Canara Bank Visa Platinum Credit Card
Updated on September 1, 2026
🎖️Reward Rate
2 Canara Reward Points per ₹100 spent on all retail shopping and dining
Rewards
Reward Type
Reward Points
Reward Rate
2 Canara Reward Points per ₹100 spent on all retail shopping and dining
Welcome Benefit
Bonus reward points upon card activation and first merchant transaction within 30 days.
Milestone Benefit
100% annual fee waiver of ₹500 on achieving ₹50,000 annual retail spends
Redemption
Redeem on Canara Rewardz portal for vouchers, flights, and merchandise (1 Point = ₹0.25)
Benefits
- Domestic Lounge: 2 visits per calendar year (1 per half year) visits
- 1% Fuel Surcharge Waiver: 1% fuel surcharge waiver at all petrol pumps in India for transactions between ₹400 and ₹4,000.
- Complimentary Accidental Insurance: Air and road accidental insurance coverage of up to ₹4 Lakhs.
Things to Know Before you apply
Canara Bank Visa Platinum Credit Card Eligibility Criteria
- Age: 21–65 years
- Salaried or Self-Employed with minimum annual income of ₹3,00,000
- Salaried & Self-Employed Individuals
- Resident Indian
Fees & Charges
| Particulars | Amount |
|---|---|
| Joining Fee | ₹500 |
| Annual Fee | ₹500 |
| Foreign Currency Mark-up Fee | 3.5% |
| Cash Advance Fee | 2.5% of transaction amount (minimum ₹300) |
Fee waiver: Spend ₹50,000 or more in the preceding billing year for 100% renewal fee waiver.
PaisaSimple Review
Overall Rating
4.5/5What do we like about this card?
The canarabank.in issued by Canara Bank is a top choice in India for everyday transactions and cashback. It features 3.5% forex markup and generous reward multipliers.
Pros
- • High value reward program
- • Wide merchant acceptance
Cons
- • Standard terms and exclusions apply on fuel, rent, and government utilities unless specified
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- • Bonus reward points upon card activation and first merchant transaction within 30 days.
- • Complimentary banking privileges for Insignia account holders or 28,000 Bonus Reward Points (worth ₹7,000) on first purchase within 30 days and fee realization for other cardholders.
- • Qualification Criteria: Maintain Insignia Preferred Banking relationship or spend within 30 days
- • Fulfillment Timeline: Credited within 60 days of card issuance
- • 500 joining bonus reward points on spend of ₹5,000 or more within 60 days of card issuance
- • 2 Canara Reward Points per ₹100 spent on all retail shopping and dining
- • Base Rewards: 5 Reward Points per ₹100 (5 Reward Points per ₹100 spent on all domestic retail purchases)
- • Accelerated Rewards: 10 Reward Points per ₹100 spent on all International purchases (Double Rewards Rate)
- • Excluded Categories: Fuel transactions
- • Wallet loading
- • Cash advances
- • 24 Reward Points per ₹150 on fuel purchases at HPCL retail outlets, LPG purchases and via HP Pay App (up to 5% savings)
- • 10 Reward Points per ₹150 on utility & departmental store spends (up to 2% savings)
- • 2 Reward Points per ₹150 on all other categories
- • Accelerated points and fuel surcharge waiver apply only at eligible HPCL fuel outlets
- • High value reward program
- • Wide merchant acceptance
- • Base Rewards: 5 Reward Points per ₹100 (5 Reward Points per ₹100 spent on all domestic retail purchases)
- • Forex markup rate of 1.5%
- • Airport lounge and lifestyle dining privileges
- • Value-packed milestone rewards on annual spend
- • Up to 5% savings on HPCL fuel, LPG and HP Pay App transactions
- • Low ₹499 joining and annual fee
- • 4 complimentary domestic lounge visits per year
- • Annual fee waiver on ₹50,000 spend
- • Standard terms and exclusions apply on fuel, rent, and government utilities unless specified
- • Annual renewal fee of ₹7000
- • Reward exclusion on fuel purchases and wallet load transactions
- • Accelerated rewards and surcharge waiver limited to eligible HPCL outlets
- • Age eligibility differs by employment type (21–60 salaried, 24–65 self-employed)
- • No specific minimum income figure disclosed