Indian Overseas Bank Credit Card

Last Updated : Jan. 11, 2025, 2:46 p.m.

Indian Overseas Bank (IOB) offers a range of credit cards designed to cater to diverse customer needs. Whether you're looking for cashback, rewards, or exclusive offers, IOB provides flexible options with added benefits. They also offer access to online payment systems, ease of EMI conversion for high-ticket purchases, and other value-added services like fuel surcharge waivers and discounts on shopping and dining.

In this article, you can check with IOB Credit Card with their most up-to-date offers or specific card eligibility requirements.

Best IOB Credit Cards 2025

Here are the Indian Overseas Bank Credit Cards with fees and some charges -

Features & Benefits of Indian Overseas Bank Credit Card

Here are the benefits and features of IOB Credit Cards, read to know more -

IOB Rupay Classic Credit Card

The IOB Rupay Classic Credit Card is a cost-effective option offering a range of benefits for everyday use. It provides reward points on purchases, fuel surcharge waivers at select fuel stations, and access to online payment systems.

• 1 Reward Point for every Rs. 150 spent on the IOB RuPay Classic Credit Card, with each point valued at Rs. 0.25
• Redeem points for merchandise, gift cards, travel, entertainment, recharge, DTH, and more before they expire.
• Cardholders can convert transactions into EMIs and enjoy merchant offers through the card network.

IOB Rupay Platinum Credit Card

• 1 Reward Point for every Rs. 100 spent on the IOB RuPay Platinum Credit Card, with each point valued at Rs. 0.25
• Redeem points for merchandise, gift cards, travel, entertainment, recharge, DTH, and more before expiry
• Convert transactions into EMIs as per applicable terms
• Exclusive merchant offers through the card network
• 1 domestic lounge access per quarter and 1 international lounge access per year
• 1% fuel surcharge waiver on transactions between Rs. 400 and Rs. 5000, capped at Rs. 250 per billing cycle
• Qualified for a Rs. 2 lakh personal accident insurance policy offered by NPCI.

IOB Rupay Select Credit Card

The RuPay Select is the super-premium variant of the IOB RuPay Credit Card, offering exclusive privileges and superior benefits. It is designed for discerning customers who seek premium services, including higher reward points, complimentary lounge access, and value-added features like insurance coverage, fuel surcharge waivers, and merchant offers.

• Redeem points for merchandise, gift cards, travel, entertainment, recharge, DTH, and more before expiry.
• Convert transactions into EMIs as per terms.
• Enjoy merchant offers through the card network.
• 2 domestic lounge accesses per quarter and 2 international lounge accesses per year.
• 1% fuel surcharge waiver on transactions between Rs. 400 and Rs. 5000, capped at Rs. 250 per billing cycle.
• Qualified for a Rs. 10 lakh personal accident insurance policy offered by NPCI.

IOB VISA Credit Card

Indian Overseas Bank, in partnership with VISA, offers two credit card variants: IOB Gold and IOB Classic . These cards can be used to withdraw cash from IOB’s InstaCash ATMs and any ATMs displaying the VISA logo.

The key features of both cards are highlighted below:

Shopping Offers -

• Rs. 500 off on purchases above Rs. 3,000 at Croma stores nationwide
• Rs. 500 discount at Wills Lifestyle stores in India.
• 20% off on gold-making charges and Rs. 3,000 off on diamond jewelry purchases over Rs. 50,000 at Joyalukkas.
• Up to 60% off at Bicester Village Shopping Collection for top lifestyle brands.
• Private sales and late-night shopping privileges at Florentia Village, China.

Wellness and Fitness Offers -

• 10% off on medicines (excluding DPCO) with code VISA5075 at Apollo Pharmacy.
• 5% off on FMCG products with code VISAFMCG at Apollo Pharmacy.
• 15% off on Apollo Pharmacy products with code VISAAP.
• Up to Rs. 1,000 discount on Gold's Gym annual membership.
• 3-day free trial and 20% off on gym memberships at Talwalkars.
• Complimentary access to airport lounges.

