Apart from credit card and debit card, there is a so-called separate category for a different kind of bank customer, this is a forex card meant for specific purposes and carry a number of benefits that can in no way match the other 2 cards. People, who travel abroad, often wonder whether they should use their credit card or go for the forex card at overseas locations. On the other hand, there is a limit of cash you can carry with you while going abroad. Thus, plastic money has made it easier for us to make purchases without carrying any cash. As per HDFC Bank, “A forex card comes with several benefits. It’s the cheapest way of carrying and paying in foreign currency internationally; it’s safer than cash; cheaper than other cards and convenient as credit or debit cards; you can use it for multiple trips.” Here we take a look at benefits SBI, HDFC Bank, Axis Bank forex cards offer to you.

Also, when it comes to the safety of your cards abroad, you must adhere to the guidelines and safety precautions issued by the banks from time to time. The guidelines include not disclosing you secret card details to others and not letting others take your card off your eyes. Yes, this is extremely important because when you are travelling, getting complaints solved takes that much longer.

Experts advise people to use their Credit Card in an emergency situation only as it increases their liability. Therefore, if you are travelling abroad, you should prefer using Forex card issued by banks. What makes forex card the best choice is that it is like a prepaid travel card that you can load with a foreign currency of your choice. Also, you can use a forex card just like a credit or debit card to pay in a local currency abroad. To the benefits, also add the fact that it allows you to withdraw cash from bank ATMs.

Banks also provide many offers on their forex cards. Thus, you get rewards as well for using it. Banks do offer different types for Forex card as per the requirement by their customers.

Here we take a look at one card each by the SBI, HDFC Bank and Axis Bank:

1. SBI Foreign Travel Card/Multi-currency card features

* Additional Card available for backup
* Free Card replacement if your Card is lost or stolen
* Card is not linked to your bank account
* Withdraw local currency or pay directly for merchant services (other than in India, Nepal and Bhutan)
* No Forex Fluctuations
* Reloadable until the expiry date on the Card – within the limits of the Card

2. HDFC Bank Multicurrency ForexPlus Card features:

* Available in 22 currencies 
* No Forex Fluctuations 
* Emergency cash delivery
* Easily Transfer currency online
* Contactless payments
* Complimentary insurance coverage 

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3. Axis Bank Multi-Currency Forex Card

* Valid in 16 currencies
* ContactlessImage Forex Card options
* No Forex Fluctuations
* Emergency assistance with TripAssist
* Insurance coverage