IDFC First Bank recently launch a Forex card with one of the most attractive features and charges as compared to its peers . The card have zero issuance fee and reload fee which makes it very cost effective and it offers many more benefits which we will cover in this detailed article
Features :
Zero Forex markup
supports 14 currencies
Emergency Travel Assistance and Cash support
Transfer funds from one currency wallet to other on the go. Cross currency charges would be levied
Free Best-in-class Travel Insurance coverage
Zero Charges on Card Issuance, Load & Reload
currency supported :
IDFC Multicurrency Forex card supports 14 currencies these are :
United States Dollar (USD), Euro (EUR), Great Britain Pound (GBP), Singapore Dollar (SGD), Australian Dollar (AUD), Canadian Dollar (CAD), Japanese Yen (JPY), Swiss Franc (CHF), Hong Kong Dollar (HKD), New Zealand Dollar (NZD), Dubai Dirhams (AED), Norwegian Kroner (NOK), Chinese Yuan (CNY) & South African Rand (ZAR).
Eligibility :
1)You need to open a bank account with IDFC first bank
2) you need following 3 documents to apply for IDFC First bank Multicurrency Forex card :
- Valid Passport
- VISA of the country traveling to
- Air ticket
charges:
| Card issuance fee | NIL |
| Reload fee | NIL |
| Cash withdrawal charges | USD 1.5+ GST (3 withdrawal pm free) |
| Cross currency usage fee | 3.5% of transaction amount + GST |
Insurance cover :
| Coverages | Amount |
| Skimming / Cloning / Counterfeit / Online Fraud Protection/ Lost card Liability | INR 500,000 |
| ATM Assault & Robbery | INR 100,000 |
| Purchase Protection | INR 150,000 |
| Accidental Death-24 Hrs | USD 36,000 |
| Loss of Checked in Baggage (Per article/per bag-10%/50%) | USD 360 |
| Missed Connection | USD 500 |
| Hijack Daily Allowance (USD 300/500 per day) (Max 10 Days) | USD 5000 |
| Delay of Checked in Baggage- After 12 HRS | USD 500 |
| Emergency Medical Expense- Accident Only | INR 100,000 |
