Are you a frequent international traveler?
Tired of paying high foreign currency conversion rates at airports or hefty fees for international purchases? It’s time to switch to a forex credit card that saves you on foreign transaction fees!
Let’s break it down:
A foreign transaction fee is generally a small mark-up fee charged by the card network (like Visa, MasterCard) and the bank when you make purchases abroad or shop online from international merchants in different currencies.
Fortunately, some credit cards waive these fees, especially travel cards. Here are 7 credit cards that don’t charge foreign transaction fees:
1. HDFC Bank Regalia ForexPlus Credit Card
- Currency: Available in US Dollars.
- Fees: Zero cross-currency mark-up charges.
- Acceptance: Widely accepted at all Visa/MasterCard merchants globally and for online shopping.
2. Axis Bank Burgundy Private Credit Card
- Features: No cash withdrawal charges or interest till the payment due date.
- Forex Markup: Zero forex markup on international transactions.
- Perk: Flexibility to increase credit limit during foreign trips.
3. Federal Bank Scapia Co-branded Credit Card
- Fees: Zero forex markup on all international transactions.
- Annual Fee: No joining and annual fees.
- Rewards: 10% reward on eligible spends, with instant redemption for flights, hotels, and buses on the Scapia app.
4. RBL World Safari Credit Card
- Annual Fee: ₹3,000.
- Forex Markup: 0% on foreign currency transactions.
- Lounge Access: 2 complimentary domestic and international lounge visits per quarter at airports across India.
5. ixigo AU Credit Card
- Forex Markup: Zero on international purchases.
- Discounts: 10% instant discount on hotel and flight bookings.
6. Club Vistara IndusInd Bank Explorer Credit Card
- Membership: Complimentary Club Vistara Gold membership.
- Perks: Zero foreign currency markup on international spends.
- Milestone Rewards: Free business class ticket vouchers on reaching certain spend levels.
- Rewards: Earn up to 8 Club Vistara points per ₹200 spent.
7. BookMyForex Forex Credit Card
- Fees: Zero forex markup and lifetime free.
- Acceptance: Accepted in over 150 countries.
- Perk: Instant issuance—get the card on the same day.
By switching to one of these credit cards, you can travel and shop abroad without worrying about hefty foreign transaction fees. Which card will you choose for your next international trip?