IB-VISA-Gold
Keep₹0 to get, ₹250 to keep — and ₹50,000 of spend a year makes even that disappear.
a year at ₹40,000 a month, after the fee
Skip the arithmetic — the board, ranked → · nothing to sign up for
What it's worth to you, after the fee
Priced on the everyday mix — 30% groceries · 10% utilities · 20% travel · 6% fuel · 34% everything else — with this card's published category rules applied. Plus milestones, minus the fee. No accelerator credit — the ranking model on /compare adds ~20% of spend at the card's best accelerator, so its ₹ for this card reads higher.
How these numbers are computed — and why the rankings show a bigger one →
Spend tiers, milestones and fee waivers included, at our house ₹/point. Portal and category multipliers can push higher — run your exact number →
Pays for itself at ₹3,000 a month
At ₹3,000 a month — ₹36,000 a year — on the everyday mix this card returns ₹400 gross (earn ₹400) against its ₹250 fee = ₹100 net — the first rung at or above ₹0. The ladder runs in ₹1,000 steps to ₹1,00,000 a month and ₹10,000 steps to ₹5,00,000; figures are rounded to the hundred, and the accelerator is never credited.
3 notes on the card itself: how it is issued · the network variants · why it ranks #638
Why #638 The waiver bar is ₹50,000 a year and the card pays 1% — so it clears its own ₹250 fee at ₹25,000 of spend and stops charging it entirely at ₹50,000. Below that it is a worse Bharat; above it, a cheaper Platinum.
The take
Gold is the middle of Indian Bank's Visa range and the first rung that costs anything, which makes the arithmetic the whole story. Indian Bank charges no joining fee on any card, waives the annual maintenance charge for the first year outright, and then asks ₹250 a year — unless your previous year's spend cleared ₹50,000, in which case it asks nothing. Set that against a flat 1% credited to the same month's statement and the card pays for its own fee at ₹25,000 of annual spend and escapes it entirely at ₹50,000. There is no scenario in which a person who actually uses this card pays to hold it. The earn is the same across Indian Bank's shelf: ₹1 per ₹100 on ordinary retail, halved to ₹0.50 on rent, utilities, fuel, insurance, jewellery and government payments, and nothing at all on wallet loads, EMI or ATM withdrawals. What Gold buys over Bharat is reach and a bigger limit: this column of the charge schedule carries a working 3% foreign-currency markup where the Bharat and RuPay column reads "NA", and 3% is genuinely under India's 3.5% norm even if it is nowhere near a travel card's 2%. What it costs you against Bharat is a harsher charge sheet — ₹250 late fees against ₹50, ₹250 to replace the card against ₹100 — and a slightly higher purchase rate, 1.99% a month against 1.79%. Both are still roughly half what the market charges. If foreign spend is part of the plan, note that Platinum sits at the same ₹250 fee and the same ₹50,000 waiver while charging 1.66% a month; there is no rupee reason to take Gold over it, only whichever one the branch offers you.
Your renewal — keep, downgrade or cancel
Here is the fee, the spend that clears it, and everything that has moved under this card since you last decided.
Keep, downgrade or cancel
₹250/yr at stake · 5 spend bands
The charge ₹0 joining, then ₹250/yr
The waiver ₹50,000 of spend in the year before renewal — about ₹4,167 a month — and the renewal fee is not charged.
Break-even ₹3,000 a month — ₹36,000 a year — is where this card's value crosses its fee.
At your spend
₹3,000 a year, net of the fee, at ₹3,00,000 of annual spend — this clears the waiver, so no fee is charged
₹6,000 a year, net of the fee, at ₹6,00,000 of annual spend — this clears the waiver, so no fee is charged
₹12,000 a year, net of the fee, at ₹12,00,000 of annual spend — this clears the waiver, so no fee is charged
₹36,000 a year, net of the fee, at ₹36,00,000 of annual spend — this clears the waiver, so no fee is charged
₹60,000 a year, net of the fee, at ₹60,00,000 of annual spend — this clears the waiver, so no fee is charged
Everyday earn plus milestones, minus the fee — the same model as the value panel above, so the two cannot disagree. run your exact spend →
Your copy of this card
You hold this card.
