Online forex cards in India are a great way to manage your finances when traveling abroad. These cards are prepaid cards that allow you to load foreign currency onto them and pay using them like a regular debit or credit card. In this article, we will take a look at the best 5 online forex cards in India, the benefits of using them for international travel, and how to harness their power.
Best 5 Online Forex Cards in India
1. Niyo Global Card by Equitas Bank
The Niyo Global Card by Equitas Bank is a popular forex card among travelers. It offers zero forex markup fees, which means you get the best exchange rates without any extra charges. The card also have mobile app that allows you to track expenses in real-time, manage your card, and lock/unlock it in case of theft or loss.
2. HDFC Bank Regalia ForexPlus Card
The HDFC Bank Regalia ForexPlus Card is another popular forex card that offers a range of benefits. It offers zero cross-currency conversion charges, which means you can save money on transaction fees. The card also comes with a complimentary domestic lounge access program and a dedicated concierge service.
3. TripMoney Global Cash Card
The TripMoney Global Cash Card is a forex card that offers the convenience of cashless transactions. With the help of this card you can also withdraw cash from ATMs in around 150 countries and make purchases at merchant outlets that accept Mastercard and Visa Cards.
4. BookMyForex YES Bank Forex Card
The BookMyForex YES Bank Forex Card is a popular forex card that offers competitive exchange rates and low transaction fees. The card comes with a mobile application that allows you to manage your card, track expenses, and reload funds. You can simply withdraw cash from ATMs and make purchases at merchant outlets.
5. ICICI Bank Sapphiro Forex Prepaid Card
The ICICI Bank Sapphiro Forex Prepaid Card is a forex card that offers a range of benefits such as zero cross-currency conversion charges, complimentary travel insurance worth Rs. 10 lakh for air accident and Rs. 5 lakh for lost card liability coverage. The card also offer complimentary domestic and international lounge access every year with dragon pass, and 5% cashback on hotel and flight bookings.
Benefits of Online Forex Cards for International Travel
1. Cost-Effective Currency Conversion
One of the biggest benefits of using online forex cards for international travel is cost-effective currency conversion. Forex cards offer competitive currency exchange rates and low transaction fees, which means you will save more on currency conversion.
2. Convenience of Cashless Transactions
Another benefit of using online forex cards is the convenience of cashless transactions. Forex cards can be used like regular debit or credit cards to make purchases at merchant outlets that accept Mastercard and Visa Cards and can easily be used at any merchant ATMs.
3. Real-time Expenses Tracking
Online forex cards come with mobile apps that allow you to track expenses in real-time. This means you can keep a tab on your expenses and avoid overspending. You can also reload funds on the go, which means you never run out of money when traveling.
How to Harness the Power of Online Forex Cards in India
1. Choose the Right Card
The first step in harnessing the power of online forex cards is to choose the right card. Look for such card that offers competitive exchange rates, low transaction fees, and a range of benefits such as travel insurance and lounge access.
2. Load Sufficient Funds
Once you have chosen the right card, the next step is to load sufficient funds onto it. Make sure you have enough funds to cover your expenses while traveling. You can reload funds on the go using the card’s mobile app.
3. Keep Emergency Cash
While online forex cards are a convenient way to manage your finances while traveling, it is always a good idea to keep some emergency cash with you. This can come in handy in case of emergencies such as card theft or loss.
Also Read: The Pros and Cons of No Annual Fee Credit Card: What You Need to Know
Conclusion
Online forex cards are a great way to manage your finances when traveling abroad. They offer a range of benefits such as cost-effective currency conversion, convenience of cashless transactions, and real-time expenses tracking. By choosing the right card, loading sufficient funds, and keeping emergency cash, you can harness the power of online forex cards and enjoy hassle-free international travel.