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Canara Bank Visa Platinum Credit Card

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

Annual Fee

₹0

Base Rate

2.0%

Reward Type

Points

Overview

The Canara Bank Visa Platinum Credit Card is a Entry 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: Minimum gross annual income of ₹3 Lakhs and a CIBIL score of 700+.

Reward Rates & Cashback Rules

  • ALL_ONLINE: 2.0% cashback ⚠️ Not valid on fuel transactions and cash withdrawals.
  • CATEGORY – Fuel: 0.0% cashback ⚠️ Reward points are not awarded for fuel transactions.
  • CATEGORY – Cash Withdrawal: 0.0% cashback ⚠️ Reward points are not awarded for cash withdrawals.

Key Features & Benefits

  • Domestic Airport Lounge Access ✈️: 2 complimentary domestic airport lounge visits per quarter for the primary cardholder.
  • Fuel Surcharge Waiver ⛽: 1% fuel surcharge waiver on transactions between ₹400 and ₹4,000, capped at ₹100 per month. Requires minimum monthly spends of ₹2,500 on other categories.
  • Complimentary Insurance 🛡️: Air accident cover up to ₹8 lakh (self) & ₹4 lakh (spouse). Other accident cover up to ₹4 lakh (self) & ₹2 lakh (spouse).

Eligibility Criteria

Minimum gross annual income of ₹3 Lakhs and a CIBIL score of 700+.

Features & Benefits

✈️

Domestic Airport Lounge Access

2 complimentary domestic airport lounge visits per quarter for the primary cardholder.

⛽

Fuel Surcharge Waiver

1% fuel surcharge waiver on transactions between ₹400 and ₹4,000, capped at ₹100 per month. Requires minimum monthly spends of ₹2,500 on other categories.

🛡️

Complimentary Insurance

Air accident cover up to ₹8 lakh (self) & ₹4 lakh (spouse). Other accident cover up to ₹4 lakh (self) & ₹2 lakh (spouse).

Cashback Engine Rules

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

All Online Spends
Reward: 2.0%
⚠️ Exceptions: Not valid on fuel transactions and cash withdrawals.
2%
Fuel Exclusion
⚠️ Exceptions: Reward points are not awarded for fuel transactions.
Cash Withdrawal Exclusion
⚠️ Exceptions: Reward points are not awarded for cash withdrawals.

Value Chart

Assuming basic spends for Canara Bank Visa Platinum Credit Card

Category Canara Bank Visa 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 		3 rules 11 rules 11 rules 11 rules

Pros & Cons

✓

Pros

  • + All Spends — 2.0% Points
  • + Domestic Airport Lounge Access
  • + Fuel Surcharge Waiver
  • + Complimentary Insurance
✗

Cons

  • − No reward on Fuel — Reward points are not awarded for fuel transactions.
  • − No reward on Cash Withdrawal — Reward points are not awarded for cash withdrawals.
  • −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

The card has no joining or annual fee. However, an inactivity fee of ₹200 + GST is charged if total spending is less than ₹50,000 in a year.

You earn 2 reward points for every ₹100 spent on all eligible transactions. Each point can be redeemed for ₹0.25, giving an effective reward rate of 0.5%.

Yes, it offers 2 complimentary domestic airport lounge visits per quarter for the primary cardholder.

Yes, reward points are not awarded on fuel transactions and cash withdrawals.

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