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Canara VISA Gold Secured Credit Card
visagoldcredit

Canara VISA Gold Secured Credit Card

Canara Bank

shoppingonline

Annual Fee

FREE

Joining Fee

NIL

Base Reward

2% points

Foreign Markup

3% on Forex Transactions

Interest Rate

2% Per Month or 24% Per Annum of the outstanding Amount for Secured Credit Cards.

Product Highlights

  • Upto 50 days of interest free credit
  • Easy EMI Conversion through Canara ai1 app
  • ATM Cash Withdrawal & other non financial services
  • Domestic & International Acceptance
  • Rewards Points for every PoS / e-commerce transaction.

Rewards

Rewards Points for every PoS / e-commerce transaction.

Redemption

Cashback or Goods Purchase through (www.canararewardz.com)

Benefits & Features

1% of transaction value with minimum fee of ₹10 + applicable taxes. Maximum of Rs 100/- for the billing month would be reimbursed in the upcoming billing month in the following cases Card should have been used for a minimum amount of ₹2500/- for purchase transactions during the billing month.

Fees & Charges

Annual FeeFREE
Joining FeeNIL
Foreign Markup3% on Forex Transactions
Interest Rate2% Per Month or 24% Per Annum of the outstanding Amount for Secured Credit Cards.
Cash Advance3% of the transaction amount subject to a minimum of ₹30/- Per ₹1000/- withdrawn or part thereof.

Eligibility

Min Income (Salaried)

₹1,00,000

Min Income (Self-Employed)

₹60,000

Available Networks

visa

Pros & Cons

Pros

  • Zero Annual, Joining and Enrolment Fee
  • Eligible credit limit is maximum up to 75% of principal amount of FD (Fixed Deposit).
  • Minimum credit card limit is Rs. 25,000.

Cons

  • Cash-Withdrawal Limit 50% of Credit Limit or ₹50,000/- , whichever is lower
  • Inactivity Fee ₹150/- if annual Turnover is less than ₹25,000/-