HDFC Multicurrency Platinum ForexPlus Chip Card Review

By | March 2, 2021

ForexPlus card is designed by many of the firms out there. But after looking at most of them we found HDFC card as best among all to talk about. This card is designed for frequent travelers, students or individuals wo want to shift abroad.

You can load multiple currencies in a card at a time. The currency conversion rates is also low. HDFC has also provided a video mentoring how to use ForexPlus Card. You can check this video and can get basic idea about its operating.

forexplus card

HDFC Forexplus Card Fees & Charges

Type of FeesAmount
Issuance FeeRs.500+GST
Reload FeeRs.75+GST
Re-issuance of card FeeRs.100+GST

Transaction Charges

CurrencyATM cash withdrawal feeBalance Enquiry FeeDaily Limit for ATM Cash Withdrawal
US Dollar (USD)2.00USDUSD 0.50USD 5000
Euro (EUR)1.50EUREUR 0.50EUR 4700
Swiss Franc 
(CHF )
2.50CHFCHF 0.60CHF 5000
British Pound (GBP)1.00GBPGBP 0.50GBP 4000
Canadian Dollar (CAD)2.00CADCAD 0.50CAD 6600
Australian Dollar (AUD )2.00AUDAUD 0.50AUD 6800
Japanese Yen (JPY) 250.00JPYJPY 60.00JPY 580000
Singapore Dollar (SGD)2.70SGDSGD 0.75SGD 7000
UAE Dirham (AED)7.00AEDAED 2.00AED 18000
Swedish Krona (SEK)15.00SEKSEK 3.50SEK 45000
Hong Kong Dollar (HKD)16.00HKDHKD 4.00HKD 38000
Thailand Baht (THB)63.00THBTHB 16.00THB 178000
South African Rand (ZAR)22.00ZARZAR 5.50ZAR 67000
New Zealand Dollar (NZD)2.50NZDNZD 0.60NZD 7100
Omani Riyal (OMR)0.70OMROMR 0.25OMR 1900
Danish Krone  (DKK)11.00DKKDKK 2.75DKK 35000
Norwegian Krone  (NOK)12.50NOKNOK 3.25NOK 42000
Saudi Riyal (SAR)7.50SARSAR 2.00SAR 18600
Korean Won (KRW)2400KRWKRW 600KRW 5800000
Bahrain Dinar (BHD)0.75BHDBHD 0.20BHD 1800
Qatari Riyal (QAR)7.50QARQAR 1.80QAR 18000
Kuwait Dinar (KWD)0.60KWDKWD0.15KWD 1500

Apply Now

forexplus card

HDFC Forexplus Card Cross Currency Charges

In case if you want to do transaction in a currency different then what is available in the card. The bank will charge cross currency markup of 2% on such transaction.

For cross currency transactions involving wallet to wallet transfers within currencies available on Multicurrency ForexPlus card customer will be charged with 2% cross currency charges.

Also Read
Amex SmartEarn Credit Card Review

HDFC Forexplus Card Eligibility

Any one can apply for forex card. Non-HDFC customers can also apply.

Limit of Amount to be loaded on ForexPlus Cards as per FEMA Guidelines:

USD $250,000 per financial year

You can also use this card for making online payment on all e-commerce. For safety, transaction will be completed after putting OTP or Net banking password.

24X7 Personal Concierge

Here are some of the services provided by our concierge:

  • Hotel Referral and Reservations Assistance
  • Car Rental and Limousine Referral and Reservation Assistance
  • Gift / Flower delivery assistance
  • Medical Service provider referrals and Arrangement towards Hospital Admission
  • Lost passport & lost luggage assistance services
  • Business Meeting / Event planning and referrals and many more

Bottom Line

No doubt it is an amazing card providing lots of features. But keep in mind this is a debit card and not a credit card. Hence some times it becomes expensive to use.

If you’re traveling to a country with a currency that’s not available on the card as you’ll be charged markup fees TWICE, first while loading, next while spending.

If you don’t want burden of this filling, refilling and charges. Then just simply go for credit cards which provides flexible support when it comes to international transaction.

But if you want a forex card with you then first learn everything about them, and then apply for it.

Apply Now

forexplus card


Can I issue Cheque to load the Multicurrency card?

Yes, you can load your Multicurrency card by issuing of cheque against the amount to be loaded. However, the card will be loaded post realisation of the cheque deposited by you. On realization of the funds, the day’s prevailing sale exchange rate will be applicable for loading the card.

Whom should I contact if my Card is lost or stolen?

In case your card gets lost or stolen, all you have to do is call HDFC Bank Phone Banking immediately and report the loss of your card to get it blocked. You can also login in to Prepaid Net Banking and hotlist your card which happens instantly.

What does DCC/ MCC stand for?

DCC stands for Dynamic Currency Conversion whereas MCC stands for Multiple Currency Conversion. DCC / MCC at ATM / POS gives the cardholder an option to initiate a transaction in the currency of his choice. It also assists the cardholder to know the exact transaction value in the currency selected at the time of transaction.

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