How to Apply for Axis Bank Forex Card? Know Benefits, Eligibility, Fees, Charges & More

The cardholders get introductory privileges worth Rs. 5,000 and several other benefits, such as complimentary insurance cover and zero liability protection are there. Axis bank offers a foreign exchange card that lets you hold and spend 16 different foreign currencies from a single account. And while it makes travel easier, the Axis Multi-Currency Forex Card comes attached with fees every time you reload or withdraw cash, and leaves out many other global currencies. Read on to learn more about how this forex card works and whether it’s worth considering for your next trip abroad. This is one of the best forex cards for students and workers abroad. MakeMyTrip HDFC ForexPlus Card is a co-branded prepaid forex card.

The currency rates are less favorable than those offered by other international travel forex cards. You can load different currencies and exchange them anytime as forex cards are really flexible. Axis Bank Multi-currency forex card is among the best forex cards for students and one of the best forex cards India that allows you to hold 16 different foreign currencies in a single card. Also known as a prepaid card, prepaid travel money card, or Travel credit card, A Forex card is a ‘ready to use card’ instead of a regional currency.

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The card comes with an initial issuance fee of Rs. 500 , however, no annual membership fee is applicable on the card. Axis Bank Multi-Currency Forex Card comes with an initial issuance fee of Rs. 300 which is waived off for Burgundy and Priority account holders. You may want to refer to this article for more information on Axis Bank Multi-Currency Forex Card. A multi-currency forex card is a card that can hold several currencies. This feature is essential if you plan to visit several countries during your trip.

Very competitive rates & seamless process for booking my Forex Card as everything is online. The customer support staff was incredibly helpful & efficient and the card was delivered on the same day.Highly Recommended to everyone who is looking for forex! When acquiring our derivative products you have no entitlement, right or obligation to the underlying financial asset. AxiTrader is not a financial adviser and all services are provided on an execution only basis.

ICICI Bank Student Forex Card

No forex mark-up charge applicable on transactions made in the currency loaded on the card. Try to make most of your transactions directly using the card rather than withdrawing cash to avoid cash withdrawal charges. All international debit cards may not offer a card liability cover. There is an interest rate charged on credit cards’ outstanding balances. You may want to refer to this article for more details on ICICI Sapphiro Forex Prepaid Card. Foreign exchange fee – If you use your card for a transaction in a currency that is not listed on it you will be charged a 5.75% fee.

So even if you are in India and see exchange rates are favorable, you can purchase the currencies you may need for your next trip and then spend when you get there. HDFC ForexPlus Cards is among one of the best forex cards India, it is easy, safe as well as a cashless way of carrying foreign currency on your trip abroad. You can use this card to make payments for shopping, lodging, dining, etc.

Comprehensive insurance coverage includes insurance payouts for check-in luggage delays, card loss, and aviation accident coverage. Complimentary cards protection worth Rs. 1,600 from OneAssist wallet assistance. ICICI Bank Student Forex Prepaid Card is made exclusively for students who want to study in foreign countries. One great feature is that you can reload it at any Forex branch of ICICI, their online platform , or through their iMobile app. Customers save 2% to 4% when there is no foreign exchange markup on their purchases. It offers you 2 free ATM withdrawals per currency every month.

HSBC Everyday Global Travel Card

When you purchase a forex card and load it with the currency of your choice, it is not affected by currency fluctuations. When selecting a forex card, find out about its exchange rate and fees, as these might significantly increase your expenses. Read the exchange rate fees listed for each forex card and choose the most affordable ones that meet your requirements. You can use the Axis Multi-Currency forex card to withdraw local currency from global ATMs that have the Visa/ Mastercard symbol. The amount that you withdraw in cash will be deducted from that currency’s wallet in your account. If you don’t have enough in that particular currency, the account will automatically withdraw from another currency in your account but will also charge you an additional 3.5% as a currency conversion fee.

The other fee you might run across is the hidden fee in the exchange rate you get when you convert currencies from Indian Rupees. Axis & Visa/Mastercard set their own exchange rates, axes broker and so will be giving you an exchange rate that is weaker than the mid-market rate. The mid-market exchange rate is the real exchange rate that you see on Google or Reuters.

01 Easily discover great rates Great rates are listed as soon as they are posted and get priority in our listings so you can save money. There are no currency conversion charges when you swipe your Forex Card. You can withdraw money from the ATM worldwide, but if you use an international ATM, you’ll be charged. The Fees charged for the conversion of currency is included in the price. 2 complimentary international lounge access at airports worldwide with Dragon Pass membership.

