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International Debit Card: Features, Benefits & more

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Created on
May 3, 2022

Summary

What’s Inside

While many things have changed about travel some things remain the same, like the debate over which is better when travelling abroad - cash or prepaid forex cards. 

Prepaid Cards Vs Cash 

Going cashless can help you keep a tab on your payments, but your card might only be accepted in some places, or you might not find ATMs. Cash is convenient, but there’s always the risk that you could lose it. When your Forex card is lost or stolen, you have the option of blocking it. 

Should You Travel With An International Debit Card?

Choosing a card for travel depends on your spending habits. If you can keep your expenses in check, you can use a credit card. But if you’re prone to shopping sprees, using an international debit card might make more sense so you don’t rack up a bill you can’t afford. That said, most banks allow you to place a spending limit on domestic as well as international debit cards and credit cards. 

How To Get The Best International Debit Card For Your Travel?

While the options are many, the best way to narrow down what card will work for you depends on your travel plan. If you’re going to multiple countries, you’ll need a card that supports various currency conversions. 

When choosing the best international debit card, look closely at various charges such as cross-country markups, replacement charges, inquiry charges, etc. Lastly, research the conversion rates they offer and the customer support in case of loss or theft.

International Debit Card Charges

Some of the charges you’re likely to face when using your debit card internationally are foreign currency conversion fees, foreign transaction charges, ATM withdrawal fees, lounge access fees, over-limit fees, etc. Check your bank or card provider’s portal or speak to customer support to understand what charges will apply. 

What If Your Card Is Lost Or Stolen?

In case of losing your card or getting stolen, you should first get it blocked. You could do this by calling customer support or blocking it via the bank website. Next, you must figure out how to manage without a card abroad. Most major card issuers have a global presence; you can pick up an emergency card from the nearest branch. These usually come with a fee, but it isn’t too expensive. Meanwhile, you could make do with a digital card if your card provider offers that service.

Final Checklist

While enjoyable, travelling abroad can be a stressful experience. With proper planning, you can remove the stress of managing your finances. Before you get ready and fly, have your bases covered. Decide what you can do in emergencies, what forex plans are best for you, and so on. Finally, keeping a small amount of emergency cash apart from an international debit card on you before you take off is always a good idea.

Take Fi on Your Next International Holiday

The Fi-Federal co-branded Debit Card offers you several features, including zero Forex charges on select plans, contactless payments using 'Tap and Pay', and customisable transaction limits. In addition, the card provides you with a range of offers from top brands across various categories, like food, shopping, travel, entertainment and more.

Frequently Asked Questions

1. Which international debit card is widely accepted?

Generally, Visa and MasterCard debit cards are accepted internationally & widely. 

2. Can any debit card be used internationally?

This depends on the kind of debit card and the country in which you plan to use it. While most debit cards can be used internationally, it's best to confirm with your bank if you can use yours on your trip abroad. Some international debit cards might even come with restrictions and extra charges; it's best to be informed about this on your card before your trip.

3. What are the benefits of an international card?

An international card lets you make seamless transactions on your next trip abroad. Prepaid cards help you stay within budget as they load in the international currencies and amounts you want to use. You also can save up on extra charges on currency exchange.

4. Which is the best international travel card?

There are many great travel cards Indians can avail of while travelling abroad. Here are some cards you can check out:

  • The Fi.Money Federal Debit card
  • Axis Bank Multi-Currency Forex Card
  • HDFC Bank Regalia ForexPlus Card
  • ICICI Bank Student Forex Prepaid Card
  • State Bank Multi-Currency Foreign Travel Card

5. Can you use an international debit card in India? 

If you have an international debit card from a Visa/Mastercard network, you may use the same to pay at any merchant in India just as you would internationally.

Disclaimer

Fi Money is not a bank; it offers banking services through licensed partners and investment services through epiFi Wealth Pvt. Ltd. and its partners. This post is for information only and is not professional financial advice.
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