Santa Claus comes around just once a year. In the meantime, there are Credit Cards.
  • Indian Overseas Bank Credit Card

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    Indian Overseas Bank offers credit cards in association with Visa. The IOB cards allow you to shop, dine, and travel with additional benefits. Currently the bank offers two credit cards with zero maintenance fee.

    Best Credit Cards offered by IOB

    Listed below are the credit cards offered by Indian Overseas Bank with key features and benefits.

    IOB Credit Card Variant Annual Fee Key Features
    IOB Gold Credit Card NIL Global acceptance, cash limit up to 40% of credit limit, Personal accident cover up to Rs.10 lakh, Baggage insurance, free add-on cards.
    IOB Classic Credit Card NIL Global acceptance, cash limit up to 40% of credit limit, Personal accident cover up to Rs.4 lakh, Baggage insurance, free add-on cards.

    Indian Overseas Bank is one of the major public sector banks in India and was established in the year 1937. At present, IOB is one of the Indian banks that has an in-house ISO certified Information Technology Department. Indian Overseas Bank has achieved 100% Central Banking System status and also 100% networking status. Indian Overseas Bank is one of those unique banks in India that has found the right balance between traditional banking and the new-age banking using technology, IOB has a wide footprint all over India with over 1150 physical branches and 8 overseas offices. IOB offers a wide variety of unique financial products including loans, accounts and deposits for individuals, corporates and SMEs. IOB offers two credit cards for the customers, each card is carefully designed to offer the best features. Choose a IOB Credit card that matches your lifestyle and open up a whole new world of personalized banking experience, exclusive offers and other range of benefits that will elevate your shopping experience.

    Why Choose IOB Credit Cards?

    IOB Credit Cards come loaded with a line of benefits that are specially designed to make the purchase experience of customer more delightful and rewarding, Cardholders will earn reward points for every transaction that they make. IOB Credit Cards are valid internationally and is accepted at over a million merchant establishments. Cardholders are offered up to 4 add-on cards for their family members. Indian Overseas Bank customers can choose between IOB Gold Credit Card and IOB Classic Credit Card.

    Features and Benefits of Indian Overseas Bank Credit Card:

    The features and benefits that accompany IOB credit cards are many. Given below are some of the advantages that makes IOB Credit Cards, a very popular product amongst all Indians.

    • International Acceptance:

      IOB Credit Cards are accepted at over 1, 18, 000 member establishments for the purchase of services and goods all over the world. IOB Credit Cards will act as as valuable substitute for cheque or cash.

    • Security with SMS Alerts:

      For every transaction that the customer makes using IOB Credit Cards, he will get SMS alerts which will help the customer to track the expenses easily and also be aware of the transaction details.

    • Hassle Free Credit Card Payments:

      IOB Credit Cardholders can make credit card payments easily through IOB Net Banking site. You need not worry about missing the payment due date and paying penalty, which internet payment options, you can easily pay your credit card bills from the comfort of your home.

    • ATM Cash Withdrawal:

      Cardholders can use their IOB Credit Card to withdraw cash from the ATMs and also use the card for transactions at merchant PoS.

    • Supplementary Credit Cards:

      If you are benefiting from IOB Credit Cards, you can introduce the comfort of cashless transactions to your family members also by getting them an add-on card. Cardholders can get up to four supplementary cards in addition to the primary card.

    • Flexible Payment Benefit:

      IOB Credit Cardholders can enjoy the advantage of flexible payment option. By availing this feature, they have to pay only the minimum amount instead of the total due amount.

    • Exciting Rewards Scheme:

      For every e-commerce and merchant Point of Sale transactions that the customers make using IOB Credit Card, reward points are credited to the customer's account. This system makes every purchase more rewarding for the cardholder.

    Charges and Interest:

    The fees and charges for Indian Overseas Bank Credit Cards are as follows.

