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Canara Bank Visa Signature Credit Card

✍️ Fact-checked by Parash Editorial • 🔄 Updated May 2026
Canara Bank Visa Premium

Annual Fee

₹0

Base Rate

2.0%

Reward Type

Points

Overview

The Canara Bank Visa Signature Credit Card is a Premium credit card issued by Canara Bank on the Visa network. It offers a base reward rate of 2.0% on all spends, with rewards issued as Points(1 pt = ₹0.25).

Annual Fee: Lifetime Free
Eligibility: Minimum gross annual income of ₹10 lakh.

Reward Rates & Cashback Rules

  • ALL_ONLINE: 2.0% cashback
  • CATEGORY – Fuel: 0.0% cashback
  • CATEGORY – Jewellery: 0.0% cashback
  • CATEGORY – Insurance: 0.0% cashback
  • CATEGORY – EMI: 0.0% cashback

Key Features & Benefits

  • Airport Lounge Access ✈️: 3 domestic and 1 international complimentary lounge visit per quarter, subject to spending ₹10,000 in the previous quarter.
  • Fuel Surcharge Waiver ⛽: 1% fuel surcharge waiver on transactions between ₹400 and ₹4,000, capped at ₹100 per month.
  • Comprehensive Insurance 🛡️: Includes fraudulent charge cover up to ₹5 Lakh, baggage insurance up to ₹25,000, and purchase protection up to ₹25,000.
  • Personal Accident Cover 🚑: Complimentary personal air accident cover of ₹8 lakh and other non-air accident cover of ₹4 lakh for the primary cardholder.

Eligibility Criteria

Minimum gross annual income of ₹10 lakh.

Features & Benefits

✈️

Airport Lounge Access

3 domestic and 1 international complimentary lounge visit per quarter, subject to spending ₹10,000 in the previous quarter.

⛽

Fuel Surcharge Waiver

1% fuel surcharge waiver on transactions between ₹400 and ₹4,000, capped at ₹100 per month.

🛡️

Comprehensive Insurance

Includes fraudulent charge cover up to ₹5 Lakh, baggage insurance up to ₹25,000, and purchase protection up to ₹25,000.

🚑

Personal Accident Cover

Complimentary personal air accident cover of ₹8 lakh and other non-air accident cover of ₹4 lakh for the primary cardholder.

Cashback Engine Rules

The exact calculator logic parameters extracted from the terms & conditions.

All Online Spends
Reward: 2.0%
2%
Fuel Exclusion
Jewelry Exclusion
Insurance Exclusion
EMI Exclusion

Value Chart

Assuming basic spends for Canara Bank Visa Signature Credit Card

Category Canara Bank Visa Signature Credit Card Axis Bank Atlas Credit Card Miles & More World Select Credit Card BOBCARD Eterna Credit Card
₹
Joining Fee 		₹0 ₹0 ₹0 ₹0
₹
Annual Fee 		₹0
Inactivity fee of ₹1,000 is waived if annual spending is ₹2,00,000 or more.
 ₹5000 ₹4500 ₹2499
🌍
Forex Markup 		3.0% 3.5% 3.5% 3.5%
%
Base Rate 		2.0% 2.0% 3.0% 3.0%
★
Known Rules 		5 rules 11 rules 9 rules 10 rules

Pros & Cons

✓

Pros

  • + All Spends — 2.0% Points
  • + Airport Lounge Access
  • + Fuel Surcharge Waiver
  • + Comprehensive Insurance
  • + Personal Accident Cover
✗

Cons

  • − No reward on Fuel
  • − No reward on Jewelry
  • − No reward on Insurance
  • − No reward on EMI
  • −Forex markup of 3.0% on international spends

Our Verdict

₹ Real Value Calculation (assumed ₹3L/year spend)

Est. Annual Rewards

₹6000

Annual Fee

₹0

Net Value

+₹6000

✅ At ₹3L/year spend, base rewards alone cover the fee. Additional benefits like lounge access add further value.

👍 Best For

  • › High spenders who can offset the annual fee through rewards
  • › Frequent flyers who value unlimited airport lounge access
  • › Travellers who use hotel & lifestyle benefits regularly

👎 Not Worth It If…

  • › You spend heavily in foreign currency — 3.0% markup adds up fast
  • › You rarely use premium benefits like lounges or concierge
  • › You prefer a no-annual-fee card with simpler terms

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Frequently Asked

You earn 2 reward points for every ₹100 spent on most transactions. With each point valued at ₹0.25, this provides an effective reward rate of 0.50%.

No, this card is lifetime free with no joining or annual fees. However, an inactivity fee of ₹1,000 is charged if your total annual spending is less than ₹2,00,000.

You get 3 domestic and 1 international lounge visit per quarter. To be eligible, you must spend at least ₹10,000 in the preceding calendar quarter.

Reward points are not earned on fuel, EMI, cash withdrawals, and purchases of gold or jewelry. Investments and insurance payments are also excluded.

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