NIYO vs BookMyForex || NIYO GLOBAL detailed review || Book My Forex detailed review ||

[@finvestomate]

Some additional points: 1. NIYO Debit and Credit Card can be used to get FREE international lounge access at Indian airports. 2. As per reviews, International transactions are banned only for Niyo SBM debit cards. Niyo DCB and Equitas can be used in both - ATM & during online transactions internationally. 3. ATM withdrawal charges for NIYO card(s) are mentioned in first question of FAQ section on this page: goniyo.com/ 4. BMF is taking some Rs.150-250 as service charges for issuing a Prepaid Card. 5. For getting currency notes from BMF card, you will be charged Rs.150/- as service charges + 18% GST of 1% of FOREX value. For example, if you want to get 400 euros cash @ 91rs exchange, then around 36600rs is the total forex value. Extra charges that we pay are 18% of 1% of Rs.36,600/- = Rs.65 + Rs.150/-. 6. Cash withdrawal charges from BMF card varies from country to country. Here is the link for that reference: www.bookmyforex.com/ybl-schedule-of-charges/

[@namann1209]

Please pin this comment. Super helpful content!

[@RsRM6]

Niyo DCB and Niyo Equitas Debit has Annual fees of Rs 199+ GST but no issuance fees.

[@RsRM6]

I have recently seen videos where Niyo Global card was rejected in Mumbai airport for lounge access. Can you confirm on this ?

[@finvestomate]

@@RsRM6 I have personally used this card to get the lounge access in Bengaluru International Airport in June 2023. Not sure about Mumbai airport.

[@adithyarao1975]

​@@finvestomatecan we directly use the card to get longue access without any spends on card or do we need to get a longue pass (to avail the pass it is saying we need to spend rs 50000+ in the month of September).

[@VeryNuclearYT]

Ek no video! Thank you brother!

[@mrankitpopli]

Best video so far. Apt information which one requires. Thank you buddy

[@soumyaarora7415]

I have watched about 20 something videos, read articles and talked to a couple of people on this subject and forex cards in general; and I must emphasise that this is the MOST precise and resourceful content i have come across. It was not overwhelming unlike so many videos on youtube and immediately helped me take a decision of booking a bookmyforex card. It did not even take me 3 minutes to subscribe to your channel! I hope you grow your presence online and keep creating content. Good Luck :)

[@finvestomate]

Thank you very much Soumya. Such support and kind words from my viewers always keeps me motivated!

[@ankushbaweja4579]

If only single currency conversion then Bookmyforex card is fine else Niyo. Further Niyo SBM Debit Card is waste and credit card has FD based limit which is not useful for bigger transactions . Best is to have Niyo Equitas Debit Card. Load INR as per requirement and gives flexibility to spend in multiple currencies.

[@naveendangi5714]

Yeah same here

[@surnigam9951]

Very true, could you guide if book my forex card is better or Scapia?

[@TheFiretiger20]

i see lot of bad reviews for both niyo and bookmyforex cards in app store if sorted by recent.. how is your experience with your forex card? if you could share

[@pranavnambiar1699]

You earned my sub. Will explained detailed video.

[@fgsgfgsg]

Clearly highlighted the pros and cons of both the cards. Great video 👍👍

[@rahulbakhtiani9791]

Answered so many questions at once, thank you so much!

[@dhavalsoni4561]

The most useful informarion in straight forward way. 👍✌️

[@Shizukasuri]

Amazing sidhi baat directly 🎉 good

[@karanmagdum90]

Amazing video! Thank you sir!

[@eclecxsa]

Thanks for sharing such insightful information, this is really very helpful!! It will literally help me as earlier i used Niyo Global Debit in my last trip, which was great but due to such restrictions, i was unsure what to use.

[@Karma_866]

Hey, I just wanted to take a moment and thank you for this amazing information about forex cards. You managed to solve all the doubts I had and weren't biased like other youtubers. Hats off man keep doing the good work.

