The card, denominated in US dollar, is accepted in over 200 countries and offers features designed to reduce foreign exchange costs.
Key features of the card include:
- Zero Cross-Currency Fees: Users can make payments in any currency without incurring conversion charges.
- No ATM Withdrawal or Cash Disbursement Fees: The card offers free ATM withdrawals abroad, allowing for easy access to cash without additional fees.
- Up to 2% Cashback: Users can purchase foreign exchange at rates up to 2% below the interbank rate, with a maximum cashback of ₹7,500.
The card is particularly targeted at students, professionals, and travellers heading to destinations where cross-currency fees are typically a concern.
Sudarshan Motwani, Founder and CEO of BookMyForex, stated that international travel, especially to emerging destinations, often comes with hidden charges like cross-currency fees.
He emphasised that the Global Forex Card is designed to offer a more transparent and cost-effective solution for managing foreign exchange.
Additional features include:
- True Zero Markup: The card offers transparent forex rates with no hidden conversion costs.
- Lifetime Free Card: There are no charges for card issuance, reloads, or annual fees.
- No-Fee University Payments: The card can be used by students to make tuition payments without incurring additional fees.
For a limited time, BookMyForex is offering an introductory promotion, including:
- Up to 2% Cashback: On new forex orders, customers can access forex at rates up to 2% lower than the interbank rate.
- Free International ATM Withdrawals: Users can withdraw cash internationally without incurring extra charges.
The Global Forex Card can be ordered via the BookMyForex website or mobile app, with same-day delivery available for orders placed before 1 PM on weekdays.
BookMyForex is a provider of foreign exchange services in India, offering forex cards, international money transfers, and currency exchange through its online platform.
