Zero Forex + Reward Points = Net gain card for forex spends

[hritiksakshi]

As the title summarizes, i am looking for a card which i can utilize for my upcoming abroad trip.

i have DCB (with 2% markup - 1% GLOBAL VALUE + 3.33% REWARD RATE) but that's not acceptable at most places in europe. The NIYOX Equitas Debit card will be the go to backup option.

I am looking for a credit card which provides net positive reward rate for forex transactions (i.e. even if markup, it is compensated by reward rate)

I know of two such cards
1) HDFC Infinia - not able to get it
2) Axis Reserve - Fees are too high for me

Other options
1) IDFC WOW
2) SCAPIA - not eligible due to holding federal one card
3) RBL WORLD SAFARI

all three of them offer 0% forex but no rewards on forex transactions.

Is there any card which fulfills the criteria?

 

[techt]

Payment amount - 2000GBP = 210942.72
Date - 14/12/23
Extra charges - 3733.69
Points earned - 19895(12657+7238) ~ 4973INR
Reward - 0.587%

Assuming you have already hit 30K milestone ,
forex conv. is 1.5% + 18 % GST. effective charge = 1.5*1.18 = 1.77
cashback is 2.5 % so effectively it is 2.5 - 1.77 = 0.73.
Is this calculation correct.

 

[Pankhuri]

Assuming you have already hit 30K milestone ,
forex conv. is 1.5% + 18 % GST. effective charge = 1.5*1.18 = 1.77
cashback is 2.5 % so effectively it is 2.5 - 1.77 = 0.73.
Is this calculation correct.

Yeh. Mine is low because this was first transaction on card. So first 30k was in 6x and not 10x.

 

[techt]

Yeh. Mine is low because this was first transaction on card. So first 30k was in 6x and not 10x.

understood from your post. But just wanted to be sure if there is anything that I might miss.

 

[R@J]

@S S V Ab toh isme Yes Marquee bhi net positive return dega....if we consider travel redemption@ Rs 0.25?

 

[SSV]

@S S V Ab toh isme Yes Marquee bhi net positive return dega....if we consider travel redemption@ Rs 0.25?

Yes correct ..

 

[NeoOnWheels]

I am planning a trip to Switzerland/Greece this year and right now have - HDFC Infinia, ICICI Sapphiro, AMEX PlatTravel and SBI Elite card. Which one should be my default goto card? All I want is returns in net positive.

 

[R@J]

I am planning a trip to Switzerland/Greece this year and right now have - HDFC Infinia, ICICI Sapphiro, AMEX PlatTravel and SBI Elite card. Which one should be my default goto card? All I want is returns in net positive.

Infinia with Global Value program - without any second thoughts!!

 

[drsel]

I am planning a trip to Switzerland/Greece this year and right now have - HDFC Infinia, ICICI Sapphiro, AMEX PlatTravel and SBI Elite card. Which one should be my default goto card? All I want is returns in net positive.

Try Yes Reserve with 5x
All Foreign online travel/dining/fashion/healthcare spends
give 9.00--2.07% forex markup