Niyo Global Card offers customers a convenient and well-secure way to carry foreign currency while traveling abroad. This card gives users easy access to their funds, allowing them to make payments in the local currency.
Niyo Global Card is most attractive for its zero cross-currency charges, which saves customers from paying additional fees when converting from one currency to another. ICICI Bank Forex Card offers features such as cash withdrawal, emergency cash assistance, and balance inquiry with ease.
Read the full article to educate yourself about these two cards to ensure that you have the best card in your wallet when you fly the next time.
An overview of the features of ICICI Bank Forex Card and Niyo Global Card
The Niyo Global Card is an excellent choice for those who travel frequently and need to manage multiple currencies. It offers several great benefits, from convenience to security.
Firstly, it allows users to manage multiple currencies within one card, eliminating the need for various cards for different currencies. Additionally, it provides excellent exchange rates and low transaction fees, making it an economical choice for those who travel frequently.
Furthermore, it is a safe choice, as transactions are authorized with a PIN, and the card is protected from fraud and theft with a chip-and-PIN system. The card also provides an easy way to track spending, allowing users to stay within their budget. The Niyo Global Card is an excellent choice for those who need to manage multiple currencies and travel frequently.
The ICICI Bank Forex Card offers various benefits, including multiple currencies, no exchange rate fluctuation, no need to open a new bank account, and round-the-clock customer service.
ICICI Bank Forex Card vs Niyo Global Card
| ICICI forex card benefits | Niyo Forex Card |
| The card allows customers to load multiple currencies onto a single card, making it easy to manage exchange rates and currency conversion fees but surely at a cost. | The Niyo Global Card is an excellent tool for travelers looking for a secure and convenient way to manage their funds abroad without any transaction fees. |
| It has competitive exchange rates, allowing customers to save money on foreign exchange transactions. | With no transaction fees, near real-time exchange rates, and easy access to funds, the Niyo Global Card is an ideal travel companion. |
| Customers can access their funds from any ICICI Bank ATM around the world, making it a secure and convenient way to access cash. | It also offers the convenience of withdrawing local currency from ATMs in over 150 countries, making it an ideal tool for those regularly traveling abroad. You can withdraw through various banks and not just one! |
| It charges low forex fees. | Niyo Global Card has zero forex charge and it allows customers to check their balance and transaction history on the go with the Niyo mobile app, making it simple and easy to manage their finances while traveling. |
How to apply for a Niyo Global Card?
Applying for a Niyo Global Card is a simple and straightforward process. First, visit the Niyo website to create an account and download the application form from the QR Code or directly.
- Fill out the form with all the necessary details, such as an address, contact number, bank details, etc.
- After filling out the application form, upload documents like identity proof, address proof, and bank statements.
- Once all the documents are uploaded, submit the application form and fees.
The Niyo team will review the application and notify you of the status of your application. Once approved, your Niyo Global Card will be dispatched to you. Once receiving the card, you can start using it instantly and avail yourself of its various benefits.
How to apply for an ICICI Forex card?
You can apply for it online with your Aadhar Card and your income proof. It takes seven days to reach you. You maybe asked to visit the place physically for KYC.
Charges of Niyo Global Card and ICICI Bank Forex Card
The Niyo Global Card and the ICICI Bank Forex Card offer competitive rates on international currency exchange.
- Niyo Global Card charges no fees for joining, reloading or renewing the card.
- The ICICI forex card charges 150 INR for joining, 100 INR for card renewal and another 100 INR each time while reloading it.
Niyo Global Card is the right choice here due to its lower cost and, indeed, the right one.
What rate do the Niyo Global Card and ICICI bank Forex Card Offer?
- The Niyo card provides access to a wide range of currencies and competitive exchange rates, whereas ICICI Bank’s exchange rate varies depending on the currency you are exchanging.
- Niyo card is supported by 24/7 customer service, while ICICI Bank’s customer service is limited to banking hours.
Niyo Global Card won this time, too, with its outstanding features.
Another travel card by ICICI- Goibibo Forex Card- is popular these days!
Goibibo Forex Card, as offered by ICICI Bank, is a pre-paid card offering instant loading of up to 18 currencies, online access to account information, and the ability to lock in favorable exchange rates.
Goibibo Forex Card as Compared to Niyo Global Card
Goibibo Forex Card does not provide free access to airport lounges, whereas Niyo Global Card does! It charges a joining fee of 499 INR, but Niyo has no joining charges. With a cross-currency markup fee of 3.5%, it proves itself inferior to Niyo Global Card as Niyo doesn’t charge anything.
Niyo Global Card is highly recommended here if compared to Goibibo Forex Cards.
ICICI student forex card vs Niyo Global Card
The trend of international learning is growing, and so as the varieties of forex cards made for the relevant reasons. ICICI Student Forex Card lacks when it comes to customer care services as it follows the general bank timings, and a student might need assistance anytime. For a hassle-free experience, Niyo Global Card is more advisable for a student.
ICICI Travel Card
ICICI Travel Card can be your partner during your international trip but at a heavy expense compared to the Niyo Global Card. The inactivity fee for 6 months on ICICI Travel Card is $5, whereas Niyo Global Card has no such charges. Even the wallet-to-wallet transfer fee is 2.5% for ICICI Travel Card, but surprisingly you will never find such charges in Niyo Global Card.
Wrapping up
ICICI Forex Cards stand nowhere compared to the Niyo Global Card, and hence nothing but Niyo Global Card is advisable to opt for as your next travel partner. Apart from free airport lounge, negligible charges, good returns it also gives you free air tickets, discounts on hotels and much more. Remember it is easy to get and simple to maintain!
FAQs
Which card is best for international use?
After comparing several forex cards, it is seen that the Niyo Global Card offers more advantages when put for international use. Apart from zero forex markup, you can enjoy 24X7 customer assistance, free access to airport lounges, no joining or reloading fees and access to 100+ currencies in 150+ countries.
Which bank is best for an international card?
SBM Bank India is ruliing the list of the best bank for an international card due to the advantages the Niyo Global Card has in store for the travelers.The no charge option while depositing money, no charges while withdrawing, no processing fees and above all free lounge access turns it to be the best.
