Indian Overseas Bank Credit Card Offers

Indian Overseas Bank Credit Card Offers

Indian Overseas Bank credit cards are sought after by customers given their simplicity in terms of fees and charges. The credit cards also offer benefits with tie-ups with merchants. The coupons extended enable the customers to gain discounts at various avenues. This would inturn translate to lower outflow of cash for the customer. IOB offers two credit cards which are designed for a varied set of customers. The credit cards’ features and benefits are aligned to match the lifestyle requirements of customers. They offer a variety of merchant offers and benefits which provide a personalized banking experience. These offers and benefits ensure that the entire shopping experience is pleasant and taken to the next level.

The key features of credit cards offered by IOB are as below –

• Credit cards issued by IOB have international validity and can be used across multiple merchants with whom there are tie-ups of clients
• Credit cards issued by IOB is a valuable substitute for cash or cheque
• IOB has tie-ups with 24 million outlets across worldwide merchants
• Credit cards of IOB is acceptable by over 6.5 Lakh member establishments in India
• Cardholder can earn reward points by using credit cards at point of sale / online platforms
• Credit cards can be used for withdrawing cash as well

Credit cards issued by IOB

The key features and benefits pertaining to IOB credit cards are as mentioned below –

IOB Classic credit card

Credit limits applicable on Classic credit card –

Below is the brief on the credit card limits applicable on classic credit card issued by IOB –

Insurance benefit on Classic credit card –

IOB Gold credit cards

Credit limits applicable on Gold credit card –

Below is the brief on the credit card limits applicable on gold credit card issued by IOB –

Insurance benefit offered on Gold credit card –

Other IOB Credit card offers

IOB – VISA merchant offers many attractive benefits for usage of credit cards at various points of sale and online retail portals. Among the many offers which are launched from time to time, there are few specific offers extended to IOB credit card holders –

Travel and hotel stay

Other categories and benefits extended to IOB credit cards –

How to apply for credit card?

The application for credit card is fairly simple in the case of IOB. They have some basic eligibility criteria (mentioned below) –

If the applicant has the basic eligibility, the aspirant has to merely fill out the credit card application form. This can be availed physically from the branch or the e-form is available on the website. The documents have to be attached. Based on the approvals, the credit card will be issued to the aspirant.

The documents required for credit card include –

• Identity proof - Bank Statement/ Voter Id/ Driving License/ Pension Book
• Address proof - Passport/ Driving License/ Voters ID
• Income proof - Passport/ Driving License/ Voters ID
• Aadhaar Card, PAN Card

The above documents need to be submitted alongside the filled application and passport size photo. Based on eligibility and requirement, the right type of credit card will be extended to the aspirant.

Frequently Asked Questions

1. What are the types of credit cards available with IOB?

IOB offers 2 types of credit cards – Classic card and Gold card

2. What are the various categories for credit card offers?

Travel credit card offers, shopping credit card offers, restaurant credit card offers, online retail credit card offers, merchant and product offer etc., are the various categories under which offers are extended

3. How can the credit card offers be utilized?

Most of the credit card offers are discounts, marked down prices and cashback which automatically are included as part of the billing procedure. Online retail credit card offers come with promocode which has to be keyed in to apply the coupon or discount.

4. Are there insurance benefits extended on credit cards issued by IOB?

Yes, both classic and gold card have insurance benefits extended on credit cards issued by IOB.

About Indian Overseas Bank

Indian Overseas Bank was established in 1937. Indian Overseas Bank is a major Indian public sector bank, it is one of the few banks which has inculcated technology into its system, however, it continues to maintain its traditional banking practices as well. They operate with 1150 branches and 8 overseas offices.