![]() But forex card ke liye paisa chahiye bank main pehle se □ (have also used SC ultimate credit card in May 2019, awaiting cash back so that I can write about my experience)ġ. ![]() I have used the below 2 Forex cards for international transactions and would recommend NIYO. You end up paying more mark fees considering the non reversal of the taxes on that extra 1.5% mark up fees and you will not get reward points on those transactions. So effectively, you pay more than all High value cards like Infinia, Diner Black, Yes First Card and Citi Prestige. I am quite sure that even though they’ll reverse the 1.5% mark up fees but they’ll not reverse the extra taxes that they’ll charge on that 3.5%. Hence you get actually no value on spending in foreign currency with your card. Later on they will reverse 1.5% mark up fees, effectively making the markup fees as 2%!! They ave also mentioned that since they will be issuing cashback of 1.5% hence those transactions are not eligible for Reward Points. They will charge you 3.5% as mark fees when you will make the payment. “They have mentioned in their terms and conditions that there is a 2% mark up fees on foreign transaction. Quoting Abhishek Roy’s comment on Ultimate card review: Had i know earlier i would have saved some money. In last 2 months i had done almost Rs.1.5L forex transaction. Service Tax and Education Cess will be additionally applicable on the program fee 1,000/- per statement cycle under the benefit.Ĭancellation policy – If this facility is cancelled at any point of time, the program fee already charged for the year will not be reversed. Milestone Benefit – Yatra voucher would be sent within 30 days of achieving International spends of Rs. Welcome Benefit would be credited within 60 days of first international transaction, post enrolling for the program. This program is available for the following retail credit cards – Gold, Titanium, Platinum Plus, Signature, World, Titanium Edge, Platinum Edge, Solitaire, Solitaire Premium, Superia, Regalia and Infinia. The service activation confirmation will be communicated to you through SMS (on the registered mobile no.) and through Letter (on the registered mailing address) Your request will be processed within 5 working days. Simple, just call our 24×7 customer service number to place your request.Īfter your request is processed we will enable GLOBAL VALUE program on your credit card and you can start enjoying the benefits. This feature is available once in a year. 2,000/- worth Yatra voucher once you accumulate International spends of Rs. ![]() Cashback Benefit – 1% Cashback on all International transactions (upto Rs. This feature is available once in a year.Ģ. Welcome / Renewal Benefit – 500 Bonus Reward Points on 1st International transaction. Enroll for the program on your HDFC Bank Credit Card and avail a host of amazing benefits when you use your card for international purchases.ġ. Presenting a world of exclusive benefits with GLOBAL VALUE. Which is your preferred credit/debit card for International Transactions/Travel? Share your thoughts in comments below. If you’re just doing online spends in foreign currencies you could very well choose your preferred one from the above list. Ideally, i would suggest a combinational of debit+credit cards for international trips and use it this way: debit card for cash withdrawals & credit card at risky/non-safe locations. It comes at a small fee but for a weeklong international travel i save enough and it gives me peace of mind as i can goto any country and withdraw their money just like any other local citizen – zero charges! While these are some of the best credit cards for international use, i still prefer a debit card from Indusind which is Indusind Signature Exclusive Debit Card that has 0% markup fee. If you donot redeem the points at the right time, you may loose the whole point of saving. ![]() I personally use this card for foreign transactions where-ever its accepted.Ĭaution: The reward rate on all above cards are calculated on effective utilization of the reward points that you earn on the spend. If you’re playing airmiles game, this will be your best credit card as long as you can redeem 1 JPMile = 1 INR which is tough for non-frequent flyers. ![]()
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