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Explore cards from India's leading banks.
Last 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 on eligible transactions
Points can be redeemed for air miles, gift vouchers, or statement credit. 1 point is typically valued at ₹1 or equivalent in miles depending on redemption partner.
The privileges that come bundled in, beyond the reward points.
Complimentary airport lounge access (subject to spend criteria)
Discounts on dining and entertainment
No hidden charges on domestic transactions
24/7 customer support
An honest read on where this card earns its keep — and where it doesn't.
Low annual fee
Standard Visa Platinum benefits
No joining fee
Limited reward rate compared to premium cards
Lounge access requires minimum spend
Everything the issuer can bill you for, in one place.
Applied only when the situation arises
Charged on any balance you carry forward
Fee waiver: most issuers waive the renewal fee once your yearly spends cross a set threshold. Confirm the exact criteria with Indian Overseas Bank before you apply.
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 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.
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Everything you need to know about IOB Visa Platinum Credit Card fees, reward conversion, lounge access, and application eligibility.
IOB Visa Platinum Credit Card has an annual fee of ₹500 plus 18% GST. Most cardholders can get subsequent annual renewal fees waived by reaching the bank's annual milestone spend threshold. Additionally, the initial fee is often offset by welcome privileges like "No specific introductory offer published; standard welcome benefits apply upon activation.".
IOB Visa Platinum Credit Card earns Points at a primary rate of 1 point per ₹100 spent on eligible transactions. Specifically, Points can be redeemed for air miles, gift vouchers, or statement credit. 1 point is typically valued at ₹1 or equivalent in miles depending on redemption partner.. Spends in Travel, Lifestyle, Dining categories provide the maximum valueback per transaction on this card.
Yes, IOB Visa Platinum Credit Card features complimentary airport lounge privileges. Privileges include: "Complimentary airport lounge access (subject to spend criteria)". Note that banks frequently require a minimum spend (typically ₹35,000 to ₹50,000) in the previous calendar quarter to unlock complimentary lounge access.
A CIBIL credit score of 700 or above is strongly recommended for approval of IOB Visa 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 Visa Platinum 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 Platinum 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 Visa Platinum Credit Card currently features a welcome offer: "No specific introductory offer published; standard welcome benefits apply upon activation.". 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 Low annual fee and Standard Visa Platinum benefits. However, keep in mind that Limited reward rate compared to premium cards and Lounge access requires minimum spend. Overall, IOB Visa Platinum Credit Card delivers strong value if your regular spending aligns with Travel, Lifestyle, Dining.
You can apply for IOB Visa 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.
