When it comes to managing expenses while traveling internationally, forex cards are seen as one of the easiest solutions. Unlike credit/debit cards that attract high conversion fees, forex cards offer preloaded funds with no markup.
BookMyForex just launched its all-new single currency forex card. The card is denominated in US dollars, implying that the card can only be loaded in US dollars, but can be used to make transactions in other foreign currencies. That brings us to the next concern that may arise, the cross-currency conversion fee. This Global Forex Card from BMF is believed to have a 0% cross-currency conversion fee and no ATM withdrawal charges.
Image Credit- Card Insider
The BookMyForex Global Forex Card is quite similar to the HDFC Bank Regalia ForexPlus Card, as both are US dollar-denominated. However, the BookMyForex card stands out by offering greater savings as it has no hidden or visible charges, including no cross-currency conversion fee, ATM withdrawal fee, reloading fee, or joining fee. This makes it an ideal choice for many travelers. On the other hand, the HDFC Regalia ForexPlus Card does have one advantage: it offers one free airport lounge visit per quarter at international terminals in India, which can be a valuable perk.
Features of the BookMyForex Global Forex Card
Here are the features of the newly launched Global Forex Card from BookMyForex.
Lifetime Free Card
The card does not have any joining fees, loading/reloading charges, or other annual charges, making it the best choice for users looking for an affordable solution. For frequent travelers or even one-time users, this feature ensures you won’t have to worry about hidden costs. Compared to many forex cards that come with annual or reloading fees, this is a major win.
No Cross-Currency Conversion Fee
A big advantage of this forex card is the 0% cross-currency conversion fee. This means even though your card is loaded in USD, you can use it to make transactions in other currencies without being charged extra for conversion. Most traditional forex cards and international debit/credit cards impose a conversion fee ranging from 2 to 3.5% per transaction when you spend in a currency other than the one loaded. With this card, BookMyForex allows users to pay in any currency without having to worry about a conversion fee.
Zero ATM Withdrawal Fee
Having a zero ATM withdrawal fee on a forex card is a rare feature to find, and one of the most useful ones. The BookMyForex Global Forex Card allows you to withdraw cash from ATMs overseas without any withdrawal charges, a rare feature among forex cards. Typically, forex cards charge a fee anywhere from 1 to 3% per withdrawal. With this card, you can withdraw as many times as needed without worrying about accumulating extra costs. However, this feature is subject to change.
Cashback on Every Transaction (Limited Time Only)
For a limited period, BookMyForex is offering up to 2% cashback on every transaction made using the Global Forex Card. This cashback is capped at ₹7,500, making it highly rewarding for big spenders. Whether you’re shopping, booking hotels, or paying for experiences abroad, this cashback offers you better savings.
Easy to Get
You can easily and quickly get your hands on this forex via BookMyForex. Same-day delivery is possible for orders submitted before 1 PM on a working day. You do not have to worry about going to the bank and stressing yourself; instead, take the digital route and place an order from the comfort of your home. Customers can purchase forex cards via the BookMyForex website or the BookMyForex app for iOS and Android.
Bottom Line
The BookMyForex Global Forex Card is an affordable option for international travelers. It offers many features like zero cross-currency conversion fees, no ATM withdrawal charges, and no hidden costs or even joining or annual fees. You can also enjoy up to 2% cashback on your spending for a limited time, which is a great way to save more while you travel. One of the best things about this card is how easy it is to get. You can order it online through the BookMyForex website or app, and even get same-day delivery if you place your order early. Whether you’re a student going abroad, a business traveler, or someone planning a vacation, this card makes handling money overseas much simpler.
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