Axis Bank Multi-Currency Forex Card Review
The Axis Bank Multi-Currency Forex Card holds 16 currencies and costs nothing to issue or reload if you do it online.
As with all forex cards, you save the credit card markup by spending in a currency you loaded in advance; spending in another currency triggers a 3.5% cross-currency fee.
- No issuance or reload fee when done online
- 16 currencies on one card
- ₹3 lakh lost/stolen card cover and ₹60,000 ATM robbery cover
- Burgundy customers get fee waivers and free ATM withdrawals
- Free replacement card in India
- 3.5% cross-currency fee
- USD 2.25 per ATM withdrawal
- ₹100 per currency to encash leftover balance
- ₹300 issuance and ₹100 reload fee offline
- USD 15 replacement fee abroad
Fees and charges
| Item | Detail |
|---|---|
| Issuance | ₹300 + GST (nil online) |
| Reload | ₹100 + GST per currency (nil online) |
| Encashment | ₹100 + GST per currency |
| Cross-currency fee | 3.5% |
| ATM withdrawal | USD 2.25 / EUR 1.69 / GBP 1.41 (flat) |
| Balance enquiry | About USD 0.50 |
| Cash over the counter at a bank | 0.5%, capped at USD 75 |
| Replacement card | Nil in India, USD 15 abroad |
How the card charges you
The card loads foreign currency at Axis’s card rate on the day you load. Spending in that currency costs nothing extra; spending in another currency costs 3.5%. Supported currencies: USD, EUR, GBP, AUD, CAD, CHF, JPY, SGD, SEK, AED, SAR, THB, NZD, HKD, ZAR and DKK.
Burgundy customers get issuance, reload and encashment fees waived and 6 free ATM withdrawals a year; Priority customers get the issuance fee waived.
Other benefits
| Benefit | Detail |
|---|---|
| Lost/stolen card cover | Up to ₹3 lakh (excludes ATM withdrawals) |
| ATM robbery cover | ₹60,000 (FIR required) |
| Burgundy variant | Fee waivers and 6 free global ATM withdrawals a year |
Eligibility
Issuer
Axis Bank
Who can buy
Resident Indians travelling abroad
Documents
Passport, PAN, travel documents, Form A2
Who this card is for
- Good fit: travellers who can buy and reload online and will spend mainly in one or two currencies.
- Skip if: you need to withdraw cash often — the flat ATM fee adds up.
Alternatives worth comparing
- ICICI travel forex cards
- HDFC Multicurrency ForexPlus
- Best forex and prepaid travel cards
- Best zero-forex-markup credit cards
Final verdict
A good low-cost forex card if you buy and reload online. Plan your currencies, limit ATM use and avoid small leftover balances.
Frequently asked questions
Is the Axis forex card free?
Issuance and reloads are free online. Offline, issuance costs ₹300 and each reload ₹100 per currency, plus GST.
How many currencies does it hold?
16, including USD, EUR, GBP, AED, SGD, THB and JPY.
What is the ATM fee?
A flat USD 2.25 (EUR 1.69, GBP 1.41) per withdrawal.
What is the cross-currency fee?
3.5% when spending in a currency not loaded on the card.
Is there insurance?
Lost/stolen card cover up to ₹3 lakh and ₹60,000 cover for robbery at an ATM.
Last verified: October 2026, against Axis Bank’s Multi-Currency Forex Card fees and charges. Card terms change often; confirm the current fees and reward rules on the issuer’s website before you apply. All fees are plus 18% GST.