Say goodbye to forex headaches: This new card offers fee-free spending abroad; check details here

As international travel picks up for the summer season, BookMyForex (a MakeMyTrip Group Entity), an online retail foreign exchange marketplace, has unveiled its all-new Global Forex Card, built to eliminate the hidden costs of spending abroad. Loaded in USD, the US Dollar denominated Single Currency Forex Card is accepted in over 200 countries. It offers unmatched savings with zero cross-currency fees, no ATM withdrawal or cash disbursement charges, and up to 2% cashback on zero markup forex rates.

Sudarshan Motwani, Founder and CEO of BookMyForex.com said, “While the appetite for international travel among Indians continues to grow, especially to emerging destinations like Vietnam, Uzbekistan, Kazakhstan, Indonesia, the Philippines, Cambodia, and Azerbaijan, most existing forex products still fail to solve one of the biggest challenges — cross-currency fees and hidden conversion charges. Whether it’s credit cards, multi-currency cards, or even so-called zero-markup cards, travellers often end up paying 3% to 5% extra on every transaction when spending in unsupported local currencies. Add to that the burden of ₹300 to ₹800 ATM withdrawal fees, and managing money abroad becomes unpredictable and expensive. The Global Forex Card has been designed precisely to address these pain points and offer a smarter, more transparent solution for today’s global traveller."

This card is especially suited for students and travellers going overseas for employment, immigration, and to exotic locations such as Vietnam, Indonesia, Central Asia, South America, and other lesser-known destinations, as it does not entail any cross-currency charges.

Key benefits of the Global Forex Card

• Spend globally, freely – Enables users to shop, dine, and make payments in any currency across 200+ countries without incurring cross-currency charges.

• True zero markup – Offers complete transparency with forex rates and comes with no hidden markups or extra conversion costs.

• Hassle-free cash access – Users can enjoy free international ATM withdrawals for convenient access to cash while abroad.

• No-fee university payments – Ideal for students, the card allows foreign university tuition payments without any cash disbursal fees.

• Lifetime free card – There are no issuance, reload, unload, or annual charges, ensuring full cost transparency and zero surprises.

Nitin Motwani, Founder & CTO, BookMyForex said that today’s global traveller is more informed and value-conscious. They don’t just compare airfares or hotel rates before planning their travel—they also compare forex rates and very well understand the hidden charges associated with foreign exchange. The Global Forex Card is built for this new kind of traveller. "Whether it’s avoiding hidden rate markups and cross-currency fees or accessing cash abroad without ATM surcharges, we’ve focused on removing every kind of charge possible," he added.

You can get a single-currency forex card through the BookMyForex App or website. The card is available for currencies and purposes not supported by the BookMyForex Multi-Currency Forex card for international travellers. It is also offered to international students, irrespective of the destination currency.