[@finvestomate]

Glad I could help! Such words are always inspiring! Hope you will find my retirement planning video also useful.. Do have a look :) kzbin.info/www/bejne/naTEl6tjqLKirdUsi=m7rIirj8I4hi2hOc

[@dipikameghani4014]

This helps me choose. Thanks very nice video

[@poonamnarvekar3239]

Very informative video…thank you

[@thecodenecromancer8525]

Best and Clear comparison 🙏

[@TheUdhu]

Thank you so much. Very informative. Answered all my queries

[@finvestomate]

Thank you very much. Please find below link to my latest video, which talks about YOUR RETIREMENT PLANNING. Hope you will like it too! :) kzbin.info/www/bejne/naTEl6tjqLKirdU

[@anilbhatia9718]

crisp and clear...well explained!

[@snehal254]

Thank you so much 😊 this is very helpful

[@For_greater_good]

Thank you. Is there any pure credit card with no mark up instead of doing FDs upfront? Thank you.

[@finvestomate]

Go for HDFC or ICICI forex card. However, those are again prepaid cards like BMF.

[@reddevilblue666]

Hi, Thanks for the informative video. Is there any limit to the number of different Forex cards an individual can use in a financial year? Is BMF card compatible with all banks for seamless loading and unloading of money? Do we need to declare all forex card transactions while making LRS A2 declarations?

[@finvestomate]

Glad you liked it! 1. I don't think so. We do need to make sure that no more than 250000 USD are sent outside of India from our pocket! That is the limit as per LRS. 2. I haven't faced any issue yet with couple of banks. It should be compatible as this is a normal money transfer process. 3. A CA would be best person to answer this

[@Ekchaieksamosa]

The most sensible and only video I found on this topic! Goof job. It would help if you could add the loading/offloading and cash withdrawal charges of both cards

[@finvestomate]

Thank you. Pinned comment has been modified with the suggested additional information as per the feedback!

[@keyurshah9798]

Much needed comparison with pros and cons, thanks a lot for sharing your experience and knowledge! Btw any suggestions for Forex card for Indonesia?

[@finvestomate]

Not sure. I haven't personally visited Indonesia. Buy NIYO should work there.

[@crawlerguys]

Used debit emv master card world, I think some years back from Indian bank, no markup nothing. But now they are charging 3% +18% of that 3%😢

[@SaranyaV-mk3se]

Very nice explanation

[@shyamkumargummalla]

Federal Bank, Scapia credit card is far better than any other card. I am using it.

[@nirmal0074uuu]

Hello, Thanks for the video. In your video you have mentioned that you have kept on addding back to 5000rs in your FD for your Credit Card on ( 03:15 ) same day. Is that possible now ??? I dont see that option.

[@finvestomate]

Glad you liked this video! I didn't keep adding Rs.5,000/- to FD. FD was created once at the beginning. I kept re-paying my NIYO CC bill on the same day, to reset its spending limit to 5 again.

[@nirmal0074uuu]

I am trying to pay the 4500 I spent, but I could not get an option to pay.

[@raviindran7009]

If i choose niyo global card. .should i go with niyo global card by sbm or niyo global card by dcb???

[@finvestomate]

Anything is fine!

[@shekharbiswas782]

After loading dollar in BMF card and spending in dollars, does every online, POS transaction attract extra charges?

[@finvestomate]

No, just make sure to select the local currency on POS machine (i.e. USD and not INR) wherever you are making an expense.

[@kausikghgeol1]

Dear, I will visit to France, Itali, Switzerland, Germany and Austria for 10 days along with transit at Dubai for a day, Which card is suitable for me.

[@finvestomate]

NIYO, BMF for Europe. Scapia will work in Dubai. As per reviews in comments section, NIYO is not working in Dubai. So keep Scapia and BMF to be safe.

[@NileshMaheshwari]

Quick question: how do the currency rates compare between both these cards. I know Niyo has a floating rate whereas BMF as a spot rate. But on average, how much did they vary compared to the rate on something like Google Finance if you happened to notice.

