multi currency travel card icici

TRAVEL Cards

• Personal Loan
• New Car Loan
• Two Wheeler Loan
• Business Loan
• Credit Cards
• Forex & Remittance

Travel Cards

ICICI Bank Travel Card is the perfect travel companion for all your international trips. Get the Travel Card of your choice by browsing through the ‘Travel Cards – Variants’ section. The power-packed ICICI Bank Travel Card is a smart, convenient and secure alternative to carry foreign currency while travelling overseas. Now avoid currency rate fluctuations and save cross currency charges by loading your card with 15 foreign currencies - USD, GBP, EUR, CAD, AUD, SGD, AED, CHF, JPY, SEK, ZAR, SAR, THB, NZD, HKD. Load and instantly activate your Travel Card to start using it immediately for booking your international flight and accommodation. You can make payments only on international websites and merchant outlets overseas

Online Account Management facility

No need to visit a branch or call Customer Care. It’s time to relax and manage all your Travel Card functions yourself at comfort of your home. ICICI Bank Travel Cards is providing digital interfaces that are simple to use where end users would be able to view, handle minor issues and information requests that would otherwise go to the service desk. Now log on to ‘Self Care Portal’ or ‘Internet Banking’ or ‘iMobile app’ and start managing Travel Card with just a click.

Self Care Portal

'Self Care Portal' is an exclusive real-time account management portal designed for ICICI Bank Travel Card customers. This facility provides 24*7 access to monitor spends, block/ unblock card, reset ATM PIN, instant wallet to wallet fund transfer and much more.

Travel Card functions available through Self Care Portal

• Change/ Regenerate your ATM/POS PIN: My Profile My Setup Repin
• E-Com Activation: My Profile My Setup e-com Activation
• Change/Regenerate your online Login/Transaction passwords: My Profile My Setup Change Password
• View/download your transaction history: My Accounts Statement View
• Temporarily block/ unblock Travel Card: My Accounts Support Functions Change Card Status
• Instant Wallet to Wallet transfer: My Profile Fund transfer Wallet to Wallet transfer

How to register Travel Card to Self Care Portal?

• Enter your Travel Card number à Enter your 4-digit ATM PIN
• Define your User ID, Login Password and Transaction Password
• Set your security questions and their respective answers and Submit to create User ID

Manage Travel Card through iMobile/ Internet Banking

You can now link yours and your close relatives’ Travel Cards to your Savings Account to view, manage and update basic Travel Card details on the go through Internet Banking and iMobile app*.

Travel Card functions available through Internet Banking and iMobile:

• View Travel Card balance and last 10 transactions
• Instant reload of Travel Card
• Update e-mail ID & mobile number (domestic & international)
• Block or unblock Travel Card
• Online refund of Travel Card
• PIN generation of Travel Card

How to link your Travel Card?

Travel cards faqs.

Forex Prepaid Card is a smart, convenient and secure alternative to carry foreign currency while travelling overseas.

Forex Card/Money Card/Travel Card/Currency Card are Prepaid Cards. Once an amount is loaded in a currency wallet, it can be used for transactions by swiping at merchant outlets or at e-commerce sites, as well as for cash withdrawal at ATMs

ICICI Bank Forex Prepaid Card is a Prepaid Card offering 15 currency wallets. It is a smart, convenient and secure alternative to carry foreign currency while travelling overseas

Forex Prepaid/Travel Cards provide a convenient and secure alternative to carry foreign currency while travelling overseas. Moreover, it allows the customer to store multiple currencies in a single card, in case they are travelling to different countries. Unlike Credit and Debit Cards, there is no extra charge associated with POS and e-commerce transactions. They are universally accepted. Exchange rate is fixed during loading of the card and there are no Dynamic Currency Conversion charges

A multi-currency card features multiple wallets of different currencies in a single card. ICICI Bank currently offers loading of up to 15 currencies in a single multicurrency card.

Yes. Once requirement of forex is over, the remaining amount in the Forex Prepaid Card can be refunded to the linked bank account

Request for Forex Prepaid Card can be submitted at the nearest ICICI Bank Forex Branch. ICICI Bank Savings Account holders can apply through iMobile too.

You can put/load money in an ICICI Bank Forex Prepaid/Travel Card online, through Internet Banking or iMobile app. If the account is not linked, the request can be submitted at the nearest ICICI Bank Forex Branch by the cardholder or any third party

With a fresh load, the Forex/Travel Card will be automatically activated. However, if your ICICI Bank Forex Prepaid Card is inactive/temporary blocked, please call ICICI Bank Customer Care to get it re-activated.

If you are unable to withdraw funds from the ATM using your Forex Prepaid/Travel Card, kindly check:

The balance in the card for confirmation on whether you can withdraw the amount.

If there is balance, check that you are not exceeding the daily withdrawal limit (includes ATM withdrawal charges).

If it is within the limit and still you are unable to withdraw using an Active Forex Prepaid/Travel Card, please call ICICI Bank Customer Care.

The daily limit of withdrawal is USD 2,000 or equivalent (including withdrawal charges and tax), unless otherwise specified.

• Get CIBIL Score
• Get Call Back
• Give a Missed Call

• Loksabha Election
• Budget 2024
• Stock Market Quotes
• Mutual Fund
• Stock Stats
• Top Gainers
• CaFE Invest
• Investing Abroad
• Gold Rate in India
• Silver Rate in India
• Petrol Rate in India
• Diesel Rate in India
• Express Mobility
• Banking & Finance
• Mutual Funds
• Travel & Tourism
• Brand Wagon
• Entertainment
• Web Stories
• Auto Web Stories
• Infographics
• Today’s Paper
• International
• Edits & Columns
• Personal Finance Print
• PRIVACY POLICY
• TERMS AND CONDITIONS
• IPO’s Open and Upcoming 20
• Top Indices Performance
• Stock Analysis
• Stock Market Stats
• Financial Literacy
• Gold Rate Today
• NSE Top Gainers 875
• NSE Top Losers 1791
• BSE Top Gainers 2147
• BSE Top Losers 2862
• NSE 52-Week High 0
• NSE 52-Week Low 0
• BSE 52-Week High 0
• BSE 52-Week Low 0
• NSE Price Shocker
• NSE Volume Shocker
• BSE Price Shocker
• BSE Volume Shocker
• NSE Sellers
• BSE Sellers
• Silver Rate Today
• Petrol Rate Today
• Diesel Rate Today

• All Card Categories
• Best Credit Cards
• Lifetime Free
• Forex Credit Cards
• RuPay Credit Cards
• International Travel

• Fintech Cards
• All Card Issuer

• Offers & Rewards
• Lounge Access

15+ Best Forex Cards in India 2024

Using your regular credit card while you’re on an international trip might not be the wisest of decisions, as international transactions, which are usually in a foreign currency, attract an additional forex markup fee, which, for most credit cards, is around 3.5% of the transaction amount. For this reason, banks offer forex cards, which are tailored to the needs of customers who make frequent international transactions. With the best forex card, a person can get the most out of their foreign transactions.

Forex credit cards are basically prepaid cards. Unlike credit cards, you need to load a balance on these cards before you can make any purchases. Almost all the best forex cards in India support multiple currencies—you can load the card using any of the supported currencies. Spending in the currency loaded on the card does not attract any foreign currency mark-up fee. Therefore, it’s a good idea to carry a Forex card on an international trip loaded with the home currency of the country you are visiting.

Niyo Global Card by Equitas Bank

Bookmyforex yes bank forex card, axis bank multi-currency forex card, hdfc bank regalia forexplus card, hdfc bank multicurrency platinum forexplus chip card, axis bank club vistara forex card, icici bank student forex prepaid card, axis bank world traveller forex card, state bank multi-currency foreign travel card, indusind bank multi-currency travel card, icici bank sapphiro forex prepaid card, goibibo icici bank forex prepaid card, icici bank coral prepaid forex card, idfc first multi-currency forex card, yes bank multicurrency travel card, list of top forex cards in india.

Here, we have shortlisted some of the best Forex cards offered by the various banks in the country. Many of these cards, just like credit cards, also offer add-on benefits like complimentary lounge access, insurance plans, discount vouchers, etc. You can go through their detailed features and advantages in this article and then choose one that seems to suit you the best:

Add to Compare

Joining Fee

Renewal fee, best suited for, reward type.

Reward Points

Welcome Benefits

Card Details +

Niyo Solutions launched the Niyo Global card in partnership with Equitas Small Finance Bank. It is a premium, high-interest digital savings account that offers up to 7% interest on savings and zero forex markup charges on international transactions worldwide.

The Niyo Global card provides convenient and affordable ways to handle international payments in more than 130 currencies. It offers domestic and international lounge access at all Indian airports, and its user-friendly app has features like Global ATM Locator, real-time currency conversion, and more.

• Cash Withdrawal Charges – 3 free withdrawals per month, and Rs. 21 plus taxes from the 4th withdrawal onwards for Domestic ATMs.
• Rs. 110 plus taxes for International ATMs.
• Currencies Supported – More than 130 currencies supported
• Cross-Currency Usage Fee – Nil
• Additional Benefits – High 7% interest rate on your savings, complimentary lounge access, and user-friendly mobile application.
• No TCS Up to Rs. 7 Lakhs -TCS is exempted from international spends up to Rs. 7 Lakhs per year. However, 20% TCS is applicable beyond the Rs. 7 Lakhs threshold.

The BookMyForex YES Bank Prepaid Card is a recently launched co-branded foreign travel card. The card aims to provide its customers with hassle-free international travel experiences. It also supports multiple currencies, making it even more convenient to travel to different countries without any worries about finding a currency conversion center there. Along with all these features, the card also offers several great deals and discounts across different categories.

The multi-currency Forex Card by Axis Bank is a prepaid international travel card. The card supports 16 widely used currencies, including the United States Dollar, Euro, Pound Sterling, Australian Dollar, Canadian Dollar, Swiss Franc, and Japanese Yen. As with all foreign exchange credit cards, transactions in the currency loaded on the card do not attract any markup fee; however, transactions in a currency other than the one loaded on the card attract a cross-currency markup fee of 3.5% of the transaction amount.

The Axis Bank Multi-Currency Forex Card comes with an initial issuance fee of Rs. 300 (plus GST), which is waived for Burgundy and Priority account holders. Although the card does not have any reward structure, you do get many value-added benefits like discounts on international roaming packs by VI, a lower currency conversion rate for Southeast Asian currencies, and 247×7 travel assistance by TripAssist. You may want to refer to this article for more information on Axis Bank Multi-Currency Forex Card.

The Regalia ForexPlus Card is a sub-premium prepaid foreign exchange credit card by HDFC Bank. Although the card comes with zero annual fee, an initial fee of Rs. 1,000 is payable at the time of card issuance.

Regalia ForexPlus Card can be loaded in US Dollars. The best part about the Regalia ForexPlus Card is that not only do you not get charged any mark-up fee on transactions in USD, but there is no cross-currency usage fee applicable on transactions done in any other currency. You may refer to this article for more information on the HDFC Regalia ForexPlus Card.

Just like the MakeMyTrip HDFC ForexPlus Card, the Multicurrency Platinum card can also be loaded in 22 different foreign currencies- Australian Dollar, Dirhams, Canadian Dollar, Euro, Hongkong Dollar, Japanese Yen, Singapore Dollar, Sterling Pound, Swiss Franc, Swedish Krona, Thailand Baht, South African Rand, Oman Riyal, New Zealand Dollar, Danish Krone, Norwegian Krone, Saudi Riyal, Korean Won, Bahrain Dinar, Qatari Riyal, Kuwait Dinar and US Dollar. No markup fee is charged on transactions made in the currency loaded on the card; a cross-currency usage fee of 2% of the transaction amount is applicable on transactions made in a currency other than the one loaded on the card.

Multicurrency Platinum ForexPlus Chip Card comes with an initial issuance fee (joining fee) of Rs. 500 (plus GST), which is waived off on the first-time loading of a minimum of USD 1,000. Although the card does not earn you any reward points/cashback, you do get plenty of add-on benefits like Amazon vouchers, emergency assistance, global concierge service, etc. with the card. Check out this article for more info on HDFC Multicurrency Platinum ForexPlus Chip Card.

Axis Bank Club Vistara Forex Card is a co-branded prepaid forex card by Axis Bank in collaboration with Air Vistara. Axis Bank Club Vistara Forex Card can also be loaded in 16 different currencies, including United States Dollar, Euro, Pound Sterling, Australian Dollar, Canadian Dollar, Swiss Franc, Japanese Yen, Singapore Dollar, Swedish Krona/Kronor, UAE Dirham, Saudi Royal, Thai Baht, New Zealand Dollar, Hong Kong Dollar, South African Rand and Danish Krone.

Since it is an Air Vistara co-branded Forex card, you earn Club Vistara Points (CV Points) as rewards on Axis Bank Club Vistara Forex Card. You earn 3 CV Points for every USD 5 spent with the card. Apart from CV Points, you also get a complimentary Club Vistara base membership. Other add-on benefits that you get with the Club Vistara Forex Card include cashback on international roaming packs and 24×7 emergency assistance during international travel.

The ICICI Bank Student Forex Credit Card is a great option for those who are planning to go to a foreign country for higher studies. It comes with an issuance fee of Rs. 499 and a renewal fee of Rs. 199 plus taxes. This Student Forex Card allows you to make international transactions without any hassle and with much lower charges compared to credit & debit cards. The cardholders get introductory privileges worth Rs. 5,000, and several other benefits, such as complimentary insurance coverage and zero liability protection, are there.

Axis Bank World Traveller Forex Card is another prepaid travel card by Axis Bank in collaboration with Germany-based Lufthansa Airlines. Like the other two Axis Bank forex cards, the World Traveller Forex Card can also be loaded in 16 different foreign currencies including United States Dollar, Euro, Pound Sterling, Australian Dollar, Canadian Dollar, Swiss Franc, Japanese Yen, Singapore Dollar, Swedish Krona/Kronor, UAE Dirham, Saudi Royal, Thai Baht, New Zealand Dollar, Hong Kong Dollar, South African Rand and Danish Krone.

Like most other forex cards, no forex markup fee applies to transactions made in the currency loaded on the card. However, a cross-currency usage fee of 3.5% of the transaction amount applies to transactions made in a currency other than the one loaded on the card.

State Bank Multi-Currency Foreign Travel Card is a prepaid forex card issued by the State Bank of India. The card does not have an annual membership fee; however, an initial issuance fee of Rs. 100 (plus GST) is charged at the time of issuance. The issuance fee of the SBI Multi-Currency Foreign Travel Card is the lowest amongst all forex cards presently offered in India.

State Bank Multi-Currency Foreign Travel Card can be loaded in seven different currencies- USD, Euro, Pound, Singapore Dollar, Canadian Dollar, UAE Dirham, and Australian Dollar. No mark-up fee is charged on transactions made using the currency loaded on the card. However, a cross-currency usage fee of 3% of the transaction amount is applicable on transactions made in a currency other than the one loaded on the card. See this article for more details on the State Bank Multi-Currency Foreign Travel Card.

As the name suggests, IndusInd Multi-Currency Travel Card is a prepaid forex card issued by IndusInd Bank. The card does not have an annual membership fee, but an initial fee of Rs. 300 is payable at the time of issuance.

The card supports 14 international currencies- US Dollar, Australian Dollar, Canadian Dollar, Euro, Great Britain Pound, Hong Kong Dollar, Japanese Yen, New Zealand Dollar, Singapore Dollar, South African Rand, Swiss Franc, Thailand Baht, Saudi Riyal, and UAE Dirham. No forex markup fee is charged on transactions made in the currency loaded on the card; a cross-currency usage fee of 3% of the transaction amount is, however, applicable on transactions made in a currency other than the one loaded on the card. Check out this article to learn more about IndusInd Bank Multi-Currency Travel Card.

Sapphiro Forex Prepaid Card is a premium prepaid Forex card by ICICI Bank. The card comes with a hefty joining (issuance) fee of Rs. 2,999 (plus GST), and being a premium forex card, offers plenty of add-on privileges like shopping vouchers, Uber vouchers, complimentary international lounge access with Dragon Pass, discounts on international roaming packs and many other benefits. There is no annual membership fee applicable to the ICICI Sapphiro Forex Prepaid Card.

One differentiating feature of the Sapphiro Forex Prepaid Card is that, like the HDFC Regalia Forex Card, the ICICI Sapphiro Forex Prepaid Card does not charge a cross-currency usage fee. This means that you can transact in any currency without being charged an extra fee.

Goibibo ICICI Forex Prepaid Card, as is obvious from the name, is a co-branded forex card by ICICI Bank launched in collaboration with the travel portal Goibibo. The card comes with an initial issuance fee of Rs. 499 (plus GST), while no annual fee is applicable to the card.

Since it is a Goibibo co-branded card, you get many Goibibo exclusive benefits with the card, like a goCash+ gift voucher worth Rs. 500 and Goibibo vouchers worth Rs. 15,000 with the card as a welcome gift. Apart from these Goibibo exclusive benefits, you also get cab vouchers worth Rs. 1,000 on loading a minimum of USD 1,000 on the card, discounted rates on dining at Indian restaurants across Kuala Lumpur, Dubai, London, Singapore, Hong Kong, and Bangkok, and a comprehensive insurance plan with covers against air accident, checked-in baggage, loss of passport/ticket, etc.

Coral Prepaid Forex Card is another prepaid Forex card by ICICI Bank. The card has an initial joining fee of Rs. 499 (plus GST). However, an annual fee of Rs. 299 (plus GST) applies from the second year onwards.

Although the ICICI Coral Prepaid Forex Card does not have a reward structure (like Reward Points or cashback), it offers plenty of value-added benefits, like BookMyShow and Uber vouchers, a comprehensive insurance plan, complete card protection by OneAssist, etc. You may refer to this article for more information on the Card.

The IDFC FIRST Multi-Currency Forex Card stands out with its enticing zero issuance charges, making it appealing right from the start. Moreover, it offers the convenience of a replacement card in case of loss, ensuring peace of mind for travelers. What’s more, there are no charges for loading or reloading foreign currencies, making it a cost-effective choice for managing finances abroad. Whether working or on vacation, this Forex card will be useful for everyone going abroad.

The Yes Bank Multi-Currency card is one of the most beneficial cards in India as it is cost-effective and highly secure to use. You can get in touch with the online customer care department to help manage your card from anywhere around the world. Compared to most other cards, this one offers higher security and lower costs. The card supports over 10 currencies, and you get instant real-time SMS alerts whenever you transact with the card. You can analyze and check the previous 10 transaction details and can even temporarily lock the Yes Bank Multi-Currency card.

What are The Types of Forex Cards?

