IOB RuPay Classic Credit Card
Indian Overseas Bank · Open to apply
IOB's basic, fee-free RuPay card for limits up to ₹50,000: 1 reward point per ₹150 (₹0.25 a point, about 0.17%), no lounge access.
- Annual fee
- Lifetime free
- Joining fee
- None
- Base rate
- 1 reward point per ₹150 on POS and online purchases of ₹100 or more: 1 IOB Reward Points per ₹150 (about 0.17% at cash value)
- Lounges
- None on record
- Forex markup
- 2.5%
- Data
- From bank documents, checked 6 Nov 2026
Where the sources disagree
- fuel surcharge waiver: The MITC states a 1% fuel surcharge waiver (₹400 to ₹5,000, up to ₹250 a cycle) without naming variants; the credit card page shows it only for RuPay Platinum and Select and a dash for Classic. The MITC, the more specific document, is used, as for the Visa Classic and Gold cards, so Classic gets the waiver here.
Terms the calculator does not value
- The variant (Classic, Platinum or Select) is set by the credit limit IOB assigns, not chosen by the applicant.
Sources
- IOB credit cards Most Important Terms and Conditions (print code 5298_06/26) (Most important terms (MITC), the bank's own, read 6 Nov 2026)
- IOB credit cards page, RuPay card features (Product page, the bank's own, read 6 Nov 2026)
- IOB FAQs on RuPay credit cards (FAQ, the bank's own, read 6 Nov 2026)