Smart Ways to Avoid Forex Charges and Save More On Your Travels

When you use your credit card abroad for payments or withdrawals there is usually an additional charge called the forex fee.

The forex fee increases your overall expenditure and becomes an added burden. Here’s how to avoid it!

Say ‘NO’ to Dynamic Currency Conversion (DCC)

DCC applies when you convert foreign currency into INR when paying abroad. Avoid this as it incurs considerable charges.

Transact in cash

You can carry foreign currency in cash to avoid forex fees. But there’s always the added headache of keeping it safe.

Use prepaid cards

Rechargeable prepaid cards can be purchased for transacting abroad.  They do not involve forex fees, though a recharge fee might be applicable.

Choose cards with no forex fee

There are credit cards with Zero Forex Markup available today. Additionally, you benefit from attractive offers and reward points that help you save more.

The IDFC FIRST WOW! Credit Card offers ZERO Forex Markup. So, you can travel light, easy, and safe at all times!