Credit Card Gold
MyRupaya Ratings
Product Details
Credit Card Name :
Credit Card Gold
Bank Name :
Indian Overseas Bank
Type :
Regular Credit Card
Interest Rate :
2.50% per month [30% per annum].
Eligibility :
Above 18.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
Rewards: Credit Card awards cashback of Rs.0.20 per point for every Rs.100/- spent.
Other Benefits: Personal Accident insurance cover, Baggage insurance, Purchase insurance.
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
Above 18.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
Personal Accident Cover and other protections are provided with this card.
Speical Feature, Eligibility and Benefits
How to apply for Credit Card?
Visit the Indian Overseas Bank website and click on the "Apply for Credit Card" tab.
Select the "Credit Card Gold" option.
Enter your personal details, such as your name, address, and contact information.
Enter your employment details, such as your employer's name and address.
Enter your income details.
Upload a scanned copy of your ID proof and address proof.
Submit your application.
A bank representative will contact you to verify your details and approve your application.
Once your application is approved, you will receive your credit card in the mail.
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:-
Rewards: Credit Card awards cashback of Rs.0.20 per point for every Rs.100/- spent.
Other Benefits: Personal Accident insurance cover, Baggage insurance, Purchase insurance.
No welcome benefit.
Limited offers and Rewards
No airport lounge access facility available.
Indian overseas Bank Credit Card Gold
Enjoy marvelous privileges and convenience over purchases with the Gold Credit Card offered by Indian Overseas Bank. It is a superior credit card which is tailor-made to cater diverse banking needs of the customers. Interestingly, the card includes a special range of features, which is considered the best when it comes to shopping and travel. Furthermore, Gold Credit Card would match the lifestyle of the cardholder by presenting a good selection of quality advantages such as reward points, affordable interest, larger credit limit and global recognition.
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