niyo global travel card review

Which is Better For International Travel, Niyo Global Card or Forex Card?

Forex Card Vs Niyo Global Card Full Compariosn Which is better For Indian Travellers

Updated On: 01 Sept 2023

TL;DR – In the present scenario, where Credit Cards do not come under LRS (Liberalized Remittance Scheme), the Niyo Global Card (Credit Card) is an excellent way to carry money when travelling abroad. This is true for both leisure travellers going on short trips and students going to study abroad from India.

No LRS implies No TCS (Tax Collected at Source) on each transaction done using the card. This is a significant advantage compared to forex cards that fall under the Liberalized Remittance Scheme. You can save on paying TCS using the Niyo Global Card.

Also, you get near Google exchange rates on the Niyo Global Card. The INR to foreign currency conversion rate is excellent and ensures you get the best value for your money. For example, on conversion of INR 5,000 to any foreign currency, you can expect to lose only Rs 6-7 max on the exchange. Whereas on a Forex card, this amount is nearly Rs 24. 

Another factor to keep in mind, the Niyo Global Card is a Rupee-based card.  You can use it in India once you return from your trip abroad. Whereas, a forex card can only be used for purchases abroad, on websites accepting payment in foreign currency and at ATMs abroad. The balance funds in it can’t be used effectively once you are back in India. You’d have to encash it and convert it back to rupee.

Take a look at our quick comparison table to find out which card works best for you.

Now here is the long version for those interested in knowing the in-depth comparison between the two cards.

Niyo Global Card has become quite popular among students and travellers going abroad from India. The main reason why the Niyo Global card is popular is because of the “Zero forex markup”. The currency conversion from INR to other foreign currencies happens in VISA Network rates which are close to the exchange rates that you see on Google. 

It is a Rupee-denominated, VISA prepaid card that is available both as a credit card and a debit card . It can be used within India, as well as abroad, for in-store card swipe purchases, online transactions, and ATM cash withdrawals.

Also, easy online booking and home delivery of the card, an app to monitor the funds in it, easy re-loading of money in it and complimentary airport lounge access are some of the other conveniences and features of the Niyo Global card.

Three different cards offered by Niyo Global

Niyo Global cards are offered in partnership with leading banks such as DCB Bank, SBM Bank (India), and Equitas Small Finance Bank. Take a quick look at their features and benefits:

Source: goniyo.com  

Now coming to Forex Cards, they are prepaid travel cards in which multiple foreign currencies can be loaded and can be used abroad but cannot be used inside India. They are offered by a variety of banks and forex companies in India each having their own unique perks. Typically, Forex Cards have a higher margin on foreign currency loading.

For example; On each US dollar loaded into a forex card, you can expect a margin of 40 paise to be added on top of the interbank (Google rate). This is higher than the Niyo Global Card.

So is Niyo really better than Forex cards when it comes to cost and usefulness for an International traveller?

Let’s find out.

Table of Contents

  • Ease of getting the card
  • Charges & fees
  • Card usage abroad
  • Card usage in India
  • Withdrawal limit
  • Ease of reloading card when abroad
  • Ease of reloading card when in India
  • If card is lost or stolen abroad
  • Complementary airport lounge access

Complete Comparison of Forex Card with Niyo Global Card

Here is a complete in-depth comparison between a typical Forex Card and Niyo Global card keeping in mind the practical aspects of owning and using both cards abroad.

1. Ease of getting the card

“Forex Card is quicker to obtain but if you plan ahead, the Niyo Global Card is easier and more convenient to get hold of”

Niyo Global Card

The Niyo Global cards come in 3 variants. They are issued in partnership with banks like DCB (Development Credit Bank), SBM (State Bank of Mauritius, not a part or subsidiary of SBI), and Equitas Small Finance Bank.

In all cases, the card is provided only after opening a new savings account with DCB/SBM/Equitas Bank. Opening the account is a completely online process and takes just a few minutes with minimal documentation. You’ll just need your Aadhaar Number, Original PAN card, Indian Passport File Number and your Aadhaar-linked mobile number.

You’d have to complete a video KYC with the bank. It can be done in just a 3-minute video call within the Niyo Global app. KYC verification may take up to 2 days. Once done, the physical card will be delivered to your communication address within 3 to 5 days depending on your location.

Forex cards are offered by many banks (SBI, HDFC, ICICI etc) and RBI-authorised exchange houses (Unimoni, Thomas Cook, Ebixcash etc) in India. They are easily available across the length and breadth of the country.

