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Canara Bank ShopRite credit card

Canara Bank

Canara Bank ShopRite Credit Card

Entry-level Mastercard with shopping cashback and EMI benefits

₹500/yr annual fee · 2x rewards

Mastercard

By FinWiz24 Research Desk · Last reviewed · How we review

FinWiz24 Research Desk

FinWiz24 Research Desk

Verified independently against issuer Terms & Conditions

Editorial Team

Reviewed 26 September 2026

  • Best for

    • First-time cardholder
    • Entry-level Mastercard user
    • Shopping spender

  • What we like

    • 5% cashback on shopping and grocery spend
    • Low ₹50,000 waiver threshold
    • EMI conversion option

  • Watch out for

    • ₹500 non-waiver joining fee
    • Cashback capped at ₹500/month
    • Standard 3.5% forex markup

Annual fee

₹500/yr

Reward rate

2x

Min. income

₹2,50,000

Forex markup

3.5%

Lounge access

None

Eligibility

₹2.50 lakh/yr · CIBIL 700+

Reward cap

Cashback capped at ₹500/month on shopping

Welcome benefit

₹500 voucher on annual spends ≥ ₹50,000; ₹1,500 voucher on ≥ ₹1,50,000.

Canara Bank ShopRite Credit Card review: entry-level Mastercard with shopping cashback on retail and grocery spend, EMI conversion benefits, fuel surcharge waiver, and milestone vouchers for first-time Canara Bank cardholders.

Who is this for

  • First-time cardholder
  • Entry-level Mastercard user
  • Shopping spender

What we like

  • 5% cashback on shopping and grocery spend
  • Low ₹50,000 waiver threshold
  • EMI conversion option

Watch out for

  • ₹500 non-waiver joining fee
  • Cashback capped at ₹500/month
  • Standard 3.5% forex markup

Issuer

Bank

Canara Bank

Public sector bank

All Canara Bank cards →

Headquarters

Bengaluru, Karnataka

Established 1906

Toll-free

1800-103-2224

Website

www.canarabank.com

Network

Mastercard

See all cards on this network

Canara Bank is an RBI-regulated entity. See RBI's Master Directions on Credit Cards for the regulatory framework.

Fees and charges

Fee Amount Waiver
Joining fee ₹500 Not waivable
Annual fee ₹500 Waived on annual spends ≥ ₹50,000
Renewal fee ₹500 Waived on annual spends ≥ ₹50,000
Forex markup 3.5% Not waivable
Late payment ₹750 Not waivable
Cash advance 2.5% of amount Not waivable
Fuel surcharge 1% 1% surcharge waived on fuel transactions between ₹400 and ₹4,000 (max ₹100/month)

Rewards

Spend category Rate Cap Redemption
SHOPPING 5% cashback on shopping and grocery spend; 2% cashback on retail; 1% cashback on utility & insurance Cashback capped at ₹500/month on shopping Auto-credit to statement
All spends 2.00 Not explicitly stated 1.00
DINING 2.00 — 1.00

Benefits

  • 5% Cashback on Shopping Highlight

    5% cashback on shopping and grocery spend (max ₹500/month).

  • EMI Conversion

    Convert purchases above ₹5,000 to EMI at attractive interest rates.

  • Fuel Surcharge Waiver

    1% surcharge waiver on fuel transactions between ₹400 and ₹4,000 (max ₹100/month).

  • Milestone Vouchers

    ₹500 voucher on annual spends ≥ ₹50,000; ₹1,500 voucher on ≥ ₹1,50,000.

Eligibility

Age
21–65 years
Min. income
₹2,50,000
Min. credit score
700+
Score note
Decent credit card required
Employment
Salaried, self-employed
Documents
PAN, Aadhaar (DigiLocker sufficient), salary slip / ITR for self-employed

Canara Bank ShopRite Credit Card is the entry-level Mastercard from Canara Bank. It targets first-time cardholders with cashback on shopping and grocery spend, plus EMI conversion benefits.

Fees and rewards

  • Joining fee: ₹500 (non-waiver)
  • Annual fee: ₹500, waived on annual spends ≥ ₹50,000
  • Rewards: 5% cashback on shopping; 2% on retail; 1% on utility & insurance
  • Forex markup: 3.50%

Cashback benefits

  • 5% cashback on shopping and grocery spend (max ₹500/month)
  • EMI conversion on purchases above ₹5,000
  • ₹500 milestone voucher on ₹50,000 spend; ₹1,500 on ₹1.5 lakh
  • 1% fuel surcharge waiver (max ₹100/month)

Eligibility

Minimum annual income ₹2,50,000 (salaried) / ITR-based for self-employed. Decent credit score required.

Card data is compiled from the issuer’s published fee schedules. Last reviewed 2026-09-26.

Step-by-step application guide: Read the Canara Bank ShopRite Credit Card apply walkthrough →

Apply for Canara Bank ShopRite Credit Card

Last reviewed · How we review

FinWiz24 may earn a commission from issuer links. Our editorial process is independent and unbiased.

Check your eligibility → Compare this card →

Cards with similar benefits, rewards, or eligibility requirements.

Frequently asked questions

Is the Canara Bank ShopRite Credit Card worth it?
Canara Bank ShopRite Credit Card is a credit card issued by Canara Bank. Whether it is worth it depends on your monthly spend pattern and whether the annual fee (if any) is waivable. Compare the fee and reward rate on this page against your expected annual spend to make an informed decision.

What is the annual fee for the Canara Bank ShopRite Credit Card?
Canara Bank ShopRite Credit Card charges ₹500 as the annual fee. Most issuers waive it on minimum annual spends — check the fee tile on this page for the waiver condition.

How does the Canara Bank ShopRite Credit Card reward rate work?
Canara Bank ShopRite Credit Card earns 2x base reward rate on all spends. Each card's rewards tile on this page shows the category-wise multipliers and any monthly or yearly caps.

What are the eligibility requirements for the Canara Bank ShopRite Credit Card?
To qualify for Canara Bank ShopRite Credit Card, you typically need: minimum annual income ₹2,50,000; CIBIL score of 700+; Salaried / self-employed only. The eligibility tile on this page has the full published criteria.

Does the Canara Bank ShopRite Credit Card offer airport lounge access?
Canara Bank ShopRite Credit Card does not publish complimentary airport lounge access as a benefit.

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Disclaimer: Card details are based on publicly available issuer schedule of charges. Eligibility and approval are at the issuer’s sole discretion. FinWiz24 does not guarantee card approval or specific terms. Always read the issuer’s terms and conditions before applying.

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