[@finvestomate]

The rates at BMF are lesser compared to ICICI or HDFC forex cards. I have only these cards as a reference point from personal usage point of view.

[@NileshMaheshwari]

@@finvestomate awesome! Thanks for the super quick response! Appreciate it Also, first time I saw your video. Very crisp and helpful format. Will definitely keep coming for more. Kudos 🎉

[@finvestomate]

​@@NileshMaheshwariThanks much Nilesh! Kind & motivating words like these acts as a true motivation for me to keep sharing more useful & relevant content. Do check out my latest video on Retirement Planning and share your feedback - kzbin.info/www/bejne/naTEl6tjqLKirdU Good luck with your upcoming trip!

[@abhishek05425]

Perfect explanation 🎉

[@r4v1ndr4]

I use Thomas Cook Multicurrency card which works fantastic everywhere and has no drawbacks of both these cards.

[@ZeeshanAhmad-kb9re]

Bookmyforex Kya kisko bus 60 days tak reload kiya ja skta hai jab ka travel date start hogya to. Kyun jitni bar message load karna chah raha utni bar mujhe ticket visa passport sab upload karna padta hai. Mera trip 1 year ka to kya bus 60 days tak reload hoga

[@bhasarnunu4294]

I want to withdraw cash in thailand from ATM's. What approach yiu suggest?

[@babydanceforfun.1921]

I'm travelling to Khazakastan and Philippines, dubai Which card should I order

[@finvestomate]

People in comments are suggesting Scapia for Dubai, and you can explore BMF as well.

[@ambreenazad8873]

I want to book the card but does this card too requires myself be present to receive it like the cash? Also I want to load dollars and am going to Uzbekistan in 4 days ? How would I use the card there to get the Uzbeki soms or use the card in the city in general?

[@finvestomate]

Apologies for the late response! Yes, you have to be present in person to collect card and cash. You can use this card in Uzbekistan afaik.

[@ShawnAndr5]

​@@finvestomatewhich card would be the best option for uzbekistan, so i can load the local currency and use it at hotels and restaurants

[@kaifmonis2]

Hey bro... Thank you for your information. One query in Niyo card For FD it is compulsory to Deposit in every month or Only if I need ??

[@finvestomate]

No, you don't need to deposit every month. It is a 1-year FD, where you need to invest just once at the beginning.

[@nishikavarshney700]

Is to good to carry niyo dcb to dubai with loaded money for like 5 lacs ? Also it is safe na ?

[@RsRM6]

Better to use it with Fi Debit Card

[@Ashish.Nerurkar]

Hi, First of all, the information you have provided is amazing and in such simple words. Thank you very much for such an amazing informational video. I just want to know how much time does ot take to load money in MMF card. I heard it takes 24hrs to load money into it. If this is true then it will be difficult if we add less amount initially. I m planning a trip to UAE. It might be difficult if i am outof money and if it takes 24hrs to reload the card. Please let me know.

[@finvestomate]

Thank you very much for your kind and inspiring words! Comments like these are truly motivational for me. Yes, it usually takes this much time to load money in BMF, because every time we are adding money, they are asking docs like visa and passport. I suggest load a good amount in one go. Keep NIYO & some cash as well as a backup. ICICI & HDFC forex cards are also good, however they have a bit higher forex rate than NIYO and BMF. P.s. Do check out my new video on retirement planning. I assure you that is different from all the videos we see related to this topic. kzbin.info/www/bejne/naTEl6tjqLKirdU

[@sumeetmahajan5505]

Do these cards allow to withdraw the unused money after our trip has ended or do they only let us use that money via their card?

[@finvestomate]

NIYO is a credit card. So whatever amount is spent, just pay your bills. In BMF, you need a minimum of 20k INR in your account while unloading your money back to account.

