IOB VISA Gold Credit Card
Indian Overseas Bank · Closed to new applicants
IOB's older fee-free Visa Gold card, now for existing holders only: points worth ₹0.20 for every ₹100 spent, adjusted against the bill (0.2%), and accident, baggage and purchase cover.
- Annual fee
- Lifetime free
- Joining fee
- None
- Base rate
- 1 point (₹0.20) per ₹100 spent: 1 IOB Reward Points per ₹100 (about 0.2% at cash value)
- Lounges
- None on record
- Forex markup
- 2.5%
- Data
- From bank documents, checked 6 Nov 2026
Where the sources disagree
- reward rate: The credit card page's Classic and Gold box gives "cash back of Rs. 0.20 per point for every Rs. 100/- spent", adjusted against the bill; the RuPay FAQ says "One Reward Point for every Rs. 150/- spent on Classic and Gold Cards", each worth ₹0.25, on POS and online transactions of ₹100 or more. The card-specific box is used (0.2% against 0.17%).
- air accident cover: The credit card page shows the same cover for Classic and Gold (₹4 lakh for the cardholder on an air crash); IOB's older Visa FAQ (PDF) gives Gold ₹10 lakh for the cardholder and ₹2 lakh for the spouse. The page is used.
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, Classic and Gold 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)
- IOB frequently asked questions on credit cards (Visa, older PDF) (FAQ, the bank's own, read 6 Nov 2026)