Canara bank credit card interest rate is low and offer revolving credit feature There are several banks and nonbanking institutions in the market that provide credit cards to you, but finding a suitable credit lender is difficult. Don’t worry because Canara Bank provides a wide range of credit cards for you with distinct features and reward benefits. Canara Bank credit card interest rate is reasonable and provides you a revolving credit feature for compatible card bill payments. To know in detail about the Canara Bank credit cards, read the given article. What is the revolving credit feature and is this provide any benefit to your bill cycle? Canara Bank offers a revolving credit facility to the card holders. This facility provides you an option to pay the bill as per your convenience. The minimum due amount is calculated as 5% of the total bill amount. You can pay the minimum due amount of the bill at the time of purchase and the remaining amount can be carried forward along with the Canara bank credit card interest rate. The benefit of the revolving credit facility is that you can purchase any product using the credit and pay for it for the next month. If you pay the bill within the grace period then there would be no interest rate charged on your credit card otherwise you have to pay the applicable Canara bank credit card interest rate. The bank charges a revolving credit card interest rate from the user which is 2.5% per month. How to pay the Canara bank credit card dues and how to know about it? The bank will send a billing statement on your home address in which all the information of your credit card usage will be mentioned. You can also receive the card payment alert before the due date on your registered mobile number or email address via message or mail. The amount will be automatically deducted from your account. If you don't have a sufficient amount in your account then the account will be overdrawn. You can pay your bills within 15 days so that you don’t have to pay Canara bank credit card interest rate on your due amount because overdrawn amount attracts interest rate. You can’t make any transaction from your Canara Bank credit card until you pay the overdrawn amount or clear the card dues. Canara bank credit card interest rate charged on your due amount is 5% of the bill amount that is subjected to minimum INR 100. How to apply for the Canara bank credit cards? You can get the Canara Bank credit card whether you are an existing bank customer or not. Visit your nearby Canara Bank branch and apply for the credit card you desire like a travel card, shopping card, etc. After that fill the card application form and submit the KYC details, PAN
details, income proof and address proof. You can also apply for the credit card easily by using the Canara Bank online banking services, existing account holders of Canara Bank can log in to their account or also can use the Mobile Banking to apply for the credit card. So, choose the right credit card with Canara Bank and make your daily purchase using the Canara bank credit card.