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CreditCard

Last Updated on: 24/03/2025

CreditCard

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❱ Features of Rupay Credit Card

Rupay Credit Card Features

Rupay Classic Rupay Platinum Rupay Select

RuPay Classic is the Basic Variant of IOB RuPay Credit Card. It has a Minimum Credit Limit of Rs. 10000/- and Maximum Credit Limit of Rs. 50000/- for Public and Rs. 59000/- for Staff.

RuPay Platinum is the Premium Variant of IOB RuPay Credit Card. It has the Minimum Credit Limit of Rs. 60,000/- for Staff and Public and Maximum Credit Limit of Less than Rs. 150000/- for Staff and Less than Rs. 200000/- for Public.

RuPay Select is the Super-premium Variant of IOB RuPay Credit Card. It has the Minimum Credit Limit of Rs. 150000/- for Staff and Rs. 200000/- for Public and Maximum Credit Limit of Rs. 500000/- for Staff and Public.
Features: Features: Features:
  • Loyalty and Reward Points
  • Loyalty and Reward Points
  • Loyalty and Reward Points

One Reward Point Shall be Provided for Every Rs. 150/- Spent on RuPay Classic Credit Cards. Each Point will have a Value of Rs. 0.25. Minimum 500 Reward Points are Required for Redemption. Customer can Redeem the Reward Points for Various Merchandise, Gift Card, Travel, Entertainment, Recharge, DTH etc. Before the Expiry of Reward Point.

One Reward Point Shall be Provided for Every Rs. 100/- Spent on RuPay Platinum Credit Cards. Each Point will have a Value of Rs. 0.25. Minimum 750 Reward Points are Required for Redemption. Customer can Redeem the Reward Points for Various Merchandise, Gift Card, Travel, Entertainment, Recharge, DTH etc. Before the Expiry of Reward Point.

One Reward Point Shall be Provided for Every Rs. 100/- Spent on RuPay Platinum Credit Cards. Each Point will have a Value of Rs. 0.25. Minimum 1000 Reward Ppoints are Required for Redemption. Customer can Redeem the Reward Points for Various Merchandise, Gift Card, Travel, Entertainment, Recharge, DTH etc. Before the Expiry of Reward Point.
  • EMI Facility
  • EMI Facility
  • EMI Facility

Cardholder Can Convert Their Transaction in EMI as per the Details Provided below.

Cardholder Can Convert Their Transaction in EMI as per the Details Provided below.

Cardholder Can Convert Their Transaction in EMI as per the Details Provided below.
  • Merchant Offers
  • Merchant Offers
  • Merchant Offers

Cardholder Shall Receive Various Merchant Offers Through Card Network from Time to Time.

Cardholder Shall receive various merchant Offers Through Card network from Time to Time.

Cardholder Shall receive various merchant Offers Through Card network from Ttime to Time.

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  • Airport Lounge Facility
  • Airport Lounge Facility

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IOB RuPay Platinum Cardholder is Eligible for 1 Domestic Lounge Access per Quarter and 1 International Lounge Access per Calendar Year.

IOB RuPay Select Cardholder is Eligible for 2 Domestic Lounge Access per Quarter and 2 International Lounge Access per Calendar Year.

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  • Fuel Surcharge Waiver
  • Fuel Surcharge Waiver

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1% Fuel Surcharge Waiver at All Fuel Stations Across India on Transactions Between Rs. 400/- and Rs. 5000/- The Waiver Shall be Capped at Rs. 250/- per Billing Cycle.

1% Fuel Surcharge Waiver at All Fuel Stations Across India on Transactions Between Rs. 400/- and Rs. 5000/- The Waiver Shall be Capped at Rs. 250/- per Billing Cycle.

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  • Personal Accident Insurance
  • Personal Accident Insurance

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Cardholder is Eligible for Personal Accident Insurance Cover of Rs. 2 Lakhs Provided by NPCI.

