Classic Credit Card
Rewards & Benefits
Welcome Benefits
None
Milestone Benefits
Cashback Rate
Users will be awarded 1 reward point for every Rs. 100 spent on all eligible purchases.
The value of 1 RP= 0.20 Paisa. Effective cashback rate: 0.20%.
Movie Benefits
Dining Benefits
Other Benefits
Accident coverage. Baggage and purchase protection; Personal accident insurance coverage.; Baggage insurance and purchase protection.
Lounge Access
Fees & Charges
Joining Fee
NIL, Annual fee: None
Annual Fee
Cash Advance Fee
Cash advance fee: 2.25% or Rs. 22.50 per Rs. 1000/-
Interest rate
2.50% per month [30% per annum].
Late Payment Fee
Late payment fee: Rs. 100/- after 3 days from the due date
Foreign Currency Transactions Fee
Foreign currency transaction fee: 3.5% of the transaction amount
Other Fees
Fuel surcharge: 1.00% or Rs. 10.00 per Rs. 1000/- | Over limit charges: Rs. 100/-
Cons
No welcome benefit.
Limited offers and rewards.
No airport lounge access facility is available.
Reward System: Users will be awarded 1 reward point for every Rs. 100 spent on all eligible purchases. The value of 1 RP= 0.20 Paisa. Effective cashback rate: 0.20%.
Personal accident insurance coverage.
Baggage insurance and purchase protection.
Rewards & Benifits
Welcome Benefits
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Rewards System
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International Forex Markup
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Welcome Benefits and Reward System
Special Features
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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.
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:-
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Cons:-
Reward System: Users will be awarded 1 reward point for every Rs. 100 spent on all eligible purchases. The value of 1 RP= 0.20 Paisa. Effective cashback rate: 0.20%.
Personal accident insurance coverage.
Baggage insurance and purchase protection.
No welcome benefit.
Limited offers and rewards.
No airport lounge access facility is available.
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
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
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Fuel Surcharge
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Billing Cycle
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