10 Best Forex Cards in India 2025– Your Ultimate Guide for Hassle-Free International Travel

10 Best Forex Cards in India

Foreign travel comes with its own set of challenges, and currency management often tops the list. While carrying cash has its risks, and credit cards might incur hefty forex markup fees, forex cards bridge the gap by offering a safer, cheaper, and more convenient alternative.

A forex card works like a prepaid debit card. Load it with the desired currency before your trip, and use it for withdrawals or transactions abroad. What sets it apart is the locked exchange rate, ensuring you’re protected against fluctuating currency rates.

But with so many options available, how do you choose the best one? That’s where this guide comes in!

Hook: Travel Smarter with the Right Forex Card

Are you tired of hidden fees and fluctuating exchange rates? A forex card eliminates these hassles, offering you peace of mind on your travels. From lounge access to zero currency conversion charges, discover the best forex cards in India that promise to make every transaction abroad seamless.

Best Forex Cards in India

Forex Card	Joining Fee	Currencies Supported	Key Features
Niyo Global Card	Nil	130+	Zero forex markup, lounge access, 7% interest on savings
BookMyForex YES Bank Forex Card	Nil	14	Free SIM card, discounts, no issuance fee
Axis Bank Multi-Currency Forex Card	₹300	16	Lock-in rates, emergency assistance, wide global acceptance
Standard Chartered Forex Card	₹299	20	Insurance coverage, backup card, SMS alerts
HDFC Multicurrency Platinum Card	₹500	22	10x reward points, cashback, Dubai shopping vouchers
ICICI Student Forex Prepaid Card	₹499 + GST	2	ISIC membership, Uber vouchers, insurance coverage
SBI Multi-Currency Travel Card	₹100 + taxes	7	Low fees, easy reloads, multi-currency support
Yes Bank Multi-Currency Card	₹125 + taxes	14	Instant SMS alerts, secure transactions, lock/unlock feature
IndusInd Multi-Currency Travel Card	₹300 + taxes	14	Convenient replacement, branch availability, no forex markup
TripMoney Global Cash Card	Nil	155+	Free lifetime card, mobile app management, MMT discounts

10 Best Forex Cards in India

1. Niyo Global Card by Equitas Bank

Joining Fee: Nil
Renewal Fee: Nil

The Niyo Global Card is a game-changer for international travelers. Launched by Niyo Solutions in partnership with Equitas Small Finance Bank, it offers zero forex markup and a 7% interest rate on savings. With a user-friendly mobile app, this card is perfect for managing international payments in over 130 currencies.

Features & Benefits

• Zero Forex Markup: Say goodbye to hidden charges when making international transactions.
• Complimentary Lounge Access: Enjoy premium lounge facilities at Indian airports.
• High-Interest Savings: Earn up to 7% on your savings, making it a dual-purpose card.
• Global ATM Locator: Find ATMs anywhere in the world with ease.
• Real-Time Currency Conversion: Track your spending without worrying about fluctuating rates.

Additional Perks:

• 3 free ATM withdrawals per month domestically, nominal fees thereafter.
• Zero TCS for international spending up to ₹7 lakhs annually.

Why Choose Niyo Global Card?

The Niyo Global Card isn’t just a forex card—it’s a comprehensive financial tool. Whether you’re a frequent traveler or planning a one-off trip, its features ensure you save money while enjoying unmatched convenience.

2. BookMyForex YES Bank Forex Card

Joining Fee: Nil
Renewal Fee: ₹250 (India) / ₹3,000 (abroad)

Designed for the modern traveler, this card supports 14 currencies and comes packed with attractive discounts. Plus, it eliminates the hassle of currency exchange with its zero issuance fee and no forex markup.

Features & Benefits

• Welcome Offer: Get ₹200 off your first transaction using the promo code NEWTOBMF.
• Multi-Currency Support: Seamlessly handle expenses across 14 currencies.
• Free International SIM Card: Stay connected while traveling abroad.
• Discounts on Dining: Avail exclusive offers on EazyDiner for transactions over ₹1,000.

Why It Stands Out?

With free insurance coverage, a user-friendly app, and enticing discounts, this card is a no-brainer for frequent travelers.

3. Axis Bank Multi-Currency Forex Card

Joining Fee: ₹300
Renewal Fee: N/A

Axis Bank’s Multi-Currency Forex Card is synonymous with flexibility and security. Supporting 16 currencies, it provides benefits like lock-in rates, emergency assistance, and dining privileges.

