If you need a card that’s going to give you 50 days of no interest, you might want to check out the Canara Bank Credit Card. This card has a range of options for those that are looking for a reliable credit card that is going to do its credit job. Canara has a wide range of options when it comes to their credit card offerings.
Since there are so many options to choose from, you should figure out what your goals are for your credit card and match accordingly. If you want points on money you already spend, you need to look for that option. If you are simply looking for no annual fees and a reasonable interest rate, those cards are out there too.
The Canara Bank Gold Credit Card has no annual fees and you can withdraw from their ATMs with no additional charges. This isn’t a card for those that want big rewards like points for gifts. Nor is it a card if you want cash back points on your purchases. What it will give you is competitive interest rates and a fair assesment of your application. We have compiled the information you need to make a well-informed decision about whether or not the Canara Bank Gold Credit Card is right for you.
What are the Benefits of a Canara Bank Global Gold Credit Card
One of the more premium offerings from Canara Bank is their Canara Bank Global Gold Credit Card (available in Visa and Mastercard). To better understand its benefits, let’s take a closer look at the advantages it can give you.
For one, this card has absolutely no annual fees! This means you won’t have to pay annual membership fees just to experience a plethora of advantages.
Another privilege you can experience is being entitled to withdraw up to 50% of your given credit limit. This is subject to a maximum of Rs. 50,000 cash. This is perfect if you’re buying big-ticket items or simply splurging on gifts and what not during the holidays.
Even better, you can collect reward points in all your transactions. Through the Canara Bank Global Gold Credit Card, you can gain 2 points for every Rs. 100 spent on your card. You can redeem your points at Rs. 0.25 per point on a variety of choices. From dining, lifestyle, retail, and many others, you’re sure to get a bang for your buck promo with every swipe.
What are the Fees of the Canara Bank Global Gold Credit Card
You’ll be happy to know that there are absolutely zero enrollment and annual fees when it comes to getting this card. If you withdaw money from a Canara Bank ATM, you won’t be charged any fees, but if you withdraw from a different bank’s ATM, you will be charged for the withdrawal.
Other charges you need to consider include the revolving percentage amount of 2.5% per month and a late payment charge ranging from 2% (minimum of Rs. 10) to a maximum of Rs. 150. There is also an inactivity fee of Rs. 750 and Rs. 25,000 for the main card if the card turnover is only less than a year.
For more information, click here.
How to Apply for a Canara Bank Global Gold Credit Card
Requesting your own credit card has become more accessible. All you need to do is fill out the application form found on their website. Once you’re done, you can send your fully finished application form to their email together with your other documents. You can also opt to go to a branch near you for faster transaction.
Some of the documents you need to provide include a proof of income, proof of billing address, your PAN card, and a passport-sized photograph.
To apply, you must be between the ages of 21 and 60 with a minimum annual income of Rs. 2,00,000.
Should your application be approved, you will be given a credit limit that can go up to 50% of your annual income. This can range from Rs. 50,000 to Rs. 25,00,000.
If you want to get more detailed information about the card, you can click here.
How to Contact Canara Bank
Address: 112, J.C. Road, BANGALORE -560002.
To get in touch with Canara Bank, call 080- 22221581/582/0490/0491/1788/ 1789/ 1790/1984/1985/1986.
Note: There are risks involved when applying for and using a credit card. Please see the bank’s Terms and Conditions page for more information.