All About IOB Gold Credit Card Perks & Charges

Bio

Shreyansh Singh, an IIT Kanpur alumnus, has eight years of experience in the finance industry. He has spent 5 years at American Express developing mid to long-term strategies for multiple markets including US, Europe and India. Shreyansh currently leads Growth and Strategy initiatives at Pice.

25 Mar 26
3 mins

Shreyansh Singh

08 Mins
25-03-26

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Table of Contents

IOB Gold Credit Card Benefits
Additional Features
IOB Gold Credit Card Eligibility Criteria
IOB Gold Credit Card Charges

Comes with a cashback feature of ₹0.20 per point for every ₹100 spent.
Subject to an interest rate of 30% per annum.
Has a credit limit of ₹60,000 to ₹5,00,000.
Comes with a personal accident coverage of up to ₹4 lakh.

The IOB Gold Credit Card is designed for individuals looking for essential credit card benefits without paying annual fees. It offers basic rewards, cashback on transactions, travel insurance of up to ₹25,000 and flexible limits, making it suitable for first-time users or those seeking a low-maintenance card.

If you are wondering what other perks and features the IOB Gold Credit Card offers, read on to know more.

IOB Gold Credit Card Benefits

Reward Points

Get a cashback of ₹0.20 per point for every ₹100 spent. This gets adjusted towards the monthly outstanding during the generation of bills when the point reaches 500.

Purchase Protection Cover

Avail a purchase protection cover of up to ₹25,000 on items you purchase using the credit card.

Personal Accident Insurance Cover

Avail a personal accident cover for death due to an air crash of ₹4 lakh for self and ₹2 lakh for spouse. For death due to road or rail accidents, the coverage is ₹2 lakh for self and ₹1 lakh for spouse.

Baggage Insurance

Get baggage insurance coverage of up to ₹25,000 if your checked-in baggage is damaged or lost during travel.

Note: These benefits are only available for existing cardholders.

Additional Features

The IOB Gold Credit card limit is ₹60,000 - ₹5,00,000.
The daily transaction limit is 100% of the card limit or available balance for both E-Com and POS transactions.
Daily cash withdrawal limit is 40% of the card limit or the available balance in the card (whichever is less).

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IOB Gold Credit Card Eligibility Criteria

Salaried applicants should have a monthly income of ₹15,000 and self-employed applicants need to have a minimum of ₹3 lakh annual gross income.
A minimum of 50% take home income norm is considered for limit calculation.
Applicants must possess a satisfactory past repayment record.

IOB Gold Credit Card Charges

Charges	Amount
Joining Fee	NIL
Annual Fee	NIL
Supplementary Card Fee	NIL
Rate of Interest	30% per annum
Cash Advance Fee	2.25% per ₹1,000
Forex Conversion Fee	2.50%
Fuel Surcharge	1.00% per ₹1,000
PIN Replacement Charge	₹20 for every incident
Over Limit Charge	₹100
Late Payment Fee	₹100 (after 3 days have passed from the due date)

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