[@vaibhavshitole6637]

If we are outside the india, then can we able to to load money in bookmyforex card? I think it will ask for otp from our indian bank. So how can we load a money from indian bank to forex card from outside of India? Please guide how you were reloading bms card from outside of india

[@finvestomate]

I had my international roaming pack on, and hence was able to receive OTPs to load money or pay CC bills.

[@muhibnazki]

My Indian cards are not accepted on US e-commerce websites. Will Niyo or book my forex card work?

[@finvestomate]

Personally, I have never tried that. However, NIYO is claiming on their site that it can be used to make payments to merchants of international websites too whether you’re abroad or right here in India.

[@kiran10305]

Hi, i am planning to visit Thailand, so is it good option to buy bookmyforex card? Or can you pls some good forex card?

[@finvestomate]

Yes, BMF and NIYO both will be good options

[@dineshnadar5214]

Sir why not a HDFC Bank forex card instead. I already have AMEX and priority pass for lounge access in domestic and international airport. Apart from lounge access is there any specific benefits

[@finvestomate]

Yes, one can opt for HDFC bank forex card as well. I didn't have any forex card at that time, and hence opted NIYO

[@harshadixit6204]

What about atm withdrawal can we withdraw money from these cards while traveling internationally is there any fees?

[@finvestomate]

You may refer pinned comment for this information!

[@roshniverma5112]

Hello! How long does it take to reload the BMF card and for the money to reflect?

[@finvestomate]

Do it via BMF app. It will reflect within 15mins.

[@abish1559]

@@finvestomateany charges will be applied for loading and reloading in BMF

[@amitavabhattacharyya9763]

Bookmyforex looks hands down winner. Just one clarification required. Say I am travelling to Europe and card is loaded with Euro, there would be no markup charges I guess if I carry out a transaction

[@finvestomate]

make sure to select EUR in POS machine. For example, you are in Prague, their local currency in crowns, but they do accept euros too. While doing transaction on POS, select EUR on that, if you have loaded EUR or select Crowns if you have loaded crowns.

[@amitavabhattacharyya9763]

@finvestomate another thing. Is this like a lifetime card. Any non activity fee charged. How do you offload unutilized foreign currency

[@finvestomate]

@@amitavabhattacharyya9763 yes, it is mentioned on BMF website that it is a lifetime free card

[@rajatsingh6518]

I see in Niyo app that they say debit cards can be used for international transactions.. Doesnt that mean it can be swiped outside India? Or is it like only credit card have that facility and debit cards can be only used for ATM witdrawals internationally?

[@finvestomate]

Yes, they claim that debit card can be used for international transactions, however, that is valid for people from other countries. In India, RBI is not allowing to use this debit card for international transactions, and that is where we are left with NIYO CC option only. I am not sure if this debit card can be used for ATM withdrawal internationally or not!

[@rajatsingh6518]

@@finvestomate Bro, I checked with Niyo support through app and they said debit transactions are banned only for SBM debit cards. DCB and Equitas can be used for both atm and online transactions internationally.

[@finvestomate]

@@rajatsingh6518Thank you for sharing this information :)

[@rdx_bro]

what about niyo equitas debit card?

[@rajatsingh6518]

@@rdx_bro they say that we can do international transactions with equitas card as well. Both online and atm withdrawals. Atm withdrawals would be charged.

[@apekshas_side]

BookMyForex card can be used to get FREE international lounge access at Indian airports ?

[@finvestomate]

No, since it is a prepaid forex card, and not a credit card.

[@pankajkumar-ry4zf]

Hello sir good afternoon i am going to Malaysia for the first time for 3-5 years only in Malaysia and i have no sbi debit card but i want to take forex card my limit will not cross more than 7 lakhs per year then which forex card will be better for me please suggest me as Soon as possible.

[@finvestomate]

I have personally used niyo. It is good. But do consider other cards like scapia, hdfc or icici bank forex card, etc.

