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Classic Credit Card

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.

Classic Credit Card
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
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

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

Fees & Charges
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