What are the main fees for the Mastercard Gold Credit Card?

The Mastercard Gold Credit Card has zero joining, annual, and enrolment fees. However, an inactivity fee of ₹150 applies if annual spending is below ₹25,000.

How do I earn reward points with my Mastercard Gold Credit Card?

You earn 2 Reward Points for every ₹100 spent on PoS (Point of Sale) and E-Commerce transactions with your Mastercard Gold Credit Card.

What insurance benefits does the Mastercard Gold Credit Card offer?

The Mastercard Gold Credit Card provides extensive insurance benefits including fraudulent charge cover, baggage insurance, purchase protection, and accident cover for self and spouse.

Can I convert purchases to EMIs on the Mastercard Gold Credit Card?

Yes, the Mastercard Gold Credit Card allows easy EMI conversion through the Canara ai1 app, with competitive interest rates for various tenures.

What is the interest-free period offered by the Mastercard Gold Credit Card?

The Mastercard Gold Credit Card offers an interest-free credit period of up to 50 days, depending on your payment cycle.

Are there any charges for international transactions with the Mastercard Gold Credit Card?

Yes, the Mastercard Gold Credit Card has a foreign currency markup fee of up to 3% of the transaction amount, which is stated as lowest among peer banks.

What are the cash withdrawal charges for the Mastercard Gold Credit Card?

For the Mastercard Gold Credit Card, cash withdrawals at Canara Bank ATMs incur a charge of 3% of the transaction amount, with a minimum of ₹30 for every ₹1000.

Is there a fuel surcharge waiver available on the Mastercard Gold Credit Card?

Yes, a 1% fuel surcharge waiver is available on the Mastercard Gold Credit Card, capped at ₹100 per month, subject to specific conditions like minimum monthly spend and transaction size.

How can I redeem reward points earned on my Mastercard Gold Credit Card?

Reward points earned on your Mastercard Gold Credit Card can be redeemed for cashback or goods purchase through the dedicated portal, www.canararewardz.com.

What happens if I don't meet the expected minimum annual turnover on my Mastercard Gold Credit Card?

If the annual turnover on your Mastercard Gold Credit Card is less than ₹25,000, an inactivity fee of ₹150 will be applicable.

Canara Bank

Canara Bank Mastercard Gold Credit Card

ShoppingUtilities

Last updated: 16 November 2025

Benefits & Features

Explore key benefits designed to maximize your lifestyle

Welcome Offer

Zero Annual, Joining and Enrolment Fee.

Rewards Rate

2 Points per every ₹100/- spent on PoS/E-Commerce transactions.

Reward Type

Reward Points

Reward Redemption

Reward Points can be redeemed for Cashback or Goods Purchase through www.canararewardz.com.

Domestic Lounge Access

Not Applicable

International Lounge Access

Not Applicable

Premium Benefits

Not Applicable

Insurance Coverage

Fraudulent Charge Cover, Baggage, Purchase Protection, and Accident Cover (Air/Other) for self and spouse.

Movie

Not Applicable

Dining

Not Applicable

Travel Benefits

Domestic & International Acceptance.

What matters, explained clearly

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Frequently Asked Questions

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