Forex cards are generally of two types. These have been classified on the basis of the number of currencies that they support. The following are the two major types of forex cards:

• Single Currency Forex Cards: Single Currency Forex Cards, as suggested by their names, support a single currency, and these cards are suitable for individuals who often travel to a particular country for some time. These cards can only be loaded in the one currency that they support.
• Multi-Currency Forex Cards: Multi-currency Forex Cards support multiple currencies and can be used in different countries without any additional charges. Nowadays, most card issuers offer multicurrency forex cards so that cardholders can travel all across the world with a single forex card.

Forex Cards – Features and Benefits

Like the general credit cards, some of the forex cards are also issued by the major card issuers in the country. These cards come with various features and benefits across different categories. Some of the common advantages of the forex credit cards are as follows:

• Rewards Rate: Some of the forex credit cards, such as the Axis Bank World Traveller Forex Card & Axis Bank Club Vistara Forex Card, also reward their customers in all their spends. As these cards are most suitable for international travelers, they offer travel-based rewards such as air miles, CV points, etc.
• Support Multiple Currencies: Almost all forex credit cards support not just one or two but multiple currencies, and hence, one can make transactions in different currencies and different countries without any hassle.
• Lounge Access: Some premium Forex credit cards also offer complimentary airport lounge access. These cards let you use the airport lounge facility without paying a usage fee.
• Other Features: Some cards also provide cardholders with complimentary insurance covers and zero liability protection against lost/stolen cards.

How to Use a Forex Card?

Unlike Credit Cards, a Forex card doesn’t come with a credit limit, but you need to load it on your own. Forex Cards are of best use when you are traveling to a different country, as these cards allow you to make transactions in foreign currencies. Load your card as per your requirements and as per the currency of the country you are traveling to.

After that, you can use your card, just like a debit or a credit card. You can withdraw cash in a foreign currency using your Forex card, which you can also use for online/in-store transactions anywhere.

How to Apply for a Forex Card?

Getting a Forex card is as simple as getting a general debit card. The only difference is that you might have to submit a few additional documents like your Passport, Visa, and other travel documents. So, just check the eligibility and document requirements on the respective bank’s official website or by contacting their customer care.

You can visit the branch with all the necessary documents and ask the bank officials if there is an offline procedure to apply for the card. If there is one, you can apply for the card by filling out the physical application form and completing all other formalities. You can also apply online for the card of your choice as follows:

• Visit the respective bank’s official website.
• Find an option to apply for a Forex card.
• Choose the card of your choice.
• Proceed further to apply for it and fill in all the required details in the digital application form.

Bottom Line

While credit cards are an extremely useful financial tool, using them while on foreign trips can cost you a lot. Almost all credit cards charge a mark-up fee of around 3.5% of the transaction amount (it may be less in the case of some premium and super-premium credit cards) on transactions made in a foreign currency. Therefore, it is always a good idea to carry a Forex card on foreign trips and use the same for foreign currency transactions.

As you can see above, the SBI Multi-Currency Foreign Travel Card has the lowest issuance fee of just Rs. 100 amongst all forex cards, and premium forex cards like HDFC Regalia ForexPlus Card and ICICI Sapphiro Forex Card can be used to make payments in any currency without any cross-currency usage fee. Then, there are also co-branded Forex cards like Axis Bank Club Vistara Forex Card, Goibibo ICICI Forex Card, MakeMyTrip HDFC ForexPlus Card, etc. You must find the right Forex card that best suits your needs. For example, for someone who does not travel very frequently, a simple and less expensive forex card like the SBI Multi-Currency Foreign Travel Card might be a good pick; on the other hand, if you fly frequently via a particular airline, say Air Vistara, an Air Vistara co-branded forex card like Axis Bank Club Vistara Forex Card will suit you the best.

You missed one of the most selling forex card. It’s Thomas Cooks Forex card. Same card is selling by many exchange houses and banks

I am planning to go to Europe for a year. Currently, I have a Diners Premium credit card from HDFC bank only. Can you suggest the best forex/debit or credit card that can help me save on exchange rates/taxes and can be widely used in Europe without any security issues? I have heard that Diners card acceptance is not good enough in Europe.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Save my name, email, and website in this browser for the next time I comment.

Add cards to start comparing

• Follow us on :

• PERSONAL FINANCE
• REAL ESTATE
• LEADERS OF TOMORROW
• Financial Reports
• Weight Loss
• Men's Fashion
• Women's Fashion
• Urban Debate
• Baking Recipes
• Breakfast Recipes
• Foodie Facts
• Healthy Recipes
• Seasonal Recipes
• Starters & Snacks
• Car Reviews
• Bike Reviews
• Cars First Look
• Bikes First Look
• Bike Comparisons
• Car Comparisons
• India Upfront
• Bollywood Fashion & Fitness
• Movie Reviews
• Planning & Investing
• Real Estate
• Inspiration Inc
• Cricket News
• ASIA CUP 2018
• Comparisons
• Business News >

ICICI Bank Travel Card: Charges, benefits and other details

A travel card is a smart, convenient and secure alternative to carry foreign currency while travelling overseas. with such travel cards, travellers can now avoid currency rate fluctuations..

New Delhi: With time, more and more Indians are going on international trips for business or leisure. A recent Bain and Company report revealed that a total of 26 million international trips were taken by Indians in 2018 and they spent $22 billion on these trips in total. As more Indians travel abroad, travel cards are becoming rather popular in the country.

A Travel Card is a smart, convenient and secure alternative to carry foreign currency while travelling overseas. With such travel cards, travellers can now avoid currency rate fluctuations and save cross-currency charges. These cards can be loaded easily and can be used to make payments only on international websites and merchant outlets overseas.

One of India's largest private sector lender, ICICI Bank also offers travel card facilities. Presently, the delivery of ICICI Bank Travel Card is available only in 10 major cities namely Ahmedabad, Bangalore, Baroda, Chandigarh, Chennai, Delhi, Gurgaon, Hyderabad, Mumbai and Pune. ICICI Bank offers Goibibo Travel Card, Sappihro Travel Card, Coral Travel Card and Multi-currency Travel Card.

Here's everything you need to know about ICICI Bank travel card

Documents required:

1. Form A2 cum application and LRS declaration

2. Self-attested copy of PAN Card

3. Original Passport along with self-attested photocopy

4. Original Aadhar Card along with a self-attested photocopy

5. Self-attested copy of VISA. (for non-ICICI Bank customer)

6. In case VISA is on arrival then a copy of air ticket to be taken (for non-ICICI Bank customer)

7. Any other supporting document if required as per RBI guidelines

How to apply for the card

1. Net Banking Method:

Step 1. Login to ICICI Bank Internet Banking

Step 2. Click ‘Forex & Travel Cards’ under ‘My Accounts’

Step 3. Click ‘Buy a new Travel Card’

Step 4. Enter the requisite details

Step 5.  The Travel card will be loaded and delivered at your doorstep within 3 working days.

iMobile app method:

Step 1. Open the iMobile app and go to 'Cards, Loans & Forex'

Step 2. Select 'Request Currency Notes or Travel Card' within Forex

Step 3. Fill in the requisite details

Step 4. Travel Card will be loaded and delivered at your doorstep within 3 working days.

ICICI Bank Forex Branch method:

Step 1. Walk into the nearest ICICI Bank Forex Branch

Step 2. Fill in the travel card application form

Step 3. Submit the requisite documents and show the original documents for verification

Step 4. Travel card kit will be provided immediately and the card will be loaded within one working day.

1. Joining fee: Rs 150, Reload fee: Rs 100, Inactivity fees USD 5.00 or equivalent for every 180 days of inactivity

2. Transaction fee: Point of Sale (POS)/Online - NIL; Cross currency fees: 3.5% + Goods and Service Tax (GST), Wallet to Wallet transfer fee: 2.5% of the transfer amount (from the destination wallet)

3. Cash Advance/ Cash at POS transactions fee: 0.5% of transaction amount. It is a facility through which ICICI Bank Travel Cardholders can withdraw cash by swiping their card at merchant outlets

4. Lost card replacement fee: International location – USD 20.00, Indian location – USD 3.00

5. Fee for uncapped ATM withdrawals: 0.75% of withdrawal amount

6. International SMS alert charges: Debited every 30 days from the highest order wallet with sufficient balance. In case of insufficient balance, the domestic mobile number will be updated by default

7. All fees and charges mentioned above are exclusive of taxes. Goods and Service Tax (GST) rate of 18% is levied

8. Additional fees for ATM transactions may be levied by the bank owning the overseas ATM used

Benefits: 

1. You can load your Travel Card and use it for making purchases at various merchant outlets and for making payments towards online transactions.

2. 3D Secure authentication enabled on ICICI Bank Travel Card offers additional security through a simple checkout process that confirms your identity when you make payments.

3. You can buy, reload, Refund online through internet banking or iMobile app.

4. You do not need to visit a bank branch or call Customer Care as you can manage all your Travel Card services through the ‘Self Care Portal’.

5. Visa cardholders can avail up to 59% discount on dining, shopping, stay and much more while travelling overseas with the ICICI Bank Travel Card. Mastercard holders can register for 'Priceless Cities' and enjoy the local experiences and discounts at various merchant outlets over the world.

6. The ICICI Bank Multicurrency Travel Card kit comes with a free Replacement Card along with the Primary Card. If you happen to lose/ damage the Primary Card, you can easily activate the Replacement Card without paying anything.

