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What is a prepaid forex card, and how to apply for one online?

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Prepaid forex cards have been gaining tremendous popularity among travelers. Their popularity can be attributed to the fact that they offer the safest way to carry foreign currency when abroad. You can load your forex card with the foreign currency of your choice and use it to make all purchase transactions.

If you are a frequent traveler, a multi-currency forex card may best suit your requirements. You can load it with multiple foreign currencies at once and travel to several countries without worrying about cross-currency charges without the need to buy a new forex card every time you visit a new country. The best part is that it is accepted worldwide and protects you against foreign exchange rate fluctuations.

Before learning how to apply for a forex card, let us explore the top benefits of using one on your travels abroad.

Advantages of carrying a multi-currency forex card on your travels abroad

  • A multi-currency forex card enables you to load multiple foreign currencies at once.
  • The foreign exchange rates are predetermined while loading your forex card, hence providing immunity against foreign exchange rate fluctuations.
  • It allows you to make international bookings and payments at restaurants, hotels, bars, stores, airlines, petrol pumps, etc at no extra charge.
  • It eliminates the need to stand in long queues to buy or exchange currency. You can buy a foreign currency and load it onto your forex card from the comfort of your home.
  • You can also withdraw liquid cash from any visa-enabled ATMs abroad without incurring currency conversion charges. But, you will have to incur a flat withdrawal fee on every transaction you make.
  • You have the luxury of tracking your spendings and checking the balance through instant SMS alerts.
  • If you lose your forex card, you can immediately inform your issuing bank to block your card and request a replacement.
  • After returning to India, you can request your bank to transfer the balance to your bank account.

The right platform to purchase a multi-currency forex card

If you are looking for an online platform to buy your multi-currency forex card, it is advisable to trust IndusInd Bank’s IndusForex. IndusForex can be your one-stop shop for all your forex needs, whether you want to buy or reload your multi-currency forex card.

IndusForex is one of the best online platforms in India that offers unbeatable foreign exchange rates while loading your forex card with the foreign currencies of your choice. It is available 24x7, which means that you can avail of the services from anywhere at any time. The best thing is that you can book your foreign exchange rates by paying only 5% as a token amount, and you have the luxury of making the remaining payment within 24 hours of your order.

So, if you do not know how to apply for a forex card, follow the underlying simple steps:

  • Go to www.indusforex.indusind.com and click on the Buy Forex Card.
  • You will land on a new web page wherein you need to select your preferred foreign currency from the available 14 options.
  • Enter the amount you wish to load onto your multi-currency forex card.
  • Click on the Get Rate, and allow IndusForex to fetch the best forex rates for you.
  • Login with your mobile number if you are an existing member of Indusforex, or else register yourself with your Aadhaar Card or your mobile number.
  • Enter your details and allow KYC checks.
  • Choose your delivery option - you can collect your forex card from a nearby IndusForex branch or get it delivered to your address in India.
  • Book your rate by making a payment of only 5% as a token amount and the remaining payment within 24 hours of your order.
  • Your multi-currency forex card will reach you within 24 to 48 hours.
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