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Credit cards: Are you all set for vacations as the year comes to a close? Joining fee: ₹12,500 SBI ELITE Credit Card The SBI ELITE Credit Card Foreign offers a currency mark-up charge of 1.99 per cent on international usage. Joining fee: ₹4,999 HDFC Regalia Gold Credit Card This credit card has a foreign currency markup charge of 2 per …

Forex card vs debit card: Which helps save on markup fees?

When travelling abroad, travellers can choose between cash and card for payments. A forex card is cheaper because the markup charged on currency conversion is lower compared to what banks apply to debit cards when they are swiped outside India. Assuming the cardholder used a debit card on the Visa network, swiping the card for payments worth $500 would debit …

How a Low Forex Markup Fee Can Save You Money on International Transactions

Credit cards with low forex markup fees can help users save money on international transactions and currency exchanges. A low markup fee means that banks and credit card companies charge a smaller percentage to convert currencies, resulting in lower transaction costs and potentially significant savings. This benefit is particularly valuable for frequent travellers who make numerous international payments. Additionally, low …

Decoding zero forex markup on debit, credit cards

Starting 1 July, there will be significant changes in the way you spend during foreign holidays, including for food, shopping, commuting as well as for recreational activities. Select fintech firms have partnered banks to offer zero forex markup debit cards, significantly reducing the cost of international spending. Read the fine print Niyo Global card, Fi Visa Platinum debit card and …