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Forex Cards are one of the most essential financial tools in terms of international travel. It is because these cards allow you to spend in foreign currencies with minimum additional charges. Many people consider forex cards similar to credit cards, but it is not so. Forex Cards are prepaid cards that you have to load before you spend using them. In India, most of the major banks and card issuers offer different forex cards with different features. The BookMyForex YES Bank Card, which is issued under a partnership between the YES Bank and BookMyForex, is one of the most popular Forex Cards in India. It offers several essential services with minimal charges.

The card is available at exact interbank rates with zero added margin. There are no issuance charges associated with this Forex card. Moreover, no fees are charged for reloading or unloading the card. Talking about its features, cardholders can manage their card fully via the BookMyForex app, where all the services are available on a 24*7 basis. You can simply book your order online and get same-day doorstep delivery of the card. Other benefits of this card include exciting discounts and deals over several categories, insurance cover against lost/stolen cards, and a few more. For detailed information about the BookMyForex YES Bank Prepaid Card, its features, and fees & charges, keep reading the article:

BookMyForex YES Bank Forex Card
(4.5/5)

Fees

Joining Fee

Nil

Renewal Fee

A reissuance fee of Rs. 250 (if the cardholder is in India) and INR 3000 (if the cardholder is outside the country).

Best Suited For

Travel |

Reward Type

Reward Points

Welcome Benefits

Get Rs. 200 discount on your first transaction with BookMyForex. Use Promo code-NEWTOBMF.

Movie & Dining

Exciting deals and discounts on dining & entertainment categories, Flat Rs. 200 off on dining spends on the EazyDiner app.

Rewards Rate

NA

Reward Redemption

NA

Travel

Load it in 14 major currencies, Zero forex markup rates, Zero rate fluctuations, Get a Free Int’l SIM card, Free & faster reloads on the go, Free insurance cover of 1.5 lacs, Manage spending via BookMyForex app, and so much more.

Golf

NA

Domestic Lounge Access

NA

International Lounge Access

NA

Insurance Benefits

Get complimentary lost card liability cover.

Zero Liability Protection

The cardholders get a zero liability protection cover against fraudulent transactions worth up to Rs. 1.5 lakhs

Spend Based Waiver

NA

Rewards Redemption Fee

Nil

Rewards Redemption Fee

Nil

Foreign Currency Markup

Exact interbank rate with no added margin*

Interest Rates

Nil

Fuel Surcharge

Nil

Cash Advance Charges

2% of the transaction amount

Add-on Card Fee

Rs. 250

  • Lifetime free Forex card.
  • Exciting discounts and deals across different categories, including dining, health, and lifestyle.
  • No loading, reloading and unloading charges.
  • Paperless 24*7 services through the BookMyForex app.
  • Lost card liability cover worth Rs. 1.5 lakhs.
  • Zero forex markup fee.

BookMyForex YES Bank Prepaid Card Features and Benefits

The BMF YES Bank Forex Card is a great option for those who want the best Forex card with minimal charges. The forex card is available at interbank rates with same-day doorstep delivery, and it has several other benefits, which are mentioned further in this article:

Welcome Benefits

  • The cardholders get a discount of Rs. 200 on their first transaction through the BookMyForex website.
  • The offer is valid on a minimum order size of Rs. 50,000.
  • You will have to use the promo code ‘NEWTOBMF’ to avail of this offer.

Supports Multiple Currencies

The BMF Yes Bank Card doesn’t support one or two particular currencies, but a total of 14 major currencies are there. These include USD, GBP, EUR, CAD, SEK, SGD, AUD, JPY, CHF, AED, HKD, SAR, THB, NZD and ZAR. So, no matter which country you are travelling to, this card will always come in handy for you.

Management of Card Through BookMyForex App

BookMyForex app provides cardholders with various services to make their tasks easier. The following are some of the most significant features of the app that will help the cardholders in making most of their tasks done from the comfort of their homes:

  • The cardholders can manage the transactions on their card by enabling or disabling ATM/e-commerce transactions as per their requirements.
  • Instant reloading can be done via UPI or internet banking.
  • Cardholders can create disposable virtual forex cards for online transactions if needed.
  • The cardholders can switch from one currency to another easily with a single tap.
  • Get instant refunds in the form of Indian Rupees.
  • Other services include the card’s PIN generation, balance enquiry, etc.
  • Monitor your spendings and get real-time spend notifications.
  • Filter and search transactions or add notes and attach receipts to the transactions.
  • There is no need to carry your physical cards at all times; manage your online transactions using the in-app virtual card.
  • Never have to ask around to find a nearby ATM; see ATMs close to you in the app itself!

