Canara Corporate Card Review

Canara Corporate Cards are issued to cater to the needs of corporate clientele. The cards are for non-individuals such as – public and private companies of good standing, solicitors, tax consultants, public sector undertakings. The features and benefits of these cards differ from other shopping or travelling cards designed for individual usage. However, one has an advantage of add on cards issued to persons authorized by company/firm. At present separate cards are issued to corporate clients for domestic and international use.

The card when compared to other corporate offerings like Axis Bank Corporate Credit Card is at par. Only the add-on cards of Canara Corporate Cards can be compared to Axis Bank’s Corporate Credit Card.

Keeping in mind the corporate capital requirements the Card also offers a higher limit subject to minimum of Rs.50,000 and Maximum of Rs.25 lakhs. Though this looks impressive, achieving a higher credit limit is not an easy task.

The card offers features with respect to corporate requirements and cash withdrawal facility is one of them. Maximum withdrawal limit per Add On card is Rs. 25000 monthly. As for the bill generation it will be raised on the Company, which in turn will settle the bill on or before the payment due date.

Canara Corporate Card has a Joining fee of Rs 281 but no Annual fee. It has an interest rate offering of 2.5% p.m. which is competitive in comparison to cards like Axis Bank Corporate Credit Card.