Indian Overseas Bank VISA Platinum Credit Card

1. Discount Benefits: With this credit card, you get various discounts on educational platforms like Coursera, eDX, and Udemy.  

1. Hotel Booking Discounts: Enjoy 8% off on hotel bookings through Hotel.com. 

1. VISA Benefits: This credit card also offers various VISA benefits like airport immigration services, transfers at airports, car rentals, emergency card replacement, EMI facility, and emergency cash disbursement. 

1. Insurance Benefits: Get personal accident insurance coverage of up to Rs.10 lakhs.  

1. Annual Fee Waiver: Get your annual fee of Rs.250 plus taxes waived off on completing credit card transactions worth Rs.60,000 or above.

Eligibility Criteria to Apply for the Indian Overseas Bank VISA Platinum Credit Card

Eligibility Criteria for Resident Indians Applicants

The resident Indians must fulfill the below-listed eligibility criteria to apply for the Indian Overseas Bank VISA Platinum credit card:  

1. The net monthly income and credit score are the main parameters checked by the bank when issuing this credit card. Do note that your credit limit will be fixed based on your income and credit score. 

1. When issuing this credit card, the bank will follow a rule-based underwriting model depending on whether the applicant is salaried or self-employed. 

1. The bank will also consider factors like credit history, employment or business stability, bank statements, and other related details before issuing the credit card. 

1. You must have a minimum 50% take-home income after completing expenses and debts.  

1. You should have a minimum monthly income of Rs.15,000 in the case of salaried applicants and a minimum gross annual income of Rs.3 lakh in the case of self-employed applicants. 

1. If you are applying for an unsecured card, you need to have a CIBIL credit score of 700 and above.  If your score is below 700, you can apply for a secured credit card backed by a fixed deposit, with 90% of the deposit as your credit limit. 

1. You need to provide a PAN card, mobile number, and email ID when applying for this credit card. 

1. In the case of a non-customer of Indian Overseas Bank, you will have to prove your creditworthiness and fulfill the KYC norms set by the bank to be eligible for this credit card. 

Eligibility Criteria for Non-Resident Indians Applicants

The Non-Resident Indians (NRIs) must fulfill the below-listed eligibility criteria to apply for the Indian Overseas Bank VISA Platinum credit card: 

1. You must be an Indian passport holder.  

1. You must maintain an NRE or NRO account with the Indian Overseas Bank. 

1. You must give an undertaking to surrender the card if you no longer hold an Indian passport. 

1. You must have a PAN card. 

1. You must provide both your overseas and Indian addresses. 

1. Your credit card dues will be settled from your NRE/NRO account. 

1. Do note that the cash withdrawal limit for NRIs is 40% of the credit limit in Indian currency or equivalent foreign currency. 

Documents Required to Apply for the Indian Overseas Bank Platinum Credit Card

The documents required to apply for an Indian Overseas Bank Platinum credit card are as listed below: 

1. Valid Identity Proof: Aadhaar card, passport, ration card, etc. 

1. Valid Address Proof: Electricity bill, Aadhaar card, water bill, ration card, etc. 

1. Valid Income Proof: Form 16, Bank Statements, Salary Slips (not more than three months old), ITR, etc. 

1. Multiple copies of passport-sized photographs. 

1. The PAN card is a mandatory document. 

1. CIBIL score report. 

Note: The documents listed above are in general, and the bank may request additional documents as per the requirements.

Fees and Charges for the Indian Overseas Bank Platinum Credit Card

The fees and charges for the Indian Overseas Bank Platinum credit card are as listed below: 

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