Canara bank is one of the largest and oldest public sector banks owned by the government of india. It’s headquarters at Bengaluru and established in 1906. In June 2006, the bank completed a century of operation in the Indian Banking Industry. Today, Canara Bank occupies a premier position in the committee of Indian Banks.
The Canara Bank Corporate Credit Card is issued to cater to the needs of corporate clients. Corporates need to travel far and wide for business purposes. Hence, the ease of carrying out transactions all across the world is imperative. The Canara Bank Corporate Credit Card in association with VISA helps every corporate achieve just that. Interest free credit period ranges from minimum of 20 days to a maximum of 50 days. But service charges, fees, etc. will be charged in case of cash withdrawal, Railway ticket booking, purchase of fuel, etc.
2. Cash withdrawal limit for Add-On cards is Rs.25,000 per calendar month.
3. Fixed date of billing (20th) and uniform payment due date to ensure uniformity in billing.
4. An overall credit limit will be assigned at company level to be shared among the Add-on card holders (employees) of the organization.
5. Credit limit assigned will be done in multiples of Rs.5,000, up to a maximum of Rs.1 crore.
6. ThIs card is available for both domestic and international use.
7. The maximum interest free credit period that can be availed by a credit cardholder is 50 days
8. This credit card is offered to customers in association with VISA and is accepted around the world.
|
Reward type |
Travel and Fuel |
|
Interest Free Period |
The maximum interest free credit period that can be availed by a credit cardholder is 50 days |
|
Revolving Credit |
5% of the billed amount or Rs. 100, whichever is the highest, is the minimum due payment each month. |
|
Cash Advance |
The credit cardholder can withdraw cash from this credit card, with a maximum limit of 50% of the credit limit on the card or Rs. 5 lakh, whichever is the highest. The Add-on Cardholders can withdraw cash worth not more than Rs. 25000 each month. |
|
Rewards points |
For each Rs.100 transaction made on the Canara Corporate Visa Credit Card, customers can earn two reward points. One reward point has a cash value equal to Rs 0.25. |
To apply for a corporate card, you have to pay fees and charges applied by Canara Bank. It covers all charges and fees made by a bank to their customers.The following charges are taken from Canara Bank i.e joining fee, annual fee, interest rate, late payments charges etc.
|
TYPE |
CHARGES |
|
Joining Fee for Primary Card |
Rs. 250 |
|
Annual Fee for Add-on Card |
Rs. 400 |
|
Card Inactivity Fee |
Nil |
|
Free Credit Period |
Max. 50 days |
|
Interest on Credit |
2.5% per month or 30% per annum |
|
Minimum amount due |
5% of the billed amount subject to a minimum of Rs. 100 |
|
Mark up in case of Transaction in foreign currency |
Max. 3% |
|
Duplicate Statement |
Rs. 10 for each page |
|
Cheque dishonor charges or unsuccessful payment instructions |
Rs. 50 |
|
Cash Advance Limit |
50% of the credit Limit with a maximum overall Limit of Rs 5.00 lac. |
|
Cash Advance Limit on Add-on card |
Maximum cash limit for individual Add on card is Rs. 25,000 |
|
Transaction fee for cash withdrawal against Credit account at Canara Bank ATMs and branches |
3% of the transaction amount subject to a minimum of Rs. 30/- for every Rs. 1000 or part thereof. |
Before applying for a corporate card from Canara Bank, you should fulfil all basic eligibility criteria as prescribed by the bank. You will get your credit card very soon if you meet all the required eligibility criteria once the documentation is done.
1. Companies which are customers of Canara Bank and have credit limits along with S1 and S2 status.
2. Companies having no credit limit should have at least 12 months of transaction history with the bank.
3. These Corporate Visa Credit Cards are issued to all member affiliate banks as well.
Any applicant who is applying for a corporate credit card from Canara Bank must have to submit the following documents. These documents are the requirements for the lenders who are providing you the credit card.
1. KYC Documents = PAN, address proof and ID proof
2. Coloured photograph
3. Income Proof = Last 3 month salary slip
4. Last 3 months bank statement
5. ITR or Form 16
Canara Bank Credit Card Login
Cardholders of Canara Bank Credit Card can log in to their credit card account through following steps :
1. Visit the official website of Canara Bank.
2. Click on the option of ‘Login’.
3. Enter your username, password and captcha code
4. Click on ‘confirm’.
Canara Bank Corporate Credit Card Customer Care
Contact number : 18004250018
Email id : hocancard@canarabank.com
There are two reason to apply for Canara Bank Corporate Credit Card :
1. Offline Method : By visiting the nearest branch of Canara Bank
2. Online Method :
An existing customer of the bank can visit the bank’s net banking web site
Login to the net banking account using the user id and password
You can directly apply online seeking a corporate credit card
Fill in the Corporate Credit Card Application Form online
On receiving the request from the customers, the bank executives will give a call to the customer and will ask them to submit the required documents
Upon the receipt of the required documents and the scrutiny of the same, the bank may or may not issue a credit card to the customer.
Credit cards have become a very useful tool for people to complete their daily transactions like paying utility bills, paying mobile bills, buying groceries etc. Gone are the days when credit cards were only used for buying airline tickets or similar large transactions.
1. Log in to your net banking account.
2. Click on credit card bill payment.
3. The net banking portal allows you to pay the Total Payment Due, Minimum Amount Due, Current Total Outstanding, etc.
4. Choose your payment option and enter your payment details.
5. Once done, the amount will be paid towards your credit card.
Bank offered Finacial Products
The Canara Bank Corporate Credit Card is issued to cater to the needs of corporate clients. Corporates need to travel far and wide for business purposes. Hence, the ease of carrying out transactions all across the world is imperative.
The joining fee is 250 of the Canara Bank Corporate Credit Card.
The rewards points given in the Canara Bank Corporate Credit Card is :
For each Rs.100 transaction made on the Canara Corporate Visa Credit Card, customers can earn two reward points.
One reward point has a cash value equal to Rs 0.25.
The interest rate is 2.50% per month provided by Canara Bank Corporate Credit cards.
Travel and Fuel rewards are included in the Canara Bank Corporate Credit Card.
You can apply for a Canara Bank Corporate Credit Card through online and offline by visiting the nearest bank branch.
You can contact through customer care toll free number and also through e-mail id for a Canara Bank Corporate Credit Card.
The annual fee is 400 of the Canara Bank Corporate Credit Card.
Last Updated on : 06/Oct/2020Know More About CREDIT CARDS
You're eligible for a Canara Bank Corporate Credit Card if you:
Are legally adult enough to handle it
Have still got it
Get a regular pay check
Make more than a basic buck
Your eligibility depends on:
Earn more than minimum income required
Maximum allowed Credit Cards is Rs. 10K to Rs. 45 lakhs
EMIs of other loans loweryour eligibility
Boost your eligibility by:
Pay off your credit card bills
Choose longer tenure loan up to 5 years
Nothing gets done without that paperwork (which we'll happily carry over to the bank for you, no sweat). Here's what you'll need:
- 1. Photo ID and age proof
- 2. Signed application form with photograph
- 3. Residence proof
- 4. Last 6 months bank statement
- 5. Documentation for salaried applicants:
- Last 3 months salary - slips
- Form 16 or Income Tax Returns
- 6. Documentation for self-employed applicants:
- Last 3 years Income Tax Returns with computation of Income
- Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account