CanBank ties up with MasterCard for 3 new cards

Canara Bank on Wednesday launched three premium card variants in association with MasterCard to expand its card base from the present level of 3.3 million. The bank launched Canara Credit Card World for customers with net annual income of Rs 7.50 lakh. Canara Business Debit Card is a global debit card targeted at SME customers.

Canara International Travel Prepaid Travel Card is a multi-currency prepaid travel card for students travelling abroad for studies. It can be loaded with euro, dollars and sterling pound in one card. The card is valid for five years with reload facility which is advantageous for frequent foreign travelers.

Multi-currency load facility enables the traveller to use the card in local currency in multiple countries saving cross currency exchange load. On exhaustion of the local currency, the card facilitates inter-wallet currency transfer also which attract cross currency load including mark up, said V S Krishna Kumar.