Niyo Global Card vs IDBI Forex Card: Best Choice for Indians
Niyo Global Card Vs. IDBI Forex Card - Which One Will Win Your Wallet?
Many different forex card options with unique benefits and features are available nowadays. Selecting the best is an important decision, and you must make it along with your other choices. Below, we will learn about the Niyo Global Card and IDBI Forex Card and compare their features, benefits, and fees.
Let’s look at the IDBI Forex card first. It provides benefits, including savings, cashback, and reward points.
The IDBI Forex Card WCC/GCC (World/Gold Currency Card) has various benefits:
- Cardholders can use their IDBI cards in various settings, such as stores, dining establishments, and online retailers.
- Allows you to make purchases and withdraw cash in the local currency worldwide.
- WCC / GCC (World/Gold Currency Card ) can also be used to withdraw cash in the local currency wherever you are at over 1.8 million Visa/PLUS ATMs & MasterCard/ Maestro/ Cirrus ATMs worldwide.
- The replacement card will be sent to you within 48 hours.
Now, let’s look at the Niyo Global Card. The Niyo Global Card is a unique travel card with various features and benefits created primarily to satisfy the needs of international travellers. Significant benefits of the Niyo Global Card include:
- Zero forex markup* on all international transactions
- Free airport lounge access
at select international terminals in India
- Load in INR & spend in 150+ countries for 130+ currencies
- Earn 1% cashback as Global Coins redeemable for cash when you make international spends
- Zero joining fee, no annual maintenance fee, and loading/unloading fee
- Card gets delivered quickly, within 3 days
- Low ATM cash withdrawal charges globally
- In-app ATM Locator for quick cash withdrawals globally
- In-app Currency Converter to find live exchange rates
- 24/7 in-app customer service
The Niyo Global Card is more affordable than the IDBI Card in terms of charges.
The acceptance network is a crucial additional consideration. Due to its extensive acceptance network, the IDBI card is a practical choice for users who frequently use their cards for purchases. While the Niyo Global Card does not incur conversion fees when used for transactions in several currencies, it is more suited for overseas tourists.
The Niyo Global Card can store several currencies. In addition to saving money on buying foreign currency, cardholders can avoid currency conversion fees when visiting various countries. The Niyo Global Card provides alluring savings and reward deals on multiple expenditures.
Also, read more about the Niyo Global Card vs Kotak Forex Card with us.
How to apply for a Niyo Forex Card
| Feature | IDBI Forex Card rates | Niyo Global Card Charges |
| Card issuance fee | fff;">Initial Card fee: ₹140 to 150/- + applicable taxes | <td style=“background-color:|
| Reload fee | <td style=“background-color:||
| Card Replacement fee | <td style=“background-color:||
| Foreign currency markup fee | <td style=“background-color:||
| Additional Perks | <td style=“background-color:
According to the table, the Niyo Global Card is a superior choice because it charges no foreign exchange markup fee, as opposed to the 3.5% set by the IDBI Forex card.
Conclusion
Download the Niyo Global App
Verify your Mobile number & Email ID
Pick a zero forex card of your choice
Verify your Passport & Aadhaar details
Capture a quick selfie
Enter Personal & Nominee details
Complete your 3-minute Video KYC
You will get your physical card within 3 days
3. How many currencies can you load on the Niyo Global Card?
You can load the Niyo Global card with INR and use it to transact in130+ currencies a hassle-free travel experience. Each time you make an international transaction, the transaction amount gets converted from INR to the local currency at no extra forex charge.
4. How Long Does It Take For The Niyo Global Card To Be Delivered?
Once your video KYC is approved, your card is quickly delivered to your Communication Address within 3 days.
