IOB Rupay Classic Credit Card
Apply for the best credit card of Indian Overseas Bank
Welcome Benefits
- Not Aplicable
IOB Rupay 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 charges | NULL |
| Forex Charges: | 3.49% of the transaction value |
| Minimum Repayment Amount: | 5% of Total outstanding (Min. Rs. 100) + All charges/fees/taxes + EMI |
| Cheque Return Fees: | 2% of Total Amount Due or Minimum of 500 whichever is higher |
Eligibility criteria
Age: Applicants should be at least 21 years old.
Income: A stable annual income is essential, typically a net monthly income of 20,000/- 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
Document Requirements
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
Other Information
Frequently Asked Questions
What is the annual fee of IOB Rupay Classic Credit Card?
The IOB Rupay Classic Credit Card offers lifetime-free annual fees. The joining fee is also free for life!
What is the interest rate on the IOB Rupay Classic Credit Card?
The IOB Rupay Classic Credit Card has an interest rate of 2.50% p.m. / 30% on annualized basis
Are there foreign transaction fees on the IOB Rupay Classic Credit Card?
Yes, The IOB Rupay Classic Credit Card charges a 2.5% fee for all transactions in foreign currency .
What is the credit limit of IOB Rupay Classic Credit Card?
The credit limit for the IOB Rupay Classic 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.
Card other Details
IOB Rupay Classic Credit Card Credit Limit: Up to ₹10 Lakh