[@priyamanglik5921]

We have equatis and dcb bank but not sure why people taking sbm debit card as that is mentioned app as well

[@SouravRakshitbabai]

Thank you sir. This video was exactly what I needed. I'm planning to travel at the year end and it would be my first time. So this really cleared all my doubts. But i am still unclear on how to claim the taxes paid at the time of shopping back in India. It would be great if you can tell or point me to a video which can help me in this

[@finvestomate]

Reference video for 3rd point in Tips section: instagram.com/reel/Ct2_5v6suq-

[@SouravRakshitbabai]

@@finvestomate Thank you so much again 😊

[@vardhan.90]

I am going for a 7 day trip to Malaysia next month. Which one do you think will be a better option? Niyo or Bookmyforex card?

[@finvestomate]

I suggest to keep BMF, else in NIYO you will have to keep on repaying your bill to set the limit again to amount against FD.

[@vardhan.90]

@@finvestomate Even on Debit card?

[@finvestomate]

@@vardhan.90 No, not in Debit Card. But NIYO SBM debit card is banned by RBI for international transactions. May be NIYO DCB will work (not sure though)

[@pritishparihar6752]

If I just want to make international transaction in EURO from india then is Niyo DCB debit card is good option ? I feel it will minimal to nil charges i guess, right?

[@finvestomate]

Yes, seems so.

[@cyrus1303]

Thanks for the video but 2 queries I have, which I would like you to help me with: 1. What happens to the unused money if it is a prepaid card? Can I send it back to my savings account? 2. Is Scapia better than BookMyForex? What about cards from ICICI and AXIS?

[@finvestomate]

1. Yes 2. I haven't used Scapia personally, but people in comments sections recommended it to be useful card. I have used ICICI forex as well, but its currency conversion charges are higher.

[@Cogpog]

The bookmyforex card is not available in my city. So niyo global debit card will be a best option among all other forex cards right? Because this is a 10 month old video I think the now the niyo global dcb debit card is accepted for international payments world wide. Please correct me if I'm wrong.

[@finvestomate]

You may be correct, however, personally I have not used niyo dcb. I have Niyo SBM. So it is better to look for some more content on this.

[@TDGwins]

Yes, now both niyo dcb and niyo sbm are allowed to make transactions internationally

[@TDGwins]

You can check the official website of niyo

[@atuljadhav3352]

How to load the bookmyforex card with the other country’s local currency?? Like you gave example of euro, how do you do that from India?

[@finvestomate]

Regret the late reply! BMF website or app has more than 40 currency options to load....

[@vforv2416]

I can book bus or flight ticket from bookmyforex card while I'm in India before my travel starts.?

[@finvestomate]

I don't think so, as this is a prepaid card. Niyo may allow such transactions. However, pl confirm this from other sources though!

[@vforv2416]

@@finvestomate actually I wanted to book Singapore to kuala Lumpur bus or flight ticket from bookmyforex card from India..card is loaded with Singapore dollar but I'm in India now and going to Singapore after a week

[@technotemper]

I have a question ❓ I already have a niyo debit card. I am still trying to understand why I need a credit card if I can directly spend from niyo debit ? Is there a catch?

[@finvestomate]

So NIYO SBM debit card is banned by RBI for international transactions. So, you have to get NIYO SBM credit card. However, NIYO DCB debit card works well internationally. So, in that case you don't need a CC

[@shaleenbansal8103]

Can i withdraw cash from NIYO or bookmyforex card at the airport?

[@finvestomate]

Yes, you may go thru my pinned comment.

[@Gracefulldude]

About Niyo card, for street vendors what do you mean by "they are not accepting" ? is it that the street vendors don't want to swipe or the card does not work

[@finvestomate]

Some didn;t accept and at some POS, the card transaction failed.

[@pranavmhatre5915]

How can we claim tax benefits on international travel. I didn't understand what exactly the 3rd tip means in your video.

