If you frequently travel abroad, you’ve probably noticed that most credit cards charge a forex markup fee of 2% to 3.5% on every international transaction. This small percentage can add up quickly when you’re spending on flights, hotels, dining, or shopping overseas.
That’s where zero forex markup credit cards come in. These cards let you make international transactions without paying extra charges, making them one of the best options for frequent flyers, international students, and online shoppers who buy from global websites.
What Is Forex Markup Fee?
The foreign exchange markup fee is an additional charge levied by banks whenever you use your credit card in a foreign currency.
- Example: If you spend $1,000 (₹83,000 approx), a 3.5% forex fee means you’ll pay an extra ₹2,900+ in fees.
- With a zero forex markup card, you save this amount completely.
Benefits of Zero Forex Markup Credit Cards
- Save Big on International Transactions – No 2-3.5% fee on every swipe.
- Great for Frequent Travelers – Ideal for those who fly abroad often.
- Better Value on Global E-Commerce – Shop from Amazon US, Apple, or other international platforms without extra charges.
- Airport Privileges – Most zero forex markup cards also offer lounge access, golf benefits, and travel insurance.
- Reward Points & Cashback – Earn rewards on your international spends while avoiding markup fees.
Best Zero Forex Markup Credit Cards in India (2025)
1. Axis Bank Reserve Credit Card
- Forex Markup Fee: 1.5% only (lowest among premium cards)
- Benefits: Unlimited domestic & international lounge access, hotel memberships, golf privileges.
- Best For: High-net-worth individuals & frequent business travelers.
2. YES Private Credit Card
- Forex Markup Fee: 0.5% (practically zero)
- Benefits: Unlimited lounge access, VIP airport services, luxury hotel privileges.
- Best For: International travelers & ultra-premium segment.
3. IDFC FIRST Private Credit Card
- Forex Markup Fee: 0%
- Benefits: Unlimited lounge access, golf lessons, hotel benefits, high rewards on international spends.
- Best For: Frequent international travelers looking for true zero forex charges.
4. HDFC Infinia Credit Card (Metal Edition)
- Forex Markup Fee: 2% (lower than most regular cards).
- Benefits: 10X rewards via SmartBuy, unlimited lounge access, Club Marriott membership.
- Best For: HDFC Preferred/Invite-only customers who travel frequently.
5. Axis Bank Magnus for Burgundy
- Forex Markup Fee: 2%
- Benefits: Complimentary international lounge access, 35X rewards on travel spends, meet-and-greet services.
- Best For: Premium travelers seeking high rewards on international transactions.
Who Should Apply for a Zero Forex Markup Card?
- Frequent international business travelers
- Students studying abroad
- People shopping often on global e-commerce websites
- High spenders looking for luxury lifestyle perks
Things to Keep in Mind
- These cards usually come with high annual fees (₹10,000–₹60,000).
- Some are invite-only (like HDFC Infinia, YES Private).
- Always compare benefits (rewards, lounge access, hotel memberships) before choosing.
- If you travel only once a year, a regular card may be more cost-effective.
Final Thoughts
A zero forex markup credit card can save you thousands every year on international spends. If you are a frequent traveler or shop online from international platforms, these cards are worth considering. While the annual fees are high, the savings on forex charges + luxury perks can easily justify the cost.
Looking for the best credit card for your travel needs? Check our list of Best Premium Credit Cards in India 2025