You are on page 1of 4

Canara Gold Card (Individuals)

Eligibility: Satisfactory dealings, minimum income `2,00,000/- p.a. Usage: Globally. No enrolment fee. Card inactivity fee : `750/Minimum turnover per annum for waiver of inactivity fee: `25,000/Add on card free. Card inactivity fee: `750/- .For waiver, usage `25,000/- per annum. Free Credit period upto 50 days. Minimum Repayment on Revolving Credit: 5% of the billed amount with minimum `100/Card limit: upto 30% of gross annual income.(Min-`75000/-, Max- `7.5 lakh) Cash advance limit against credit card amount: 50% of credit limit with a maximum of `50,000/-(Per day maximum limit of `35,000/-) Complimentary insurance cover for Accident Death: Air Crash: Self `8 lacs and Spouse `4 lakhs. Other than Air crash: Self: `4 lacs, for spouse `2 lakhs. For Baggage `50,000/- insurance. Lost card liability : In excess of `1000/- from the time of reporting of loss card. Charges on Revolved Amount outstanding liability: 2.5% pm(30% pa) Cheque dishonour charrges : `50/Cash Withdrawal charges: 3% of transaction amount with min. `30/- per thousand or part thereof Copy of charge slip: `100/- for domestic, USD 10 for international or actual costs which ever is higher Request for Original Charge slip: USD2 if processed by our Bank and USD 6 if processed by other Bank. Notice/Reminder charges : `50/- per notice Delayed payment beyond due date: 2% min. `10/- max `150/- for cards with revolving facility. Cards without revolving facility:2% min. `20/- max. `300/Return of FTV by branches: `100/- for first time and `300/- for each subsequent return Reminder for repayment of overdues over SMS : `5/- per SMS Foreign Currency transaction load (mark up) upto 3% Duplicate card issue: Free // Hotlisting fee: `300/-

CREDIIT CARDS
Canara Global Credit Cards // Canara Classic(Visa)/ Standard Card(Master) (Cir 90/2008) (Individuals):
Eligibility: Satisfactory dealings, minimum income `60000/- p.a. Usage: Globally. No enrolment fee & No Annual fee till 31-08-2013.(278/2008) Card inactivity fee : `400/Minimum turnover per annum for waiver of inactivity fee: `12,000/Add on card free. Card inactivity fee: `300/- .For waiver, usage `12,000/- per annum. Free Credit period 20 to 50 days. Card limit: upto 30% of gross annual income.(Min-`10000/-, Max- `3 lakh) Minimum Repayment on Revolving Credit: 5% of the billed amount with minimum `100/Cash advance limit against credit card amount: 50% of credit limit with a maximum of `50,000/Complimentary insurance cover for Accident Death: Air Crash: Self `4 lacs and Spouse `2 lakhs. Other than Air crash: Self: `2 lacs, for spouse `1 lakh. For Baggage `25,000/- insurance. Lost card liability : Excess of `1000/- from the time of reporting of loss of card. Charges on Revolved Amount outstanding liability: 2.5% pm(30% pa) Cheque dishonour charges : `50/Cash Withdrawal charges: 3% of transaction amount with min. `30/- per thousand or part thereof Copy of charge slip: `100/- for domestic, USD 10 for international or actual costs which ever is higher Request for Original Charge slip: USD2 if processed by our Bank and USD 6 if processed by other Bank.

Snap Shot August 2013 Issue


Snap Shot August 2013 issue- Compiled by RSTC Gurgaon

265
Notice/Reminder charges : `50/- per notice Delayed payment beyond due date: 2% min. `10/- max `150/- for cards with revolving facility. Cards without revolving facility:2% min. `20/- max. `300/Return of FTV by branches: `100/- for first time and Rs300/- for each subsequent return Free SMS on billing and transactions above `3000/Reminder for repayment of overdues over SMS : `5/- per SMS Duplicate card issue: Free Foreign Currency transaction load (mark up) upto 3% Hotlisting fee: `300/Loyalty/Bonus Points: One bonus point for every purchase transaction of `100. Value of one bonus point is `0.50. No maximum limit for accumulation. No time