[@finvestomate]

Reference video for 3rd point: instagram.com/reel/Ct2_5v6suq-

[@Skybird1994]

What is the daily ATM withdrawal limit using Niyo global credit card? And what is the monthly limit? I mean International withdrawal limit from ATM

[@finvestomate]

You may refer pinned comment for this information. Limit again would be what you set for your NIYO Card, and whatever money you load on BMF card.

[@kunalmandal9671]

Bhai.. does BMF card applicable in Vietnam as local currency is DONG

[@shaleen2110]

Thank you brother. Just one thing, is there any validity date for this bookmyforex card?

[@finvestomate]

You can load money only if you have visa for the country. For unloading, I don't think there is any validity date.

[@4everRanvir]

In forex card me ,international bank se load or unloading fund ho skda hai kya ??? Please

[@finvestomate]

Not sure on this.

[@M4MotoVlogs]

Is the BookMyForex card supported in Taiwan?

[@finvestomate]

No, I couldn't find it.

[@fancydressideas9344]

Thanks for this video.. i couldn't understand, local currency means inr or euro in POS machine if i'm traveling from India to Europe (first tip)

[@finvestomate]

Local currency of the nation you are travelling. For example in Prague, local currency is Crown, however if you will select EUR in POS machine, markup fee will be applicable. Always select CROWN in such a case to avoid that fees

[@CARohitBansal]

Whether the bookmyforex card is visible in cibil report ?

[@finvestomate]

Not sure.

[@rounakmishra9761]

On niyo credit card do we also need to pay visa currency conversion fees?

[@finvestomate]

Niyo doesn't charge any fee. However, do select the local currency of the nation in POS machine.

[@manishperiwal515]

What are the charges for atm withdrawal? And which card would be the best for it, not necessarily from these 2 cards.

[@finvestomate]

Please refer pinned comment for this.

[@tejas4543]

Hi, are there any yearly charges or min. spending limit as such on BMF card.

[@finvestomate]

No, nothing like that. However, to load the money, you need to submit your visa and tickets

[@swagatamkalita8209]

as an international student which card should i use for atm withdrawal, other than these cards

[@finvestomate]

Go for other bank's forex prepaid cards. Those can be used for atm withdrawals.

[@sachinsharma1922]

Hi. Is Niyo DCB Debit card valid in Italy? I mean, it is not banned by RBI right? I will be travelling in Italy only. So should I get book my forex card? I heard that they have this multicurrency card also. Please help

[@finvestomate]

I think DCB debit card is not banned internationally. I got SBM Debit card, that is banned. Yes, NIYO CC will have multi currency option, but if you are travelling only to 1 country, take BMF.

[@bhasarnunu4294]

For thailand, which card is best ? So as to withdraw cash from local atms in thailand

[@finvestomate]

I suggest, keep both NIYO and BMF on a safer side. Cash withdrawal option is possible from both. Charges and other details are mentioned in the pinned comment!

[@ManyuAngrish]

Hey! Can you please confirm if the exchange rates were reasonable/consistent? I read somewhere that these no markup cards have a higher exchange rate by default. Thanks!

[@finvestomate]

just checked exchange rates on NIYO app and BMF portal. They are almost same. Not a significant difference.

[@rachitaagrawal2968]

When you are again adding 4000 ... Any charges applicable?? ( Niyo card)

[@finvestomate]

Nothing.

[@rachitaagrawal2968]

And what if the amount is not fully utilised and left in the card

[@finvestomate]

@@rachitaagrawal2968 That is why pay only what the bill has come for. For example, no point of putting 4k in card, when the bill is only of 3k!

[@ajinkyamasurkar]

@finvestomate Thanks for the most useful video available out there.. I have a query.. you said always select local currency on POS machine to avoid markup fees.. but in one of the comments on your other video on BMF card, you said you had EUR currency in the card and you selected to pay in Turkey's local currency... and there were extra charges involved. So as a bottomline, should we select currency of the card to avoid charges?

