Indian Overseas Bank (IOB) credit cards
July 29, 2024
July 29, 2024
July 29, 2024
15 Mins
Unlock exclusive offers with over 50 credit cards from top banks. With a completely digital process, you can compare the best offers tailored just for you. All it takes is entering your mobile number and you’re on your way to finding the perfect credit card for your needs.
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Explore over 50 credit cards from leading banks and compare the best offers available to you. Our digital process ensures a seamless experience from start to finish.
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[Enter your mobile number here]
[Check Offers]
Updated: 05-04-2021 09:43:18 AM
Please Note: Indian Overseas Bank is not affiliated with Paisabazaar. Offers are provided by partner banks and NBFCs only.
Overview of Indian Overseas Bank Credit Cards
Indian Overseas Bank (IOB) offers a range of credit card options designed to meet diverse financial needs. With partnerships with VISA, IOB provides two distinct credit card variants: the IOB Gold Credit Card and the IOB Classic Credit Card. Here’s a detailed overview of these credit cards, including their features, benefits, fees, and application process.
Features and Benefits of IOB Credit Cards
Global Acceptance: Both the IOB Gold and IOB Classic credit cards are accepted worldwide. You can use them at a broad range of merchant establishments and ATMs that display the VISA logo.
Add-On Cards: The IOB Gold and IOB Classic credit cards allow you to request add-on cards for family members. You can apply for up to four additional cards.
Cash Withdrawal: Both credit cards offer a convenient cash withdrawal facility. You can withdraw up to 40% of your credit limit at any ATM, providing you with easy access to cash when needed.
Flexible Payment Options: With these credit cards, you have the flexibility to pay either the total amount due or the minimum amount due. Additionally, high-value transactions can be converted into EMIs for easier repayment.
Credit Limits: The credit limits for the IOB Gold and IOB Classic credit cards differ. The IOB Gold Credit Card offers a credit limit ranging from Rs. 60,000 to Rs. 5 lakh, while the IOB Classic Credit Card provides a credit limit from Rs. 10,000 to Rs. 50,000.
Insurance Coverage: Both cards come with comprehensive insurance coverage:
IOB Gold Credit Card: Offers personal accident cover of Rs. 10 lakh for the cardholder and Rs. 2 lakh for the spouse, and Rs. 2 lakh for road/rail accidents. It also provides baggage insurance of Rs. 0.25 lakh and purchase protection of Rs. 0.25 lakh.
IOB Classic Credit Card: Provides personal accident cover of Rs. 4 lakh for the cardholder and Rs. 2 lakh for the spouse, with similar coverage for road/rail accidents. The baggage insurance and purchase protection are also Rs. 0.25 lakh each.
Fees and Charges for IOB Credit Cards
Annual Fee: There is no annual fee for a non-photo card. For a photo card, the annual fee is Rs. 100.
Card Replacement Fee: Rs. 100.
Duplicate Statement Fee: Rs. 50.
Original Charge Slip Fee: Rs. 300.
Late Fee: Rs. 100.
Finance Charges (on revolving credit): 24% per annum.
Cash Advance Fee: Rs. 22.50 per Rs. 1,000 or part thereof.
Interest Rate on Cash Advance: 24% per annum, from the withdrawal date until the settlement date.
Cash Withdrawal Charges from Other Bank ATMs: Rs. 100 per withdrawal. For balance inquiries, the fee is Rs. 20.
Foreign Exchange Mark-up Fee: 2.5%.
Eligibility and Documents Required
To apply for an IOB credit card, you must meet certain eligibility criteria, which include your credit score, age, monthly income, and location. Approval is at the bank’s discretion and may vary based on the credit card variant.
Documents Required:
Proof of Identity: PAN Card, Aadhaar Card, Driver’s License, Passport, Voter’s ID, Overseas Citizen of India Card, Person of Indian Origin Card, Job card issued by NREGA, Letters issued by UIDAI.
Proof of Address: Aadhaar Card, Driver’s License, Passport, Utility Bill (not older than 3 months), Ration Card, Property Registration Document, Person of Indian Origin Card, Job card issued by NREGA, Bank Account Statement.
Proof of Income: Latest 1 or 2 salary slips (not older than 3 months), Latest Form 16, Last 3 months’ bank statements.