Dining and Hotel Booking Offers -

• Free welcome drink and priority booking at Umame and Square Pan via Visa Concierge.
• 10% off on bills over Rs. 350 at Baskin Robbins.
• 20% off at IOSIS Spa.
• Dining discounts at Holiday Inn Golden Mile Hong Kong with a Visa Card.
• Free welcome drinks at Baths Middle Brighton and Hinokizaka Japan.
• Complimentary dessert at Grain Store, Melbourne.
• 20% off at St. James Hotel & Club, Mayfair.
• 25% off at Sala Phuket Mai Khao Beach Resort.
• 50% off Signature Suites at Hotel Madera (Hollywood and Hong Kong).
• 15% off on Johnson Group Pest Management services.
• Special dining offers at Nikushou and Yon Toh Heen in Hong Kong.
• Complimentary cocktail at Jade Dragon and a bottle of wine at Niu by Vikings, Philippines.

Credit Limit of IOB Gold and IOB Classic Have Different Credit Limits

IOB Credit Card Charges

The IOB credit card charges are as given below:

Indian Overseas Bank Credit Card Eligibility

To apply for an IOB Credit Card, customers must meet the following eligibility criteria:

• Must be an Indian resident aged 18 years or older.
• Should have a steady income, verified through submitted income documents or salary slips.
• Must have a good CIBIL score with no history of payment defaults with IOB or any other bank.

Documents Required for IOB Credit Card

To apply for an IOB Credit Card, the following documents are needed:

Proof of Address:

• Voter ID
• Aadhaar Card
• Utility Bills
• Driving Licence

Photo ID Proof:

• Passport
• PAN Card
• Voter ID
• Aadhaar Card
• Driving Licence

Income Proof:

• For Salaried Individuals: Latest salary slips, Form 16, and bank account statements for the last 6 months.
• For Self-Employed/Business Owners: Audited balance sheet, profit & loss account, and IT return for the last 2 years.

How to Apply for an IOB Credit Card?

Here are the steps for existing and new customers, how they can apply for an Indian Overseas Bank Credit Card -

For Existing Customers:

1. Visit the official IOB website and navigate to the Credit Card page.
2. Enter your net banking Customer ID and registered mobile number.
3. Submit your application directly online.

For New Customers:

1. Go to the official IOB website and access the Credit Cards page.
2. Fill in your contact and personal details.
3. Review the available credit card options and choose the one that suits your needs.
4. If your financial details meet the bank’s criteria, proceed to apply.
5. To walk you through the procedure, a bank representative will get in touch with you.
6. Submit required documents, including address proof, photo ID, and income proof, for verification.

Upon successful verification, your credit card will be issued.

How to make payment for an Indian Overseas Bank Credit Card?

These are the methods to Pay IOB Credit Card Bills -

Internet Banking:

• Register for IOB internet banking.
• Log in using your User ID and password.
• Use your account to pay your credit card bill immediately.

Auto-Debit:

• Set up an auto-debit facility to automatically deduct the credit card bill amount from your IOB savings or current account.

NEFT/RTGS:

• Transfer funds via NEFT/RTGS using the 16-digit card number as the beneficiary account.
• Provide details such as the debit account, amount, cardholder name, and IOB IFSC code .

Cheque:

• Issue a cheque payable to your 16-digit card number.
• Write the cardholder’s name and registered mobile number on the reverse side.
• Submit the cheque at any IOB branch or dropbox.

Cash:

• Deposit cash at any IOB branch to pay your credit card bill.

Indian Overseas Bank (IOB) Credit Card Customer Care Number

Customer Care (Toll-Free): 18004257744

Credit Card Division: 044-28519573/9574/9575

Bank Official: Shri Pinku Sabout (Chief Manager)

Phone: 044-71729701

E-Mail: [email protected]

Summing Up!

Indian Overseas Bank (IOB) credit cards are designed to meet different customer needs, including the IOB Gold, IOB Classic, and the super-premium IOB RuPay Select. These cards come with various features like reward points, shopping discounts, fuel surcharge waivers, and lounge access .

With added benefits like exclusive merchant offers, wellness discounts, and insurance coverage, IOB credit cards provide a convenient and rewarding way to manage your finances.