New Game Changer for International Spends

[Kenu73]

Hello, Everyone. Being a frequent traveler I always used to look for some amazing credit card with not so high fees and easy eligibility criteria. Currently there was only Rbl World Safari with 0% literal no mark up fee for 2999+ 18% GST however it seems UNI is about to launch their very own game changer in this field NX Wave with 0% Forex fee and life time free. A new credit card which possibly will be launched in December, currently it shows I am in waitlist but they have offered me a handsome credit limit of 4,15,000. Do check it out. Uni 1/3 card is now closing from December.

 

[Nemesis]

IDFC Wow is another competitor to this

 

[Kenu73]

IDFC Wow is another competitor to this

Not really, that's a credit card based on FD. Totally different concept. I would rather go for Niyo, Fi rather than Wow.

 

[BMR]

Can any of these cards be used for corporate international spends ?

My company buys services from USA but we cannot use our Citibank debit card for international spends , it’s blocked for international transactions being a current account.

So is there a corporate card with 0 mark up fee that the company can apply for , and use ?

 

[Kenu73]

Can any of these cards be used for corporate international spends ?

My company buys services from USA but we cannot use our Citibank debit card for international spends , it’s blocked for international transactions being a current account.

So is there a corporate card with 0 mark up fee that the company can apply for , and use

I don't have the exact answer for that, I haven't done a lot of research on this. But couldn't you have taken any personal credit card and get it expensed through your organization ? That's how it works in my company.

 

[tanvi]

It's proper credit card, which will give 1% cashback along with 0% markup

 

[Kenu73]

It's proper credit card, which will give 1% cashback along with 0% markup

Yup! Not BNPL or loan account/credit line

 

[BMR]

I don't have the exact answer for that, I haven't done a lot of research on this. But couldn't you have taken any personal credit card and get it expensed through your organization ? That's how it works in my company.

Those were my thoughts too but I was told by a community user (who is also a CA) that personal and corporate expenses cannot be mixed , here’s the thread :

Post in thread 'Income Tax Notice on credit card usage!!'
https://www.technofino.in/community/threads/income-tax-notice-on-credit-card-usage.3751/post-64813

 

[Kenu73]

Those were my thoughts too but I was told by a community user (who is also a CA) that personal and corporate expenses cannot be mixed , here’s the thread :

Post in thread 'Income Tax Notice on credit card usage!!'
https://www.technofino.in/community/threads/income-tax-notice-on-credit-card-usage.3751/post-64813

Yes, I understand this. Lets say you get a notice but then you would have all the expenses filled right? Each and every business transaction would definitely be getting filled either through some CRM or any such medium. You can demonstrate that but if it's a lot of transactions you are talking about then, yeah it's better to get a corporate credit card

 

[BMR]

Yes, I understand this. Lets say you get a notice but then you would have all the expenses filled right? Each and every business transaction would definitely be getting filled either through some CRM or any such medium. You can demonstrate that but if it's a lot of transactions you are talking about then, yeah it's better to get a corporate credit card

Thanks. I’ll check with the company CA and update the thread here.

 

[arjunking]

Hello, Everyone. Being a frequent traveler I always used to look for some amazing credit card with not so high fees and easy eligibility criteria. Currently there was only Rbl World Safari with 0% literal no mark up fee for 2999+ 18% GST however it seems UNI is about to launch their very own game changer in this field NX Wave with 0% Forex fee and life time free. A new credit card which possibly will be launched in December, currently it shows I am in waitlist but they have offered me a handsome credit limit of 4,15,000. Do check it out. Uni 1/3 card is now closing from December.

You didn't consider Indusind club vistara.
0% markup + 1% CV points + business class tickets on reaching milestones + no cash withdrawal charges
Only negative is the joining and annual fees for 11.8k

 

[Kenu73]

You didn't consider Indusind club vistara.
0% markup + 1% CV points + business class tickets on reaching milestones + no cash withdrawal charges
Only negative is the joining and annual fees for 11.8k

Vistara Explorer has a joining fee of 40k + taxes which is a big downside for me

 

[theglobalinvestor]

How do you apply for this card?

 

[Kenu73]

How do you apply for this card?

If you already have UNI card you should be able to see the offer of new credit limit and sign up, they will put you in waitlist. Sadly for new users currently there is no option. Possibly wait till December, I believe they will open for everyone by that time. It's supposed to be live in December

 

[Wealth is my birth right!]

Can any of these cards be used for corporate international spends ?

My company buys services from USA but we cannot use our Citibank debit card for international spends , it’s blocked for international transactions being a current account.

So is there a corporate card with 0 mark up fee that the company can apply for , and use ?

No mix up of corp spending on personal cards
Chances of getting perquisite tax there
Legend card from IndusInd have features of having an addon in business name but legend have no benefits for overseas spending

 

[arjunking]

Vistara Explorer has a joining fee of 40k + taxes which is a big downside for me

Contact your RM. They reduced the fees to 11.8k but don't get any GVs on joining apart from 1 business class ticket.

 

[ChurningNoob]

I would rather go for Niyo, Fi rather than Wow.

These are debit cards

 

[alanabraham]

Hello, Everyone. Being a frequent traveler I always used to look for some amazing credit card with not so high fees and easy eligibility criteria. Currently there was only Rbl World Safari with 0% literal no mark up fee for 2999+ 18% GST however it seems UNI is about to launch their very own game changer in this field NX Wave with 0% Forex fee and life time free. A new credit card which possibly will be launched in December, currently it shows I am in waitlist but they have offered me a handsome credit limit of 4,15,000. Do check it out. Uni 1/3 card is now closing from December.

Currently it's only for their existing customers.

 

[Kenu73]

These are debit cards

Still better than a FD based credit card.

 

[Kenu73]

Contact your RM. They reduced the fees to 11.8k but don't get any GVs on joining apart from 1 business class ticket.

Still useless, I have Vitara infinite. Much better plus I don't see the point of paying 11k fees just gor Zero forex.