Tripmoney Global Cash Card Vs Niyo Global Card

1. Ease of getting the card

The Tripmoney global cash card benefits include security and stability, but getting one can be a hassle. The application process is a little lengthy and may need a credit check and proof of income.

The Niyo Global Card has a simple and seamless application process. The onboarding process is quick, straightforward, 100% app-based with minimal documentation and the card gets delivered within 3 days to major cities and 5 days to rest of India. There’s no need to worry about a credit check or proof of income, making it an excellent choice for those who value speed and convenience.

2. Card Usage Abroad 

Travelling abroad is a fun and exciting experience but comes with challenges, especially when managing your finances. With many options available, choosing the right travel card for international payments with the least charges and wide acceptance can be daunting.

Tripmoney Global Cash Card can be used in over 150 countries; however, the exchange rates may be more competitive, leading to a higher cost for the user. Also, the card has a complex and lengthy process for reloading.

Niyo Global Card is a good option for travellers. It is accepted in 150+ countries to make transactions in 130+ currencies. You just load your card with money in INR and confidently use it globally. It provides competitive exchange rates with zero forex markup fees, saving your hard-earned money. 

3. Reloading the Card

Reloading your travel card is crucial for seamless and hassle-free payments on the go while you are abroad. When choosing the right card, you must consider ease of reloading, accessibility, fees, and security. 

Starting with Tripmoney Global Cash Card, reloading the card can be a hassle. The cardholder must visit a designated bank or exchange house to reload the card, which can be time-consuming and inconvenient. Additionally, reloading fees and currency exchange rates may vary, leading to extra costs for the cardholder.

Now let’s take a look at the Niyo Global Card. It is straightforward to reload this card. The cardholder can reload the card from anywhere, anytime via UPI/IMPS/NEFT/RTGS. The app is highly user-friendly and simple to navigate, making the reloading process seamless. It offers competitive currency exchange rates with no hidden charges, ensuring the cardholder gets the best deal. 

 4. Complimentary Features

Regarding international travel, having a reliable and secure way to access your funds is paramount. That’s where Tripmoney Global Cash Card and Niyo Global Card come into the picture. 

The Tripmoney global cash card benefits include some great features such as Data encryption, secure data storage and regular audits when it comes to security and ease of use. 

However, with the Niyo Global Card, you can access your funds from anywhere globally and use the card to transact in 130+ currencies. You don’t have to worry about the exchange rates, as Niyo Global Card converts only the transaction amount into the local currency while the remaining balance on your card earns interest.

Another advantage of the Niyo Global Card is the integrated Niyo Global app allowing you to manage your card on the go. You can check your balance and track your transactions in real-time, temporarily lock/unlock select payment channels or the entire card, and even permanently block your card if you lose it. 

Niyo Global Card has the latest security features, such as two-factor authentication and biometric security. It ensures that your funds are protected against fraud and unauthorized access. Your money up to ₹5 lakh is insured by the DICGC (Deposit Insurance & Credit Guarantee Corporation) under the Government of India. Tripmoney Global Cash Card does not come with advanced security measures like these, leaving you vulnerable to financial losses.

The Niyo Global card also offers one complimentary airport lounge access per quarter at select international terminals in India. The in-app ATM Locator tool helps you find a nearby ATM for quick cash withdrawals globally. The handy Currency Converter tool within the app helps you find live exchange rates so you know your purchase amount upfront.

5. Fees & Other Charges

There are several differences between card fees and other charges. Understanding these distinctions can help you choose the right travel card for your needs.

Tripmoney Forex Card charges higher fees than the Niyo Global Card and has other informed and hidden charges. For instance, you may have to pay a monthly maintenance fee, a cash withdrawal fee, or even a joining fee. There is a balance enquiry fee of ₹10 for Domestic ATMs and ₹225 for International ATMs. The exchange rate offered by Tripmoney is also not very competitive. You can end up paying more when you use your card while travelling.

Niyo Global Card offers a more cost-effective solution for travellers. Niyo Global Card provides zero forex markup on international transactions and low ATM withdrawal charges globally which help you save more on your travel expenses.

Niyo Global Card has 24/7 in-app customer support to help you with any concerns about your card or account. You can also use the card to withdraw cash from ATMs and pay for purchases online or in stores in 150+ countries, and even for domestic fund transfers to other accounts.