Forex
Kotak Forex Card
- Joining fee
₹250 + GST
- Best suited for
International Spends
Benefits
- Travel
Available in 13 currencies
- Insurance
Complimentary Travel Insurance
Fees & charges
- Foreign currency markup
Zero
- Cash advance charges
USD 2
Product highlights
- The card is a prepaid Forex card on the Visa network, making it widely acceptable.
- It is a secured card with a chip and sends SMS alerts for every transaction.
Pros & cons
Pros
- Supports up to 13 different currencies
- Easy to reload and is accepted worldwide
- 24/7 global assistance from Visa
- Easily replaceable worldwide
- Comes with complimentary insurance benefits
Cons
- No reward points on spends made
- Currency Exchange markup fee of 3.5%
FAQs
What is the validity of the Kotak Forex Card?
The Kotak Forex Card is valid for 5 years.
How soon can the card be used after purchase?
The card will be active with the loaded currencies within 24 hours of the bank receiving the funds.
Can I use my Forex Card worldwide?
Forex Card will work worldwide, except Iran, North Korea, Cuba, Syria, the Crimea region, Afghanistan, Venezuela, India, Nepal, Bhutan, and Myanmar (Burma).
Can I reload my Kotak Forex Card online?
Yes, you can reload your Kotak Forex Card online using your NetBanking account or by visiting a Kotak Mahindra branch with a fee of ₹75.
Can I use the card for online transactions?
Yes, the Kotak Forex Card can be used for online purchases, just like a regular debit or credit card, anywhere Visa is accepted.