BookMyForex YES Bank Forex Card

Forex Cards play a pivotal role as indispensable financial tools for international travel. Unlike credit cards, these prepaid cards necessitate loading funds prior to usage, facilitating spending in foreign currencies with minimal extra fees. Widely distinguished from credit cards, Forex Cards are distinct in their prepaid nature. Various banks and card issuers in India provide a range of Forex Cards with diverse features. Among them, the BookMyForex YES Bank Forex Card, a collaboration between YES Bank and BookMyForex, stands out as a highly favored option in the country, offering essential services with minimal charges.

Key Highlights of BookMyForex YES Bank Forex Card

  1. Complimentary Forex Card for a lifetime.
  2. Exclusive discounts and offers available in diverse categories such as dining, health, and lifestyle.
  3. No fees for loading, reloading, or unloading.
  4. Enjoy convenient, paperless 24/7 services via the BookMyForex app.
  5. Benefit from a Lost Card Liability Cover valued at Rs. 1.5 lakhs.
  6. Experience zero forex markup fees, enhancing your cost savings.

Features and Benefits of BookMyForex YES Bank Forex Card

The BookMyForex YES Bank Forex Card offers several features and benefits:

1. Welcome Benefits:

  • Receive a Rs. 200 discount on the first transaction via the BookMyForex website with a minimum order size of Rs. 50,000, using promo code ‘NEWTOBMF.’

2. Supports Multiple Currencies: The BMF Yes Bank Card covers 14 major currencies, including USD, GBP, EUR, CAD, SEK, SGD, AUD, JPY, CHF, AED, HKD, SAR, THB, NZD, and ZAR, ensuring convenience for international travel.

3. Management of Card Through BookMyForex App:

  • Easily manage card transactions via the BookMyForex app, enabling/disabling ATM/e-commerce transactions, instant reloading via UPI or internet banking, creation of disposable virtual forex cards, and easy currency conversion.
  • Access additional services such as PIN generation, balance inquiry, instant refunds in INR, real-time spend notifications, transaction filtering and searching, and virtual card management for online transactions.

4. Dining and Lifestyle Benefits:

  • Enjoy discounts and deals on dining and lifestyle purchases globally.
  • Additionally, get a Rs. 200 discount on transactions of Rs. 1,000 or more on EazyDiner.

5. Travel Benefits:

  • Avail a 10% discount on TCI travel package bookings over Rs. 30,000 for domestic and international travel.
  • Exclusive discounts on Avis chauffeur drive bookings in India using the coupon code BMFC35.
  • Benefit from a 10% discount on renting travel-related products on Bragpacker.com.
  • Book accommodations on AmberStudent and receive a £20 discount along with 24/7 free assistance.

6. Insurance Benefits:

  • The BookMyForex YES Bank Prepaid Card provides a lost card liability cover of up to Rs. 1.5 lakhs, ensuring cardholders are not liable for fraudulent transactions if reported in a timely manner.

BookMyForex YES Bank Forex Card Fees and Charges

Explore the fee structure for the BookMyForex YES Bank Forex Card and discover the financial advantages that come with it.

  1. No joining fee is required for obtaining the prepaid card; issuance charges are completely waived.
  2. The cash withdrawal fee on the BookMyForex Forex Card amounts to 2% of the transaction value.
  3. There is no forex markup fee associated with this forex card. The only applicable charges are the interbank charges, with no additional margin.
  4. The Forex card incurs zero fees for loading, reloading, unloading, or inactivity.

Eligibility Criteria for BookMyForex YES Bank Forex Card

Here are essential criteria for applying for an BookMyForex YES Bank Forex Card:

  1. The BookMyForex YES Bank Forex Card application process does not have stringent eligibility criteria.
  2. Any Indian citizen planning international travel is eligible to apply for the card.
  3. The primary requirement is adherence to the LRS limit, set at 250,000 USD per financial year.

Documents Required for BookMyForex YES Bank Forex Card

To apply for the BookMyForex YES Bank Forex Card, you will typically need to provide the following documents:

1. PAN Card Information: Provide details related to your PAN (Permanent Account Number) card.
2. Passport and Visa:

  • Furnish information regarding your passport and visa.
  • Include details such as passport number, expiry date, and visa type.

3. Confirmed Air Ticket:

  • Submit the details of your confirmed air ticket.
  • Include information like the flight number, departure and arrival dates, and ticket confirmation status.

How To Apply for BookMyForex YES Bank Forex Card?

Follow these steps to apply for the BookMyForex YES Bank Forex Card online:

  1. Go to the official BookMyForex website.
  2. Fill in essential information, such as your city, preferred currency for exchange, and any other required details.
  3. Select the ‘Book This Offer’ option.
  4. Follow the subsequent steps to complete the process.

Frequently Asked Questions (FAQs) –

1. What is the BookMyForex YES Bank Forex Card?

The BookMyForex YES Bank Forex Card is a prepaid travel card designed for seamless currency transactions during your international travels.

2. How can I obtain a BookMyForex YES Bank Forex Card?

You can apply for a BookMyForex YES Bank Forex Card online through the BookMyForex website or app. The application process is user-friendly and involves providing necessary personal and travel details.

3. What currencies are available on the BookMyForex YES Bank Forex Card?

The BookMyForex YES Bank Forex Card supports multiple currencies, providing flexibility for international travel. Refer to the official website or customer service for the most up-to-date list of supported currencies.

4. How can I reload funds onto my BookMyForex YES Bank Forex Card?

You can reload your BookMyForex YES Bank Forex Card online through the BookMyForex platform. The process usually involves logging in to your account, selecting the reload option, and specifying the desired amount.

5. Are there any transaction fees associated with the BookMyForex YES Bank Forex Card?

Details regarding transaction fees, including any applicable charges, are typically provided in the terms and conditions. It’s advisable to review these before using the card.

6. How do I check the balance on my BookMyForex YES Bank Forex Card?

You can check the balance on your BookMyForex YES Bank Forex Card through the BookMyForex website, app, or by contacting customer support. Many cards also offer SMS or online alerts for balance inquiries.

7. What should I do if my BookMyForex Forex Card is lost or stolen?

In case of loss or theft, promptly report it to BookMyForex customer support. They will guide you through the process of blocking the card and assist in arranging a replacement.

8. Can I use the BookMyForex Forex Card for online transactions?

Yes, the BookMyForex YES Bank Forex Card is generally designed to be used for online transactions, making it a convenient option for various travel-related expenses.

9. Is the BookMyForex Forex Card widely accepted globally?

The BookMyForex Forex Card is widely accepted at Visa/MasterCard merchant outlets worldwide. However, it’s always advisable to check for card acceptance in specific regions before travel.

10. What is the validity period of the BookMyForex Forex Card?

The validity period of the BookMyForex Forex Card is usually mentioned on the card itself. Ensure to use the card within this period and plan accordingly for any upcoming travels.