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Lifetime FreeLast updated: 3 October 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
0.5 points per ₹100 spent
Standard RuPay Platinum rewards structure. No specific cashback or lounge access mentioned in public reviews for this specific IOB variant.
The privileges that come bundled in, beyond the reward points.
Lifetime free
No fuel surcharge waiver mentioned
Standard RuPay network benefits
An honest read on where this card earns its keep — and where it doesn't.
Lifetime free
RuPay network acceptance
No lounge access
Standard rewards rate
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 Platinum 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 Platinum Credit Card.
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Everything you need to know about IOB RuPay Platinum Credit Card fees, reward conversion, lounge access, and application eligibility.
Yes, IOB RuPay Platinum 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 Platinum Credit Card earns Points at a primary rate of 0.5 points per ₹100 spent. Specifically, Standard RuPay Platinum rewards structure. No specific cashback or lounge access mentioned in public reviews for this specific IOB variant.. Spends in Shopping, Lifestyle categories provide the maximum valueback per transaction on this card.
Yes, because IOB RuPay Platinum 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 Platinum 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 Platinum Credit Card levies a forex markup fee of 2% of transaction value 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 Platinum Credit Card currently features a welcome offer: "Lifetime free with no joining fee". 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 Lifetime free and RuPay network acceptance. However, keep in mind that No lounge access and Standard rewards rate. Overall, IOB RuPay Platinum Credit Card delivers strong value if your regular spending aligns with Shopping, Lifestyle.
IOB RuPay Platinum Credit Card is focused on Shopping and Lifestyle 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 Platinum 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. (No fuel surcharge waiver mentioned). The monthly waiver is subject to a cap, and GST charged on the surcharge is non-refundable.
You can apply for IOB RuPay Platinum 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.