    Services/Cards IOB Gold Credit Card IOB Classic Credit Card
    Card limit Rs. 60, 000 to Rs. 5, 00,000 Rs. 10, 000 to Rs. 50, 000
    Photo Card Rs. 100 /- Rs. 100 /-
    Charges for issuance of Card No Charges (non-photo card) No Charges (non-photo card)
    Hot listing fee No charges No charges
    Annual maintenance charges No charges No charges
    Duplicate statement copy Rs. 50 /- Rs. 50 /-
    Late Payment Fee Rs. 100 /- Rs. 100 /-
    Cash advance fee Rs. 22. 50 per Rs. 1000 /- or part thereof Rs. 22. 50 per Rs. 1000 /- or part thereof
    Charge slip copy Rs. 100 /- Rs. 100 /-
    Replacement/Re-issue of Lost/Damaged Credit Cards Rs. 100 /- Rs. 100 /-
    Cash advance Interest 24% (Annualized) from the date of the withdrawal till settlement date 24% (Annualized) from the date of the withdrawal till settlement date
    Secured Online Transactions Verified By Visa (VBV) Verified By Visa (VBV)
    Foreign Currency transactions 2.5 % on the transaction value 2.5 % on the transaction value
    Interest on Roll over credit 24 % (annualized) 24 % (annualized)
    Charges for Cash Withdrawal from other Bank’s ATMs(VISA) Rs. 100 /- per withdrawal Rs. 20 /- per balance enquiry Rs. 100/- per withdrawal Rs. 20/- per balance enquiry

    Fees and charges for IOB credit cards are subject to frequent change. Do enquire with the Indian Overseas Bank about the prevailing rates before making a transaction with your credit card.

    IOB Credit Card Rewards:

    For every purchase that the customer makes using an Indian Overseas Bank Credit card, they are offered reward points. The reward points will be directly credited to the cardholder's account and the customer can use it to purchase an item that he wants or convert it to cash. The terms and conditions of credit card reward points scheme is subject to change, do enquire with IOB to know more about the current reward scheme.


    To be able to apply for an IOB Credit Card, a customer must satisfy the following eligibility criteria.

    • The applicant must be an Indian resident and must be over 18 years of age.
    • The credit card applicant must have a steady income from a good source. The same will be verified through the income documents and salary slips submitted by the customer.
    • The customer must have a good CIBIL score and must not have defaulted on any payments concerned with IOB or any other bank.

    Indian Overseas Bank Credit Card Documents Required:

    A customer has to submit the documents given below to complete the application procedure for IOB credit cards.

    • Duly filled application form for the credit card of your choice, affixed with photographs.
    • ID Proof - Any one of the following documents
      • Passport
      • Aadhar card
      • Driver’s licence
      • Voter’s ID
    • Address proof - Any one of the following documents
      • Telephone bill
      • Electricity Bill
      • Passport
      • Election card
      • Aadhar Card
    • Proof of Income
    • Form 16
    • Last 3 months’ salary slip
    • Latest IT Returns
    • Last 3 months’ bank statement

    List of IOB Credit Cards:

    Here’s a list of credit cards offered by Indian Overseas Bank.

    • Indian Overseas Bank IOB Classic Credit Card:

      IOB Classic Credit Card is specially crafted to people who are looking for a card that offers sheer banking convenience with exclusive offers & privileges. For people who love to shop, travel and make merry, IOB Classic Credit Card is the best bet. With credit limits up to Rs. 5 lakhs, this card will definitely enhance your purchase power. What more, the cardholder can get up to four supplementary cards and also introduce their family to the enticing world of shopping and purchase privileges.

    • Indian Overseas Bank IOB Gold Credit Card:

      If you are tired of having to carry your cash wherever you go and waiting in line to get that change, IOB Gold Credit Card will give you freedom from all that hassles. This credit card is accepted and recognized globally and can be used at over a million merchant establishments across the globe. IOB Gold Credit Card comes with affordable interest rates and charges. Cardholders can make their purchase experience more delightful with the reward point’s scheme.

    IOB Credit Card FAQs:

    1. Are IOB credit cardholders offered any insurance benefits?

      Yes, IOB credit cardholders are offered personal accident insurance, insurance for baggage while travelling and purchase protection insurance. The details of the insurance covers are as follows.

    2. Insurance for / Member Primary Cardholder Spouse
      Personal accident insurance covering death due to Air Crash Rs. 10 lacs for IOB Gold Credit Cardholders Rs. 4 lacs for IOB Classic Credit Cardholders Rs. 2 lacs for both IOB Gold and IOB Classic Credit Card
      Personal accident insurance covering death due to road/rail Rs. 2 lacs Rs. 1 lacs
      Baggage Insurance Rs. 0.25 lacs -
      Purchase Protection Rs. 0.25 lacs -
    3. Are there any transaction limits for IOB Credit Cards?

      Yes, the transaction limits for IOB Credit Cards are given below.

