IOB Gold Credit Card

Apply for the best credit card of Indian Overseas Bank

Last updated:28-Dec-24 Writen by Narendra User Profile
IOB Gold Credit Card
  • Best suitable for: Lifetime Free card
  • Joining Fee: ₹ Lifetime Free + GST
  • Annual Fee: ₹ Lifetime Free + GST
  • Welcome Benefits: Not Aplicable
Iob Gold Credit Card

IOB Gold 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 Gold Credit Card: Eligibility & Documentation

Eligibility:-
Age: Applicants should be at least 21 years old.
Income: A stable annual income is essential, typically a net monthly income of 25,000/- or more and Self-employed individuals may need to show higher income proof
Credit Score: A good CIBIL score, ideally between 750 and 900, can significantly boost approval chances
The applicant must be an Indian citizen and valid address proof

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 Gold 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

IOB Gold Credit Card: Customer care and helpline

Customer care : 1800 425 7744
Email Address : [email protected]
Mailing Address: Indian Overseas Bank Central Office 763 Anna Salai Chennai, Tamil Nadu - 600002

Card replacement fee: Rs 100 + GST

Rewards Redemption Fee: NIL

Domestic lounge:

International Lounge:

Fuel Surcharge:Not Applicaple on this card

FAQ of IOB Gold Credit Card

Q1. What is the annual fee of IOB Gold Credit Card?
The IOB Gold Credit Card offers lifetime-free annual fees. The joining fee is also free for life!

Q2. What is the interest rate on the IOB Gold Credit Card?
The IOB Gold Credit Card has an interest rate of 2.50% p.m. / 30% on annualized basis

Q3. Are there foreign transaction fees on the IOB Gold Credit Card?
Yes, The IOB Gold Credit Card charges a 2.5% fee for all transactions in foreign currency .

Q4. What is the credit limit of IOB Gold Credit Card?
The credit limit for the IOB Gold Credit Card is based on multiple factors, such as your income, repaying capacity, and credit history. Indian Overseas Bank does not specify a fixed credit limit for this card. It will communicate to you time of issuance of card. Indian Overseas Bank offer Pre-approved Credit Limit to existing card holder. So if you are eligible by few step you can increase your credit limit.

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