Kept on this device, in your browser. It is never sent to us, never synced, and nothing else on the site reads it yet.
The downgrade
Indian Bank publishes no document naming a card you can step down to, so we name none — an invented product change is a phone call you would waste. That leaves keep or cancel, and the numbers above are the whole of it.
If you call to cancel
What the bank offers to keep you is the one fact this desk cannot compute. We are collecting those reports — dated, and only in aggregate — before publishing any: an offer one reader was made is not one you are owed. Called about this card? Tell us what they offered →
The desk publishes subscribable .ics feeds for the dates it knows — offer deadlines, devaluations, expiry audits. Your renewal date is not one of them: only your statement knows it.
What's good
- No joining fee at all, first year's AMC free, and ₹250 a year after that — waived entirely on ₹50,000 of previous-year spend
- A flat 1% credited to the same month's statement, with no monthly ceiling published
- 1.99% a month on purchases — 23.88% a year, against the 42% most Indian issuers charge
- 3% foreign-currency markup, under India's 3.5% norm, on a column the Bharat and RuPay cards do not get
- Up to 45 days interest-free, on a 20th-to-19th billing cycle with payment due on the 5th
Watch out
- Indian Bank's Platinum costs the same ₹250 with the same ₹50,000 waiver and charges 1.66% a month instead of 1.99% — ask for it first
- The harsher charge column: ₹250 late fee, ₹250 cheque return, ₹250 to replace the card, ₹50 cash-advance fee, against ₹50/₹50/₹100/₹25 on the Bharat and RuPay side
- Rent, utilities, fuel, insurance, jewellery and government spends earn half the headline rate
- No cashback at all on wallet loads, EMI transactions, ATM withdrawals, or UPI transactions below ₹2,000
- Cash withdrawals accrue interest at 2.25% a month (27% a year) from the transaction date, plus a ₹50 fee
- Fuel carries a surcharge of ₹10 or 2.5% of the transaction, whichever is higher — and still earns only the half rate
- No lounge access is stated anywhere on Indian Bank's card page or in its MITC, and none is claimed here
- Online, NFC and international transactions are DISABLED by default — you must switch them on in the card portal
What these points actually fly
No live transfer route takes Statement cashback (₹) into a programme that publishes an award chart. These points buy catalogue and portal redemptions, not award seats — so this page has no flight to show you, and will not invent one.
what the cards that DO reach a chart can fly — 2,196 corridors priced →
What earns, what doesn't
1 sourced rule
Indian Bank's own rewards sheet prices every variant on one cashback table, and government sits in its half-rate row. Only the government row is asserted here.
- Government / tax · reduced ₹0.50 per ₹100 vs ₹1 per ₹100 — Indian Bank halves the cashback on rent, utilities, fuel, insurance, jewellery and government, in the sheet's own row, and credits it in the same billing month. A cut, not a zero, which is more than most of the market pays on a tax challan. No cap is published on the row
Does your spend count toward the fee waiver?
not published — and we say which
₹50,000 a year is the bar that waives the ₹250 fee. A different question from the one above — earning points and counting toward a threshold are separate rules, and issuers write them separately.
Not published. Indian Bank states what the IB-VISA-Gold earns and does not earn, but has not published which spend categories count toward the fee waiver — the ₹50,000 bar. We won't guess it from the earn table or from a sibling card: Axis published three cards' rules on one day and all three lists differed. If you hold this card and have it in writing from the issuer, send us the document and we'll source it.
Lounge access
0 of 793 tracked doors
No lounge access. This card opens exactly 0 of 793 tracked lounge doors — board with the crowd, or find a card that doesn't →
Can you get it?
the route in — no cutoffs published
The cutoffs and the actual route in — not the "apply now" button, the door that opens.
Not confirmed on sale — the issuer still documents this card but we could not confirm it is open to new applications. Treat any application path with care.