limit for retention of bonus points. Accumulate minimum of 300 points for redemption. Where the cardholder does not seek redemption of bonus points, even though he has qualified for redemption, the accumulated bonus points in multiples of 100 points will be redeemed automatically to the credit of their card accounts. Bonus point not qualified for redemption as on last day of February every year would lapse (Cir 62/2011) The Credit Cards due for renewal with NIL transaction in the past 12 months will be blocked from automatic renewal. However one letter will sent to cardholder seeking their instruction to renew the card, TWO month prior to the card expiry date. If customer desires to renew the credit card, all formalities applicable to new card will be adhered and fresh card will be issued.(Cir 75/2011) Credit Card dues can be remitted through any branch by IBA on Card Division (DP 1912) or through NEFT by our net banking customers. 16 Digit Credit Card Number to be filled up in place of Account Number (Cir 170/2013)

Canara Gold Card (Individuals)


Eligibility: Satisfactory dealings, minimum income `2,00,000/- p.a. Usage: Globally. No enrolment fee. Card inactivity fee : `750/Minimum turnover per annum for waiver of inactivity fee: `25,000/Add on card free. Card inactivity fee: `750/- .For waiver, usage `25,000/- per annum. Free Credit period upto 50 days. Minimum Repayment on Revolving Credit: 5% of the billed amount with minimum `100/Card limit: upto 30% of gross annual income.(Min-`75000/-, Max- `7.5 lakh) Cash advance limit against credit card amount: 50% of credit limit with a maximum of `50,000/-(Per day maximum limit of `35,000/-) Complimentary insurance cover for Accident Death: Air Crash: Self `8 lacs and Spouse `4 lakhs. Other than Air crash: Self: `4 lacs, for spouse `2 lakhs. For Baggage `50,000/- insurance.

Snap Shot August 2013 Issue


Snap Shot August 2013 issue- Compiled by RSTC Gurgaon

266
Lost card liability : In excess of `1000/- from the time of reporting of loss card. Charges on Revolved Amount outstanding liability: 2.5% pm(30% pa) Cheque dishonour charrges : `50/Cash Withdrawal charges: 3% of transaction amount with min. `30/- per thousand or part thereof Copy of charge slip: `100/- for domestic, USD 10 for international or actual costs which ever is higher Request for Original Charge slip: USD2 if processed by our Bank and USD 6 if processed by other Bank. Notice/Reminder charges : `50/- per notice

Delayed payment beyond due date: 2% min. `10/- max `150/- for cards with revolving facility. Cards without revolving facility:2% min. `20/- max. `300/Return of FTV by branches: `100/- for first time and `300/- for each subsequent return Reminder for repayment of overdues over SMS : `5/- per SMS Foreign Currency transaction load (mark up) upto 3% Duplicate card issue: Free // Hotlisting fee: `300/-

Canara Corporate Card (Domestic)


Main Card is a dummy card - Depending on the requirement of each firm add-on cards are issued upto 99. Card limit Minimum of `50,000/- and Maximum of `25 lakhs. Corporate card cash withdrawal limit upto 50% of card limit subject to maximum of `5 lakhs per add on card cash withdrawal limit `25000/- per calendar month.

Canara Visa International (Gold) Card


Valid for one year Minimum limit - USD 3000 - for Gross annual income of `2 lakhs 4 lakhs Maximum - USD 15000 for Gross annual income of `10 lakhs & above Card Dues Payment through CBS(321/2011) Card payments enabled in CBS under fast path 8335. Reintroduction of Mandatory Debit of FTV System For Recovery Of Canara Card Dues (Cir no.314/2009) Branches to debit SB accounts even by allowing TOD If TOD allowed, inform Cancard section on the same day for blocking(Now both debiting & blocking of Card is done at Card Division only) No overdrawings to be permitted in NRE accounts for Canara Card FTV debits. TOD in NRE account while honouring FTVs (Cir no.205/08): No TOD to be sanctioned in NRE accounts to honour FTVs of Canara Cards. FTV to be returned to