Canara Bank RuPay Select vs IOB RuPay Select
Full side-by-side comparison based on verified card data. Updated April 2026.
Quick Verdict
IOB RuPay Select Credit Card wins 5 of 8 dimensions with a CardTrail Score of 7.7/10 vs 7.3/10.
| Feature | Canara Bank RuPay Select | IOB RuPay Select |
|---|---|---|
| CardTrail Score | 7.3/10 | 7.7/10 |
| Annual Fee | Free | ₹500 |
| Base Reward Rate | 0.5% | 1% |
| Max Reward Rate | 0.5% | 1% |
| Forex Markup | 3.5% | 2.5% |
| Domestic Lounges | 2 | 2 |
| International Lounges | 2 | 2 |
| Fuel Surcharge Waiver | No | Yes |
| Network | RuPay | RuPay |
When to Choose Canara Bank RuPay Select
- You want a lifetime free card with zero annual cost
- Your primary spend is: no-fee, lounge-access
When to Choose IOB RuPay Select
- You travel internationally — saves ₹1,000/year on ₹1L forex spend
- You want higher rewards — up to 1% vs 0.5%
- Your primary spend is: psu-bank, lounge-access
Forex Cost Comparison
On ₹1,00,000 annual international spending: Canara Bank RuPay Select costs ₹4,130 in forex fees vs IOB RuPay Select at ₹2,950. You save ₹1,180/year with IOB RuPay Select.
Annual Fee Value Analysis
To break even on IOB RuPay Select's ₹500 fee at 1% rewards, spend ₹4,167/month.
Canara Bank RuPay Select is lifetime free — no break-even needed.