IOB VISA Platinum Credit Card
KeepIOB prices this card and then declines to say what it earns.
no published earn rate to price
Skip the arithmetic — the board, ranked → · nothing to sign up for
What it's worth to you, after the fee
Not valued. We can't value this card until the issuer publishes how it earns — every net-value number here would be a fee subtracted from rewards nobody has described. Everything we can source — the fee, the charges, the migration that put this card in your hand — is above and stands on its own; this card is simply not on the board, not in the calculator, and cannot win a best-of call until Indian Overseas Bank publishes terms we can cite.
Why we decline to value some cards, and what it takes to change that →
3 notes on the card itself: how it is issued · the network variants · why it ranks #247
Why #247 Carried, not ranked. IOB prices the card — ₹250 + GST, waived at ₹60,000 — but publishes no reward rate for it at all: "Attractive Reward Points from Nth Rewards" with no rate, and a "1% Flat Cash Back on selected transactions" whose selected transactions are never listed. We do not invent an earn rate to fill a cell.
The take
Indian Overseas Bank issues on its own licence, and its Visa range is the half of the shelf the bank has stopped documenting. The fee is clear enough: ₹250 plus GST a year, waived outright if you put ₹60,000 through the card, which almost anyone carrying it will. The credit limit band is published too — ₹51,000 to ₹2,70,000 — and IOB calls this its "Mid Premium Variant". What the bank will not tell you is what a rupee of spend earns. The page promises "Attractive Reward Points from Nth Rewards" without a single accrual rate, and a "1% Flat Cash Back on selected transactions" without ever naming a selected transaction. Neither the MITC nor the fee schedule closes the gap; the MITC's fee table does not even list this card. So we carry it and we do not rank it, because ranking it would mean guessing. What IS documented is the surrounding furniture: a bundle of Visa Platinum services (discounted luxury airport transfer, airport immigration, car rental, emergency card replacement and emergency cash), discounts at Coursera, edX and Udemy, 8% off Hotels.com, ₹10 lakh of personal accident cover, and a 2.50% foreign currency fee that is a full percentage point under the Indian norm. There is no lounge access on this variant — IOB grants lounge visits only on RuPay Platinum and RuPay Select, and it says so in its own words. Worth holding if IOB already banks you and the fee waives. Not worth chasing until the bank publishes a rate.
Your renewal — keep, downgrade or cancel
There is no renewal arithmetic to run on this card yet — and a break-even we cannot source is not one we will print.
the whole desk — what changed, the downgrade, and what we cannot price →
Keep, downgrade or cancel
what we can and cannot price
Not valued. We can't value this card until the issuer publishes how it earns — every net-value number here would be a fee subtracted from rewards nobody has described. A break-even is the spend at which value crosses a fee, and we are short one side of that sentence — so this desk prints no ladder, no crossing and no ₹0 standing in for either. What we can source about this card is under Sources.
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 Overseas 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 we cannot price either side 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
- ₹250 + GST a year, waived once annual spend passes ₹60,000
- Foreign currency fee 2.50% — a point below India's 3.5% norm
- Visa Platinum services: discounted luxury airport transfer, airport immigration, car rental, emergency card replacement and emergency cash disbursement
- Discounts at Coursera, edX and Udemy, and 8% off bookings on Hotels.com
- Personal accident insurance cover of up to ₹10 lakh
- 1% fuel-surcharge waiver on transactions of ₹400–₹5,000, capped at ₹250 a billing cycle
- Published credit-limit band of ₹51,000–₹2,70,000
Watch out
- IOB publishes NO reward rate for this card — 'Attractive Reward Points from Nth Rewards' with no accrual figure anywhere
- The '1% Flat Cash Back on selected transactions' never says which transactions are selected
- This card is absent from the MITC's own joining/annual fee table, which covers only the VISA Classic, VISA GOLD and RuPay variants
- No lounge access — IOB grants lounge visits only on its RuPay Platinum and RuPay Select variants
- Interest is 2.50% a month, 30% a year, and it compounds monthly
- Late payment is a flat ₹100, charged 3 days after the due date
- Cash advances cost 2.25% (₹22.50 per ₹1,000) and start accruing interest from the withdrawal date
What these points actually fly
Indian Overseas Bank has not published what this card earns, so there are no points here to fly with — not zero points, and not points that go nowhere: nothing stated either way. The moment a benefit sheet exists we will price whatever it names.
what the cards that DO reach a chart can fly — 2,196 corridors priced →
Does your spend count toward the fee waiver?
not published — and we say which
₹60,000 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 Overseas Bank states what the IOB VISA Platinum Credit Card earns, but has not published which spend categories count toward the fee waiver — the ₹60,000 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?
income, age and the route in
The cutoffs and the actual route in — not the "apply now" button, the door that opens.
Direct application — no invite list, no banking relationship required.
Branch-and-portal sold by Indian Overseas Bank, which issues on its own licence. IOB publishes its income floor: ₹15,000 a month net for a salaried applicant, or ₹3,00,000 of gross annual income if self-employed, with a CIBIL score of 700 or above for the international card. Applicants below either bar can take a secured card against a term deposit, with a limit of 90% of the principal. The card's limit band is ₹51,000 to ₹2,70,000, set on net monthly income and bureau score.
per the official Indian Overseas 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
6 of 7 MITC rows published
What the MITC actually says — the rates, fees and cutoffs the brochure skips.
AMC ₹250 + GST, waived if annual spend exceeds ₹60,000 — from IOB's product page, because the MITC's own §2(a) fee table does NOT list the Visa Platinum or Visa Signature variants at all. It prices only VISA Classic (NIL/NIL), VISA GOLD (NIL/NIL), RuPay Classic (NIL/NIL), RuPay Platinum (NIL joining, ₹250+GST annual, reversal at ₹1,00,000) and RuPay Select (NIL joining, ₹500+GST annual, reversal at ₹1,00,000). Do not merge the RuPay Platinum row into this card: same ₹250, different waiver bar, different card. IOB publishes NO reward rate for its Visa variants — "Attractive Reward Points from Nth Rewards" and "1% Flat Cash Bank on selected transactions on Platinum variant", neither with a figure — which is why this card is carried without a valued earn rate. Fuel-surcharge waiver 1% on transactions of ₹400–₹5,000, maximum ₹250 per billing cycle; the MITC states it card-agnostically while the product page leaves the RuPay Classic column blank, and the two documents are not reconciled. Card replacement ₹100 + GST, PIN replacement NIL, interest-free period 20–50 days, minimum due 10% of billed transactions plus interest and charges subject to a ₹100 floor. NO lounge access: IOB grants lounge visits only on RuPay Platinum and RuPay Select. Credit-limit band ₹51,000–₹2,70,000. CIBIL 700+ for the international card; applicants below the income or bureau bar are offered a secured card at 90% of a term deposit.
per the official Indian Overseas 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 Overseas Bank's own documents on
Not published , and we will not invent it: the earn rate and the currency it earns.
Every document behind this page — 2 of them, each with the day we read it
- official IOB Credit Cards — "Platinum AMC Rs 250+GST; If total annual spending from the card exceeds INR 60,000, then the AMC is waived off", plus the Visa services and limit band
- official IOB Most Important Terms and Conditions — forex 2.50%, interest 2.50%/month (30% a year), fuel-surcharge waiver 1% on ₹400–₹5,000 capped at ₹250 a billing cycle