When it comes to traveling abroad, carrying foreign currency can be a hassle. Not only do you have to worry about the exchange rates, but also the safety and security of carrying around large amounts of cash. This is where a forex card comes in handy. A forex card is a prepaid card that allows you to load foreign currency onto it and use it like a debit card. But which bank is best for forex card? Let’s explore.
HDFC Bank ForexPlus Card
One of the most popular forex cards in India is the HDFC Bank ForexPlus Card. This card is available in multiple currencies and can be used at over 2 million MasterCard ATMs worldwide. You can also use it to make payments at over 34 million MasterCard merchants globally. The card comes with the added benefit of emergency assistance, which means that you can get a replacement card or emergency cash if you lose your card or it is stolen.
Axis Bank Multi-Currency Forex Card
The Axis Bank Multi-Currency Forex Card is another popular option among travelers. This card can be loaded with up to 16 different currencies and can be used at over 1.6 million Visa ATMs worldwide. It also comes with the added benefit of emergency assistance, including a replacement card and emergency cash if you lose your card or it is stolen.
ICICI Bank Travel Card
The ICICI Bank Travel Card is a popular option for those traveling to multiple countries. This card can be loaded with up to 15 different currencies and can be used at over 2 million MasterCard ATMs worldwide. You can also use it to make payments at over 34 million MasterCard merchants globally. The card comes with the added benefit of emergency assistance, which means that you can get a replacement card or emergency cash if you lose your card or it is stolen.
State Bank of India Multi-Currency Foreign Travel Card
The State Bank of India Multi-Currency Foreign Travel Card is a popular option for those traveling to multiple countries. This card can be loaded with up to 15 different currencies and can be used at over 2 million Visa ATMs worldwide. It also comes with the added benefit of emergency assistance, including a replacement card and emergency cash if you lose your card or it is stolen.
Conclusion
Choosing the best bank for a forex card depends on your individual needs and preferences. All of the banks mentioned above offer competitive exchange rates, multiple currency options, and the added benefit of emergency assistance. However, it is important to do your research and compare the fees and charges associated with each card before making a decision. Ultimately, the best bank for a forex card is the one that meets your specific travel needs and offers the most convenience and security.
