All cards / Indian Overseas Bank
IOB Visa Signature Credit Card
IOB's premium Visa card adds concierge and movie-ticket perks, but the bank does not publicly disclose the underlying 'Nth Rewards' point-earning rates, making it hard to compare economics against rivals.
Annual fee
₹750
Joining fee
₹0
Reward type
points
Base reward rate
0%
Card network
Visa
Card tier
Premium
Who this card fits
Best suited to applicants with a credit score of roughly 700+ whose spend is concentrated in travel. Its annual fee waives if you can comfortably clear the spend threshold.
Rewards & benefits
- Movie & dining: 50% discount, up to ₹300, on a minimum booking of 2 movie tickets on BookMyShow
- Rewards rate: 0% base rate
- Insurance benefits: Personal accident insurance cover of up to ₹10 lakh
Benefits by category
- 🛡️ Insurance
Personal accident insurance cover up to ₹10 lakh
- 🌍 Forex / international spend
2.5% forex markup on international transactions
Eligibility
- Minimum credit score: 700
- Minimum monthly income: ₹15,000
- Employment: salaried, self-employed
Fees & charges
- 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 at all fuel stations 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)
Benefits
- 24x7 concierge services
- 50% discount up to ₹300 on minimum booking of 2 movie tickets on BookMyShow
- Personal accident insurance cover up to ₹10 lakh
Pros
- + 24x7 concierge access
- + ₹10 lakh personal accident cover
- + Movie ticket discount on BookMyShow
Cons
- − Reward earn rate not transparently disclosed
- − No lounge access details published