Do you love traveling to different countries but are tired of paying high exchange rates on foreign currencies? Well, you no longer need to lose your precious money due to exchange rates and say hello to a travel credit card! Usually, you have to pay a small foreign exchange fee on transactions, however, many lenders offer credit cards with no foreign transaction fees and special offers for your travel plans!

Foreign transaction fees

Foreign transaction fees refer to fees charged on purchases made abroad or online from foreign merchants. The fees usually involve the fees of the card network such as Visa or Mastercard or Rupay and the issuing bank. Therefore, to avoid these fees, you must request a trip credit card which gives you the option to waive foreign transaction fees.

Top 5 Credit Cards with No Foreign Transaction Fees 2024

HDFC Bank Regalia ForexPlus Credit Card

Membership fees:Rs. 1,000 plus GST

The HDFC Bank regalia ForexPlus credit card is issued in US dollars and is free of cross-currency markup fees so you can use it worldwide. It offers cardholders complimentary access to lounges at select Indian international airports. The card also offers comprehensive insurance for lost baggage, personal documents and cash. This card can also be blocked online and a backup card can be ordered for added security.

Axis Banque Bourgogne private credit card

Membership fees: Rs. None. (by invitation only)

The Axis Bank Burgundy private credit card can only be used by invitation. Therefore, if you qualify, you get bonus points and no interest charges until your bill date. There are no foreign transaction fees and gives you the option to increase your overseas credit limit. Plus, you’ll be rewarded with points for the purchases you make every day.

In addition to these financial incentives, the card offers a more comprehensive range of travel and lifestyle benefits. You can take advantage of concierge services for flight reservations, restaurant reservations and even shopping. Popular restaurant subscriptions, movie tickets and golf outings are included for free.

The card also offers fuel supplement exemption of these transactions carried out free of charge at specific petrol pumps and selected airport lounges, in India and abroad. You can also enjoy free hotel and restaurant memberships, hotel discounts, and culinary experiences. The card also offers travel insurance, health and wellness coaching, and consultations with doctors.

Ixigo AU credit card

Membership fees: Rs. 999 plus GST

This credit card comes with a membership allowance of R1000reward points and Rs. 1000 Ixigo money vouchers. With this card, you can redeem the reward points on any rail purchase, online or offline. You also get special offers on flight, train, bus and hotel bookings through ixigo. Along with this, you get free access to over 1,300 international and domestic airport lounges and rail lounges. The card has no foreign transaction fees and also offers a fuel surcharge waiver.

Club Vistara IndusInd Bank Explorer Credit Card

Membership fees: Rs. 40,000 plus GST

This credit card comes with a high annual fee, but it also gives you exclusive travel and lifestyle benefits. You can benefit from a free voucher for 1 business class ticket based on your annual spending. With this credit card, you get exclusive access to Club Vistara Gold status, hotel and airline vouchers, and points for multiple purchases. The card includes free access to domestic and international airport lounges; free movie tickets; and travel insurance offers. This credit card offers you zero foreign transaction fees and a fuel surcharge waiver.

First IDFC Mayura Credit Card

Membership fees: Rs. 5,999 plus GST

This credit card offers you a wide variety of reward points at different levels. Reward points depend on the amount spent and the type of transaction you make. You can enjoy even higher reward points on online purchases, celebrations, flight bookings and other major transactions. This credit card also gives you zero foreign transaction fees.

Conclusion

Credit cards give you the option to pay later. However, if not used wisely, credit cards can be a disastrous choice for you as they attract high interest rates on repayments. So it is always advisable to pay your credit card bills on time and in one go. This will not only help you maintain good health credit scorebut will also help you avoid debt traps. Before choosing a credit card, you need to analyze your financial situation and decide which credit card is best for you and fits your budget perfectly.