Mastercard Gold Credit Card
A Mastercard credit card with no joining or annual fee (a ₹150 inactivity fee applies if yearly spend is under ₹25,000): 2 reward points per ₹100 worth ₹0.25 each (0.5%), and a 3% forex mark-up. Every figure below is copied from Canara Bank’s own documents; open a figure’s source link to read it there. Official terms last checked 2026-10-21.
Fees and charges
| Joining fee | Nil Product page |
|---|---|
| Annual fee | Nil Product page |
| Annual fee waiver | Not needed |
| GST on fees | 18% |
| Foreign-currency markup | 3% of the transaction, plus GST Product page |
| No annual fee, but a card inactivity fee of ₹150 (plus GST) is charged at the end of a card year in which spend on the card is below ₹25,000. | |
Rewards
Reward points, ₹0.25 each when redeemed as stated MITC.
| Spend | Earns | Cap |
|---|---|---|
| All purchases in store and online | 2 points per ₹100 Product page | up to 10,000 points a statement cycle MITC |
Points are redeemed on the Canara Rewardz portal or the Canara ai1 app: as cashback to the card (minimum 1,000 points, in multiples of 100) or for goods.
Points accrue per full ₹100 (fractions are ignored), are capped at 10,000 a billing cycle and are valid for 3 years.
No rewards on
- Fuel (and cash withdrawals) MITC
Benefits
- Lounges: none on record
- Fuel: 1% fuel surcharge refunded on fills of ₹400 or more, up to ₹100 a billing month, if the card has ₹2,500 of other purchases that month Product page
Also on this card
Quoted from Canara Bank; not counted in the net value.
- Air-accident death cover of ₹8 lakh for you and ₹4 lakh for your spouse Product page
- Baggage insurance of up to ₹25,000 Product page
- Purchase protection cover of up to ₹25,000 Product page
Eligibility
- Age 18 or above at issue Terms
- Age 75 or below at issue Terms
- Independent gross income of ₹3 lakh a year or more Product page
The issuer publishes only part of its criteria; approval rests on its own assessment.
Not published by Canara Bank in the documents read
- a welcome benefit
Where Canara Bank’s documents differ, and what is used
- Forex mark-up: the features table gives 3%; the fee table on the same page and the MITC say "up to 3%". CardWise uses 3%.
- Inactivity fee threshold: the features table says the ₹150 fee applies if a turnover of ₹12,000 is not met, while the expected minimum turnover and the fee table say ₹25,000; CardWise uses ₹25,000.
The quotes behind the figures
30 figures, each copied from an official Canara Bank document.
Show every quote and source
“Annual/ Joining/ Enrolment Fee Nil”
“All the above listed charges excluding GST and 18% GST will be charged extra”
“Markup Fee 3% on Forex Transactions (Lowest among Peer Banks)”
“Value of each reward point is Rs. 0.25.”
“Reward Points 2 Points per every ₹100/- spent on POS/ E-Commerce”
“Two reward points will be earned on every Rs. 100 spent on credit cards (not applicable on fuel transactions and cash withdrawals).”
“Reward points earned (by Retail/ Corporate Credit Cards) will be capped at 10,000 per billing cycle.”
“Apply now for Pre-approved/ Secured Credit Card”
“I/We wish to apply for CANARA CREDIT CARD: Principal Add-On Both”
“Enrolment fee will be collected in advance at the beginning of card year as a one-time measure.”
“Service tax (presently 18% GST) will be levied on all fees, and other charges.”
“Mark up in case of Transaction in foreign currency Upto 3% of transaction Amount”
“Card Inactivity Fee Applicable only if the card turnover during the card year is less than Rs. 25,000/- ₹150/-”
“Inactivity Fee (If annual Turnover of Rs.12,000/- is not met) ₹ 150/-”
“They can also opt for cashback with minimum of 1000 points in multiples of 100, which will be credited to Credit card in the subsequent month statement.”
“2 Points per every 100/- spent on POS/ E-Commerce. (Fraction of 100.00 will be excluded)”
“Validity of reward points is 3 years from the date of accrual.”
“Additional processing fee for redemption of points are applicable for recharge, purchase of merchandise etc.”
“Minimum purchase of petrol & petroleum products per occasion(ticket size) for reckoning under this scheme is Rs.400/-”
“Card should have been used for a minimum amount of Rs. 2500/- for purchase transactions during the billing month”
“Independent income with a minimum of Rs.2 lakh gross per annum for Classic / Standard Cards & Rs. 3 Lakh per annum for Gold/Platinum Card.”
“Satisfactory Credit Information Report from agencies like CIBIL and other Credit Information Agency approved by RBI.”
“1% of transaction value with minimum fee of Rs. 10+ applicable taxes. Maximum of Rs 100/- for the billing month would be reimbursed in the upcoming billing month in the following cases”
“Accident Cover (Air Accident) ₹ 8.00 lakhs for self ₹ 4.00 lakhs for spouse”
“Baggage Insurance Upto ₹25,000”
“Purchase Protection Cover Upto ₹25,000”
“Customer should be literate and age limit is 18 to 75 years at the time of issuance.”
“Independent income with a minimum of ₹. 3 Lakh gross per annum for individuals.”
“Credit Card Application (English)”
“Parameters Mastercard Gold Credit Card”
Terms change, sometimes without notice. Read the issuer’s current terms before applying. CardWise has no affiliate arrangement with Canara Bank or any issuer. Issuer names and logos belong to their owners and are shown only to identify each card’s issuer; CardWise is not affiliated with any issuer. The logo is Canara Bank’s own file from its website, unaltered, fetched 2026-10-21. Methodology