How to Apply for Indian Overseas Bank Credit Cards
To apply for an IOB credit card, visit the nearest IOB branch and follow these steps:
Request the Application Form: Approach the bank’s representative and request the credit card application form.
Complete the Form: Fill out the application form with the required information.
Submit Documents: Submit the completed form along with the necessary documents.
Verification Process: The bank will review and verify your application.
Card Dispatch: Once verified, your credit card will be dispatched to your registered address.
How to Download the Credit Card Application Form Online:
Visit the official Indian Overseas Bank website.
Go to the ‘Digital Banking’ section on the homepage.
Select ‘Credit Card’ and proceed.
Click on the ‘Visa Card Application Form’ option on the new page.
Print the form, fill in the required details, and submit it along with the necessary documents at the nearest IOB branch.
Indian Overseas Bank Credit Card Customer Care
For any queries or complaints related to your IOB credit card, you can contact the bank’s customer care department. Reach out via:
Toll-Free Number: 1800-425-7744
Other Contact Numbers: 044-28519573, 044-28519574, 044-28519575
For prompt assistance, ensure you have your credit card details and relevant information ready when contacting customer care.
By following these guidelines, you can make the most of your IOB credit card and enjoy a range of benefits and services tailored to your financial needs.
Unlock exclusive offers with over 50 credit cards from top banks. With a completely digital process, you can compare the best offers tailored just for you. All it takes is entering your mobile number and you’re on your way to finding the perfect credit card for your needs.
Check Your Pre-Approved Offers Today
Mobile Number:
[Enter your mobile number here, digits only]
By submitting this form, you acknowledge that you have read and agree to the Credit Report Terms of Use, Terms of Use, and Privacy Policy.
[Check Offers]
Exclusive Pre-Approved Credit Cards Await
Explore over 50 credit cards from leading banks and compare the best offers available to you. Our digital process ensures a seamless experience from start to finish.
Enter Your Mobile Number
[Enter your mobile number here]
[Check Offers]
Updated: 05-04-2021 09:43:18 AM
Please Note: Indian Overseas Bank is not affiliated with Paisabazaar. Offers are provided by partner banks and NBFCs only.
Overview of Indian Overseas Bank Credit Cards
Indian Overseas Bank (IOB) offers a range of credit card options designed to meet diverse financial needs. With partnerships with VISA, IOB provides two distinct credit card variants: the IOB Gold Credit Card and the IOB Classic Credit Card. Here’s a detailed overview of these credit cards, including their features, benefits, fees, and application process.
Features and Benefits of IOB Credit Cards
Global Acceptance: Both the IOB Gold and IOB Classic credit cards are accepted worldwide. You can use them at a broad range of merchant establishments and ATMs that display the VISA logo.
Add-On Cards: The IOB Gold and IOB Classic credit cards allow you to request add-on cards for family members. You can apply for up to four additional cards.
Cash Withdrawal: Both credit cards offer a convenient cash withdrawal facility. You can withdraw up to 40% of your credit limit at any ATM, providing you with easy access to cash when needed.
Flexible Payment Options: With these credit cards, you have the flexibility to pay either the total amount due or the minimum amount due. Additionally, high-value transactions can be converted into EMIs for easier repayment.
Credit Limits: The credit limits for the IOB Gold and IOB Classic credit cards differ. The IOB Gold Credit Card offers a credit limit ranging from Rs. 60,000 to Rs. 5 lakh, while the IOB Classic Credit Card provides a credit limit from Rs. 10,000 to Rs. 50,000.
Insurance Coverage: Both cards come with comprehensive insurance coverage:
IOB Gold Credit Card: Offers personal accident cover of Rs. 10 lakh for the cardholder and Rs. 2 lakh for the spouse, and Rs. 2 lakh for road/rail accidents. It also provides baggage insurance of Rs. 0.25 lakh and purchase protection of Rs. 0.25 lakh.
IOB Classic Credit Card: Provides personal accident cover of Rs. 4 lakh for the cardholder and Rs. 2 lakh for the spouse, with similar coverage for road/rail accidents. The baggage insurance and purchase protection are also Rs. 0.25 lakh each.
Fees and Charges for IOB Credit Cards
Annual Fee: There is no annual fee for a non-photo card. For a photo card, the annual fee is Rs. 100.
