BookMyForex vs Niyo Global Card - Which Will Win Your Wallet
BookMyForex vs Niyo Global Card: Which One Will Win Your Wallet?
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[playht_player width=“100%” height=“90px” voice=“Noah”]In today’s world of international travel, having a Forex card is a must-have. With so many options in the market, choosing the right one can be pretty confusing. This blog will compare the two popular travel cards in the market- BookMyForex vs Niyo Global.
While both offer great features, there are some crucial differences between the two. We will make an in-depth comparison of Niyo Global vs BookMyForex, to help you make an informed decision. Let us warn you; the results might surprise you.
We’ll introduce you to both the cards and then move on to the Niyo vs BookMyForex card comparison.
BookMyForex Card
BookMyForex is a well-known forex card provider in India. It is also impossible to reload the card online, and one must visit a BookMyForex branch.
Niyo Global Card
Niyo Global Card, a more recent travel card, has various advantages over BookMyForex Card. The Niyo Global app offers real-time foreign conversion rates, live transaction monitoring, and expenditure reconciliation. It can also help reload Niyo Global Cards online, saving time.
Niyo Global Card vs BookMyForex Card
| Features | Niyo Global Card | BookMyForex Card |
| Forex Markup Fee | ffffff;">Zero | <td style=“background-color:|
| Number of Currencies | <td style=“background-color:||
| Cashback | <td style=“background-color:||
| Issuance Fee | <td style=“background-color:||
| Loading/Re-loading/Unloading Fee | <td style=“background-color:||
| Inactivity | <td style=“background-color:||
| Foreign Transaction Fees | <td style=“background-color:||
| International ATM Withdrawal Fees | <td style=“background-color:||
| Customer Support | <td style=“background-color:||
| Annual Maintenance Fee | <td style=“background-color:||
| Insurance Cover | <td style=“background-color:
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ol>- Ease of getting the card You can get a BookMyForex Card through their website or physical branches. The booking process is fully digital and paperless. Additionally, the card is delivered to your doorstep on the same day.
Niyo Global Card offers a seamless and convenient process which is 100% digital, paperless, and self-guided on the Niyo Global app with minimal documentation. The card is linked to a high-interest earning savings account and is delivered within 3 days to your doorstep. The process is quick and effortless, saving travellers from the hassle of visiting physical branches.- Card usage abroad The second comparison factor in the Niyo Global vs BookMyForex card debate is the ease of using the cards. The BookMyForex card is an excellent option for people who want to carry large amounts of cash. Still, it can be challenging to use it abroad. It can be time-consuming and cause frustration if you are in a hurry. However, as some merchants only accept the card, making purchases can become challenging.
The Niyo Global card is a far more user-friendly option. The card is accepted at ATMs and merchants in 150+ countries, so you can access cash or make necessary purchases in 130+ currencies. It includes a mobile app that makes it easy to manage your account and 24/7 customer support if you need help with anything.
Another critical advantage of the Niyo Global card is the fact that it comes with excellent security features. For example, it has a chip and a pin, which helps prevent fraud. The card is packed to work with the latest technology, so you can ensure your account and card are always safe and secure.- Reloading the card BookMyForex Card offers several reloading options, such as online reload, via phone banking or bank transfer. But, the reload process could take time and effort. The online reload option could be more user-friendly and requires several steps to complete the process. Furthermore, reloading via phone banking requires you to call the customer support number and wait a long time to get through to an agent. The bank transfer option is also not ideal for urgent reloads, as the funds can take up to two business days to reflect on the card.
Niyo Global Card, on the other hand, is linked to a high-interest earning savings account and offers fast and easy reloading options via UPI/IMPS/NEFT/RTGS. The Niyo Global app is user-friendly, and the funds are instantly credited to the card so you can access your money immediately. The reload process is smooth and hassle-free, making it ideal for urgent reloads.- Complimentary Features BookMyForex card is a well-known brand but may vary in several areas compared to the Niyo Global card. BookMyForex charges levied for balance inquiries, cash withdrawals, and card replacements are additional.
Niyo Global card offers several unique features that make it the brighter option. It offers zero markup fees, meaning you only pay the VISA exchange rate for currency conversion. It saves you a lot of money compared to the BookMyForex card, which charges a markup fee on top of the interbank rate.
It allows you to manage your card and make transactions from your mobile phone, making it the perfect travel companion. With the Niyo Global card, you can access real-time exchange rates and view your card balance and transaction history.
One of the most important features is its 24/7 customer support. Whether you have a question about your card or need help with a transaction, the Niyo GlobalForex card offers round-the-clock support. It is a huge advantage for travellers, especially in an emergency.- Fees & Other Charges BookMyForex is a well-known name in the forex industry, but when it comes to fees, it lags behind its competitors. Below are some of the BookMyForex charges:
| ATM Withdrawal | ffffff;">Niyo Global Credit Card by SBM Bank - ₹300+GST Niyo Global Debit Card by Equitas Bank - ₹110+GST Niyo Global Debit Card by DCB bank - ₹300+GST | <td style=“background-color:
| Replacement Fee | <td style=“background-color:
