Is Forex Card A Debit Card?

Can forex card be used as credit card?

One of the easiest ways to carry and spend money on your travels abroad is a Forex Card.

It’s as easy to use as a Credit Card or Debit Card and as widely accepted.

You can use your Forex Card to pay for online transactions in stores abroad..

What is the difference between forex card and international debit card?

Also unlike credit, debit cards you aren’t susceptible to variable rates as forex loaded on your prepaid card is loaded at a fixed rate. … —Ability to withdraw cash from Visa/MasterCard ATMs abroad.

Are forex cards worth it?

A prepaid forex card is another option you can consider. “These are the safest option (compared to cash) since they are enabled with PIN protection, can be swiped for all sorts of transactions and are attractive in terms of pricing,” says Anand Tandon, CEO & Founder, Myforexeye.com.

How long does it take to get a forex card?

about 4 -5 daysIt takes about 4 -5 days to process and receive personalised forex cards. The card can be reloaded with additional forex by filling up a reload form and submitting a cheque or a debit instruction for the required amount. 1. An existing bank account is not required with the bank to obtain a forex card.

How do you put money on a forex card?

How to load money in a Forex Card?Login to your NetBanking account.Select prepaid cards.Select the type of forex card you hold.Enter the amount and currency of your choice.

Can I withdraw cash from forex?

Yes, you can withdraw cash from any VISA/VISA Plus/MasterCard ATMs worldwide. However, if you have to change the PIN of your Forex card, you can do that only in an Axis Bank ATM in India. Your Card will work fine at any shop or restaurant or a hotel that accepts cards of Visa/Visa Plus or MasterCard.

What are the charges for HDFC forex card?

HDFC Bank Forex Cards Rates and ChargesFee/Charge TypeRegalia ForexPlusMakeMyTrip HDFC Bank ForexPlusCard issuance feeRs.1,000 plus taxesRs.500 plus taxesReload FeeRs.75 plus taxesRs.75 plus taxesRe-issuance of Card FeeRs.100 plus taxesRs.100 plus taxes

Which bank is best for forex card?

Below are some of the best forex cards in India that you might want to have a look at. YES Bank Multi-Currency Travel Card. Axis Bank Multi-Currency Forex Card. MakeMyTrip HDFC Bank ForexPlus Card. ICICI Bank Travel Card. HDFC Regalia ForexPlus Card.More items…

What are the documents required for forex card?

Documents Required for Forex CardApplication form.Copy of passport (self-attested).Copy of visa (visas if the trip involves multiple countries).Airline ticket copy.PAN card.

Can I get forex card same day?

You can apply in just three easy steps. If you are not a Savings customer, follow the steps outlined in the Forex Card online application form and, after successful completion, you can get your card delivered at your doorstep in three days. If you choose to personalise your card, you may have to wait for a week.

Can I withdraw money from debit card in another country?

Yes. As long as your ATM or credit card has either a Visa or PLUS logo, you can withdraw cash at ATMs that are part of the Visa or PLUS network. How do I find an ATM in the country that I’m traveling to? Visa is accepted at over 200 countries and territories around the world.

What is the benefit of forex card?

A forex card comes with several benefits. It’s the cheapest way of carrying and paying in foreign currency internationally; it’s safer than cash; cheaper than other cards and convenient as credit or debit cards; you can use it for multiple trips; and you get to enjoy special privileges and discounts wherever you go.

How do I withdraw money from my travel card?

To withdraw money from travel card, you need to insert your card into any ATM machine abroard and follow the instruction. It is as simple as withdrawing money from your regular bank card.

How can I get instant forex card?

To apply for a Forex card, you need to submit an Application-cum-Declaration form along with a copy of your passport, tickets and visa. You have to remit an amount in Indian Rupees (equivalent to the amount you want in foreign currency) to the bank. Once the transaction is done, your card is activated.

What is the validity of forex card?

5 yearsWhat is the validity of the card? The Forex Card is valid for a period of 5 years.

Is forex card better than cash?

Prepaid forex cards have better exchange rates than carrying cash around. Therefore, you can buy more foreign currency in a prepaid forex card than as cash, with the same amount of money. Cash has higher conversion rates and may vary from one dealer to the next. … Cash that is lost, remains lost.

Can I transfer money from forex card to bank account?

Even though you can check your forex card balance online, but you can’t transfer funds from your forex card to your bank account. Most forex cards levy a fee per ATM withdrawal abroad, there is also a limit to your daily withdrawal.

Can I use forex card on Amazon?

Amazon India allows their customers to make payments using all international personal credit and debit cards. This includes Visa, American Express, and MasterCard that is issued outside India. … Also, you cannot use your international card to pay for Amazon Prime membership fee.