Updated On

The Yes Bank Multicurrency Travel Card is the ideal travel partner for those who frequently travel abroad and it offers genuine payment solutions at multiple places across the world. This card offers a smart, convenient, and secure payment option as compared to foreign currency and credit/debit cards. Based on the local currency of transaction you are making, the card automatically selects the currency out of the multiple wallets present on the card.

The card comes in the Mastercard and the Visa Corporate variants and offers you protection from foreign exchange rates as the exchange rate on the card is locked when you load it with money. Apart from this, the card even offers great discounts and offers at various outlets across the world for shopping, dining, stays, and other spends.

Yes-Bank-Multicurrency-Travel-Card-Feature
(4.5/5)

Joining Fee

Rs. 125 plus taxes

Renewal Fee

Rs. 125 plus taxes

Best Suited For

Travel |

Reward Type

Reward Points

Welcome Benefits

NA

Movie & Dining

NA

Rewards Rate

NA

Reward Redemption

NA

Travel

Carry up to 15 currencies in the card and use it for payment at more than 36 million merchants across the globe

Domestic Lounge Access

NA

International Lounge Access

NA

Golf

NA

Insurance Benefits

Lost/stolen card liability worth Rs. 3 Lakhs

Spend-Based Waiver

NA

Rewards Redemption Fee

Nil

Rewards Redemption Fee

Nil

Foreign Currency Markup

2.75% of the transaction value

Interest Rates

NA

Fuel Surcharge

NA

Cash Advance Charges

2% of the transaction value

  • Contactless-enabled forex card with PIN and CHIP protection to save from unauthorized transactions
  • Carry up to 15 currencies in the card and use for payment at more than 36 million merchants globally
  • Reload the card remotely through Yes Bank branches
  • Manage the card easily through Yes Pay mobile app and Self Care web portal
  • Disable/enable and set or modify transaction limits on different modes
  • Refund unused foreign currency balance to your account easily
  • Email and SMS alerts for both financial as well as non-financial transactions

Features and Benefits

The Yes Bank Multicurrency travel card is one of the most cost-effective and reliable forex cards available in the country. The following are the features and benefits associated with the card –

Easy to Use and Fully Secure Card

The card comes with contactless-enabled technology. It features PIN and Chip protection that protects you from unauthorized transactions, misuse, and fraud.

Multiple Currencies and Global Acceptance

You can load up to 15 currencies in the card including USD, GBP, EUR, CAD, AED, AUD, THB, SGD, JPY, NZD, CHF, ZAR, HKD, and INR. You cannot use the card in India, Bhutan, and Nepal to make foreign currency payments. Moreover, the card is accepted at more than 36 million merchant establishments and over 2.4 million ATMs around the globe.

Remote Reload the Card

You can easily remote reload the card by visiting a Yes Bank branch. Follow these steps to reload the card –

  • Visit the nearest Yes Bank branch
  • Fill in the MCTC reload form and provide the necessary travel documents along with it
  • Provide payment instructions using cheque, demand draft, or debit to Yes Bank account
  • After the documents are submitted and verified, your MCTC will be reloaded

Easy Card Management

You can easily manage the Multicurrency travel card using Yes Pay mobile app or the Self Care Web Portal. Stay updated regarding transactions, reloads, and other information about your card. You can easily enable/disable and modify/set daily limits on different transaction modes on the card. Also, you can turn on Email and SMS alerts for financial as well as non-financial transactions.

Refund Unused Balance to Account

You can easily get the unused foreign currency balance on your card refunded to your account. Also, once you completely utilize the local currency of a particular country while travelling, the card automatically makes the next default currency of the country available. The card is valid for a 3-5 year period and you should be updated regarding the expire date of the card.

Transaction Limits

There is a limit of $250,000 or its equivalent in other currencies per financial year on the card. The limit is applicable to the following travel purposes –

  • Personal or leisure trips
  • Business travel from Proprietorship, individual, or corporate account
  • Overseas education
  • Emigration
  • Medical treatment
  • Employment
  • Accompanying a patient abroad

Fees and Charges

The following are the fees and charges associated with the Yes Bank Multicurrency Travel card –

  • The issuance fee of the card is Rs. 125 plus taxes and the replacement fee if you are outside India is Rs. 2500 plus taxes
  • The reload fee on the card is Rs. 100 and the refund fee is Rs. 75
  • The cross-currency or markup fee on the card is 2.75% of the transaction value
  • The cash advance fee on the card is 2% of the transaction value

