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BookMyForex Card vs Niyo Global Card

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In today’s world of international travel, having a forex card is a must-have item. With so many options available in the market, it can be pretty confusing to choose the right one. In this blog, we will compare the two popular forex cards in the market- BookMyForex Card and Niyo Forex Card. 

While both offer great features, there are some crucial differences between the two. We will compare BookMyForex Card and Niyo Forex Card to help you to make an informed decision. Let us warn you; the results might surprise you.

Let me introduce you to both the cards and then move into the Niyo forex Card vs BookMyForex Card section. Keep your eyes peeled till the end! 

BookMyForex Card

BookMyForex is a well-known forex card provider in India. Yet, it has its own set of limitations. BookMyForex is only available in India and not in other countries. It is impossible to reload the card online, and one must visit a BookMyForex branch for the same. Additionally, the card does not come with a mobile app for easy tracking of transactions.

Niyo Forex Card

Niyo Forex Card, a newer forex card, has various advantages over BookMyForex Card. Niyo Forex Card is accepted worldwide. It may get used worldwide regardless of where you bought it. Reloading Niyo Forex Cards online saves time. The Niyo app offers real-time foreign conversion rates, transaction monitoring, and expenditure reconciliation.

Niyo forex Card vs BookMyForex Card

FeaturesNiyo Global CardBookmyforex Card
Number of Currencies150+20+
CashbackUp to 2%Up to 0.5%
Foreign Transaction FeesZeroUp to 3.5%
ATM Withdrawal FeesZeroUp to $2 per ATM
Customer Support24/724/7
Rewards ProgramNoYes
Annual Maintenance FeeYesYes
Insurance CoverYesYes
  1. Ease of getting the card

    You can get a BookMyForex Card through their website or physical branches. Yet, the process can be time-consuming, and one may need to visit the branch many times to complete the formalities. Additionally, the card may take a few days to arrive, which can be inconvenient for travelers who have immediate plans to go abroad.

     Niyo Forex Card offers a seamless and convenient process to get a card. All one needs to do is fill out a form online to apply for Niyo forex Card, complete the required formalities, and the card will get delivered to their doorstep within a few days. The process is quick and effortless, saving travelers from the hassle of visiting physical branches.

    Result: In the very first section of Niyo vs BookMyForex, Niyo Forex Card is the easiest to go. Travelers like its fast, easy, and straightforward approach. Our verdict is that for a hassle-free trip overseas, use Niyo Forex Card.

  2. Card usage abroad

    BookMyForex card is an excellent option for people who want to carry a large amount of cash, but it can be challenging to use it abroad. The card does not work with most ATMs, so you must find a bank that accepts it. It can be time-consuming and cause frustration if you are in a hurry. However, the card is only accepted by some merchants, so you may struggle to buy what you need.

    The Niyo Forex card is a far more user-friendly option. The card gets accepted by ATMs and merchants worldwide, so you will have no trouble accessing cash or making purchases when needed. Additionally, the Niyo Forex card offers a range of great features. It includes a mobile app that makes it easy to manage your account and 24/7 customer support if you need help with anything.

    Another critical advantage of the Niyo Forex card is the fact that it comes with excellent security features. For example, the card gets equipped with a chip and a pin, which helps to prevent fraud. The card is packed to work with the latest technology, so you can be sure that your data is always safe and secure.

    Result: If you want a safe and straightforward method to take cash overseas, the Niyo Forex card is best. Its user-friendliness, security, and global acceptance feature make travel easy.

  3. Reloading the card

    BookMyForex Card offers several reloading options, such as online reload, via phone banking or bank transfer. But, the reload process can take time and effort. The online reload option could be more user-friendly and requires several steps to complete the filling process. Furthermore, reloading via phone banking requires you to call the customer support number and wait a long time to get through to an agent. The bank transfer option is also not ideal for urgent reloads, as it can take up to two business days for the funds to reflect on the card. 

    Niyo Forex Card, on the other hand, offers a fast and easy reloading option via the Niyo App. The app is user-friendly and allows you to reload the card in just a few clicks. The funds are instantly credited to the card, which means you can access your foreign currency immediately. Niyo Forex Card offers many reload options such as online fill, via phone banking or bank transfer. The reload process is smooth and hassle-free, making it ideal for urgent reloads.

