What are the main benefits of the Mastercard Gold Secured Credit Card?

The Mastercard Gold Secured Credit Card offers an interest-free credit period up to 50 days, no annual or joining fees, and reward points on spends.

Does the Mastercard Gold Secured Credit Card have any annual fees?

No, the Mastercard Gold Secured Credit Card has no annual, joining, or enrolment fees, making it very economical.

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

You earn 2 reward points for every ₹100/- spent on PoS and e-commerce transactions using your Mastercard Gold Secured Credit Card.

What insurance benefits are included with the Mastercard Gold Secured Credit Card?

The Mastercard Gold Secured Credit Card provides Fraudulent Charge Cover, Baggage Insurance, Purchase Protection, and Accident Covers.

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

Yes, you can easily convert your transactions into EMIs through the Canara ai1 app with your Mastercard Gold Secured Credit Card.

What is the foreign currency markup on the Mastercard Gold Secured Credit Card?

The Mastercard Gold Secured Credit Card applies a 3% markup on all foreign currency transactions.

Is there a fee if I don't use my Mastercard Gold Secured Credit Card often?

Yes, an inactivity fee of ₹150/- is charged if the annual turnover on your Mastercard Gold Secured Credit Card is less than ₹25,000/-.

How can I redeem my reward points earned with the Mastercard Gold Secured Credit Card?

Reward points from your Mastercard Gold Secured Credit Card can be redeemed as cashback or for goods via www.canararewardz.com.

What is the interest rate on revolved amounts for this credit card?

The interest rate on revolved amounts for the Mastercard Gold Secured Credit Card is 2.50% per month, equating to an Annualized Percentage Rate of 30%.

What is the cash withdrawal limit for the Mastercard Gold Secured Credit Card?

The cash withdrawal limit for the Mastercard Gold Secured Credit Card is 50% of your credit limit or ₹50,000/-, whichever is lower.

Canara Bank

Canara Bank Mastercard Gold Secured Credit Card

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Last updated: 16 November 2025

Benefits & Features

Explore key benefits designed to maximize your lifestyle

Welcome Offer

Not Applicable

Rewards Rate

Earn 2 points for every ₹100/- spent on PoS / E-Commerce transactions.

Reward Type

Reward Points

Reward Redemption

Reward points can be redeemed as cashback or for 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 Insurance, Purchase Protection, Air Accident, and Non-Air Accident Cover.

Movie

Not Applicable

Dining

Not Applicable

Travel Benefits

Not Applicable

What matters, explained clearly

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Frequently Asked Questions

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