Forex cards are an excellent option for international travelers. They are one of the ideal ways to avoid carrying cash abroad and simplify the payment process.

Also called a prepaid card, travel money card, or prepaid travel money, forex cards are a great way to travel without carrying a lot of cash abroad. Travelers can take the card across multiple countries as it helps them to deposit funds in foreign currency.

Let’s get to know about the Top 10 Forex Cards in India:

1) MakeMyTrip HDFC Bank ForexPlus Card

Making purchases in several foreign currencies is made more accessible using the co-branded MakeMyTrip HDFC ForexPlus Card, a prepaid travel card. When traveling and needing to utilize several currencies, the Card—which can be loaded with any of the 22 accepted currencies is a wise choice.

Features:

  • With the MakeMyTrip HDFC ForexPlus Card, you receive a complete insurance package with many features.
  • A lower exchange rate of Rs. 0.20 when recharging or loading the Card through online means.
  • Around-the-clock support worldwide in case of card loss, card malfunction, or urgent cash withdrawal.

Fee & Charges:

  • Card Issuance Fee: Rs.500
  • Reloading Fee: Rs.75
  • Cash Advance Charge: USD 2

2) Axis Bank World Traveller Forex Card

One of the most significant foreign exchange cards is the Card with Miles and More from Axis Bank, marketed toward Indian travelers who frequently go abroad. The Card includes a free subscription to Miles and More. You can accrue award miles every time you load the Travellers Forex Card.

Features:

  • When we can pay with MasterCard’s contactless technology, the transactions become quick and secure.
  • The Card uses chip and PIN technology, which is far more secure than legacy cards that use magnetic strips.
  • Users of the locked-in exchange rate feature can avoid additional transaction fees and save up to 4% on exchange rates.

Fee & Charges

  • Card Activation Charges: Rs.500+GST
  • Reload Fee: Rs100+GST
  • ATM Withdrawl: USD 2.36

3) ICICI Bank Forex Prepaid Card

The ICICI Bank Forex Prepaid Card is an excellent choice if you want to go somewhere in particular. You can accommodate your travel itinerary. You may refill this Card at any ICICI FX branch, online, or via their mobile application.

Features:

  • Usage Promptness
  • Enhanced security provided by the use of 3D Secure and CHIP & PIN technologies
  • Through Internet Banking or a mobile app, you can purchase, reload, or refund items online* at any time by logging into the “Self Care Portal.”

Fee & Charges:

  • Fee for issuance: Rs 150 (One time)
  • Fee for reloading: Rs 100
  • Fee for Reaction: USD 5 (for every 180 days of inactivity)
  • 3.5 percent cross-currency fee

4) BookMyForex YES Bank Forex Card

One of India’s most well-known Forex Cards is the BookMyForex YES Bank Card, issued due to a cooperation between the YES Bank and BookMyForex. It provides several essential services for relatively low costs.

The issuing fees for this forex card are nonexistent. Additionally, there are no fees associated with reloading or unloading the Card.

Features:

  • No fees for loading or unloading again.
  • Through the BookMyForex app, paperless 24×7 services are available.
  • A 1.5 lakh rupee liability cover for lost cards.
  • FX markup is nonexistent.

Fee & Charges:

  • Reissuance Fee: Rs.250
  • Add-On Card Fee: Rs.250
  • No Interest Rates

5) SBI Multicurrency Foreign Travel Card:

It is one of the market’s most deserved, prudent, safe, and trouble-free forex cards. It can carry up to seven currencies at the same time. Because it is MasterCard-accepting, You may use it to pay in businesses, hotels, and restaurants worldwide.

Features:

  • You can use the Card for medical, tourist, pilgrimage, and other purposes.
  • In case your Card is lost or may be stolen, you can contact the SBI Card Services Team and get it blocked immediately.
  • Global support is available 24X7

          Fee and Charges:

  • Issuance Fee: Rs100 + GST
  • Add-on Fee: Rs 100 + GST
  • Reloading fee: Rs 50 +GST

6) HDFC Bank ISIC Student ForexPlus Card

This Card, which serves as a student identity card, was created specifically for students, as the name says. It has several advantages, including savings on books, travel, and other items in almost 130 countries.

Features:

  • Has access to exclusive advantages and exclusive pricing.
  • The Card has an EMV chip to protect against fraud and skimming.
  • The Card is recognized nationwide as a student identification card.
  • Add accidental death coverage and insurance coverage up to Rs. 5 lakhs.

Fee & Charges:

  • Card Issuance Fee: Rs.300
  • Re-issuance of Card Fee: Rs.100
  • Reloading Fee: Rs.75
  • Cash Withdrawl: USD 2

7) HDFC Bank Multicurrency Forex Plus Card:

 The HDFC ForexPlus Card is among the best forex cards in India since it enables carrying foreign currency when traveling abroad quickly, securely, and paperless. You can use this Card to cover costs like food, lodging, and shopping.

Features:

  • It uses PIN-based transactions and features an embedded chip.
  • You can use a backup card if your primary Card is stolen or lost.
  • It is contactless because of its payWave NFC technology, which enables payments without providing credit card details.

Fees & Charges:

  • ATM Cash Withdrawal: USD 2.00
  • Application Fee: Rs. 500+GST
  • Reactivation Fee: Rs. 100
  • Reload Fee: Rs. 75

8) ICICI Bank Single Currency Forex Card

If you are planning a single-location trip, the ICICI single currency forex card is a wise choice. This Card’s most prominent feature is that you may reload it at any ICICI Forex branch, online at Forex@Click, or via their mobile app.

Features:

  • Up to 59% off dining, shopping, and lodging.
  • Up to 10 lakhs in personal air accident insurance (only for death).
  • Up to $500 in coverage for lost travel documents.
  • Account management in real-time.
  • Simple online forex card reloading with the mobile app or Forex@Click.

Fee & Charges

  • Issuance Fee: Rs 150 (One time)
  • Reload Fee: Rs 100
  • Reactive Fee: USD 5 (for every 180 days of inactivity)
  • Cross Currency Fee: 3.5%

9) Thomas Cook Borderless Prepaid Card

 Another excellent forex card in India has a five-year validity, and its best feature is that a backup card is there at no additional cost. You can use this backup card if your primary forex card is lost or stolen. You can use this Card to access the currencies of nine different nations with only one transaction.

Features:

  • Chip and PIN-based card protection.
  • A backup card with no fees.
  • Committed to customer service and after-hours assistance.
  • You get a free backup card.
  • Free card replacement if it is lost or stolen.

Fee & Charges:

  • Card Activation Charges: Rs.150+GST
  • Reload Fee: Rs.100+GST

10) ICICI Bank Multi-Currency Platinum Travel Card:

With this travel/forex card, you may take full advantage of your international trip without worrying about running out of cash. When traveling abroad, this Card can be loaded in India with various foreign currencies and used to withdraw money in the destination country.

Features:

  • Insurance coverage for misplaced cards of up to Rs 2 lakhs.
  • Duty-free shopping is available in Indian airports.
  • In case of a card loss or misplacement, assistance is available 24*7.
  • Convenient refund process

Fee & Charges:

  • ATM Withdrawals: USD 2.00
  • Joining Fee: Rs 150+GST
  • Reload Fee: Rs 100+GST