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Lifetime FreeLast updated: 13 September 2026
Free to apply via CardsGuruji · subject to issuer approval
What you earn on every spend, and the ways you can cash it in.
You earn
1 point per ₹100 spent (standard IOB scheme)
Points can be redeemed for merchandise, gift cards, travel, entertainment, recharge, DTH, and more. Points expire after 12 months.
The privileges that come bundled in, beyond the reward points.
Lifetime free card
Reward points on all purchases
Fuel surcharge waiver at select stations
Accepted at over 1.18 million merchant establishments
An honest read on where this card earns its keep — and where it doesn't.
No annual fee
No joining fee
Fuel surcharge waiver
Reward points on all spends
Lower credit limit (Max ₹50,000 for public)
No lounge access
Limited international acceptance compared to Visa/Mastercard
Everything the issuer can bill you for, in one place.
Applied only when the situation arises
Charged on any balance you carry forward
Issuer-stated requirements and CardsGuruji guidance are shown separately.
Note: A displayed score is editorial guidance only unless separately identified as an issuer-stated requirement.
See how IOB RuPay Classic Credit Card stacks up against competing cards on reward rates, annual charges, and milestone perks.
Use our customizable comparison tool to benchmark fees, lounge access, and rewards.
Stay informed with recent credit card news, policy updates, and expert guides for IOB RuPay Classic Credit Card.
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Everything you need to know about IOB RuPay Classic Credit Card fees, reward conversion, lounge access, and application eligibility.
Yes, IOB RuPay Classic Credit Card is issued as a Lifetime Free (LTF) credit card with ₹0 joining fee and ₹0 annual renewal fee. Cardholders do not need to hit an annual spend target to waive the fee. Standard GST is only applicable on interest or fee-based services if incurred.
IOB RuPay Classic Credit Card earns Reward Points at a primary rate of 1 point per ₹100 spent (standard IOB scheme). Specifically, Points can be redeemed for merchandise, gift cards, travel, entertainment, recharge, DTH, and more. Points expire after 12 months.. Spends in Shopping, Lifestyle, Fuel categories provide the maximum valueback per transaction on this card.
Yes, because IOB RuPay Classic Credit Card is on the RuPay network, you can link it directly to any UPI application including Google Pay, PhonePe, Paytm, and BHIM. This allows you to scan merchant QR codes at local stores and pay from your credit card account while earning reward points.
A CIBIL credit score of 700 or above is strongly recommended for approval of IOB RuPay Classic Credit Card. Applicants should be Indian residents aged 21 to 65 years with a stable monthly income (salaried or self-employed with ITR) and no recent payment defaults or high credit utilization over 30%.
IOB RuPay Classic Credit Card levies a forex markup fee of 3.5% + GST on transactions processed in foreign currencies. For cross-border shopping and overseas travel, remember that standard 18% GST applies on the markup charge.
IOB RuPay Classic Credit Card currently features a welcome offer: "No joining fee or annual fee; lifetime free card". To claim this joining perk, cardholders typically need to activate the card and complete a qualifying initial transaction within 30 to 60 days of card issuance.
Key highlights include No annual fee and No joining fee. However, keep in mind that Lower credit limit (Max ₹50,000 for public) and No lounge access. Overall, IOB RuPay Classic Credit Card delivers strong value if your regular spending aligns with Shopping, Lifestyle, Fuel.
IOB RuPay Classic Credit Card is focused on Shopping and Lifestyle and Fuel valueback and does not include unconditional complimentary airport lounge visits as a core benefit. If lounge access is a deciding factor for your travels, consider pairing this with a dedicated premium travel credit card.
Yes, IOB RuPay Classic Credit Card includes a 1% fuel surcharge waiver for fuel spends typically between ₹400 and ₹4,000 at all government and private fuel stations in India. (Fuel surcharge waiver at select stations). The monthly waiver is subject to a cap, and GST charged on the surcharge is non-refundable.
You can apply for IOB RuPay Classic Credit Card directly through Indian Overseas Bank's official website or digital portal. Essential documents include your PAN card, Aadhaar card for video KYC, proof of address, and recent income documentation (3 months' salary slips or latest ITR with computation). Decisions are typically communicated within 2 to 4 working days.
