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Indian Overseas Bank
IOB RuPay Platinum Credit Card
RuPay
IOB RuPay Platinum Credit Card
A no-joining-fee RuPay card with a low ₹250+GST annual fee (waived on ₹1L annual spend) that punches above its cost with domestic and one international lounge visit a year, though the flat 0.25% reward rate is unremarkable.
Rates and fees last verified 19 July 2026.
Annual fee
₹250
Joining fee
₹0
Reward type
points
Base reward rate
0.25%
Card network
RuPay
Card tier
Mid
Eligibility
- Minimum credit score: 700
- Minimum monthly income: ₹15,000
- Employment: salaried, self-employed
Benefits
- 1 complimentary domestic airport lounge visit per quarter and 1 international lounge visit per calendar year
- 1% fuel surcharge waiver, capped at ₹250 per billing cycle
- Personal accident insurance cover of ₹2 lakh (NPCI)
Pros
- + No joining fee
- + Fee waived on modest ₹1L annual spend
- + Includes lounge access and personal accident cover
Cons
- − Flat, low reward rate (~0.25%)
- − No category-specific bonus rewards
Applying takes you to Indian Overseas Bank's site. We may earn a commission if you're approved — see our disclaimer. Final terms and approval are solely at the issuer's discretion.