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