Credit card suggestion for international Payment

[Gautham]

Hi all, My friend is going to purchase one certification exam that costs 440 USD. how much will be charged for this purchase if we use credit card? And will SBI cashback card give 5% cb for this transaction? He also have Regalia credit card.
Please kindly suggest.

 

[helloworld]

1. Convert that USD to INR (usually consider settlement date conversion rate).

440 USD = 35928 Rs. (assuming 1 USD = 81.65 Rs.)

+

2. Add markup fee and corresponding GST

(amount × markup fee of that card) + GST

35928 x 3.5% = 1257.48 + 18% GST = 1483.83 (4.13%)

3. Amount you're paying overall in INR.

~ 37422 Rs. you're paying.

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SBI Cashback mostly will give 5% unless that certification site report as Utility in that case 1%.

Note: Same process for both Credit and Debit Cards, and not all Credit and Debit cards charge 4.13%. There are cards with 0% markup-fee.

 

[Gautham]

Thank you for the detailed reply. If we use debit card, will there be any charge?