Card Replacement Fee: Rs. 100.
Duplicate Statement Fee: Rs. 50.
Original Charge Slip Fee: Rs. 300.
Late Fee: Rs. 100.
Finance Charges (on revolving credit): 24% per annum.
Cash Advance Fee: Rs. 22.50 per Rs. 1,000 or part thereof.
Interest Rate on Cash Advance: 24% per annum, from the withdrawal date until the settlement date.
Cash Withdrawal Charges from Other Bank ATMs: Rs. 100 per withdrawal. For balance inquiries, the fee is Rs. 20.
Foreign Exchange Mark-up Fee: 2.5%.
Eligibility and Documents Required
To apply for an IOB credit card, you must meet certain eligibility criteria, which include your credit score, age, monthly income, and location. Approval is at the bank’s discretion and may vary based on the credit card variant.
Documents Required:
Proof of Identity: PAN Card, Aadhaar Card, Driver’s License, Passport, Voter’s ID, Overseas Citizen of India Card, Person of Indian Origin Card, Job card issued by NREGA, Letters issued by UIDAI.
Proof of Address: Aadhaar Card, Driver’s License, Passport, Utility Bill (not older than 3 months), Ration Card, Property Registration Document, Person of Indian Origin Card, Job card issued by NREGA, Bank Account Statement.
Proof of Income: Latest 1 or 2 salary slips (not older than 3 months), Latest Form 16, Last 3 months’ bank statements.
How to Apply for Indian Overseas Bank Credit Cards
To apply for an IOB credit card, visit the nearest IOB branch and follow these steps:
Request the Application Form: Approach the bank’s representative and request the credit card application form.
Complete the Form: Fill out the application form with the required information.
Submit Documents: Submit the completed form along with the necessary documents.
Verification Process: The bank will review and verify your application.
Card Dispatch: Once verified, your credit card will be dispatched to your registered address.
How to Download the Credit Card Application Form Online:
Visit the official Indian Overseas Bank website.
Go to the ‘Digital Banking’ section on the homepage.
Select ‘Credit Card’ and proceed.
Click on the ‘Visa Card Application Form’ option on the new page.
Print the form, fill in the required details, and submit it along with the necessary documents at the nearest IOB branch.
Indian Overseas Bank Credit Card Customer Care
For any queries or complaints related to your IOB credit card, you can contact the bank’s customer care department. Reach out via:
Toll-Free Number: 1800-425-7744
Other Contact Numbers: 044-28519573, 044-28519574, 044-28519575
For prompt assistance, ensure you have your credit card details and relevant information ready when contacting customer care.
By following these guidelines, you can make the most of your IOB credit card and enjoy a range of benefits and services tailored to your financial needs.
Unlock exclusive offers with over 50 credit cards from top banks. With a completely digital process, you can compare the best offers tailored just for you. All it takes is entering your mobile number and you’re on your way to finding the perfect credit card for your needs.
Check Your Pre-Approved Offers Today
Mobile Number:
[Enter your mobile number here, digits only]
By submitting this form, you acknowledge that you have read and agree to the Credit Report Terms of Use, Terms of Use, and Privacy Policy.
[Check Offers]
Exclusive Pre-Approved Credit Cards Await
Explore over 50 credit cards from leading banks and compare the best offers available to you. Our digital process ensures a seamless experience from start to finish.
Enter Your Mobile Number
[Enter your mobile number here]
[Check Offers]
Updated: 05-04-2021 09:43:18 AM
Please Note: Indian Overseas Bank is not affiliated with Paisabazaar. Offers are provided by partner banks and NBFCs only.
Overview of Indian Overseas Bank Credit Cards
Indian Overseas Bank (IOB) offers a range of credit card options designed to meet diverse financial needs. With partnerships with VISA, IOB provides two distinct credit card variants: the IOB Gold Credit Card and the IOB Classic Credit Card. Here’s a detailed overview of these credit cards, including their features, benefits, fees, and application process.
Features and Benefits of IOB Credit Cards
Global Acceptance: Both the IOB Gold and IOB Classic credit cards are accepted worldwide. You can use them at a broad range of merchant establishments and ATMs that display the VISA logo.
