Canara Bank Visa Signature Credit Card
Your lifetime-free gateway to Visa Signature lifestyle and rewards.
Network: Visa | Type: Rewards and No Annual Fee | Reward: Reward Points
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Fees & Charges
- Joining Fee: ₹0 + GST
- Annual Fee: ₹0 + GST
- Waiver: NA (card is lifetime free)
- Foreign Markup: 3.5% + GST
- Fuel Surcharge: 1% waiver on transactions ₹400–₹5,000 (max ₹250/month)
- Redemption Fee: Nil
- Late Payment Fee: ₹100–₹500 based on outstanding amount
- Interest Rate: 3.10% per month (approx 37.2% p.a.)
- Cash Advance: 2.5% or ₹300 (whichever is higher)
Credofly Review
While it doesn’t have flashy rewards or welcome offers, this card’s no annual fee, solid base rewards, and Visa Signature privileges make it an excellent choice for conservative spenders and those looking for PSU trust.
Rewards & Earnings
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Earn 2 reward points per ₹100 on all eligible spends
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Points can be redeemed for gift vouchers, merchandise, or statement credit
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1 reward point = ~₹0.25 (varies based on redemption)
Reward points can be redeemed for shopping vouchers, products, or statement credit via Canara Rewardz portal.
Benefits
- Welcome:
None
- Milestone:
None
- Renewal:
Card is lifetime free; no renewal conditions
- Lifestyle:
dining benefits
Why We Like It
It’s one of the few lifetime-free Visa Signature cards with a clean rewards structure and premium Visa privileges, all from a trusted PSU bank.
Pros & Cons
✅ Pros
Lifetime free — ₹0 joining and annual fee
Visa Signature lifestyle, travel, and dining perks
2 reward points per ₹100 on all spends
❌ Cons
No welcome or milestone benefits
The redemption portal is not as intuitive as private banks
Only offline branch-based application for most users
Eligibility & Application
Eligibility:
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Age: 21–60 years
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Stable income source (salaried/self-employed)
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Indian resident with good credit score
How to Apply:
👉 Apply at the nearest Canara Bank branch or check availability via Canara Bank portal
👉 Submit form, PAN, Aadhaar, and income proof
👉 Approval in 7–10 working days
FAQs
Is the Canara Bank Visa Signature card really lifetime free?
Yes, there’s no joining or annual fee — it’s lifetime free with no conditions.
Where can I redeem reward points?
Through the Canara Rewardz portal for vouchers, merchandise, or cashback.
Can I apply online?
Currently, applications are accepted mostly through offline branches.
Are there any milestone benefits?
No, the card does not offer milestone rewards or bonuses.
What is the reward rate?
You earn 2 reward points per ₹100 on eligible spends.
Are wallet or fuel spends rewarded?
No, fuel, wallet loads, rent, insurance, and EMI spends are excluded.
Does it offer lounge access?
Lounge access is not included directly but Visa Signature dining & lifestyle offers are available.
User Reviews
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