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!

[@RM-pb3yi]

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

[@RM-pb3yi]

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

[@finvestomate]

@@RM-pb3yi 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).

[@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

[@siddheshmahadeshwar3978]

Hey can u please suggest any card for Ireland that can give me international lounge access..

[@finvestomate]

I think NIYO provides international lounge access at Indian airports. For rest of world lounge access, I am not so sure!

[@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.

[@VeryNuclearYT]

Ek no video! Thank you brother!

[@WandererWritam]

Hi ..thanks for the detailed guidance..I wanted to know if there is any credit card provider who gives you a limit lets say depending upon cibil/salary and you can use that limit without any markup charges and gst?..Because all usual credit cards would have 2.5-3.5 % markup charges and gst added..and second query is lets say in bookmyforex i do atm withdrawls in a foreign country , is that free of charges as well?..

[@finvestomate]

All bank's have FOREX cards where no markup fee is applied on international spends. For CC, usually mark up fees is always applicable. Atm withdrawal charges are mentioned in the pinned comment.

[@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?

[@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!

[@Lazy-bliss]

What is downtime

[@finvestomate]

I was not able to use the card during this time, because they had a maintenance time going on.

[@M4MotoVlogs]

Is the BookMyForex card supported in Taiwan?

[@finvestomate]

No, I couldn't find it.

[@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!

[@reelx5752]

which forex card is best for australia?

[@finvestomate]

Best is a subjective word and relative for all! 🙂 NIYO and BMF both should work in Aus though!

[@gkarjun]

cash withdrawal? Which is the best card for that

[@finvestomate]

Pl see pinned comment.

[@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.

[@BajpaiCCTV]

what is the Cash withdrawal charges in niyo card

[@finvestomate]

You may refer pinned comment for the details.

[@AdityaPatil-fg5hd]

Bookmyforex supports IDR??

[@finvestomate]

Yes, Indonesian Rupiah is visible in drop down

[@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

[@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.

[@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.

[@harshiljogi984]

what is reload fees for vath cards?

[@finvestomate]

For NIYO is zero, as this is a credit card. For BMF, there is a minimal fee attached.

[@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

[@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%😢

[@mailtorajiv01]

What's the best way to take money to uk for students

[@finvestomate]

Take one of these cards along with some cash when you are going. Once settled there, get some local account there in a well reputed bank, which provides good services.

[@madhu127mad]

Do book my forex card has free lounge access!?

[@finvestomate]

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

[@karanmagdum90]

Amazing video! Thank you sir!

[@dhavalsoni4561]

The most useful informarion in straight forward way. 👍✌️

[@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.

[@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

[@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!

[@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.

[@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.

[@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.

[@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

[@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.

[@AshwiniDave-o5o]

Indeed a good detailed Video!! And you cleared my doubt between selecting one of these card. My question is to get the tax refund at the airport as you mentioned one need to spend 70-75 Euros, is that for 1 bill or for the total bill ? As in do i need to spend 70-75 Euros per bill or is that the total you mentioned that i must have spent during the trip to get the refund. Please share your thoughts

[@finvestomate]

Each bill amount should be of 70-75 euros, only then tax refund can be claimed.

[@4everRanvir]

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

[@finvestomate]

Not sure on this.

[@andrewdsouza23]

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

[@ritwicksen]

Can GBP be loaded in Bookmyforex card?

[@finvestomate]

Yes. www.bookmyforex.com/

[@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

[@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.

[@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.

[@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.

[@2Ankit2]

Now this is what you call a good informative video. Thanks for this. One question, in terms of cash withdrawal from atm, which is better? Bookmyforex or niyo global credit card?

[@finvestomate]

Pinned comment holds this information. Let me know in case of any more queries.

[@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!

[@khushboo.vasudeva]

is it good to get dollars in cash from an authorised shop or through bookmyforex? (also 70-75 euros in total and bills need to be kept of all or only on 1 particular thing if we are spending 70-75 euros to get the return on airport?)

[@finvestomate]

1. Compare the rates from the shop vs BMF website. Go for whatever is cheaper. 2. 70-75 euros per bill. So, if you are having three bills say 37 EUR, 80 EUR, 62 EUR, then tax returns will be eligible only on 80EUR bill.

[@amolkarnik8589]

does Niyo global work in Vietnam

[@finvestomate]

Yes

[@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.

[@shyamkumargummalla]

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

[@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

[@pranavnambiar1699]

You earned my sub. Will explained detailed video.

[@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.

[@WorkingModelsSchoolProjects]

Neyo ने रूल्स चेंज कर लिए हैं ?

[@finvestomate]

ये वीडियो अगस्त 2023 के नियमों के हिसाब से बन गई है, उसके बाद Niyo mein कुछ नियम बदल गए हैं, तो इसकी जानकारी मुझे अभी नहीं है

[@WorkingModelsSchoolProjects]

@@finvestomate niyo ne sab gadbad kar diya, pahale unlimited Paisa nikal sakte thhe, ab only 7 lac hee I think

[@shahnawazdholpuri32]

Which one is better for US UK AND EUROPE

[@finvestomate]

NIYO should work at all locations.