      Purchase at Jewelry shops 50% of Credit Limit
      Per day Ceiling Cash through ATM Rs 15,000 /- for IOB Classic Credit Card Rs 25, 000 /- for IOB Gold Credit Card
      Cash Withdrawal 40% of Credit Limit
      All transactions 50% of Credit limit
    5. Do IOB Credit Cards come with lifetime validity?

      Indian Overseas Bank credit card are valid for 3 years from the month of issue. If the customer holds satisfactory track record and prompt due settlement history, the card will be automatically renewed after three years. Also, the customer can inform the bank branch at least 2 months in advance if he does not wish to renew the card.

    6. Can I use IOB Credit Cards overseas?

      Yes, IOB Credit cards can be used internationally. The cards are accepted at over 1. 18 lakh merchant partners for purchase of services and goods around the globe.

    7. Will I incur any extra charge for foreign currency transactions?

      Yes, if you use your IOB credit cards for foreign currency transactions, you will incur a charge of 2.5% on transaction value which will be added to the total transaction value.

    *Note: All the rates are subject to change, therefore, customers are required to keep on checking the rates from time to time.


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    Indian Overseas Bank Credit Cards Reviews

    • IOB
      0.5 4.0/5 "Great!"
      I am holding credit card with INDIAN OVERSEAS BANK on one year before. The verification process was good and received a card on time. The credit limit is good and sufficient to use for this card. For this card there is no annual fee chargeable.
      Was this review helpful? 65
      , thane
      Reviewed on Oct 20, 2019
    • IOB
      "Need to provide an EMI option"
      0.5 3.0/5 "Satisfactory"
      I was using INDIAN OVERSEAS BANK credit card one year before. It was applied directly to bank since I am holding an account with them. It was a life time free credit card and the limit which was given sufficient one. It is not applicable for EMI option. So I have stopped using this card.
      Was this review helpful? 30
      , tezpur
      Reviewed on Oct 17, 2019
    • IOB
      "Trusted Banking Experience"
      0.5 5.0/5 "Blown Away!"
      I am maintaining Indian Overseas account for last 15 year, I like sms alert for each and every transactions they are sending the updates on time but they take some minimal charges its fine for me. I need to maintain Rs.1000 on monthly basis, the online banking is user friendly.
      Was this review helpful? 16
      , chennai
      Reviewed on Jul 03, 2019
    • IOB
      "Good card"
      0.5 5.0/5 "Blown Away!"
      The limit is good. The customer support is also good. I've been using the INDIAN OVERSEAS BANK Credit card for a while. So far it has been a good experience with the card and their services. There is no annul fee Charge with this card and offers are here even i get EMI option .
      Was this review helpful? 25
      , chennai
      Reviewed on Jun 28, 2019
    • IOB
      0.5 5.0/5 "Blown Away!"
      I am having the savings account with the INDIAN BANK where i ma not facing any issues with 6this account the customer support is good, i use the online banking also the offline banking with this bank. There are charges applicable for the sms which is 15 rupees for every year.
      Was this review helpful? 11
      , chennai
      Reviewed on Apr 26, 2019
    • IOB
      0.5 5.0/5 "Blown Away!"
      I am holding the savings account with the INDIAN OVERSEAS BANK where there is a minimum balance should be maintained which is one thousand rupees, while doing the three and above transactions through the ATM it is chargeable of 20-25 rupees with this card.
      Was this review helpful? 13
      , ghaziabad
      Reviewed on Apr 16, 2019
    • IOB
      "Easy to handle"
      0.5 3.0/5 "Satisfactory"
      I have been using the credit card with Indian Overseas Bank. The charges are very less but i won't get any offer in this card. They have given me a good credit limit of Rs. 50000 and i have decrease upto Rs. 10000 now. There is no annual fee in this card. I am receiving the bill on time to my mail id.
      Was this review helpful? 12
      , chennai
      Reviewed on Jan 28, 2019
    • IOB
      0.5 5.0/5 "Blown Away!"
      The credit limit is very sufficient in the credit card where i have taken with the INDIANOIL CITI PLATINUM CARD. The credit limit is 76k also it is a chargeable card but if i spent amount of 30k k it is free. I am getting the none of the offers from this card. The service is satisfactory with this card.
      Was this review helpful? 11
      , kolkata
      Reviewed on Oct 15, 2018
    • IOB
      0.5 3.0/5 "Satisfactory"
      I have taken my credit card from INDIAN OVERASES BANK , i am using this credit card from past 6 month . Customer support and their response is up to the mark , i can connect them easily . I have not utilize the card much so i am not aware about the benefits . IT is life time free card .
