Indusind Bank Multi-currency Forex Card Review
![](https://vkscards.com/wp-content/uploads/2023/04/Indusind-Bank-forex-card-300x210-1.jpg)
I had a recent trip to Singapore & Malaysia so thought to give a try to Indusind Forex card which is by far the best in market for now. I have IndusInd exclusive signature debit card which serves all the international transaction purposes, but I took this IndusForex card just to experience how the forex card works, as there is quite a noise for Forex cards in the country.
Features & Benefits of Indus Forex Card:
- ZERO Currency Conversion Charges
- ZERO ATM withdrawals Fee (Upto 2/Month/currency)
- ZERO Processing Fee
- ZERO Issuance Fee (temporary offer)
- Online Usage Enabled
- Validity: 3 Years
- 24/7 Online Booking
- Delivery & Activation within 24-48 Hrs
Ideally, you can get almost exact value of the currency on the said date without any other hidden fees, which made me apply for one. Currencies Offered: United States Dollar, Euro, Australian Dollar, Great Britain Pound, Singapore Dollar, Saudi Riyal, Canadian Dollar & UAE Dirham
Indusind Multi-currency Forex Card Application Process:
- Day 1: Applied online for 100 SGD (minimum) with a coupon code: CARD150 so the card issuance fee gets waived off.
- Day 2: Opted for Branch delivery though received the instant kit delivered at home (exclusive banking benefit) after submitting the documents (flights & Visa) and the card was activated the same day.
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Indusind Bank Forex Card Booking
The rates are in par with Xe.com values with minor difference, as bank’s BUY rate differs from actual worldwide conversion rate.
Additional Savings: While you can pay for the above using net banking, fortunately, you can also pay using a Visa/MC credit/debit card. However it comes with ~2% extra fee which i opted for and paid with my HDFC Jet privilege world credit card
Doing so, i need to pay ~Rs.100 extra but i get ~200 JP Miles which means i’m technically buying 1 JP Mile for 50 paise. It makes sense to me as i try my best to get a value of Rs.1 for 1 JPMile.
Managing the IndusForex Multi-currency Card:
The dashboard looks neat and clean with the basic info. You can view the balances across multiple currencies in a single page and yes you can also view your txn summary online in a click. You’ve everything that you need in a forex card in a simple interface like this:
![](https://vkscards.com/wp-content/uploads/2023/04/image-12-1024x715.png)
Important Things to note:
- If you transact in a currency that’s different from base currency, you’ll be charged 3.5% markup fee. Hence, this card is good only if you can spend in the currencies that they offer.
- They do address verification. I applied using Aadhaar OTP and they verified my permanent address as on Aadhaar after ~2 weeks when i was actually back from the Trip. I didn’t apply using my existing ac info as it pulled the data with some errors.