By Rajat Gaur
Updated On November 2, 2021

HDFC Multicurrency Platinum ForexPlus Chip Card is a prepaid forex card by HDFC Bank. As the name suggests, the card can be loaded in multiple international currencies- 22 currencies including USD, Euro, Pound, AUD and Dirham. No annual fee is applicable on the card, however, an initial issuance fee of Rs. 500 (plus taxes) is chargeable at the time of issuance of the card.

Although the Multicurrency Platinum ForexPlus Chip Card does not have a reward structure (like a reward point or cashback program), you do get a few add-on benefits like Amazon vouchers (every time the card is reloaded), cheaper forex rate on loading via online channels, 24×7 concierge service, etc. with the card. Read on to learn more about this prepaid forex card by HDFC Bank.

HDFC Bank Multicurrency Platinum ForexPlus Chip Card

Best Suited For

Travel |

Joining Fee

Rs. 500 (plus applicable taxes)

Reward Type

Product Details

  • Can be loaded in 22 different currencies including USD, Euro, and Dihram.
  • Accepted at all online portals and retail stores that accept Visa credit/debit cards.
  • Can be used for shopping at duty-free stores at international airports across India.
  • Card issuance fee waived off on the first loading of a minimum of USD 1,000 (or its currency equivalent).
  • Amazon voucher worth up to Rs. 1,500 on loading/reloading the card with USD 1,500 (or its currency equivalent) or more.
  • Rs.0.20 cheaper exchange rate on loading/reloading the card via online channels.
  • Emergency cash delivery assistance around the world in case of loss of card/card not working.
  • 24×7 global concierge service for assistance regarding hotel reservations, car rentals, gift/flower delivery, medical services,, etc.
  • Complimentary comprehensive insurance plan including insurance covers against air/rail/road accidents, loss of baggage/documents/cash, and misuse of card.

Rewards and Benefits

Welcome Benefits

Issuance fee waiver on the first loading of a minimum of USD 1,000 (or its currency equivalent)

Movie & Dining

N/A

Rewards Rate

N/A

Reward Redemption

N/A

Travel

Can be loaded in 22 different currencies, comprehensive insurance plan with multiple travel-related insurance benefits, Rs. 0.20 cheaper forex rate on loading via online channels

Golf

N/A

Domestic Lounge Access

N/A

International Lounge Access

N/A

Insurance Benefits

Comprehensive insurance plan including insurance covers against air/rail/road accidents, loss of baggage/documents/cash, and misuse of card.

Zero Liability Protection

Cardholder not liable for any fraudulent transaction on the card post reporting the loss of card to the bank

Fees & Charges

Joining Fee

Rs. 500 (plus applicable taxes)

Renewal Fee

N/A

Spend based Waiver

N/A

Rewards Redemption Fee

N/A

Rewards Redemption Fee

N/A

Foreign Currency Markup

No mark-up fee on transactions made in the currency loaded on the card, a cross-currency mark-up fee of 2% of the transaction amount applicable on transactions made in a currency other than the one loaded on the card

Interest Rates

N/A

Fuel Surcharge

N/A

Cash Advance Charge

USD 2 on ATM withdrawals

Add-on Card Fee

N/A

HDFC Bank Multicurrency Platinum ForexPlus Chip Card Welcome Benefits

The card issuance fee of Rs. 500 is waived off on loading a minimum of USD 1,000 on the card.

HDFC Bank Multicurrency Platinum ForexPlus Chip Card Travel Benefits

  • Rs. 0.20 cheaper forex rate on loading the card via online channels.
  • Emergency cash assistance around the world in case of loss of card/card not working.
  • 24×7 global concierge service for assistance regarding flight bookings, hotel reservations, gift/flower delivery.
  • Medical service provider referral and assistance towards hospital reservation.

Amazon Offer

Amazon voucher worth Rs. 1,500 on loading/reloading the card with a minimum amount of USD 1,500 (or its currency equivalent).