Through an Indian Bank branch or the credit-card portal at creditcard.indianbank.bank.in. Indian Bank publishes no income criterion, age band or credit-score floor for any consumer variant — the only number attached to eligibility on its card page is the ₹50,000 annual spend that waives the AMC. Ask what Platinum eligibility looks like before accepting Gold: the fee, the waiver and the earn are identical and Platinum charges a third less interest. A deposit-backed route also exists, against a minimum of ₹25,000 or 90% of a term deposit's face value, with the variant assigned by card limit. After activation, log into the card portal and enable online, NFC and international transactions — Indian Bank ships all three switched off.
Indian Bank publishes no income or age cutoffs for this card. Blank means blank — we don't invent numbers to fill a grid.
per the official Indian Bank MITC — figures marked (community) aren't in the PDF; the issuer won't say · filter the board by what you can get →
The fine print
7 of 7 MITC rows published
What the MITC actually says — the rates, fees and cutoffs the brochure skips.
FEE PROVENANCE - NO TWO-COLUMN TRAP: Indian Bank states the joining fee in PROSE ("No Joining Fee for primary cardholder and add-on cardholder/s") and the recurring charge in a separate numbered list ("AMC Charges"), so there are no columns to invert. The AMC list reads "1st year free, from 2nd year onwards: Rs.250 p.a." - a separate nil joining line beside a real recurring charge, which is our published-nil rule's renewal-only shape, so the card file carries joiningFee 0 + annualFee 250. Waived outright if the previous year's transaction usage exceeded ₹50,000. This card sits in the schedule's FIRST charge column, "VISA Classic, Gold, Platinum, Business, Secure": cash-advance fee ₹50, late fee ₹250, over-limit ₹50, limit enhancement ₹100, cheque return ₹250, card re-issue ₹250, pin mailer ₹50, statement retrieval ₹100, charge-slip retrieval ₹125, balance enquiry ₹35 in India / ₹50 abroad. Indian Bank's Platinum carries the identical fee, waiver and earn at 1.66%/mo, so there is no rupee reason to prefer Gold. Interest-free period 15-45 days on a 20th-to-19th billing cycle with payment due on the 5th; a 5th-of-the-month cycle can be chosen once in the card's life. Surcharges: petrol ₹10 or 2.5% of the transaction, railway tickets ₹10 or 1.80%, whichever is higher. EMI conversion 2% of the converted amount (min ₹199, max ₹1,000) at 18% p.a., with a 3% foreclosure charge. Online, NFC and international transactions are DISABLED by default on every variant per RBI guidance and must be enabled at creditcard.indianbank.bank.in. EARN: Indian Bank's own rewards sheet pays ₹1 cashback per ₹100 spent, credited to the same billing month's statement, halved to ₹0.50 per ₹100 on rent, utilities, fuel, insurance, jewellery and government spends, and nothing at all on wallet loads, EMI, ATM withdrawals or UPI transactions below ₹2,000; no monthly cap is published. NO LOUNGE ACCESS is stated anywhere in the MITC or on the card page, for any variant, and none is tagged.
per the official Indian Bank MITC · reviewed 10 Jul 2026
What's changed for this card
nothing tracked yet — which is itself a fact
No tracked devaluations or changes yet — this card's history starts here.
Verified against Indian Bank's own documents on · the net-annual-value engine, at our house ₹/point
Every document behind this page — 4 of them, each with the day we read it
- official Indian Bank's "Credit Card Features and Benefits" sheet — the per-variant block behind this card: Rs.20,000–99,999 limit, 1.99% a month, 1 point per Rs.100 valued at Re.1, AMC Rs.250 from year two
- official Indian Bank credit-card MITC — no joining fee on any card, AMC ₹250 a year from year two waived on ₹50,000 of spend, the purchase interest rates and the two charge columns
- official Indian Bank's own rewards sheet — ₹1 cashback per ₹100 spent credited to the same month's statement, ₹0.50 per ₹100 on rent, utilities, fuel, insurance, jewellery and government
- official Indian Bank's credit-card page — the variant shelf, the ₹50,000 AMC-waiver threshold and the RBI default-disabled transaction note