By Kartik Kanwar
Updated On February 29, 2024

In terms of market capitalization and assets, HDFC Bank is the biggest private bank in India, with over 1.95 crore credit card users across the country. The bank has various types of cards ranging from super-premium, travel, lifestyle, shopping, fuel, etc., and people can opt for the card that suits them the most. Many premium and mid-range offerings by HDFC Bank have a lower forex markup fee and are ideal for people who make foreign transactions regularly.

People who frequently travel to foreign countries for business or vacation have to pay extra charges whenever they swipe their card for a foreign currency transaction. Most of the credit cards by top issuers in our country charge a forex markup fee of around 3-3.5% of the transaction amount.

HDFC Bank Forex Credit Cards

HDFC Bank has multiple cards that have a lower forex markup fee of 2 to 3%, which is lower than the standard 3.5% fee charged by most cards. With some super-premium cards, you even get bonus reward points on international spending and exclusive travel privileges that will make your foreign travels more comfortable and exciting than ever.

Read further to check out the forex markup charges of top HDFC Bank credit cards and related information.

Table of Contents

Forex Markup Charges of HDFC Bank Credit Cards

The following are the forex markup fees of some of the top credit cards offered by HDFC Bank –

Diners-Club-Black-Metal-Edition-Credit-Card

(4.7/5)

Fees

Joining Fee

Rs. 10,000 + GST

Renewal Fee

Rs. 10,000 + GST

Best Suited For

Travel

Reward Type

Reward Points

Foreign Currency Markup

 2% of Transaction Amount

HDFC Infinia Credit Card Metal Edition

(5/5)

Fees

Joining Fee

Rs. 12,500 + GST

Renewal Fee

Rs. 12,500 + GST

Best Suited For

Travel

Reward Type

Reward Points

Foreign Currency Markup

2% of the total transaction amount + taxes

Tata Neu Plus HDFC Bank Credit Card

(4.5/5)

Fees

Joining Fee

Rs. 1,499 + GST

Renewal Fee

Rs. 1,499 + GST

Best Suited For

Shopping

Reward Type

Reward Points

Foreign Currency Markup

2% of the total transaction amount.

HDFC Bank Regalia Gold Credit Card

(4.5/5)

Fees

Joining Fee

Rs. 2,500 + GST

Renewal Fee

Rs. 2,500 + GST

Best Suited For

Shopping

Reward Type

Reward Points

Foreign Currency Markup

2% on all forex transactions

HDFC-Diners-Club-Privilege

(4.5/5)

Fees

Joining Fee

Rs. 2,500 + GST

Renewal Fee

Rs. 2,500 + GST

Best Suited For

Movies

Reward Type

Reward Points

Foreign Currency Markup

1.99% of the conversion amount (plus applicable taxes)

6E Rewards XL Indigo HDFC Bank Credit Card

(4.6/5)

Fees

Joining Fee

Rs. 1,500 + GST

Renewal Fee

Rs. 1,500 + GST

Best Suited For

Travel

Reward Type

Reward Points

Foreign Currency Markup

2.5% (plus applicable taxes)

When is the Forex Markup Fee Charged?

When you swipe your credit card for international spends, MasterCard, Visa, or other card networks charge extra for foreign currency markup, and your credit card issuer adds extra to the total charges, which amounts to around 3-3.5% in forex markup charges. If the fee is 3% and you spend Rs. 1 Lakh on a transaction, you will need to pay Rs. 3000 extra.

Moreover, the forex markup fee is charged every time you make a foreign transaction and can add up to a lot over time. Other than this, a currency conversion fee is also charged by the payment processor, where you swipe your credit card. Thus, foreign spends can get quite expensive for you if you do not own a credit card with low forex markup fees.

Eligibility for HDFC Bank Credit Cards

You must meet certain eligibility requirements to apply for the HDFC Bank credit cards –

  • Applicant must be 21 to 60 years of age in case of salaried, and 21 to 65 years of age in case of self-employed people.
  • Applicant must be an Indian citizen.
  • Applicant must have a decent credit score
  • Applicant must have a stable source of income.

