IOB Classic Credit Card

Apply for the best credit card of Indian Overseas Bank

Last updated:10-Aug-2024
IOB Classic Credit Card
  • Best suitable for: Lifetime Free card
  • Joining Fee: ₹ Lifetime Free + GST
  • Annual Fee: ₹ Lifetime Free + GST
  • Welcome Benefits: Not Aplicable
Iob Classic Credit Card

IOB Classic Credit Card: Fees & Charges

Type of fee or charge Amount (Rs.)
Joining Fee:₹ Lifetime Free
Annual/Renewal Fee:₹ Lifetime Free
Finance Charges:2.50% p.m. / 30% on annualized basis
Spend Based Waiver:Lifetime Free
Over Limit Penalty:Once Card limit is exhausted Rs.100/- will be charged as over limit fee.
Rent Payment chargesNULL
Forex Charges:2.5% of the transaction value
Minimum Repayment Amount:10% of Total outstanding + All charges/fees/taxes + EMI
Cheque Return Fees:300/- per returned cheque
Late Payment Charges:If card member fails to pay at least the minimum dues, Late Fee of Rs.100/- will be charged after 3 days from the due date

IOB Classic Credit Card: Eligibility & Documentation


1. Aadhaar card, Passport, PAN card as your Identity proof
2. Any Utility bill, Passport, or Voter ID as your address proof
3. Salary slips, bank statements, or IT returns as your income proof

IOB Classic Credit Card: Cash Advance and Charges

Cash Advance or Withdrwan Fee: 2.25% (Min. INR 22.50 for every 1000/-) of the cash amount
Cash Advance Withdrwan Limit: Upto 40% of the card limit
Cash Payment at Bank Branch: NIL

Card replacement fee: Rs 100 + GST

Rewards Redemption Fee: NIL

Domestic lounge:

International Lounge:

Fuel Surcharge:Not Applicaple on this card

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