BookMyForex Forex Card

The YES Bank Card from BookMyForex, a collaboration between YES Bank and BookMyForex, stands out as one of India's most sought-after Forex Cards. It provides essential services with minimal charges. Enjoy exact interbank rates with no added margin, zero issuance charges, and no fees for reloading or unloading. Manage your card effortlessly through the BookMyForex app, available 24/7. Order online for same-day doorstep delivery. Additional perks include discounts, insurance coverage for lost/stolen cards, and more.

Benefits of BookMyForex Forex Card

The benefits of the BookMyForex Forex Card are as follows:

1. Fixed Interbank Rates: The card offers exact interbank rates with zero added margin, providing users with competitive and fair exchange rates.
2. Multi-Currency Support: Users can load up to 15 different currencies onto the Forex Card, making it versatile for various travel destinations.
3. Stability in Exchange Rates: Unlike INR-based cards, the exchange rates on the Forex card remain fixed, eliminating fluctuations and uncertainties.
4. Free International SIM: Cardholders receive a complimentary international SIM card, enabling unlimited incoming calls and WhatsApp chats while travelling.
5. Digital Booking Process: The card application process is 100% digital and paperless, ensuring a convenient and efficient experience.
6. Same-day Doorstep Delivery: Users benefit from super-fast delivery, with the card delivered to their doorstep on the same day of booking.
7. Zero Issuance and Maintenance Charges: The card comes with no issuance, reload, unloading, or maintenance charges, providing cost-effective usage.
8. Security Features: The Forex card is Chip & Pin secured, ensuring enhanced security for transactions.
9. Emergency Cash Availability: Cardholders have access to emergency cash services across major international cities, enhancing financial security.
10. Free Insurance Cover: The card includes free insurance cover, offering protection against potential losses due to theft or other contingencies.

1. No TCS Without Usage: Users are not required to pay Tax Collected at Source (TCS) unless the card is used for transactions.
2. Digital Top-up: The card can be digitally topped up, providing flexibility and ease of managing funds.
3. Expense Management via App: Users can efficiently manage transactions using the BookMyForex app, ensuring real-time notifications and control over spending.
4. Minimal ATM Fees: The card incurs minimal fees for cash withdrawals at ATMs, adding to the overall cost-effectiveness.

Features of BookMyForex Forex Card

The key features of BookMyForex Forex Card are discussed below:

1. Multi-Currency Support: The card supports up to 14 different currencies, providing users with the flexibility to use the card in various countries without the need for multiple cards.
2. Card Issuance Ease: Applying for the card is straightforward, with an online booking option. No account opening is required, ensuring a quick and hassle-free issuance process.
3. Reload/Unload Process: Users can conveniently reload or unload the card through the website or mobile app, providing flexibility and accessibility for managing their funds.
4. Fees and Charges: The Forex card comes with no annual or inactivity fees, and reloading/unloading is free. While replacement fees are reasonable, a small fee is applicable for ATM cash withdrawals.
5. Withdrawal Limit: The card imposes limits, with a USD 7,500 or equivalent limit for POS/e-commerce/cash advance and a USD 1,000 limit or equivalent for ATM cash withdrawals.
6. Expense Management: The BookMyForex App allows users to efficiently manage expenses, providing real-time transaction notifications and an in-app virtual card for secure online transactions.
7. Replacing a Lost or Stolen Card: The replacement process is straightforward, and the card is insured against lost card liability. Minimal replacement charges ensure a smooth transition in case of a lost or stolen card.
8. Card Security: Along with chip-and-PIN security, the card features an SMS alert system, adding an extra layer of security to protect against unauthorized transactions.

Eligibility for BookMyForex Forex Card

The eligibility for the BookMyForex Forex Card is as follows:

Obtaining a Forex Card is a straightforward process with no stringent eligibility criteria. The primary requirement is to comply with the Liberalized Remittance Scheme (LRS) limit, which stands at 250,000 USD or its equivalent per individual in a financial year. If individuals adhere to this limit, they can apply for a Forex card. This lack of complex eligibility criteria makes Forex cards accessible to a broad range of individuals, simplifying the process for those planning international travel.

