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IndusInd Bank 
IndusInd Bank Multi-Currency Travel Card is a prepaid forex card that can be used by international travelers on foreign trips. Since it is a prepaid card, it must be loaded (i.e., the amount must be added to the card account) in any one of the supported currencies (it supports 14 currencies as it is a multi-currency card) before it can be used for transactions. The advantage of using this card over a credit card on foreign trips is that, unlike credit cards, you do not pay any mark-up fee on foreign currency transactions made with the card (no mark-up fee on transactions made in the currency loaded on the card).
IndusInd Bank Multi-Currency Travel Card, although has no reward structure, you do get ample travel benefits like travel insurance covers, free airport rides, etc., with the card. No annual fee is applicable on the card, however, you do have to pay an initial issuance fee of Rs. 300 at the time of card issuance. Read on to learn more about this offering by IndusInd Bank.
IndusInd Bank Multi-Currency Travel Card
Joining Fee
Renewal Fee
Best Suited For
Reward Type
Welcome Benefits
Movie & Dining
N/A
Rewards Rate
N/A
Reward Redemption
N/A
Travel
Comprehensive insurance cover with multiple travel benefits, free airport rides (up to Rs. 1,000), discount of up to Rs. 3,000 on experiences, sightseeing and activities
Domestic Lounge Access
N/A
International Lounge Access
N/A
Golf
N/A
Insurance Benefits
Air accident cover (Rs. 10 lakh), purchase protection cover (Rs. 1 lakh), fraudulent usage cover (Rs. 2 lakh), covers against loss of passport (Rs. 20,000), loss of checked baggage (Rs. 50,000) and ATM assault (Rs. 50,000)
Spend-Based Waiver
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 of 3.5% of the transaction amount is 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 Charges
1% of the transaction amount and ATM withdrawal fee of USD 2
- Can be loaded in 14 different currencies including USD, Euro, Dirham, and many others.
- Accepted worldwide at all international merchants accepting Visa credit/debit cards.
- Air accident cover worth Rs. 10 lakh, fraudulent usage cover worth Rs. 2 lakhs, and many other travel-related insurance covers.
- Discount of up to Rs. 3,000 on experiences, sightseeing and activities on reloading the card.
- Free airport transfer worth up to Rs. 1,000 and a discount of Rs. 150 on card issuance charge on a minimum currency load equivalent to Rs. 50,000.
- Can be used for shopping at duty-free stores at international airports across Inida.
IndusInd Bank Multi-Currency Travel Card Welcome Benefit
You get a discount of Rs. 150 on the card issuance fee on loading the card with a minimum amount equivalent to Rs. 50,000.
IndusInd Bank Multi-Currency Travel Card Travel Benefits
- The card can be loaded in 14 different widely used international currencies including US Dollar, Pound, Euro and UAE Dirham.
- Discount of up to Rs. 1,000 on airport rides.
- Discount of up to Rs. 3,000 on experiences, sightseeing, and activities on reloading the card.
IndusInd Bank Multi-Currency Travel Card Insurance Benefits
You get a comprehensive insurance cover with your IndusInd Multi-Currency Travel Card as per the table below-
| Insurance Type | Covered Amount (in INR) |
| Air accident | 10 lakh |
| Loss of checked baggage | 50,000 |
| Loss of passport | 20,000 |
| Purchase protection | 1 lakh |
| ATM assault | 50,000 |
| Fraudulent chargers cover | 2 lakh |
Accepted Currencies
IndusInd Bank Multi-Currency Travel Card can be loaded in 14 different international currencies- US Dollar, Australian Dollar, Canadian Dollar, Euro, Great Britain Pound, Hong Kong Dollar, Japanese Yen, New Zealand Dollar, Singapore Dollar, South African Rand, Swiss Franc, Thailand Baht, Saudi Riyal and UAE Dirham.
Fees and Charges
- An initial fee of Rs. 300 (plus GST) is charged at the time of card issuance. Once the card is issued, no annual fee is payable.
- A reloading fee of Rs. 100 is chargeable 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 mark-up fee of 3.5% of the transaction amount is levied on transactions made in a currency other than the one loaded on the card.
- A cash advance charge of 1% of the transaction amount is applicable on cash withdrawals. An ATM withdrawal fee of USD 2 is chargeable on cash advance from ATMs.
How to apply for IndusInd Bank Multi-Currency Travel Card
You can apply for the IndusInd Bank Multi-Currency Travel Card online via the official card application page by submitting an application form, copies of your passport (with visa), and air tickets. The card is activated once you load it the first time.
Conclusion
If you are planning an international trip to one of the countries whose home currency is supported by the card, IndusInd Bank Multi-Currency Travel Card can be a great choice. Not only that you are not charged any foreign currency markup fee on the transactions made with the card, you also get other travel benefits like free airport rides, discounted sightseeing, and a comprehensive insurance cover complimentary with the card. Apart from all these benefits, the multi-currency feature is extremely useful if you are traveling to more than one country, as you can load the currency of any of the countries as and when required. What’s your opinion of the card? Do let us know in the comments.