Indian Overseas Credit Cards

Top Indian Overseas Credit Cards 

Name

Annual Fee

Category

Minimum Income Required

Indian Overseas Gold Credit Card  No Fees Shopping, lifestyle Need a Stable Income Source
Indian Overseas Classic Credit Card  No Fees Shopping, lifestyle Need a Stable Income Source

Credit Cards Types of Credit Cards offered by Indian Overseas

Indian Overseas Bank provides credit cards under one category. Indian Overseas Credit cards come under the following category.

Lifestyle Credit Cards from Indian Overseas

The customers can use these cards to pay the expenses for shopping, dining, travelling, etc. Each card offers many different benefits and advantages too.

Apply for an Indian Overseas Gold Credit card

Indian overseas bank Credit Cards

Apply for an Indian Overseas Classic Credit Card

Indian Overseas Credit Cards

Indian Overseas Credit Cards Eligibility 

The eligibility criteria required for Indian Overseas Credit Cards are as follows:

  • The minimum age of the applicant should be 18 years.
  • The maximum age of the applicant should be 60 years.
  • The applicant must have a stable source of income.
  • The applicant should be a resident of India.

Indian Overseas Bank Credit Card Fees and Charges

The table given below shows the fees and charges associated with Indian Overseas Bank Credit Card:

Fee/Charge Amount/Rate
Annual Fee Nil (for the non-photo card)
Rs. 100 for photo card
Card Replacement Fee Rs. 100
Duplicate Statement Fee Rs. 50
Original Charge Slip Fee Rs. 300
Late Fee Rs. 100
Finance Charges (on revolving credit) 24% per annum
Cash Advance Fee Rs. 22.50 per Rs. 1,000/- or part thereof
Interest Rate on Cash Advance 24% p.a. from withdrawal date till settlement date
Cash Withdrawal Charges from other bank ATMs Rs. 100/- per withdrawal
Rs. 20/- per balance enquiry
Foreign Exchange Mark-up Fee 2.50%

Indian Overseas Credit Cards Documents Required

While applying for a credit card, the applicant needs to submit some documents to the bank to support your application. The bank will thus verify these documents and will issue the credit card. The below table shows the documents which are required for Indian Overseas Credit Cards.

Address Proof

Identity Proof

Income Proof

  • Aadhaar card
  • Driver’s License
  • Passport
  • Ration Card
  • job card issued by NREGA
  • PAN Card
  • Aadhaar card
  • Driver’s License
  • Passport
  • Voter’s ID
  • Latest one or 2 salary slip (not more than 3 months old)
  •  Form 16
  • Last 3 months’ bank statement
  • Audited financials for the last two years (for self-employed)

Indian Overseas Bank Credit Card Offers

Credit cards have been ingrained in our culture. In the market for various forms of credit cards, we are spoiled for options. With so many credit card deals available, it has become a popular method of financial transaction payment. One can take advantage of a variety of credit card benefits. It is quickly becoming a valuable financial asset in our lives.

The majority of major credit card companies have partnerships with luxury brands, merchandise partners, exclusive dining, travel & hotel privileges, movie tickets, and cashback. Credit cards extend credit and thereby assist us in managing our financial needs in the interim.

Indian Overseas Bank Credit Card Rewards

Customers are given reward points for every transaction they make with an Indian Overseas Bank credit card. The reward points will be credited directly to the cardholder’s account, and the customer will be able to use them to buy an item or convert them to cash. The credit card reward points scheme’s terms and conditions are subject to change; contact IOB for more information on the new reward scheme.

Why Choose Indian Overseas Bank Credit Cards?

IOB Credit Cards come with a slew of perks that are tailored to make customers’ shopping experiences more enjoyable and satisfying. Cardholders can receive reward points for every transaction they make. IOB Credit Cards are accepted in over a million merchant establishments around the world. Up to four additional cards for family members are available to cardholders. Customers of Indian Overseas Bank have the option of choosing between the IOB Gold Credit Card and the IOB Classic Credit Card.

Indian Overseas Credit Card Customer Care Service

The contact details of IOB Customer Care are mentioned below. You can contact the bank for any credit card related complaint or query. Dial 18004257744 (Toll-Free)

Contact Dialabank at 9878981166 for an easier application process.

How to check Indian Overseas Bank Credit Card Status?

The IOB has launched a simple process to monitor your credit card application status online to make the banking process easier. To search the IOB credit card application online, follow the steps below.

You should go to the bank’s official website. You can go to the bank’s credit card site. You can check the status of your credit card application by entering your application reference number, application form number, telephone number, or date of birth.

Indian Overseas Credit Cards – How to apply

You have online mode as well as offline mode available to apply for a credit card. Thus the customer can choose any mode comfortable for them. More details about the application process are given below.

How to apply offline?

Offline mode of application is available for the customers to apply for a credit card. The customer can visit the bank branch personally and submit the application.

  • Visit Dialabank  website.
  • There is a simple form given on the top of the page.
  • Fill the details like name, contact number, salary, etc in the form.
  • Click on the request quote.
  • Wait for some time, our representative will get in touch with you and will provide you with more details and offers.
  • Get a credit card from the bank.