7. Wallet to Wallet transfer available on Multicurrency travel card.

8. Duty-free shopping at Indian airports.

9. Free comprehensive travel insurance and emergency travel assistance.

Get all latest Business News , Market News , Income Tax News , Share Market, Sensex Today live updates on Times Now

• Latest business News

Multicurrency Accounts

Best Multicurrency Cards Around the World

If you have a business that does cross-border transactions, you like buying from international ecommerce platforms, or you are a frequent traveler, you need to find the best multicurrency card. A multi-currency card can support multiple fiat currencies and/or cryptocurrencies. You can switch currencies held on your card from one currency to another. In this article, we are going to focus on multicurrency cards, their benefits, and some of the best multicurrency card providers around the world.

Multicurrency Cards: Key Takeaways

• Some multicurrency card providers set locked exchange rates to cushion users from frequent fluctuations in exchange rates.
• Most of the providers do not charge international transaction fees.
• Multicurrency cards are easy to use and are accepted globally. You can use them to make online payments and at POS terminals.
• 1 What is a Multicurrency Card?
• 2 Benefits of a Multicurrency Card
• 3 Multicurrency Card Providers
• 4 Summary of the Best Multicurrency Card
• 5 Multicurrency card FAQs

What is a Multicurrency Card?

A multicurrency card is a card that allows you to switch between multiple currencies. This means that you can switch your cash balance to different currencies. Multicurrency cards are essential for businesses that need to manage their spending and make cross-border transactions. Also, if you are a digital nomad or a frequent traveler to different countries, a multicurrency card is necessary for you.

Benefits of a Multicurrency Card

You enjoy the following benefits when you use a multicurrency card:

• Ease of use. You can use one card when you are traveling to multiple countries. There is no need to sign up for multiple cards. You can always switch currencies on your card and spend anywhere.
• Globally accepted. Multicurrency cards are accepted anywhere across the world, and you can use them to make payments.
• Locked-in rates. You don’t have to worry about fluctuation in exchange rates. Multicurrency card providers usually set locked rates when you load the card. Exchanges take place at POS terminals using an internal rate.
• Cost-effective. Multicurrency cards do not include markups and commissions from third parties, thereby making them cost-effective.
• Safe and secure. When you lose your multicurrency card, you can lock it or change your PIN online. It is also possible to unlock it online.

Multicurrency Card Providers

The following are some of the best multicurrency card providers you can consider.

Wise Multicurrency Card

Wise multicurrency card is one of the best multicurrency prepaid cards for frequent travelers. The card is offered by Wise , formerly Transferwise, a British fintech. It supports over 50 currencies and offers competitive exchange rates globally. It also has the lowest conversion fee and no international transactions or monthly or annual fees. Furthermore, it is also very cheap to send money overseas.

Wise Card Currencies

It supports over 50 currencies including USD, AUD, EUR, GBP, BGN, BRL, CAD, CHF, CZK, DKK, HRK, HUF, JPY, MYR, NOK, NZD, PLN, RON, SEK, SGD, and TRY.

Wise Supported Countries

Wise multicurrency card is supported in the UK, US, Australia, New Zealand, Singapore, Malaysia, Japan, Switzerland, and EEA.

To use Wise multicurrency card, you first need to open a Wise account. The prepaid card spends money from your Wise multicurrency account. Open your Wise account here .

Go Wise Card

HSBC Everyday Global Travel Card

HSBC Everyday Global Travel Card is one of the best multicurrency travel cards in Australia. Although this specific card is available only in Australia, HSBC offers multicurrency cards in all countries where it operates in. This means you can get HSBC multicurrency card in Hong Kong, Singapore, UK, etc. You will not be charged ATM fees when you transact with HSBC tellers, and no international transaction fees. Besides, it does not charge account maintenance fees, initial card fees, or currency conversion fees.

HSBC Card Currencies HSBC Global Travel Card supports up to 10 currencies: AUD, USD, GBP, EUR, HKD, CAD, JPY, NZD, SGD, and CNY. Note that CNY is on the list of restricted currencies .

HSBC Supported Countries

HSBC is supported in over 64 countries in Africa, Asia, Oceania, Europe, North America, the Middle East, Latin America and South America.

ING One Rate Credit Card

If you are interested in a multicurrency credit card in Australia, then ING One Rate Credit Card is one of the best choices. It is a multicurrency credit card that helps you use installment plans to pay off your purchase at low-interest rates. It does not charge international transaction fees on purchases. You also get up to 45 days interest-free on purchases and a low cash advance interest rate of 11.99%.

ING One Rate Credit Card Currencies It supports major currencies like USD, EUR, AUD, DKK, SEK, CHF, JPY, CAD, NOK, GBP, SAR, XAU, PLN, and RUB.

ING Supported Countries

ING is a multicurrency credit card in Australia.

Bankwest Breeze Platinum Credit Card

Bankwest offers one of the best multicurrency credit cards in Australia with the lowest interest rate of 9.90%. It does not charge international transaction fees on purchases, while the annual fee is very low. You also get up to 55 days interest-free on purchases. It has complimentary travel insurance.

The bank also offers the Bankwest Zero Platinum Mastercard, which is a no-annual-fee credit card that offers no foreign transaction fees on online and overseas purchases, as well as complimentary international travel insurance.

Supported Currencies

It supports the following currencies US dollars, Great Britain pounds, Canadian dollars, Danish kroner, Euros, Hong Kong dollars, Japanese yen, New Zealand dollars, Norwegian kroner, Singapore dollars and Swiss Francs.

Supported Countries

Bankwest is supported in over 200 countries like Canada, Denmark, India, Japan, New Zealand, Norway, European Union, the United Kingdom, Hong Kong, Papua New Guinea, Singapore, South Africa, Sweden, Switzerland, and the United States.

Revolut Travel Card

Revolut travel card has one of the best exchange rates globally. It supports over 27 currencies and does not charge international transaction fees. You can use it to instantly access a wide range of cryptocurrencies. It does not charge annual or monthly fees or card initial fees.

Revolut Card Currencies

Some of the currencies it supports include AED, AUD, BGN, CAD, CHF, CZK, DKK, EUR, GBP, HKD, HRK, HUF, ILS, JPY, MXN, NOK, NZD, PLN, RUB, QAR, RON, SAR, SEK, SGD, THB, TRY, USD and ZAR.

Revolut Supported Countries

Revolut is supported in the following countries: Austria, Belgium, Bulgaria, Croatia, Finland, Ireland, Italy, Latvia, Poland, Liechtenstein, Lithuania, Germany, Greece, Hungary, Iceland, Czech Republic, Luxembourg, Malta, Netherlands, Norway, Republic of Cyprus, France, Denmark, Estonia, Portugal, Romania, Slovakia, Slovenia, Spain and Sweden.

Go Revolut Card

DBS Multicurrency Card

The DBS Multicurrency Card is a debit multicurrency card in Singapore that allows you to make purchases and cash withdrawals in up to 11 different foreign currencies without incurring any foreign exchange fees. By linking your card to a DBS My Account, you can hold 12 different currencies. It enables you to enjoy complimentary ATM withdrawals at DBS and POSB ATMs across Singapore, while a nominal service fee of S$7 applies to ATM withdrawals from overseas Visa/Mastercard ATMs.

DBS Card Currencies

With DBS multicurrency card, there are no foreign exchange fees when spending or withdrawing money in 11 supported currencies: Australian Dollar (AUD), Canadian Dollar (CAD), Euro (EUR), Hong Kong Dollar (HKD), Japanese Yen (JPY), New Zealand Dollar (NZD), Norwegian Kroner (NOK), Sterling Pound (GBP), Swedish Kroner (SEK), Thai Baht (THB), US Dollar (USD).

Qantas Premier Platinum Credit Card

Qantas Premier Platinum is a good multicurrency travel card. You get 90,000 points when you sign up, and it doesn’t have a cap on the points you earn. For every dollar you spend overseas, you earn 1.5 points. You also earn points when you spend in Australia and get two times entry to Qantas Club or Business Lounge per anniversary year.

Qantas Premier Platinum Credit Card supports 11 currencies including USD, GBP, EUR, THB, NZD, SGD, HKD, CAD, JPY, AED, and Australian Dolar.

You can apply for a Qantas multicurrency card if you are a permanent Australian resident, and you are a Qantas Frequent Flyer member. You can use Qantas Premier Platinum Credit Card in most of the countries around the world. However, it is not supported in countries with sanctions like Iran, North Korea, Sudan, Cimea, and Syria.

Multicurrency Card in Nigeria

• First Bank Nigeria is offering a Visa multicurrency debit card. It is the first of its kind in Nigeria. It supports the following currencies: NAIRA, USD, EURO and GBP. Furthermore, it has an issuance fee of N1,000 and no fees for local ATM withdrawals. Its International ATM withdrawal fee is $3 or its equivalent in Euro and GBP. There is a maintenance fee of N50 and an annual maintenance fee of $20. Transactions at POS are free

HDFC Multicurrency ForexPlus Card

HDFC Bank Multicurrency Card is one of the top multicurrency cards in India. It supports up to 22 currencies and offers utmost security to your funds. You can use the card to make contactless payments or use it for online transactions. Transactions are authenticated with an OTP. It is ideal for people who settle abroad in countries like Canada and New Zealand, people going to work abroad, people who are travelling abroad for treatment and students pursuing studies abroad.

Supported currencies include USD, EUR, GBP, AED, AUD, BHD, CAD and CHF.

