Axis Credit Card Atlas Forex charges on Airbnb

[knightknight]

Hi,

I am trying to book a foreign airbnb. The airbnb website is showing everything in INR by default. Will I be charged 4% on this if I use atlas?

 

[Quiksilver27]

Hi,

I am trying to book a foreign airbnb. The airbnb website is showing everything in INR by default. Will I be charged 4% on this if I use atlas?

For Atlas , the Dynamic Currency Conversion (DCC) markup fee is 1.5% plus taxes for international transactions performed in Indian currency at an international location or with merchants located in India but registered in a foreign nation

 

[knightknight]

Didn't get the 1.5% part. On the website it says 3.5%? Very noob to this. Can you please tell me when will I be charged 3.5 and when will it be 1.5?

 

[Quiksilver27]

so in simple terms.. if u pay in foreign currency like usd aed eur etc you will be charged 3.5% plus gst and if u pay to a foreign company in INR then DCC of 1.5% plus gst

 

[coolguy1]

View attachment 85977

Didn't get the 1.5% part. On the website it says 3.5%? Very noob to this. Can you please tell me when will I be charged 3.5 and when will it be 1.5?

While paying internationally,

in foreign currency -> attracts Foreign currency transaction fee.(3.5%+GST)

in INR -> attracts DCC. Dynamic Currency Conversion.(1.5%+GST)

Both get charged extra depending on the card you have. 🙂

 

[knightknight]

Got it. Thank you so much both @Quiksilver27 and @coolguy1

Another followup question. Does airbnb fall under 5 EM category? I read somewhere that international airbnb has a separate MCC compared to domestic one.

 

[Quiksilver27]

Got it. Thank you so much both @Quiksilver27 and @coolguy1

Another followup question. Does airbnb fall under 5 EM category? I read somewhere that international airbnb has a separate MCC compared to domestic one.

i had booked airbnb for Sri lanka and got only 2 EM per 100..

 

[knightknight]

I see. I just searched and found this reddit thread. Even in my case, the airbnb portal is forwarding to Razorpay and asking for PAN details. When you booked for Sri Lanka, did the same happen?

 

[Quiksilver27]

I see. I just searched and found this reddit thread. Even in my case, the airbnb portal is forwarding to Razorpay and asking for PAN details. When you booked for Sri Lanka, did the same happen?

Yes, PAN number was asked..

 

[knightknight]

haha okay. I will try and see.

 

[Lalit]

Do they charge dcc fees on klook too?

 

[Quiksilver27]

Do they charge dcc fees on klook too?

Yes I was charged DCC on Klook

 

[Kanjoos]

Folks I need to book Airbnb worth 4000 Pounds. I have Atlas which charges 3.5% + GST for foreign transactions and Infinia as well. Which card do you suggest?

 

[dealmoto]

Best card to use in klook ? Olympus, Infinia, HSBC premier, Times Black, atlas ? Appreciate any suggestion

 

[Ash8]

Best card to use in klook ? Olympus, Infinia, HSBC premier, Times Black, atlas ? Appreciate any suggestion

You can use a card which has the maximum base rewards subtracting any DCC charged by the card. People generally use SBI cashback card to get 5% as there are no DCC charges levied by SBI. I don't know Olympus's base reward rate and DCC but it might be the best in your listed cards.

 

[knightknight]

> Folks I need to book Airbnb worth 4000 Pounds. I have Atlas which charges 3.5% + GST for foreign transactions and Infinia as well. Which card do you suggest?

Btw, I got 5x points on international using atlas, you can try a smaller transaction (The payment portal was razorpay and it's also asked for PAN number). But not sure if every airbnb will get it or not.

 

[Half Human]

For Atlas , the Dynamic Currency Conversion (DCC) markup fee is 1.5% plus taxes for international transactions performed in Indian currency at an international location or with merchants located in India but registered in a foreign nation

so in simple terms.. if u pay in foreign currency like usd aed eur etc you will be charged 3.5% plus gst and if u pay to a foreign company in INR then DCC of 1.5% plus gst

While paying internationally,

in foreign currency -> attracts Foreign currency transaction fee.(3.5%+GST)

in INR -> attracts DCC. Dynamic Currency Conversion.(1.5%+GST)

Both get charged extra depending on the card you have. 🙂

For any international payment on INR, is the DCC charge in addition to the Forex charge?? Or is it only the 1.77% DCC only without any forex?

 

[Quiksilver27]

For any international payment on INR, is the DCC charge in addition to the Forex charge?? Or is it only the 1.77% DCC only without any forex?

For Intl payment in INR you will be charged only DCC

 

[Adith]

Question, I thought forex is better to do than dcc cause conversion rate is too high when done via dcc. Is it wrong?

 

[Ash8]

Question, I thought forex is better to do than dcc cause conversion rate is too high when done via dcc. Is it wrong?

DCC is usually around 1% + GST for most cards and forex rate would be more like around 2% + GST even for very good cards. Therefore DCC is always beneficial when you get reward points.