Indian Bank Credit Cards’ Fees & Charges

Indian Bank (IB) provides a range of credit cards, from standard credit cards to secured credit cards. Before you apply for a credit card, evaluate the charges and fees associated with Indian Bank Credit Cards. 

The bank levies different types of charges based on the card variant you have. You need to pay these charges when you:

• Use your credit card to withdraw cash from an ATM

• Spend more than the available credit limit

• Transfer balance from your existing credit card to enjoy reduced costs

• Make payments in foreign currency

The joining fees and annual fees for each card are different. A joining fee is a one-time up-front payment you need to pay for using the card. 

An annual fee, on the contrary, is a recurring charge that you may have to pay every year. However, issuers may waive the fee if you exceed a specific spending threshold. For instance, if you spend more than ₹50,000 in the previous calendar year, the bank does not levy the annual fee for your IB-VISA-Gold Credit Card.

Browse through the following table to know some of Indian Bank Credit Card fees:

You can withdraw cash from your credit card when you need cash. When you use this facility, interest charges along with cash advance fees are added to your total outstanding. The interest is charged from the date you withdraw cash until you clear your dues. 

Check the Indian Bank Credit Card fees and charges you could incur when you withdraw cash below.

The bank levies this fee on all transactions carried out in foreign currencies. The following table can help you understand foreign currency transaction charges on Indian Bank Credit Cards: 

This facility lets you transfer your outstanding balance from your existing card to another and benefit from low interest rates. However, most card providers levy a balance transfer fee. This typically ranges from 1-5%.

While you can spend beyond the sanctioned limit, the bank charges an over-limit fee based on the amount you exceed. See the table below to understand the over-limit fee levied by Indian Bank.

If you cannot make your payments on time, the issuer will require you to pay certain late payment fees. These fees vary based on your card variant. See the table to check the late payment fees for a few cards.

Apart from the mentioned fees and charges, there are other different types of Indian Bank credit card fees and charges. They may vary based on the card or could be a general amount/rate applicable to all cards. 

Refer to the following table to learn about these charges: