The Canara Bank RuPay Select Credit Card is tailored for customers who seek a blend of rewards, benefits, and affordability. Positioned as a mid-tier credit card, it offers an attractive rewards program, lifestyle benefits, and access to domestic lounges. Being part of the RuPay network, this card comes with additional perks on domestic transactions, making it a strong choice for those who frequently spend on shopping, dining, and travel within India. In this review, we’ll explore the features, fees, and extensive benefits of the Canara Bank RuPay Select Credit Card to help you determine if it meets your financial needs.
Overview
| Feature | Details |
|---|---|
| Card Type | Mid-Tier Credit Card |
| Reward Rate | 2 Reward Points per ₹150 spent |
| Reward Value | Varies based on redemption options |
| Joining Fee | ₹500 + GST (waived on spending ₹25,000 annually) |
| Unique Selling Points | Domestic lounge access, attractive rewards program, RuPay offers |
| Rating | ★★★★☆ (4.2/5) |
Canara Bank RuPay Select Credit Card Fees and Charges
| Fee Type | Details |
|---|---|
| Joining Fee | ₹500 + GST (waived on spending ₹25,000 annually) |
| Annual Fee | ₹500 + GST (waived on spending ₹50,000 annually) |
| Finance Charges | 3.5% per month (42% per annum) |
| Foreign Transaction Fee | 3.5% + GST |
| Cash Advance Fee | 2.5% of the amount withdrawn (min ₹300) |
| Late Payment Fee | ₹100 to ₹1,000 depending on the outstanding balance |
| Fuel Surcharge Waiver | 1% on transactions between ₹400 and ₹5,000 |
Canara Bank RuPay Select Credit Card Benefits
Welcome Benefits
- Joining Fee Waiver: Spend ₹25,000 within the first year to get the joining fee of ₹500 + GST waived.
- Initial Bonus Points: Earn 1,000 bonus Reward Points on your first transaction within 30 days of card issuance.
Rewards Program
- Earn Points on Every Spend: Get 2 Reward Points for every ₹150 spent across categories such as shopping, dining, and travel.
- Accelerated Rewards: Earn up to 5X Reward Points during special promotions and on select categories.
Domestic Lounge Access
- Airport Lounge Access: Enjoy 2 complimentary domestic airport lounge visits per quarter, enhancing your travel experience within India.
Fuel Benefits
- Fuel Surcharge Waiver: Receive a 1% fuel surcharge waiver on transactions between ₹400 and ₹5,000, providing additional savings on fuel expenses.
Dining Discounts
- Dining Privileges: Get up to 15% off at partner restaurants across India, making your dining experiences more enjoyable and affordable.
Entertainment Offers
- Movie Ticket Discounts: Enjoy exclusive discounts on movie tickets through partner platforms, ensuring affordable entertainment.
E-Commerce Benefits
- Exclusive Online Offers: Avail special discounts and offers on leading e-commerce platforms like Amazon, Flipkart, and Myntra when using your Canara Bank RuPay Select Credit Card.
Insurance Cover
- Personal Accident Insurance: Avail complimentary personal accident insurance coverage of up to ₹10 lakh, offering peace of mind in case of unforeseen events.
- Purchase Protection: Get coverage for the first 90 days from the date of purchase against damage or theft of items bought using your credit card.
Contactless Payments
- Tap & Pay Feature: The Canara Bank RuPay Select Credit Card supports contactless payments, allowing you to make secure transactions swiftly and conveniently.
Bill Payment Convenience
- Utility Bill Payments: Earn Reward Points on utility bill payments, such as electricity, water, and phone bills, when paid using your credit card.
Rewards
| Spending Category | Reward Points Earned |
|---|---|
| All Purchases | 2 Reward Points per ₹150 spent |
| Accelerated Rewards | Earn up to 5X points on select categories and promotions |
Redemption
Reward Points can be redeemed for a variety of options, including:
- Gift Vouchers: Redeem points for vouchers from popular brands in shopping, dining, travel, and more.
- Merchandise: Choose from a wide selection of products available in the Canara Bank rewards catalog.
- Airline Miles: Convert Reward Points into airline miles with participating airline partners for discounted travel.
- Statement Credit: Offset your outstanding credit card balance by redeeming points as statement credit.
Gift Vouchers Available
| Category | Brands |
|---|---|
| Shopping | Myntra, Amazon, Pantaloons, Levi’s, Lifestyle, Shoppers Stop, Westside |
| Electronics | Croma |
| OTA | MakeMyTrip, EaseMyTrip |
| Hotels | Oberoi Hotels, Taj Hotels, ITC Hotels |
| Cabs | Uber, Ola |
| Airline | Vistara, IndiGo, SpiceJet |
| Luxury Brands | Neiman Marcus, Gucci, Louis Vuitton |
| Merchandise | Apple, Samsung |
Airport Lounge Access
| Lounge Access | Details |
|---|---|
| Domestic Lounge Access | 2 complimentary visits per quarter |
| International Lounge Access | Not available |
| Annual Limit | 8 visits per year |
Airport Transfers
The Canara Bank RuPay Select Credit Card does not offer complimentary airport transfers, focusing instead on enhancing domestic travel experiences through lounge access and rewards.
