How To Use Forex Card In 6 Ways

Synopsis:

  • Forex cards are prepaid cards for foreign currency transactions, offering convenience and security over cash.
  • Use it like a prepaid card by loading specific amounts based on travel needs and countries visited.
  • They are accepted globally at ATMs, shops, and online platforms with competitive exchange rates.
  • It is ideal for online payments without cross-currency charges and for cash withdrawals at ATMs.
  • Multicurrency options allow fund transfers between currency wallets, seamlessly facilitating spending in different countries.

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Overview:

 
A forex card, also known as a travel card or currency card, is a prepaid card used for making payments in foreign currencies. It allows travellers to load multiple currencies onto a single card, providing convenience and security compared to carrying cash. Forex cards are widely accepted internationally at ATMs, shops, and online platforms, offering competitive exchange rates and shielding users from currency fluctuations.

Best Way to Use a Forex Card

  • Use it as a Prepaid Card

Based on the type of Forex Card you choose and the countries you travel to, load the amount you need into the card.

  • Swipe or Tap

Whether you want to shop or dine, pay for an event ticket or book a hotel room, pay with your Forex Card. The process is similar and as easy as paying with your credit or debit card. The merchant will swipe it and ask you to sign a receipt.

You can also opt to tap and pay. This is a safer way to pay because it is contactless, and you never have to let the card out of your hand.

  • Ideal for online transactions

You can use your Forex Card to pay for online transactions in stores abroad. The process is similar to using a credit card online; the advantage is you don’t have to pay cross-currency charges.

  • Draw cash from ATMs

When you need cash, all you need to do is locate the nearest ATM. Most cards offer some free transactions. Your transactions will be free if you draw cash from specific networks (such as the All Point ATM network).

  • Shuffling funds

Cards like the HDFC Bank Multicurrency ForexPlus Card come with up to 23 currency wallets, allowing you to pay in multiple currencies without cross-currency charges. If you travel from France to Switzerland, you can transfer funds from a Euro wallet into a Swiss Franc wallet and pay for your expenses in Switzerland without cross-currency charges. You can do this from the comfort of your hotel room using Prepaid NetBanking.

  • Single Currency Payment

Cards like the HDFC Bank Regalia ForexPlus Card let you seamlessly pay wherever you travel without cross-currency charges. Load it once (in USD) and use it to pay for your expenses anywhere in the world.  

That’s how to use a Forex Card to enjoy a hassle-free international holiday.

To apply for a ForexPlus Card, click here.


* Terms & conditions apply. Forex Card approvals are at the sole discretion of HDFC Bank Ltd

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