Best Forex Cards
Lowest markup for international transactions. Zero forex markup cards save significantly on foreign spending.
307 cards ranked | Updated December 2025
Key Ranking Factors
Forex markup percentage
Enabled for foreign use
International lounge access
Rate vs annual fee
AU Ixigo Credit Card
0.00% markup
0.00% markup
FIRST WOW! Black
0.00% markup
Fi AmpliFi Credit Card
0.00% markup
IndusInd Pioneer Heritage
0.00% markup
0.00% markup
American Express Centurion
0.00% markup
0.00% markup
IDFC FIRST Private
0.00% markup
0.00% markup
Premier Mastercard
0.99% markup
1.00% markup
Yes Bank Marquee
1.00% markup
Times Black ICICI Bank
1.49% markup
Tiger Credit Card
1.50% markup
Zomato Edition Black
1.50% markup
Avios Visa Infinite (British Airways)
1.50% markup
1.50% markup
Yes Bank RESERV
1.75% markup
YES First Exclusive
1.75% markup
FIRST Vistara Signature
1.80% markup
LIC IDFC FIRST Select
1.80% markup
InterMiles Voyage Signature
1.80% markup
British Airways Visa Signature
1.80% markup
1.80% markup
InterMiles Voyage Black
1.80% markup
1.99% markup
1.99% markup
1.99% markup
1.99% markup
1.99% markup
BOBCARD Eterna Credit Card
2.00% markup
2.00% markup
Mastercard Celesta
2.00% markup
2.00% markup
HDFC Regalia First
2.00% markup
Tata Neu Infinity HDFC Bank
2.00% markup
HDFC Regalia Gold
2.00% markup
HDFC Diners Club Privilege
2.00% markup
2.00% markup
HSBC TravelOne
2.00% markup
YES First Preferred Plus
2.00% markup
Insignia Preferred Banking World Card
2.00% markup
Understanding Forex Markup
When you spend internationally, credit cards add a forex markup (typically 1-3.5%) on top of the currency conversion. On a ₹5 lakh international trip, 3.5% markup costs ₹17,500 extra.
Zero or low forex cards can save thousands on international spending, making them essential for frequent travelers.
How We Rank Forex Cards
- Forex markup (60%): Lower percentage is better; 0% is ideal
- International usage (15%): Must be enabled for foreign transactions
- International lounges (15%): Priority Pass and global lounge networks
- Value adjustment (10%): Low forex on cheaper card ranks higher
Forex Markup
0% idealNetwork
Global acceptanceFinding Low Forex Cards
- 0% markup: Some premium cards offer true zero forex
- Under 2%: Anything below 2% is competitive
- No dynamic conversion: Always pay in local currency, not INR
Who Needs Low Forex
- Frequent international travelers
- Online shoppers from international sites
- Business travelers with foreign expenses
- Anyone spending ₹1L+ internationally annually
Saving on International Spending
- Always pay in local currency: Decline dynamic currency conversion at payment
- Combine with travel rewards: Best forex cards often have travel bonuses too
- Check network acceptance: Visa/Mastercard accepted wider than Amex/Diners
Forex Card FAQ
What's the difference between forex markup and conversion rate?
Conversion rate is set by card networks (Visa/Mastercard) and is usually competitive. Forex markup is an additional percentage your bank charges on top. Zero markup means you only pay the network conversion rate.
Bottom Line
If you spend internationally, forex markup is a hidden cost that adds up quickly. Zero or low markup cards pay for themselves through savings on foreign transactions.