0% Forex Markup Credit Cards in India (2026)
Stop losing 4.13% on overseas trips, hotel bookings, and foreign SaaS subscriptions. Compare verified 0-Forex cards with zero markup and zero GST conversion drag.
Foreign Currency Markup & 0-Forex Savings Calculator
Calculate the hidden 3.5% + 18% GST markup you lose on foreign trips and international software subscriptions.
3.5% base fee + 18% GST (effective 4.13% loss) charged by HDFC Millennia, SBI, ICICI, Axis.
2.0% base fee + 18% GST (effective 2.36% loss) charged by Regalia Gold, Infinia, Tata Neu Infinity.
Zero markup, zero GST drag on currency conversions. Exact interbank rate applied.
Top Verified 0-Forex Credit Cards in India (2026)
MAYURA METAL
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WORLD SAFARI
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SCAPIA
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IXIGO AU
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Forex Markup Rates Across All 20 Tracked Credit Cards
Source-verified markup percentages and effective GST drag per ₹1,00,000 spend.
| Credit Card | Forex Markup | Effective Rate (incl. 18% GST) | Loss per ₹1 Lakh Foreign Spend | Annual Fee |
|---|---|---|---|---|
| HDFC Bank Millennia Credit Card HDFC Bank | 3.5% | 4.13% | -₹4,130 | ₹1000/yr |
| HDFC Bank Regalia Gold Credit Card HDFC Bank | 2% | 2.36% | -₹2,360 | ₹2500/yr |
| Tata Neu Infinity HDFC Bank Credit Card HDFC Bank | 2% | 2.36% | -₹2,360 | ₹1499/yr |
| Cashback SBI Card State Bank of India | 3.5% | 4.13% | -₹4,130 | ₹999/yr |
| Amazon Pay ICICI Bank Credit Card ICICI Bank | 3.5% | 4.13% | -₹4,130 | Lifetime Free |
| Airtel Axis Bank Credit Card Axis Bank | 3.5% | 4.13% | -₹4,130 | ₹500/yr |
| Axis Bank ACE Credit Card Axis Bank | 3.5% | 4.13% | -₹4,130 | ₹499/yr |
| IDFC FIRST Mayura Metal Credit Card IDFC FIRST Bank | 0% | 0.00% | ₹0 (Zero Loss) | ₹5999/yr |
| RBL Bank World Safari Credit Card RBL Bank | 0% | 0.00% | ₹0 (Zero Loss) | ₹3000/yr |
| Scapia Federal Bank Credit Card Federal Bank | 0% | 0.00% | ₹0 (Zero Loss) | Lifetime Free |
| ixigo AU Small Finance Bank Credit Card AU Small Finance Bank | 0% | 0.00% | ₹0 (Zero Loss) | ₹999/yr |
| SimplyCLICK SBI Card State Bank of India | 3.5% | 4.13% | -₹4,130 | ₹499/yr |
| OneCard Metal Credit Card OneCard (Federal / SBM / CSB / Indian Bank) | 1% | 1.18% | -₹1,180 | Lifetime Free |
| IDFC FIRST Classic Credit Card IDFC FIRST Bank | 3.5% | 4.13% | -₹4,130 | Lifetime Free |
| SBI Card PRIME State Bank of India | 3.5% | 4.13% | -₹4,130 | ₹2999/yr |
| ICICI Bank Coral RuPay Credit Card ICICI Bank | 3.5% | 4.13% | -₹4,130 | ₹500/yr |
| Axis Bank Atlas Credit Card Axis Bank | 3.5% | 4.13% | -₹4,130 | ₹5000/yr |
| Kotak League Platinum Credit Card Kotak Mahindra Bank | 3.5% | 4.13% | -₹4,130 | ₹500/yr |
| ICICI Bank Rubyx Credit Card ICICI Bank | 3.5% | 4.13% | -₹4,130 | ₹2000/yr |
| HDFC Bank Infinia Metal Edition HDFC Bank | 2% | 2.36% | -₹2,360 | ₹12500/yr |
Foreign Currency & Forex Markup FAQ
How is foreign currency markup calculated on Indian credit cards?
When you make an international transaction (in USD, EUR, GBP, AED, THB, etc.), your card issuer converts the amount to INR using the network exchange rate (Visa/Mastercard) and levies a foreign currency markup fee (typically 3.5%). In addition, 18% GST is charged on this markup fee, resulting in an effective 4.13% surcharge over the interbank exchange rate.
What is Dynamic Currency Conversion (DCC) and why should you avoid it?
Dynamic Currency Conversion (DCC) occurs when an overseas POS merchant or foreign website offers to bill you directly in INR instead of local currency. DCC exchange rates carry inflated markups of 5% to 8%. Always select the local destination currency (e.g. USD in the US, EUR in Europe, THB in Thailand) to avoid DCC charges.
Do 0-Forex credit cards charge any hidden conversion markup?
Cards we hold a verified 0% markup for (IDFC FIRST Mayura Metal Credit Card, RBL Bank World Safari Credit Card, Scapia Federal Bank Credit Card, ixigo AU Small Finance Bank Credit Card) charge no conversion markup over the network wholesale exchange rate, so no GST arises on a markup fee. Always check the card's current MITC before relying on this.
Do international online software subscriptions (ChatGPT, Midjourney, Netflix US) attract forex markup?
Yes. Any transaction billed by an overseas entity in foreign currency attracts the standard 3.5% + 18% GST markup on regular bank cards. Using a 0-Forex card eliminates this fee completely.