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A Zero Forex Markup Credit Card is a credit card with no additional fees on international transactions, such as the Forex markup typically charged for currency conversion.
Example
Rahul, a software engineer earning ₹50,000 per month, purchased $200 in the USA. If he had used a normal credit card, he would have been charged a 3-5% Forex fee. However, the Zero Forex Markup Credit Card has no extra charge.
Let's see how Rahul took advantage of a Zero Forex Markup Credit Card in the table below.
Transaction | Amount |
Monthly Salary | ₹50,000 |
Shopping | ₹15,000 |
Forex Markup Fee (Normal) | ₹450-₹750 |
Forex Markup Fee (Zero) | ₹0 |
Total Payable | ₹15,000 |
Benefits
Type | Joining Fee | Annual Fee | Welcome Benefits |
Ixigo AU Credit Card | Nil | Nil | 1,000 reward points ₹1,000 ixigo money |
A zero forex markup credit card offers several advantages, especially for frequent travellers and online shoppers who make international purchases.
Benefit | Description |
No Extra Fees on Foreign Transactions | Regular credit cards charge a 2-3.5% Forex markup, but a Zero Forex Markup Card eliminates this fee, saving you money. |
Cost-effective for International Travellers | Make purchases abroad at actual exchange rates without additional charges. |
Savings on online purchases |
1. Age:
2. Income:
3. Credit Score:
4. Employment:
5. Nationality:
6. Existing Credit Card or Loan History:
Meeting the eligibility criteria increases your chances of getting a Zero Forex Markup Credit Card with favourable terms.
Maintaining a high credit score, a stable income, and a strong financial history can further enhance your approval prospects. If you don’t meet the requirements, consider improving your credit profile or exploring alternative card options.
1. Identity Proof:
2. Address Proof:
3. Income Proof:
4. Photographs:
5. Additional Documents (if applicable):
Banks may request additional documents based on your specific profile, so it's always best to confirm the exact requirements with your chosen financial institution.
Step 1: Type “Ixigo” on Google, You will see the official website of Ixigo. Below the official website, there is the option of “Free Credit Card .” Click on that.
Step 2: Read all the details like the benefits and regards. You will see a button “Check Eligibility.” Click on that.
Step 3: Log in to Ixigo by entering your mobile number there. After entering your mobile number you will receive an OTP. This number is used for your eligibility for the card.
Step 4: They will check your eligibility and you have to fill in some of your details.
Step 5: After filling in all the details, submit it and wait for processing.
Step 6: Once they review your application and find you are eligible, you will get your credit card within a few working days.
Step 1: Go to the official website of IndusInd Bank
Step 2: In the navbar, you will see an option “Cards.” Hover over that, you will see three sections in which you will see an option of “View all credit cards” in the middle section at the bottom.
Step 3: Click on that. You will be redirected to a new page. Scroll down. You will see two options - “Instant Credit Card” and “All Credit Cards.”
Step 4: Scroll down and you will see a button “Load More.” Click on that.
Step 5: Again scroll down and you will find the Club Vistara Explorer Credit Card. There you will see a button for “Know More.” Click on that.
Step 6: After that, you will be directed to a new page with all the details of the card. On the right-hand side, you will see the “Apply Now” button.
Step 7: After clicking on that, you will see so many options that you have to select “Credit Card.” Click on that.
Step 8: After clicking, you have to fill in your PAN number and Phone number, and click on the “Next” button.
Step 9: Fill the details accordingly and submit it. The bank will review your application and once they are sure that you are eligible, the credit card will be issued to you within a few working days.
Club Vistara IndusInd Bank Explorer Credit Card
₹40,000 |
₹10,000 |
Welcome benefits will be applicable subject to payment of joining fees. |
BookMyForex Credit Card | Nil | Nil | Nil |
IDFC Bank Mayura Credit Card | ₹5,999 + GST | ₹5,999 + GST | ₹4,000 Cashback |
Axis Bank Burgundy Private Credit Card | ₹50,000 + taxes | ₹50,000 + taxes | Nil |
Avoid forex fees while shopping on international e-commerce sites, making global shopping more affordable.