[@finvestomate]

So, the first point of selecting a local currency holds true. The second scenario which you mentioned, in that case...I had to pay a markup fees was because I had EUR in my BMF card, and I selected TURKEY currency in POS machine. Now since I had only EUR loaded in BMF, it was the mark up fees that got deducted by BMF to convert the TURKEY Currency to EUR.

[@arindamchaudhuri8479]

​@@finvestomatelocal currency on POS machine..you mean I have to select INR option to pay?

[@finvestomate]

@@arindamchaudhuri8479 no local currency as per the nation you are visiting. For Singapore, select SGD (not INR)

[@arindamchaudhuri8479]

@@finvestomate Thanks, your detailed feedback is extremely valuable to us

[@KhushbooVora-l4l]

Can you withdraw cash from an ATM using bookmyforex card?

[@finvestomate]

Yes, details are mentioned in pinned comment!

[@Blessings2You]

Niyo offers debit card with equitas and DCB bank thid is what I have applied .SBM debit or credit card is of no use.

[@shahnawazdholpuri32]

Which one is better for US UK AND EUROPE

[@finvestomate]

NIYO should work at all locations.

[@harshalsingh250]

I have a question, I am visiting Malaysia and Bali next month, both different countries. Which currency should I load in my forex card, Should I load USD or Malaysian currency Ringgit or IDR for Indonesia, I am really confused, please guide?

[@finvestomate]

If you are using BMF, then load both currencies. Would be better. However, in this case, I prefer to opt NIYO as well. Just put 5k limit or 10k limit with FD, and use the currency converter as per the country you are going.

[@harshalsingh250]

@@finvestomate Thanks for the info !

[@ManpreetSingh-nl7zl]

I orderd "Book my forex" card on saturday... today is tuesday.. still didnt recived

[@lovish4646]

How was your experience with that card?

[@jugaljames9829]

What about withdrawal using international ATM using debit card by dcb(not sbm) niyo?

[@finvestomate]

₹110 + GST Refer first question of FAQ section in goniyo.com/

[@Doc_Ventures]

Hey can you please confirm what you mean by loading the money ? Like where you not loading your INR ??

[@finvestomate]

Loading money means we deposit our money in INR in bmf card, and that gets converted into other local currency, whatever we want!

[@AMP0071]

Nice !

[@maheepsingh6350]

I have a questions about Niyo Global Credit by SBM 1. Niyo global credit card se payment krni ho dubai mein shop owner ko 1Lac+ ki toh kya Swipe machine se kr skte hai payment? (If FD amount 5000 Rs on Credit card). Baki ke prepay krke credit card ko means load money from savings account of 1lac rupees.. Aise ho jayegi payment?? 2. Toh kya mujhe TCS lge ga??

[@finvestomate]

1. No, this is not possible because your CC limit is Rs.5,000/-. Loading money is not an option in NIYO. It is a credit card, whatever you pay, the bill will be generated of same amount. But the maximum that you will be able to spend thru' NIYO in one transactions is Rs.5000/-. Better load Rs.1lac in Dirham in BMF card and do this transaction. 2. TCS is when you are sending money from India to foreign land. I have made a separate video regarding the updated TCS rules. Here is the link: kzbin.info/www/bejne/o3fbiKylitCBm8ksi=weEQgFfcp7Kk7JhK If you are doing payment from India, then TCS rules are applicable. If you are spending on Dubai land, then no.

[@maheepsingh6350]

@@finvestomate 1. Before generate the bill, we will pay in advance amount 1lac rupees to credit card, then amount will shows in negative. So that amount we will use by swipe machine, tap & pay. For example - FD amount 5000 Rs nd we pay in advance 1lac Rs, so my new limit will be 1,05,000, but my withdrawal limit = FD amount 2. If i book tourist attractions tickets in india through online payment before going to foreign then TCS will applicable? nd how much TCS will apply?

