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Indian Overseas Bank
Indian Overseas Bank Visa Classic Credit Card
Visa
Indian Overseas Bank Visa Classic Credit Card
IOB's genuinely lifetime-free, entry-level Visa card with modest credit limits (₹10,000–₹50,000) and a low reward rate — a basic first-credit-card option rather than a rewards card.
Rates and fees last verified 14 September 2026.
Annual fee
₹0
Joining fee
₹0
Reward type
points
Base reward rate
0.67%
Card network
Visa
Card tier
Entry
Eligibility
- Minimum credit score: 700
- Minimum monthly income: ₹10,000
- Employment: salaried, self-employed
Benefits
- Credit limit of ₹10,000–₹50,000; cash withdrawal up to 40% of credit limit
- EMI conversion facility; up to 4 supplementary add-on cards
Pros
- + Lifetime free — no joining or annual fee
- + Low forex markup at 2.5%
- + Easy approval for existing IOB customers
Cons
- − Low reward rate (1 point per ₹150 spent)
- − Low credit limits
- − No lounge access or category bonuses
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.