Kotak Forex Card vs Niyo Global Card: Which one will win your wallet?

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[playht_player width=“100%” height=“90px” voice=“Noah”]Choosing the right university in the USA is like chasing a dream in the world of education. As the famous line from the Bollywood movie “Dil Chahta Hai” goes,= “Yeh dil hai yaar, yeh maange more!”- it’s like saying, “This heart wants more!” This feeling captures the excitement of exploring the idea of finding the best university in the USA for Indian students. It’s not just about good grades; it’s about finding a place that fits your dreams.

 

Kotak Forex Card

Let’s first explore the Kotak Multi Currency World Travel Card. The Kotak Forex card provides several advantages, such as:

• Cashback on online and offline transactions
• Waiver of fuel surcharges and specials on dining and travel
• Kotak Mahindra’s Multi Currency World Travel Card supports up to 13 currencies, enabling effortless transitions between currency wallets. 
• Enabling enhanced security through the Verified by VISA facility, ensuring worry-free usage worldwide without foreign exchange charges.

Niyo Global Zero Forex Card

For Indian students studying abroad for higher education, Niyo Global Card’s unique advantage of zero markup on foreign exchange is helpful in saving a lot. You can load a Niyo Global card with INR and make transactions in 130+ currencies across 150+ countries, including India, without paying extra for currency conversions. 

Another advantage of Niyo Global Card is its user-friendly mobile app, which allows cardholders to easily manage their account, view transactions, and track their rewards points. The Niyo Global app also offers real-time notifications and alerts, making it easy to keep track of account activity.

Kotak Forex Card vs Niyo Global Card

<td style=“background-color:

ffffff;">Zero forex charges on international transactions

<td style=“background-color:

ffffff;">Can load a max 13 currencies<td style=“background-color:

ffffff;">Load in INR and spend in 130+ currencies. Use in 150+ countries, India too

<td style=“background-color:

ffffff;">Typically higher (2-3% of the withdrawal amount) and depends on the currency<td style=“background-color:

ffffff;">Typically lower (1-2% of the withdrawal amount)

<td style=“background-color:

ffffff;">250 + GST<td style=“background-color:

ffffff;">None

<td style=“background-color:

ffffff;">75 +GST<td style=“background-color:

ffffff;">None - Use UPI/IMPS/NEFT

<td style=“background-color:

ffffff;">Kotak Multi Currency World Travel Card<td style=“background-color:

ffffff;">-Niyo DCB Global Debit Card - Niyo Global Equitas Debit Card - Niyo Global SBM Credit Card

<td style=“background-color:

ffffff;">-Cashback on online and offline purchases. -Reward points on purchases -Fuel surcharge waiver -Discounts on dining and travel.<td style=“background-color:

ffffff;">- Free lounge access - Swift card delivery in 2-3 days - TCS-free spends up to ₹7 lakh - Upto 1% cashback* on domestic spend - Earn Global Coins

Feature	Kotak Forex Card	Niyo Global Card
Foreign Exchange Conversion Charges	ffffff;">Incurred when used for transactions in foreign currencies (3.5% of the transaction amount)
Currencies supported
Cash Withdrawal Charges
Account opening/card issuance charges
Loading/reloading charges
Card variants
Additional perks

Also, compare the Niyo Global Card vs ICICI Forex Card with us.

How to apply for Kotak Forex Card

One of the main advantages of the Niyo Global Card is that, in contrast to the Kotak Mahindra Forex Card benefits, students using the card for any foreign transactions like University application fees, GRE/GMAT fees, Visa payments, service fees, course fees, or any other payment, need not pay any currency exchange premium or international transaction fees.

Frequently Asked Questions

1. What are the Kotak exchange rates?

The Kotak exchange rates will apply depending on the currency used or converted. You may have to visit the Kotak Bank website, where all the currencies are listed.

2. Is the Niyo Global Card a good choice for students and travellers abroad?

Yes! The Niyo Global Card is an excellent choice for individuals as there are no foreign transaction fees and annual maintenance charges. You can also load money in INR and transact in 130+ currencies.

3. Is the Niyo Global app easy to use?

The Niyo Global app will allow you to have everything you need at your fingertips. From loading funds to accessing your card virtually anywhere, there are benefits to using the Niyo Global App.

4. What happens if my Niyo Global Card is lost or stolen?

If your Niyo Global Card is lost or stolen, you can immediately report it to Niyo Global App and block the card.

5. Can I use the Niyo Global Card for online transactions?

Yes, you can use the Niyo Global Card for online transactions, including booking flights and hotels and purchasing from international websites that accept prepaid cards.