Cardholder is Eligible for Personal Accident Insurance Cover of Rs. 10 lakhs Provided by NPCI.

Proposed Terms of EMI Option on IOB Credit Card:

Credit Card EMI Interest Rate

13%, 15% & 17% based on EMI Tenure

  • 13% for 3 & 6 EMI

  • 15% for 9 & 12 EMI

  • 17% for 18 & 24 EMI

Processing Fee

Nil

Pre-closure Charges

3% (Minimum 100 and Maximum 1000 and Applicable GST)

Cancelation of EMI Charges

NIL (If Cancelled within 15 Days)

Minimum Transaction Amount for EMI Conversion

INR 3000/-

Range of Tenure Option

3, 6, 9, 12, 18 & 24 Months

❱ Features of VISA Credit Card

IOB VISA PLATINUM - Mid Premium Variant IOB VISA SIGNATURE - Super Premium Variant
visa platinum visa signature
  • Card Limit: Rs. 51,000/- – Rs. 2,70,000/-

  • Our Bank has launched VISA Platinum as our Mid Premium variant of VISA credit cards in affiliation with Visa International.

  • Attractive Reward Points from Nth Rewards; 1% Flat Cash Bank on selected transactions on Platinum variant

  • In built VISA services like Discount on Luxury Airport Transfer, on Airport Immigration Services, on Car Rental, EMI Facility, Emergency Card Replacement, Emergency Cash Disbursement.

  • Discount on online Education merchants like Coursera, edX, Udemy; 8% off on booking on Hotel.com

  • Platinum AMC Rs 250+GST; If total annual spending from the card exceeds INR 60,000, then the AMC is waived off.
  • Card Limit Rs. 2,70,001/- Rs. 5,00,000/-

  • Our Bank has launched VISA Signature as our Super Premium variant of VISA credit cards in affiliation with Visa International

  • Attractive Reward Points from Nth Rewards

  • In built VISA services like Discount on Airport Immigration Services, on Car Rental, 24*7 Concierge Services, Access to Golf Services, Emergency Card Replacement, Emergency Cash Disbursement

  • 50% discount up to Rs 300 on minimum booking of 2 movie tickets on BookMyShow

  • VISA also provides host of offers through its website periodically for Signature cards. All offers on VISA Platinum available on VISA Signature as well

  • Signature AMC Rs 750+GST; If total annual spending from the card exceeds INR 1,00,000, then the AMC is waived off

Personal Accident Insurance Cover

Personal Accident Insurance Cover

✔ Personal Accidental Insurance coverage with maximum coverage of Rs. 10 lakh

✔ Personal Accidental Insurance coverage with maximum coverage of Rs. 10 lakh
Features of IOB Classic Credit Card Features of IOB Gold Credit Card
2
*Applicable only for existing Card holders		 2
*Applicable only for existing Card holders
  • Limit Rs. 10,000/- to Rs. 50,000/-

  • Daily transaction limit 100% of Card Limit or available balance for POS & E-Com transactions.

  • Daily Cash Withdrawal limit 40% of Card limit or available balance in card whichever is less.

  • Interest free purchase available from 20 days to 50 days depending upon the date of purchase.

  • IOB Credit Card awards cash back of Rs. 0.20 per point for every Rs. 100/- spent. The same is adjusted towards the monthly outstanding at the time of generation of bill.

  • Lower rate of interest: 30% p.a. (Annualized).

  • Baggage Insurance: Rs. 25000/-

  • Purchase Protection: Rs. 25000/-
  • Limit Rs. 60,000/- to Rs. 5,00,000/-

  • Daily transaction limit 100% of Card Limit or available balance for POS & E-Com transactions.

  • Daily Cash Withdrawal limit 40% of Card limit or available balance in card whichever is less.

  • Interest free purchase available from 20 days to 50 days depending upon the date of purchase.

  • IOB Credit Card awards cash back of Rs. 0.20 per point for every Rs. 100/- spent. The same is adjusted towards the monthly outstanding at the time of generation of bill.

