Santa Claus comes around just once a year. In the meantime, there are Credit Cards.
IOB Classic Credit Card is designed for people who want the best of things that life has to offer. For people who are looking for freedom from paper money, IOB Classic Credit Card is the best choice. With credit limit up to Rs. 5 lakhs, IOB Classic Credit Card will empower you with a greater purchase power. This credit card can be used to make transactions at merchant Point of Sale and also to withdraw cash from any ATM across the country. IOB Classic Credit Card comes with affordable fees and charges and cardholders can avail up to 4 add-on cards. IOB Classic Credit Card will open up a new world of enhanced privileges, enviable offers and the benefit of hassle-free banking transactions.
IOB Classic Credit Card comes with an array of customer-centric advantages that makes it one of the best credit cards in the market. Read on to find more about the features and benefits offered by this card.
| Worldwide Acceptance | IOB Classic Credit Card is accepted and recognized all around the globe and at over 6.5 lakh outlets in the country. |
| Rewards Program | Cardholders are offered reward points for every e-commerce and Point of Sale transactions that they make using IOB Classic Credit Card. |
| SMS Alerts | For every transaction that you make using the Classic Credit card, you will get SMS alerts which will help you stay on top of your finances. |
| Easy Payments | Think ease of banking, think IOB Classic Credit Card! Cardholders can comfortably make payments of credit cards through IOB Net Banking portal. |
| Flexible Payment Option | IOB Classic Credit Card customers can enjoy the benefit of flexible payment. By making use of this feature, they only have to pay the minimum due amount instead of the total due amount |
| Add-On Cards | Get all your family members an add-on card and introduce them to the world of exclusive privileges. Cardholders can avail up to four supplementary cards in addition to the primary card |
| Easy Cash Withdrawal | Customers can use their IOB Classic Credit Card to withdraw cash from the ATMs also in addition to using it for PoS transactions. |
The fees and charges for IOB Classic Credit Card is as given below.
| Services | Fees & Charges |
|---|---|
| Charges for issuance of Card | No Charges (non-photo card) |
| Card limit | Rs.10,000 to Rs.50,000 |
| Duplicate statement copy | Rs. 50 /- |
| Hot listing fee | No charges |
| Photo Card | Rs. 100 /- |
| Charge slip copy | Rs. 100 /- |
| Replacement/Re-issue of Lost or Damaged Credit Card | Rs.100 /- |
| Annual maintenance charges | No charges |
| Late Payment Fee | Rs. 100 /- |
| Original Charge slip | Rs.300 /- |
| Cash advance fee | Rs.22.50 per Rs.1000 /- or part thereof |
| Interest on Roll over credit | 24% (annualized) |
| Foreign Currency transactions | 2.5% on the transaction value |
| Charges for Cash Withdrawal from other Bank’s ATMs(VISA) | Rs. 100/- per withdrawal Rs. 20/- per balance enquiry |
| Secured Online Transactions | Verified By Visa (VBV) |
The fees and charges pertaining to IOB Classic Credit Card are subject to frequent revisions. Do enquire with Indian Overseas Bank to know more about the prevailing charges before you make a transaction using your credit card.
The eligibility criteria for IOB Classic Credit Card is as given below.
For a detailed list of eligibility criteria including the income criteria, do contact IOB.
You must submit the following documents to apply for IOB Classic Credit Card.
Identity Proof: Applicants of IOB Classic Credit Card must provide an identity proof while applyingYes, if you use your IOB Classic Credit Card to make transactions at select merchant establishments like petrol bunks and railways, you will be levied a nominal service charge.
Yes, you can use your IOB Classic Credit Card to withdraw cash from the ATMs.
If you lose or misplace your IOB Classic Credit Card, contact IOB customer helpline immediately to block your card. The credit card will be hot listed to prevent any misuse.
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