Foreign Travel: Credit Card vs. Forex Card - Avoid Hidden Costs Abroad!

• Indian credit cards add a foreign currency markup (2-3.5%) plus GST on international transactions, making expenses 3-4% higher.
• Currency volatility means your bill is converted at the settlement date's exchange rate, not the swipe date's, risking higher costs if the rupee weakens.
• Forex cards allow preloading foreign currency at a locked-in rate, providing certainty and insulation from exchange rate fluctuations.
• Forex cards generally have lower transaction costs for spending and ATM withdrawals compared to credit cards.
• Credit cards are essential for hotel/car rental deposits and offer fraud protection/rewards, making a combination of both ideal for smart travel.

Why It Matters: Understand hidden credit card costs abroad; combine forex and credit cards for smarter, budget-friendly international travel.