Canara bank secured credit card

[samaresh18]

I just saw a post of canara bank official Instagram channel to get secured credit card online.
I dont have a canara bank account.
Can anyone try this step and describe all the requirements to get this card.

 

[Anupama_Jha]

Open canara bank savings account.

Make a fd of atleast 34k.

Lien that fd in leu for 25k credit limit.

Steps are already mentioned in video itself

 

[samaresh18]

Open canara bank savings account.

Make a fd of atleast 34k.

Lien that fd in leu for 25k credit limit.

Steps are already mentioned in video itself

I want to know if I make an account today and create fd,then can I apply for the card from next day or I have to wait some time?

 

[Anupama_Jha]

I want to know if I make an account today and create fd,then can I apply for the card from next day or I have to wait some time?

As per video instructions, you can.

But after opening account, you have to wait till debit card delivery to log in canara a1 app or aceess net banking.

 

[some1anywhere]

Anyone know, for secured Canara credit card, how much credit limit do they give of the FD amount? 80%? 85%? 90%?

 

[VasukiVasuki is verified member.]

Anyone know, for secured Canara credit card, how much credit limit do they give of the FD amount? 80%? 85%? 90%?

34k giving 25 is
75%

 

[jack333]

I was declined unsecured credit card despite opening account due to overleveraged. Can I get preapproved unsecured in some time if I do an fd. This trick worked for federal

 

[some1anywhere]

34k giving 25 is
75%

Yep correct. Their PDF also mentions 75%: https://canarabank.com/UploadedFiles/Pdf/CREDIT CARD POLICY 2023 24 01042023.pdf 1 guy who recently made 115000 FD got 75K limit (which is 65%). So it's between 65% to 75%. OK got it thanks

 

[Arkapal Sen]

Yep correct. Their PDF also mentions 75%: https://canarabank.com/UploadedFiles/Pdf/CREDIT CARD POLICY 2023 24 01042023.pdf 1 guy who recently made 115000 FD got 75K limit (which is 65%). So it's between 65% to 75%. OK got it thanks

loveday bank..65-75% de raha..shayad jisne banaya..protein powder khata hoga

 

[some1anywhere]

loveday bank..65-75% de raha..shayad jisne banaya..protein powder khata hoga

I got unsecured 50K but For 2L FD secured, online Canara process was showing me 1L credit limit. That's 50%. I decided not to go ahead via online but try via offline/branch route for secured

 

[OptiCard]

I created the Canara credit card last year via app.

It approved with 1.20L limit.

 

[Dhudu]

What benefits this card have?

 

[OptiCard]

What benefits this card have?

I got offers like hotels, movies and Zomato orders in initial months.

 

[Arkapal Sen]

I got unsecured 50K but For 2L FD secured, online Canara process was showing me 1L credit limit. That's 50%. I decided not to go ahead via online but try via offline/branch route for secured

kitna limit % mila in ofl9?

 

[jhaplu]

Anyone know the amount limitation of cc of canara bank ??

 

[zaid_2913]

I created the Canara credit card last year via app.

It approved with 1.20L limit.

What is the procedure, one of my friend created FD today but there is no option to apply secired credit card.

 

[some1anywhere]

kitna limit % mila in ofl9?

Got 1.5L against 2L FD 🙂 Since have Canara RuPay Platinum credit card unsecured with 50K limit, this Visa complements it well so this bank which is discriminating with network-specific offers can't pwn me now

 

[Anupama_Jha]

Got 1.5L against 2L FD 🙂

Ohh, so your Canara issue finally sorted. Any compensation?

 

[Saad]

Just curious, are bank offers, instant discounts etc applicable on FD based cards from canara, BoB, PNB etc?

 

[Saad]

Will we also get interest rate on the FD amount? I understand that it's an FD card and FD does earn interest, but wanted to double check. Does it have any impact if we have over leverage issue in our cc portfolio?
Just asking as I would only use these cards for bank discounts and nothing else, current total limit on my cc's is over leveraged and PSU banks not providing cc's to me.