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Indian Overseas Bank
Indian Overseas Bank Visa Platinum Credit Card
Visa
Indian Overseas Bank Visa Platinum Credit Card
IOB's mid-premium Visa card charges a modest ₹250+GST annual fee, waivable on ₹60,000 yearly spend, with Visa Concierge and standard travel privileges.
Rates and fees last verified 15 July 2026.
Annual fee
₹295
Joining fee
₹0
Reward type
points
Base reward rate
0.5%
Card network
Visa
Card tier
Mid
Benefits by category
- 🌍 Forex / international spend
3.5% forex markup on international transactions
Eligibility
- Minimum monthly income: ₹25,000
- Employment: salaried, self-employed
Benefits
- Nth Rewards points on every spend
- Visa Concierge for travel and lifestyle assistance
- Discounted car-rental deals and airport-related privileges
Pros
- + Low annual fee with an achievable waiver threshold
- + Visa Concierge and car-rental privileges
- + NRI-friendly (NRE/NRO account holders eligible)
Cons
- − Reward rate and redemption value not clearly disclosed
- − No lounge access mentioned, unlike the bank's RuPay Select/Platinum cards