Indian Overseas Bank IOB-Merchant-Credit-Card-M-Card
Indian Overseas Bank
Annual / renewal fee
Annual fee: VISA Classic NIL, VISA GOLD NIL, RuPay Classic NIL, RuPay Platinum ₹250+GST, RuPay Select ₹500+GST.
VerifiedMost Important Terms & Conditions (MITC) – IOB Credit Cards (covers M-Card)2 Aug 2026, 1:00 AM ISTIndian Overseas Bank
Earn rate
Confirm on the official page
Official source not yet captured
This is the issuer's own page for this card. We earn nothing from this link.
You'll land on the issuer's official application portal at iob.bank.in — if a different card is shown first, use its card selector to pick this one.
This is the issuer's own page for this card. We earn nothing from this link.
You'll land on the issuer's official application portal at iob.bank.in — if a different card is shown first, use its card selector to pick this one.
Overview
IOB-Merchant-Credit-Card-M-Card by Indian Overseas Bank. Facts on this page are extracted and verified automatically from official issuer documents.
Fees
Joining fee
Joining fee: NIL for all variants (VISA Classic, VISA GOLD, RuPay Classic, RuPay Platinum, RuPay Select).
VerifiedMost Important Terms & Conditions (MITC) – IOB Credit Cards (covers M-Card)2 Aug 2026, 1:00 AM ISTIndian Overseas Bank
Annual / renewal fee
Annual fee: VISA Classic NIL, VISA GOLD NIL, RuPay Classic NIL, RuPay Platinum ₹250+GST, RuPay Select ₹500+GST.
VerifiedMost Important Terms & Conditions (MITC) – IOB Credit Cards (covers M-Card)2 Aug 2026, 1:00 AM ISTIndian Overseas Bank
Fee waiver
Annual fee reversal on minimum spends of ₹1,00,000/- for RuPay Platinum and RuPay Select (NA for VISA Classic, VISA GOLD, RuPay Classic).
VerifiedMost Important Terms & Conditions (MITC) – IOB Credit Cards (covers M-Card)2 Aug 2026, 1:00 AM ISTIndian Overseas Bank
Rewards
Not published in the official documents on file — see the official T&C link below.
Travel & lounge
Lounge access
Confirm on the official page
Official source not yet captured
Dining, golf, concierge, insurance, milestones & welcome
Welcome benefit
Confirm on the official page
Official source not yet captured
Eligibility
Eligibility
Maximum four add-on cards can be issued to dependents of the Primary Card Holder.
VerifiedMost Important Terms & Conditions (MITC) – IOB Credit Cards (covers M-Card)2 Aug 2026, 1:00 AM ISTIndian Overseas Bank
Charges & interest
Forex markup
Forex Conversion Fee: 2.50% on international transactions.
VerifiedMost Important Terms & Conditions (MITC) – IOB Credit Cards (covers M-Card)2 Aug 2026, 1:00 AM ISTIndian Overseas Bank
Charge
- Cash Advance Fee: 2.25% or ₹22.50 per ₹1000/-.
- Finance/Interest charge: 2.50% per month [30% per annum], monthly compounding.
- Forex Conversion Fee: 2.50% on international transactions.
- PIN Replacement Charges: NIL.
- Card Replacement Charges: ₹100/- per card + GST.
- Over Limit charges: ₹100/- once card limit is exhausted.
- Late Payment fee: ₹100/- charged after 3 days from due date if at least minimum dues not paid.
- Supplementary Card fee: NIL.
- GST: 18% on charges.
VerifiedMost Important Terms & Conditions (MITC) – IOB Credit Cards (covers M-Card)2 Aug 2026, 1:00 AM ISTIndian Overseas Bank
Fuel surcharge waiver
Fuel surcharge waiver of 1% on transactions between ₹400/- and ₹5000/- (Maximum ₹250/- per billing cycle).
VerifiedMost Important Terms & Conditions (MITC) – IOB Credit Cards (covers M-Card)2 Aug 2026, 1:00 AM ISTIndian Overseas Bank
Interest-free period
- Interest free period: 20 to 50 days, subject to transaction date / submission of claims by the merchant.
- Not applicable for cash advance transactions or if previous month's balance is not cleared fully.
VerifiedMost Important Terms & Conditions (MITC) – IOB Credit Cards (covers M-Card)2 Aug 2026, 1:00 AM ISTIndian Overseas Bank
Transfers
Not published in the official documents on file — see the official T&C link below.
Common questions
What is the annual fee on the IOB-Merchant-Credit-Card-M-Card?
Officially traced: Annual fee: VISA Classic NIL, VISA GOLD NIL, RuPay Classic NIL, RuPay Platinum Rs.250+GST, RuPay Select Rs.500+GST.
Most Important Terms & Conditions (MITC) – IOB Credit Cards (covers M-Card)What is the joining fee on the IOB-Merchant-Credit-Card-M-Card?
Officially traced: Joining fee: NIL for all variants (VISA Classic, VISA GOLD, RuPay Classic, RuPay Platinum, RuPay Select).
Most Important Terms & Conditions (MITC) – IOB Credit Cards (covers M-Card)Is the IOB-Merchant-Credit-Card-M-Card annual fee ever waived?
Annual fee reversal on minimum spends of Rs.1,00,000/- for RuPay Platinum and RuPay Select (NA for VISA Classic, VISA GOLD, RuPay Classic).
Most Important Terms & Conditions (MITC) – IOB Credit Cards (covers M-Card)What are the transfer ratios for IOB-Merchant-Credit-Card-M-Card points?
Transfer ratios are not shown here as a confident value. Confirm the current ratio in your issuer account before transferring.
What is one point on the IOB-Merchant-Credit-Card-M-Card worth?
Point value varies by award, route and partner programme, so this page does not publish a rupees-per-point figure.
Other verified details
Not published in the official documents on file — see the official T&C link below.
Official documents & verification
Official terms
https://www.iob.bank.in/en/iob-merchant-credit-card-m-card.
VerifiedIOB-Merchant-Credit-Card-M-Card product page2 Aug 2026, 1:00 AM ISTIndian Overseas Bank
Verified 2026-08-01 · facts from the official issuer page. Issuers may change fees, earn rates, lounge counts and waivers without notice — always confirm before applying.