IOB VISA Signature Credit Card
IOB's top Visa card for credit limits above ₹2.7 lakh up to ₹5 lakh: no joining fee, ₹750 a year (waived on ₹1 lakh of annual spend), one reward point per ₹100 valued at ₹0.25, with Visa concierge and golf services. Every figure below is copied from Indian Overseas Bank’s own documents; open a figure’s source link to read it there. Official terms last checked 2026-10-21.
Not on record from an official document: the list of spends that earn no reward. CardWise does not estimate these.
Fees and charges
| Joining fee | Nil MITC |
|---|---|
| Annual fee | ₹750 plus GST MITC |
| Annual fee waiver | On ₹1,00,000 of spend in the year Product page |
| GST on fees | 18% |
| Foreign-currency markup | 2.5% of the transaction, plus GST MITC |
Rewards
Reward points, ₹0.25 each when redeemed as stated Terms.
| Spend | Earns | Cap |
|---|---|---|
| All spends: 1 reward point per ₹100 | 1 point per ₹100 Terms | no cap on record |
IOB's FAQ gives one reward point per ₹100 spent on Signature cards; the card page says the points come from Nth Rewards.
Benefits
- Lounges: none on record
- Fuel: 1% fuel surcharge waived on fills of ₹400 to ₹5,000, up to ₹250 a billing cycle MITC
Also on this card
Quoted from Indian Overseas Bank; not counted in the net value.
- 1 reward point for every ₹100 spent (IOB FAQ), each point worth ₹0.25 Terms
- 50% off up to ₹300 on two or more movie tickets on BookMyShow Product page
- Visa 24x7 concierge and golf services Product page
- Personal accident insurance cover of up to ₹10 lakh Product page
Eligibility
- Salaried or self-employed Product page
- Salaried: monthly income of ₹15,000 or more Product page
- Self-employed: gross annual income of ₹3 lakh or more Product page
The issuer publishes only part of its criteria; approval rests on its own assessment.
Not published by Indian Overseas Bank in the documents read
- the spends that earn no reward points
- a welcome benefit
- lounge access
- an age limit
Where Indian Overseas Bank’s documents differ, and what is used
- Availability: the card page and the MITC describe VISA Platinum and Signature as launched variants with their own fees, but IOB's RuPay FAQ says the cards issued at present are RuPay Classic, Platinum and Select, and its general FAQ names only Visa Classic and Gold (which the card page marks as for existing cardholders only).
The quotes behind the figures
21 figures, each copied from an official Indian Overseas Bank document.
Show every quote and source
“VISA Signature NIL 750+GST NIL Rs 1,00,000/-”
“i) GST on charges: Currently 18% GST is applicable (as per GOI) on charges applied by bank.”
“Signature AMC Rs 750+GST; If total annual spending from the card exceeds INR 1,00,000, then the AMC is waived off”
“c) Forex Conversion Fee: 2.50% on international transactions.”
“Each point will have a value of Rs. 0.25.”
“One Reward Point for every Rs. 100/- spent on Platinum, Signature and Select Cards.”
“Points will be given for Transactions value of Rs. 100 and above made in POS/E-Com.”
“You can apply for an IOB credit card online through the bank's website ( www.iob.in ) by navigating to Cards > Credit Card > Apply Online, or by visiting the nearest IOB branch.”
“At present the following types of cards are issued by IOB i. RuPay Classic Credit Cards ii. RuPay Platinum Credit Cards iii. RuPay Select Credit Cards.”
“Card Limit Rs. 2,70,001/- Rs. 5,00,000/-”
“Applicants with satisfactory credit Information report from Credit Information Company with a CIBIL score of 700 and above or equivalent are eligible for IOB International Credit Card.”
“Persons not having Income Proof, can avail Secured Credit Card against Security of Term Deposit, where the Credit Limit is 90% of the Principal Amount of the term deposit.”
“The current rate of finance charges is 2.50% per month [30% per annum].”
“h) Late Payment fee: If card member fails to pay at least the minimum dues, Late Fee of Rs.100/- will be charged after 3 days from the due date.”
“d) Fuel Surcharges: Waiver of surcharge 1% on transaction between Rs.400/- to Rs 5000/- (Maximum Rs. 250/- per billing cycle)”
“50% discount up to Rs 300 on minimum booking of 2 movie tickets on BookMyShow”
“In built VISA services like Discount on Airport Immigration Services, on Car Rental, 24*7 Concierge Services, Access to Golf Services, Emergency Card Replacement, Emergency Cash Disbursement”
“Personal Accidental Insurance coverage with maximum coverage of Rs. 10 lakh”
“Minimum monthly income of Rs.15000/- (Rupees fifteen thousand only) per month or above for salaried applicant and minimum Gross annual income of 300,000/- (Rupees three lakhs) or above for the self-employed applicant is required to apply for credit card.”
“Apply for Credit Card”
“Our Bank has launched VISA Signature as our Super Premium variant of VISA credit cards in affiliation with Visa International”
Terms change, sometimes without notice. Read the issuer’s current terms before applying. CardWise has no affiliate arrangement with Indian Overseas Bank or any issuer. Issuer names and logos belong to their owners and are shown only to identify each card’s issuer; CardWise is not affiliated with any issuer. The logo is Indian Overseas Bank’s own file from its website, unaltered, fetched 2026-10-21. Methodology