Card Image
Canara Bank Mastercard Standard
Annual Fee
₹250
Rewards/₹100 ⓘ
₹0.20
Normalized to balance base rate with bonus categories
Interest Rate
36.00%
Credit Score
680+
At a Glance
Key Benefits
Very low fees, basic rewards, entry-level Mastercard
Lounge Access
No lounge access
Eligibility
Age: 21-60 years, Annual income: Rs.1.8 lakh+, CIBIL: 680+
Quick Details
Annual Fee
₹250
#63
Joining Fee
₹250
#69
Interest Rate
36.00% p.a.
#45
Forex Markup
3.50%
#75
Rewards/₹100
₹0.20
#291
Reward Type Reward Points
Reward Currency Points
Min Credit Score
680+
#38
Min Monthly Income ₹NaN
Network MASTERCARD
Late Payment Fee ₹300
Cash Advance Fee 2.50% (min ₹500)
Fee Waiver on Spend ₹50,000/yr
Reward Structure
Base
All Spends
₹0.20 /₹100
Reward Calculator
₹
Allocate by Category 100%
Your Rewards
Points Earned 0
Cash Value ₹0
Breakdown
Quick amounts:
Milestone Benefits
Renewal Benefit
Annual fee waiver on Rs.50K spend
Spend ₹50,000 within 365 days
₹250
value
Insurance Coverage
Accident
₹1,00,000
Basic accident cover
Lifestyle Perks
Fuel
1 /month
1% fuel surcharge waiver
Quick Analysis
Canara Bank Mastercard Standard is the most basic entry-level card for first-time users wanting Mastercard acceptance.
Pros
- Very low annual fee of Rs.250
- Easy fee waiver on Rs.50K spend
- Mastercard acceptance worldwide
- Basic insurance coverage
- Entry-level card for new users
Cons
- Very low credit limit (max Rs.1.5L)
- Low reward rate (0.20%)
- No lounge access
- Minimal benefits
Best For
First-time users, entry-level card seekers
Not Ideal For
High spenders, travelers, premium seekers
Frequently Asked Questions
What is the annual fee for Canara Bank Mastercard Standard?
Yes, the annual fee is ₹250. The fee can be waived on annual spending of ₹50000.
Is there a joining fee for Canara Bank Mastercard Standard?
Yes, the joining fee is ₹250.
What rewards does Canara Bank Mastercard Standard offer?
You can earn rewards worth up to ₹0.20 per ₹100 spent. The base reward rate is ₹0.20 per ₹100.
Does Canara Bank Mastercard Standard offer lounge access?
This card does not include complimentary lounge access.
What is the eligibility for Canara Bank Mastercard Standard?
To apply for Canara Bank Mastercard Standard, you need minimum age of 21 years, minimum monthly income of ₹180000, credit score of 680+.
User Reviews
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