Santa Claus comes around just once a year. In the meantime, there are Credit Cards.
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    IOB Classic Credit Card

    1st Year Fee
    Joining Perks

    IOB Classic Credit Card

    Fees & Charges

    Promised Interest Rate

    Customer Service




    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 unique 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.

    Features and Benefits of IOB Classic Credit Card:

    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.

    Fees and Charges for IOB Classic Credit Card:

    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.

    Eligibility for IOB Classic Credit Card:

    The eligibility criteria for IOB Classic Credit Card is as given below.

    • The applicant must be over 18 years of age and must be an Indian resident.
    • The customer must have a commendable CIBIL score and must not have defaulted on any payments concerned with any bank.
    • The applicant must have a constant income source which will be verified through the income documents.

    For a detailed list of eligibility criteria including the income criteria, do contact IOB.

    Documentation Required for IOB Classic Credit Card:

    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 applying –
      • PAN Card
      • Voter’s Identity Card copy
      • Passport copy
      • Driving License copy
      • Aadhaar UID copy
    • Proof of Residence – The applicants will have to provide a residence proof while applying for the credit card. They can provide any among the following documents –
      • Electricity Bill
      • Telephone Bill
      • Passport Copy
    • Income Proof – Applicants will have to provide the recent Form 16 or Income Tax Return or Salary slips as income proof.

    IOB Classic Credit Card FAQs:

    1. What are the insurance benefits offered with the IOB Classic Credit Card?
    2. The insurance protection offered for IOB Classic card holder is as follows.

      Insurance for / Member Primary Cardholder Spouse
      Personal accident insurance covering death due to Air Crash Rs. 4 lacs Rs. 2 lacs
      Personal accident insurance covering death due to road/rail Rs. 2 lacs Rs. 1 lacs
      Purchase Protection Rs. 0.25 lacs -
      Baggage Insurance Rs. 0.25 lacs -
    3. What are the transaction limits for IOB Classic Credit Card?
    4. The transaction limits for IOB Classic Credit Card is as given below.

      Purchase at Jewellery shops 50% of Credit Limit
      Per day Ceiling Cash through ATM Rs 15,000 /-
      Cash Withdrawal 40% of Credit Limit
      All transactions 50% of Credit limit
    5. Will I have to pay service charges for railway ticket bookings?
    6. Yes, 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.

    7. Can I use IOB Classic Credit Card to withdraw cash from ATMs?
    8. Yes, you can use your IOB Classic Credit Card to withdraw cash from the ATMs.

    9. What do I have to do if I unintentionally lose or misplace my credit card?
    10. 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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    IOB Classic Credit Card Reviews

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