Generally, credit and debit cards charge 1% to 3.5% foreign exchange markup fee. In this blog post, I curated a list of 9 best credit and debit cards in India that don’t charge any forex markup fees on all your international transactions.
Table of Contents
RBL World Safari Credit Card is an excellent option for frequent international travelers with zero forex markup fee. This card allows you to save up to 4% on all foreign currency transactions.
You can enjoy complimentary airport lounge access, and various travel benefits like hotel discounts, flight vouchers, and travel insurance. You can also redeem the earned travel points for flights and hotel bookings.
Fees & Charges
Rewards
Lounge Access
Milestone Benefits
If you have any query related RBL credit card you can contact RBL customer care number.
The IDFC FIRST WOW! credit card is a remarkable option for budget-conscious travelers as it is the only Indian credit card that boasts zero forex markup and no annual or joining fees.
The best part of this credit card is that it’s a lifetime free credit card. You can also go with ICICI Amazon Pay lifetime free credit card which offers you 5% cashback on Amazon spends.
The WOW credit card is a secured FD-based credit card that offers an exciting feature of earning @6.25% p.a. interest on Fixed Deposit.
Despite being secured, it remains an excellent choice for individuals who wish to travel abroad without worrying about forex fees.
Club Vistara IndusInd Bank Explorer credit card is a travel credit card that offers zero forex markup on international transactions. This credit card is perfect for frequent travelers who fly with Vistara Airlines.
You can earn reward points on your spends, which can be redeemed for free flights or upgrades. Additionally, you get complimentary lounge access, travel insurance, and priority check-in and boarding at select airports.
Although the IndusInd Vistara card may not appear as attractive as – the Axis Vistara Card, which offers the same benefits with a lower joining fee but IndusInd Vistara has a USP – zero foreign currency markup.
Welcome Benefits
Rewards
Milestone Benefits
You get up to 5 business class tickets on annual spends of Rs. 15 Lakh.
Lounge Access
The Axis Burgandy Private card is an exclusive invite-only credit card. To be eligible for the card, you must maintain a Total Relationship Value (TRV) of 5 Crore or more.
However, in case your TRV falls below the required threshold, you will be required to pay an annual fee of Rs. 50000 + GST to continue using the card.
This credit card is especially designed for high net-worth Indians seeking a luxury lifestyle with offering zero forex charges. You also get complimentary memberships to prestigious clubs such as Club Marriott, Accor Plus, and Taj Epicure, further elevating your extravagant lifestyle.
Lounge Access
The IndusInd Exclusive Debit Card is available in two variants – Mastercard World and Visa Signature – and is designed to cater to the exclusive saving account holders of the bank.
This debit card comes with the benefit of zero joining and annual fees. Additionally, it also provides the benefit of zero forex markup charges, making it a preferred choice for international travelers.
You also get complimentary lounge access with this debit card.
The RBL Signature+ Debit Card is another popular option for travelers in India. This debit card offers zero forex markup on international transactions, along with other benefits such as airport lounge access, travel insurance, and reward points on your spends.
Cashback on Spends
IndusInd Bank’s Pioneer Infinite Debit Card is tailored to enrich your shopping experience, with its impressive rewards program.
You can enjoy a 0.5% return on your spending with the Pioneer debit card, and with the Pioneer Legacy program, you can earn even more rewards with 1% on weekdays and 2% on weekends. If you spend over 6 lakhs annually, you’ll earn an additional 1% reward rate.
Furthermore, this card offers zero foreign currency markup charges, making it an excellent option for international transactions.
Fi, the digital neobank account, has partnered with Federal Bank to offer a range of services to its customers. The account is backed by the Deposit Insurance and Credit Guarantee Corporation of India, which insures deposits up to Rs. 5 lakh.
Fi offers a type of Visa Platinum debit card, issued in both physical and virtual form, that is accepted across the global ATM network. Your digital card is a virtual twin of your physical debit card, making it easy to use for all your transactions.
In addition, you get a free savings account unlike any other, with no minimum balance required, and zero forex markup charges. Another benefit is that Fi charges only Rs. 100 for international ATM cash withdrawals, making it best for frequent international travelers.
Key Highlights of Fi Debit card
Niyo has partnered with Equitas Small Finance Bank to launch NiyoX Debit Card. NiyoX offers two types of VISA debit cards:
The card is linked to a NiyoX savings account, which can be easily opened through the NiyoX app.
The NiyoX debit card comes with a host of benefits, including zero issuance fee, zero account maintenance fee, and zero forex markup fees. Additionally, NiyoX offers attractive cashback and rewards programs on the use of its debit card.
Key Features of NiyoX Debit Card
If you are looking for a credit card with zero forex charges, consider RBL Bank’s World Safari credit card as this card offers 0% foreign currency markup fee with an affordable joining fee. If you use this card only for Travel purposes, you get 3.15% reward rate and 2.5% for non-travel spends.
For high net worth individuals, Club Vistara IndusInd Bank Explorer credit card is also an ideal option for zero forex charges with lounge access. Additionally you get 5 business class tickets on annual spends of Rs. 15 Lakh, making a great for frequent travelers.
If you are looking for a debit card with zero forex charges, IndusInd Exclusive debit card is the best option for you as the card offers zero membership fee, zero forex markup fee with complimentary lounge access. You can save an additional 1% through the earned reward points while you swipe your card.
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