[@finvestomate]

1. Yes, in this case, you have to swipe 5000*20 times to pay that 1 lac bill, if shopkeeper is willing for it. 2. Yes, then 20% are the TCS charges. Please see the video for which link is shared in above comment. That carries all the updated details.

[@vivekssharma07]

I will be travelling to dubai next month Which one should i opt for ? As i will be buying iPhone along with some other stuffs ? And need to withdraw some cash as well from ATM

[@finvestomate]

You can opt for BMF as you are travelling only to one country. It has nice UI and easy loading/unloading money option.

[@vivekssharma07]

What about ATM withdrawal charges and money loading process ?

[@finvestomate]

@@vivekssharma07 Money loading process is mentioned in video, and details about ATM withdrawal charges are mentioned in pinned comments. Hope that helps!

[@BusinessStory-en8yn]

Query regarding bookmyforex: Can we load multiple currencies in one card? Also, do we get lounge access?

[@finvestomate]

Yes, you can load multiple currencies. No, BMF does not provide lounge access.

[@wanderlust_bhandary]

please tell me, how can i pay my niyo credit card bill when i am abroad and not getting otp from my bank.

[@finvestomate]

Personally, I kept my international roaming on and recharge was done for the same, and hence didn't face this issue.

[@ayushk1543]

Hello Sir, are there any charges or penalties associated with cash withdrawals using a Niyo credit card while abroad?

[@finvestomate]

You may refer pinned comment for this information.

[@ayushk1543]

@@finvestomate No comment is pinned sir.

[@finvestomate]

@@ayushk1543 pl check now. Some technical issue.

[@AbhishekDasmammmasboyy]

Which one is better , book my forex or niyo ?? Please suggest which niyo card

[@jasmeetkaur9725]

Do we get free lounge access in bookmy forex card?

[@finvestomate]

No. I tried the same on Delhi International Airport. That option is not available as it is a prepaid card, and not a credit card.

[@alpesh729]

Sir you have Niyo Global Card of which Bank. Secondly you have Book my forex Card of Which Bank.

[@finvestomate]

NIYO - SMB BMF - Yes Bank

[@ritwicksen]

Can GBP be loaded in Bookmyforex card?

[@finvestomate]

Yes. www.bookmyforex.com/

[@punitkale1250]

Amazing video I do have a question Can you withdraw money through the Niyo Credit card ? I see conflicting reports all over the internet that you cannot take out Currency notes from ATM That you have to make another FD in order to take out money I am gonna travel to thailand in few weeks Being a Physical currency heavy country i need to have a card which is suitable for that purpose Please let me know Thanks !

[@finvestomate]

Thank you for your feedback. I am not sure whether NIYO can be used for ATM transactions, however, got this link. Kindly see if that helps. community.goniyo.com/t/atm-withdraw-charges/13454 As per my knowledge, you can definitely go for BMF, as that can be used for ATM transactions. However, they also charge a bit extra. Link for that is in pinned comments!

[@punitkale1250]

@@finvestomate hey man appreciate it thank you !

[@mridulsingh1]

Hi.. is bookmyforex card good for travel to US? I have seen in many travel videos/vlogs here on youtube, people are using their Credit Cards only and no one’s using or specifying anything about Forex/Travel Card. Maybe because of their failure rate/failed transactions! Request you to throw some light on this.

[@finvestomate]

If you are travelling for limited duration, say a week or so, then it would be a good option. But if the duration is longer, I suggest carry a good Credit or Forex card.

[@mridulsingh1]

@@finvestomate Thanks..

[@amolkarnik8589]

does Niyo global work in Vietnam

[@finvestomate]

Yes

[@hemanthtak2672]

Instead of credit card can we use equtas debit card in Europe

[@finvestomate]

I haven't used that personally, however users in comments section are saying that DCB and Equitas debit cards are allowed for international transactions.

[@THE_UNCERTAIN_DOCTOR]

Is book my forex card working in Bangladesh, nepal, bhutan?

[@finvestomate]

simply check on their app or website. It should be available in their drop down options.