Multicurrency Forex Card is offered in India, and it works in many countries including Austria, Belgium, Denmark, France, Germany, Italy, Malaysia, Netherlands, New Zealand, Norway, Portugal, South Africa, Spain, Switzerland, Sweden, United Kingdom, Australia, Canada, Hong Kong, South Korea, Thailand, Japan, Greece, Bahrain, Croatia, Czech Republic, Monaco, Poland, Saudi Arabia, Singapore, UAE and USA.

Thomas Cook Multicurrency Card

Thomas Cook offers two types of multicurrency cards; Thomas Cook Travel Prepaid Card and Borderless multicurrency prepaid card. For Thomas Cook Borderless multicurrency prepaid card, you can load nine different currencies. You can use the card for all your forex needs. With Thomas Cook travel card, you can use it if you frequently travel to different countries. You can use it to make payments when you are on a trip and foreign exchange. Thomas Cook’s multi-currency card comes with an insurance cover of up to USD 10,000.

It supports currencies like US Dollars, Sterling Pounds, Australian Dollars, Singapore Dollars, Euros, Canadian Dollars, Swiss Francs and Arab Emirates Dirham, and Thai Baht.

ICICI Multi-Currency Travel Card

The ICICI Multi-Currency Travel Card, offered by ICICI Bank, is a multicurrency card in India designed for international travel. It lets you easily spend and withdraw money in various foreign currencies while you’re abroad. This card works at merchants and ATMs worldwide that accept VISA cards.

The card is available to Indian residents who are 18 years or older and can be applied for online or at any ICICI Bank branch. There’s a card issuance fee of ₹150, along with a loading fee of ₹100 per currency.

ICICI Travel Card Currencies

You can load the card with 15 foreign currencies: the United States Dollar (USD), Great Britain Pound (GBP), Euro (EUR), Canadian Dollar (CAD), Australian Dollar (AUD), Singapore Dollar (SGD), United Arab Emirates Dirham (AED), Swiss Franc (CHF), Japanese Yen (JPY), Swedish Krone (SEK), South African Rand (ZAR), Saudi Riyal (SAR), Thai Baht (THB), New Zealand Dollar (NZD), and Hong Kong Dollar (HK

MasterCard Multicurrency Cash Passport

The MasterCard Multi-currency Cash Passport is a prepaid Mastercard currency card. You can load multiple currencies onto it before you travel at the most current foreign currency exchange rates, and then use it in millions of cash machines worldwide, to access your money quickly and safely. You can exchange currencies at competitive rates, and make online payments.

The Multi-currency Cash Passport supports Euros, US Dollars, Australian Dollars, Canadian Dollars, New Zealand Dollars, South African Rand, Turkish Lira, Swiss Franc and Emirati Dirham.

You can apply for a MasterCard Multicurrency Card in Australia, Brazil, Japan, New Zealand, United Kingdom, Canada, France, Malawi, Mexico, the Netherlands, South Africa, UAE and Zimbabwe.

Summary of the Best Multicurrency Card

When selecting a multicurrency card, you need to consider the supported currencies, currency conversion fees, annual fees, and international transaction fees. Make sure to go for a multicurrency card that offers you full benefits and is secure enough. Ultimately, it is also good to consider what your needs are.

Multicurrency card FAQs

What's a multicurrency card.

A multicurrency card, also known as a multi-currency prepaid card or forex card, is a type of payment card that allows you to load, store, and spend multiple currencies on a single card. It's designed to provide travelers or individuals who frequently make international transactions with a convenient and cost-effective way to manage different currencies. It helps them to avoid paying high currency conversion fees.

Which multi currency card is best?

Some of the most popular and best multicurrency cards include: Wise Multicurrency Card, HSBC Everyday Global Travel Card, Revolut Travel Card, Multicurrency Card Thomas Cook, Qantas Premier Platinum Credit Card, and Bankwest Breeze Platinum Credit Card.

How a multi currency card works

A multi-currency card is like a special money card that you can put different types of money on. This lets you make purchases or take out money in different countries without needing to change your money. When you buy something or take out money with this card, it changes the money into the local currency in that country automatically. This means that you will always get the best possible exchange rate. Multi-currency cards are a great way to save money on currency exchange fees.

What's a dual currency card?

A dual currency card is a type of debit or credit card that allows you to hold and use two different currencies in one card.

Is travel card and forex card same?

A travel card and a forex card serve similar purposes for international travelers, providing convenient and secure ways to access funds abroad. However, they differ in key aspects. A travel card can hold multiple currencies with varying exchange rates and fees, while a forex card is loaded with a single foreign currency at a fixed exchange rate. Travel cards offer broader acceptance but may vary by currency, while forex cards are designed for specific countries. Travel cards are often reloadable online, whereas forex cards may or may not be.

Research: FiFi Finance Team

FiFi Finance is a financial website. We are an online resource for everyone who wants to learn more about financial matters. We provide information on topics such as bank accounts, investments, loans, and personal financial management. Our dedicated and experienced team of finance experts wishes to improve financial literacy, by making finances work for everyone. Your feedback is appreciated. Read more about us .

Prepaid Cards for International Travel: Forex card in India List 2024

Having an international tour scheduled, looking for the Best Prepaid Travel Cards  or Top Forex Cards ? Let us take you on a joyful ride exploring some of the best prepaid cards for international travel. Your trip may be for business, academic or leisure purposes, you have a whole lot of choices.

One gets excited and thrilled when thinking of travelling abroad and visiting new places and people. But, you often find it difficult to manage cash or currency all the time. This is when good travel credit cards come to your rescue. Different banks have introduced a wide range of Prepaid travel cards to support you in your foreign travel. Coupled with a number of benefits and offers, these are an easy and convenient way to handle your payments abroad.

Prepaid travel cards are an easy to use, cost-effective and secure option than carrying hard cash/currency or travellers cheque while travelling in a foreign country. These travel cards are accepted world-wide at retail outlets or e-commerce transactions. You just have to buy one and get it loaded with your chosen foreign currency like USD,GBP,CAD,AUD etc.

Prepaid travel cards or forex cards are available as: Single currency Card (that come with single currency) or Multiple currencies cards  ( loaded with multiple currencies) to ease out your journey at various destinations around the world.

Prepaid Travel Cards or Forex cards India: Overall Benefits

• Prepaid travel cards are available as Visa or MasterCards.
• Travel Cards are accepted worldwide at different places.
• Enjoy locked-in exchange rate on the day of loading your card.
• A cheaper and an affordable way to save yourself from high exchange rate fluctuations.
• You can get better rates than traveller cheques, international debit cards and currency exchange.

Now, if you are planning for a holiday or a foreign trip, you surely need to gather some deeper insights on the Prepaid travel cards and their benefits. Prepaid travel cards: Your perfect travel companion that let you enjoy your holiday or business tour or international trip as a student.

5 Best Prepaid Travel Cards or Forex Cards in India

We have researched and are discussing 5 of the popular prepaid travel cards offered by the leading banks in India.

1. ICICI Bank Travel card:

If you are going overseas, this ICICI prepaid foreign currency travel card shall help you manage your expenses in a comfortable way. The salient features of this card are as follows:

ICICI Bank Travel Card: Features

• You can purchase or reload this card online.
• Instant loading and activation after purchase.
• Free replacement card facility in case of loss/theft or damage.
• You can avail great discounts/offers at merchant outlets, shopping and travel around the world.
• Manage your dining, shopping and other expenses in a hassle free manner.
• Enjoy Duty free shopping at Indian airports with ICICI Multi-currency card.
• Real time account management and useful online features are offered.
• Additional benefits like comprehensive travel insurance, emergency travel assistance etc.

You primarily get 3 variants of ICICI Travel Card :

• ICICI Multi-Currency Travel Card : This is ideal for frequent travellers to multiple destinations.A single card supporting upto 15 currencies including USD, GBP, EUR, CAD, AUD, SGD, CHF, JPY, SEK, ZAR, SAR, THBAED, NZD, HKD.
• Student Travel Card : A perfect fit for student travellers. It offers payment of student fees like GMAT, TOEFL and university and hostel fees. Book international flight tickets, shopping and other purchases can be done through this card. Presently available in 5 currencies: USD, GBP, EUR, CAD, AUD.
• Single Currency Travel Card : This is most suitable if you are going to a single destination especially for a holiday. This is available in 9 currencies : USD, AUD, CAD, GBP, SGD, AED, JPYCHF, EUR.

Not to miss out, How to trade in International Market from India?

2. IndusInd Bank Travel Cards

IndusInd prepaid travel card offers you an easy and fast way to purchase and load currency by following a simple online process. A perfect solution and convenient mode to carry currency in a card for all your forex needs while travelling overseas. Cashless and secure transactions to make your foreign trip a memorable one.

IndusInd Travel Card: Features

• You can simply buy your card online and load it with your desired currencies.
• IndusInd card comes with an embedded chip offering increased protection.
• In-built and enhanced security features to ensure the safety of your transactions.
• Make bookings, enjoy shopping, dine out and grab other exclusive benefits with the IndusInd travel cards.
• A widely accepted travel card at numerous merchant establishments around the globe.
• You also get insurance coverage, an added advantage of this travel card.
• Get protection against exchange rate fluctuation as well.
• You can withdraw at VISA ATMs to have that country’s currency.
• Easy access to your card details anywhere and anytime through the online portal.

