IOB VISA Platinum Credit Card
Indian Overseas Bank · Open to apply
IOB's mid-premium Visa card: 1 reward point per ₹100 (₹0.25 a point, so 0.25%), Visa's built-in travel and education-site discounts, and a ₹250 annual fee waived on ₹60,000 of yearly spend.
- Annual fee
- ₹250 + GST a year
- Joining fee
- None
- Fee waiver
- Annual fee waived on ₹60,000 spend per card year
- Base rate
- 1 reward point per ₹100 on POS and online purchases of ₹100 or more: 1 IOB Reward Points per ₹100 (about 0.25% at cash value)
- Lounges
- None on record
- Forex markup
- 2.5%
- Data
- From bank documents, checked 6 Nov 2026
Terms the calculator does not value
- The page advertises "1% Flat Cash Bank on selected transactions on Platinum variant" without saying which transactions; it is not entered. The 1 point per ₹100 rate is the FAQ's.
- The variant (Visa Platinum or Signature) 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, Visa card features (Product page, the bank's own, read 6 Nov 2026)
- IOB FAQs on RuPay credit cards (its reward answer names Platinum, Signature and Select) (FAQ, the bank's own, read 6 Nov 2026)