Indian Overseas Bank Credit Card

Card Limit 

•Rs.51,000toRs.2,70,000• Suitable for everyday purchases and occasional higher-value transactions• Limit based on income, credit history, and eligibility 

•Rs.2,70,001toRs.5,00,000• Supports premium shopping, frequent travel bookings, and high-value payments• Higher limit for customers with higher income levels 

Positioning 

• Mid-premium card• Balances affordability withadditionalfeatures• Ideal for moderate travellers and online purchasers 

• Super-premium card• Provides access to exclusive services and lifestyle benefits• Designed for frequent travellers and premium customers 

Reward Programme 

• Part of Nth Rewardsprogramme• Earn points on everyday transactions• 1% cashback on selected merchants 

• Part of Nth Rewardsprogramme• Earn points on all qualifying payments• No flat cashback, compensated by lifestyle and travel benefits 

Online Education Benefits 

• Discounts on Coursera, edX, Udemy• Helps with professional development and skill-building 

• Same education discounts as Platinum• Ensures Signature users also benefit from online learning savings 

Hotel Booking Offer 

• 8% off on Hotels.com• Useful for domestic and international travel bookings 

• Same Hotels.com discount as Platinum• Allows combination with higher card limit for flexible planning 

Entertainment Privileges 

• NA 

• 50%off uptoRs.300 on 2 movie tickets viaBookMyShow• Ideal for frequent cinema-goers 

Travel & Airport Services 

• Luxury airport transfer discounts• Airport immigration service discounts• Concessions on international car rentals 

• Includes all Platinum travel benefits• 24×7 conciergeassistance• Access to selected golf privileges 

EMI Facility 

• Available for eligible purchases• Helps spread large expenses over time 

• Available for eligible purchases• Paired with higher limit and broader usage 

Emergency Assistance 

• Emergency card replacement• Emergency cash disbursement• Valuable during travel or card-related issues 

• Same as Platinum• Ensures uninterrupted card usage globally 

Additional VISA Offers 

• Eligible for Platinum-tier offers• Includes discounts on dining, travel, and online platforms 

• All Platinum offers included• Signature-exclusive seasonal promotions on travel, shopping, and dining 

Annual Maintenance Charges (AMC) 

•Rs.250 + GST• Waived if annual spending >Rs.60,000• Easy to maintain for active users 

•Rs.750 + GST•Waived ifannual spending >Rs.1,00,000• Regular users often meet this threshold 

Insurance Coverage 

• Personal accident coverage:Rs.10lakh• Financial protection for cardholder’s family 

• Personal accident coverage:Rs.10lakh• Provides robust protection alongside premium features 

Target User Group 

• Users upgrading from basic cards• Value moderate travel benefits, online discounts, and light cashback 

• Customers seeking premium travel experiences• Curated assistance, lifestyle-oriented features, high-value transactions 

Card Limit 

• Minimum:Rs.10,000• Maximum:Rs.50,000 for Public /Rs.59,000 for Staff• Provides sufficient credit for routine spending, online purchases, and small lifestyle expenses• Ideal for first-time cardholders or those upgrading from basic accounts• Helps build credit history with controlled limit exposure 

Reward Programme 

• 1 reward point for everyRs.150 spent• Each point valued atRs.0.25• Minimum 500 pointsrequiredtoinitiateredemption• Points can be redeemed for merchandise, gift cards, travel bookings, entertainment, mobile recharge, or DTH payments• Encourages regular card usage by providing tangible benefits• Ensures points are used before expiry to maximise value and rewards 

EMI Facility 

• Cardholders can convert eligible transactions into easy EMIs• Tenure options provided as per bank’s policy• Useful for managing larger payments without a sudden cash outflow• Provides flexibility to spread payments over time while continuing regular card usage 

Merchant Offers 

• Eligible for a variety of merchant offers communicated periodically through theRuPaynetwork• Covers retail, dining, entertainment, and select online platforms• Providesadditionalsavings on everyday spending• Encourages card usage at partner merchants to maximise rewards and benefits 

Personal Accident Insurance 

• Eligible forRs.2 lakh coverage provided by NPCI• Offers basic financial protection in case of accidents• Ensures peace of mind for cardholders during travel or daily activities• Acts as a supplementary safeguard along with other personal insurance coverage 

Card Limit 

• Minimum:Rs.60,000 for Public & Staff• Maximum: Less thanRs.200,000 (Public) / Less thanRs.150,000 (Staff)• Designed for customers with higher monthly expenditure• Supports frequent online and offline transactions, utility payments, and lifestyle purchases• Allows users tomaintainfinancial flexibility while enjoying a higher credit limit• Suitable for those who frequently travel or shop online 

