Canara BankReviews

Canara Rupay Select Credit Card Review

Canara Rupay Select Credit Card Review – Canara Bank is offering the Lifetime free credit card by Canara Bank in association with the NPCI Rupay. There is no joining fees, Annual fees or renewal fees on this card. They are also offering the Credit limit up to Rs 25 lakhs. The only drawback with the card is compulsion of having an account with the bank. The Canara Bank Select Credit Card is offering the Lounge access free twice in a calendar quarter.

A good credit card with lower rate of interest on EMi conversion.

Welcome Offers

This card doesn’t come with any Welcome Offer. Post approval of Credit Card, you will only receive the Credit Card without any welcome vouchers or reward point.

Eligibility Criteria 

  1. A Canara bank existing customer or
  2. You need to open a new bank account with the bank before applying
  3. Age above 18 years
  4. Salary or Business customer with credit score of 700+

Card Fees

Joining Fees – NIL

Annual Fees  NIL

Renewal Fees – NIL

Inactivity Fees – Rs 300 per annum plus GST in case of transaction on card is less than Rs 12000 in a year.

Features

Reward point benefits:

  • Get 2 rewards points for all your purchases including E-commerce payments of Rs.100.

Other benefits:

  • You will have to pay a minimum of 5% of your bill subject to a minimum amount of Rs.100.
  • The unpaid amount will be charged 2.5% p.m.
  • The cash withdrawal limit for every billing cycle is 50% of your credit card limit and is subject to a maximum of Rs.50,000.

Other Features

  1. Mobile Application Canara Saathi is available
  2. Easy to apply for EMI or loan on card through App
  3. Card is valid for three years

Credit Card Loan Facility

This card is offering a very good interest rate on converting the transactions in to EMI. The rate of interest is approximately 14% per year. The Processing charge is as low as Rs 200 per conversion.

Read More – List of 8 Best Credit Cards For EMI in India, 2021

Card Reviews

Good For :

  1. Canara Bank customers
  2. Frequent users with EMI conversion
  3. Senior Citizen or Government salary holders

Not Useful for :

  1. Card is valid only for 3 years
  2. Card doesn’t have much offers available offline or online
  3. High spend people
  4. Fuel Surcharge Waiver
How to Apply ?

In order to apply for the Canara Bank Rupay Select Credit, visit www.canarabank.com and apply through the credit card link or visit the branch. You may also apply through the Mobile Banking or calling customer care of the bank.

3 Total Score
Canara Bank Select Credit Card Review

A Lifetime free Credit Card by Canara Bank. Zero Annual Fees, Renewal Fees and Joining Fees. Get free Lounge access and lower Interest rate on EMI conversion.

Annual Fees
5
EMI Interest Rate
4
Credit Card Loan
1
Overall Features
2
PROS
  • Lower Interest rate on EMI conversion
  • No Joining Fees
  • Zero Annual Fees
  • No Renewal Fees
  • 2 Lounge access per quarter
  • Mobile app
  • Higher limit
CONS
  • No Fuel Surcharge Waiver
  • No Much offers online or offline
  • Inactivity Fees for non usage
  • Less Reward rate
  • No travel offers
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