Documents Required for BookMyForex Forex Card

To facilitate the application for a Forex Card, certain essential documents need to be submitted. These documents play a crucial role in the verification process and include:

1. Passport: A valid passport is a mandatory document, serving as proof of identity and a crucial requirement for processing a Forex card application.

1. Visa: A valid visa corresponding to the intended travel destination is necessary. This document ensures that the applicant has the required permissions for international travel.
2. Confirmed Air Ticket: Submission of a confirmed air ticket is a vital step, verifying the travel plans and aiding in the smooth processing of the Forex card application.
3. PAN Card Details: Providing details of the Permanent Account Number (PAN) is part of the documentation process. This requirement adds an additional layer of identification and compliance with financial regulations.

Fees and Charges of BookMyForex Forex Card

The table below provides a clear summary of the charges associated with the BookMyForex Multi-Currency Forex Card, aiding users in understanding the cost implications of card usage:

The BookMyForex Multi-Currency Forex Card can be loaded with the following 14 major currencies:

1. United States Dollar (USD) 
2. Great Britain Pound (GBP) 
3. Euro (EUR) 
4. Canadian Dollar (CAD) 
5. Australian Dollar (AUD) 
6. Singapore Dollar (SGD) 
7. Arab Emirates Dirham (AED) 
8. Saudi Riyal (SAR) 
9. Thai Baht (THB) 
10. Swiss Franc (CHF) 
11. Hong Kong Dollars (HKD) 
12. New Zealand Dollar (NZD) 
13. Japanese Yen (JPY) 
14. South African Rand (ZAR) 

How to Apply for a BookMyForex Forex Card

Here is a step-by-step guide on how to apply for the BookMyForex Forex Card: 

1. Step 1: Visit the BookMyForex Official Website: Open your web browser and go to the official website of BookMyForex. 
2. Step 2: Navigate to Forex Card Section: Explore the website to find the section related to Forex Cards.  

1. Step 3: Choose Your Currency Preferences: Select your city, specify the currency you currently have, and choose the currency you desire. This information is crucial for the issuance of the Forex card. 
2. Step 4: Provide Required Details: Enter all the necessary details as prompted by the application form. This may include personal information, contact details, and any additional information required for the Forex card application. 
3. Step 5: Click on 'Book This Offer': Once you've filled in all the required details, look for a button or link that says 'Book This Offer' or a similar call-to-action. Click on it to proceed. 
4. Step 6: Follow Application Instructions: Follow the instructions provided on the website to complete the application process. This may involve additional steps to verify your identity or to confirm the details provided. 
5. Step 7: Review and Confirm: Before finalizing your application, review the details you've entered. Ensure that all the information is accurate. 
6. Step 8: Submit the Application: Once you are satisfied with the information provided, submit your application. 
7. Step 9: Wait for Approval: BookMyForex will process your application. If approved, you will receive confirmation. 
8. Step 10: Delivery of the Card: Upon approval, the BookMyForex Forex Card will be delivered to your specified address. If you applied before 1 PM, you can expect same-day delivery; otherwise, it will be delivered on the next business day. 
9. Step 11: Enjoy Your Forex Card: Once you receive the card, you can start using it for your international travel, taking advantage of its features and benefits. 

How to check your BookMyForex Forex Card Balance

To check the balance on your BookMyForex card, follow these steps: 

1. Step 1: Visit the Card Management Portal. Open your web browser and go to https://cards.bookmyforex.com. 
2. Step 2: Login to Your Account: Enter your passport number in the ‘Customer ID’ field and log in. If it is your first time logging in or if you need to reset your password, you can use the ‘Set/Reset Password’ option. 
3. Step 3: Set/Reset Password (if required): If prompted, follow the steps to set or reset your password. This often involves an OTP verification on your registered phone number. 
4. Step 4: Access Account Dashboard: Once logged in, navigate to your account dashboard. Look for a section that displays your card details and balances. 
5. Step 5: View Currency-Wise Balance: The card management portal should provide you with currency-wise balance information, allowing you to see the available funds for each loaded currency. 
6. Step 6: Check Balance at Visa-Enabled ATM (Optional): Alternatively, you can use a Visa-enabled ATM overseas to check your card balance. Keep in mind that this may incur additional balance inquiry charges, so it's recommended to use the online portal for a free option. 