Features & Benefits

• Emergency Assistance: Includes card blocking, passport help, and cash advances.
• Lock-In Exchange Rates: Say goodbye to currency fluctuations.
• Wide Global Usage: Accepted at over 30 million merchant outlets and 1 million ATMs worldwide.

Did You Know?
With this card, you can enjoy a 15% discount at select restaurants globally!

4. Standard Chartered Multi-Currency Forex Card: Convenience Meets Security 

The Standard Chartered Multi-Currency Forex Card is a traveler’s best friend. It’s designed to simplify your international journeys while ensuring secure, cashless transactions. This card caters to global adventurers with its ability to hold multiple currencies and features that offer convenience and peace of mind.

Features and Benefits

• Multi-Currency Support: Load up to 20 currencies on a single card, including USD, EUR, GBP, CAD, SGD, and AED.
• Global Acceptance: Use the card in over 120 countries and at millions of merchant outlets worldwide.
• Robust Insurance Coverage:
  • Misuse of lost/stolen cards: Up to ₹5,00,000.
  • Personal accidental death cover: ₹50,00,000.
  • Loss of baggage/personal documents: ₹1,00,000.
• Backup Card: A secondary card comes pre-activated for emergencies.
• Online Portal: Manage your card online with ease—reload currencies, check balances, and more.
• SMS Alerts: Stay updated with instant alerts for every transaction.
• Duty-Free Shopping: Accepted at duty-free shops across Indian airports.

Why Choose This Card?

The Standard Chartered Forex Card offers a combination of security, flexibility, and convenience. Whether you’re a student, a frequent traveler, or planning a one-time vacation, this card ensures seamless transactions and unparalleled safety.

 5. HDFC Bank Multicurrency Platinum ForexPlus Chip Card: High Rewards for High Spenders 

 

The HDFC Multicurrency Platinum ForexPlus Card offers a secure, rewarding way to carry multiple currencies. Designed for both frequent and occasional travelers, it ensures that you get the most value for every rupee spent abroad.

Features and Benefits

• Multiple Currency Loading: Load up to 22 currencies, including USD, EUR, JPY, and CHF.
• Exchange Rate Lock-In: Safeguard against forex rate fluctuations by locking in rates at the time of loading.
• Reward Offers:
  • Amazon vouchers for specific load amounts.
  • Dubai shopping vouchers for loading AED 4,000.
  • Cashback of ₹5,000 on loading/reloading via HDFC Bank Credit Card EMI.
• Lounge Access: Complimentary lounge access at select airports.
• Cross-Currency Fee: A minimal 2% for transactions in unsupported currencies.

Unique Selling Point

Frequent travelers benefit significantly from this card’s reward structure. Moreover, its exchange rate lock-in feature makes it a safe bet for those wary of currency fluctuations.

 6. ICICI Bank Student Forex Prepaid Card: Perfect for Aspiring Scholars 

The ICICI Student Forex Card is a must-have for students heading abroad for studies. Tailored to cater to the unique needs of students, this card offers an economical way to manage finances while providing useful perks.

Features and Benefits

• Currency Support: Supports transactions in USD with a cross-currency markup fee of 3.5%.
• Welcome Perks:
  • Free ISIC Membership worth ₹999.
  • ₹500 Uber vouchers.
  • Free SIM card.
• Insurance: Coverage of up to ₹5,00,000 for lost or counterfeit card usage.
• Zero Liability: Ensures peace of mind if the card is stolen or misused.
• ATM Fee Waivers: One monthly waiver for international ATM withdrawals.
• Special Discounts: Save on courier services (DHL) and international expenses.

Why Pick This Card?

ICICI Student Forex Card ensures that students can focus on their studies without worrying about financial logistics, thanks to low charges and extensive insurance coverage.

 7. State Bank Multi-Currency Foreign Travel Card: Trusted by Millions 

The State Bank Multi-Currency Card is backed by one of India’s most trusted banks. It’s an affordable and convenient solution for international travelers seeking reliable forex management.

Features and Benefits

• Multiple Currencies: Load 7 currencies, including USD, EUR, SGD, and AUD.
• Zero Markup Fee: No fees for transactions in loaded currencies.
• Cross-Currency Usage: A nominal fee of 3% for unlisted currencies.
• Global Acceptance: Use at ATMs and POS terminals worldwide.
• Reload Options: Reload your card online or at any SBI branch.

Ideal For

Budget-conscious travelers looking for a simple, reliable, and secure card for international transactions.

