Niyo Global Card Vs Axis Bank Forex Card Charges and more!
Niyo Global Card V/s Axis Bank Forex Card Charges: Which Will Win Your Wallet?
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[playht_player width=“100%” height=“90px” voice=“Noah”]A significant challenge for every global traveller is figuring out how to make purchases in a foreign currency in the most convenient, stress-free, and economical manner possible. You may choose from various payment methods, such as cash, an international debit or credit card, a Forex card, a traveller’s check, etc.
Niyo Global Card vs Axis Bank Forex Card is the driving topic in this blog, and you will get all the possible details about them here.
Both the cards offer a convenient and secure way to make international transactions.
The Axis Bank Forex Card is a prepaid card from Axis Bank that allows you to carry up to 16 currencies on one card. Niyo Global Card is a multi-currency prepaid travel card enabling you to carry 130+ currencies in one card. Both cards provide a safe and secure way to transact in foreign currencies while travelling abroad.
All about Niyo Global Card
The Niyo Global Card is a forex card designed for international travelers offered by Niyo Solutions. It supports multiple currencies, allows online management, and offers features like enhanced security and global acceptance. Users can check the official website or contact customer support for the latest information.
Niyo Global Card has a 4-digit PIN for your security and advanced encryption technology to secure your payments.
Here’s how the Niyo Global Cards make international payments simple and economical for you worldwide.
- Zero forex markup* on international transactions: Niyo Global card does not charge for the convenience of making forex transactions. You can save up to 5% on all spending abroad (card swipes, online payments, and ATM cash withdrawals). Shop, dine, travel, pay tuition fees, and more.
- Complimentary airport lounge access: You deserve the comforts and luxuries of lounges. Use your Niyo Global card at selected international terminals in India for one free access each quarter.
- Load in INR & use in 150+ countries: One of the best conveniences of the Niyo Global card is that you just have to add money to your account in INR via UPI/IMPS/NEFT/RTGS and use your card to spend seamlessly in 150+ countries and 130+ currencies globally.
- Easy ATM withdrawals globally: The Niyo Global card can be used to withdraw local currency from ATMs in 150+ countries at zero forex markup and a low fee. The nifty ATM Locator tool within the Niyo Global app lets you find one nearby for quick access.
- Global Coins: Earn rewards in the form of Global Coins on all domestic spends. Unlock them with international transactions and redeem them for attractive cashback.
- Swift card delivery: The Niyo Global card gets delivered quickly in 2-3 days. In the meantime, you can use the instant virtual card to make online transactions.
- 24/7 Customer Support: No matter where you are in the world, we’ll be here to help you with any concerns with your Niyo Global card.
When it comes to security, it offers secure and encrypted transactions. The Axis Forex Card has a 4-digit PIN and a chip that ensures secure transactions. Axis Bank Forex Cards charges vary based on the type of forex card. The following are the applicable charges for different Forex Cards Axis Bank offers: Forex cards such as the Multi-Currency Forex card may charge an initial sale fee of ₹300 and a reload fee of ₹100. Additionally, there is a cross-currency charge of 3.5% on foreign currency transactions. Axis Bank currency conversion charges a fee of 2.5% of the transaction amount. This fee can be charged in two ways: a flat fee of ₹30 or a percentage of the transaction amount. Depending on the converted currency, the bank also charges a foreign exchange markup fee of up to 2.5%. It also charges a fee for outward remittance of up to ₹2500.
Some Axis Forex Card Benefits are:
- Emergency Cash Assistance: Axis Bank Forex Cards have access to 24×7 emergency cash assistance globally.
- Easy Reload: You can easily reload your Axis Bank Forex Card with foreign currency from anywhere.
- Cash Withdrawal: You can withdraw cash from any Visa/Mastercard ATM globally.
- Cashback: You can get up to 10% on your Axis Bank Forex Card.
- No Hidden Charges: There are currency conversion charges and no hidden charges.
- Security: Axis Bank Forex Card is protected with chip and PIN technology to ensure the highest levels of security.
These charges are subject to change from time to time. Please check the Axis Bank website for the latest charges.
| Feature/ Benefit | Niyo Global Cards | Axis Bank Forex Card |
| Conversion Fee | ffffff;">Nil | <td style=“background-color:|
| Currencies Supported | <td style=“background-color:||
| Cashback | <td style=“background-color:||
| ATM Withdrawal Charges | <td style=“background-color:||
| Extra Perks | <td style=“background-color:||
| Joining fee | <td style=“background-color:||
| Reloading fee | <td style=“background-color:||
| ATM Fee | <td style=“background-color:||
| Replacement Card | <td style=“background-color:||
| Insurance | <td style=“background-color:||
| Travel Assistance | <td style=“background-color:||
| Card Variants | <td style=“background-color:
Axis Bank Forex cards allow you to store 16 currencies and use them to make payments abroad. They charge about 3.5% in forex markup fees. It is useful for frequent travellers seeking a convenient and secure way to carry money abroad.
In short, Niyo Global card offers more perks than Axis Bank Forex Card, including complimentary airport lounge access at international terminals in India, quick card delivery in 2-3 days (it’s especially helpful when you are on a time crunch), in-app ATM Locator, and Currency Converter for live exchange rates, so indeed, it is a better option.
2. Which bank provides forex cards best?
Choosing the best Forex cards depends upon your need. Generally, comparing fees, exchange rates, and other features can help you decide. Popular options include Niyo Global Card, Axis Bank Multi-Currency Forex Card, HDFC Bank ForexPlus Card, IndusInd Bank Forex Card, ICICI Bank Travel Card, and SBI Foreign Travel Card.
3. Does Niyo Global have charges for their travel card?
The Niyo Global Card has zero forex markup*, meaning no cross-currency charges on all international transactions. It also does not have any annual charges that need to be paid. Another benefit of this card is that it has no hidden charges. For more details check Schedule of Charges.
4. How much does Axis Bank charge for cash withdrawals?
Axis Bank Forex card charges fees that may be higher than other banks. For international withdrawals, the Axis Forex card charges 3.5% markup and the ATM withdrawal fee varies with the currency you withdraw.
