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.

 

[NeerajNegi]

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

what about wow card idfc ? if we do cc as debit card don't provide rewards , I spent 3 Lakh in foreign transaction for 2 Months trip

 

[TheMentalist]

what about wow card idfc ? if we do cc as debit card don't provide rewards , I spent 3 Lakh in foreign transaction for 2 Months trip

No idea about WoW IDFC card

 

[NeerajNegi]

No idea about WoW IDFC card

fd based credit card with 0 fx charge

 

[hs23]

"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) Niyo Global Debit Card: https://www.goniyo.com/global/

• Zero balance account
• No issuance & annual fee
• But initial funding of 5000 INR is required for the delivery of the physical card. One can withdraw the same afterward.
• partnered with SBM Bank India

2) 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

3) Finin Money Debit Card: https://finin.in/

• Zero balance account (supposedly)
• Very new in the Neo Banking segment, so there is little data available.
• Partnered with SBM Bank India

4) Hop Money Debit Card: https://www.moneyhop.co/

• Zero balance account (supposedly)
• No issuance & annual fee
• Very new Neo Bank, not much data available
• partnered with SBM Bank India

5) 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

6) 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

7) 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

8) 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

9) 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.

Only 2 cards with no international Atm charges?
Indusind Indie Megastar
Indusind Exclusive

 

[Gautam3]

I am going to purchase products from UK site and will deliver to person who live in UK.

please suggest which card will be best and with no extra fees/charges?

 

[hritiksakshi]

apart from indusind ones, which card allows free atm withdrawals?

 

[NeerajNegi]

apart from indusind ones, which card allows free atm withdrawals?

niyo sbm ,.........

 

[coolguy1]

Instead of a debit card, if you go with Scapia credit card, it offers zero forex and on top of that will get you unlimited lounge access.

 

[NeerajNegi]

Instead of a debit card, if you go with Scapia credit card, it offers zero forex and on top of that will get you unlimited lounge access.

The thread is for debit card, I also suggested some more but it look some people want instant access and not everyone eligible for scapia

 

[lostwords]

The thread is for debit card, I also suggested some more but it look some people want instant access and not everyone eligible for scapia

Yes appropriate. This thread is specifically for zero forex debit cards and nothing else.

 

[vijaykumarm]

Signature Plus Debit Card - You can apply once you have a savings account with RBL. Even an online account would be eligible for this card. By default, you will be issued an online debit card or a physical debit card. You can upgrade it to Signature Plus Debit Card.
Issuance Fee - 5000+GST = 5900
Debit Card Joining benefits = Vouchers worth 5000. You can choose from different vouchers. I chose 2500 Mantra and 2500 BPCL. Practically you are paying 900 for this card.
Renewal Fee - 1500+GST = 1770. This can be waived if you use the card for 300000 in a year.

I am using this card to make credit card payments @ PayZapp hoping these will be considered for the annual fee waiver. I will keep this thread posted if it is accounted for annual fee waiver.

Cashback:

• 1% Cash Back as vouchers on spends above INR 10,000 per month^
• Cash vouchers worth of INR 5,000 on spends (INR 5 lakhs per year)

note:^Maximum cash back as vouchers of INR 1,000 in a month
*Spends means transactions done on POS/Online through Signature+ Debit card.

 

[Cc_creditguy]

I have doubt regarding niyo bank it's a fd amount or a amount that need to be in an account to get this card and then can we able to change the address of the niyo bank ??

 

[ChurningNoob]

NiyoX has started charging 500 per ATM withdrawal, its quite expensive.

 

[Basil Baby0729]

Is fi debit card free??? They also introduced some schemes right. For normal account holders Fi debit card is chargeable right?

 

[lostwords]

Is fi debit card free??? They also introduced some schemes right. For normal account holders Fi debit card is chargeable right?

yes, Fi is no longer a Zero Forex debit card unless you upgrade to Plus/Infinite.
And they levy annual charges on debit cards for Plus/Standard customers.
Kindly refer to this https://fi.money/fees#:~:text=for account maintenance.-,Visa Platinum Debit Card,-Salary/Infinite:

 

[althafvly]

@lostwords Finin Money seems to be down. Site link is redirecting to godaddy. Would be better to remove it from list.

 

[lostwords]

@lostwords Finin Money seems to be down. Site link is redirecting to godaddy. Would be better to remove it from list.

yes, you're right, a lot has been changed since I posted this thread. I'm planning to update the list with new inclusions.

 

[Hemang]

fir final kya hua hai bhaiyo, konsa sabse acha debit card hai international spends ke liye ?

 

[justsree]

Yes First Debit Card also offers ZERO forex fee

 

[lostwords]

Yes First Debit Card also offers ZERO forex fee

5 lakhs of initial deposit required for Yes First Banking. Not that great.