This invention relates to a chelated calcium fertilizer, which is prepared from: catalyst 1-2 wt. %, inorganic calcium raw material 58-69 wt. %, and chelating agent 30-40 wt. %. The chelating agent is composed of: oxalic acid 5-10 wt.%, malic acid 8-20 wt.%, citric acid 15-25 wt.%, maleic acid 10-25 wt.%, sorbitol 3-8 wt.%, gallic acid 8-10 wt.%, and lactic acid 2-8 wt.%. The catalyst is composed of: gadolinium chloride 0.1-0.35 wt.%, selenium dioxide 0.1-0.2 wt.%, chalcanthite 0.05-0.1 wt.%, KOH 0.05-0.1 wt.%, potash 0.1-0.2 wt.%, and palladium carbonate 0.05-0.2 wt.%. The chelating agent has appropriate stability and low cost, and can chelate with calcium in solid state. Besides, the chelating agent cannot be deactivated in plants by hydrolysis or reacting with phosphate, sulfate and oxalic acid. This invention also relates to a method for preparing the chelated calcium fertilizer, which specifies the production process, process parameters, and chelating agent and high-efficiency catalyst needed.