7 Best Indian Credit Cards for International Travel (low Forex Markup Fees)

By | March 12, 2017

Planning on your dream foreign vacation? or spending a lot on foreign currencies online? Its time to use the right credit card for your international transactions as all such transactions has a new kind of transaction fee called Foreign Currency Markup Fee which is usually 3.5%+tax on most cards, which comes to almost 4% of the actual spend.

Best Credit Cards in India for International Travel

If you wonder how does it make a difference, its quite simple. Suppose you spend 1L on foreign currency, you end up loosing Rs.4000 (4%) as markup fee. Its one of the major source of income for banks and its time for us to get rid of it.

Best Credit Cards in India for International Transactions:

By choosing the right credit card, you will not only pay low markup fee, but also get some reward points on top of it which compensates the markup fee. Nice isn’t it? Lets look at some of the best credit cards with low foreign currency markup fee with detailed review of each. Here are some:

  1. Hdfc Infinia
  2. Citi Prestige
  3. HDFC Regalia
  4. YesFirst Exclusive
  5. YesFirst Preferred
  6. RBL Bank Icon Credit Card
  7. Indusind Legend Credit Card

#1 HDFC Infinia Credit Card

  • FCY Markup Fee: 2%+tax
  • Reward Rate: 3.3%
  • Net Gains: 1%
  • Annual fee: Rs 10,000+tax (sometimes waived)
  • Full Review: HDFC Infinia Review

HDFC Infinia Credit Card

Its one of the super premium credit cards in India and so is pretty tough to get approved for one. You can get similar gains with HDFC Diners Black credit card as well, but after visiting couple of countries, i can say that the acceptance of diners cards is incredibly low in foreign countries.

#2 Citibank Prestige Credit Card

  • FCY Markup Fee: 3.5%+tax
  • Reward Rate: 4% – 10% (Citi Gold Client)
  • Net Gains: 0%-6% (Citi Gold Client)
  • Annual fee: Rs 20,000+tax
  • Full Review:ย Citi Prestige Review

Citibank Prestige Credit Card

As you can see, being a Citi Gold client helps you get a better reward rate, else its almost nothing. The Citigold status can be availed by maintaining a Net Relationship Value* (NRV) of Rs. 50 Lakh for Savings/Current Account Holders.

#3 Yesbank YESFirst Exclusive Credit Card

Itโ€™s easy to get approved by Card-on-card basis these days as long as you have 5L+ Credit limit on any of your other credit cards. On top of that, its issued as Lifetime free for a limited period.

#4 Yesbank YESFirst Preferred Credit Card

Itโ€™s easy to get approved by Card-on-card basis as long as you have 2L+ Credit limit on any of your other credit cards. On top of that, its also issued as Lifetime free for a limited period. A lot of our readers has got this card ๐Ÿ™‚

#5 HDFC Bank Regalia Credit Card

  • FCY Markup Fee: 2%+tax
  • Reward Rate: 1.6%
  • Net Gains: – 0.7% (loss)
  • Annual fee: Issued LTF for most
  • Full Review: HDFC Regalia Review

HDFC Regalia Credit Card

Yes, that’s a loss of about 0.7% but much better than most other cards which will let you loose 4% or so. Its one of the most popular credit card in the industry for its name and fame of the past. It has been devalued recently, though it still carries some of the premium features to certain extent. HDFC Diners Premium also has similar markup fee, though, acceptance is the issue.

#6 RBL Bank Icon Credit Card

RBL Bank Icon Credit Card

Its a not so popular card, though gives a decent reward rate on International spend. Note that it works only when you spend around ~Rs.10,000 a month, anything more wont give you the accelerated points on Intl spend.

#7 Indusind Signature Legend Credit Card

Indusind Signature Legend Credit Card

Its one of the latest entrant in Indusind Credit Card Portfolio and comes with a decent benefit of 1.8% Markup fee for a limited period (until Dec 2017). Maynot be a perfect credit card for a typical international trip, but for those who can put the spends on weekends, can reap the maximum benefit.

Caution: The reward rate is calculated on effective utilization of the reward points you earn on the spend. If you donot redeem the points at the right time, you may loose the whole point of saving.