Credit Cards Comparison

In the following table, we will compare the top HDFC Bank credit cards that have a low forex markup fee than other cards –

Category HDFC Bank Infinia Credit Card HDFC Bank Diners Club Black Credit Card 6E Rewards XL – Indigo HDFC Bank Credit Card
Joining/Annual Fee Rs. 12,500 Rs. 10,000 Rs. 1500
Welcome Benefit 12500 bonus reward points and a complimentary Club Marriott membership as a welcome benefit   Complimentary subscription to Amazon Prime, Times Prime, Zomato Gold, etc., as welcome benefit   Complimentary 6E Prime Add-On Accor Hotels stay and dining vouchers   
Reward Earning 5 RPs per Rs. 150 spent on the card 5 RPs per Rs. 150 spent, 10x RPs on partner brands, and 2x RPs on weekend dining spends   Get 6E Reward Points up to 20% on Indigo partners, 5% on Indigo, 3% on dining and grocery, and 2% on other spends  
Reward Redemption RPs can be redeemed for flight and hotel bookings via SmartBuy (1 RP = Re. 1), Airmiles through net banking (1 RP = 1 Airmile), products and vouchers via net banking or SmartBuy (1 RP = Rs. 0.50), Apple and Tanishq vouchers (1 RP = Re. 1) cashback (1 RP = Rs. 0.30) HDFC Bank Diners Club Black Reward Points are redeemable for flight/hotel bookings (1 RP = Re. 1) on SmartBuy, for AirMiles (1 RP = 1 AirMile), on Diners Club exclusive rewards redemption catalog (1 RP = Re. 0.5) and for cashback (1RP = Rs. 0.30). The IndiGo 6E rewards are redeemable for 6E Rewards’ Benefits including IndiGo flight tickets (1 6E Reward Point = Re. 1)
Dining/Movie Benefits Exclusive dining benefits with the Good Food Trail program 1+1 complimentary buffet at ITC hotels 2x reward points on your weekend dining spends 3% 6E reward points on dining spends Exclusive dining benefits with the Good Food Trail Dining program
Travel Benefits Complimentary Priority Pass membership Unlimited airport lounge access for both primary and add-on cardholders   Complimentary domestic and international lounge access   8 complimentary domestic lounge access, max 2 per quarter  
Forex Markup Fee 2% 2% 2.5%

Bottom Line

Card issuers charge a forex markup fee whenever you swipe your credit card for international transactions in foreign currency. People who regularly visit abroad or make online international spends, can end up paying a lot of money in forex markup charges over a period of time. HDFC Bank is one of the top card issuers in India, and you should opt for a card that offers a low forex markup fee if you make international transactions frequently.

As discussed above, there are super-premium cards like HDFC Bank Infinia and HDFC Bank Diners Club Black that charge a low 2% forex markup fee. There are other premium cards like Diners Club Privilege, Regalia, Regalia First, and Tata Neu Infinity HDFC Bank with a 2% fee, while the 6E Rewards XL Indigo HDFC credit card has a 2.5% fee. Most other HDFC Bank credit cards have the standard 3.5% forex markup charge.

We recommend everyone who makes frequent foreign currency spends to get one of the cards with a low forex markup fee so that they can save money in the long run.

FAQs:

When you swipe your credit card for international spends, MasterCard, Visa, or other card networks charge extra for foreign currency markup, and your credit card issuer adds extra to the total charges, which amounts to around 3-3.5% in forex markup charges.
Yes, you have to pay the extra forex markup charges every time you make an international spend with your credit card. If you are someone who regularly makes foreign currency spends, you should get a credit card with a low forex markup fee in order to save money.
Several HDFC Bank credit cards charge a 2% forex markup fee, which is lower than the standard 3.5% fee charged by most other credit cards. The HDFC Bank Infinia Metal, HDFC Bank Diners Club Black, HDFC Bank Regalia, HDFC Bank Regalia First, HDFC Bank Diners Club Privilege, etc., charge a 2% forex markup fee on international spends.
The 6E Rewards XL Indigo HDFC Bank credit card has a forex markup fee of 2.5%. It is not the lowest fee, but it is still better than the 3.5% fee charged by most credit cards. Moreover, you get many more travel benefits and rewards with this co-branded travel credit card, which charges a joining fee of Rs. 1500