July 14, 2020

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Credit Card vs Forex Card: As the name suggests, a credit card is a credit advancement facility extended by the card issuer to you to make various types of transactions via it. Using a credit card on a foreign land can be a costly affair, as it involves various kinds of charges such as currency conversion charges, high ATM withdrawal fee, foreign transaction fee and high markup exchange rates. ...read more

 

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Important Features . 01 One card for multiple countries; 02 Accepted across 30 million retail & online stores; 03 Save on transaction charges & exchange rate fluctuations; 04 Use for travel, dining, shopping, hotels & entertainment ...read more

 

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What is a ? As the name hints (Forex = Foreign Exchange), a is a kind of prepaid card in which travelers can load money in any currency of their choice while traveling abroad.It is globally accepted and can be used just like a debit or a credit card; travelers can either pay for their expenses by swiping this prepaid travel card or withdraw cash in foreign currency at any ...read more

 

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A is your best friend on your travels abroad. It is the easiest way to carry foreign currency and pay for expenses on your overseas trips. Think of a forex card as a prepaid travel card that you can load with a foreign currency of your ...read more

 

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Forex cards issued by banks have fess for nearly everything under the sun. Issuance Fees: All forex cards have issuance fees ranging from INR125 to 3,000, depending on bank and card variant. ATM charges: In case one withdraws cash from an ATM, nearly all forex cards will charge USD 2 equivalent or a certain percentage of the withdrawn amount. ...read more

 

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Forex card is a prepaid ready to use the card in a regional currency. Forex card is also known as Prepaid Card, Prepaid Travel Money Card, and Travel Credit Card. A forex card is available in fix amount. However, you can top up your forex card based on your requirement. A forex card can be loaded with a foreign currency of your choice. ...read more

 

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Multi-Currency Forex Card . Axis Bank offers Multi-Currency Forex Card which offers convenient, hassle-free payments in order to make your foreign travel a memorable experience. You can use this prepaid foreign currency card to pay in 16 countries and … ...read more

 

 

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28-12-2020 · 4. Forex cards are a convenient way of carrying money abroad. There are multi currency forex cards available. The travel cards are quite safe as well. In addition, the forex card can be secured by blocking it in the awful situation of losing your wallet, including your cash and forex card… ...read more

 

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12-10-2017 · Forex Card. Best for: —Everything you need to buy can be purchased using a Forex Card. Pros: —Most recommended and safest form of carrying currency nowadays. Prepaid travel cards are pin protected, have configurable spending limits and are fully replaceable in case lost or stolen. ...read more

 

6 Best Forex Cards in India - 2021 (Review and Comparison

A forex card is a no-frills travel card that is convenient, safe and relatively cheaper. So, as you firm up your upcoming holiday plans, we tell you what is a forex card, how to get it and why you ...read more

 

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Forex cards are ideal for traveling abroad because: It does not incur any conversion charges. When you use a credit card to make a purchase in a foreign country, conversion charges are applied. And that is charged up to 3.5% of the transaction value. But a forex card has no such charges. ...read more

 

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