BookMyForex Yes Bank Card is a Multicurrency prepaid card. This card is issued in partnership with BookMyForex and Yes Bank. This card allows you to load and unload Multicurrency within it.
BookMyForex Yes Bank Card Clarification:
BookMyForex Yes Bank Card is a prepaid card. This card gives you the freedom to load money in it. You can load the currency of any country in this card and convert it to the country in which you have loaded the currency.
When you spend the money loaded on this card, you get travel benefits and gift cards on that expenditure.
BookMyForex Card Details
- Card Type: Travel
- Feature: In such cards, you must load the currency of the country you want to go to. When you reach that country, you can spend the money loaded in that country with the help of this card like a debit card. can do
- Fees
- Annual Fees: Nill
- Joining Fees: Nill
- Card Reload Fees: Nill
- Card Unload Fees: Nill
- Cross Currency Fee: 3.5% of Transaction
- ATM Withdraw Fees: 2% Of Transaction Amount
- Card Replacement Fees: Rs.250 In India
- Card Replacement Fees: Rs.3000 Out Of India
- Payment: This card is accepted wherever the Visa network is received.
- Security: With the card you get the feature of PIN security and chip security which doubles the security of this card.
- Card Management: You can manage the card completely through the BookMyForex app. From here you can track your spending, manage your card transactions, Add Funds, etc.
Pros & Cons
Pros:
- Competitive exchange rates: Using this card abroad can prove beneficial for you as BookMyForex claims no markup.
- No hidden fees: The card comes to you with no ongoing fees, annual fees, reload charges, unloading charges and provides transparency into all your travel spends.
- Convenience: This is a card in which you can load currencies of many countries.
- Security: The card provides you with a debit card and credit card PIN security and chip security facility.
- Management: To manage the card, you get the help of BookMyForex with the help of which you can manage your card.
Cons:
- Not a credit card: This is a prepaid card, so you get any kind of limit on it, you have to load money on it to spend.
- Potential ATM withdrawal fees: BookMyForex does not charge you for loading your card but you are charged for withdrawing cash from ATM. This charge depends on the country and payment network.
- Currency conversion fees: There may be a charge for loading currency after adding money, so you should check the charges before adding money.
- Limited emergency cash assistance: Credit cards have higher limits than foreign currency cards.
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Disclaimer:
We have obtained the information about BookMyForex Yes Bank Card from the internet and website. CredBanking will not be responsible if there is any change in the card information.