Best Zero Forex Markup Credit Cards in 2025 – Save on International Spending

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.

Benefits

• No additional charges on foreign transactions.
• Ideal for frequent travellers and international shoppers.

List of Credit Cards with zero Forex markup charges and their Key Highlights

Benefits of Zero Forex Markup Credit Card

A zero forex markup credit card offers several advantages, especially for frequent travellers and online shoppers who make international purchases. 

Here are the key benefits:

Eligibility Criteria for Zero Forex Markup Credit Card

1. Age:

• Typically, you must be at least 21 years old and not older than 60 years (for salaried individuals). For self-employed individuals, the age requirement is usually 25–65 years.

2. Income:

• You must have a stable monthly income. The minimum income required often ranges from ₹30,000 to ₹50,000 per month, depending on the bank.

3. Credit Score:

• A good credit score is essential (usually above 750). This ensures that you have a strong credit history and are likely to repay on time.

4. Employment:

• For salaried individuals: You should be employed with a stable company or organisation.
• For self-employed individuals: Proof of business existence and financial stability for a certain number of years is required.

5. Nationality:

• You must be a resident Indian to be eligible for most domestic zero forex markup credit cards.

6. Existing Credit Card or Loan History:

• Having an existing credit card or a good loan repayment history can improve your chances of approval.

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. 

Required Documents for Zero Forex Markup Credit Card

1. Identity Proof:

• Aadhar Card
• Passport
• Voter ID
• Driver's License
• PAN Card

2. Address Proof:

• Aadhar Card (if the address is updated)
• Utility Bills (electricity, water, gas, etc.)
• Passport
• Rental Agreement
• Bank Statement (with your name and address)

3. Income Proof:

• Salary Slips (usually for the last 3–6 months)
• Bank Statements (for the last 3–6 months)
• Income Tax Returns (ITR) (for self-employed individuals)
• Form 16 (for salaried individuals)

4. Photographs:

• Passport-sized photographs (usually 2-3)

5. Additional Documents (if applicable):

• Employment Proof (for salaried individuals)
  • Offer letter, employment ID card, etc.
• Business Documents (for self-employed individuals)
  • Business registration, GST registration, or other financial documents.

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.

How to Apply for an Ixigo AUCredit Card Online?

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.

How to Apply for Club Vistara IndusInd Bank Explorer Credit Card Online?

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.

How to Apply for BookMyForex Credit Card Online?

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.

How to Apply for IDFC Bank Mayura Credit Card Online?

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.

How to Apply for Axis Bank Burgundy Private Credit Card Online?

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.

How to Apply for Zero Forex Markup Credit Card Offline for any bank?

To apply for a Zero Forex Markup Credit Card offline with any bank, follow these steps:

1. Visit the Bank Branch:

• Go to the nearest branch of the bank where you want to apply for the card.

2. Request for the Application Form:

• Ask for the Zero Forex Markup Credit Card application form at the customer service desk or the credit card section of the bank.

3. Fill Out the Application Form:

• Complete the application form with accurate details such as your name, contact information, employment details, income, etc.

4. Submit the Required Documents:

• Along with the application form, submit the necessary documents such as:
  • Identity Proof (Aadhar card, Passport, etc.)
  • Address Proof (Utility bills, Passport, etc.)
  • Income Proof (Salary slips, Bank statements, ITR, etc.)
  • Photographs (Passport-sized)

5. Meet with a Bank Representative:

• Some banks may require a personal meeting or discussion with a representative to verify your documents and income details.

6. Wait for Processing and Approval:

• After submission, the bank will review your application and documents. If eligible, you will receive an approval notification. The card will be sent to your registered address.

7. Receive the Card:

• Once approved, you will receive the Zero Forex Markup Credit Card at your home address, typically within 7-15 business days.

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.

Conclusion

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:

• Frequent travellers who pay for services or purchases abroad.
• International shoppers who want to avoid extra fees.
• Those seeking a transparent and cost-effective way to manage foreign spending.

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.

FAQ’s 

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.

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