Your pick for Forex transactions

[tdot]

Im looking at 10-15 lacs annual Foreign currency transactions and can use credit card to ay for these trx.
Im wondering which card gives me the best value in terms of returns. I looked at Axis Reserve and Amex plat.
I know Citi prestige was great value but its future is unknown and I may not be apply for this card anymore.

What else could i be looking at ? tia

 

[Wealth is my birth right!]

Im looking at 10-15 lacs annual Foreign currency transactions and can use credit card to ay for these trx.
Im wondering which card gives me the best value in terms of returns. I looked at Axis Reserve and Amex plat.
I know Citi prestige was great value but its future is unknown and I may not be apply for this card anymore.

What else could i be looking at ? tia

Reserve first hand and plat charge keep on side for seasonal spend based offers both are offering good lifestyle too

 

[EINSTEIN]

Just a suggestion
If you have such annual foreign transactions, wouldn’t having a different country’s credit card be the best?

 

[Wealth is my birth right!]

Just a suggestion
If you have such annual foreign transactions, wouldn’t having a different country’s credit card be the best?

If earnings are from India then it’s tough to get other countries card
Only Amex gold charge if we hold it’s quite a bit ease

 

[EINSTEIN]

If earnings are from India then it’s tough to get other countries card

But worth trying though

Only Amex gold charge if we hold it’s quite a bit ease

Elaborate please

 

[tdot]

Just a suggestion
If you have such annual foreign transactions, wouldn’t having a different country’s credit card be the best?

I have some local currency CC's too but Reserve with 2x rewards on Fx and multiple transfer partners seems like a solid deal.

 

[Wealth is my birth right!]

But worth trying though

Elaborate please

If we hold Amex charge card in India if we travel tomo to USA or uae we can get a card in that country amex by showing the track record of the india charge card
I hold the gold card only for the feature

 

[EINSTEIN]

If we hold Amex charge card in India if we travel tomo to USA or uae we can get a card in that country amex by showing the track record of the india charge card
I hold the gold card only for the feature

So if you get Amex in the US you be able to use it to get other cards right?

 

[Wealth is my birth right!]

So if you get Amex in the US you be able to use it to get other cards right?

Logically yes with first month statement

 

[CC_Fire]

If we hold Amex charge card in India if we travel tomo to USA or uae we can get a card in that country amex by showing the track record of the india charge card
I hold the gold card only for the feature

Is that true?

From my understanding, the Amex UAE / US team run a separate credit process in that country before giving you a card. Any first hand experiences with this as a friend of mine could benefit with this (he is looking at Singapore)

 

[anirban.choudhuryanirban.choudhury is verified member.]

Reserve or world safari
Reserve for ER
World safari for direct benefit

 

[Wealth is my birth right!]

Is that true?

From my understanding, the Amex UAE / US team run a separate credit process in that country before giving you a card. Any first hand experiences with this as a friend of mine could benefit with this (he is looking at Singapore)

Ask ur friend to approach Singapore amex card sourcing guys they will take it further via Indian card.
I heard that until we create a 6 month credit history of that country amex may be giving low limits only

 

[CC_Fire]

Ash ur friend to approach Singapore amex card sourcing guys they will take it further via Indian card

yeah he is moving in a few months so was going to do that but if the card is offered without a credit history in that country then it would have been great.

 

[uchitshah]

I am suprise people suggesting amex and all.
You need to serious look at OneCard, which charges 1% forex Markup or FD back IDFC wow card with 0% forex markup or Rbl Safari card which is 0% forex markup.

 

[anirban.choudhuryanirban.choudhury is verified member.]

I am suprise people suggesting amex and all.
You need to serious look at OneCard, which charges 1% forex Markup or FD back IDFC wow card with 0% forex markup or Rbl Safari card which is 0% forex markup.

As of now if someone is interested in cashback returns and not airmiles ( which is Axis Reserve ) , IDFC Wealth seems to be really good as IDFC is offering 10x RP on forex transaction , wealth has a forex markup of 1.5% with gst somewhere 1.8% , 10x means statement credit if 2.5% of Rs 100 spend on forex , overall it’s a net profit of 0.7% on forex direct on statement credit which seems better than even 0% forex markup .

 

[EINSTEIN]

I am suprise people suggesting amex and all.
You need to serious look at OneCard, which charges 1% forex Markup or FD back IDFC wow card with 0% forex markup or Rbl Safari card which is 0% forex markup.

We were not suggesting getting Amex for forex rather to get a card of the country where major regular spends will occur.

 

[anirbanm]

Just a suggestion
If you have such annual foreign transactions, wouldn’t having a different country’s credit card be the best?

No

 

[anirbanm]

As of now if someone is interested in cashback returns and not airmiles ( which is Axis Reserve ) , IDFC Wealth seems to be really good as IDFC is offering 10x RP on forex transaction , wealth has a forex markup of 1.5% with gst somewhere 1.8% , 10x means statement credit if 2.5% of Rs 100 spend on forex , overall it’s a net profit of 0.7% on forex direct on statement credit which seems better than even 0% forex markup .

10x only for limited time ...

 

[anirbanm]

Im looking at 10-15 lacs annual Foreign currency transactions and can use credit card to ay for these trx.
Im wondering which card gives me the best value in terms of returns. I looked at Axis Reserve and Amex plat.
I know Citi prestige was great value but its future is unknown and I may not be apply for this card anymore.

What else could i be looking at ? tia

Nothing beats Reserve

 

[thirdworldfish]

I use Onecard. It's 1.18% with GST