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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
Points are valid for 24 months. 1 point is typically redeemable for ₹1 value via statement credit or gift vouchers. No lounge access included.
The privileges that come bundled in, beyond the reward points.
No annual fee
1 point per ₹100 spend
Fuel surcharge waiver on select fuel stations
Dining offers via partner platforms
An honest read on where this card earns its keep — and where it doesn't.
Lifetime free (no annual fee)
Simple rewards structure
Low reward earning rate (1 pt/₹100)
No lounge access or premium benefits
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 Visa 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.
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Everything you need to know about IOB Visa Classic Credit Card fees, reward conversion, lounge access, and application eligibility.
Yes, IOB Visa 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 Visa Classic Credit Card earns Points at a primary rate of 1 point per ₹100 spent. Specifically, Points are valid for 24 months. 1 point is typically redeemable for ₹1 value via statement credit or gift vouchers. No lounge access included.. Spends in Shopping, Lifestyle, Dining, Fuel categories provide the maximum valueback per transaction on this card.
A CIBIL credit score of 700 or above is strongly recommended for approval of IOB Visa 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 Visa Classic Credit Card is issued on the Visa network with worldwide acceptance at over 30 million merchant establishments and online portals. International transactions, contactless tap-to-pay (up to ₹5,000 without PIN), and tokenized payments are supported once enabled in your banking app.
IOB Visa Classic Credit Card levies a forex markup fee of 2.5% + 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 Visa Classic Credit Card currently features a welcome offer: "No specific introductory offer published; standard rewards apply from first transaction.". 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 (no annual fee) and Simple rewards structure. However, keep in mind that Low reward earning rate (1 pt/₹100) and No lounge access or premium benefits. Overall, IOB Visa Classic Credit Card delivers strong value if your regular spending aligns with Shopping, Lifestyle, Dining, Fuel.
IOB Visa Classic Credit Card is focused on Shopping and Lifestyle and Dining 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 Visa 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 on select fuel stations). The monthly waiver is subject to a cap, and GST charged on the surcharge is non-refundable.
You can apply for IOB Visa 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.