[@bhasarnunu4294]

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

[@mrankitpopli]

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

[@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.

[@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

[@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.

[@jomyjacobgeorge3590]

Can you tell which is the best forex card for australia

[@finvestomate]

Best is a subjective word and relative for all! :) NIYO and BMF both should work in Aus though!

[@jomyjacobgeorge3590]

@@finvestomate thank you

[@nishantmundhare5317]

If you are depositing own money under fd for niyo credit card, and limit is the same amount in fd then what there is no credit case, it's just a debit card withdrawing own money and without credit ? Nit clear why its called credit card

[@CinemaByauters]

I was thinking same 😂

[@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.

[@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.

[@KhushbooVora-l4l]

Can you withdraw cash from an ATM using bookmyforex card?

[@finvestomate]

Yes, details are mentioned in pinned comment!

[@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.

[@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

[@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

[@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.

[@Rakesh-iq7nt]

Which debit card is good for taiwan ?

[@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

[@CARohitBansal]

Whether the bookmyforex card is visible in cibil report ?

[@finvestomate]

Not sure.

[@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.

[@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 !

[@abineshoffl]

So 5000₹ is FD..if we add extra amount we can withdraw @ any time..n no need to add to the account..so there is no penalty(late payment fee)..so if we withdraw from this 5000₹ FD and not adding the amount to account means less than 5000₹ there is the penalty(late payment fee) if we are not paying? Am i correct please explain bro??😢

[@nirmal0074uuu]

In my understanding .. It will have a penalty of 150 rs and intrest of 5000 rs @3% per month

[@fgsgfgsg]

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

[@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

[@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..

[@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/

[@saiyamx10]

...

[@swatiarora7523]

What about international lounge access on both cards ?

[@finvestomate]

Niyo debit and credit cards will give you access to international lounge in India. BMF will not provide you this. Some additional info is in pinned comment as well.

[@tamannadhall7069]

Why should we apply for niyo debit card then?

[@finvestomate]

Because they don't allow to apply for CC, unless you have a debit card. Although it cannot be used for international transactions, it can be used to get lounge access at international terminals of Indian airports.

[@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-

[@jaimindesai8279]

Always choose local currency for Indians means. Inr or euro?

[@finvestomate]

euro.

[@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.

[@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

[@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.

[@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.

[@musheerhussain2221]

NiyoX is also really good card

[@nishikavarshney700]

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

[@RM-pb3yi]

Better to use it with Fi Debit Card

[@avinashkumarbadal9285]

What is the ATM withdrawal charges for book my forex?

[@finvestomate]

It is 1.5euros and 2 USD. This is changing as per location. Please refer this link for the same: www.bookmyforex.com/ybl-schedule-of-charges/

[@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.

[@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.

[@indhuguna-i8n]

Iam going to bali on 19th .. and i thougbt of buying book my forex from make my trip app. But iam not able to load in indonesian currency . Only iam able to load in USD. And its charging service fee of 400rs with TCS.. SO , MY QUESTION is spending in bali will have 3.5% markup or ??? And to bali, which card is best to buy? Plz reply fast. Will be helpful

[@finvestomate]

Markup fee of 3.5% will be applicable if you spend in USD via BMF. If you are unable to load Indonesian currency in BMF, it is better to use NIYO then. Make sure NIYO provides the Indonesian currency.

[@TDGwins]

Niyo debit card would be best for bali. Coz i have been there and done that. Also, a hack to avoid the ATM withdrawl fees is to ask any alphamart or grocery store to swipe your card and give cash to you in return. They will do it provided you give some money .....say IDR 50k which is roughly indian rupees 250. This way you would not be charged forex fees and pay less as compared to ATM withdrawal charges. Just remember pay in Indonesian rupiah in the swipe machine.

[@indhuguna-i8n]

@@TDGwins thank you

[@priyamanglik5921]

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

[@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.

[@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!

[@noorsk6485]

Very precise information Can you please make a video on DCM & Niyo small equitas small finance bank debit card and also can we load amount in Niyo credit card other than increasing FD and is it possible to withdraw loaded amount from the credit card And also is there any markup charges for BMF card while cash withdrawal from ATM

[@finvestomate]

I have not used DCM and Equitas personally, so carry limited knowledge on that note. No, you cannot load / withdraw money apart from FD for increasing CC limit. It acts like a CC, and FD amount acts as the CC limit. BMF related details are mentioned in pinned comment.

[@SaranyaV-mk3se]

Very nice explanation

[@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!

[@manupaul1954]

Niyo is bullshit. Didn't work in Shanghai, didn't work in Dubai , didn't work in thai. Just don't go for it. It's a huge process to get your money back as well. I'm talking about niyo credit card

[@vrushalibhoite4130]

which one is good for dubai

[@finvestomate]

People are preferring Scapia for Dubai