Classic Credit Card
MyRupaya Ratings
Product Details
Credit Card Name :
Classic Credit Card
Bank Name :
Indian Overseas Bank
Type :
Rewards Credit Card
Interest Rate :
2.50% per month [30% per annum].
Eligibility :
Any IOB Customer
NRI can apply for credit card. Applicants who are NRI and holding Indian passport are also eligible for credit cards
Minimum CIBIL score for applying credit card is 650.
Pros
Reward System: Credit Card awards cashback of Rs.0.20 per point for every Rs.100/- spent.
Other Benefits: Personal Accident Insurance Coverage, Baggage Insurance, and Purchase Protection.
Cons
No welcome benefit.
Limited offers and Rewards
No airport lounge access facility available.
Pros & Cons
Welcome Benefits
None
Rewards System
1 reward point for every Rs. 100 you spend on all eligible purchases.
1 RP= 0.20 Paisa
Effective Cashback Rate: 0.20%
International Forex Markup
IFM- 2.50% on international transactions.
Welcome Benefits and Reward System
Special Features
None
Eligibility Criteria
Any IOB Customer
NRI can apply for credit card. Applicants who are NRI and holding Indian passport are also eligible for credit cards
Minimum CIBIL score for applying credit card is 650.
Benefits
Earn 1 IOB Reward Point for every Rs. 150 spent.
Accident Cover
Baggage and purchase protection
Speical Feature, Eligibility and Benefits
How to apply for Credit Card?
Go to the IOB website and click on the "Apply for Credit Card" tab.
Select the "Classic" card from the list of cards.
Enter your personal details, such as your name, address, and contact information.
Enter your income and employment details.
Upload a copy of your PAN card and identity proof.
Submit your application.
The required documents for applying for an Indian Overseas Bank Credit Card Classic are: PAN card Identity proof (such as passport, driving license, or voter ID card) Proof of address (such as electricity bill or bank statement) Income proof (such as salary slip or IT return)
Contact Details
Customer Care (toll free)
18004257744
Account Opening and Procedure
Recommended Credit Cards
Pros:-
Change the text to include your own content. Adjust the font, size or scale to customize the style.
Cons:-
Reward System: Credit Card awards cashback of Rs.0.20 per point for every Rs.100/- spent.
Other Benefits: Personal Accident Insurance Coverage, Baggage Insurance, and Purchase Protection.
No welcome benefit.
Limited offers and Rewards
No airport lounge access facility available.
Classic Credit Card Indian Overseas Bank
IOB Classic Credit Card is designed for people who want the best of things that life has to offer. For people who are looking for freedom from paper money, IOB Classic Credit Card is the best choice. With credit limit up to Rs. 5 lakhs, IOB Classic Credit Card will empower you with a greater purchase power. This credit card can be used to make transactions at merchant Point of Sale and also to withdraw cash from any ATM across the country. IOB Classic Credit Card comes with affordable fees and charges and cardholders can avail up to 4 add-on cards. IOB Classic Credit Card will open up a new world of enhanced privileges, enviable offers and the benefit of hassle-free banking transactions
Abhijeet Saxena
Abhijeet Saxena
Nalsar University of Law
Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi
Ex - Khaitan & Co. Bengaluru,
Ex - National Stock Exchange, Mumbai,
Ex - Argus Partners, Mumbai
Product Review
Fees & Charges
Joining Fee-NIL, Annual fee: None
Cash advance fee: 2.25% or Rs. 22.50 per Rs. 1000/-
Foreign currency transaction fee: 3.5% of the transaction amount
Fuel surcharge: 1.00% or Rs. 10.00 per Rs. 1000/-
Over limit charges: Rs. 100/-
Late payment fee: Rs. 100/- after 3 days from the due date
Interest Rate: 30% p.a.
Fuel Surcharge
1.00% or Rs.10.00 per 1000/-
Billing Cycle
30 Days