You may get our guidance and help throughout the process of application. Also, you can get the best offers and options with Dialabank.

How to apply Online?

You can also apply for a credit card by visiting the bank branch. What you have to do is,

  • Find the nearest Indian Overseas Bank branch from google.
  • Visit the bank Branch
  • Get more information about the credit cards from the officers.
  • Apply for the credit card.
  • Submit the required documents and get the credit card.

Detailed Features and Benefits of Indian Oversea Credit Cards

Given below is the details about the Credit cards offered by Indian Overseas bank, features, and benefits. Find more from the tables.

Indian Overseas Gold Credit Card 

Indian Overseas Gold Credit Card
Key Highlights Indian Overseas Gold credit card can be used anywhere across the globe – it has 24 million outlets across the globe and 6,50,000 outlets in India.
Joining Fee NO fees (100 rupees for a photo card)
Renewal Fee  No fees
Joining Bonus NIL
Suitable for  pay the expenses for shopping, dining, traveling, etc.
Features and benefit
  • Customers can withdraw the cash as well as use the card for  PoS/Ecom.
  • Option for 4 add on cards
  • Flexible payment – they have to pay the total due amount. They can pay a minimum amount.
  • Reward points for every e-commerce and merchant Point of Sale transactions.
  • Highest card security with the SMS alerts on every credit card transactions
  • Insurance benefits

Indian Overseas Classic Credit Card

Indian Overseas Classic Credit Card
Key Highlights  This card is internationally accepted – it has 24 million outlets across the globe and 6,50,000 outlets in India.
Joining Fee  No Fees (100 rupees if it is a photo-card)
Renewal Fee No fees
Joining Bonus
  • 20% off on Swiggy orders above 400 rupees
  • 5% discount on Amazon spends of rupees 1,000 or above
Suitable for  pay the expenses for shopping, dining, traveling, etc.
Features and benefit
  • Customers can withdraw the cash as well as use the card for  PoS/Ecom.
  • Option for 4 add on cards
  • Flexible payment – they have to pay the total due amount. They can pay a minimum amount.
  • Reward points for every e-commerce and merchant Point of Sale transactions.
  • Highest card security with the SMS alerts on every credit card transactions
  • Various insurance benefits

Terms and conditions may apply for redeeming the reward points the customer has earned.

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FAQs on IOB Credit Card

How long is the interest-free period on IOB Credit Cards?

The interest-free period provided is up to 50 days.

What is the foreign exchange mark-up fee?

When you use your IOB credit card in a foreign country, this fee is applicable to the transaction amount. For IOB cards, the rate is 2.50%.

How many add-on cards can I have on my IOB Credit Card?

You can have a maximum number of 4 add-on credit cards.

What is the charge for a photo card?

Indian Overseas Bank offers the facility of customizing your credit card with a photo. If you choose a photo card, you will have to pay an issuance fee of Rs.100.

Are IOB credit cardholders offered any insurance benefits?

Insurance for / Member Primary Cardholder Spouse
Personal accident insurance covering death due to Air Crash Rs. 10 lacs for IOB Gold Credit Cardholders Rs. 4 lacs for IOB Classic Credit Cardholders Rs. 2 lacs for both IOB Gold and IOB Classic Credit Card
Personal accident insurance covering death due to road/rail Rs. 2 lacs Rs. 1 lacs
Baggage Insurance Rs. 0.25 lacs
Purchase Protection Rs. 0.25 lacs

Are there any transaction limits for IOB Credit Cards?

Purchase at Jewelry shops 50% of Credit Limit
Per day Ceiling Cash through ATM Rs 15,000 /- for IOB Classic Credit Card Rs 25, 000 /- for IOB Gold Credit Card
Cash Withdrawal 40% of Credit Limit
All transactions 50% of the Credit limit

News for Indian Overseas Bank

E&Y has been appointed as a digital consultant by the Indian Overseas Bank.

(IOB) has hired Ernst & Young as a technology consultant to help them reach their target of growing the percentage of people who use digital services. The consultant was hired as part of IOB’s growth plan and to digitalize its banking services, according to the company. The consultant will assist the bank is focusing on leveraging and integrating emerging technology while also assisting in improving the quality of service and distribution to its customers.

The Indian Overseas Bank has launched a digital platform for retail loans.

On digital platforms, Indian Overseas Bank has announced the launch of retail loans (home loan, personal loan, and clean loan). Partha Pratim Sengupta, Managing Director and CEO of Indian Overseas Bank, presided over the event, which was also attended by Executive Directors A. K. Srivastava and Srimathy S. The loans are now available on the bank’s website, through internet banking, and through the mobile banking app. Customers of IOB can apply for these loans via the bank’s website, mobile banking, or internet banking, whereas non-customers can only apply via the bank’s website.

In May, the Indian Overseas Bank will hold an EGM to allocate preferential shares to the government.

The meeting will consider and vote on a resolution to build, bid, and allow up to 246,54,23,932 Rs 10 shares for cash at an issue price of Rs 16.63 per equity share, plus a premium of Rs 6.63, for a total value of Rs 4,100 crore on a preferential basis to the Government of India, according to the statement. According to the lender, there is an ever-increasing need to collect capital in order to meet BASEL III capital adequacy criteria.

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