Forex Markup Fee
| Feature | Details |
|---|---|
| Forex Markup Fee | 3.5% + GST |
| Reward Rate for International Spends | 2 Reward Points per ₹150 spent |
Eligibility
- Age: 21 to 65 years.
- Income: Minimum annual income of ₹2.5 lakh.
- Employment: Available to salaried and self-employed individuals.
How to Apply?
Online Application
- Visit the official Canara Bank website.
- Navigate to the credit card section and select “Canara Bank RuPay Select Credit Card.”
- Complete the application form with your personal and financial details.
- Submit the required documents online for verification.
- Await approval and card issuance.
Offline Application
- Visit your nearest Canara Bank branch.
- Request an application form for the Canara Bank RuPay Select Credit Card.
- Fill out the form with necessary details and submit it along with the required documents.
- The bank will process your application, and upon approval, the card will be issued.
Canara Bank RuPay Select Credit Card Review
Editor’s Rating
Summary
The Canara Bank RuPay Select Credit Card is an excellent mid-tier option for those who want to enjoy a robust rewards program without paying hefty fees. The card offers a range of benefits, including domestic lounge access, dining discounts, and e-commerce offers, making it a well-rounded choice for everyday spending. While it lacks international travel perks, it excels in providing value for domestic use, especially for those who frequently travel within India. The annual fee waiver on achieving moderate spending levels adds to its attractiveness, making it a smart choice for budget-conscious users seeking more from their credit card.
Pros and Cons
| Pros | Cons |
|---|---|
| 2 Reward Points per ₹150 spent across various categories | No international lounge access or travel perks |
| Complimentary domestic lounge access (2 visits per quarter) | High foreign transaction fee at 3.5% + GST |
| Wide range of redemption options, including popular gift vouchers | No complimentary airport transfers or concierge services |
| Low annual fee with easy waiver conditions | Limited to domestic benefits, not ideal for frequent international travelers |
Comparison with Similar Cards
| Feature | Canara Bank RuPay Select Credit Card | SBI Card PRIME | HDFC MoneyBack+ Credit Card |
|---|---|---|---|
| Annual Fee | ₹500 + GST (waived on spending ₹50,000 annually) | ₹2,999 + GST (waived on spending ₹3 lakh annually) | ₹500 + GST (waived on spending ₹50,000 annually) |
| Reward Rate | 2 Reward Points per ₹150 spent | 10 Reward Points per ₹100 spent on dining, groceries, movies | 2 Reward Points per ₹150 spent (3X on online spends) |
| Lounge Access | 2 domestic lounge visits per quarter | 4 international and 8 domestic lounge visits per year | 2 domestic lounge visits per year |
| Milestone Benefits | ₹500 fee waiver at ₹50,000 spend, bonus points at ₹1 lakh | ₹3,000 voucher on spending ₹3 lakh annually | 500 Reward Points on card anniversary |
| Forex Markup Fee | 3.5% + GST | 1.99% + GST | 3.5% + GST |
SBI Card PRIME Comparison
The SBI Card PRIME is a more premium option, offering higher rewards on specific categories such as dining, groceries, and movies. It also provides both domestic and international lounge access, making it ideal for frequent travelers. However, the annual fee is significantly higher than the Canara Bank RuPay Select Credit Card. If you’re looking for a cost-effective card with strong domestic benefits, the Canara Bank card is the better choice, while the SBI Card PRIME is suited for those willing to pay more for extensive rewards and travel perks.
HDFC MoneyBack+ Credit Card Comparison
The HDFC MoneyBack+ Credit Card is another mid-tier option with a similar fee structure but offers better rewards for online spends. It provides fewer lounge visits and lacks some of the lifestyle benefits that the Canara Bank RuPay Select Credit Card offers. If your spending is more focused on online shopping, the HDFC MoneyBack+ might be more beneficial. However, for a broader range of benefits, including dining and lounge access, the Canara Bank RuPay Select Credit Card stands out.
FAQ
What is the annual fee for the Canara Bank RuPay Select Credit Card?
The annual fee is ₹500 + GST, which is waived if you spend ₹50,000 annually.
How do I earn reward points with this card?
You earn 2 Reward Points for every ₹150 spent across all categories, with accelerated rewards on select categories and promotions.
Does this card offer airport lounge access?
Yes, the card provides 2 complimentary domestic airport lounge visits per quarter.
Are there milestone rewards available with this card?
Yes, you can earn additional bonus Reward Points upon reaching certain spending milestones, such as ₹1 lakh in a year.
Can I use this card internationally?
Yes, you can use the card internationally, but it has a foreign transaction fee of 3.5% + GST, and reward points are earned at the same rate as domestic spends.
For more details you can visit Rupay Select Individual Credit Card.
