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Canara Bank RuPay Select Secured Credit Card

✍️ Fact-checked by Parash Editorial • 🔄 Updated May 2026
Canara Bank RuPay Mid 🏦 Secured / FD Based

Annual Fee

₹0

Base Rate

2.0%

Reward Type

Points

Overview

The Canara Bank RuPay Select Secured Credit Card is a Mid 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: Secured card issued against a Fixed Deposit (FD). Minimum age 18 years.

Reward Rates & Cashback Rules

  • CATEGORY – Utilities: 20.0% cashback | monthly cap ₹50.0 ⚠️ Represents 5% cashback, converted to points (5 / 0.25 = 20 points per ₹100).
  • CATEGORY – Fuel: 0.0% cashback ⚠️ No reward points on fuel transactions. A 1% surcharge waiver is applicable, capped at ₹100 monthly.

Key Features & Benefits

  • Airport Lounge Access ✈️: 2 complimentary domestic lounge visits per quarter and 2 complimentary international lounge visits per year.
  • Comprehensive Insurance 🛡️: Includes Personal Accident cover up to ₹10 lakh, Air Accident cover up to ₹8 lakh, and Baggage Insurance up to ₹25,000.
  • Fuel Surcharge Waiver ⛽: 1% fuel surcharge waiver on transactions, with a maximum waiver of ₹100 per month.
  • Concierge Services 🛎️: 24x7 concierge services for travel assistance, reservations, and other arrangements.

Eligibility Criteria

Secured card issued against a Fixed Deposit (FD). Minimum age 18 years.

Features & Benefits

✈️

Airport Lounge Access

2 complimentary domestic lounge visits per quarter and 2 complimentary international lounge visits per year.

🛡️

Comprehensive Insurance

Includes Personal Accident cover up to ₹10 lakh, Air Accident cover up to ₹8 lakh, and Baggage Insurance up to ₹25,000.

⛽

Fuel Surcharge Waiver

1% fuel surcharge waiver on transactions, with a maximum waiver of ₹100 per month.

🛎️

Concierge Services

24x7 concierge services for travel assistance, reservations, and other arrangements.

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, converted to points (5 / 0.25 = 20 points per ₹100).
20%
Fuel Exclusion
⚠️ Exceptions: No reward points on fuel transactions. A 1% surcharge waiver is applicable, capped at ₹100 monthly.

Value Chart

Assuming basic spends for Canara Bank RuPay Select Secured Credit Card

Category Canara Bank RuPay Select Secured Credit Card Axis Bank Privilege Credit Card Samsung Axis Bank Signature Credit Card HDFC Bank BizPower Credit Card
₹
Joining Fee 		₹0 ₹0 ₹0 ₹0
₹
Annual Fee 		₹0 ₹1500 ₹500 ₹2500
🌍
Forex Markup 		3.5% 3.5% 3.5% 3.5%
%
Base Rate 		2.0% 5.0% 5.0% 2.67%
★
Known Rules 		2 rules 7 rules 10 rules 12 rules

Pros & Cons

✓

Pros

  • + Utilities — 20.0% Points (cap ₹50.0)
  • + Airport Lounge Access
  • + Comprehensive Insurance
  • + Fuel Surcharge Waiver
  • + Concierge Services
✗

Cons

  • − No reward on Fuel — No reward points on fuel transactions. A 1% surcharge waiver
  • −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

  • › Regular earners with ₹50k–₹1.5L monthly spends
  • › Those seeking a balance of rewards and moderate fees
  • › Individuals without a salary slip who need an FD-backed card

👎 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

The Canara Bank RuPay Select Secured Credit Card is lifetime free, with no joining or annual fees. However, an inactivity fee of ₹300 is charged if annual spends are below ₹1,00,000.

You earn 2 reward points for every ₹100 spent on general transactions. Each reward point is valued at ₹0.25, giving an effective reward rate of 0.5%.

The card offers 2 complimentary domestic airport lounge visits per quarter and 2 complimentary international lounge visits per year.

Yes, as a secured credit card issued against a Fixed Deposit, it is an excellent option for individuals without a credit history or those looking to improve their credit score.

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