Forex cards, also known as prepaid travel cards, are your ultimate companion when exploring foreign lands. They come pre-loaded with the currency of your choice, allowing you to effortlessly make payments abroad in the local currency.
You can apply for a forex card on BookMyForex by following these steps:
Step 1: Go & visit the BookMyForex forex card page. Now you have to select your city and choose the currency you wish to purchase.
Step 2: Next, enter the forex amount and Tap on the ‘Book this order’ button and the whole order flow page will open up on your screen.
Step 3: Enter customer details such as your name, contact number, email ID, and PAN number.Â
Step 4: You also have to select the countries you are travelling to, the start date of your trip as well as the end date of your trip.
Step 5: As per the Reserve Bank of India guidelines, you have to select the purpose of your visit. You can choose the one that fits best from the list of purposes mentioned.
Now you can upload the documents as requested and proceed further.
Step 6: Select the address where the forex card will be delivered to your doorstep. Then you have to make the required payment and that’s it. It is just that simple.
In case you have any queries regarding this, you can simply give us a call on +91 9212219191 and our customer support executive will be happy to help you.
Documents required to apply for a forex card on BookMyForex
To buy a forex card in India, you will need the following documents:
-     Passport’s front page and back page
- Â Â Â Â Valid Visa (if not on arrival)
- Â Â Â Â Air Ticket showing travel within 60 days
- Â Â Â Â Copy of PAN Card
In addition to these documents, other documents may be required based on the purpose of the trip. BookMyForex’s customers can upload the necessary documents online. When a customer uploads a document to the website, BookMyForex watermarks it to ensure the protection of the data and documentation submitted by the customer. Watermarking specifically specifies the document’s intended usage and prohibits it from being misappropriated for other objectives.
So you do not need to worry about sending your personal documents to us. At BookMyForex, we take our customer’s privacy very seriously.
Charges and Fee Structure of a BookMyForex Travel Card
The BookMyForex Travel Card is a convenient and secure way to carry foreign currency while traveling abroad. It offers various benefits and features, along with a transparent fee structure:
| Issuance Fee | INR 0.00/- |
|---|---|
| Reload Fee | INR 0.00/- |
| Refund Fee | INR 0.00/- |
| Cross Currency Fee | 3.5% of Transaction Value |
| Inactivity Fee* (Inactive period 12 months from the last transaction on the card) | INR 0.00/- |
| Cash Disbursement fee | 2% of transaction amount |
| Replacement Card Fee In-India | INR 250 |
| Replacement Card Fee (Out of India) | INR 3000 |
Benefits of Using a Forex Card for Foreign Travel
Forex cards offer several benefits that make them a popular choice among international travelers.Â
Load multiple currencies: If you plan to travel to two different countries during the same trip, it’s a smart choice to acquire a multi-currency forex card that enables you to load various currencies onto a single card.Â
Enjoy locked-in exchange rate: The majority of forex cards provide a lock-in rate feature, which safeguards the cardholder from unpredictable currency rate fluctuations. Regardless of the daily fluctuations in the exchange rate, the funds on your card maintain their original value.
No currency exchange hassles: When you have a pre-loaded Forex card, you won’t have to hunt for a currency exchange office in an unfamiliar location. Moreover, the cost of loading currency onto a forex card is significantly cost-effective compared to exchanging currency abroad.
Shop online/E-commerce transactions: Forex cards are versatile and can be utilized at the majority of merchant establishments worldwide. You can also make online purchases on international websites with your Forex card, similar to how you would with a regular credit or debit card.Â
Safe and secure: The majority of forex cards are equipped with embedded chip technology, which offers a higher level of security compared to the magnetic strip technology commonly found on regular debit and credit cards, hence safeguarding against counterfeiting and other frauds.
Global acceptance: Forex cards enjoy global acceptance and can be used for reserving airline tickets, booking hotel accommodations, dining, shopping (both online and in physical stores), and even for cash withdrawals at ATMs in foreign countries.
Things to watch out for while purchasing a Forex Card
Whether you are a frequent traveler or planning a one-time trip abroad, here are some important things to watch out for while purchasing a Forex card:
Charges and Fees: Different vendors may have varying fee structures for forex cards. Make sure to understand and confirm all charges, including issuance fees, reload fees, ATM withdrawal fees, inactivity fees, etc.Â
Usage Limits: Enquire about the daily spending and withdrawal limits associated with the forex card. These limits can vary depending on the card and vendor. Knowing these limits can help you plan your expenses accordingly.
Customer Support: Always keep the helpline number of the card vendor handy. In case of a lost card, fraudulent transactions, or any other issues, you should be able to quickly get in touch with customer support to resolve the problem and take necessary actions.
Insurance Coverage: Most Forex cards come with travel insurance coverage. Carefully review the insurance policy documents to understand the coverage, including medical emergencies, trip cancellations, and baggage loss.
Why should you go for a BookMyForex travel card over others?
There are many reasons why BookMyForex multi-currency travel is the best forex card in India and why you should get one before you travel internationally:
- Zero charges: Â There is no issuance/annual/inactivity associated with the BookMyForex travel card. You also don’t have to pay anything to reload or unload the card. This allows you to save a considerable amount of money that you can use elsewhere on your journey.
- Exact interbank rates: Our customers can load their BookMyForex travel card with foreign currency at exact interbank rates without any markup. As a result, travel card users save 0.5 percent to 2 percent when compared to foreign currency notes, 0.5 percent to 2.5 percent when compared to traveler’s checks, and 3.5 percent to 6 percent when compared to credit/debit cards.
- Free Insurance Cover:With the BookMyForex Forex card, customers get a free insurance cover of up to Rs 1.5 lakhs, protecting against lost card liability, skimming, phishing, counterfeiting, and internet banking fraud. As a result, you can relax and enjoy your trip without fear.
- Free International SIM: Stay Connected for FREE overseas with BookMyForex. When you purchase the BookMyForex Multi-Currency Forex Card, you’ll receive a complimentary International SIM card. This SIM card enables you to enjoy unlimited incoming calls and free WhatsApp chats for one month after activation.
- Exclusive Discounts & Rewards: Let’s talk about the perks that come with this travel card. Imagine exclusive discounts on everything – travel, food, shopping, accommodation, etc. Our Forex card is your ticket to not only indulgence but also significant savings. That’s a combination you’ll definitely want to take advantage of!
So what are you waiting for? Go purchase your BookMyForex travel card now.
Related Resources:
What is Forex Card? Complete Guide
Benefits of Forex Card for Students and Travellers
How to Reload & Unload Forex Card? Steps & Documents Required
Charges and Usage Limits of Forex Card
Tips for Using a Forex Card While Travelling
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