Hdfc Forex Card Login Multi Currency

After seeing a massive success on the HDFC Regalia credit card past devaluing the points, looks like HDFC Banking company now decided to use its past name and fame of "Regalia" to brand its new Forex card. HDFC has launched a new Forex menu this month that revolves around the concept of – No Cross Currency Conversion Charges, which is indeed in high need lately. HDFC that has a forex bill of fare for a while – HDFC Multicurrency ForexPlus Bit Card that also has similar features, but this new ane does have meaning advantage. Lets have a look,

HDFC Regalia ForexPlus Carte du jour

HDFC Bank Regalia ForexPlus Carte du jour Benefits

HDFC Says: "HDFC Depository financial institution Regalia ForexPlus Card is exclusively designed for globe trotters. No hassle of carrying multiple currencies or managing currency wallets, currency conversion charges are matter of the past."

Its clear that their previous multi-currency wallet concept seems to be too complicated for a normal person to empathise and utilise, hence comes this new product. Lets swoop into its features:

Regalia ForexPlus Card Issuance Fee: Rs 1000/-
Reload Fee: Rs 75/- per reload
Residual Enquiry – 0.50 USD
ATM Cash Withdrawal – 4 USD

#ane Zero Cantankerous Currency Charges

It is the most important benefit that a Forex card needs. Now you lot go 0% Markup fee even if the transaction currency is different from the currency available on Regalia ForexPlus Bill of fare (USD). Trouble solved?! No, there is a take hold of.

GST on Currency conversion towards the purchase of Forex currency is applicable

They charge around ~2%+GST or so (which they commonly charge on HDFC multicurrency forexplus card) on buy, which is nothing just the markup fee. Hence, you're actually paying the markup fee upfront.

Its not fair for the so called "Bharat's #1 bank" (equally they brand so) to hide this fee and promote information technology equally 0% markup fee card.

HDFC Bank Regalia ForexPlus Bill of fare Charges

Hither are the numbers exposed for $100 forex card when XE Rate: 1$ = 64.iv

Actual Rate: Rs.64.4
Bank conversion Rate = Rs.65.38 (~1.v%)

The skillful office is this card runs on Mastercard network which gives you the best substitution charge per unit (when y'all utilize on other currencies) as per the recent research. More on it here: Visa vs MasterCard vs Amex vs Diners Social club – Which has the Best Foreign Exchange Charge per unit?

#2 Complimentary Lounge Access

Complimentary International Drome Lounge Access in Bharat (Limits Non disclosed)

This means, you'll get complimentary admission to mastercard airports lounges in terminals with international departures only. They oasis't disclosed the max. limits yet. This maybe be like 2/qtr equally usual.

#3 Online Usage Enabled

Banking company allows Due east-commerce facility on Regalia ForexPlus Cards to make payments towards shopping washed on online website / shopping portals. In case of Ecom transactions, the system may prompt for 2d factor authentication where y'all demand to validate the transaction using the NetBanking PIN for your Regalia ForexPlus Card.

So any left-off currency after your trip, y'all may consider splurging on sites like AliExpress. Though, not sure how applied information technology is.

#4 Cashback of 5% or 5X Reward Points Offer (limited period)

Debit cards: v% Cashback limited to Rs. 2500
Credit cards: 5X Reward Points Limited to 2500 Reward points for

This is indeed the major benefit if you're considering to get this card. Loading your Regalia Forex Plus menu with Rs.50,000 using a HDFC debit carte will get you Rs.2500 cashback which will set off the issuance fee & the markup fee. Same with credit cards, makes sense if you hold Infinia or Diners Black to avail 5X reward points.

Other Benefits: There are other benefits like 'Thanks Again' Advantage Program by MasterCard and 'Waiver on ATM Access Fee or ATM ownership charges', even so both are express to a small network, hence not a major feature to rely on.

Final words:

If at all y'all're going for this Regalia Forex Plus card, its worth information technology if and only if you practise so by availing the 5%/5X offer mentioned higher up. Else, yous loose a net ~2%+GST and additional withdrawal charges. Consider Indusind Exclusive Platinum DEBIT card or Indusind Exclusive Signature DEBIT card for whatsoever withdrawals.

Be enlightened that using debit cards abroad is not suggested equally its not that secure as Credit card, which is one of the major reasons to hold a credit card. Hence you might rather go for any of the cards that we've listed for international transactions (but never withdraw from credit cards). Hither you go -> 7 Best Indian Credit Cards for International Travel.

What's your take on HDFC'due south new Regalia ForexPlus Card? Worth the hype or yet some other fail? Experience free to share your views in comments below.