Payment in foreign Currency

[Prateek26]

Which is the best card to make payment in foreign currency? I have to make payment through paypal or even direct payment option is there. Not sure where will i incur less charges?

 

[Kb2krypto]

Reserve and Citi Prestige are the only 2 cards you receive bonus for forex transactions. Even if you can do 5:2 and not 5:4 it's still the best reward rate you can get. Also, Magnus + Reserve + 10L Burgundy gets you 5:4.

Also if I don’t open a Burgundy account would you suggest Axis Magnus is be better than Infinia or any other cash back card. Thanks.

 

[PiperatGatesofDawn]

Also if I don’t open a Burgundy account would you suggest Axis Magnus is be better than Infinia or any other cash back card. Thanks.

Yes Magnus would be better than Infinia or any other cash back card.

 

[Kb2krypto]

Yes Magnus would be better than Infinia or any other cash back card.

Hi, thank you for all your replies. I got in touch with Axis bank. They suggested Burgundy private one card. Is this card better than the Burgundy Magnus and reserve ? Prompt reply will be helpful.

 

[PiperatGatesofDawn]

Hi, thank you for all your replies. I got in touch with Axis bank. They suggested Burgundy private one card. Is this card better than the Burgundy Magnus and reserve ? Prompt reply will be helpful.

Burgundy Private One requires a TRV of 5 CR. Gives 15 reward points per Rs. 200 & has 0% forex markup. So yes they right with plenty of "T&C applies".

However, that would be a crazy route to take for a single transaction. And from a pure points perspective isn't the best VFM by any means.

 

[Kb2krypto]

Burgundy Private One requires a TRV of 5 CR. Gives 15 reward points per Rs. 200 & has 0% forex markup. So yes they right with plenty of "T&C applies".

However, that would be a crazy route to take for a single transaction. And from a pure points perspective isn't the best VFM by any means.

The issue I am facing is Burgundy reserve or Magnus is not giving me the limit of 25L. The cards won’t let me pay as I won’t have the required limit. So I am in a fix.

 

[Slayer]

Everyone ignored the fact that this guy is trying to pay 25L in one transaction.

Only Platinum charge can help you with that big of a transaction

 

[CARDBITRAGE]

Everyone ignored the fact that this guy is trying to pay 25L in one transaction.

Only Platinum charge can help you with that big of a transaction

Charge cards have shadow limits. But you can request Amex to temporarily bump up the limit for a big purchase. Based on their assessment, they will decide whether or not to accommodate the request.

 

[Kb2krypto]

Charge cards have shadow limits. But you can request Amex to temporarily bump up the limit for a big purchase. Based on their assessment, they will decide whether or not to accommodate the request.

I am trying to figure out a way to pay in 5-6 transactions on the same day. If that works I will probably choose the axis reserve/magnus with burgundy. Thank you guys.

 

[Kb2krypto]

Charge cards have shadow limits. But you can request Amex to temporarily bump up the limit for a big purchase. Based on their assessment, they will decide whether or not to accommodate the request.

Platinum charge has massive forex fee.

 

[PiperatGatesofDawn]

Everyone ignored the fact that this guy is trying to pay 25L in one transaction.

No. We were aware of it. As I assume OP was. That was never the ask from OP so it was assumed that OP had that under control.

Only Platinum charge can help you with that big of a transaction

Platinum Charge makes a loss on international transactions. Not to mention that you don't truly have NPSL. It's just that they don't tell you what it is.

 

[Slayer]

What is NPSL?

 

[CARDBITRAGE]

What is NPSL?

No preset spending limit