    Result: Reloading options favour Niyo Forex Card. BookMyForex Card takes longer to refill than the Niyo app. Niyo Forex Card is ideal for rapid and simple refilling.

  4. Complimentary features

    BookMyForex card is a well-known brand but falls short in several areas compared to the Niyo Forex card. For starters, the BookMyForex card has a higher loading fee, which can be a significant drawback for frequent travelers. Again, it charges extra fees for balance inquiries, cash withdrawals, and card replacements.

    Niyo Forex card offers several unique features that make it the brighter option. One of the most important features is its 24/7 customer support. Whether you have a question about your card or need help with a transaction, the Niyo Forex card offers round-the-clock support. It is a huge advantage for travelers, especially in an emergency.

    Another great feature of the Niyo Forex card is its integration with the Niyo Global account. It allows you to manage your forex card and make transactions from your mobile phone, making it the perfect travel companion. With the Niyo Forex card, you can access real-time forex rates, view your card balance and transaction history, and even request a card replacement.

    Finally, the Niyo Forex card also offers zero markup fees, which means you pay only the interbank rate for currency conversion. It saves you a lot of money compared to the BookMyForex card, which charges a markup fee on top of the interbank rate.

    Result: Niyo Forex card outshines BookMyForex. Niyo Forex card is ideal for regular travellers due to several reasons. Like its 24/7 customer help, connection with Niyo Global account, 0% markup costs, free balance enquiry, cash withdrawal, and card replacement. Niyo Forex card is the finest choice for value and security.

  5. Fees & Other Charges

    BookMyForex is a well-known name in the forex industry, but when it comes to fees, it lags behind its competitors. Check these BookMyForex Card charges:

    • Joining fee:

    BookMyForex card comes with a joining fee of INR 250, and the book my forex card balance check costs INR 250+ GST.

    • Loading fee: 

    Every time you reload the card, you have to pay INR 100.

    • Inactivity fee

    If you don’t use your card for six months, you will get charged an inactivity fee of INR 100 per month.

    • ATM withdrawal fee

    The BookMyForex ATM withdrawal charges attract a fee of INR 150 per transaction.

    • Card replacement fee

    If you lose your card, you will get charged a fee of INR 250 for card replacement.

    Now, let’s look at what Niyo Card provides.

    Niyo Forex Card offers a better deal on fees. Check the benefits you can enjoy with the Niyo Forex Card:

    • No joining fee

    Niyo Forex Card does not charge any joining fee.

    • No reload fee

    You can reload your card for free without any more charges.


    • No inactivity fee

    Niyo Forex Card does not charge any inactivity fee, even if you don’t use your card for a year.

    • Low ATM withdrawal fee

    Withdrawing money from an ATM abroad will attract a fee of INR 99 per transaction, much lower than the BookMyForex Card.

    • No card replacement fee

    Niyo Forex Cards do charge some fees for card replacement.

Comparison Result:

Niyo Forex Card outperforms BookMyForex Card based on charges. Travelers may save money and time with Niyo Forex Card, which has no registration charge, reload fee, inactivity fee or ATM withdrawal price. For a smooth trip overseas, use Niyo Forex Card.


 BookMyForex Card and Niyo Forex Card are valuable travel tools. However, Niyo Forex Card is the clear winner due to its robust features and seamless user experience. With Niyo Forex Card, you can enjoy a hassle-free travel experience because it provides seamless transactions, real-time balance updates, and 24/7 customer support. In contrast, to conclude the BookMyForex review, it needs more features and reliable customer support. So, if you’re looking for a comprehensive and reliable travel card, Niyo Forex Card is the way to go.


Can Niyo Forex Cards be used in many countries?

Yes, Niyo Forex Card can be used anywhere in the world as it can get loaded with many currencies, making it a convenient option for travelers who visit internationally.

How easy is it to reload Niyo Forex Card?

Reloading Niyo Forex Cards is simple. The process can be done online, and the cardholder does not have to go through any hassle.

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