Planning an international trip involves more than just booking flights and hotels—you also need a smart way to manage expenses abroad. That’s where a forex card comes in. But if you are wondering, “how do forex cards work?” or “what is a forex card and how to use it?”—this guide breaks it down clearly.
Think of a forex card, or, as it is popularly known, a travel card, as your all-in-one international wallet. It’s safer than cash, cheaper than credit cards, and just perfect for travel.
What Is a Forex Card?
A forex card is a prepaid travel card that you can load with foreign currency before your trip. It works just like a debit card abroad—swipe it at stores, use it at ATMs or pay for services online. The card locks in the exchange rate when you load it, helping you avoid rate fluctuations later.
There are two types:
- Single-Currency Forex Card: Holds one foreign currency (e.g., USD, EUR, GBP, Dinar)
- Multi-Currency Forex Card: Holds multiple currencies on the same card—ideal for multiple-country trips
How Do Forex Cards Work?
The process is simple—from getting the card to using it while traveling.
| Step | What Happens |
| Apply for a Card | Order online through Multimoney Forex after completing the process |
| Load the Card | Choose a currency (or currencies) and load the card before you travel |
| Use Like a Debit Card | Swipe, tap, or enter card details at international stores or websites |
| Withdraw Cash if Needed | Withdraw money from ATMs abroad in local currency |
| Track and Reload | Monitor spending and reload through an app or portal |
Benefits of Using a Forex Card
Still thinking about carrying cash or using your credit card abroad? Here’s why a forex card might be a better option:
| Feature | Forex Card | Credit Card | Cash |
| Locked Exchange Rate | Yes | No | Yes (at purchase) |
| ATM Withdrawal | Low fees | High international fees | Not applicable |
| Security (Loss/Theft) | PIN Protected & Blockable | PIN Protected | High risk |
| Acceptance Abroad | High | High | Limited |
| Reloadable | Yes | No | No |
FAQ’s
1. Can I withdraw money from a forex card?
Yes, you can withdraw cash in local currency at any international ATM. Just keep in mind the withdrawal fee per transaction (usually ₹100–200).
2. Can I use someone else’s forex card?
No. As per RBI guidelines, forex cards are non-transferable. Only the registered traveler can use it.
3. How long does it take to get a forex card?
With Multimoney Forex, you can often receive the card the same day & doorstep delivery if you complete your KYC early and are in a major city.
4. Can I use forex cards for online shopping abroad?
Yes. You can use them for international websites that accept Visa or Mastercard. Perfect for booking hotels or local experiences.
Why Choose a Forex Card from Multimoney Forex?
- RBI-authorized AD-|| Dealer forex provider
- 21+ Years Of Experience
- Live rates and minimal markup
- 30+ serviceable cities in India
- 24×7 customer assistance
- Easy reload and refund options
- Doorstep delivery of foreign currency & forex cards
- 2.5+ million satisfied customers
Final Say
Understanding how forex cards work makes international travel easier and more secure. Whether you’re a student, tourist, or business traveler, a forex card from Multimoney Forex gives you better control over your money abroad, without the surprise fees or rate shocks of credit cards.
Skip the airport queues, avoid hidden charges and enjoy convenient international spending.
Ready to get started? Apply for your forex card at www.multimoney.co.in