09 Feb 2026 | 5 Mins Read
Zero forex cards come with hidden fees
Flipitmoney
Indian credit cards charge a foreign currency markup on transactions. Zero-forex cards waive the explicit fee but banks apply a competitive exchange rate. Network rate differs from interbank rates, incurring small losses or hidden margins. Dynamic currency conversion can lose travellers 3-7% or more. Annual fees and spending conditions apply to some zero-forex cards, and rewards may be adjusted.