IOB RuPay Select Credit Card

Best suited to applicants with a credit score of roughly 700+ whose spend is concentrated in travel, fuel. Its annual fee waives if you can comfortably clear the spend threshold.

• Rewards rate: 0.25% base rate
• Domestic lounge access: 2 complimentary domestic airport lounge visits per quarter (8 per year) via RuPay Select's lounge program
• International lounge access: 2 complimentary international lounge visits per calendar year via RuPay Select
• Insurance benefits: Personal accident insurance cover of ₹10 lakh, under NPCI's standard RuPay Select cover

• ✈️ Travel

  2 complimentary domestic airport lounge visits per quarter and 2 international lounge visits per calendar year

• 🛡️ Insurance

  Personal accident insurance cover of ₹10 lakh (NPCI)

• ⛽ Fuel

  1% fuel surcharge waiver, capped at ₹250 per billing cycle

• 🌍 Forex / international spend

  2.5% forex markup on international transactions

• Minimum credit score: 700
• Minimum monthly income: ₹15,000
• Employment: salaried, self-employed

• Spend-based waiver: Waived on annual spend of ₹1,00,000
• Rewards redemption fee: Not disclosed by IOB
• Foreign currency markup: 2.5%
• Interest rate: 30% p.a.
• Fuel surcharge waiver: 1% fuel surcharge waiver 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)

• 2 complimentary domestic airport lounge visits per quarter and 2 international lounge visits per calendar year
• 1% fuel surcharge waiver, capped at ₹250 per billing cycle
• Personal accident insurance cover of ₹10 lakh (NPCI)