How to Use Niyo Card: 6 Key Functions

When you are travelling abroad, a big question is how to pay for things. It is smart to think about how you will manage your money when you are not in your home country. Carrying a lot of cash in your home currency isn’t safe, so people usually bring a bit of cash and use cards.

But here’s the issue: when you use your international debit card to get money from an ATM, you might notice hefty conversion fees. These fees can add up quickly and become a hassle. So, figuring out the best and most cost-effective ways to handle your money while you are on your trip is important.

This situation can be smartly dodged with the Niyo card. Understanding how to use the Niyo Card will enable you to avail a multitude of advantages. But let us first understand the practical reasons to own a Forex card before you leave for your next international trip.

Why do you need a Forex card/Global card?

Being a cost-effective alternative for international transactions, global cards cater to a traveller’s needs in the following ways:

1. Lower transaction fees: Niyo Card is a wallet-friendly option for making international payments. Unlike some other forex cards that charge high forex markup fees, Niyo Card doesn’t hit you with extra fees.
2. Better exchange rates: Forex cards or global cards free you from unpredictable currency rates. When you load money onto your Forex card, you essentially lock in the exchange rate, so you know exactly how much you are getting.
3. Security: Most forex cards or global cards can be instantly blocked if they are lost or stolen. This adds an extra layer of security to your money when you are travelling.
4. Insurance benefits (If applicable): Some of these cards even come with insurance perks. Certain banks offer travel insurance plans covering things like accidental death, baggage delay, and hijacking. If you face any of these situations, the cardholder or nominee may be eligible for compensation.

These were some of the basic benefits offered to a Forex card user. These highlight the importance of travelling abroad with the best international travel card. Now, let us understand how the Niyo card is the best zero forex markup card and an even better option than Forex cards for making payments easy while you study or travel abroad.

You can also read: Best forex card in India 

Benefits of a zero forex markup card while travelling internationally and perks of using it in India

The Niyo Card is one of the easiest ways to carry and spend money while travelling abroad. It’s also the most cost-efficient way to handle payments in foreign currency. It makes transacting on international websites a breeze. 

Niyo’s famous zero forex markup* card ensures you don’t pay extra for the convenience of making payments in a foreign currency. While the Niyo is the best international travel card, it comes in handy while you are back in India too. Also, your account balance continues to earn up to 6.5% interest p.a. Unlike most leading banks, your interest amount is credited to your account on a monthly basis! 

It’s undoubtedly safer than carrying cash and comes with a bunch of perks too. Here are a few ways to understand how to use Niyo Card:

1. Load in INR and spend in 180+ countries

• Say goodbye to worries about loading your international travel card with foreign currency/currencies. With your Niyo card, you can add money to your card in Indian Rupees (INR) and spend in 130+ currencies across 180+ countries. 
• So whether your itinerary includes travelling to one country or hopping multiple countries with different currencies, you’ll have nothing to worry about, Niyo card can take care of your payments everywhere.

2. Load from anywhere 24×7

• Loading money on your international card is easy and can be done from anywhere at any time via IMPS/NEFT/RTGS/UPI without any charges. 
• The integrated Niyo app makes it easy for you to track your card transactions and accounts on the go.

3. Chip & PIN and Tap & Pay

• The Niyo card has a Tap & Pay feature for contactless payments and a Chip & PIN safety feature for secure transactions. 
• The card also comes with custom card controls to lock/unlock the entire card or individual payment channels for domestic and international payments.

4. Pay for online transactions

• The Niyo card can also be used to make payments to merchants on international websites, whether you’re abroad or right here in India. 
• So, if you plan to take online courses with international providers or want to purchase something online from overseas merchants, it’s easier than ever. 
• If you are wondering about the Niyo card charges, do not worry. Making payments in foreign currencies with a Niyo card can help you save up to 3-5% in foreign exchange markup.  

5. Withdraw cash from ATMs worldwide

• While the Niyo international debit card is accepted by all VISA-accepting merchants worldwide, there may be occasions when you need cash. 
• You can use your card for cash withdrawals, and the in-app ATM Locator can help you find one near you. 

6. FREE airport lounge access abroad^#

• Long stopovers are no longer a cause for worry. During times like this, it is always better to choose Forex cards with international lounge access. 
• Your Niyo card gives you complimentary^# access to airport lounges outside India when you make international transactions of INR 50,000 per quarter with a single Niyo card. 
• With your Niyo card, you can now travel in luxury. Check the Niyo app for the list of supported international airport lounges.

You can also read: Which is the better option: a forex card or cash?

Your search for “how to apply for Niyo Card” ends here. Download the Niyo App on Android or iOS and open your account immediately. It’s all you need to take care of spending in foreign currency at the best possible rates* while travelling abroad.

*VISA exchange rates apply | ^#T&C apply