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IndusInd Bank Multi-Currency Travel Card

The IndusInd Bank Multi-Currency Travel Card offers international travelers a convenient prepaid forex card for their overseas journeys. To use this card for transactions, it must first be loaded with funds in one of the 14 supported currencies since it is a multi-currency card. Unlike credit cards, this card provides the benefit of not incurring any mark-up fees on foreign currency transactions conducted using the card, specifically in the currency loaded onto the card.

Key Highlights of IndusInd Bank Multi-Currency Travel Card

  • The card can be loaded with 14 different currencies, including USD, Euro, Dirham, and more.
  • It is accepted globally at all international merchants that accept Visa credit/debit cards.
  • Provides a Rs. 150 discount on card issuance charges when you load a minimum currency equivalent to Rs. 50,000.
  • Provides discounts of up to Rs. 3,000 on experiences, sightseeing, and activities when you reload the card.
  • Offers free airport transfer services valued at up to Rs. 1,000.
  • Offers air accident cover of Rs. 10 lakh and fraudulent usage cover of Rs. 2 lakhs, along with other travel-related insurance benefits.
  • Can be used for shopping at duty-free stores in international airports across India.

Features and Benefits of IndusInd Bank Multi-Currency Travel Card

The IndusInd Bank Multi-Currency Travel Card offers several features and benefits:

1. Welcome Benefit:

  • Receive a Rs. 150 discount on the card issuance fee when you load a minimum of Rs. 50,000 onto the card.

2. Travel Benefits:

  • Load the card in 14 widely used international currencies, including USD, GBP, EUR, and AED.
  • Enjoy discounts of up to Rs. 1,000 on airport rides.
  • Get discounts of up to Rs. 3,000 on experiences, sightseeing, and activities when reloading the card.

3. Insurance Benefits:

Comprehensive insurance coverage is included with your IndusInd Multi-Currency Travel Card:

  • Air accident coverage up to 10 lakh INR
  • Loss of checked baggage coverage up to 50,000 INR
  • Loss of passport coverage up to 20,000 INR
  • Purchase protection coverage up to 1 lakh INR
  • ATM assault coverage up to 50,000 INR
  • Fraudulent charges cover up to 2 lakh INR

IndusInd Bank Multi-Currency Travel Card Fees and Charges

Explore the fee structure for the IndusInd Bank Multi-Currency Travel Card and discover the financial advantages that come with it.

  1. Initial Issuance Fee: An initial fee of Rs. 300 (plus GST) is charged when the card is issued.
  2. Annual Fee: There is no annual fee payable once the card is issued.
  3. Reloading Fee: A reloading fee of Rs. 100 is charged each time the card is reloaded.
  4. Foreign Currency Transactions: No foreign currency mark-up fee is applied to transactions made in the currency loaded on the card.
  5. Cross-Currency Transactions: For transactions made in a currency different from the one loaded on the card, a cross-currency mark-up fee of 3.5% of the transaction amount is levied.
  6. Cash Advance: A cash advance charge of 1% of the transaction amount is applicable for cash withdrawals.
  7. ATM Withdrawal Fee: When obtaining a cash advance from ATMs, a fee of USD 2 is charged per withdrawal.

Documents Required for IndusInd Bank Multi-Currency Travel Card

To apply for the IndusInd Bank Multi-Currency Travel Card, you will typically need to provide the following documents:

  1. When applying for the card, it is essential to provide copies of your passport, including the visa page.
  2. Additionally, you must include copies of your air tickets as part of the application process.
  3. Ensure that all required documents are submitted without any duplication to complete your application successfully.

How To Apply for IndusInd Bank Multi-Currency Travel Card?

Follow these steps to apply for the IndusInd Bank Multi-Currency Travel Card:

  1. To obtain an IndusInd Bank Multi-Currency Travel Card, you should start by visiting the official card application page online.
  2. On the application page, you’ll need to fill out an application form.
  3. Along with the application form, you must submit copies of your passport, including the visa, and your air tickets.
  4. After successfully applying and providing the necessary documentation, the card can be activated once you load it with funds for the first time.

Frequently Asked Questions (FAQs)

1. What is the IndusInd Bank Multi-Currency Travel Card?

The IndusInd Bank Multi-Currency Travel Card is a prepaid travel card that allows you to load multiple foreign currencies onto a single card, making it convenient for international travel.

2. How can I apply for the IndusInd Bank Multi-Currency Travel Card?

You can apply for the card online by visiting the official card application page and submitting an application form along with required documents.

3. What documents do I need to provide when applying for the travel card?

You will typically need to submit copies of your passport (with visa) and air tickets along with the application form.

4. Is there an activation process for the card?

Yes, the card is activated once you load it with funds for the first time.

5. What currencies can I load onto the Multi-Currency Travel Card?

You can load multiple foreign currencies onto the card, allowing you to use it in various countries.

6. Are there any transaction fees when using the card abroad?

Depending on the terms and conditions, there may be certain fees associated with international transactions. It’s essential to check the card’s fee structure.

7. Can I reload the card while traveling?

Yes, you can typically reload the card online or at designated banking locations while you are abroad.

8. Is there a limit to how much I can load onto the card?

The maximum amount you can load onto the card may vary depending on the bank’s policies. Be sure to check with IndusInd Bank for specific limits.

9. What should I do if I lose my Multi-Currency Travel Card?

In case of loss or theft, you should immediately contact IndusInd Bank’s customer support to report it. They can assist in blocking the card and issuing a replacement.

10. Can I use the travel card for online purchases and hotel reservations?

Yes, you can use the card for online transactions, including hotel reservations and other online purchases, wherever it’s accepted.

11. How can I check my card balance and transaction history?

You can typically check your card balance and transaction history online through the bank’s website or mobile app.

12. Is the IndusInd Bank Multi-Currency Travel Card a secure way to carry money while traveling?

Yes, the card is a secure and convenient alternative to carrying cash. It offers features like PIN protection and the ability to block the card if it’s lost or stolen.