Love Debit cards? While these are some of the best credit cards for international use, i still prefer a debit card from Indusind which is Indusind Signature Exclusive Debit Card that has 0% markup fee, comes at a fee though. If you donot prefer to pay fees, Indusind Platinum Exclusive Debit card can help you as well, with a nice 1% markup fee.

Which is your preferred debit card for Foreign currency Transactions/International Travel? Share your thoughts in comments below.

44 thoughts on “7 Best Indian Credit Cards for International Travel (low Forex Markup Fees)

  1. Rahul

    Would you recommend using credit cards or multicurrency prepaid cards like “thomas cook borderless prepaid card”. I have to do transactions only in USD and would like to know which one is the better choice.

    1. Siddharth Post author

      Yes, above cards are better than Multicurrency cards.
      Sometimes though third party forex cards are good if you deal with USD or other popular currencies.
      You just need to compare what CC you have with the respective forex card fee/charges to find the answer.

      1. Rahul

        I have HDFC Allmiles and AmEx Membership rewards credit card (lifetime free). Can you tell me if i should go for the thomas cook card still for USD? I tried applying for regalia but they asked me to send the paper form instead of initiating over phone call which i think will be a paid upgrade.

        1. Siddharth Post author

          Check forex card by Doorstepforex, i availed it recently and you can consider it. I heard Thomas cook cards are bit pricy.
          They need physical form for all upgrades, it maynot be a paid upgrade.

  2. Abhishek Roy

    YES FIRST Exclusive gives a reward rate of 2.5%. It gives 10 RP/โ‚น100. Each point is worth โ‚น0.25.

  3. Anish

    FYI – The Regalia First card also provides a 2% markup` fee.

    1. Siddharth Post author

      But its reward rate is less, that ends up in more net loss, hence not added ๐Ÿ™‚

  4. Gautam

    Hi, Siddharth,
    I have been using HDFC regalia credit card for 4 month now and I am liking it. But now I have to make transactions of about 6L but my credit limit is 3L only. It seems like I canโ€™t put in upgrade request as that feature is currently not available on my account – as stated by HDFC net banking site. Is there any other way to do so?

    1. Siddharth Post author

      You need atleast 6 months gap for Limit Enhancement Gautam.

  5. Vivek Agrawal

    How do I check reward point breakup for my diners rewardz card(I mean to check how many points I have actually got for each transaction I made, so that I can verify if they have not missed on crediting the 10X reward points for eligible purchase)

  6. Amandeep singh

    Rbl is upgrading my platinum maxima to icon.I have tried convincing them but they are not ready to waive the annual fee. Is it worth upgrading and does lounge(international)visits are free with complimentry PP?.As per the rep it is free.

    1. Siddharth Post author

      Maybe its worth it if you spend on Intl txn’s else no.
      Priority pass membership Free (but no free visits)

  7. Arjun Sachdeva

    Seems like someone is copying your content
    www [dot] lifenan [dot] com

    1. Siddharth Post author

      There are ppl who does this(copy content) as their primary business. Let me try to send a notice. Thanks for notifying me.

  8. Prashant Gupta

    Hi siddhart what abt amex cards. Are their absolute firex rate less? I may have to book tickets for $600 . Which card to use hdfc regalia or amex platinum travel.

    1. Siddharth Post author

      They have 3.5%+Tax which is higher. So better stay away from Amex cards for Forex txn’s.

  9. Amandeep singh

    SBI elite has 1.99% foreign transaction fee but now reward rate is normal for international spending.

    1. Siddharth Post author

      Yes, but that’s 0.5% loss even on “effective” usage, worser than Regalia in its current form.

  10. Arun

    Dear sidharth
    I need a credit card for my wife . I need it because of getting free international lounge access. Since she is currently not in India , I think need to a get a credit card against fixed deposit. Will you please help to find a credit card. Thanks a lot

  11. Arun

    Thanks sidharth
    Can you tell how much minimum need to put in fd for getting this card please.

  12. Arun

    To get hdfc regalia , how much minimum amount required on fixed deposit.

    1. Siddharth Post author

      I think 4L-5L would do. Visit your HDFC branch.

