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Canara Bank RuPay Platinum Credit Card

✍️ Fact-checked by Parash Editorial • 🔄 Updated May 2026
Canara Bank RuPay Entry

Annual Fee

₹0

Base Rate

2.0%

Reward Type

Points

Overview

The Canara Bank RuPay Platinum Credit Card is a Entry credit card issued by Canara Bank on the RuPay network. It offers a base reward rate of 2.0% on all spends, with rewards issued as Points(1 pt = ₹0.25).

Annual Fee: Lifetime Free
Eligibility: Min. ₹1-3 LPA gross annual income.

Reward Rates & Cashback Rules

  • ALL_ONLINE: 2.0% cashback
  • CATEGORY – Fuel: 0.0% cashback
  • CATEGORY – Wallet Load: 0.0% cashback
  • CATEGORY – Rent: 0.0% cashback
  • CATEGORY – EMI: 0.0% cashback
  • CATEGORY – Insurance: 0.0% cashback

Key Features & Benefits

  • Airport Lounge Access ✈️: Complimentary lounge access in the subsequent quarter upon spending ₹10,000 in a calendar quarter. Includes 2 domestic visits per quarter and 2 international visits per year.
  • Fuel Surcharge Waiver ⛽: 1% fuel surcharge waiver on transactions between ₹400 and ₹4,000, capped at ₹100 per month. Requires minimum ₹2,500 spend in the same billing month.
  • Complimentary Insurance 🛡️: Includes coverage for fraudulent transactions (up to ₹5 lakh), baggage loss (up to ₹25,000), and personal accident cover.
  • UPI on Credit Card 📲: This card can be linked to UPI applications for scan-and-pay transactions at merchant outlets.

Eligibility Criteria

Min. ₹1-3 LPA gross annual income.

Features & Benefits

✈️

Airport Lounge Access

Complimentary lounge access in the subsequent quarter upon spending ₹10,000 in a calendar quarter. Includes 2 domestic visits per quarter and 2 international visits per year.

⛽

Fuel Surcharge Waiver

1% fuel surcharge waiver on transactions between ₹400 and ₹4,000, capped at ₹100 per month. Requires minimum ₹2,500 spend in the same billing month.

🛡️

Complimentary Insurance

Includes coverage for fraudulent transactions (up to ₹5 lakh), baggage loss (up to ₹25,000), and personal accident cover.

📲

UPI on Credit Card

This card can be linked to UPI applications for scan-and-pay transactions at merchant outlets.

Cashback Engine Rules

The exact calculator logic parameters extracted from the terms & conditions.

All Online Spends
Reward: 2.0%
2%
Fuel Exclusion
Wallet Load Exclusion
Rent Exclusion
EMI Exclusion
Insurance Exclusion

Value Chart

Assuming basic spends for Canara Bank RuPay Platinum Credit Card

Category Canara Bank RuPay Platinum Credit Card Axis Bank Neo Credit Card LIC Axis Bank Platinum Credit Card Axis Bank Kwik Credit Card
₹
Joining Fee 		₹0 ₹0 ₹0 ₹0
₹
Annual Fee 		₹0 ₹250 ₹0 ₹0
🌍
Forex Markup 		3.5% 3.5% 3.5% 3.5%
%
Base Rate 		2.0% 0.5% 1.0% 1.0%
★
Known Rules 		6 rules 11 rules 11 rules 11 rules

Pros & Cons

✓

Pros

  • + All Spends — 2.0% Points
  • + Airport Lounge Access
  • + Fuel Surcharge Waiver
  • + Complimentary Insurance
  • + UPI on Credit Card
✗

Cons

  • − No reward on Fuel
  • − No reward on Wallet Load
  • − No reward on Rent
  • − No reward on EMI
  • −Forex markup of 3.5% on international spends

Our Verdict

₹ Real Value Calculation (assumed ₹3L/year spend)

Est. Annual Rewards

₹6000

Annual Fee

₹0

Net Value

+₹6000

✅ At ₹3L/year spend, base rewards alone cover the fee. Additional benefits like lounge access add further value.

👍 Best For

  • › First-time credit card users looking to build credit
  • › Low-to-medium spenders wanting simple cashback

👎 Not Worth It If…

  • › You spend heavily in foreign currency — 3.5% markup adds up fast
  • › You rarely use premium benefits like lounges or concierge
  • › You prefer a no-annual-fee card with simpler terms

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Frequently Asked

This is a lifetime free credit card with no joining fee and no annual fee. However, an inactivity fee applies if annual spends are below ₹50,000.

You earn 2 reward points for every ₹100 spent on most transactions. Each reward point is valued at ₹0.25, which translates to an effective cashback rate of 0.5%.

Yes, reward points are not awarded on fuel, rent payments, wallet loads, EMI transactions, insurance premiums, and cash withdrawals.

To receive complimentary lounge access for a quarter, you must spend a minimum of ₹10,000 on the card in the preceding calendar quarter.

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