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Canara Bank RuPay Select Credit Card

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

Annual Fee

₹0

Base Rate

2.0%

Reward Type

Points

Overview

The Canara Bank RuPay Select Credit Card is a Premium 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. ₹10 LPA gross income, CIBIL score ≥ 750 recommended.

Reward Rates & Cashback Rules

  • CATEGORY – Utilities: 20.0% cashback | monthly cap ₹50.0 ⚠️ Represents 5% cashback, capped at ₹50/month.
  • CATEGORY – Fuel: 0.0% cashback

Key Features & Benefits

  • Spend-Based Lounge Access ✈️: Complimentary domestic lounge access is subject to meeting a minimum spend criteria (e.g. ₹10,000) in the previous calendar quarter. Policy effective from April 2025/2026.
  • Personal Accident Insurance 🛡️: Complimentary personal accident insurance cover of up to ₹10 lakh for death and permanent disability.
  • Fuel Surcharge Waiver ⛽: 1% fuel surcharge waiver on transactions between ₹400 and ₹2,500, capped at ₹100 per month. Requires minimum ₹2,500 non-fuel spend in the billing month to be eligible.
  • Concierge Services 🛎️: 24/7 concierge services for travel, dining reservations, and other assistance.

Eligibility Criteria

Min. ₹10 LPA gross income, CIBIL score ≥ 750 recommended.

Features & Benefits

✈️

Spend-Based Lounge Access

Complimentary domestic lounge access is subject to meeting a minimum spend criteria (e.g. ₹10,000) in the previous calendar quarter. Policy effective from April 2025/2026.

🛡️

Personal Accident Insurance

Complimentary personal accident insurance cover of up to ₹10 lakh for death and permanent disability.

⛽

Fuel Surcharge Waiver

1% fuel surcharge waiver on transactions between ₹400 and ₹2,500, capped at ₹100 per month. Requires minimum ₹2,500 non-fuel spend in the billing month to be eligible.

🛎️

Concierge Services

24/7 concierge services for travel, dining reservations, and other assistance.

Cashback Engine Rules

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

Utilities
Reward: 20.0% Monthly Cap: ₹50.0
⚠️ Exceptions: Represents 5% cashback, capped at ₹50/month.
20%
Fuel Exclusion

Value Chart

Assuming basic spends for Canara Bank RuPay Select Credit Card

Category Canara Bank RuPay Select Credit Card Axis Bank Atlas Credit Card Miles & More World Select Credit Card BOBCARD Eterna Credit Card
₹
Joining Fee 		₹0 ₹0 ₹0 ₹0
₹
Annual Fee 		₹0 ₹5000 ₹4500 ₹2499
🌍
Forex Markup 		3.5% 3.5% 3.5% 3.5%
%
Base Rate 		2.0% 2.0% 3.0% 3.0%
★
Known Rules 		2 rules 11 rules 9 rules 10 rules

Pros & Cons

✓

Pros

  • + Utilities — 20.0% Points (cap ₹50.0)
  • + Spend-Based Lounge Access
  • + Personal Accident Insurance
  • + Fuel Surcharge Waiver
  • + Concierge Services
✗

Cons

  • − No reward on Fuel
  • −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

  • › High spenders who can offset the annual fee through rewards
  • › Frequent flyers who value unlimited airport lounge access
  • › Travellers who use hotel & lifestyle benefits regularly

👎 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 card is lifetime free, with no joining or annual fees. However, an inactivity fee of ₹300 may be charged if total annual spending is below ₹1,00,000.

You earn 2 reward points for every ₹100 spent on most purchases. Each reward point can be redeemed for ₹0.25, which translates to a base reward rate of 0.5%.

Yes, the card offers 5% cashback on utility bill payments, which is capped at a maximum of ₹50 per month.

Complimentary domestic lounge access is spend-based. You need to have spent a minimum amount (e.g., ₹10,000) in the previous quarter to unlock access for the current quarter.

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