      Was this review helpful? 10
      , bangalore
      Reviewed on Aug 30, 2018
    • IOB
      "Average Service"
      0.5 2.0/5 "Expected more"
      I've a credit card with the Indian Overseas bank. I am using it for three years. The limit is very low. They don't provide any commendable offers. Overall it hasn't been a very good experience with their services. They need to provide more offers to their customers.
      Was this review helpful? 8
      , chennai
      Reviewed on Jun 26, 2018
    • IOB
      "Below average card to use"
      0.5 1.0/5 "Really Bad"
      I got the Indian overseas bank platinum credit card around 12 years ago. The credit card service is not up to the mark with the Indian overseas bank. The credit limit value is very low with this Indian overseas bank platinum credit card and i am not satisfied using this card.
      Was this review helpful? 8
      , hyderabad
      Reviewed on Jun 12, 2018
    • IOB
      "Not much offers with the card"
      0.5 4.0/5 "Great!"
      I hold a credit card with INDIAN OVERSEAS BANK but there is not much offer is there with the card. And this card is not accepted everywhere. And the reward points get expired, why should the reward points get expired. Since its got expired i could not able to use the reward points.
      Was this review helpful? 5
      , mumbai
      Reviewed on May 04, 2018
    • IOB
      "Not better"
      0.5 2.5/5 "Just OK"
      I am having the credit card with the Indian overseas bank and the customer service is not really good. I would like to say that the credit limit value is good one for me. I am happy with the Indian overseas bank credit card.
      Was this review helpful? 5
      , chennai
      Reviewed on Nov 29, 2017
    • IOB
      "Good card to use"
      0.5 4.0/5 "Great!"
      I use the Indian overseas bank Classic credit card for more than a year. The customer support is average with Indian overseas bank credit card department. I can say, I am satisfied with the credit limit. I would say it Indian overseas bank classic credit card is good to use.
      Was this review helpful? 10
      , anand
      Reviewed on Nov 06, 2017
    • IOB
      "Good to use"
      0.5 4.5/5 "Excellent!"
      I got a credit card with IOB in my name Devarakonda Suresh. My credit limit was 75k, I would like to enhance the credit limit. The EMI facilities are not available. It is a lifetime free credit card. I am holding it for 5 years. I like the service with HDFC Bank, I may continue in future.
      Was this review helpful? 6
      , dharwad
      Reviewed on Oct 27, 2017
    • IOB
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I use credit card with Indian Overseas Bank for more than 5 years. It is a chargeable card. Credit limit is quite ok and I have no issues with the bank for the credit card. I never charged unnecessarily by the bank at any instance. I do not have any idea about reward points and cash back offers as I did not check about that till date.
      Was this review helpful? 8
      , chennai
      Reviewed on May 29, 2017
    • IOB
      "Need to improve"
      0.5 4.0/5 "Great!"
      I am having the credit card with the Indian Overseas Bank. Rate of interest is much higher which is the only drawback and its 16% per month. I am using this card mostly in the train ticket booking and the purchasing in the shopping malls. They are okay with the customer service and I am the employee of them and I can get priority.
      Was this review helpful? 9
      , chennai
      Reviewed on Sep 23, 2015
    • IOB
      0.5 5.0/5 "Blown Away!"
      I am holding a credit card of IOB bank. We have to visit Branch for anything and everything and they have to improvise the service. The annual fee charged by them was rs 100. I am holding this card for more than 2 years. When ever they add annual fee they call up and confirm with me only after which they would add this annual fee on the statement. It is an average card.
      Was this review helpful? 5
      , hyderabad
      Reviewed on Jul 04, 2015
    • IOB
      "GOOD Card"
      0.5 5.0/5 "Blown Away!"
      No hidden charges, good value but less offers, Overall very good to use and happy to pay. No EMI Feature available, which causes bit unfriendly. Hope they incorporate in feature with emi and co-branded card , which will help in getting more discounts.
      Was this review helpful? 17
      , chennai
      Reviewed on Apr 15, 2015
    • IOB
      0.5 4.0/5 "Great!"
      Indian Overseas bank has low processing fee charge for the credit card when compared to other banks. There is no indirect charges and there is no penalty charges when there is a delay in paying the amount. Overall, I have a smooth transaction with Indian overseas bank. Every month I nearly do 25000 to 30000 rs transaction.
      Was this review helpful? 30
      , pondicherry
      Reviewed on Feb 19, 2015
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