Top 10 Forex Cards In India for Travel

If you're planning to travel abroad, you might be wondering how to manage your expenses while away. In such cases, forex cards can be your best buddy.

Yes, Forex cards are a must-have thing in your wallet when you're travelling abroad. They're specifically meant for foreign transactions and making payments in other countries. With the help of a Forex card, you can carry multiple forms of currency in one single card. They are much cheaper and more secure than carrying foreign currency as cash. But with so many options out there, which Forex card is best in India?

What is a Forex Card?

A Forex card, also known as a currency card or travel card, is a pre-loaded travel card specifically designed for international use. Think of it as a prepaid card that you can load with the foreign currency of your choice. Cardholders can use it just like a debit or credit card to make purchases in local currencies abroad.

Benefits of Forex Cards in India

Here's why forex cards are the best options for travelling to international countries:

• It's EASY to apply to get Forex travel cards.

• You can withdraw the loaded amount from any international ATM. The card will automatically detect the country and dispense cash in the local currency.

• Forex travel cards are globally accepted and can be used to book flight tickets, hotel rooms, dining, and offline and online shopping.

• You can load multiple foreign currencies in them and use them abroad.

• No currency conversion is required to shop abroad.

• Forex cards have protection measures like embedded chip and PIN technology, which are more secure than magnetic strip technology.

  Top 10 Forex Cards In India

  As said, there are plenty of forex cards in the market today. Let's explore the top 10 Forex Cards in India.

  1. ICICI Bank Forex Card

  ICICI Bank offers a Forex card suitable for all types of users, including business professionals, frequent travellers, and students. These forex cards are intended to offer a practical and safe means of carrying foreign money while on the go.

  Axis Bank Multi-Currency Forex Card It is a prepaid foreign travel card and a multi-currency Forex Card from Axis Bank. The card supports 16 commonly used currencies, including the USD, CAD, AUD, Euro, Swiss Franc, Pound Sterling, and Japanese yen. Axis Bank's multi-currency forex card doesn't charge a fee for transactions in the currency loaded on the card. However, if you make a transaction in a different currency, you'll be charged a cross-currency markup fee of 3.5%.

  Axis Bank Club Vistara Forex Card

  This is among the best Forex cards in India for international travel. Cardholders can load up to 16 currencies on a single card for a hassle-free experience worldwide.

  With the Axis Bank Club Vistara Forex Card, you can earn Club Vistara Points (CV Points) as incentives because it is a co-branded Air Vistara card. For every $5 spent with the card, you receive three CV Points. You receive a free Club Vistara basic membership in addition to CV Points. IDFC First Multi-Currency Forex Card The IDFC FIRST Multi-Currency Forex Card is notable for its zero issuance charges, making it an attractive option from the start. It also provides the convenience of a replacement card if lost, which is a brownie point for travellers' peace of mind. It supports 14 different currencies. As part of the kit, you also get a complimentary replacement card along with the primary Forex card. HDFC Bank Multi-Currency Forex Card

  The HDFC Multi-currency Forex card is another good choice from the popular bank. It can have up to 22 multiple currencies but is missing a number of currencies in South America and Africa.

  You'll need to pay a joining fee to apply for the card, as well as fees for reloading your wallet and making cash withdrawals. You must keep in mind that the currency you plan to spend is loaded on the card; otherwise, the transaction will be declined.

  YesBank Multi-currency Travel Card

  Given that it is inexpensive and extremely safe to use, the Yes Bank Multi-Currency card is among the best forex cards in India. You can contact the online customer support team from any location in the world for assistance with managing your card. This card has reduced fees and better security than the majority of others.

  Niyo Global Forex Card by Equitas

  The Niyo Global card was introduced by Niyo Solutions in collaboration with Equitas Small Finance Bank. It’s a modern multi-currency card with access to Visa's full network, including 130+ currencies. It works like a debit card with zero markup fee.

  IndusInd Bank Multi-Currency Card

  It is a prepaid Forex card issued by IndusInd Bank. While there is no annual membership fee, a one-time issuance fee of Rs. 300 applies. It has an embedded chip for added security. Cardholders can book hotels and airline tickets and make payments at stores and restaurants with this Forex card at no extra cost.

  Standard Chartered Bank Forex Card

  Standard Chartered Forex Card is a free prepaid travel card which is designed to give travellers a safe and practical way to carry foreign currency when they go abroad. You can fill your card with up to 20 different currencies.

  Additionally, the Forex Card is outfitted with chip-and-PIN technology to improve security and protect against fraudulent transactions. In case of any inconvenience associated with the Forex card, cardholders get insurance coverage of up to Rs. 500,000 or more.

  BookMyForex YES Bank Forex Card

  Another best forex card that is widely used by frequent travellers is BookMyForex Yes Bank Forex Card. The card provides hassle-free travel experiences to Indians travelling abroad.

  The BookMyForex YES Bank Prepaid Card is a newly introduced co-branded travel card designed to offer seamless international travel experiences. Supporting multiple currencies, it allows travellers to visit various countries without the hassle of locating currency conversion centres.

  How To Apply For Forex Cards In India?

  Applying for a Forex card is simple and can be done online through banks, fintech platforms like Moneybip, or leading Forex card providers. Sometimes, if you apply through a bank, you might need to visit a branch. However, applying online through card providers is often more convenient, as they offer cards with extra perks and benefits.

  Conclusion

  We explored the top 10 forex cards in India along with their features. Since international travel comes with lots of expenses, these Forex cards can work wonders and make your travel experience smoother and more enjoyable.

  Each of these cards offers different features, so pick one that fits your needs best. Similar to traditional debit/credit cards, Indians can make payments in local currency and withdraw when overseas.

  Also, don't forget to consider the above factors before choosing a Forex card to ensure you get the best value for your money. With the right Forex card, you can focus on enjoying your trip without worrying about money matters. If you’re looking for travel cards, check out your options at Moneybip and compare the offers. ​​​​