All cards / Indian Overseas Bank
Indian Overseas Bank
Indian Overseas Bank RuPay Classic Credit Card
RuPay
Indian Overseas Bank RuPay Classic Credit Card
IOB's most basic RuPay card, sitting below its Gold, Platinum, Select, Signature, and Visa Classic/Platinum lineup, meant for first-time cardholders.
Annual fee
₹0
Joining fee
₹0
Reward type
points
Base reward rate
0.17%
Card network
RuPay
Card tier
Entry
Who this card fits
Best suited to applicants with a credit score of roughly 700+ whose spend is concentrated in fuel. It's a lifetime-free card with no fee to track.
Rewards & benefits
- Rewards rate: 0.17% base rate
- Domestic lounge access: Not offered on this entry-level variant
- International lounge access: Not offered
Benefits by category
- ⛽ Fuel
1% fuel surcharge waiver at all fuel stations on transactions between ₹400 and ₹5,000, capped at ₹250 per billing cycle
- 🌍 Forex / international spend
2.5% forex markup on international transactions
Eligibility
- Minimum credit score: 700
- Minimum monthly income: ₹15,000
- Employment: salaried, self-employed
- Age: 21–65
Fees & charges
- Rewards redemption fee: Not disclosed by IOB
- Foreign currency markup: 2.5%
- Fuel surcharge waiver: 1% fuel surcharge waiver at all fuel stations on transactions between ₹400 and ₹5,000, capped at ₹250 per billing cycle
- Cash advance charges: 2.25% of the withdrawal amount (₹22.50 per ₹1,000)
Benefits
- 1% fuel surcharge waiver at all fuel stations on transactions between ₹400 and ₹5,000, capped at ₹250 per billing cycle
Pros
- + No joining fee
- + Fuel surcharge waiver
- + Simple, low-commitment entry card
Cons
- − Very basic reward earning
- − No lounge or lifestyle perks
- − Outclassed by IOB's own higher-tier cards