Canara Visa Classic Card Review

Canara Visa Classic Card is an entry-level card. The card is an ordinary card offering the most basic features and benefits to its users. The card has nothing new to offer and is primarily designed for people who wish to own a credit card but fall under low income groups. The card can be issued to a person with minimum gross income of Rs.60,000 p.a.

The card as stated offers few basic benefits like cash withdrawal facility, free credit period, Revolving payment system, etc. The card also offers Reward points program allowing its users to earn one bonus point for every purchase transaction of Rs.100. Value of one bonus point is Re.0.50 which means you get lesser value for higher amount. Usually one point is equal to Re.1 with other cards. This implies that with Canara Visa Classic Card you earn Re.1 for every Rs 200 spent.

The card offers free accident Insurance to you and your spouse. Though this feature is offered by most credit cards but for an entry-level card like Canara Bank Visa Classic Card to provide cover to your spouse along with primary card holder is indeed impressive. The bank also provides for free card replacement in case of mutilation / loss of card.

Canara Visa Classic Card has no Joining and Annual fees which is apt for an entry-level card like this. The card when compared to other similar cards like Union Bank of India Classic Card is very much at par apart from the interest rate offering of 2.5% which is on the higher side.