Zero Markup/Forex Fee Debit Cards

[lostwords]

"0" Zero was invented in India.
So when we say Zero Markup fee Debit Cards that are available in India we should stick to Pure Zero Forex Fee Debit Cards without diverting to 1%, 1.5%, or 2% cards.

So here is the curated list of Debit Cards with Zero Markup/Forex Fee along with eligibility criteria >>>

1) Fi Money Debit Card: https://fi.money/FAQs/debit-card

• Zero balance account
• Available only for Working Professionals
• No issuance & annual fee
• Partnered with Federal Bank

2) NiyoX Debit Card: https://www.goniyo.com/niyox-equitas/

• Zero balance account
• Issuance fee 199+GST, Annual fee 199+GST
• Partnered with Equitas Small Finance Bank
• Difference between Niyo Global & Niyox: https://community.goniyo.com/t/difference-between-niyox-and-niyo-sbm/10365/2

3) RBL Bank Signature+ Debit Card: https://www.rblbank.com/convenience-banking/cards/debit-cards/signature-plus-debit-card

• Eligibility: No data available
• Issuance fee: No Data, Annual fee: 1500+GST

4) Indusind Bank VISA Signature Exclusive Debit Card: https://www.indusind.com/in/en/personal/cards/debit-card/signature-exclusive-visa-debit-card.html

• Eligibility: Indus Exclusive Savings Account with AQB 1L or 2L (varies with location)
• No Issuance & Annual fee with Indus Exclusive Savings Account

5) Indusind Bank World Exclusive Debit Card: https://www.indusind.com/in/en/personal/cards/debit-card/world-exclusive-debit-card.html

• Eligibility: Indus Exclusive Savings Account with AQB 1L or 2L (varies with location)
• No Issuance & Annual fee with Indus Exclusive Savings Account

6) Indusind Bank Pioneer Infinite Debit Card: https://www.indusind.com/in/en/personal/cards/debit-card/pioneer-world-debit-card.html

• Eligibility: PIONEER Savings Account with AQB 10 Lacs
• No Issuance & Annual fee with PIONEER Savings Account

This is not the end of the list, I know there may be more Debit Cards with Zero Markup/Forex Fee features, which I don't know.
Thus, I request you all to give your input and make this thread a one-stop solution for people looking for a Zero Markup/Forex Fee Debit Card.

 

[bbiswas]

I think, Niyo Global Card with DCB Bank is the best: https://www.goniyo.com/niyodcb/

 

[ashwink]

Niyo X no joining fee applicable only AMC that too waved off if your mab is above 1000 every month / year 😉

 

[ashwink]

Trip money global card

 

[lostwords]

Trip money is a credit card right?

 

[007]

I think, Niyo Global Card with DCB Bank is the best: https://www.goniyo.com/niyodcb/

This isn't issued anymore. Niyo Global in partnership with SBM Bank is issued instead.

 

[007]

Trip money global card

This isn't a debit card, right?

 

[rjsudeep]

NiyoX has no annual fees AFAIK. Been using it over a year now, no charges levied. Equitas Small Finance Bank Visa Signature Variant.

 

[ashwink]

Trip money is a credit card right?

This isn't a debit card, right?

Haan card BIN is a credit cards but without credit limit we have to add money to the wallet.

 

[007]

Haan card BIN is a credit cards but without credit limit we have to add money to the wallet.

No it shows in CIBIL too, as reported by some members.
Refer these:

Incorrect Inquiry by SBM Bank

I have a credit enquiry from SBMBKINDIA, but I have never availed a loan/BNPL from SBM Bank. I raised a dispute on CIBIL, but they asked me to contact the bank, which I did, to no avail. What should I do now?

www.technofino.in

Incorrect Inquiry by SBM Bank

I have a credit enquiry from SBMBKINDIA, but I have never availed a loan/BNPL from SBM Bank. I raised a dispute on CIBIL, but they asked me to contact the bank, which I did, to no avail. What should I do now?

www.technofino.in

 

[ashwink]

No it shows in CIBIL too, as reported by some members.
Refer these:

Incorrect Inquiry by SBM Bank

I have a credit enquiry from SBMBKINDIA, but I have never availed a loan/BNPL from SBM Bank. I raised a dispute on CIBIL, but they asked me to contact the bank, which I did, to no avail. What should I do now?

www.technofino.in

Incorrect Inquiry by SBM Bank

I have a credit enquiry from SBMBKINDIA, but I have never availed a loan/BNPL from SBM Bank. I raised a dispute on CIBIL, but they asked me to contact the bank, which I did, to no avail. What should I do now?

www.technofino.in

For me too have this added in cibil with 0 limit in app also no limit available..

 

[TheMentalist]

Jupiter card also gives Zero FX markup upto 25k pm

 

[lostwords]

Jupiter card also gives Zero FX markup upto 25k pm

10k INR MAB is required for that zero forex markup fee feature.

 

[ashwink]

10k INR MAB is required for that zero forex markup fee feature.

Yeah right.

 

[lostwords]

I hate when these companies start their business by saying Zero Forex Markup Fee and after being popular start segmenting their product into different categories and preserve their USP feature for higher value customers.
That's the reason I didn't mention Jupiter in that list. They are even trying to roll out paid membership feature in their app. I don't find any logic behind that.

"Yeh sab doglapan hai....."

Hopefully, more neo banks will emerge with efficient strategies & better ROI which will pose serious competition for existing banks as well.

 

[rjsudeep]

I hate when these companies start their business by saying Zero Forex Markup Fee and after being popular start segmenting their product into different categories and preserve their USP feature for higher value customers.
That's the reason I didn't mention Jupiter in that list. They are even trying to roll out paid membership feature in their app. I don't find any logic behind that.

"Yeh sab doglapan hai....."

Hopefully, more neo banks will emerge with efficient strategies & better ROI which will pose serious competition for existing banks as well.

Jupiter used to be good at the start, but now they constantly keep changing the product features, which makes it a mess to deal with.

 

[TheMentalist]

If you can manage to earn their 250rs monthly rewards, then maintaining 10k bal isn't a big deal as it is infact giving a 2.5% monthly return on bal
I basically pay my CC bills using Jupiter, so it's a pretty good option for me

 

[rjsudeep]

If you can manage to earn their 250rs monthly rewards, then maintaining 10k bal isn't a big deal as it is infact giving a 2.5% monthly return on bal
I basically pay my CC bills using Jupiter, so it's a pretty good option for me

I don't get that cashback for cc bill payments. How do you manage that!

 

[ChurningNoob]

I think, Niyo Global Card with DCB Bank is the best: https://www.goniyo.com/niyodcb/

What is the difference between NiyoX and NiyoDCB?

Also, any idea difference between Indusind World Exclusive and Signature exclusive? @lostwords

 

[vgarg]

Does he have any argument which is in favour of fi on niyo?