Central Bank of India MasterCard World
CancelA ₹500 PSU card that handed you an airline voucher, a lounge and ₹10 lakh of air cover.
no published earn rate to price
Skip the arithmetic — the board, ranked → · nothing to sign up for
What it's worth to you, after the fee
Not valued. We can't value this card until the issuer publishes how it earns — every net-value number here would be a fee subtracted from rewards nobody has described. Everything we can source — the fee, the charges, the migration that put this card in your hand — is above and stands on its own; this card is simply not on the board, not in the calculator, and cannot win a best-of call until Central Bank of India publishes terms we can cite.
Why we decline to value some cards, and what it takes to change that →
3 notes on the card itself: how it is issued · the network variants · why it ranks #1097
Why #1097 The best card Central Bank of India ever issued on its own paper, and the only one of the seven with a welcome benefit worth naming — a ₹1,200 airline ticket voucher on issuance, lounge access and a ₹10 lakh air accident cover for ₹500 a year. The bank's own card portfolio is gone; its credit cards are SBI Card co-brands now.
The take
Central Bank of India ran seven credit cards on its own paper until the portfolio was wound down in favour of SBI Card co-brands, and the MasterCard World sat on top of all of them. For ₹500 to take and ₹500 to keep — waived outright above ₹3 lakh of annual spend — the bank's own product page promised a complimentary airline ticket voucher worth up to ₹1,200 simply for taking the card, complimentary airport lounge access at select Indian airports, a lost-card cover of up to ₹1 lakh a day from the moment you reported it, and an air accident insurance cover of up to ₹10 lakh. It also waived the 2.5% fuel surcharge outright on every transaction between ₹400 and ₹4,000, where every other card on the shelf charged it. That is a genuinely travel-shaped card at a price no private bank was matching, and it is worth being clear about what it cost you elsewhere: the revolving rate on this card was 3.5% a month, an APR of 42%, the highest on the shelf and a full 0.75 points above the Gold. Foreign currency carried the standard 3.5% mark-up, so the international earn accelerator was giving back roughly what the mark-up took. The reason this card is carried and not valued is the loyalty programme. Central Bank paid in Anmol Rewardz, its own catalogue currency, at an accelerated rate on this card — and neither the bank nor the programme ever published a rupee value for a point, nor a transfer into anything that flies. The card portal, the redemption site and the whole shelf went dark together.
Your renewal — keep, downgrade or cancel
There is no renewal arithmetic to run on this card yet — and a break-even we cannot source is not one we will print.
the whole desk — what changed, the downgrade, and what we cannot price →
Keep, downgrade or cancel
what we can and cannot price
Not valued. We can't value this card until the issuer publishes how it earns — every net-value number here would be a fee subtracted from rewards nobody has described. A break-even is the spend at which value crosses a fee, and we are short one side of that sentence — so this desk prints no ladder, no crossing and no ₹0 standing in for either. What we can source about this card is under Sources.
Your copy of this card
You hold this card.
Kept on this device, in your browser. It is never sent to us, never synced, and nothing else on the site reads it yet.
The downgrade
Central Bank of India publishes no document naming a card you can step down to, so we name none — an invented product change is a phone call you would waste. That leaves keep or cancel, and we cannot price either side of it.
If you call to cancel
What the bank offers to keep you is the one fact this desk cannot compute. We are collecting those reports — dated, and only in aggregate — before publishing any: an offer one reader was made is not one you are owed. Called about this card? Tell us what they offered →
The desk publishes subscribable .ics feeds for the dates it knows — offer deadlines, devaluations, expiry audits. Your renewal date is not one of them: only your statement knows it.
What's good
- Complimentary airline ticket voucher worth up to ₹1,200 on issuance — the only welcome benefit on the shelf
- Complimentary airport lounge access at select airports across India
- Air accident insurance cover of up to ₹10 lakh, and lost-card cover of up to ₹1 lakh a day from reporting
- Fuel surcharge waived in full on every transaction between ₹400 and ₹4,000
- ₹500 annual fee waived outright above ₹3 lakh of annual spend
Watch out
- WITHDRAWN — Central Bank of India's own credit-card portfolio is closed; the bank sells SBI Card co-brands instead
- The revolving rate was 3.5% a month — an APR of 42%, the steepest on the shelf
- Foreign currency carried a 3.5% mark-up, so the international accelerator largely paid for the mark-up
- No accrual value is carried here: the card paid in Anmol Rewardz, which this desk does not model as a currency
- Late payment ran to ₹650 on balances above ₹20,000 — the harshest band on the shelf
- Lounge access was 'at select airports across India' and the bank never published the list
What these points actually fly
Central Bank of India has not published what this card earns, so there are no points here to fly with — not zero points, and not points that go nowhere: nothing stated either way. The moment a benefit sheet exists we will price whatever it names.
what the cards that DO reach a chart can fly — 2,196 corridors priced →
Does your spend count toward the fee waiver?
not published — and we say which
₹3,00,000 a year is the bar that waives the ₹500 fee. A different question from the one above — earning points and counting toward a threshold are separate rules, and issuers write them separately.
Not published. Central Bank of India states what the Central Bank of India MasterCard World earns, but has not published which spend categories count toward the fee waiver — the ₹3,00,000 bar. We won't guess it from the earn table or from a sibling card: Axis published three cards' rules on one day and all three lists differed. If you hold this card and have it in writing from the issuer, send us the document and we'll source it.
Lounge access
0 of 793 tracked doors
No lounge access. This card opens exactly 0 of 793 tracked lounge doors — board with the crowd, or find a card that doesn't →
Can you get it?
the route in — no cutoffs published
The cutoffs and the actual route in — not the "apply now" button, the door that opens.
Closed to new applications — existing cardholders keep the card; there is no way in.
You cannot. Central Bank of India retired its own credit-card programme; the card portal at ccard.centralbankofindia.co.in no longer resolves, and the bank's credit-card page now sends applicants to SBI Card.
Central Bank of India publishes no income or age cutoffs for this card. Blank means blank — we don't invent numbers to fill a grid.
no MITC row researched for this card yet · filter the board by what you can get →
What's changed for this card
1 dated change
Devaluations and buffs that touch this card directly, its issuer, or the points and programs it earns and transfers to. Every one is dated here; the tracker carries each one's before → after and the write-up.
- 1 Jan 1980Central Bank of India launches Centralcard, India's first credit cardNo Indian bank had ever issued a credit card → Centralcard live — India-only, bank-issued credit
In 1980 the Central Bank of India launched Centralcard, the first credit card issued by an Indian bank — usable only within India. Awareness was thin, telecom authorisation infrastructure thinner, and uptake glacial. But a public-sector bank had put revolving credit on plastic, and Indian banking never walked it back.
Verified against Central Bank of India's own documents on
Not published , and we will not invent it: the earn rate and the currency it earns.
Every document behind this page — 3 of them, each with the day we read it
- official Central Bank of India's MasterCard World Credit Card page (archived 01-Sep-2019) — the ₹1,200 airline voucher, the lounge access, the ₹10 lakh air accident cover and the ₹500 issuance and renewal fees
- official Central Bank of India's shelf-wide Schedule of Charges (archived 01-Sep-2019) — ₹500 issuing and ₹500 annual for the World card, against NIL for the Gold, Titanium, Platinum and Aspire beside it
- official Central Bank of India's credit-card page as it stood in 2021 — the bank's own shelf replaced by SBI Card co-brands, with legacy holders sent to a separate section