Is a Zero Forex Markup Credit Card Worth It Pros, Cons, and Alternatives
Travelling frequently overseas, using foreign websites to make shopping purchases or paying using a foreign currency are some of the very common situations you may have encountered requirements of zero forex markup credit cards being a leading solution which can save on forex markup charges. However, is a zero forex markup credit card worth it to all people? This article by EximPe breaks down how these cards work , their advantages and disadvantages , and practical alternatives to save on forex charges for your global payments. What is Forex Markup Fee? Forex markup fee is another fee that can be charged on you by your bank or card issuer when you pay in currencies other than that the card is billed on. It is usually 1% to 3.5% of the transaction value. For example: You spend $1,000 abroad Exchange rate: ₹83/$ → ₹83,000 Forex markup fee (3.5%): ₹2,905 extra 👉 Total billed: ₹85,905 What is a Zero Forex Markup Credit Card? A zero forex markup credit card is a credit card that,...