The Complete Guide to Indian Overseas Bank Credit Cards

The Indian Overseas Bank credit card now holds greater value for taxpayers after GSTN added IOB as one of the authorised banks for GST payments.

Users can now pay GST dues via UPI or debit and credit cards, adding greater ease and flexibility. This upgrade supports major payment networks and boosts the digital reach of IOB customers across India.

The facility is already active across 26+ States and UTs, with broader coverage on the way. The move marks a strong step toward smoother tax compliance.

List of Indian Overseas Bank Credit Cards and Their Credit Limit

There are 7 IOB credit cards across RuPay and VISA. The Indian Overseas Bank credit card limit changes with the variant.

Here is a simple breakdown of the available limit ranges:

1. IOB RuPay Credit Cards

Credit Card Names	Credit Card Limit for Public	Credit Card Limit for Staff
IOB RuPay Classic	₹10,000 - ₹50,000	₹10,000 - ₹59,000
IOB RuPay Platinum	₹60,000 - <₹2,00,000	₹60,000 - <₹1,50,000
IOB RuPay Select	₹2,00,000 - ₹5,00,000	₹1,50,000 - ₹5,00,000

2. IOB VISA Credit Card (Premium)

Credit Card Names	Credit Card Limit
IOB VISA Platinum (Mid Premium Variant)	₹51,000 - ₹2,70,000
IOB VISA Signature (Super Premium Variant)	₹2,70,001 - ₹5,00,000
IOB VISA Classic Credit Card	₹10,000 - ₹50,000
IOB VISA Gold Credit Card	₹60,000 - ₹5,00,000

Common IOB Credit Card Charges

The joining fee for every IOB credit card is zero. However, each card carries a set of standard charges that apply across the range.

Parameter	Charges
Annual Fee	NIL (RuPay Classic, VISA Classic & Gold)₹250+GST (Rupay and VISA Platinum)₹500+GST (RuPay Select)₹750+GST (VISA Signature)
Cash Advance Fee	2.25%₹22.50 per ₹1000
Card Replacement Fees	₹100
PIN Replacement Charges	₹20
Over Limit Charges	₹100
Late Payment Fee	₹100 after 3 days

Note: The annual fee is waived when you meet the bank’s minimum spend requirement for the year.

💡Pay your credit card bills in an easy and secure way with the PICE App.

Indian Overseas Bank Credit Card Benefits

The features of Indian Overseas Bank credit cards differ by variant. Rupay cards share a common set of core benefits, while the VISA Premium range offers another set of uniform privileges. The VISA variants share certain features.

Let us check out a few striking features of each variant:

1. RuPay

RuPay Classic earns 1 point per ₹150, while RuPay Platinum and Select earn 1 point per ₹100. Each point holds a value of ₹0.25 and can be redeemed for gifts, travel, entertainment or recharges after reaching the minimum threshold.

Eligible transactions can be converted into simple EMIs as per the bank’s terms.

Cardholders receive periodic deals and discounts provided through the RuPay network.

2. Premium

Both variants offer attractive reward points from Nth Rewards, which add steady value on each eligible spend.

Cardholders get premium VISA services such as airport-related benefits, car-rental deals, concierge support and emergency assistance.

Each premium card includes personal accidental insurance coverage of up to ₹10 lakh.

3. VISA

Interest-free purchase period of 20–50 days, based on transaction date.

Cashback of ₹0.20 per ₹100 spent, automatically applied to the monthly bill.

Insurance cover that includes baggage protection of ₹25,000 and personal accident benefits for air, road and rail travel.

Indian Overseas Bank Credit Card Eligibility

Many basic requirements stay the same across all banks. You must have a PAN, a valid mobile number and an active email ID. Non-customers must complete full KYC and show creditworthiness.

With these essentials in place, here are the key eligibility rules specific to Indian Overseas Bank credit cards.

1. Income Requirement: Salaried applicants must earn at least ₹15,000 per month. Self-employed applicants need a minimum annual income of ₹3,00,000.
2. Credit Score and Assessment: A CIBIL score of 700+ is needed for unsecured IOB cards. The bank also checks credit history, ongoing loans, income stability and key financial documents.
3. Secured Credit Cards: Applicants without income proof or with a low credit score can qualify for a secured credit card. The bank allows a credit limit of up to 90% of the deposit amount.
4. For NRIs: Must hold an Indian passport, maintain an NRE/NRO account with IOB and settle dues through the same. A local Indian address is compulsory. Cash withdrawal is capped at 40% of the card limit.

How to Apply for an IOB Credit Card?

You can get an Indian Overseas Bank credit card through both online and offline routes.

1. Online Application

Visit the IOB credit card page and tap Apply Now. Confirm whether you are an existing customer and enter the captcha. If you have an IOB account, provide your PAN, email ID and basic personal details.

Keep your Aadhaar-linked number, ID, address proof, PAN, and recent income or bank documents ready for quick processing.

Note: If you are not an existing customer, the online facility is currently unavailable.

2. Offline Application

New customers and those who prefer in-person support can apply by visiting the nearest IOB branch. The bank staff will guide you through the form, documents and verification.

Customer Support Details of the IOB Credit Card

In addition to the ways mentioned below, you can also get in touch via the RuPay and Visa credit card customer portal.

• For any credit card query, you can reach IOB’s toll-free helplines at 1800 890 4445 or 1800 425 4445.
• You may also contact the dedicated Credit Card Call Centre at 044-2851 9573 / 9574 / 9575.
• For escalations, the Credit Card Division is available at 044-2851 9518.
• You can also write to the team at creditcard@iobnet.co.in.

Conclusion

The Indian Overseas Bank credit card offers solid value through clear limits, flexible variants and useful features. The rules stay simple, the charges remain transparent, and the benefits cover most spending habits with ease.

Pick the card that fits your income, usage and lifestyle. A little comparison helps you choose smarter and manage your credit with confidence.

FAQs