What is a forex card? Your key to hassle-free international payments

Synopsis:

  • A forex card is a prepaid travel card that allows you to carry and spend foreign currency easily and securely on international trips, eliminating the need to carry large amounts of cash. 
  • There are two main types: single currency and multi-currency forex cards. Multi-currency cards like the HDFC Bank Multi Currency ForexPlus Card can be loaded with up to 23 currencies. 
  • Forex cards are cost-effective, safe, economical, convenient, and reusable for multiple trips, and they offer privileges and discounts. 
  • Contactless forex cards enhance convenience and security by allowing tap-and-go payments. 
  • HDFC Bank offers a wide range of ForexPlus Cards including the Multicurrency ForexPlus Card, Regalia ForexPlus Card, ISIC Student ForexPlus Card, and the Hajj Umrah Card. 

Overview

A forex card is your best friend on your travels abroad. It is the easiest way to carry foreign currency and pay for expenses on your overseas trips.

Think of a forex card as a prepaid travel card that you can load with a foreign currency of your choice. You can use a forex card just like a credit or debit card to pay for your expenses in a local currency abroad. You can withdraw local cash from an ATM. 

With a forex card in your wallet, you need not carry wads of cash on your sight-seeing trips in a new country. Forex cards are considered one of the safest ways to carry money on your international travels. 

Easily pay for entry tickets, rail and bus passes, taxis, restaurant bills, shopping etc with a swipe or a wave of your forex card. 

What is a Contactless Forex Card?

A contactless forex card is a type of prepaid travel card that allows you to make payments by simply tapping or waving the card near a payment terminal, without the need to insert or swipe it. This feature enhances convenience and security, as the card never leaves your hand, reducing the risk of loss or theft. It functions like a standard forex card, enabling you to carry and use foreign currency while travelling, but with the added benefit of quicker and safer transactions.

What are the Benefits of a Forex Card?

  • Cost-effective: It’s the cheapest way of carrying and paying in foreign currency internationally.

  • Safe: Safer than carrying cash.

  • Economical: Cheaper than using other cards abroad.

  • Convenient: As easy to use as credit or debit cards.

  • Reusable: Can be used for multiple trips.

  • Privileges and discounts: Enjoy special privileges and discounts wherever you go.

To know more about forex card benefits, click here.

Apply for a Forex Card now and travel without the hassle of carrying cash!

* Terms & conditions apply. ForexPlus Card approvals are at sole discretion of HDFC Bank Ltd. The information provided in this article is generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances.

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