Canara Bank RuPay Select Secured Credit Card
Canara Bank · Open to apply
A no-fee RuPay Select card against a fixed deposit at Canara Bank: 2 reward points (₹0.50) per ₹100 on purchases, 2 domestic lounge visits a quarter and 2 international lounge visits a year, and a ₹300 inactivity fee in any card year with less than ₹1,00,000 of spend.
- Annual fee
- ₹300 + GST a year
- Joining fee
- None
- Fee waiver
- Annual fee waived on ₹1,00,000 spend per card year
- Base rate
- 2 reward points per ₹100 on POS and e-commerce spends: 2 Canara Rewardz points per ₹100 (about 0.5% at cash value)
- Lounges
- Domestic: 2 visits a calendar quarter; International: 2 visits a calendar year
- Forex markup
- 3%
- Data
- From bank documents, checked 6 Nov 2026
Earns nothing on
- No reward points on fuel
Where the sources disagree
- interest rate: The product page's fee table gives 2.50% a month "for all other credit cards" and, on some secured pages, 2.5% "for unsecured credit cards"; the MITC, service charges page and Variants & Features comparison charge secured cards 2% a month. We use 2%.
- credit limit against the deposit: The product page says the limit is up to 75% of the deposit's principal and, in another block, up to 100%; the Credit Card Policy says 75%.
- baggage insurance: The Variants & Features comparison of 10 Feb 2026 gives baggage insurance and purchase protection up to ₹50,000; the MITC of May 2026 and the product page give ₹25,000 each. We use ₹25,000.
Terms the calculator does not value
- Canara Rewardz partner merchants (jewellers such as GRT and Kalyan) offer extra points, for example 2 extra points per ₹100; the list and rates change on the portal.
- Seasonal and network merchant offers (canarabank.bank.in Exclusive Credit Card Offers, network offer pages) are not modelled.
- The product page lists RuPay Select features provided by NPCI: 5% cashback on utility bill payments and 5% on eating places and restaurants, each capped at ₹50 a month, plus a welcome offer (₹500 Croma voucher, an Apollo Pharmacy coupon, ₹100 off two Snapdeal transactions). The page says these "may vary from time to time" and gives no dates, so they are not entered as earn rules or welcome items.
- The issuer's reward programme does not say whether RuPay credit card spends on UPI earn points; the base rate is applied to them.
Sources
- Canara Bank, RuPay Select Secured Credit Card (Product page, the bank's own, read 6 Nov 2026)
- Canara Bank Credit Card, Variants & Features Comparison (PDF of 10 Feb 2026) (Product page, the bank's own, read 6 Nov 2026)
- Most Important Terms and Conditions (MITC) for Canara Credit Card (PDF of 26 May 2026) (Most important terms (MITC), the bank's own, read 6 Nov 2026)
- Canara Bank, Service Charges related to Credit Card (Schedule of charges, the bank's own, read 6 Nov 2026)
- Canara Bank Credit Card Policy 2023-24 (Most important terms (MITC), the bank's own, read 6 Nov 2026)
- Canara Rewardz, credit card programme (Reward terms, the bank's own, read 6 Nov 2026)