Canara Bank CC application rejected

[Dexter384]

Little about myself,
Cibil 772, Apau 80k no income proof , Axis Fk 45k no income proof, Onecard FD 4k, HDFC 18k based on Salary account.

After graduation, recently joined a organisation with an 25-30k in hand , HDFC Salary account.

I am having Canara SB account past 4 years, and thought of applying for Rupay CC,

July 4, Applied online just basic info
July 26, went to branch, met with BM, said it has very low chance of approval because I don't hold payroll account with them, persuaded me to make Canara as my salary account. I managed to deny, still he helped to process application and was asked for 3 months payslips, passbook, pan and adhaar copy.
Aug 3, got a call from branch, asking for bank statement of salary account to verify salary credit, submitted the same.
Aug 8, New application number generated with status received application.

Tried multiple times to know the status of the application and only reply was to get in touch with bank.

Aug 28, Today visited branch, was told my application has been rejected, reason was I don't hold salary aka payroll account with them.

Canara Bank Credit Card Policy 2023-24 documents has no such clause to back the rejection reason, any way have mailed them asking for rejection. Will keep you posted

any such or similar experience with Canara Bank.

 

[chenrichy]

Little about myself,
Cibil 772, Apau 80k no income proof , Axis Fk 45k no income proof, Onecard FD 4k, HDFC 18k based on Salary account.

After graduation, recently joined a organisation with an 25-30k in hand , HDFC Salary account.

I am having Canara SB account past 4 years, and thought of applying for Rupay CC,

July 4, Applied online just basic info
July 26, went to branch, met with BM, said it has very low chance of approval because I don't hold payroll account with them, persuaded me to make Canara as my salary account. I managed to deny, still he helped to process application and was asked for 3 months payslips, passbook, pan and adhaar copy.
Aug 3, got a call from branch, asking for bank statement of salary account to verify salary credit, submitted the same.
Aug 8, New application number generated with status received application.

Tried multiple times to know the status of the application and only reply was to get in touch with bank.

Aug 28, Today visited branch, was told my application has been rejected, reason was I don't hold salary aka payroll account with them.

Canara Bank Credit Card Policy 2023-24 documents has no such clause to back the rejection reason, any way have mailed them asking for rejection. Will keep you posted

any such or similar experience with Canara Bank.

If they provide the reject reason via mail then ask for reconsideration stated there is no t&c regarding the same in Canara CC application. Else final call with RBI

 

[Dexter384]

If they provide the reject reason via mail then ask for reconsideration stated there is no t&c regarding the same in Canara CC application. Else final call with RBI

Their phone and email support is trash , whatever problem we have to visit branch. For even petty reason.

 

[LordVoldemort]

You should push through cpgrs and it normally works.. I hold two ltf cards with them.. One is rupay 1.5L and visa 50k..
Their support through CPGRS is like mini ombudsman

 

[Dexter384]

You should push through cpgrs and it normally works.. I hold two ltf cards with them.. One is rupay 1.5L and visa 50k..
Their support through CPGRS is like mini ombudsman

Cpgrs?

 

[Dexter384]

Cpgrs?

Raised the complaint through CPGRS, thanks for that

 

[anonymuos]

Btw Canara bank CC is spend-based, never LTF, and without offers, little reason to justify the spends on it when more rewarding CCs exist. Just my two cents.

 

[LordVoldemort]

Btw Canara bank CC is spend-based, never LTF, and without offers, little reason to justify the spends on it when more rewarding CCs exist. Just my two cents.

Nope, that is an ltf card and you get charged only when you dont use it. Some no usage fee per year..
My visa has lower tens usage, Never charged any fee..

 

[anonymuos]

Nope, that is an ltf card and you get charged only when you dont use it. Some no usage fee per year..
My visa has lower tens usage, Never charged any fee..

Card inactivity fee = spends-based = conditional LTF (if you don't spend at least amount mentioned annually, charges will apply): https://canarabank.com/User_page.aspx?othlink=429#:~:text=NIL-,Card Inactivity Fee,-Canara Card Visa Just like HDFC's very common fake "LTF" which is different from "unconditional LTF".

 

[LordVoldemort]

Card inactivity fee = spends-based = conditional LTF (if you don't spend at least amount mentioned annually, charges will apply): https://canarabank.com/User_page.aspx?othlink=429#:~:text=NIL-,Card Inactivity Fee,-Canara Card Visa Just like HDFC's very common fake "LTF" which is different from "unconditional LTF".

Yeah, Got it. I was also confused on how i was not charged even after my low usage did not meet their criteria.
It all depends on the discretion of SA, In my case - The cards are indeed LTF owing to my relationship. So, Yes canara cards can indeed be ltf.

 

[anonymuos]

Yeah, Got it. I was also confused on how i was not charged even after my low usage did not meet their criteria.
It all depends on the discretion of SA, In my case - The cards are indeed LTF owing to my relationship. So, Yes canara cards can indeed be ltf.

I see! Good to know from your actual hands-on usage of the cards. Then I may also apply. I wonder if they consider FDs in NRV/TRV with the bank. I got a call from them saying I was valuable customer and eligible so I should apply, I'd get it easily. But the card inactivity fee scared me off.

 

[Dexter384]

ATM withdrawal charges are too low, 3% of amount withdrawn and I believe there's no additional convience fee levied on Rent and wallet reloads. So tried applying yet it was rejected and cpgrs had no help

 

[purushotham]

Card inactivity fee = spends-based = conditional LTF (if you don't spend at least amount mentioned annually, charges will apply): https://canarabank.com/User_page.aspx?othlink=429#:~:text=NIL-,Card Inactivity Fee,-Canara Card Visa Just like HDFC's very common fake "LTF" which is different from "unconditional LTF".

Are these cards LTF or inactivity fees is there

 

[ashwink]

Are these cards LTF or inactivity fees is there

Yes

 

[Bhanu Agarwal]

Why canara bank charging inactivity fees though other banks not charging anything for basic cards ?

 

[ravi0101]

Canara bank declined my credit card application...

Reason is CRIF credit score 612

cibil 765 aur Experian score 742

Form 16 bhi diya tha sath mein but CRIF ki wajah se reject kr di application...

suggest me how to improve CRIF score ..

utilisation ratio 28%

 

[Dexter384]

There are better cards bro.
They rejected because I don't have salary account with them 🥲

 

[coolguy1]

What benefits were you looking for with the Canara card?

If you're looking for a Rupay card, HDFC Tata Neu is much better with discounts and cashback.

If you're looking to expand your portfolio and maximise air miles and hotel points, there are even better cards out there in the market.

Skip these slow-moving silly banks and deal with the ones which will make you feel your time is worth it!

 

[ravi0101]

What benefits were you looking for with the Canara card?

If you're looking for a Rupay card, HDFC Tata Neu is much better with discounts and cashback.

If you're looking to expand your portfolio and maximise air miles and hotel points, there are even better cards out there in the market.

Skip these slow-moving silly banks and deal with the ones which will make you feel your time is worth it!

Hdfc 2nd credit card reject kr rha hai baar baar... Hdfc Millennia credit card hai bs ... Tata neu multiple times apply kr chuka lekin deny kr rha hai ...

Reason puchha toh internal policy bta dete hai ...

 

[Sahilhenzy]

Canara bank declined my credit card application...

Reason is CRIF credit score 612

cibil 765 aur Experian score 742

Form 16 bhi diya tha sath mein but CRIF ki wajah se reject kr di application...

suggest me how to improve CRIF score ..

utilisation ratio 28%

CRIF has always low score. It won't cross 700 it will remain under 700. Here I am in the same track..