M16S / Indian Overseas Bank / Indian Overseas IOB VISA Gold Credit Card
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Indian Overseas IOB VISA Gold Credit Card
The Indian Overseas IOB VISA Gold Credit Card charges no annual fee and no joining fee. Its base return is 0.2% (Bankbazaar states Rs 0.20 back per Rs 100 spent). The forex markup is 2.5%. Read from the issuer's documents and an aggregator on 11 Oct 2026.
- Annual fee
- Free
- Fee waived at
- —
- Base return
- 0.2%
- Forex markup
- 2.5%
- Interest
- 2.5%a month
Apply on iob.bank.inOpens the bank’s own page.
Fees
| Joining fee | Free |
|---|---|
| Annual fee | Free |
| Fee notes | Joining, annual and supplementary card fees nil per MITC. Paisabazaar mentions Rs 100 for a photo card. |
Rewards
| Reward currency | Reward Points |
|---|---|
| Base earnunverified | Bankbazaar states Rs 0.20 back per Rs 100 spent |
| Base returnunverified | 0.2% |
| Reward notes | base_return_pct taken directly from bankbazaar's 'Rs 0.20 per Rs 100'; not stated in the MITC. |
Travel and perks
| Forex markup | 2.5% |
|---|---|
| Fuel surcharge waiver | 1% waiver on transactions of Rs 400 to Rs 5,000, capped at Rs 250 per billing cycle |
| Other freebiesunverified | Per aggregators: air crash cover Rs 10 lakh (self) / Rs 2 lakh (spouse); road/rail Rs 2 lakh / Rs 1 lakh; baggage and purchase protection Rs 25,000 each. |
Charges and eligibility
| Interest per month | 2.5% |
|---|---|
| Late payment fee | Rs 100 if minimum due is not paid within 3 days after the due date |
| Cash advance fee | 2.25% (Rs 22.50 per Rs 1,000) plus finance charges from withdrawal date |
| Eligibilityunverified | Aggregator: limit Rs 60,000 to Rs 5 lakh |
| Fine-print notes | MITC: finance charge 2.50% p.m. (30% p.a.), monthly compounding from transaction date; over-limit fee Rs 100; minimum due 10% of billed amount (min Rs 100); interest-free period 20 to 50 days; cash limit 40% and gold purchase limit 50% of card limit; card replacement Rs 100 + GST; up to four add-on cards, free. The bank's credit card product and FAQ pages render no body text to the fetch tool, so rewards, lounge and insurance come from aggregators. Aggregators: EMI at 13% (3/6 months), 15% (9/12), 17% (18/24) with nil processing fee on transactions of Rs 3,000+. |
Questions
- What is the annual fee of the Indian Overseas IOB VISA Gold Credit Card?
- No annual fee.
- What is the forex markup on the Indian Overseas IOB VISA Gold Credit Card?
- 2.5% of each foreign-currency transaction, before GST.