M16S / Indian Bank / Indian IB VISA Gold Credit Card
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Indian IB VISA Gold Credit Card
The Indian IB VISA Gold Credit Card costs Rs 250 a year, waived if you spend Rs 50,000 in a year. It earns 1 point per Rs 100. The forex markup is 3%. Read from the issuer's own documents on 11 Oct 2026.
- Annual fee
- Rs 250+ GST
- Fee waived at
- Rs 50,000annual spend
- Base return
- —
- Forex markup
- 3%
- Interest
- 1.99%a month
Apply on indianbank.bank.inOpens the bank’s own page.
Fees
| Joining fee | Free |
|---|---|
| Annual fee | Rs 250 |
| Annual spend that waives the fee | Rs 50,000 |
| Fee notes | No joining fee. Year 1 free; Rs 250 a year from year 2, waived if prior-year spend exceeds Rs 50,000. |
Rewards
| Reward currency | Reward Points |
|---|---|
| Base earn | 1 point per Rs 100 |
| Reward notes | Features sheet reads '1 point (Re. 1) per Rs 100 spent'; the wording is ambiguous on whether a point is worth Re 1. base_return_pct left null because the redemption value could not be confirmed (rewards PDF unreadable). |
Travel and perks
| Forex markup | 3% |
|---|---|
| Fuel surcharge waiver | No waiver stated. MITC lists a petrol-pump surcharge of 2.5% of the transaction or Rs 10, whichever is higher. |
| Other freebies | Visa insurance cover per MITC table. Up to 4 add-on cards. |
Charges and eligibility
| Interest per month | 1.99% |
|---|---|
| Late payment fee | Rs 250 (past due more than 3 days) |
| Cash advance fee | Rs 50 per MITC schedule; cash interest 2.25% p.m. from withdrawal date |
| Eligibility | Credit limit band Rs 20,000 to Rs 99,999 |
| Fine-print notes | No joining fee on primary or add-on cards. Statement on the 20th, payment due 15 days later; interest-free period 15 to 45 days, lost if the previous statement is not paid in full. Railway ticket surcharge 1.8% or Rs 10, whichever is higher. EMI conversion fee 2% (min Rs 199, max Rs 1,000), EMI interest 18% p.a., foreclosure 3% of pending principal. The bank's reward-programme PDF is an image scan and could not be read, so point value, expiry and exclusions are unverified. Online and international use is off by default and must be enabled. Purchase APR 23.88% (effective 26.68%). Minimum due 5%. Cash limit 40%. Daily caps: ATM Rs 25,000, POS/e-com Rs 75,000. |
Questions
- What is the annual fee of the Indian IB VISA Gold Credit Card?
- Rs 250 a year, before GST. It is waived if you spend Rs 50,000 in a year.
- What is the forex markup on the Indian IB VISA Gold Credit Card?
- 3% of each foreign-currency transaction, before GST.