reward cap

• Reward points earned (by Retail/Corporate Credit Cards) capped at 10,000 per billing cycle.
• Capping not applicable during bank-run campaigns enabling additional reward points.

Verified · MITC – Most Important Terms & Conditions for Canara Credit Cards (alternate/updated version) · 2026-08-02 · source

Reward exclusion

Reward points not applicable on fuel transactions and cash withdrawals.

Verified · MITC – Most Important Terms & Conditions for Canara Credit Cards (covers Mastercard Secured Gold) · 2026-08-02 · source

Travel benefit

• Baggage insurance covers total loss of baggage checked by an International/Domestic Airline.
• Travel between or within international location covered.
• Covers additional travel and accommodation expenses to obtain replacement of lost/stolen passport while abroad.

Verified · MITC – Most Important Terms & Conditions for Canara Credit Cards (covers Mastercard Secured Gold) · 2026-08-02 · source

Insurance

• Fraudulent Charge Cover: ₹5,00,000 per card (Gold variant).
• Lost Card Liability (fraudulent transaction cover) as per policy.
• Death due to Accident - Air Accident: ₹8,00,000 for self, ₹4,00,000 for spouse.
• Other than Air Accident (Accidental Death): ₹4,00,000 for self, ₹2,00,000 for spouse.
• Baggage Insurance: up to ₹25,000 per card.
• Purchase Protection Cover: up to ₹25,000 per card.

Verified · MITC – Most Important Terms & Conditions for Canara Credit Cards (covers Mastercard Secured Gold) · 2026-08-02 · source

Eligibility

• Secured credit card issued against deposits standing in the name of the applicant.
• Minimum credit card limit is ₹25,000.
• Eligible credit limit is maximum up to 75% of principal amount of FD (Fixed Deposit).
• Joint deposits with 'Either or Survivor' payment condition (applicant being one of depositors) accepted.
• Add-on cards can be issued to other joint depositors.

Verified · Mastercard Secured Gold product page · 2026-08-02 · source

card inactivity fee

Card inactivity fee ₹150 for Canara Card Gold (Main & Add on), applicable only if card turnover during the card year is less than ₹25,000.

Verified · MITC – Most Important Terms & Conditions for Canara Credit Cards (covers Mastercard Secured Gold) · 2026-08-02 · source