Zero Forex meaning confirmation

[Fynr15]

Hi everyone, just wanted to understand if I'm correctly understanding zero forex markup cards. Does it mean the only additional charge will be gst? I understand that banks levy a charge of ~2-3%(which is 0% for these cards), but I read somewhere there is an additional charge by Visa/Mastercard as currency conversion charges is that true?

 

[telescope]

Hi everyone, just wanted to understand if I'm correctly understanding zero forex markup cards. Does it mean the only additional charge will be gst? I understand that banks levy a charge of ~2%, but I read somewhere there is an additional charge by Visa/Mastercard as currency conversion charges is that true?

Zero forex means no 2% and no gst. Zero forex markup means bank won't levy any kind of charges on top of the usual exchange rate of the day of visa/Mc.

Mark this as solution please