Should I get a Forex card or No markup DC

[sangalaviral]

Hi All,

I am going on a month long US trip and contemplating if I should use a Forex card or a No markup DC?

I have checked Bookmyforex and they are charging about 15p when loading and about 80p when unloading.

 

[Yugi]

Are there any forex card available where I can load forex (INR equivalent) with credit card? I remember last time (3 years back) I used HDFC forex card which allowed me to load EUR/GBP with (HDFC only) credit card.

Last year I used HDFC forex card, it allowed me to load it via my credit card without any additional charges. FYI, I am a HDFC Bank customer, so not sure how the flow works for non HDFC bank customers.

 

[kafeel]

Card acceptance won't be an issue at most places in Hungary and Croatia. A thing to keep in mind is the exchange rates on the Diners/Discover network. It should be 0.5-2% more than Visa/MC rates depending on the currency.

Agree with this on card acceptance, experience on my recent visit in croatia,

 

[wr8_utd]

Agree with this on card acceptance, experience on my recent visit in croatia ,

I agree that Croatia was all right but it was a huge problem in Budapest. I luckily also had my AU Zenith+ card which had a very low forex markup but ya, the Diners had very poor acceptance in Budapest.

 

[Lobogris]

Are forex cards easy to get or do you need to submit documents like passport, visa, tickets etc?

 

[FineTurns]

Are forex cards easy to get or do you need to submit documents like passport, visa, tickets etc?

Easy to get, yes.

Just an online application - enter your pan, passport number and usual KYC process. If you are taking from the same bank you receive salary in, no KYC needed.