Premium rewards with exclusive lounge access
1 reward point per ₹100 spent
Domestic & international lounge access
1% fuel surcharge waiver
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| Benefit | Details |
|---|---|
| Reward Programme | Earn 1 reward point for every ₹100 spent on eligible transactions, with each point valued at ₹0.25. |
| Airport Lounge Access | Complimentary access to 1 domestic lounge per quarter and 1 international lounge per year. |
| Low Annual Fee | Annual fee of ₹250 + GST from the second year onwards, with no joining fee. |
| Fuel Surcharge Waiver | 1% fuel surcharge waiver on transactions between ₹400 and ₹5,000, with a maximum benefit of ₹250 per billing cycle. |
| Personal Accident Insurance | Coverage of ₹2 lakh offered by NPCI for qualified cardholders. |
| Attribute | Classification |
|---|---|
| Issuer / Provider | Indian Overseas Bank |
| Bank / Non-bank | Public Sector Bank |
| Category | Lifestyle / Rewards |
| Type of Card | RuPay |
| Free or Paid | ₹250 Annually from second year (No joining fee) |
The IOB RuPay Platinum Credit Card is designed for individuals seeking a premium credit card experience with valuable rewards and travel benefits. This card caters to those who appreciate airport lounge access, reward points on everyday spending, and fuel savings. With its competitive annual fee structure and comprehensive insurance coverage, the card offers an attractive proposition for both frequent travellers and regular shoppers looking to maximise value from their credit card usage.
EMI Facility: Cardholders can convert their purchases into easy monthly instalments at competitive interest rates, providing flexibility in managing expenses.
Cash Withdrawal: Access cash from ATMs across the country, with a cash withdrawal limit of 40% of the card limit.
Reward Redemption Options: Accumulated reward points can be redeemed for merchandise, gift cards, travel bookings, entertainment, mobile recharges, DTH services, and more.
Exclusive Merchant Offers: Benefit from special offers and discounts through the RuPay network at partner merchants.
1X Reward Points: Earn 1 reward point for every ₹100 spent on eligible transactions.
Point Valuation: Each reward point is valued at ₹0.25, allowing cardholders to accumulate meaningful rewards over time.
Note: Reward points are earned on eligible transactions only. Certain transaction types such as cash withdrawals, EMI conversions, and fuel transactions may not be eligible for reward points.
Merchandise: Exchange points for products from the rewards catalogue.
Gift Cards: Convert points to gift vouchers from partner brands.
Travel: Use points for booking flights, hotels, and holiday packages.
Entertainment: Redeem points for movie tickets, event bookings, and streaming services.
Utility Payments: Apply points towards mobile recharges and DTH services.
Note: Redemption options and values may vary. Cardholders should check the latest rewards catalogue for available choices and ensure points are redeemed before expiry.
Domestic Lounge: Enjoy complimentary access to 1 domestic airport lounge per quarter at participating airports across India.
International Lounge: Benefit from 1 complimentary international lounge access per calendar year when travelling abroad.
Access Benefits: Lounges offer comfortable seating, complimentary refreshments, Wi-Fi connectivity, and a peaceful environment before flights.
Note: Lounge access is subject to availability and the terms and conditions of the lounge provider. Cardholders should present their IOB RuPay Platinum Credit Card at the lounge reception for access.
1% Waiver: Receive a 1% fuel surcharge waiver on transactions between ₹400 and ₹5,000 at fuel stations across India.
Maximum Benefit: The maximum fuel surcharge waiver is capped at ₹250 per billing cycle.
Coverage: The waiver applies to transactions at all fuel stations across the country that accept RuPay cards.
Coverage Amount: Qualified cardholders are eligible for a personal accident insurance policy of ₹2 lakh offered by NPCI.
Disclaimer: The card features, benefits, application process, and other details mentioned above are accurate at the time of writing but may change without prior notice.
| Fee Type | Amount | Details |
|---|---|---|
| Joining Fee | ₹0 | No joining fee for this card. |
| Annual Fee | ₹250 + GST | Charged from the second year onwards. |
| Add-on Card Fee | ₹0 | No charge for supplementary cards for family members. |
| Interest Rate | 2.50% per month (30% per annum) | Applicable on outstanding balances. |
| Cash Advance Fee | As per bank policy | Fee charged for cash withdrawals from ATMs. |
| Fuel Surcharge | 1% on transactions between ₹400–₹5,000 | Maximum benefit of ₹250 per billing cycle. |
| Foreign Currency Transaction Fee | 2.5% | Applicable on all transactions in foreign currency. |
| Criteria | Details |
|---|---|
Age | Minimum 21 years |
Occupation | Salaried / Self-Employed / Business Owners |
Credit Score | Minimum 750 recommended for better approval chances |
Residency | Must be an Indian resident |
Income | Steady source of income required, verified through income documents |
Other Criteria | Good credit score with no payment defaults, valid PAN card, valid Aadhaar card or government-issued address proof |
| Document Type | Details |
|---|---|
| Identity Proof | PAN Card, Aadhaar Card, Passport, Voter's ID, or Driving Licence |
| Address Proof | Aadhaar Card, Passport, Driving Licence, Utility Bills (not more than 3 months old), Ration Card, or Bank Account Statement |
| Income Proof | Latest salary slips (not more than 3 months old), Form 16, and bank account statements for the last 6 months |
Click on Apply Now: Hit the 'Apply Now' button to start your application.
Fill in Your Detail: Enter your personal, contact, and financial details in the application form.
Upload Required Documents: Upload your PAN Card, Aadhaar/Address Proof, and Income Proof.
Submit Your Application: Review all the details and click Submit.
Approval & Card Delivery: Once approved, your IOB RuPay Platinum Credit Card will be delivered to your registered address.
| Usage Tips | Details |
|---|---|
Maximise Rewards | Use the card for all eligible purchases to accumulate reward points consistently throughout the year. |
Airport Lounge Access | Present your card at participating domestic and international airport lounges to enjoy complimentary access. |
Fuel Savings | Fill petrol or diesel at fuel stations using your card to avail the 1% surcharge waiver benefit. |
EMI Conversion | Convert high-value purchases into easy EMIs at competitive interest rates for better financial management. |
Track Spending | Monitor your transactions and reward points through the IOB Mobile app or internet banking portal. |
Bill Payments | Use the card for utility bill payments and other recurring expenses to earn reward points. |
Set Up Alerts | Enable SMS transaction alerts to stay informed about card activity and prevent unauthorised usage. |
The IOB RuPay Platinum Credit Card is designed for users who want to maximize their credit card benefits effectively.
Disclaimer: The information provided on this page has been gathered from various reliable sources and is intended solely for general informational purposes. As details may change over time, we do not guarantee the accuracy or completeness of the content. Users are advised to verify the information with official or relevant sources before making any decisions or taking action.