Advantages of the Yes Bank Multicurrency Travel Card

The following are the advantages of the Yes Bank Multicurrency travel card –

  • The first currency choice for transaction processing is always the local currency of the transaction
  • The card features multi-currency functionality and allows you to load up to 15 currencies based on your travel
  • The card locks in the foreign currency exchange rates once you load it and it is not affected by fluctuations in the rate
  • No extra charges are levied on E-Commerce or POS transactions when the card has local currency of the country in which you are making spends
  • Once the card is activated, you are enrolled automatically for free insurance coverage that protects your money from unauthorized and fraudulent transactions
  • The card features enhanced security and you can choose your preferred transactions and set or modify limits for daily usage with the card
  • 24×7 customer assistance through the Yes Touch Contact Centre in India along with international toll-free service in major countries
  • You can convert your unused foreign currency balance to Indian currency and encash it to your bank account
  • Get real-time SMS and email alerts regarding transactions on your registered contact details
  • When you are returning from international trips, you can use the balance on your card at Duty Free stores to get souvenirs and other items.

How to Apply for the Yes Bank Multicurrency Travel Card

Follow these steps to apply for the Yes Bank Multicurrency travel card –

  • Visit your nearest Yes Bank branch
  • Fill in the application form for the Multicurrency Travel card
  • Submit the necessary travel documents and show the original documents for verification
  • Provide payment instructions using Cheque, demand draft, or Debit to Yes Bank account
  • You will be instantly provided with the Yes Bank Multi Currency Travel card kit and your card will be loaded with currency within one working day

Documents Required

You must carry the following documents in original and with self-attested copies for verification –

  • Passport
  • Confirmed air ticket or Visa
  • PAN card
  • Other supporting documents as per the RBI guidelines
  • Passport size photograph

Bottom Line

The Yes Bank Multicurrency Travel card is among the most beneficial, secure, and cost-effective forex cards available in India. The card comes at an issuance fee of Rs. 125 plus taxes and it supports up to 15 currencies that can be used at more than 36 million merchants across the globe. You can easily reload the card by visiting your nearest Yes Bank branch.

The card locks in the forex rate once you load money into it and is not affected by fluctuations in the foreign currency exchange rate. You can even get great discounts and offers at various outlets across the world for shopping, dining, stays, and other spends. It is also very easy to manage the card online via the Yes Pay mobile app or the Self Care Web Portal and the Yes Touch Contact Centre is open 24×7 for customer assistance.

Head over to the comments section and let us know your thoughts regarding the Yes Bank Multicurrency Travel card.

FAQs:

The joining fee for the Yes Bank Multicurrency Travel card is Rs. 125 plus taxes and the replacement fee if you are outside India is Rs. 2500 plus taxes.
Follow these steps to apply for the Yes Bank Multicurrency travel card –
  • Visit your nearest Yes Bank branch
  • Fill in the application form for the Multicurrency Travel card
  • Submit the necessary travel documents and show the original documents for verification
  • Provide payment instructions using Cheque, demand draft, or Debit to Yes Bank account
There is a limit of $250,000 or its equivalent in other currencies per financial year on the card. The limit is applicable to the following travel purposes –
  • Personal or leisure trips
  • Business travel from Proprietorship, individual, or corporate account
  • Overseas education
  • Emigration
  • Medical treatment
  • Employment
  • Accompanying a patient abroad
You can load up to 15 currencies in the card including USD, GBP, EUR, CAD, AED, AUD, THB, SGD, JPY, NZD, CHF, ZAR, HKD, and INR. You cannot use the card in India, Bhutan, and Nepal to make foreign currency payments. Moreover, the card is accepted at more than 36 million merchant establishments and over 2.4 million ATMs around the globe.
You can easily remote reload the card by visiting a Yes Bank branch. Follow these steps to reload the card –
  • Visit the nearest Yes Bank branch
  • Fill in the MCTC reload form and provide the necessary travel documents along with it
  • Provide payment instructions using cheque, demand draft, or debit to Yes Bank account
  • After the documents are submitted and verified, your MCTC will be reloaded
Yes-Bank-Multicurrency-Travel-Card-Feature

Yes Bank Multicurrency Travel Card

(4.5/5)

Write A Comment

Add cards to start comparing

Compare Cards