Canara RuPay Select Credit Card Review
Author And Publisher: Gyro 3.oCanara RuPay Select Credit Card
Financial Expert Advice
Choose Your First (or Next) Credit Card Wisely
"Limit yourself to holding two credit cards A/C—one for daily expenses and auto-debits, and another reserved for emergencies.
Avoid chasing cashback, miles, rewards or Investments, as this can distract from sound financial management;
and lead to unnecessary debt. Focus on stability & discipline."
Canara RuPay Select Credit Card Review
Introduction
The Canara RuPay Select Credit Card offers a premium experience for everyday shoppers and frequent travelers who value zero annual fees and tangible benefits. Backed by the RuPay network, this card features rewards for every swipe, robust insurance coverages, lounge access at airports, and a suite of concierge services—all with no joining or renewal charges for active users.
Key Features and Benefits
Welcome Benefit
Milestone Benefit
No milestone bonuses; card aims to provide ongoing value through universal rewards and category-based cashback offers.
Reward Structure
2 Reward Points per ₹100 spent (including e-commerce and PoS transactions)
Value per Reward Point: ₹0.25
Points redeemable for goods, services, or statement cashback
Redemption minimum: 1,000 points for cashback, 100 for merchandise/services
Points valid for 3 years
Cashback Offers:
5% cashback on utility bill payments (online or PoS), capped at ₹50/month
5% cashback on restaurant (dining) spends, capped at ₹50/month
Digital Integration
UPI-enabled for seamless digital payments
Easy EMI conversion through Canara ai1 mobile app
Mobile and internet banking integration for account management
Concierge Services
- 24X7 Assistance - Referral and Reservation Services - Hotel, Dining, Car Rental, International Travel
Lounge Access
Domestic: 2 complimentary visits per quarter (8/year) at select lounges
International: 2 complimentary visits per year
Insurance & Protection Benefits
Air Accident Cover: ₹8 lakh for self, ₹4 lakh for spouse
Other Accidental Death: ₹4 lakh for self, ₹2 lakh for spouse
- RuPay Insurance Program: ₹10.00 lacs cover for Death due to Personal Accident and Permanent Disability.
Baggage Insurance: Up to ₹25,000 per claim
Purchase Protection: Up to ₹25,000 per claim for losses within 60 days of purchase (domestic/international theft, fire, accident)
Zero Liability: Not liable for unauthorised transactions above ₹1,000 post reporting loss.
Surcharge Waivers
Fuel: 1% surcharge waiver on fuel spends; cap and conditions as per bank T&Cs
Railway: Surcharge waiver available for IRCTC/counter bookings (capped annually)
Fees and Charges
| Type | Details |
|---|---|
| Joining Fee | Nil |
| Annual Fee | Nil (lifetime free) |
| Inactivity Fee | ₹300/year if annual spend < ₹10,000 |
| EMI Processing fee | 2% of amount, min ₹100, max ₹200. |
| Interest Rate | 2.5% per month (30% annual) |
Rate of interest on EMI | 13% p.a. for 3/6/9 months, 14% p.a. for 12/18/24 months. |
| Forex Markup | 3% |
| Cash Advance Fee | 3% of the amount, minimum ₹30 per ₹1000 (or part). |
| Card Replacement | ₹300 |
Struggling to keep up with mounting credit card bills?
Card Essential
| Type | Reward Points |
| Welcome Benefits | n/a |
| Annual Fee | nill |
| Reward Structure | Rewards On SPENDS |
| Renewal Benefit | n/a |
Rewards and Benefits Analysis
With lifetime free status, simple reward rates, and strong insurance covers, this card is ideal for moderate spenders—especially those who pay utility bills and dine out regularly. The 5% capped cashback caters to everyday needs, while comprehensive air and accident insurance suits frequent travelers. Lounge access is generous for a zero-fee card.
Practical Considerations
Best for:
Salaried/self-employed users seeking zero fee with meaningful rewards
Families who want travel/lifestyle insurance without premium pricing
First-time credit card holders and moderate online spenders
Redemption Options
Ideal User Profile
Users with active monthly spends (utilities, dining, shopping)
Cardholders who travel domestically/internationally and want airport comforts
Anyone preferring a clear, zero-fee rewards program with no hidden costs
Final Thoughts
The Canara RuPay Select Credit Card balances everyday savings, easy rewards, premium insurance benefits, and travel comforts—all for free, so long as you’re an active user. The capped category cashback is best for practical, regular expenses. If your needs are more premium (like uncapped rewards or luxury travel), compare with other Signature/Select cards, but for most, this is a winner in the value-for-money league.
Additional Tips for Applicants
Pay annual utilities and restaurant bills with the card to get maximum cashback.
Track annual spends—avoid inactivity fee by crossing ₹10,000 every year.
Use lounge visits before cycle reset (quarterly for domestic, annually for international).
Claim insurance benefits promptly—keep supporting receipts and tickets safe.
Use Canara rewards portal for redemption, and check points expiry on account.
This review offers a clear and balanced overview of the Canara RuPay Select Credit Card’s strengths and limitations, helping readers make an informed choice about whether this card fits their
Spending Habits And Financial Goals.
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