  13. Siddhartha Pakrasi

    Hi Siddharth, saw your blog and picked up HDFC Infinia and Yes First Exclusive cards for my upcoming visit to Europe. In addition to the Forex markup fee levied by the credit card issuing bank I am told there is a Forex conversion surcharge of around 3% levied by MasterCard/ Visa as well. Is this true ?

    1. Siddharth Post author

      No, its very less, usually 1% or so.
      I’ve verified this many times and the numbers are matching very very close as on XE[dot]com

    2. Abhishek Roy

      You don’t have to be worried about what what Visa and MasterCard will charge. All you pay is 2% + ST +SC+KVC which roughly comes down to 2.5%, in case of Infinia/Regalia/Diners Black/Diners Premium. For Yes First Excusive, all you pay is 1.75% +ST+SC+KVC which roughly comes down to 2.22%. If any agent or customer care officer tells anything else, they are misinformed. Have checked and verified this info myself on a lot of occasions. Those 2% and 1.75% Mark Up fees contains the 1% or less charge that the Franchisee(VISA/MasterCard/Diners) Charges.

  14. Prashant Gupta

    Service tax and other levies total to 15% I think so total charges should be 2%+15% i.e. 2.30%

    1. Siddharth Post author

      Yes, i’ve taken that into ac in most cases ๐Ÿ™‚

  15. Siddhartha Pakrasi

    Great, thanks a lot. Must say that you have some great stuff on your blog. ๐Ÿ‘๐Ÿป

  16. Harwinder

    I have SBI visa credit card. I want to an international fee in CAD, but my card is not activated for international usage. What do I do now. How much time bank takes to grant activation?

  17. Prashant Gupta

    It can be activated through netbanking or by calling customer care.

  18. Riyaskhan

    hdfc offer GLOBAL VALUE, in which we get 1% cashback for international transaction subject to maximum of 1000 rs per statement cycle. it is great benefit if we use regalia or infinia which have only 2% markup fees.

    1. Siddharth Post author

      Interesting. Did you get a separate mail on it?

      1. Riyaskhan

        it was one of the feature when I apply for a card 2 years before. This is applicable for all hdfc credit catds. we can activate it by calling customercare. But It was come up with a annual charge of Rs.199. Luckily I never charged. I’m not sure why this is free for me. But still I am getting 1% cashback for all my international or foreign currency transactions.

  19. Prashant Gupta

    this is what i got from HDFC website

    Presenting a world of exclusive benefits with GLOBAL VALUE. Enroll for the program on your HDFC Bank Credit Card and avail a host of amazing benefits when you use your card for international purchases.
    1. Welcome / Renewal Benefit – 500 Bonus Reward Points on 1st International transaction. This feature is available once in a year.
    2. Cashback Benefit – 1% Cashback on all International transactions (upto Rs. 1,000/- per statement cycle).
    3. Milestone Benefit โ€“ Get Rs. 2,000/- worth Yatra voucher once you accumulate International spends of Rs. 1,50,000/- in a year. This feature is available once in a year.
    Program Fee
    Annual / Renewal Fee โ€“ Rs. 199/-
    Registration Process
    Simple, just call our 24×7 customer service number to place your request.
    After your request is processed we will enable GLOBAL VALUE program on your credit card and you can start enjoying the benefits.
    Service Activation
    Your request will be processed within 5 working days.
    The service activation confirmation will be communicated to you through SMS (on the registered mobile no.) and through Letter (on the registered mailing address)
    Points to Note
    This program is available for the following retail credit cards – Gold, Titanium, Platinum Plus, Signature, World, Titanium Edge, Platinum Edge, Solitaire, Solitaire Premium, Superia, Regalia and Infinia.
    Welcome Benefit would be credited within 60 days of first international transaction, post enrolling for the program.
    Milestone Benefit โ€“ Yatra voucher would be sent within 30 days of achieving International spends of Rs. 1,50,000/- in a year.
    The maximum cashback would be Rs. 1,000/- per statement cycle under the benefit.
    Cancellation policy – If this facility is cancelled at any point of time, the program fee already charged for the year will not be reversed.
    Service Tax and Education Cess will be additionally applicable on the program fee
    In last 2 months i had done almost Rs.1.5L forex transaction. Had i know earlier i would have saved some money.


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