Dining and Lifestyle Benefits

The cardholders can avail of exciting discounts and deals on purchases in the dining and lifestyle categories across several participating restaurants/hotels worldwide. Moreover, the cardholders can avail of a discount of Rs. 200 on making a transaction worth Rs. 1,000 or more on EazyDiner.

Travel Benefits

The BookMyForex Yes Bank Prepaid Card also offers some travel-related benefits, which are as follows:

  • The cardholders can avail of a 10% discount on travel package booking payments through TCI. The offer is applicable only on transactions worth Rs. 30,000 or more for domestic as well as international travel.
  • The cardholders get exclusive discounts on Avis chauffeur drive bookings in India. The offer can be availed by using the coupon code BMFC35.
  • The card offers a 10% discount on renting travel-related products (GoPros, Cameras, and over 250 other travel products) on Bragpacker.com.
  • Cardholders can book their accommodation from AmberStudent and get £20 discount along with 24/7 free assistance.

Insurance Benefits

The BookMyForex YES Bank Prepaid Card provides cardholders with a lost card liability cover worth up to  Rs. 1.5 lakhs, i.e, the cardholders won’t be liable for any fraudulent transactions up to Rs. 1.5 lakhs if the loss is reported to the issuer in a timely manner.

BookMyForex YES Bank Card Fees and Charges

The BMF YES Bank Prepaid Card comes with no additional hidden charges, and there are a few nominal charges associated with it, which are as mentioned below:

  • There is no joining fee associated with this prepaid card, i.e., you get this card without paying any issuance charges.
  • The cash withdrawal fee on the BookMyForex YES Bank Card is 2% of the transaction amount.
  • There is no forex markup fee for this forex card. The only fees you need to pay are the interbank charges with zero margin.
  • The loading/reloading/unloading/inactivity fee for this Forex card is zero.

BookMyForex YES Bank Card Eligibility Criteria

There are no such strict eligibility criteria that need to be fulfilled by the applicants in order to apply for the BMF YES Bank Forex Card. Any Indian citizen travelling abroad can apply for it. The only requirement is that the applicant should comply with the LRS limit of 250,000 USD in a financial year.

Documents Required

The documents required to get the BookMyForex YES Bank Card are listed below:

  • PAN Card details.
  • Passport and Visa.
  • Confirmed air ticket.

How To Apply For The BookMyForex YES Bank Card?

You can apply for the BookMyForex YES Bank Prepaid Card online via the BookMyForex official website as follows:

  • Visit the BMF official website.
  • Enter all the required details, including your city, the currency that you have, and that you want, and everything else.
  • Click on ‘Book This Offer.’
  • Proceed further accordingly.

You can get this card delivered within 5-6 hours if approved. On applying before 1 PM, you get the card on the same day, and if you apply for it after 1 PM, you will get it on the next business day for sure.

Bottom Line

If you are planning an international trip, a Forex Card like this is a must thing to carry along with you. The best thing about the BookMyForex YES Bank Card is that it provides you with all its services with minimum charges. With this card, you can switch currencies anytime at your convenience as it supports 14 major currencies. One of the most important points here is that the card doesn’t charge any forex markup fee, making international transactions hassle-free and convenient for you. Moreover, you might get exciting deals and discounts over selected categories, which would allow you to save even more. So, if you are looking for a basic forex card, this card is definitely going to be a great option for you.

This was the BookMyForex YES Bank Card review from our side. Do let us know your views on this card in the comment section below!

FAQs:

Yes, you can withdraw cash using this forex card. A cash withdrawal fee of 2% of the transaction amount would be applicable.
The issuance fee of the BookMyForex YES Bank Card is zero.
BookMyForex Card supports 14 currencies, including USD, GBP, EUR, CAD, SEK, SGD, AUD, JPY, CHF, AED, HKD, SAR, THB, NZD and ZAR

1 Comment

  1. Rajat Reply

    Checked with bookmyforex customer care and they said they levy 3.5% cross currency markup. Meaning, if you load Euros but for some reason you are transacting in Francs or Pound or Dollar or any other currency other than Euro then you will be charge 3.5% conversion charges.

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