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Canara Bank Visa Corporate Credit Card

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

Join / Annual

₹250/₹400

Base Rate

2.0%

Reward Type

Points

Overview

The Canara Bank Visa Corporate 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: ₹400
Eligibility: Issued to corporate customers of Canara Bank with a minimum annual turnover of ₹10 crores.

Reward Rates & Cashback Rules

  • CATEGORY – All Spends: 2.0% cashback ⚠️ Does not apply to Fuel and Cash Withdrawals.
  • CATEGORY – Fuel: 0.0% cashback
  • CATEGORY – Cash Withdrawal: 0.0% cashback

Key Features & Benefits

  • Fuel Surcharge Waiver ⛽️: 1% fuel surcharge waiver on transactions of ₹400 or more, with a maximum waiver of ₹100 per month. A minimum monthly spend of ₹2,500 is required to avail this benefit.
  • Interest-Free Credit ⏳: Up to 50 days of interest-free credit period on purchases.
  • Complimentary Insurance 🛡️: Includes complimentary personal accident insurance and baggage insurance.
  • Cash Advance 💵: Cash withdrawal facility up to 50% of the credit limit, with a maximum of ₹5 Lakh for the primary cardholder.

Eligibility Criteria

Issued to corporate customers of Canara Bank with a minimum annual turnover of ₹10 crores.

Features & Benefits

⛽️

Fuel Surcharge Waiver

1% fuel surcharge waiver on transactions of ₹400 or more, with a maximum waiver of ₹100 per month. A minimum monthly spend of ₹2,500 is required to avail this benefit.

⏳

Interest-Free Credit

Up to 50 days of interest-free credit period on purchases.

🛡️

Complimentary Insurance

Includes complimentary personal accident insurance and baggage insurance.

💵

Cash Advance

Cash withdrawal facility up to 50% of the credit limit, with a maximum of ₹5 Lakh for the primary cardholder.

Cashback Engine Rules

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

All Spends
Reward: 2.0%
⚠️ Exceptions: Does not apply to Fuel and Cash Withdrawals.
2%
Fuel Exclusion
Cash Withdrawal Exclusion

Value Chart

Assuming basic spends for Canara Bank Visa Corporate Credit Card

Category Canara Bank Visa Corporate Credit Card Axis Bank Privilege Credit Card Samsung Axis Bank Signature Credit Card HDFC Bank BizPower Credit Card
₹
Joining Fee 		₹250 ₹0 ₹0 ₹0
₹
Annual Fee 		₹400 ₹1500 ₹500 ₹2500
🌍
Forex Markup 		3.0% 3.5% 3.5% 3.5%
%
Base Rate 		2.0% 5.0% 5.0% 2.67%
★
Known Rules 		3 rules 7 rules 10 rules 12 rules

Pros & Cons

✓

Pros

  • + All Spends — 2.0% Points
  • + Fuel Surcharge Waiver
  • + Interest-Free Credit
  • + Complimentary Insurance
  • + Cash Advance
✗

Cons

  • − No reward on Fuel
  • − No reward on Cash Withdrawal
  • −Forex markup of 3.0% on international spends

Our Verdict

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

Est. Annual Rewards

₹6000

Annual Fee

₹400

Net Value

+₹5600

✅ 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 — 3.0% 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 offers 2 reward points for every ₹100 spent. With each point valued at ₹0.25, this translates to an effective reward rate of 0.5% on most purchases.

Yes, the card has a one-time joining fee of ₹250 and an annual renewal fee of ₹400, plus applicable GST. Information on fee waivers is not available.

A foreign currency markup fee of 3% is charged on all international transactions made with this card.

Reward points can be redeemed through the Canara Rewardz website for items in their catalogue, including products, vouchers, and mobile/DTH recharges. Points are valid for three years.

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