All cards / Indian Overseas Bank
Indian Overseas Bank
IOB RuPay Select Credit Card
RuPay
IOB RuPay Select Credit Card
IOB's top RuPay tier doubles the lounge access and insurance cover of the Platinum variant for a modest ₹500+GST fee, but the reward economics remain basic and premium lifestyle perks (concierge, milestone bonuses) are absent.
Rates and fees last verified 19 July 2026.
Annual fee
₹500
Joining fee
₹0
Reward type
points
Base reward rate
0.25%
Card network
RuPay
Card tier
Premium
Eligibility
- Minimum credit score: 700
- Minimum monthly income: ₹15,000
- Employment: salaried, self-employed
Benefits
- 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)
Pros
- + Strong lounge access (2 domestic/quarter, 2 international/year)
- + ₹10 lakh personal accident cover
- + No joining fee
Cons
- − Flat, low base reward rate
- − No milestone or welcome bonus disclosed
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.