Canara Bank RuPay Select Credit Card Review

General Information

Rewards and Benefits

Fees and Charges

Summary

There are no joining or annual fees for the Canara Bank RuPay Select Credit Card. You will earn 2 reward points for every Rs. 100 spent using this card. You will also have comprehensive insurance coverage up to Rs. 10 lakhs.

The Canara Bank RuPay Select Credit Card is a great option for avid shoppers looking to earn rewards on their purchases.

With a joining fee and renewal fee of nil, this card offers a cost-effective way to enhance your shopping experience.

The reward type associated with this card is Reward Points, allowing you to earn 2 points for every Rs. 100 spent, including e-commerce transactions.

This means that every time you shop, whether in-store or online, you'll be earning rewards that can be redeemed for a variety of exciting options.

In addition to its shopping benefits, this card also offers a complimentary lounge access feature, providing a touch of luxury to your travels.

While it doesn't include domestic or international lounge access, it still offers a great perk for those who enjoy relaxation and convenience while on the go.

For those concerned about insurance coverage, the Canara Bank RuPay Select Credit Card provides personal accident death and permanent liability insurance, up to Rs. 10 lakhs.

This added layer of security can give you peace of mind, knowing that you are protected against unfortunate events.

While this card does not offer a spend based waiver, it does have a rewards redemption fee of nil, allowing you to redeem your hard-earned rewards without any additional cost.

However, it's important to note that this card has a foreign currency markup of 3.5% plus taxes, meaning there are additional charges for transactions made in foreign currency.

The interest rate on this card stands at 2.5% per month, which is competitive within the credit card market.

Additionally, the Canara Bank RuPay Select Credit Card provides a fuel surcharge waiver of 1% on all fuel transactions, helping you save money at the pump.

When it comes to cash advances, this card charges 3% of the advance amount, with a minimum fee of Rs. 30 per Rs. 1000.

While this is a standard fee for cash advances, it's important to exercise caution when using this feature to avoid accruing excessive debt.

In conclusion, the Canara Bank RuPay Select Credit Card is a valuable tool for shopping enthusiasts.

With its reward points, insurance benefits, and complimentary lounge access, it offers a range of perks that cater to your shopping and travelling needs.

However, it's essential to be aware of the foreign currency markup and cash advance fees associated with this card.