Flat Rs. 0.30 discount on exchange margin to Axis Bank account holders on reloading the card via internet/mobile banking. Card issuance fee of Rs. 300 waived off for Priority and Burgundy account holders. Lower currency conversion rates on Southeast Asian currencies. Don’t make transactions in a currency different from the one that you have loaded on your card.

There is no extra charge on International bookings and payments for hotels, restaurants, flights, retailers and gas stations made with the travel card. Learn all about making international money transfers with HDFC Bank in India. Find out what are the charges and fees and how long does it take. Exchange rates move frequently and the current rate might not be available for long.

Loading/Reloading

Through other methods of payment, there are chances that as the rates of foreign currencies go higher, you will also be charged accordingly no matter what. When you use a forex card, your foreign exchange rates remain the same, and you are not charged any extra fees. This travel/forex card is a prepaid foreign currency card that will make your foreign trip enjoyable without constant worrying of cash problems. You can load this card with multiple foreign currencies in India and use it abroad to withdraw cash in the local currency. Multi-currency cards hold more than one currency, unlike normal forex cards. They can be loaded with all the currencies of the countries you’re visiting at once.

Compare India’s most rewarding credit cards under one roof and pick the one that works for you the best. Forex Cards do not have any credit limit but these are prepaid cards and you need to load them on your own. After signing up and activating your forex card, you can use it to make purchases and payments.

Load your card as per your requirements and as per the currency of the country you are traveling to. After that, you can very easily use your card just like a debit or a credit card. You can withdraw cash in a foreign currency using your forex card and also use it for online/in-store transactions anywhere. The ICICI Bank Student Forex Credit Card is a great option for those who are planning to go to a foreign country for high studies. It comes with an issuance fee of Rs. 499 and a renewal fee of Rs. 199 plus taxes. This Student Forex Card allows you to make international transactions without any hassle and with much lower charges compared to credit & debit cards.

• Through other methods of payment, there are chances that as the rates of foreign currencies go higher, you will also be charged accordingly no matter what.
• Our regular bank, made my father visit twice personally for the remittance of my college fees, without any success.
• The Fees charged for the conversion of currency is included in the price.
• Read the exchange rate fees listed for each forex card and choose the most affordable ones that meet your requirements.
• These cards are safe and serve as a less expensive replacement for your cash.

With locked-in exchange rate feature, the cash in the card remains unaffected from fluctuating currency rates. The best Forex cards offer better rates for currency exchange than a traveler’s check or cash. Yes, you can use this card to withdraw cash from any VISA/Mastercard ATM in a foreign country. You can insert the card and select ‘current account’ on the screen and follow the instructions. Enter the PIN and select the amount you wish to withdraw in the local currency. In case of loss/theft of your card, the tripassist feature enables you to block your card, receive emergency cash to pay your bills or get assistance on your lost passport.

A good credit history helps you avail loans easily in the future. But, when you are traveling abroad, you should avoid using your credit card to make payments and purchases because it will cost you huge markup fees, conversion charges, and other fees. This is when opting for a forex card is the wisest decision as it helps you with foreign currencies https://forexarena.net/ very conveniently and that too without any extra charges. When you use a forex card, you do not have to pay a conversion fee every time you swipe the card. Forex cards provide better exchange rates than cash purchases of foreign currency. Currency fluctuations do not impact forex cards because they are preloaded at fixed exchange rates.

Step 3: Select “Forex Card” as the login option.

Once you have logged in to your Axis Bank internet banking account, you will see a number of tabs on the top of the page. Insurance cover worth Rs. 60,000 against ATM assault or robbery . Cashback of up to Rs. 1,000 on select international roaming packs by Vodafone India. Cashback of up to Rs. 1,000 on Vodafone India’s international roaming packs. Before you leave for a trip, make sure to check the PIN of your card at a local ATM. Get an International Student Identity Card membership voucher worth INR 999 and several other deals & discounts as a joining benefit.

A cash withdrawal fee of USD 2.25 is charged every time you withdraw cash from an ATM. Like in a modern debit or credit card, to make the transactions safe and convenient, this forex card comes with Chip and PIN technology. It also offers free international sim cards, emergency cash assistance, and a lot of other privileges. One should choose among these the best forex card as per his use. It saves you from the hassles of carrying cash and exchanging currencies.

Forex cards in India come with special discounts, no ATM access fee, no cross-currency charges, and low transaction charges. A forex card comes with a lot of benefits, especially when you are traveling abroad. Just report your lost card and get a replacement card, emergency cash assistance and more with TripAssist. In the next step, you will be required to enter the details of the beneficiary to whom you want to transfer the money. These details include the name of the beneficiary, the account number, and the IFSC code of the bank where the account is held.