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The IDFC FIRST Multi-Currency Forex Card has zero issuance charges, which makes it attractive at first glance. But that’s not all. This card comes with one replacement card in case there is any loss. There are no charges for loading and reloading foreign currencies with the IDFC First Multi-Currency Forex Card.

The Multi-Currency Forex Card by IDFC Bank offers 14 different currencies. These currencies are United States Dollar (USD), Euro (EUR), Great Britain Pound (GBP), Singapore Dollar (SGD), Australian Dollar (AUD), Canadian Dollar (CAD), Japanese Yen (JPY), Swiss Franc (CHF), Hong Kong Dollar (HKD), New Zealand Dollar (NZD), Dubai Dirhams (AED), Norwegian Kroner (NOK), Chinese Yuan (CNY) & South African Rand (ZAR).

IDFC FIRST Multi-Currency Forex Card
(4.5/5)

Fees

Joining Fee

Nil

Renewal Fee

Nil

Best Suited For

International Spends |

Reward Type

Reward Points

Welcome Benefits

N/A

Movie & Dining

N/A

Rewards Rate

N/A

Reward Redemption

N/A

Travel

Load and Reload Foreign Currencies in 140 Countries

Golf

N/A

Domestic Lounge Access

N/A

International Lounge Access

N/A

Insurance Benefits

N/A

Zero Liability Protection

Travel Insurance Coverage

Spend Based Waiver

N/A

Rewards Redemption Fee

N/A

Rewards Redemption Fee

N/A

Foreign Currency Markup

N/A

Interest Rates

N/A

Fuel Surcharge

N/A

Cash Advance Charges

N/A

Add-on Card Fee

3rd Add on Card will be Chargeable ₹200 + GST

  • There are no joining fees for this Forex card.
  • You can load currencies of 140 different countries with this IDFC Forex card.

Pay in Any Currency Across the Globe

With your Forex Prepaid Card, you can transact in any currency around the world. If there are insufficient funds in your requested currency, the amount will be debited from that currency wallet or any other currency wallet.

  • Accepted at millions of VISA merchant establishments/e-commerce websites around the world (except India, Nepal & Bhutan).
  • You can use a single ATM PIN to access ATMs worldwide for all currencies.
  • Transfer funds between currency wallets with cross-currency charges charges of 3.5% + GST.

Insurance Benefits

Coverages Amount
Skimming/Cloning /Counterfeit/Online Fraud Protection/Lost Card Liability ₹500,000
ATM Assault & Robbery ₹100,000
Purchase Protection ₹150,000
Accidental Death-24 Hrs USD 36,000
Loss of Checked-in Baggage USD 360
Missed Connection USD 500
Delay of Checked-in Baggage- After 12 HRS USD 500
Emergency Medical Expense- Accident Only ₹100,000

The above rates will only apply if an FIR/Police complaint is filed for each claim and the bank conducts an internal investigation.

Eligibility for IDFC Multi-Currency Forex Card

All IDFC FIRST Bank Savings account customers who are planning to travel abroad can apply for a Forex Card.

Bottom Line

A Forex Card, also known as a travel card, is similar to a regular bank Credit or Debit card. These are prepaid and can be used for currency exchange and to withdraw cash from ATMs. It is a safer and more convenient option for individuals to handle their transactions while traveling abroad in different continents and countries. The IDFC First Multi-Currency Forex Card is accepted worldwide and has no issuance charges. This card does not charge any loading or reloading fees for Forex currencies.

FAQs:

No, there are no charges for the issuance of the IDFC Multi-Currency Forex Card. Those who opt for this card will be provided with one replacement card along with the primary card.
No, there is no complimentary domestic or international airport lounge access with the IDFC FIRST Multi-Currency Forex Card.
IDFC FIRST Multi-Currency Forex Card

IDFC FIRST Multi-Currency Forex Card

(4.5/5)

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