IOB Rupay Platinum Credit Card

Apply for the best credit card of Indian Overseas Bank

Last updated:28-Dec-24 Writen by Narendra User Profile
IOB Rupay Platinum Credit Card
  • Best suitable for: Rupay
  • Joining Fee: ₹ NIL + GST
  • Annual Fee: ₹ 250+GST + GST
  • Welcome Benefits: Not Aplicable
IOB Rupay Platinum Credit Card

IOB Rupay Platinum Credit Card: Fees & Charges

Type of fee or charge Amount (Rs.)
Joining Fee:₹ NIL
Annual/Renewal Fee:₹ 250+GST
Finance Charges:2.50% p.m. / 30% on annualized basis
Spend Based Waiver:If annual spends on card is Rs 1,00,000/ or above in the preceding year
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:5% 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 Rupay Platinum Credit Card: Eligibility & Documentation

Eligibility:-
The applicant should be more than 21 years of age. There should be enough income sources to meet the credit requirement
The applicant must be an Indian citizen and valid address proof

Documentation:- Aadhaar card, Passport, PAN card as your Identity proof
Any Utility bill, Passport, or Voter ID as your address proof
Salary slips, bank statements, or IT returns as your income proof

IOB Rupay Platinum 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 Rupay Platinum 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

Domestic lounge: NA

International Lounge: NA

Fuel Surcharge:Not Applicaple on this card

FAQ of IOB Rupay Platinum Credit Card

Q1. What is the annual fee of IOB Rupay Platinum Credit Card?
The Annual fees of IOB Rupay Platinum Credit Card is 250+GST. And there is Joining fees is free.

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

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

Q4. What is the credit limit of IOB Rupay Platinum Credit Card?
The credit limit for the IOB Rupay Platinum 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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