If you want to earn rewards and cashbacks every time you make a transaction, you can consider applying for a credit card. Canara Bank offers credit cards which are designed to provide you exclusive offers on travel, entertainment, dining and any much more. However, in order to get the best deal, you must understand the eligibility criteria as well as the documents required to apply for the credit card.
Eligibility criteria for Canara Bank credit card
- Your age must be between 21 and 60 years.
- You are required to earn a minimum annual gross income of ₹1 lakh.
- A Permanent Account Number (PAN) is required.
- You must have a good credit score in order to be eligible.
- Having a Canara Bank account is preferred.
- A mobile number is required for SMS alerts.
Note: The eligibility criteria may vary depending on the card variant and your overall credit profile. Hence, for the latest updates visit the bank’s website.
Note:The bank may require additional documents based on the card variant and your overall credit profile.
In conclusion, you must make sure that you do not overuse your credit card as it can lead to you a huge bill which you may not be able to pay on time. This way you may end up in an increased financial burden which may also lead you to a debt trap. You must note that even a single missed payment can decrease your credit score drastically. Hence, use your credit card wisely.
(Note: Using a credit card carries its own set of risks)