  • Lower rate of interest: 30% p.a. (Annualized).

  • Baggage Insurance: Rs. 25000/-

  • Purchase Protection: Rs. 25000/-

Personal Accident Insurance Cover

Personal Accident Insurance Cover

✔ Personal Accident - Death Due to Air Crash

i) Self - 4.00 Lakh

ii) Spouse - 2.00 Lakh

✔ Personal Accident - Death Due to Road / Rail

i) Self - 2.00 Lakh

ii) Spouse - 1.00 Lakh

✔ Personal Accident - Death Due to Air Crash

i) Self - 4.00 Lakh

ii) Spouse - 2.00 Lakh

✔ Personal Accident - Death Due to Road / Rail

i) Self - 2.00 Lakh

ii) Spouse - 1.00 Lakh

Individuals

  • For issue of Credit Card to individuals, the Net Monthly Income and the Credit bureau (Credit Information Company) score is the main criterion.

  • The Bank will follow rule based underwriting model based on the type of applicant i.e. Salaried, Self-employed and Bank’s housing loan customers.

  • Bank will verify the applicants credit history, employment stability, Business stability, Bank statement, De dupe check, Field investigation wherever necessary and existing credit card and other debt obligation.

  • Minimum take home income norm of 50% shall be followed for the assessment of the credit limit. For Bank’s existing housing loan customer, the minimum take home income norms shall be aligned with the existing housing loan scheme availed by the customer.

  • The card limit shall be fixed based on the net monthly income and the bureau (CIC) score of the applicant. Higher the bureau score higher will be the limit.

  • Minimum monthly income of Rs.15000/- (Rupees fifteen thousand only) per month or above for salaried applicant and minimum Gross annual income of 300,000/- (Rupees three lakhs) or above for the self-employed applicant is required to apply for credit card.

  • Persons not having Income Proof, can avail Secured Credit Card against Security of Term Deposit, where the Credit Limit is 90% of the Principal Amount of the term deposit.

  • Satisfactory past credit history, financial dealings and credit worthiness of the applicant have to be ensured.

  • For Non customers – Satisfactory Credit worthiness has to be ensured and KYC norms i.e., proper identification and address proof, to be complied with.

  • Applicants with satisfactory credit Information report from Credit Information Company with a CIBIL score of 700 and above or equivalent are eligible for IOB International Credit Card. All other parameters and data related to past track record of the applicant will be taken into account to assess the credit worthiness of applicant.

  • Persons not having CIBIL score of 700 and above, can avail Secured Credit Card against Security of Term Deposit, where the Credit Limit is 90% of the of the Principal Amount.

  • PAN (Permanent Account Number), Mobile number and email id of the applicant should be obtained.

NRI Nationals

  • Applicant should be an Indian Passport holder. The applicant should give an undertaking to the Bank that if he/ she ceases to be an Indian Passport holder, he/she will surrender the card to the Bank without fail. PAN number is mandatory.

  • The applicant should maintain an NRE/ NRO account with our Bank.

  • The Settlement of Credit Card dues and charges should be to the debit of NRE/ NRO account.

  • Besides giving their overseas address, local address in India should necessarily be provided.

  • In case of NRIs, the cash withdrawal limit is fixed at 40 % of the Card limit. If withdrawal is in other than INR, the limit will be equivalent value of 40% of the card limit in that currency.

Interest Rate: 30% per Annum (Annuualised)

Billing Cycle:

Billing Cycle Billing Date Pay by Date (Due Date)

21st of A Month to 20th of Succeeding Month

20th of every Month

10th or 9th of Subsequent Month

Schedule of Charges -  (Click here)

Customer Care (Toll Free): 1800 890 4445

Credit Card Call Center: 044-28519573/9574/9575

Credit Card Division: 044 2851-9518

E-Mail: creditcard[at]iobnet[dot]co[dot]in

Credit Card Customer Portal (Rupay & VISA Cards)