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Updated: 05-04-2021 09:43:18 AM Note: Indian Overseas Bank is not affiliated with Paisabazaar. Offers are from partner banks and NBFCs.

Overview of Indian Overseas Bank Credit Cards

Indian Overseas Bank (IOB) provides diverse credit card options to meet financial needs, partnering with VISA to offer IOB Gold and Classic Credit Cards. Here’s an overview of their features, benefits, fees, and application process.

Features and Benefits of IOB Credit Cards

Global Acceptance: Both IOB Gold and Classic Credit Cards are globally accepted at VISA-marked merchants and ATMs.
Add-On Cards: Request up to four add-on cards for family with both credit variants.
Cash Withdrawal: Withdraw up to 40% of your credit limit from ATMs with ease.
Flexible Payment: Pay the total or minimum due, with options to convert high-value transactions into EMIs.
Credit Limits: IOB Gold Card's limit ranges from Rs. 60,000 to Rs. 5 lakh, while Classic Card ranges from Rs. 10,000 to Rs. 50,000.
Insurance Coverage: Both cards include:

• IOB Gold Card: Offers Rs. 10 lakh accident cover for the cardholder, Rs. 2 lakh for spouse, and Rs. 2 lakh for road/rail accidents. Includes Rs. 0.25 lakh baggage insurance and purchase protection.
• IOB Classic Card: Provides Rs. 4 lakh accident cover for cardholder, Rs. 2 lakh for spouse. Baggage and purchase protection at Rs. 0.25 lakh each.

Fees and Charges for IOB Credit Cards

• Annual Fee: No fee for non-photo cards; Rs. 100 for photo cards.
• Card Replacement Fee: Rs. 100.
• Duplicate Statement Fee: Rs. 50.
• Original Charge Slip Fee: Rs. 300.
• Late Fee: Rs. 100.
• Finance Charges (Revolving Credit): 24% p.a.
• Cash Advance Fee: Rs. 22.50 per Rs. 1,000.
• Cash Advance Interest Rate: 24% p.a. from withdrawal to settlement.
• Other Bank ATM Withdrawal: Rs. 100 per transaction; Rs. 20 for balance inquiry.
• Foreign Exchange Markup Fee: 2.5%.

Eligibility and Documents

Eligibility depends on credit score, age, income, and location. Approval is at the bank's discretion and varies by card type.Required Documents:

• Proof of Identity: PAN, Aadhaar, Driver’s License, Passport, Voter ID, OCI Card, PIO Card, NREGA-issued job card, UIDAI letter.
• Proof of Address: Aadhaar, Driver’s License, Passport, Utility Bill (under 3 months), Ration Card, Property registration, PIO Card, NREGA job card, Bank Statement.
• Proof of Income: Latest 1-2 salary slips (under 3 months old), Form 16, Last 3 months’ bank statements.

How to Apply for IOB Credit Cards

To apply, visit an IOB branch:

1. Request Application: Approach bank representative for the card application form.
2. Complete Form: Fill required details in the form.
3. Documentation: Submit form with required documents.
4. Verification: Bank reviews and verifies the application.
5. Card Dispatch: Upon approval, your card will be sent to your registered address.

To Download Application Form Online:

1. Visit the official IOB website.
2. Navigate to ‘Digital Banking’.
3. Select ‘Credit Card’ option.
4. Locate ‘Visa Card Application Form’ and print it.
5. Complete and bring it with required documents to the closest IOB branch.

IOB Credit Card Customer Care

For assistance with your IOB credit card, contact:

• Toll-Free: 1800-425-7744
• Other Contacts: 044-28519573, 044-28519574, 044-28519575

Ensure you have credit card details ready when contacting customer support. Adhering to these steps will maximize benefits and services from your IOB credit card.