Reward Programme 

• 1 reward point for everyRs.100 spent• Each point valued atRs.0.25• Minimum 750 pointsrequiredfor redemption• Points redeemable for merchandise, gift cards, travel, entertainment, mobile recharge, and DTH services• Faster accumulation than Classic, rewarding frequent usage• Encourages responsible spending while maximising value from points 

EMI Facility 

• Cardholders can convert eligible transactions into EMI• Flexible tenure options as per bank guidelines• Helps manage medium-value purchases efficiently• Allows users to plan higher-ticket payments without immediate financial strain• Supports disciplined repayment over multiple billing cycles 

Merchant Offers 

• Eligible for periodic merchant offers communicated viaRuPaynetwork• Includes dining, retail, travel, lifestyle, and online platform discounts• Provides opportunities to save oneverydayand premium purchases• Designed to encourage cardholder engagement and reward loyalty 

Airport Lounge Facility 

• 1 domestic lounge access per quarter• 1 international lounge access per calendar year• Provides comfort and convenience while travelling• Enhances overall travel experience with premium facilities• Ideal for frequent travellers or business users who value lounge access 

Fuel Surcharge Waiver 

• 1% fuel surcharge waiver at all fuel stations across India• Applies to transactions betweenRs.400 andRs.5,000•Maximumwaiver capped atRs.250 per billing cycle• Offers tangible savings for regular fuel purchases• Supports efficient management of travel-related expenses 

Personal Accident Insurance 

• Eligible forRs.10 lakh coverage provided by NPCI• Offers comprehensive protection for accidents• Helps provide financial security for cardholders and their families• Especially useful for frequent travellers or customers using their card for premium purchases 

Card Limit 

• Minimum:Rs.200,000 for Public /Rs.150,000 forStaff• Maximum:Rs.500,000 for Public & Staff• Super-premium limit catering to high-value users• Suitable for extensive travel, high-value shopping, and lifestyle expenses• Provides flexibility to make large purchases without straining regular finances• Designed for users who prefer premium financial products and services 

Reward Programme 

• 1 reward point for everyRs.100 spent• Each point valued atRs.0.25• Minimum 1,000 pointsrequiredfor redemption• Points redeemable for merchandise, gift cards, travel, entertainment, mobile recharge, and DTH services• Rewards structured for maximum benefit to high-value users• Encourages frequent usage while accumulating valuable points quickly 

EMI Facility 

• Cardholders can convert eligible transactions into EMI• Flexible tenure options available as per bank policy• Helps manage high-value purchases without upfront payments• Offers convenient repayment options for frequent or premium users 

Merchant Offers 

• Eligible for periodic merchant offers communicated throughRuPaynetwork• Includes retail, travel, lifestyle, and high-end online platform discounts• Provides premium savings and benefits tailored for high-spending customers• Designed to enhance the cardholder’s experience across multiple merchant categories 

Airport Lounge Facility 

• 2 domestic lounge access per quarter• 2 international lounge access per calendar year• Provides superior comfort and convenience while travelling• Enhances overall travel experience for frequent flyers• Suitable for business users and premium travellers who value exclusive lounge access 

Personal Accident Insurance 

• Eligible forRs.10 lakh coverage provided by NPCI• Offers robust protection for high-value cardholders• Financial security during accidents or unexpected events• Complements other premium card features for overall safety and peace of mind 

Credit Card EMI Interest Rate 

• 13%, 15% & 17% based on EMI tenure• 13% applicable for 3 & 6 EMI• 15% applicable for 9 & 12 EMI• 17% applicable for 18 & 24 EMI 

Processing Fee 

• Nil• No additional charges for initiating EMI 

Pre-closure Charges 

• 3% of outstanding principal• MinimumRs.100,MaximumRs.1,000• GST applicable on the charges 

Cancellation of EMI Charges 

• Nil if cancelled within15 daysof EMI conversion• Ensures flexibility in case of change of plans 

Minimum Transaction Amount for EMI Conversion 

•Rs.3,000• Ensures only substantial transactions can be converted to EMI 

Range of Tenure Option 

• 3, 6, 9, 12, 18 &24 months• Provides flexibility to spread repayments over short or medium term• Allows cardholders to manage cash flow according to convenience 

Salaried Individuals 

Valid ID and address proof (KYC)Credit history, employment stability, bank statements, de-duplication check, field verification if necessary- Existing debt obligations checked- PAN, mobile number, and email required 

Minimum monthly income: Rs.15,000Credit limit based on net monthly income and CIC score- Take-home income norm: 50% for credit limit assessment- Secured Credit Card available against term deposit (90% of principal) if no income proof 

Self-Employed Individuals 

Valid ID and address proof (KYC)- Credit history, business stability, bank statements, de-duplication check, field verification if necessary- Existing debt obligations checked- PAN, mobile number, and email required 

Minimum gross annual income: Rs.300,000/-- Credit limit based on income and CIC score- Take-home income norm: 50% for credit limit assessment- Secured Credit Card available against term deposit (90% of principal) if no income proof 

