Mastercard Gold Secured Credit Card
Rewards & Benefits
Welcome Benefits
None
Milestone Benefits
Cashback Rate
Effective cashback rate: 0.50%.
Users will earn 2 reward points for every Rs. 100 spent on credit cards. Value of 1 reward point = Rs.0.25. Effective cashback rate: 0.50%.
Movie Benefits
Dining Benefits
Other Benefits
Users will receive offers/discounts at select online and POS merchants from time to time.; Users will get a baggage insurance of up to Rs 25,000.; No annual and renewal fees.
Lounge Access
Fees & Charges
Joining Fee
NIL
Annual Fee
Annual membership fee: NIL
Cash Advance Fee
Cash advance fee: 3% of the transaction amount subject to a minimum of Rs. 30 for every Rs. 1000 or part thereof.
Interest rate
2.50% monthly, 30% annually.
Late Payment Fee
Late payment charges: Rs. 250
Foreign Currency Transactions Fee
Foreign currency markup fee: Up to 3%.
Other Fees
Reward redemption fee: It will be displayed while redeeming the points. | Fuel surcharge: 1%
Cons
Low general cashback rate.
No welcome benefits.
No milestone benefits.
Reward system: Users will earn 2 reward points for every Rs. 100 spent on credit cards. Value of 1 reward point = Rs.0.25. Effective cashback rate: 0.50%.
Users will receive offers/discounts at select online and POS merchants from time to time.
Users will get a baggage insurance of up to Rs. 25,000.
No annual and renewal fees.
Rewards & Benifits
Welcome Benefits
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Rewards System
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International Forex Markup
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Welcome Benefits and Reward System
Special Features
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Eligibility Criteria
Independent income with a minimum of ₹. 2 Lakh gross per annum for individuals.
Minimum annual gross income of Rs.60000/- and minimum net take home salary of not less than Rs.4000/- p.m. for staff members.
The applicant needs to have a Fixed Deposit with the Canara Bank.
Speical Feature, Eligibility and Benefits
How to apply for Credit Card?
Online Application:
Visit the Canara Bank Website: Go to the official Canara Bank website.
Locate the Credit Card Section: Look for the "Credit Cards" or "Apply Online" section.
Mastercard Gold Secured Credit Card: Choose the Mastercard Gold Secured Credit Card from the available options.
Fill the Application Form: Provide the required personal and financial information, such as your name, address, income, and employment details.
Upload Documents: Upload the necessary documents, including proof of identity, address, and income.
Submit the Application: Review your application and submit it online.
Offline Application:
Visit a Canara Bank Branch: Go to your nearest Canara Bank branch.
Request an Application Form: Ask the bank staff for a Mastercard Gold Secured Credit Card application form.
Fill the Application Form: Complete the form with the required information.
Submit the Application: Submit the filled form along with the necessary documents to the bank staff.
Contact Details
Call: 13 1800 1030
Account Opening and Procedure
Recommended Credit Cards
Pros:-
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Cons:-
Reward system: Users will earn 2 reward points for every Rs. 100 spent on credit cards. Value of 1 reward point = Rs.0.25. Effective cashback rate: 0.50%.
Users will receive offers/discounts at select online and POS merchants from time to time.
Users will get a baggage insurance of up to Rs. 25,000.
No annual and renewal fees.
Low general cashback rate.
No welcome benefits.
No milestone benefits.
The card offers low cashback rate. The card is offered against fixed deposit. The card offers minimal value add features. Overall the card is recommended only for those individuals whose credit score is not good enough to get a non-secured credit card.
The card offers low cashback rate. The card is offered against fixed deposit. The card offers minimal value add features. Overall the card is recommended only for those individuals whose credit score is not good enough to get a non-secured credit card.
Abhijeet Saxena
Abhijeet Saxena
Nalsar University of Law
Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi
Ex - Khaitan & Co. Bengaluru,
Ex - National Stock Exchange, Mumbai,
Ex - Argus Partners, Mumbai
Product Review
Fees & Charges
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Fuel Surcharge
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Billing Cycle
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