Niyo IDFC zero MAB to which IDFC account variant should I migrate?

[Dark Knight]

Have a Niyo IDFC zero MAB account with platinum DC. Should I migrate to another IDFC account variant? I usually keep 1.5L as acc balance.

 

[varkey]

Select has 1% markup. My bad. Only exclusive account has zero markup. I got an offer to upgrade from iconia amex to Pinnacle . I'm not much aware of spend based waivers on it.

Yeah IndusInd Select has 1% markup. I was referring to IDFC Select debit card and in IDFC, the default markup is 2% for all cards. Okay, I will try reaching out to IndusInd and see if can get an upgrade.

I checked my email, idfc had informed regarding converting niyo dc to platinum card on 29th Feb 2024. I thing since then they must be charging 2 percent markup.

This markes me wonder, whether new DC issuances after some internal time period triggers the change in forex rate. Anyway guess there is no point in arguing with IDFC to get the 0% forex rate, but still worth a try. In my case, there was no explicit communication from IDFC about the change in forex rate. And the very first card I got from IDFC is the platinum card, never a Niyo branded card. I think the initial delivery of the card didn't happen, and I asked for the card to be resent a while later, which is probably why I got the Platnium from the very beginning, but even with Platinum I used to get 0% forex markup until Feb 2024.

 

[sunit123]

Card was converted to visa platinum internally which then stopped giving 0% markup. Select/Wealth DC is much better now. For zero FX, IndusInd Indie, Exclusive and above accounts are better.

Indie Megastar becomes zero balance with 2L FD and zero FX DC (except on international ATM withdrawals) and unlimited ATM transactions.

Exclusive becomes zero balance with Pinnacle/Indulge Credit card with zero FX DC (including international ATM withdrawals) but no unlimited ATM withdrawals.

All higher variants of savings account has zero FX DC with increasing ATM withdrawals but requires MAB.

RBL, any account with RBL Signature+ DC has zero FX markup but DC is chargeable.

Yes Bank HNI account DCs are zero FX as well.

All DCs of DBS bank are zero FX.

All DC of DBS are not zero fx...Only VISA infinite has zero fx

 

[techprince]

All DC of DBS are not zero fx...Only VISA infinite has zero fx

Thats what their schedule or charges are showing.

 

[sunit123]

Thats what their schedule or charges are showing.

Check following link which mentions 2.5%...I called their customer support and they told fx markup is 2.5 % including visa signature and they will correct the website..Only VISA Treasurer infinite has zero forex

Visa Signature Card: Apply for DBS Signature Visa Debit Card

Premium Debit Card: DBS offers Signature Visa Debit Card, an Upgraded Debit Card with premium services & exclusive Annual Privileges / Benefits Worth ₹60,000*!. Upgrade now

www.dbs.com

 

[sunit123]

 

[techprince]

Check following link which mentions 2.5%...I called their customer support and they told fx markup is 2.5 % including visa signature and they will correct the website..Only VISA Treasurer infinite has zero forex

Visa Signature Card: Apply for DBS Signature Visa Debit Card

Premium Debit Card: DBS offers Signature Visa Debit Card, an Upgraded Debit Card with premium services & exclusive Annual Privileges / Benefits Worth ₹60,000*!. Upgrade now

www.dbs.com

Thats false marketing then. Anyways, corrected my post 👍

 

[sunit123]

Thats false marketing then. Anyways, corrected my post 👍

They trap innocent users