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Canara Bank Visa Gold Credit Card

Canara Bank Visa Gold Credit Card

✍️ Fact-checked by Parash Editorial • 🔄 Updated May 2026
Canara Bank Visa Mid

Annual Fee

₹0

Base Rate

2.0%

Reward Type

Points

Overview

The Canara Bank Visa Gold Credit Card is a Mid credit card issued by Canara Bank on the Visa 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. ₹2 lakh gross annual income, good CIBIL score.

Reward Rates & Cashback Rules

  • ALL_ONLINE: 2.0% cashback
  • CATEGORY – Fuel: 0.0% cashback ⚠️ No reward points on fuel transactions.
  • CATEGORY – Rent: 0.0% cashback ⚠️ No reward points on rent payments.
  • CATEGORY – Wallet: 0.0% cashback ⚠️ No reward points on wallet load transactions.
  • CATEGORY – EMI: 0.0% cashback ⚠️ No reward points on EMI transactions.

Key Features & Benefits

  • Comprehensive Insurance 🛡️: Includes Air Accident cover (up to ₹8 lakh), other Accidental Death cover (up to ₹4 lakh), Baggage Insurance (up to ₹25,000), and Purchase Protection (up to ₹25,000).
  • Fuel Surcharge Waiver ⛽: 1% fuel surcharge waiver on transactions from ₹400, provided the card has been used for a minimum of ₹2,500 in purchases during the billing month.
  • Cash Advance 💵: Withdraw up to 50% of your credit limit (max ₹50,000). Charges of 3% (min. ₹30 per ₹1000) apply.

Eligibility Criteria

Min. ₹2 lakh gross annual income, good CIBIL score.

Features & Benefits

🛡️

Comprehensive Insurance

Includes Air Accident cover (up to ₹8 lakh), other Accidental Death cover (up to ₹4 lakh), Baggage Insurance (up to ₹25,000), and Purchase Protection (up to ₹25,000).

⛽

Fuel Surcharge Waiver

1% fuel surcharge waiver on transactions from ₹400, provided the card has been used for a minimum of ₹2,500 in purchases during the billing month.

💵

Cash Advance

Withdraw up to 50% of your credit limit (max ₹50,000). Charges of 3% (min. ₹30 per ₹1000) apply.

Cashback Engine Rules

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

All Online Spends
Reward: 2.0%
2%
Fuel Exclusion
⚠️ Exceptions: No reward points on fuel transactions.
Rent Exclusion
⚠️ Exceptions: No reward points on rent payments.
Wallet Exclusion
⚠️ Exceptions: No reward points on wallet load transactions.
EMI Exclusion
⚠️ Exceptions: No reward points on EMI transactions.

Value Chart

Assuming basic spends for Canara Bank Visa Gold Credit Card

Category Canara Bank Visa Gold 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 		5 rules 7 rules 10 rules 12 rules

Pros & Cons

✓

Pros

  • + All Spends — 2.0% Points
  • + Comprehensive Insurance
  • + Fuel Surcharge Waiver
  • + Cash Advance
✗

Cons

  • − No reward on Fuel — No reward points on fuel transactions.
  • − No reward on Rent — No reward points on rent payments.
  • − No reward on Wallet — No reward points on wallet load transactions.
  • − No reward on EMI — No reward points on EMI transactions.
  • −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

👎 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 ₹150 may be charged if total annual spending is below ₹25,000.

You earn 2 reward points for every ₹100 spent on most transactions. Each point is worth ₹0.25, which translates to an effective reward rate of 0.50%.

No, the Canara Bank Visa Gold Credit Card does not provide complimentary airport lounge access.

A foreign currency markup fee of up to 3% is charged on all international transactions.

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