Canara Bank RuPay Platinum Credit Card Review

General Information

Rewards and Benefits

Fees and Charges

Summary

The Canara Bank RuPay Platinum Credit Card offers no joining fee and no annual fee. Cardholders earn 2 reward points for every Rs. 100 spent. It provides extensive travel insurance coverage of up to Rs. 8 lakhs.

The Canara Bank RuPay Platinum Credit Card is a suitable choice for individuals who enjoy shopping and want to earn reward points.

With no joining or renewal fees, this card offers convenience without any additional financial burden.

Cardholders can earn 2 reward points on every Rs. 100 spent on this card, including on e-commerce transactions.

This makes it advantageous for frequent shoppers, as the reward points can be accumulated and redeemed for a variety of options.

While this credit card does not offer specific welcome benefits, movie dining, travel, domestic lounge access, international lounge access, or golf privileges, it does provide insurance benefits.

These benefits include coverage for air accident insurance, both for the cardholder and their spouse, up to Rs. 8 lakhs and Rs. 4 lakhs respectively.

Additionally, there is coverage for other air accident insurance, up to 4 lakhs and 2 lakhs respectively.

Moreover, baggage insurance of up to Rs. 25,000 and purchase protection up to Rs. 25,000 is also included.

The card does not provide a spend-based waiver or charge any fees for rewards redemption.

However, it does have a foreign currency markup of 3.5% plus taxes and an interest rate of 2.5% per month.

The fuel surcharge on this card is 1% and comes with a fuel surcharge waiver.

In terms of cash advances, there is a fee of 3% of the advance amount, subject to a minimum of Rs. 30 per Rs. 1000.

In conclusion, the Canara Bank RuPay Platinum Credit Card is a beneficial choice for individuals who primarily shop and want to earn rewarding points.

With its valuable insurance benefits, low fees, and straightforward features, it provides convenience and peace of mind for its users.