HDFC Bank Multicurrency Platinum ForexPlus Chip Card Insurance Benefits

You get a comprehensive plan with insurance covers against air/rail/road accidents. misuse of card and loss of baggage/documents/cash. The details of the insurance covers is summarised in the table below-

Insurance Type Covered Amount (Single Currency Cards) Covered Amount (Multi-Currency Cards)
Misuse due to counterfeiting/skimming Rs. 5 lakh Rs. 5 lakh
Road/Rail accident (death cover only) Rs. 2 lakh Rs. 5 lakh
Air accident (death cover only) Rs. 5 lakh Rs. 25 lakh
Loss of check-in baggage Rs. 20,000 Rs. 20,000
Loss of personal documents (passport reconstruction only) Rs. 50,000 Rs. 50,000
Loss of cash in transit Rs. 60,000 Rs. 60,000

Loading/Reloading HDFC Bank Multicurrency Platinum ForexPlus Chip Card

You can load/reload your HDFC Multicurrency Platinum ForexPlus Chip Card in the following two ways-

  • Online- The card can be loaded/reloaded via HDFC net-banking/mobile app.
  • Offline- You can also load your HDFC Multicurrency Platinum ForexPlus Chip Card offline at your nearest HDFC branch by submitting the forex reload form along with form A2 and a cheque of the amount to be reloaded.

Supported Currencies

HDFC Bank Multicurrency Platinum ForexPlus Chip Card can be loaded in the following 22 currencies- Australian Dollar, Dirhams, Canadian Dollar, Euro, Hongkong Dollar, Japanese Yen, Singapore Dollar, Sterling Pound, Swiss Franc, Swedish Krona, Thailand Baht, South African Rand, Oman Riyal, New Zealand Dollar, Danish Krone, Norwegian Krone, Saudi Riyal, Korean Won, Bahrain Dinar, Qatari Riyal, Kuwait Dinar and US Dollar.

Fees & Charges

  • An initial card issuance fee of Rs. 500 (plus GST) is applicable at the time of issuance of the card.
  • A reloading fee of Rs. 75 (plus GST) is also payable every time the card is reloaded.
  • No foreign currency mark-up fee is applicable on transactions made in the currency loaded on the card. However, a cross-currency usage fee of 2% of the transaction amount is levied on transactions made in a currency other than the one loaded on the card.
  • A cash advance fee of USD 2 (or equivalent) is applicable on cash withdrawals from ATMs.

Conclusion

HDFC Multicurrency Platinum ForexPlus Chip Card comes with an issuance fee of Rs 500 (plus taxes). Although the card gives you the privilege of loading in any of the 22 supported currencies, apart from the Amazon vouchers (which you get on loading the card with a minimum of USD 1,000), the card does not offer many add-on benefits when compared with the competition. HDFC’s own co-branded offering- MakeMyTrip ForexPlus Card also comes with an issuance fee of Rs. 500 and offers many additional benefits like complimentary airport lounge access and travel offers from MakeMyTrip. What is your opinion on HDFC Multicurrency Platinum ForexPlus Chip Card? Do let us know in the comments.

FAQs:

No annual fee is applicable on the card. You however do have to pay an initial issuance fee of Rs. 500 (plus GST) at the time of card issuance.

HDFC Multicurrency Platinum ForexPlus Chip Card can be loaded in any of the following 22 currencies- Australian Dollar, Dirhams, Canadian Dollar, Euro, Hongkong Dollar, Japanese Yen, Singapore Dollar, Sterling Pound, Swiss Franc, Swedish Krona, Thailand Baht, South African Rand, Oman Riyal, New Zealand Dollar, Danish Krone, Norwegian Krone, Saudi Riyal, Korean Won, Bahrain Dinar, Qatari Riyal, Kuwait Dinar and US Dollar.

No mark-up fee is applicable on transactions made in the currency loaded on the card. However, a cross-currency usage charge of 2% of the transaction amount is levied of the transactions made in a currency other than the one loaded on the card.

No, you do not get any domestic/international airport lounge access with HDFC Multicurrency Platinum ForexPlus Chip Card.

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