Add-On Cards: The IOB Gold and IOB Classic credit cards allow you to request add-on cards for family members. You can apply for up to four additional cards.
Cash Withdrawal: Both credit cards offer a convenient cash withdrawal facility. You can withdraw up to 40% of your credit limit at any ATM, providing you with easy access to cash when needed.
Flexible Payment Options: With these credit cards, you have the flexibility to pay either the total amount due or the minimum amount due. Additionally, high-value transactions can be converted into EMIs for easier repayment.
Credit Limits: The credit limits for the IOB Gold and IOB Classic credit cards differ. The IOB Gold Credit Card offers a credit limit ranging from Rs. 60,000 to Rs. 5 lakh, while the IOB Classic Credit Card provides a credit limit from Rs. 10,000 to Rs. 50,000.
Insurance Coverage: Both cards come with comprehensive insurance coverage:
IOB Gold Credit Card: Offers personal accident cover of Rs. 10 lakh for the cardholder and Rs. 2 lakh for the spouse, and Rs. 2 lakh for road/rail accidents. It also provides baggage insurance of Rs. 0.25 lakh and purchase protection of Rs. 0.25 lakh.
IOB Classic Credit Card: Provides personal accident cover of Rs. 4 lakh for the cardholder and Rs. 2 lakh for the spouse, with similar coverage for road/rail accidents. The baggage insurance and purchase protection are also Rs. 0.25 lakh each.
Fees and Charges for IOB Credit Cards
Annual Fee: There is no annual fee for a non-photo card. For a photo card, the annual fee is Rs. 100.
Card Replacement Fee: Rs. 100.
Duplicate Statement Fee: Rs. 50.
Original Charge Slip Fee: Rs. 300.
Late Fee: Rs. 100.
Finance Charges (on revolving credit): 24% per annum.
Cash Advance Fee: Rs. 22.50 per Rs. 1,000 or part thereof.
Interest Rate on Cash Advance: 24% per annum, from the withdrawal date until the settlement date.
Cash Withdrawal Charges from Other Bank ATMs: Rs. 100 per withdrawal. For balance inquiries, the fee is Rs. 20.
Foreign Exchange Mark-up Fee: 2.5%.
Eligibility and Documents Required
To apply for an IOB credit card, you must meet certain eligibility criteria, which include your credit score, age, monthly income, and location. Approval is at the bank’s discretion and may vary based on the credit card variant.
Documents Required:
Proof of Identity: PAN Card, Aadhaar Card, Driver’s License, Passport, Voter’s ID, Overseas Citizen of India Card, Person of Indian Origin Card, Job card issued by NREGA, Letters issued by UIDAI.
Proof of Address: Aadhaar Card, Driver’s License, Passport, Utility Bill (not older than 3 months), Ration Card, Property Registration Document, Person of Indian Origin Card, Job card issued by NREGA, Bank Account Statement.
Proof of Income: Latest 1 or 2 salary slips (not older than 3 months), Latest Form 16, Last 3 months’ bank statements.
How to Apply for Indian Overseas Bank Credit Cards
To apply for an IOB credit card, visit the nearest IOB branch and follow these steps:
Request the Application Form: Approach the bank’s representative and request the credit card application form.
Complete the Form: Fill out the application form with the required information.
Submit Documents: Submit the completed form along with the necessary documents.
Verification Process: The bank will review and verify your application.
Card Dispatch: Once verified, your credit card will be dispatched to your registered address.
How to Download the Credit Card Application Form Online:
Visit the official Indian Overseas Bank website.
Go to the ‘Digital Banking’ section on the homepage.
Select ‘Credit Card’ and proceed.
Click on the ‘Visa Card Application Form’ option on the new page.
Print the form, fill in the required details, and submit it along with the necessary documents at the nearest IOB branch.
Indian Overseas Bank Credit Card Customer Care
For any queries or complaints related to your IOB credit card, you can contact the bank’s customer care department. Reach out via:
Toll-Free Number: 1800-425-7744
Other Contact Numbers: 044-28519573, 044-28519574, 044-28519575
For prompt assistance, ensure you have your credit card details and relevant information ready when contacting customer care.
By following these guidelines, you can make the most of your IOB credit card and enjoy a range of benefits and services tailored to your financial needs.
Author
Harish Malhi
