Indian Overseas Bank Credit Card

Indian Overseas Bank is one of those unique banks in India that has found the right balance between traditional banking and the new-age banking using technology, IOB has a wide footprint all over India with over 1150 physical branches and 8 overseas offices. IOB offers a wide variety of unique financial products including loans, accounts and deposits for individuals, corporates and SMEs.

IOB offers two credit cards for the customers, each card is carefully designed to offer the best features. Choose a IOB Credit card that matches your lifestyle and open up a whole new world of personalized banking experience, exclusive offers and other range of benefits that will elevate your shopping experience.

Why Choose IOB Credit Cards?

IOB Credit Cards come loaded with a line of benefits that are specially designed to make the purchase experience of customer more delightful and rewarding, Cardholders will earn reward points for every transaction that they make. IOB Credit Cards are valid internationally and is accepted at over a million merchant establishments. Cardholders are offered up to 4 add-on cards for their family members. Indian Overseas Bank customers can choose between IOB Gold Credit Card and IOB Classic Credit Card.

Features and Benefits of Indian Overseas Bank Credit Card

The features and benefits that accompany IOB credit cards are many. Given below are some of the advantages that makes IOB Credit Cards, a very popular product amongst all Indians.

1. International Acceptance: IOB Credit Cards are accepted at over 1, 18, 000 member establishments for the purchase of services and goods all over the world. IOB Credit Cards will act as as valuable substitute for cheque or cash.
2. Security with SMS Alerts: For every transaction that the customer makes using IOB Credit Cards, he will get SMS alerts which will help the customer to track the expenses easily and also be aware of the transaction details.
3. Hassle Free Credit Card Payments: IOB Credit Cardholders can make credit card payments easily through IOB Net Banking site. You need not worry about missing the payment due date and paying penalty, which internet payment options, you can easily pay your credit card bills from the comfort of your home.
4. ATM Cash Withdrawal: Cardholders can use their IOB Credit Card to withdraw cash from the ATMs and also use the card for transactions at merchant PoS.
5. Supplementary Credit Cards: If you are benefiting from IOB Credit Cards, you can introduce the comfort of cashless transactions to your family members also by getting them an add-on card. Cardholders can get up to four supplementary cards in addition to the primary card.
6. Flexible Payment Benefit: IOB Credit Cardholders can enjoy the advantage of flexible payment option. By availing this feature, they have to pay only the minimum amount instead of the total due amount.
7. Exciting Rewards Scheme: For every e-commerce and merchant Point of Sale transactions that the customers make using IOB Credit Card, reward points are credited to the customer's account. This system makes every purchase more rewarding for the cardholder.

Charges and Interest

The fees and charges for Indian Overseas Bank Credit Cards are as follows.

Fees and charges for IOB credit cards are subject to frequent change. Do enquire with the Indian Overseas Bank about the prevailing rates before making a transaction with your credit card.

IOB Credit Card Rewards

For every purchase that the customer makes using an Indian Overseas Bank Credit card, they are offered reward points. The reward points will be directly credited to the cardholder's account and the customer can use it to purchase an item that he wants or convert it to cash. The terms and conditions of credit card reward points scheme is subject to change, do enquire with IOB to know more about the current reward scheme.

Eligibility

To be able to apply for an IOB Credit Card, a customer must satisfy the following eligibility criteria.

1. The applicant must be an Indian resident and must be over 18 years of age.
2. The credit card applicant must have a steady income from a good source. The same will be verified through the income documents and salary slips submitted by the customer.
3. The customer must have a good CIBIL score and must not have defaulted on any payments concerned with IOB or any other bank.

Indian Overseas Bank Credit Card Documents Required

A customer has to submit the documents given below to complete the application procedure for IOB credit cards.

1. Duly filled application form for the credit card of your choice, affixed with photographs.
2. ID Proof - Any one of the following documents
   1. Passport
   2. Aadhar card
   3. Driver's licence
   4. Voter's ID
3. Address proof - Any one of the following documents
   1. Telephone bill
   2. Electricity Bill
   3. Passport
   4. Election card
   5. Aadhar Card
4. Proof of Income
5. Form 16
6. Last 3 months' salary slip
7. Latest IT Returns
8. Last 3 months' bank statement

List of IOB Credit Cards

Here's a list of credit cards offered by Indian Overseas Bank.

1. Indian Overseas Bank IOB Classic Credit Card: IOB Classic Credit Card is specially crafted to people who are looking for a card that offers sheer banking convenience with exclusive offers & privileges. For people who love to shop, travel and make merry, IOB Classic Credit Card is the best bet. With credit limits up to Rs. 5 lakhs, this card will definitely enhance your purchase power. What more, the cardholder can get up to four supplementary cards and also introduce their family to the enticing world of shopping and purchase privileges.
2. Indian Overseas Bank IOB Gold Credit Card: If you are tired of having to carry your cash wherever you go and waiting in line to get that change, IOB Gold Credit Card will give you freedom from all that hassles. This credit card is accepted and recognized globally and can be used at over a million merchant establishments across the globe. IOB Gold Credit Card comes with affordable interest rates and charges. Cardholders can make their purchase experience more delightful with the reward point scheme.

*Note: All the rates are subject to change, therefore, customers are required to keep on checking the rates from time to time.

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