IndusInd Travel Cards are of 2 types:

• Indus Forex Card : Indus Forex card comes with 16 currencies for remittance including USD, GBP,CAD, AUD, SGD, SAR, AED and few more.
• Indus Multi-currency Card :  This one is for frequent travellers who visit a number of destinations since managing multiple currencies becomes an easy affair with this card. Multi-currency card supports 8 currencies that include USD,  AUD, CAD, Euro, GBP, SAR, SGD and UAE Dirham.

You may also like: Best Travel Credit Cards in India

3. HDFC Bank Travel Cards

HDFC gives you a wide variety of travel cards to select from based on your preferences and usage. The HDFC travel card list comprises of :

• HDFC Forex Plus Card: This is a popular choice and a favourite of international travellers. Both Visa and Mastercard options available on this prepaid card.
• HDFC Forex Plus Chip Card
• HDFC Forex Plus Platinum Card
• Hajj Umrah ForexPlus Card: This card is specially designed for Hajj & Umrah pilgrims.
• HDFC Multi Currency Platinum Forex Plus Chip Card
• ISIC Student ID Forex Plus Chip Card: A perfect fit for students going abroad for study.

Here is a table showing the various useful details on different HDFC forex cards:

4. Axis Bank Travel Cards

Another leading bank that provides 2 kinds of travel cards to make your overseas trip a comfortable one. Axis Travel Cards also give you protection from exchange rate fluctuations. You can use this card at Visa merchant locations, make online purchases and make other payments using this travel card.

1. Multi-currency Forex Card :  You can load it with upto 16 currencies like USD, EUR, AUD, CAD, GBP, SGD, JPY, CHF, SAR, ZAR, NZD, THB, AED,  HKD etc.

This further comes in 3 different variations:

• Multi-Currency Forex Card
• Contactless Multi-Currency Forex Card
• Multi-Currency Image Card

2. Axis Travel Currency Card : A widely accepted card at VISA/MasterCard merchant outlets and online retailers. Enjoy duty free shopping at international airports in India with this card. This card is available in a variety of 11 popular currencies including USD, GBP,AUD, CAD, SGD, EUR,  CHF, SEK, JPY, AED & SAR and comes packed with few loaded features plus benefits to make your travel convenient.

The Priority banking customers of Axis Bank are charged a flat fee of Rs.50+GST for Initial sale fee of a prepaid travel card.

5. SBI Foreign Travel Card

SBI offers the SBI foreign Travel Card that has been specially designed to cater to your travelling needs abroad. Another worldwide accepted travel card that you can use to clear your shopping,dining and other purchases done abroad. This also comes with several benefits and help you in saving from the hassles of carrying cash. SBI Foreign Travel card is presently available in 8 foreign currencies including USD, CAD, AUD, SGD, SAR, YEN, EUR and GBP.

There are forex cards offered by Standard Chartered Bank, Yes Bank, Indian Overseas Bank and many others to add upon. We shall be enhancing our list with their features as well, as and when we compile the same.

Important :  *GST is applicable in addition to the basic fee and charges.

Please note that the above information has been given on “as is” basis. It may vary at a later date. Kindly check all the details including charges with the respective banks before applying for any of the prepaid travel cards.

So, this was our list of Best Prepaid Travel Cards that can be instrumental in giving you a stress free journey overseas. Did we miss out any important travel card name from the above list? or Do you wish to include any reliable prepaid card to our list? If yes, add it in the comments for us to have a look at its features.

Prepaid Travel Cards or Forex Cards: A Final Take

Prepaid travel cards or Forex cards are for the benefit of travellers in general. Easy loading and online management further eases out their usability features. Moreover, a multi-currency card allows you to load more than one currency into a single card. That’s really great !

As per our personal views and research ,  HDFC and ICICI travel cards have been a preferred choice for international travellers. However, IndusInd travel cards have gained a lot of popularity recently owing to the exclusive benefits and their customer-friendly services. This seems to be a great choice and a perfect answer to your money needs at a foreign destination.

Have you noticed one important thing? These travel cards have few features in common like Worldwide acceptance and easy online availability of the card. So, the one that provides  certain additional benefits is likely to outperform the other. Of course, in this digital world of increasing competition, the one with the best services emerges out as a winner.

The next time when you plan your international trip, may it be a business, leisure or study tour, just make sure to have at least one handy prepaid travel card with you throughout your journey. Prepaid travel cards are indeed a great way to save you from the hassles of carrying physical currency at different places. So, why not lighten your burden and make use of these wonderful alternatives and make your travel trip a memorable one.

Have you used any of the above or any other prepaid travel cards? Which is your favourite forex card? How was your experience using it at a variety of places? Any feedback you wish to share, feel free to discuss in the comment section.

3 thoughts on “Prepaid Cards for International Travel: Forex card in India List 2024”

Well written and informative post. Very well comparison between the AXIS, ICICI, HDFC, Indusland and SBI prepaid travel cards. I think we can get some great deals on these cards from online Foreign exchange vendors.

And this it, IndusInd bank works for me. I am their loyal customer too. I had called them and rechecked them. Very well written article. 10 points for the simple explanation.

I didn’t know there are so many forex cards. Nice explanation given for each of them.

Leave a Comment Cancel reply

Save my name, email, and website in this browser for the next time I comment.

This site uses Akismet to reduce spam. Learn how your comment data is processed .

Wait!! Start Investing for FREE

FREE Equity Delivery/FREE Direct Mutual Fund Investment 

Join 1+ crore Investors & Traders!!

* Zerodha: Leading Discount Broker in India*

Comparing Forex Cards: Which One is Right for You?

• Post author By Forex Academy
• Post date 21 October, 2023
• No Comments on Comparing Forex Cards: Which One is Right for You?

Comparing Forex Cards: Which One is Right for You?In today’s interconnected world, foreign travel and international business are becoming increasingly common. With this comes the need for a reliable and convenient way to manage your finances while abroad. Forex cards have emerged as a popular solution for travelers and forex traders alike. These prepaid cards…

1. HDFC Forex Card:

2. ICICI Forex Card:

3. axis bank forex card:, 4. sbi forex card:, 5. thomas cook forex card:.

Related posts

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

SBI Forex Card vs ICICI Forex Card: Which is Better

Adrika Singh

Updated on: June 11, 2024

SBI Forex Card vs ICICI Forex Card: Today, Forex Cards have become one of the safest, most reliable, and most affordable options to carry money while travelling abroad. Many banks provide Forex cards for international students with different features and benefits. For example, Axis Bank’s ‘Multi-Currency Forex Card’ allows you to carry up to 16 widely used currencies in one card, and HDFC Bank’s ‘ISIC Student ForexPlus Card’ acts as a ‘dual card’ i.e, it is both a currency card as well as a student identity card. Hence, Forex cards have become very popular and a convenient way to carry out transactions in different foreign currencies.

In this blog, we are going to understand what Forex Cards are, what are their benefits and features, and then take a look at the differences between the Forex Cards offered by two of the most trusted banks in India – the State Bank of India (SBI) and the ICICI Bank.

Table of contents

What are forex cards, features of forex cards, sbi forex card, state bank foreign travel card – benefits & features , state bank foreign travel card – fee & charges, state bank multi-currency foreign travel card – benefits & features, state bank multi-currency foreign travel card – fee & charges, icici forex card – benefits & features, icici forex card – fee & charges, difference between sbi forex card & icici forex card.

Forex cards are prepaid cards issued by banks and financial institutions that can be used either as a debit card or a credit card. They are also known as travel cards and are specifically designed keeping in mind the needs of international travellers and students. They are a convenient way of carrying foreign currency and using it for transactions. Forex cards serve as the easiest tool to manage your expenses abroad and there are different types of forex card options available for students planning to study abroad.

There is a multitude of benefits of having a Forex card such as:

• A means of using multiple foreign currencies: They can be loaded with multiple foreign currencies, making it easier for users to make transactions in the currency of their choice without having to convert money each time.
• Instant reloading facility: The card can be easily reloaded with money through Prepaid NetBanking.
• Obtaining cash in local currency: The card can be used to obtain cash through an ATM in local currency.
• Online transactions: By using a Forex card you can easily make online purchases and transactions on international websites.

Also Read: SBI Forex Card: Rate, Issuing Branches, Benefits, Withdrawal

The State Bank of India is one of the most trusted banks in India and offers two types of forex cards – the ‘State Bank Foreign Travel Card’ and the ‘State Bank Multi-Currency Foreign Travel Card’, while the former is available on a VISA platform, the latter is available on a MasterCard platform. Let’s take a look at them in detail.

State Bank Foreign Travel Card

The State Bank Foreign Travel Card is a prepaid international currency card giving the freedom to the cardholder to carry cash anywhere across the globe except India, Bhutan, and Nepal. The card allows the usage of eight different foreign currencies like US Dollar (USD), Euro (EUR), Pound Sterling (GBP), Japanese Yen (YEN), Singapore Dollar (SGD), Australian Dollar (AUD), Canadian Dollar (CAD), and Saudi Riyal (SAR).

The various benefits and features of the State Bank Foreign Travel Card are listed below:

• The card is issued on the Visa International platform.
• The card can be used for various purposes like travel, medical, education, etc.
• It allows the cardholder to load and reload a minimum amount of USD200/ AUD200/ SGD250/ GBP120/ Euros150/ SAR750, and CAD200.
• Provides the cardholders with access to competitive exchange rates.
• These cards can be reloaded multiple times as per the need within the limits of FEMA/RBI regulations.

