Every year, many students from Bangalore struggle to make necessary transactions while they study abroad. This is because of a change in currency. However, having a Forex card can be a lifesaver for them. Now, you might be thinking how? Read this article and know what are the forex cards and their benefits from the best education consultants in Bangalore City.

What is a Forex Card?

A Forex card is a prepaid card issued by the bank. It is designed for travellers or students who move to different countries. It is loaded with multiple currencies and can help you make hassle-free payments in the local currency of the countries. However, it is beneficial for students in multiple ways. Let’s know how.

Benefits of Forex Cards

Forex cards play a crucial role in a study abroad journey because they allow students to make cash-less payments in the local currency while they study abroad. However, there are several benefits of using it. Every student must know them. It will help you to understand its importance.

• It offers ample discounts & rewards.
• A safer way to carry across countries compared to cash.
• Saves students from fluctuations in currency rates.
• Secured way to make payments abroad.
• Accepted globally

Now, you might be thinking of getting 1, but it is not easy because most students get confused about picking the best option. So, let’s ease the task by knowing the types of forex cards.

Types of Forex Cards

There are only two types of Forex cards:

• Single-Currency
• Multi-Currency

However, let’s know about them in detail. It will help you to pick the best option based on your needs.

Single-Currency

It is best for students who wish to study term courses abroad. This is because it allows them to make payments in the selected currency of a particular country. However, it charges low currency exchange charges.

Multi-Currency

It is ideal for students who wish to pursue long-term courses and are curious to explore nearby countries of their study abroad destination. A multi-currency Forex card allows students to make payments in different currencies of diverse countries. However, it has higher currency exchange fees.

Now, you know the types of Forex cards but it is not easy to get one because most students get confused about selecting the best option. So, let’s ease this task by knowing the top Forex prepaid card providers with their services.

A List of Best Forex Card for Students.

There are multiple Forex prepaid card service providers in India. Due to this, many Bangalore students get confused to pick the best one and take guidance from the best education consultants in Bangalore. These experts guide them with the top service providers and their features. However, you should know them. It will help you to select the best one based on your needs.

• Induslnd Bank Multi-Currency Card– It offers transactions in 14 currencies at zero fees. Moreover, students can easily withdraw money from ATMs with this card.
• Niyo Global Forex Card– Allows payments in 130+ Currencies at 0 transaction charges. Moreover, it offers 24×7 chat support via the app.
• HDFC Multi Currency Platinum Forex Card- It is the easy conversion of currencies. It allows payment in 22 currencies with free insurance claims for accident or card misuse.
• HDFC Regalia Forex Plus Card- It accepts 16 currencies. In addition, it includes emergency help services like loss or theft of the card.
• HDFC Bank ISIC Student Forex Plus Card- This card accepts many currencies. In addition, enables online reloading. Moreover, it provides emergency financial support and insurance coverage.
• ICICI Bank Student Forex Card- It offers online support in case of emergency. Moreover, reliable reloading options. Moreover, it offers unique deals and rewards to students for every transaction.
• Axis Bank Forex Card- It offers multiple student discounts in over 16 currencies.
• Book My Forex True Zero Mark-up Forex Card- It offers seamless card management through the app. In addition, it benefits the students with exclusive deals and discount rewards.
• Fly Finance Forex Card– It accepts contactless payments. Due to this, students can make payments more securely.
• Wise Borderless Card- It helps students make easy payments in over 50 currencies at low transfer fees.

Well, now it’s time to highlight some points to pick the best Forex prepaid card.

How to Pick the Best Forex Card?

Students must follow some useful steps to pick the best Forex card. It will help you to get maximum benefits on every transaction made abroad.

• First, understand your requirements.
• Compare the features of all the available options.
• Read the customer reviews before finalizing the best option.
• At last, know about the security aspect in case of loss or theft.

To Sum Up

It is not easy for students to manage their finances abroad due to high living expenses. That’s why the best study abroad agents guide the forex prepaid card as the lifesaver for this problem. This is because it helps students to make payments in multiple currencies. Due to this, they eliminate the headache of carrying the local currency and make necessary payments reliably.