The Niyo Global Credit Card is one of the most popular travel credit cards in India, providing numerous benefits for individuals looking to travel abroad or pursue studies overseas. It boasts many features such as zero forex markup, zero TCS on spends, an FD-based credit card system, and more, which we will discuss in detail in this article.
The Niyo Global credit card is issued in partnership with SBM Bank and operates on an FD-based credit card system. The minimum FD required to obtain this card is INR 5000, with the maximum FD allowed being 50 lakh. Your FD amount serves as your credit limit for the card.
Features :
Min FD – INR 5000
Max FD – INR 50 lakh
zero forex markup
credit limit 100%
no cross currency usage fee
supported 130+ currency
No TCS deducted no limits
Up to 1% cashback on domestic spends
load in INR and spend in 130+ currency without paying any extra charges
you will get up to 7.25% interest p.a. in your FD amount
International lounge access the world- if you spend 50K outside India (1 per quarter)
Charges:
| Joining fee | NIL |
| annual fee | NIL |
| Atm withdrawal charges | 500 or 2.5% of transaction amount (whichever is highest) |
| over limit fee | INR 150 |
| interest free period | up to 45 days |
| interest rate (if bill in not paid) | 3% monthly(36% annually) |
| Charges in case of default(late payment fee) | INR 150 |
| Minimum amount due | 5% of total transaction amount |
Benefits:
1) Niyo global credit card have no tcs limits unlike other forex card which attract TCS above 7 lakh spend which makes it very attractive for those who are looking for foreign travel hassel free , you can spend unlimited without attracting any TCS.
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