Also Read: ICICI Forex Card for Students

State Bank Multi-Currency Foreign Travel Card

This card gives the choice to the cardholder to load the card with their choice of currency/currencies. Since the card can be loaded with multiple currencies, it can be used in different countries and is thus suitable for international students and travellers. As this card is available on a MasterCard platform, it can be used on ATMs that accept only MasterCard.

Some of the benefits and features of the State Bank Multi-Currency Foreign Travel Card are:

• Cardholders can withdraw local currency at more than 2 million ATMs across the globe accepting MasterCard cards.
• The card can be loaded with different currencies including US Dollars, Euros, British Pounds, Singapore Dollars, etc.
• These cards are PIN and chip-protected.
• The cardholders are not required to give any information about their bank accounts while using the card.

ICICI Forex Card

Like other banks, ICICI Bank also provides Forex Cards and there are four different variants of ICICI Forex Card. Below are the details of these four variants-

The following are the various benefits and features of the ICICI Forex Card-

• It comes with the superior ‘3D secure authentication’ which provides additional security features.
• The card comes with numerous discounts and offers and can be used while shopping and dining out.
• A user can easily buy, refund, or reload the ICICI Bank Forex Card online.
• The card offers a total of 15 currency wallets including GBP, USD, CAD, EUR, AUD, SGD ETC.

The details about the charges of the ICICI Forex Card are mentioned below:

The major difference between the SBI Forex Card and ICICI Forex Card is the number of variants, fees and charges and number of currencies. The details about these differences are tabulated below:

Both the cards come with their special features and choosing one over the other will depend on your preferences. In terms of the number of variants and currencies, the ICICI Bank card provides more choices but in terms of annual fees SBI Forex card is more affordable.

There are four variants of ICICI Bank Forex Cards and they are- -Student Contactless Forex Prepaid Card -Sapphiro Forex Prepaid Card -Coral Forex Prepaid Card -Multi-Currency Forex Prepaid Card

ICICI Forex card provides 15 currency wallets including the United States Dollar (USD), and Great Britain Pound (GBP), among others.

A Forex Card is a good option for students travelling abroad. It is a secure and convenient way of carrying foreign currencies. A lot of banks today provide different types of forex cards, including the State Bank of India (SBI) and ICICI Bank. If you are planning to study abroad or go on an international trip then having a Forex Card will make things a lot easier for you. Choose a card from a bank that will best suit your needs.

To know more about the forex cards of different banks, the best international bank accounts for students , forex and banking experience for global students or international money transfers , reach out to our experts at 1800572126 to help ease your study abroad experience. Follow our social media handles on Twitter , LinkedIn and Instagram . 

Follow Us on Social Media

About Adrika Singh

Leave a comment cancel reply.

Save my name, email, and website in this browser for the next time I comment.

Latest Blogs

Education Loan

How to Fill Union Bank Education Loan Form: A Step-by-Step Guide

International Money Transfer

How Much Cash You Can Carry Abroad Legally? 

Scholarships

National Overseas Scholarship: Eligibility, Benefits, Deadline

Italian Government Scholarship for International Students 2024

Top MBA Scholarships in Ireland for Indian Students

Government of Ireland International Education Scholarships (GOI-IES)

Great Wall Program Scholarships to Study in China

British Council Scholarships for Women in STEM 2025

ITR Requirement for Education Loan: Check All Details Here 

Education Loan for MTech Abroad 2024: Top Banks, Interests, Eligibility

Top Scholarships to Study in the UK

Commonwealth Masters Scholarships for Indians to study in the UK

Crack the Google PhD Fellowship Program 2025

Amber Scholar Scholarship: A Complete Guide

Zolve Global Scholarships for Studies in the USA 2024-2025

Latest Web Stories

© LEVERAGE ED-TECH PVT LTD

Send Money Abroad in

Request a callback, get an education loan at the lowest interest rate, thank you your call request has been submitted.

Our team will connect with your shortly

• Personal Loans
• Business Loan

Credit Report

Credit Card

Icici bank student travel credit card.

The ICICI Bank has designed a Student Travel Credit Card to make it easier for an overseas student to pay the application fee and charges, course-related expenses, hostel fee, and day-to-day living expenses, while their parents can reload the card from India. ICICI Bank is one of the largest private sector banks in the country that has launched this card which enables students going abroad for higher studies to take care of their expenses.

Features of ICICI Bank Student Travel Credit Card

• It is a convenient, safe, and hassle-free way to manage their education-related expenses abroad.
• The card allows withdrawal from ATMs across the globe in local currency.
• Get the benefit of free comprehensive travel insurance, lost card liability insurance, and a replacement card which can be activated easily by calling an international toll-free number in the event of loss/ damage of the primary card.
• The unique feature of the card is that it makes the cardholder enjoys the membership of the International Student Identity Card (ISIC). It is the only internationally accepted proof of full-time student status and offers 40,000 benefits and discounts at 1.2 lakh merchant outlets across 130 countries.
• It is valid for three years and can be applied for from any foreign exchange-enabled ICICI Bank branch. Anyone, including non-customers, can apply for this card.

Benefits of ICICI Bank Student Travel Credit Card

• Avail of the benefits of International Student Identity Card (ISIC) membership worth Rs.590
• Avail of the benefits of Card Protection Plus insurance worth Rs.1,600
• Get up to 40% discount on excess baggage and 20% discount on courier services availed through DHL
• Avail of the Croma shopping vouchers
• Enjoy lost card or counter card liability coverage of up to Rs.5 lakh

The eligibility criteria to apply for ICICI Bank Student Travel Credit Card

• The minimum age to apply for an ICICI Credit Card is 21 years and the maximum is 65 years
• Must have a stable monthly income.
• Good credit score. It should be either 750, or above
• A resident of India or NRI.
• ICICI Bank Student Travel Card should be issued from ICICI Bank branches, Forex@Click, or iMobile app
• The minimum cumulative spend of the day should be USD 200 (or equivalent in other currencies).
• Students under the age of 18 will be issued an add-on card, while the primary card will be issued to the parents.

The documents required to apply for a Credit Card

• Identification Proof – PAN Card/Aadhaar Card/ Passport/ Driving License
• Residence Proof – Aadhaar Card/ Passport/ Driving License/Electricity Bill/Telephone Bill
• Education Loan Account Statement
• Fixed Deposit Account Receipt
• Passport Size Photograph
• Student ID Card

ICICI Student Credit Card fees and Charges

How to apply for ICICI Credit Card at IndiaLends Platform

We provide you hassle-free and simple ways to apply for a credit card. You have to enter few basic details and we suggest the best credit card offers for you. Follow the steps given below to apply:

• Click here to start the application process.
• Enter your basic details like occupation, monthly income, city, and contact number. You will now see a list of credit cards for which you meet the basic eligibility criteria.
• Find your preferred ICICI credit card from the list and check your eligibility for the same.
• If eligible, you can complete the online application

Once you apply, you will get a call from our representative who will assist you in delivering the credit card of your choice to your doorstep.

Though we are not dealing with Student Credit Cards at present IndiaLends has collaborated with the top banks to offer you a low-annual fee or a lifetime free credit card. It can work well for students also. You can check here our range of credit cards and choose the one that suits you well.

Types of Credit Cards

Top credit card providers, best credit cards of axis bank, best credit cards of bank of baroda, best credit cards of hdfc bank, best credits cards of hsbc bank, best credit cards of icici bank, best credit cards of idfc bank, best credit cards of indusind bank, best credit cards of kotak bank, best credit cards of rbl, best credit cards of standard chartered bank, best credit cards of sbi, best credit cards of yes bank.

Copyright 2024 GC Web Ventures Pvt. Ltd. All Rights Reserved

Personal Loan

A personal loan is a credit facility that does not require collateral and is offered by banks and NBFCs to employed individuals. IndiaLends, the largest online personal loan provider in the country, has assisted over 150,000 customers and collaborates with more than 70+ RBI-Approved partners to offer personal loans tailored to different customer profiles. Here are some notable features of the convenient personal loans available through IndiaLends.

Personal Loan Interest Rate

The interest rates offered to customers are subject to variation based on their individual profiles. Typically, loan rates begin at approximately 10.25%. To improve the likelihood of obtaining a loan at a lower interest rate, it is advisable to maintain a strong credit history. Ideally, a CIBIL score above 750 is considered favorable.

Personal Loan Tenure

The repayment period for a Personal Loan typically ranges from 3 months to 6 years, allowing borrowers to choose a tenure that aligns with their requirements. Whether one needs a short-term or long-term loan, they have the flexibility to select a suitable repayment duration. However, it is crucial to ensure that the Equated Monthly Installment (EMI) amount is manageable and can be comfortably repaid each month.

Documents required to apply for a Personal loan

Financial institutions typically require certain documents before approving and disbursing a loan. These documents include identification proof, address proof, a copy of the PAN card, salary slips, recent bank statements, photographs, ECS mandates, and post-dated cheques.

Personal Loan With Zero Pre-Payment Fee

Certain NBFCs offer customers the flexibility to fully repay the loan amount or make partial pre-payments towards the principal. However, specific terms and conditions are typically associated with such pre-payments. For instance, pre-payment is usually allowed after 12 months, and a pre-payment fee may be levied on the repaid amount. Nevertheless, these terms may vary depending on the product, so it is essential to seek clarification from your lender regarding pre-payment policies before the loan disbursal.

Low-Interest Personal Loan

As discussed earlier, the interest rates for personal loans can vary based on the customer's profile. IndiaLends employs algorithms to strive to obtain the most competitive interest rate product available for each customer.