Better Exchange Rates | Enjoy exchange rates provided by Visa/Mastercard instead of higher bank-imposed rates. |
Transparency in Spending | No hidden forex charges mean better expense tracking with no surprises. |
Affordable International Subscriptions | Pay for services like Netflix, Spotify, or Apple Music in foreign currencies without extra fees. |
Ideal for Freelancers & Digital Nomads | Save money when earning or spending in foreign currencies, maximising your income. |
*T&C Apply
Also Read – Niyo Global Credit Card
Step 1: Go to the official website of BookMyForex
Step 2: Scroll down and you will see four different options. Click on “Student Forex Card.” On the left-hand side, you will see the details of the credit card.
Step 3: In the details section, you will see a line for Apply now. Click on that.
Step 4: After clicking, you will see a new interface where they will ask you some of the details. Fill the details accordingly and click on the “Continue” button.
Step 5: The bank will review your application and the card will be issued to you within a few working days.
Step 1: Go to the official website of IDFC Bank
Step 2: In the navbar, you will see “Cards.” Hover over that and you will see different types of cards, in which there is “Mayura Credit Card” also
Step 3: After clicking on that you will see a new interface where on the right-hand side you will see a button “Apply Now.” Click on that.
Step 4: There you will see your full name, date of birth and mobile number all as per your Aadhar Card.
Step 5: After filling in all the details, click on the “Apply now” button.
Step 6: Your application has been submitted. Now wait for the processing.
Step 7: After proper verification and processing, the bank will give you your credit card at your exact location.
Step 1: Go to the official website of Axis Bank
Step 2: In the navbar go to “Explore Products.” Hover on that, you will see “Cards” on the left-hand side.
Step 3: Hover on the “Cards” and you will see “Credit Cards.” Click on that.
Step 4: Scroll down and find Burgundy Private Credit Card. In case you do not find the Credit card there. Search on Google “Axis Bank Burgundy Private Credit Card” and read its details.
Step 5: To apply again, you have to go to the official website and repeat steps 1, 2, and 3. After scrolling you will find a button “Apply for Credit Card.”
Step 6: At the same place, the bank’s website has mentioned how to apply for a credit card online. Follow those instructions.
Step 7: The bank will deliver your credit card within a few working days.
To apply for a Zero Forex Markup Credit Card offline with any bank, follow these steps:
1. Visit the Bank Branch:
2. Request for the Application Form:
3. Fill Out the Application Form:
4. Submit the Required Documents:
5. Meet with a Bank Representative:
6. Wait for Processing and Approval:
7. Receive the Card:
You can also inquire about any additional requirements directly at the bank branch. Make sure to check the eligibility criteria and fees before applying to avoid any surprises. Having a good credit score increases your chances of approval. Keep your documents ready and ensure they are up to date for a smooth application process. Once you receive the card, activate it and set security measures for safe transactions.
A Zero Forex Markup Credit Card is an excellent financial product for individuals who frequently make international transactions, whether for travel, shopping, or business purposes. By eliminating the usual Forex markup fees (typically 3-5%), this credit card offers substantial savings on currency conversion charges.
It is particularly beneficial for:
To be eligible, a good credit score, stable income, and necessary documentation are required. While the card comes with various advantages, users should carefully review the terms and conditions to ensure it aligns with their financial goals.
A Zero Forex Markup Credit Card is a smart choice for those looking to minimize extra charges on global transactions and make the most of their spending abroad.
1. What is a Zero Forex Markup Credit Card?
A Zero Forex Markup Credit Card eliminates additional fees on international transactions, meaning no extra charges for currency conversion or foreign purchases.
2. Who should apply for a Zero Forex Markup Credit Card?
This card is ideal for frequent travellers, international shoppers, and anyone who regularly makes foreign transactions, as it helps avoid Forex markup fees and reduces overall costs.
3. Are there any hidden charges with a Zero Forex Markup Credit Card?
While there are no Forex markup fees, other standard charges like annual fees, interest on late payments, or cash withdrawal fees may apply, depending on the card issuer's terms.
4. How does the Zero Forex Markup Credit Card save money?
It saves money by eliminating the typical 3-5% Forex markup fee on international transactions, making it cost-effective for anyone who regularly spends in foreign currencies.
5. Is a Zero Forex Markup Credit Card available to all credit cardholders?
No, this card typically requires a good credit score, stable income, and meeting the eligibility criteria set by the card issuer, such as age and employment status.
Other Credit Cards | ||||
