1. Do not rely only on a credit card
Many Indian credit cards charge a foreign currency markup of roughly 2 to 3.5 percent, with 18 percent GST applied to that markup. ATM withdrawals may also attract a withdrawal fee, interest and a separate currency conversion cost.
Across hotels, meals, transport and supplier samples, repeated card markups can become a meaningful part of the trip.
2. Carry yuan for immediate expenses
Buy some Chinese yuan before departure for the airport transfer, food and situations where a foreign card or mobile wallet does not work.
Airport exchange counters generally offer weaker rates than a pre-booked forex order. Compare the offered rate against the live CNY-to-INR rate rather than judging the transaction only by its service fee.
3. Use a forex card for hotels, ATMs and larger merchants
The BookMyForex Global USD Forex Card , loaded with USD, fits the card-friendly parts of a Canton Fair trip well: the hotel bill, larger merchants and ATM withdrawals. It supports spending in more than 180 currencies and can be used at supported merchants, online stores and ATMs worldwide.
The card offers zero cross-currency charges, zero ATM withdrawal fees and no issuance, reload, unload or annual fees, making it a practical option for managing business travel expenses.
4. Always pay in Chinese yuan
If a terminal or ATM offers to convert the transaction into INR, decline it and choose CNY.
The INR option uses dynamic currency conversion, where the merchant or ATM provider sets the exchange rate. It is usually less competitive than allowing your card provider to process the payment in the local currency.
5. Separate travel expenses from supplier payments
A forex card is suitable for hotels, meals, local transport and normal business-trip expenses. It is not the correct method for paying a factory deposit or settling a commercial import invoice.
Supplier payments should go through documented business banking or trade-remittance channels with the correct invoice, purpose code and compliance paperwork. Avoid paying a large commercial order through a personal wallet or travel card simply because the supplier suggests it.