Existing Housing Loan Customers 

KYC compliance- Credit history and repayment behaviour on housing loan verified- PAN, mobile, and email required 

Minimum take-home income as per existing housing loan scheme- Credit limit based on income and CIC score- Secured Credit Card rules same as above if needed 

Non-Customers 

KYC compliance (ID and address proof)- Satisfactory creditworthiness verified- Credit bureau report reviewed 

Credit limit based on income and CIC score- Secured Credit Card available against term deposit (90% of principal) if criteria not met 

Applicants with CIBIL ≥700 

Credit bureau score verified- Past financial track record reviewed- Satisfactory past credit history ensured 

Eligible for IOB International Credit Card- Higher score is likely to get you higher credit limit 

Applicants with CIBIL <700 

Eligible only for Secured Credit Card- Must provide term deposit as security- PAN, mobile, email required 

Credit limit: 90% of principal term deposit 

Applicants without Income Proof 

Eligible only for Secured Credit Card- Past financial conduct and creditworthiness verified- PAN, mobile, email required 

Credit limit: 90% of principal term deposit 

NRI Applicants 

Must hold Indian passport and submit undertaking to surrender card if nationality changes- PAN mandatory- NRE/NRO account required- Overseas and Indian local addresses required 

Cash withdrawal limit: 40% of card limit- For foreign currencies, limit equivalent to 40% of card limit- Credit card dues settled via NRE/NRO account 

Payment Through Branch 

Step 1:Visit any IOB branch that is convenient foryou.Step2:Approach the credit card counter and inform the staff that you want to make a payment. You can choose to pay either by depositing cash directly or by transferring funds from your IOB savings or currentaccount.Step3:Provide your full credit card number and any other required details so that the payment is credited correctly to youraccount.Step 4: Collect the payment receipt or acknowledgement slip. Keep it safely for your records in case of any discrepancies or future reference. 

Payment Through UPI Apps 

Step 1:Open a UPI-enabled application such as BHIM,PhonePe, Google Pay, or CRED on yoursmartphone.Step2:Select the‘Pay’or‘Send Money’optionand add your IOB credit card as thebeneficiary.Step3:Enter your 16-digit credit card number carefully and type the exact amount you wish topay.Step 4: Confirm the transaction using your UPI PIN. After a successful transaction, you will receive an instant confirmation and the payment will be reflected in your credit card account. 

Payment Through Internet Banking 

Step 1:Log in to your IOB internet banking account using your username andpassword.Step2:Register your credit card by navigating to‘IOB Cards’>‘IOB Credit Card’>‘Register Card.’This step ensures your card is linked to your banking profile for securepayments.Step3:After registration is approved, go to‘IOB Cards’>‘IOB Credit Card’>‘Make Payment’to start the paymentprocess.Step 4: Enter the payment amount, review the details, and authorise the transaction. A confirmation message will indicate successful credit of your payment. 

Payment Through Mobile Banking 

Step 1:Open the IOB mobile banking app on your smartphone and log insecurely.Step2:Register your credit card by going to‘Card Services’>‘Credit Card Services’>‘IOB Credit Cards’>‘Add Card.’This links your card to the mobile bankingapp.Step3:Navigate to‘CardServices’>‘Credit Card Services’>‘IOB Credit Cards’>‘Card Payment’to access the paymentoption.Step 4: Enter the payment amount, confirm the details, and submit the payment. The transaction is processed instantly and will be reflected in your account immediately. 

Payment Through NEFT 

Step 1:Log in to your bank account at any other bank from which you want to make thepayment.Step2:Choose NEFT as the paymentoptionand select‘Add Beneficiary’ifrequired.Step3:Enter your 16-digit IOB credit card number, Account Type as Credit Card, and IFSC Code: IOBA00CARDS. Double-check the details to avoid anyerrors.Step 4: Review the payment details carefully and confirm the transaction. Once processed, the payment will be credited to your credit card account. 

Payment By Cheque 

Step 1:Write a cheque infavourof your IOB credit card account number, making sure the number isaccurate.Step2:Deposit the cheque at any IOB branch,submittingit at the designated counter for credit cardpayments.Step3:Verify that the bank has acknowledged receipt of the cheque and keep the deposit slip forreference.Step 4: The payment will be credited to your account after the cheque clears, usually within 1–2 working days. 

Payment Through Auto-Debit 

Step 1:Register for auto-debit through the IOB Credit Card Mobile App or the customer portal to ensure your monthly dues are automaticallypaid.Step2:Link the bank account from which the monthly credit card dues will be debitedautomatically.Step3:Once activated, the system will deduct the outstanding amount from your account on the due date every month without any manualeffort.Step 4: Auto-debit ensures timely payments, helps avoid late payment fees, and gives peace of mind knowing your account will remain in good standing consistently.