How to Reload my BookMyForex Forex Card

Here is a step-by-step guide on how to reload your Forex card during your travel through BookMyForex: 

1. Step 1: Visit the Website: Open your web browser and go to www.bookmyforex.com. 

1. Step 2: Navigate to Forex Card Section: Once on the BookMyForex homepage, find and click on the ‘Forex card’ section.  
2. Step 3: Select ‘Reload Forex Card’: Within the Forex card section click on the option ‘Reload Forex Card’. 
3. Step 4: Initiate the Order: Start a new reload order by providing the required details. This may include your card details, the amount you want to reload, and other necessary information. 
4. Step 5: Follow Instructions: Follow the on-screen instructions presented during the order process. Ensure that you carefully input all the required details accurately. 
5. Step 6: Document Submission: Submit any necessary documents as per the compliance requirements. This might include identification documents, depending on the regulations. 
6. Step 7: Make Full Payment: Complete the order by making the full payment for the reload. BookMyForex usually offers secure payment options for your convenience. 
7. Step 8: Confirmation and Compliance Checks: After submitting documents and payment, your reload order will undergo compliance checks. This is to ensure all necessary requirements are met. 
8. Step 9: Wait for Reload: Once all compliance checks are successfully completed, your Forex card will be reloaded. The standard time for this process is within 24 working hours. 
9. Step 10: For BookMyForex Branded Card: If you have a BookMyForex branded card, the reload process is expedited, and your card will be reloaded within 12 working hours after document submission and payment receipt. 

How to change my BookMyForex Forex Card Password

To change your password for your BookMyForex card, follow these steps: 

1. Step 1: Visit the Website: Open your web browser and go to https://cards.bookmyforex.com. 
2. Step 2: Enter Customer ID (Passport Number): In the ‘Customer ID’ field, enter your passport number, and then click on the ‘Login’ button. 
3. Step 3: Access ‘Set/Reset Password’ Link: Once logged in, locate and click on the ‘Set/Reset Password’ link. This is usually provided in the account settings or security section. 
4. Step 4: OTP Verification: You will be prompted to undergo OTP (One-Time Password) verification. The OTP will be sent to the registered phone number associated with your card. 
5. Step 5: Verify OTP: Retrieve the OTP from your registered phone and enter it on the website to complete the verification process. 
6. Step 6: Set New Password: After successful OTP verification, you will be given the option to set a new password. Enter your desired password following any specified requirements or guidelines. 
7. Step 7: Confirmation: Confirm the new password, ensuring it matches the one you entered in the previous step. 
8. Step 8: Save Changes: Click on the ‘Save’ or ‘Update’ button to save the changes and activate your new password. 

Things to consider when applying for a BookMyForex Forex Card

When purchasing a Forex card, it's crucial to be mindful of several factors to ensure a smooth and cost-effective international travel experience. Here are key aspects to watch out for: 

• Charges and Fees: Thoroughly comprehend the fee structure associated with the Forex card. Different providers may have distinct charges, encompassing issuance fees, reload fees, ATM withdrawal fees, and inactivity fees. By understanding and confirming these charges, you can make informed decisions and minimize unnecessary expenses during your trip. 
• Usage Limits: Inquire about the daily spending and withdrawal limits linked to the Forex card. These limitations can fluctuate depending on the specific card and the issuing institution. Being cognizant of these limits empowers you to plan your expenditures effectively, preventing any unexpected inconveniences during your travels. 
• Customer Support: Maintain easy access to the customer support helpline number provided by the Forex card vendor. In situations involving a lost card, fraudulent transactions, or other issues, having a quick and reliable connection to customer support is paramount. Timely communication enables prompt resolution of problems and the implementation of necessary actions to safeguard your financial interests. 
• Insurance Coverage: Scrutinize the insurance policy documents accompanying the Forex card to comprehend the extent of coverage. Many Forex cards come bundled with travel insurance that may include protection for medical emergencies, trip cancellations, and baggage loss. A clear understanding of the insurance benefits enhances your preparedness to tackle unforeseen circumstances, contributing to a more secure and stress-free travel experience.

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