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Visa Secured Gold Credit Card

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

Annual Fee

₹0

Base Rate

2.0%

Reward Type

Points

Overview

The Visa Secured Gold 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: Issued against a Fixed Deposit. Min. credit limit ₹25,000 (75% of FD). Age: 18-75 years.

Reward Rates & Cashback Rules

  • CATEGORY – All Spends: 2.0% cashback ⚠️ Not applicable on Fuel, Wallet Loads, EMI, Cash Withdrawals, Investments.
  • CATEGORY – Fuel: 0.0% cashback
  • CATEGORY – Wallet Load: 0.0% cashback
  • CATEGORY – EMI: 0.0% cashback

Key Features & Benefits

  • Fuel Surcharge Waiver ⛽: 1% fuel surcharge waiver, up to ₹100 per month. Requires a minimum fuel transaction of ₹400 and at least ₹2,500 in non-fuel spends in the same billing month.
  • Complimentary Insurance 🛡️: Includes Air Accident Death 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).
  • Interest-Free Credit Period ⏳: Up to 50 days of interest-free credit is available if the previous month's balance is fully paid.

Eligibility Criteria

Issued against a Fixed Deposit. Min. credit limit ₹25,000 (75% of FD). Age: 18-75 years.

Features & Benefits

⛽

Fuel Surcharge Waiver

1% fuel surcharge waiver, up to ₹100 per month. Requires a minimum fuel transaction of ₹400 and at least ₹2,500 in non-fuel spends in the same billing month.

🛡️

Complimentary Insurance

Includes Air Accident Death 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).

⏳

Interest-Free Credit Period

Up to 50 days of interest-free credit is available if the previous month's balance is fully paid.

Cashback Engine Rules

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

All Spends
Reward: 2.0%
⚠️ Exceptions: Not applicable on Fuel, Wallet Loads, EMI, Cash Withdrawals, Investments.
2%
Fuel Exclusion
Wallet Load Exclusion
EMI Exclusion

Value Chart

Assuming basic spends for Visa Secured Gold Credit Card

Category Visa Secured Gold 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 		4 rules 11 rules 11 rules 11 rules

Pros & Cons

✓

Pros

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

Cons

  • − No reward on Fuel
  • − No reward on Wallet Load
  • − No reward on EMI
  • −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
  • › 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

Yes, the Canara Bank Visa Secured Gold Credit Card has no joining fee and no annual fee, making it a lifetime free card.

The credit limit is set at a maximum of 75% of the principal amount of your Fixed Deposit (FD) with Canara Bank. The minimum credit limit is ₹25,000.

Each reward point is worth ₹0.25. Points can be redeemed for cashback (minimum 1,000 points) or for merchandise on the Canara Rewardz portal.

No, this credit card does not come with complimentary airport lounge access benefits.

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