Personal Loan From Banks

Banks are financial institutions registered with the Reserve Bank of India (RBI) and engaged in various activities such as accepting deposits and providing loans. In addition to universal banks, the RBI has recently introduced payment banks and small finance banks. However, only universal banks and small finance banks are authorized to lend to individuals. Applying through IndiaLends offers the simplest method to obtain a personal loan from the leading banks in the country. IndiaLends has established collaborations with renowned banks and NBFCs, including HDFC, ICICI, RBL, IndusInd, Kotak, Yes Bank, and more.

Personal Loan From NBFCs

NBFCs are non-banking financial institutions registered with the Reserve Bank of India (RBI), primarily engaged in lending to individuals and businesses. Unlike banks, NBFCs are generally not authorized to accept customer deposits. They rely on borrowing funds from banks for their lending activities, which often results in comparatively higher interest rates on Personal Loans than those offered by banks. Additionally, NBFCs tend to cater to a higher-risk profile segment, leading to higher acceptance rates for loan applications.

Private Financing

It is advisable to get a personal loan from an RBI regulated entity like a Bank or an NBFC. Because they are governed by RBI rules, the practices of these organisations tend to be fairer from both, interest rates and collections perspective. The other big advantage is that these companies report loan performance back to CIBIL, Experian, Hi-Mark, etc. This means that your credit score will improve when you make timely payments so that you can get cheaper loans in future.

New To Credit Loans

Although CIBIL and Experian maintain records for more than 150 million individuals, a significant majority have never borrowed from an RBI-regulated financial institution that is a member of a credit bureau. As a result, these individuals lack a credit bureau record, meaning they have no credit history or credit score. Due to the absence of a credit file, they often encounter difficulties in securing loans from financial institutions. However, IndiaLends has forged special partnerships with various banks, enabling them to assist some individuals who are new to credit (with thin credit files) in accessing low-interest personal loans.

Recently Declined Personal Loan Application

A significant number of consumers face loan application rejections from banks due to factors such as inadequate credit history, limited affordability, insufficient supporting documents, and more. However, IndiaLends can assist some of these customers in obtaining affordable loans through collaborations with specialized NBFCs.

Banks and NBFCs Partners

IndiaLends has established partnerships with a comprehensive range of lending institutions, encompassing both prominent and smaller entities. Our collaborations include renowned banks such as HDFC, ICICI, SBI, Kotak, IndusInd, Tata Capital, Bajaj Finserv, IDFC First, IIFL, IndiaBulls, RBL Bank, DHFL, Aditya Birla Finance, American Express, among others, ensuring a wide array of options for our customers.

Loans For Phones / Desktops / Laptops And Tablets

IndiaLends offers easy installment personal loans starting from as low as Rs. 25,000 for customers who wish to purchase the latest gadgets, whether it's an iPhone 7 or a MacBook Pro. This allows individuals to acquire their desired gadgets through manageable loan amounts and easy repayment options.

EMI Without Credit Cards

While e-commerce marketplaces offer convenient EMI options for significant purchases, these benefits are typically limited to customers who already possess credit cards. Unfortunately, this privilege extends to only a small proportion of the population, approximately 10 million individuals across the country. However, IndiaLends provides an accessible solution through its online personal loan, enabling individuals to swiftly make large-ticket purchases on e-commerce platforms and convert them into affordable EMIs. This expands the opportunity for a broader segment of customers to enjoy the convenience of EMI-based shopping on e-commerce portals.

A credit report serves as a financial report card, encompassing historical data regarding an individual's loans and credit cards. Various types of loan accounts are included, such as Credit Cards, Personal Loans, Home loans, gold loans , Car loans, Two-Wheeler loans, business loans , Loan against Property, Agriculture loans, and more. Each account provides detailed information about repayment history, loan amount, tenure, open and close dates, and other relevant details. Credit Bureaus utilize this information to assess the risk associated with an individual, resulting in a credit score. The credit score ranges from 300 to 900, and a higher score increases the likelihood of loan approval. In India, there are four credit bureaus—CIBIL, Experian, Equifax, and Hi-Mark—providing credit scores to individuals. IndiaLends has partnered with Experian and Hi-Mark credit bureaus to offer its customers free credit reports and analysis. Additionally, IndiaLends customers also receive complimentary credit report refreshments every quarter for the first 12 months.

PERSONAL LOANS CITYWISE

Personal loans bankwise, credit score.

• Customer Care Number

Internet banking

• NRI Banking
• Money2World
• Money2India

Offers especially for you!

Open an Insta Save Account.

No Paperwork, No Branch Visits, No Hassle!

ICICI Bank Credit Cards

Save more on your everyday expenses.

ICICI Bank Personal Loans

For your safe, comfortable, and convenient travel needs

ICICI Bank Home Loans

The key to your Dream Home, within easy reach

Campus Power - from a dream to a degree, with you at every step.

Solutions for student, parents and institutes.

Just getting returns on your investment?

Save Tax too, while you build your corpus!

Manage all your utility bills, smartly.

Pay bills easily, using Internet Banking.

ICICI Bank Two-Wheeler Loan

Get your dream bike now!

ICICI Bank FD

Choose certainity during uncertain times.

ICICI Bank PPF Account

A blessing for wealth creation is here for you!

Your guide to Personal Finance

A refreshing way to learn all about Personal Finance.

All it takes is 5 minutes!

Instant payout on selling shares, with the ICICIdirect Prime Account.

ICICI Bank Car Loan

Experience a seamless Car Loan process!

• Personal Banking
• Schedule of Charges

Want us to help you with anything? Request a Call back

Thank you for your request..

Your reference number is CRM

Our executive will contact you shortly

• Forex Prepaid Cards
• Forex Prepaid Card variants
• Online Account Management
• Buy/Reload/Refund Forex Prepaid Card
• Do's & Dont's
• Insurance Policy

Terms & Conditions

Your reference number is CRM 786578956

Sorry! Please check back in a few minutes as an error has occurred.

Forex card charges & fees.

Schedule of Charges, Dynamic Currency Conversion and Terms & Conditions

Schedule of Charges:

Transaction fee:  Point of Sale (POS)/Online – NIL.

Cross currency fee: 3.5% + GST (applicable for all transaction types)

Cross currency transaction: A transaction when billing currency is different from the currency on card.

Wallet to wallet transfer fee: 2.5% of transfer amount (from the destination wallet)

Cash Advance/Cash@POS transactions fee: 0.5% of transaction amount.

It is a facility through which ICICI Bank Forex Prepaid Card holders can withdraw cash by swiping their Card at merchant outlets.

Lost card replacement fee: International location – USD 20.00, Indian location – USD 3.00.

Fee for uncapped ATM withdrawals: 1% of withdrawal amount.

The charges are subject to change at the Bank’s discretion and as per FEMA guidelines.

All fees and charges mentioned below are exclusive of taxes.

Goods and Services Tax - 18% with effect from Mar 1, 2020.

# The cash withdrawal limit may vary across ATMs present abroad. The transaction limits set by the acquiring bank may be less than the limits set by ICICI Bank.

* Some international banks may charge an additional surcharge for your ATM transactions. Please read the information on ATM screens for charge details.

DCC Transaction:

There may be costs/charges associated with currency conversion levied by the third party on the Dynamic Currency Conversion (‘DCC’) transaction. DCC is permitted in all acceptance environments where the customer can make a currency choice for their payment e.g. Point of Sale (POS), online and ATM. Please apprise yourself and ascertain such costs/charges before providing confirmation for a DCC transaction. ICICI Bank declares that it does not derive any direct or indirect benefit (save and except for charges for currency conversion from billing currency to active wallet currency). As DCC transaction request is initiated by the customer post customer’s confirmation, ICICI Bank disclaims any liability for the refund of any DCC transaction related charges.

Here's how you can make a smart choice and avoid the extra charges:

At the payment counter, the executive will offer you two choices to pay:

To pay in local currency

To pay in home/billing currency.

To save on your DCC charges, choose ‘To pay in local currency’.

If you choose to withdraw cash from an ATM through your Forex Prepaid Card, you will come across these options:

Accept without currency conversion

Accept with currency conversion.

To save on your DCC charges, choose 'Accept without currency conversion’.

Conversion to home/billing currency

To save on your DCC charges, choose 'No'

While both means serve your purpose, you might want to avoid the long ATM queues on your trip. So, swipe directly at merchant outlets and save on the go.

Click below to view the terms and conditions for the ICICI Bank Forex Prepaid Card.

Related Search

• Forex card india  
• How to apply for forex card 
• International travel card 
• Forex services   
• Forex card rates

Your cookie settings

These cookies are essential for you to browse the website and use its features. These cookies are essential for website to function and make sure you are able to browse seamlessly. They are used for faster loading and effective representation of information on it, enabling our site to function as intended.

These cookies are used to recognise you when you return to the site. This enables us to remember your preferences and also let us monitor how our website is performing. These cookies collect information, such as, number of visitors on the website, how visitors were directed to the website and the pages they have visited. The cookies collect information in a way that does not directly identify anyone. If you do not allow performance cookies then some or all areas of website may not function properly.

Targeting cookies helps in providing a more personalized experience. The intention is to display offers that are relevant and engaging for the user.

We use cookies to improve and personalize your browsing experience. Click OK to continue else click Manage to change your preferences. By continuing to browse this website, you accept the use of cookies. read more