 8. Yes Bank Multi-Currency Travel Card: Low-Cost Global Transactions 

The Yes Bank Multi-Currency Travel Card combines affordability with versatility, making it ideal for globetrotters.

Features and Benefits

• Currency Support: Supports 14 currencies, including USD, GBP, EUR, and SGD.
• Low Fees: Minimal charges for transactions and withdrawals.
• Transaction Alerts: Get instant SMS notifications for every transaction.
• Card Management: Temporary locking/unlocking via customer support.
• Secure Payments: Comes with robust fraud protection features.

Why It Stands Out?

Yes Bank’s travel card is perfect for those who value affordable international transactions coupled with robust customer support.

9. IndusInd Bank Multi-Currency Travel Card: A Globally Accepted Gem 

The IndusInd Forex Card offers excellent value with its wide currency support and robust security measures.

Features and Benefits

• Multi-Currency Options: Supports 14 currencies, including JPY, ZAR, and THB.
• No Forex Markup: Transactions in loaded currencies incur no markup fees.
• Easy Replacement: Replace lost or stolen cards hassle-free.
• Broad Accessibility: Available at 400+ IndusInd branches nationwide.

Best For

Frequent travelers seeking a comprehensive and flexible travel card.

10. TripMoney Global Cash Card: Travel Hassle-Free 

Issued by MakeMyTrip in collaboration with SBM Bank, the TripMoney Global Cash Card is a game-changer for international travelers.

Features and Benefits

• Free to Use: No joining or renewal fees.
• No Forex Charges: Enjoy zero forex markup fees.
• Wide Coverage: Accepted in over 155 countries.
• Mobile App: Easily load, track, and manage your card on the go.
• Exclusive Discounts: Unlock MakeMyTrip Black perks for additional savings.

Who Should Choose This?

Perfect for leisure travelers and occasional flyers looking for ease of use and value-added benefits.

11. Thomas Cook Borderless Prepaid Card: A Global Traveler’s Ally 

The Thomas Cook Borderless Prepaid Card is one of the most versatile forex cards available, providing seamless international transactions and excellent customer service for travelers exploring multiple destinations.

Features and Benefits

• Multiple Currencies: Load up to 9 currencies, including USD, EUR, GBP, AUD, and AED.
• No Cross-Currency Fee: Transactions in loaded currencies incur no fees.
• Emergency Card Replacement: Quick assistance for lost or stolen cards.
• Smart Alerts: Instant SMS/email alerts for every transaction.
• Reload Flexibility: Reload your card online or at Thomas Cook branches.
• Insurance: Protection against fraudulent transactions, personal accidents, and baggage loss.
• Accepted Worldwide: Use at 35 million merchant outlets and 2 million ATMs.

Who Should Choose This Card?

Ideal for frequent travelers who want the flexibility to manage multiple currencies while enjoying robust security and emergency assistance.

FAQs on Forex Cards

1. What is a forex card, and how does it work?
A forex card is a prepaid card loaded with foreign currencies, allowing you to make secure transactions while traveling abroad. It works like a debit card and can be used at ATMs, point-of-sale terminals, and online merchants.

2. Can I reload my forex card while traveling?
Yes, most forex cards can be reloaded online through banking portals, apps, or authorized branches, even while you’re abroad.

3. What happens if I lose my forex card?
Most forex cards come with an emergency card replacement feature. You can contact customer support to block the lost card and get a replacement.

4. Are forex cards safer than cash?
Yes, forex cards are much safer than carrying cash. They come with PIN-based authentication, fraud protection, and insurance coverage.

5. Do forex cards have an expiry date?
Yes, forex cards typically have a validity of 3–5 years. You can either renew them or encash the remaining balance before expiry.

6. Is there a fee for withdrawing cash from ATMs using a forex card?
Yes, most cards charge a nominal fee for international ATM withdrawals. Some cards offer a limited number of free withdrawals.

7. Can I use a forex card for online shopping?
Yes, forex cards can be used for online shopping on international websites in the supported currencies.

8. Are there any hidden charges with forex cards?
Forex cards are generally transparent with fees. However, you should be aware of cross-currency charges, ATM withdrawal fees, and inactivity fees.

9. How does a forex card differ from a credit card for international travel?
Forex cards offer locked-in exchange rates, avoiding fluctuations. Credit cards, however, charge dynamic forex rates and often levy higher transaction fees.

10. Which forex card is best for students studying abroad?
The ICICI Student Forex Prepaid Card and HDFC Multicurrency ForexPlus Card are excellent choices due to low fees, insurance benefits, and added perks for students.