Forex Card Uses During International Trips From India: How is the Niyo Global Card Better?
Blog Outline
What is the use of a Forex card?
Forex cards are designed for multiple Forex card uses, making them a versatile tool for international travellers. Forex cards allow spending in foreign currencies. You may be wondering. Can a Forex card be used for online transactions as well? Yes, some of them can, depending on the nature of the card. However, with their convenience and wide acceptance, the uses of forex cards are extensive, making them an ideal choice for managing foreign currency expenses.
But there is one card out there that can go beyond regular Forex card uses! Presenting the Niyo Global Card with zero Forex markup for all your international travel needs.
But wait, what is a Forex markup anyway?
What is Forex Markup?
Forex cards include a fee when you use them for international transactions or transactions in a different currency. This is known as forex markup. If you are wondering about the meaning of Zero Forex markup, it’s that there is no markup fee associated with the usage of the card.
Travel abroad made easier with the Niyo Global Zero Forex Markup Card.
No matter where your destination is, whether you are travelling to one country or multiple, Niyo Global can be your best travel companion. Forex card uses are limited when compared to Niyo Global card uses! You can load your Niyo Global account in INR (Indian Rupees) from any other bank account and spend in the local currencies in over 150 countries. Since the Niyo Global card uses the VISA network, it is accepted worldwide! This means you don’t have to worry about carrying wads of cash while travelling or rushing to the bank to get a traveller’s cheque, a Forex card, or anything of the kind.
A few of the most compelling Niyo Global card uses:
- Zero Forex Markup on all international transactions.
- Free lounge access at selected international terminals in India
- Load in INR and use in 150+ countries and 130+ currencies
- Earn 1% cashback as global coins
- Card will be delivered in 2-3 days
- 24×7 in app chat support
- 7.5% Interest p.a.* on savings account
- Concierge services (powered by VISA Signature)
- Integrated Niyo Global app
- Real-time in-app currency converter
- In-app nearby ATM locator
Niyo Global aims to make your banking needs for travel, study, and beyond a smooth and hassle-free experience, in a way that uses of a Forex card simply cannot compare. All you have to do is download the Niyo Global App, and you get your card onboard with you on your many journeys!
Why is Niyo Global the best zero forex markup card?
While assessing your options for carrying money on your trip, here are a few do’s & don’ts while carrying money abroad.
Zero Forex markup:
Works in 150+ countries:
24X7 Support:
100% digital onboarding and KYC:
Instant account opening:
Zero balance savings account:
Up to 7.5% interest p.a.*
Zero loading and fund transfer fees:
Tap & Pay:
Complimentary airport lounge access:
Virtual and physical debit cards:
In-app currency converter:
In-app ATM locator:
Enhanced security:
Real-time tracking:
0% commission mutual fund investments:
Exclusive in-app offers:
Concierge services:
Meet and assist service:
Get your Niyo Global card today
Are you 18+ years old? Are you planning to travel abroad? Do you have a PAN and Aadhaar number? If you answered YES to all of these questions, Niyo Global – the best international travel card, is the perfect match for you!
Download the Niyo Global App for Android or iOS now and open your account right away. It’s all you need to take care of spending in foreign currency at the best possible rates* while travelling abroad.
Frequently Asked Questions
Markup is defined as the difference between the market price of a security held by a broker or dealer and the price at which it is sold to the customers. It is a legitimate way by which brokers and dealers profit from the sale of securities.
Some of the benefits offered by a Forex card are – it is comparatively safer to be carried around than cash as the card can be blocked even if you lose it. You will also be eligible for the insurance claim that is provided with the card. As soon as you load the card, the rates are locked, and you are now protected from Forex fluctuations.
The Forex card issuing authority must comply with RBI and FEMA regulations while setting the maximum limit. Currently, travellers can carry up to $2,50,000 of Forex abroad in a particular financial year.
