Finding the Most Cost-Efficient Way to Transfer USD to the US using Amex India credit cards

[ankiiiii]

I'm looking to send money to my relative's US account in USD and I'm exploring the most cost-efficient methods. I am aware that platforms like PayPal and Skrill can be used for this. Previously, I used my RBL World Safari card with zero forex charges on PayPal (though PayPal did deduct fees on the receiver's end, I saved a lot by not using PayPal's expensive forex rates).

Since my Amex Plat Travel card isn't zero forex, I'm seeking a more economical option. Can anyone recommend the best way to minimize fees and charges for this transfer?

Thanks & Regards, Ankit

 

[NAB]

Amex gives rewards points and vouchers. So, what exactly are you looking for? 0 forex, cheapest transfer option, OR 0/low forex + Rewards? Only Amex or any other way of sending the money?

 

[Riya Sharma]

You can also buy USDT and send it to your relative's account

 

[ankiiiii]

Amex gives rewards points and vouchers. So, what exactly are you looking for? 0 forex, cheapest transfer option, OR 0/low forex + Rewards? Only Amex or any other way of sending the money?

Hey, since 0 forex is not possible for Amex. I am looking for the cheapest transfer option using a credit card.

 

[ankiiiii]

You can also buy USDT and send it to your relative's account

Can you please elaborate: Where should I buy it using a credit card and is the forex rate reasonable? How to transfer once purchased, is there an economical way to transfer? Thanks.

 

[Riya Sharma]

Can you please elaborate: Where should I buy it using a credit card and is the forex rate reasonable? How to transfer once purchased, is there an economical way to transfer? Thanks.

it is a cryptocurrency and you can buy it via credit card but the price you get quoted will be higher.

 

[0xfallup]

I'm looking to send money to my relative's US account in USD and I'm exploring the most cost-efficient methods. I am aware that platforms like PayPal and Skrill can be used for this. Previously, I used my RBL World Safari card with zero forex charges on PayPal (though PayPal did deduct fees on the receiver's end, I saved a lot by not using PayPal's expensive forex rates).

Since my Amex Plat Travel card isn't zero forex, I'm seeking a more economical option. Can anyone recommend the best way to minimize fees and charges for this transfer?

Thanks & Regards, Ankit

Use Bitcoin ฿