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Forex Card/ Credit card / Debit Card

Hey!
I recently opened an IndusInd Pioneer account and got their Visa Infinite Debit Card in the welcome kit.

As I see in the benefits, it says it has a 0% forex markup but only conversion fees will apply as per card network.

Should I use that card while travelling abroad or should I get a forex card/ a credit card (if yes, plz recommend)???
 
Hey!
I recently opened an IndusInd Pioneer account and got their Visa Infinite Debit Card in the welcome kit.

As I see in the benefits, it says it has a 0% forex markup but only conversion fees will apply as per card network.

Should I use that card while travelling abroad or should I get a forex card/ a credit card (if yes, plz recommend)???
@vijay.vj


Get indusind exclusive visa & mc dc for cc bill payment
 
Hey!
I recently opened an IndusInd Pioneer account and got their Visa Infinite Debit Card in the welcome kit.

As I see in the benefits, it says it has a 0% forex markup but only conversion fees will apply as per card network.

Should I use that card while travelling abroad or should I get a forex card/ a credit card (if yes, plz recommend)???
This is the best card dc works well don't go for forex card
 
Hey!
I recently opened an IndusInd Pioneer account and got their Visa Infinite Debit Card in the welcome kit.

As I see in the benefits, it says it has a 0% forex markup but only conversion fees will apply as per card network.

Should I use that card while travelling abroad or should I get a forex card/ a credit card (if yes, plz recommend)???
Its preferred to have multiple options in cards when you go abroad. Indus Premium signature cards provide 0% forex which is great.
But if you dont want to spend from bank accounts, then look for 0 forex CC or any premium cards which provide positive reward rate even with forex charges.
 
Network rates often carry up to a 1% markup over the interbank/mid-market rate. Go for an interbank-linked forex card instead!
 
Break it down for me, I didn’t understand anything
Credit card companies are launching zero forex markup cards and misleading us by hiding the true cost as there is still a markup being charged. For any travel card to genuinely offer zero markup, it must be zero markup on mid-market rates, whereas credit/debit cards provide network rates, which carry up to a 1% premium over mid-market rates.

Check out this link, https://www.visa.co.in/support/consumer/travel-support/exchange-rate-calculator.html and you'll get my point about how these credit card companies, using network/Visa rates, aren't even close to real-time rates. A week ago, when I checked the EUR to INR rates, the mid-market rate was 89.46, but the network rate when calculated through the above link came to around 90.11, which is about a 0.65% markup. This is problematic since this markup is concealed, and due to a lack of awareness, people are misled.
 
I agree, BookMyForex forex card is quite good. I have been using it for the past 3 years and have never faced any issues while using it abroad. It takes me a few seconds to top up my card while traveling with their mobile app. The top-up is instant, and the forex card comes with zero markup interbank rates. You can expect it to be delivered on the same day.
 
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