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5 zero markup forex credit cards for international transactions

5 zero markup forex credit cards for international transactions


SUMMARY

When traveling abroad, managing currency exchange costs can be a challenge. Many credit cards offer a zero forex markup feature, allowing cardholders to make international transactions without the extra charges typically associated with currency conversion. Here’s a list of some of the zero-markup forex credit cards available in the market, as compiled by BankBazaar.

Profile imageBy Anshul  December 5, 2024, 6:15:20 PM IST (Published)
1. IDFC Bank First Wow Credit CardThe IDFC Bank First Wow Credit Card allows cardholders to earn 1 Reward Point for every Rs. 150 spent. However, fuel, EMI transactions, and cash withdrawals are excluded from earning rewards. The card offers no forex conversion fee and provides benefits such as a personal accident cover of Rs. 2,00,000. Users can enjoy access to over 300 merchant offers and a 50% discount on movie tickets through BookMyShow. The card also offers an ATM withdrawal limit up to 100% of the FD value.

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IDFC Bank First Wow Credit Card | The IDFC Bank First Wow Credit Card allows cardholders to earn 1 Reward Point for every ₹150 spent. However, fuel, EMI transactions, and cash withdrawals are excluded from earning rewards. The card offers no forex conversion fee and provides benefits such as a personal accident cover of ₹2 lakh. Users can get access to over 300 merchant offers and a 50% discount on movie tickets through BookMyShow. The card also offers an ATM withdrawal limit up to 100% of the FD value. (Image: Bankbazaar)

2. Federal Bank Scapia Co-branded Credit CardThe Federal Bank Scapia Co-branded Credit Card is designed for travel enthusiasts. It offers 10% Scapia coins on every eligible expenditure and 20% on travel bookings made through the Scapia App. The card comes with no forex markup fee, and users can redeem their coins for flights and hotels on the Scapia app. There are also benefits like unlimited lounge access, 24x7 customer support, and no joining or annual fees.

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Federal Bank Scapia Co-branded Credit Card | The Federal Bank Scapia Co-branded Credit Card is designed for travel enthusiasts. It offers 10% Scapia coins on every eligible expenditure and 20% on travel bookings made through the Scapia App. The card comes with no forex markup fee, and users can redeem their coins for flights and hotels on the Scapia app. There are also benefits like unlimited lounge access, 24×7 customer support, and no joining or annual fees.

Axis Bank Burgundy Private Credit CardThe Axis Bank Burgundy Private Credit Card provides a welcome bonus of 30,000 Edge Reward points. It offers no forex markup on international transactions and a comprehensive set of services such as 24x7 concierge, complimentary rounds of golf, and discounts on dining and hotels. Cardholders also enjoy lounge access at domestic and international airports, along with a fuel surcharge waiver for transactions between Rs. 400 to Rs. 4,000.

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Axis Bank Burgundy Private Credit Card | The Axis Bank Burgundy Private Credit Card provides a welcome bonus of 30,000 Edge Reward points. It offers no forex markup on international transactions and a comprehensive set of services such as 24×7 concierge, complimentary rounds of golf, and discounts on dining and hotels. Cardholders also get lounge access at domestic and international airports, along with a fuel surcharge waiver for transactions between ₹400 to ₹4,000. (Image: Bankbazaar)

RBL World Safari Credit CardThe RBL World Safari Credit Card offers travel-related perks such as lounge access, travel insurance, and a zero forex markup fee. Cardholders earn 5 Travel Points for every Rs. 100 spent on travel purchases, with bonus travel points available on reaching spend milestones. The card also includes benefits like complimentary lounge visits, concierge services, and a fuel surcharge waiver of up to Rs. 250 per month.

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RBL World Safari Credit Card | The RBL World Safari Credit Card offers travel-related perks such as lounge access, travel insurance, and a zero forex markup fee. Cardholders earn 5 Travel Points for every ₹100 spent on travel purchases, with bonus travel points available on reaching spend milestones. The card also includes benefits like complimentary lounge visits, concierge services, and a fuel surcharge waiver of up to ₹250 per month. (Image: Paisabazaar)

ixigo AU Credit CardThe ixigo AU Credit Card offers a set of travel-related benefits, including discounts on flight, train, and hotel bookings. The card also provides a waiver for PG charges on train bookings and a 1% surcharge waiver for fuel transactions. Users can earn reward points on various spends, including 20 points for every Rs. 200 spent on train bookings with ixigo. Additional perks include domestic and international lounge access and zero forex markup fees on international transactions.

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ixigo AU Credit Card | The ixigo AU Credit Card offers a set of travel-related benefits, including discounts on flight, train, and hotel bookings. The card also provides a waiver for PG charges on train bookings and a 1% surcharge waiver for fuel transactions. Users can earn reward points on various spends, including 20 points for every ₹200 spent on train bookings with ixigo. Additional perks include domestic and international lounge access and zero forex markup fees on international transactions.





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