BookMyForex Forex Card Review
The BookMyForex Forex Card is a multi-currency prepaid card issued with YES Bank and sold through the BookMyForex platform. It has no reload, refund or inactivity fees and lets you compare rates before loading.
Its “zero markup” headline needs reading carefully: interbank rates apply only to specific currencies, in select cities, for larger orders with a promo code. Most users pay a small spread like any other forex card.
- No issuance, reload, refund or inactivity fee
- Rate comparison and online ordering
- 14 currencies on one card
- Separate USD card with no ATM or cross-currency fees
- Free insurance cover up to ₹1.5 lakh
- Service charge of ₹100–₹300 per new card order
- Zero markup only for qualifying orders (₹1.5 lakh+, select cities and currencies, promo code)
- 3.5% cross-currency fee and 2% cash disbursement fee
- USD 2 per ATM withdrawal and USD 1 per balance enquiry
- ₹3,000 replacement fee abroad
Fees and charges
| Item | Detail |
|---|---|
| Issuance, reload, refund, inactivity | Nil |
| Service charge per new order | ₹300 (up to ₹15,000) · ₹250 (₹15,000–₹50,000) · ₹150 (₹50,000–₹1 lakh) · ₹100 (above ₹1 lakh), + GST |
| Cross-currency fee | 3.5% |
| Cash disbursement | 2% |
| ATM withdrawal | USD 2; balance enquiry USD 1 |
| Daily limits | USD 1,000 cash; USD 7,500 card and online |
| Replacement card | ₹250 in India, ₹3,000 abroad |
How the card charges you
You load currency at the BookMyForex card rate on the day of your order. Supported currencies: USD, GBP, EUR, CAD, AUD, SGD, AED, SAR, THB, CHF, HKD, NZD, JPY and ZAR.
About “zero markup”: interbank rates apply only on specific currencies, in select cities, for orders of ₹1.5 lakh or more, using the promo code shown on the site. Otherwise a normal card rate applies.
USD single-currency card: a separate card for US dollar spending with no ATM, cross-currency, reload, unload or issuance fees (local ATM operators may still charge).
Other benefits
| Benefit | Detail |
|---|---|
| Insurance | Free cover up to ₹1.5 lakh |
| Network | Visa |
| Offers | Time-limited cashback and travel offers on the site |
Eligibility
Card issuer
YES Bank (multi-currency card)
Sold by
BookMyForex
Who can buy
Indian residents travelling abroad
Documents
Passport, PAN, travel documents
Who this card is for
- Good fit: travellers loading ₹1 lakh+ who want to compare rates online and avoid reload fees.
- Skip if: your order is small — the ₹300 service charge on orders under ₹15,000 is relatively high.
Alternatives worth comparing
- ICICI travel forex cards
- Axis Multi-Currency Forex Card
- Best forex and prepaid travel cards
- Best zero-forex-markup credit cards
Final verdict
One of the cheapest forex cards to run, with no reload or inactivity fees and a USD card with no ATM fees. Treat “zero markup” as a conditional offer and compare the rate on your order day.
Frequently asked questions
Is the BookMyForex card really zero markup?
Only for qualifying orders: specific currencies, select cities, ₹1.5 lakh or more and the promo code shown on the site.
Are there any fees?
No issuance, reload, refund or inactivity fee, but a ₹100–₹300 + GST service charge applies to each new card order.
Who issues the card?
The multi-currency card is co-branded with YES Bank.
What are the ATM charges?
USD 2 per withdrawal and USD 1 per balance enquiry on the multi-currency card. The USD single-currency card has no ATM fee.
How many currencies does it hold?
14, including USD, EUR, GBP, AED, SGD and THB.
Last verified: October 2026, against BookMyForex’s forex card pages and schedule of 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.