Axis Bank Forex Card for Students: Charges, Application Form, Rates, Benefits

axis bank forex card

When you study abroad in a foreign country, to make any purchase you mostly use your debit or credit card that supports Visa or Mastercard but it involves a lot of high charges, like exchange rates, currency conversion charges, convenience fees, and so on. And that’s where forex cards come into play. These are pre-paid cards that you can load with the currency of your choice and use for transactions abroad with additional benefits like locked-in exchange rates, lower fees, etc. if you are planning to study abroad don’t miss out on this blog as this can provide great value to your study abroad experience. 

Axis Bank Forex Cards

Axis Bank is one of the reputed banks in India that provides great value to their customers. Axis Bank has a wide range of credit cards, these cards provide extra benefits in addition to a forex card and some of the popular card options are as follows:

  • Axis Bank Vistara Card– This card is linked to Vistara airline miles and offers you complimentary flight tickets, lounge access, priority check-in, and baggage handling. You can load up to 16 currencies on this card and enjoy zero cross-currency charges.
  • Multi-Currency Forex Card–  You can carry up to 16 widely used currencies in one card and make payments at the rate you loaded your card. You also get a flat 30 paise discount on the exchange margin if you are an Axis Bank account holder. 
  • World Traveller Forex Card– This card is specially designed for frequent travelers. You can load up to 8 currencies on this card and enjoy zero cross-currency charges. Additionally, you get complimentary insurance coverage and emergency assistance with this card.
  • Diners Card– Diners Card is ideal for US dollar transactions as it offers you zero currency conversion charges and zero ATM withdrawal fees. You can also enjoy unlimited airport lounge access, fuel surcharge waiver, and more with this card.

Also, Read- OTP BANK INTERNATIONAL MONEY TRANSFER

Eligibility Criteria

To be eligible for an Axis Bank forex card, you need to meet certain eligibility criteria, which are as follows:

  • You must be an Indian resident or a non-resident Indian (NRI).
  • Your minimum age should be 18+ Years
  • You must have a valid passport and visa holder
  • You must have a confirmed ticket for travel within 60 days from the date of application (applicable for NRIs)

Axis Bank Forex Card Charges

Here are some of the different charges that are associated with the Axis bank forex card:

  • Issuance fee– You have to pay this fee when you apply for an Axis Bank Forex card. It fee usually ranges from INR 300 to INR 750 depending on the type of card you are choosing to get. However, if you are a priority customer of Axis Bank then the issuance fee of INR 300 will be waived
  • Reload fee– This is the fee that you have to pay when you reload your Forex card with more currency and the fee ranges between INR 100 to INR 200. 
  • ATM withdrawal fee- This charge will be applied when you withdraw cash from an ATM using your Axis bank forex card. It can range from INR 0 to INR 200.
  • Cross-currency charge– Lastly, this fee is only applicable when you pay for a currency that is not loaded on your Forex card. It ranges from 0% to 3.50% depending on the type of card and currency.

Documents Required

Here are some of the necessary documents that are required while the application process for the Axis Bank Forex Card:

  • A valid passport
  • Visa
  • A copy of your confirmed ticket (Applicable for NRIs)
  • A copy of your PAN card or Form 60
  • Passport size photographs
  • Birth Certificate
  • Aadhar Car

Also Read- YES BANK INTERNATIONAL MONEY TRANSFER

Application Process

You can apply for an Axis Bank Forex card online or offline. Here are the steps to follow².

  • Online Procedure- You can visit the Axis Bank website and click on ‘Forex Card’ under ‘Retail Forex’. Then, choose the type of Forex card that suits your needs and click on ‘Apply Now’. You will have to fill in your personal details, travel details, and currency details and upload the above documents. You will also have to pay the issuance fee online. Once your application is verified, your Forex card will be delivered to your address within 6 business days.
  • Offline Procedure– You can visit any Axis Bank branch or partner agent after the process is almost the same as the online procedure, the difference is here you will have a physical person present to assist you.

FAQs

Q1. What are the rates or exchange rates in Axis Bank Forex Card?

A. The exchange rates are always dependent on the prevailing market, You can always use the Axis Bank website or mobile app to check the latest rates. Axis Bank also provides an additional feature with their forex cards known as “Locked-in exchange rates” that locks in the exchange rate at the time of loading or reloading your forex card and avoid fluctuations in the currency market.

Q2. How can I check my balance on my Forex card?

A. You can easily check your Axis Bank Forex card balance, by logging in to your online account or mobile app. Alternatively, can also call the customer care number or visit any Axis Bank ATM near you to check your balance.

Q3. What should I do if I lose my Forex card or it gets stolen?

A. If you lose your Forex card or it gets stolen, you should immediately call the customer care number and report it and then block your card online or through the mobile app ASAP.If you lose your Forex card or it gets stolen, you should immediately call the customer care number and report it and then block your card online or through the mobile app ASAP.If you lose your Forex card or it gets stolen, you should immediately call the customer care number and report it and then block your card online or through the mobile app ASAP.If you lose your Forex card or it gets stolen, you should immediately call the customer care number and report it and then block your card online or through the mobile app ASAP.

This was all about Unistream money transfer. Reach out to Fly Finance for all finance-related concerns to simplify your study abroad experience with zero hindrances.

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