You can book one with any provider, load foreign currencies in it and get it the same day.

However, unlike the convenience offered by the Niyo Global Card, Forex Cards mostly require you to visit the branch and pick it up from there. This can be a hassle. Here too, you’d be required to complete KYC verification to get the card. 

If you need a card at the last minute, getting a Forex card makes sense.

However, if you plan ahead, getting a Niyo Global Card is the more convenient option as there is no hassle of branch visits and physically verifying KYC documents at the branch. The card is booked online and delivered to your address in 3 to 5 days.

Please Note: You can book forex cards online from ExTravelMoney.com and get it door delivered to you.

Verdict: Forex Card is quicker to obtain but Niyo Global Card is more easier and convenient to get.

Take a look at the coverage of Forex Card services offered by ExTravelMoney on CardRates.com

ExTravelMoney: Consumers Can Use Travel Cards to Access Wholesale Rates from 25+ Forex Providers

2. Charges & fees

“Niyo Global Card edges out Forex Cards in terms of charges. It is more profitable to maintain in the long run. Zero forex markup and Zero TCS (Niyo Credit Card) make this a much more attractive option.”

These charges workout to lesser than a Forex Card.

But more than these charges, having a Niyo Global Credit Card which is TCS exempt and which has zero forex markup proves more profitable overall compared to a Forex card. 

The money you utilise in your Niyo Global Credit Card won’t be counted towards TCS and you’ll have the yearly TCS free limit of Rs 7 lakhs intact, which can be used for other purposes such as currency exchange and money transfer abroad.  

*The figures shown below are for a typical forex card

*A forex card is classified as inactive if it has not been used for re-loading, ATM withdrawal, Merchant transaction or online transaction within the last 180 days. Some forex card providers even allow inactivity for up to 18 months before any fee is levied.

The funds loaded in your Forex card will be counted towards your TCS-free limit of Rs 7 lakhs in a financial year. This would eat up into the other transactions that you could do TCS free such as currency exchange and money transfer abroad.

Verdict: Considering the Fees, charges and other monetary advantages, better to go for a Niyo Global Card (Credit Card).

3. Card usage abroad

“Whether you are travelling abroad for a short period of time or for a longer time, for example, a conference, or your honeymoon and would be returning to India soon, or let’s say a student heading out to study abroad, carrying a Niyo Global Credit Card would make more sense. You’ll get “Visa exchange rates” which are close to the Interbank rate (Exchange rate you see on Google). Also, No TCS is liable to be paid on spends on this card. Another important factor to consider is that it’ll be easy for your folks back home to add money to your account easily via UPI/IMPS/NEFT whenever you run short on funds. Funds become available immediately and it’s a blessing in disguise for students.”

Online Transactions

Niyo Global Card can be used both abroad and in India for online transactions since it’s a rupee-based card. 

If you are making a payment in foreign currencies online, the INR amount in your Niyo Global card will be converted to foreign currency and then the payment will be processed. 

Only VISA network exchange rates would apply (which are close to interbank / Google rates). 

However, please do note that as per a video posted by Youtuber Neeli’s Vlogs who has used the DCB Niyo Global Card (with a DCB Current Account, not a savings account) 5% TCS (Tax Collected at Source) is being levied on each transaction carried out using the card. As per the RBI mandate, banks are required to collect TCS on Debit Card usage abroad. This amount will be refunded back to you in a few days (if you have spent less than Rs 7 Lakh on foreign exchange transactions in that financial year). Otherwise, you can claim a TCS refund at the time of filing your Income Tax Returns (ITR).

Here’s how TCS works for Niyo Global cards:

However, this is a bit of a bother as you’ve to factor in 5% TCS on each transaction done using your card. A spend of $1000 would imply an upfront TCS payment of $50 which is a significant amount. You’d have to do meticulous expense management and manage the funds in your card carefully. Thankfully, Niyo lets you do this the easy way, as you’d be able to track your spending & balance funds in your card right from the mobile app itself.

Please Note: There is no TCS levied on the Niyo Global Credit Card which is why we recommend you get one for your travel abroad. 

Forex cards can be used online to pay for flight tickets, hotel reservations, tour bookings etc in foreign currency.

Swiping in PoS (Point of Sale) Machines

If you are trying to pay in the same foreign currency as loaded in your forex card then there would be no extra charges.

However, say you have USD in your Forex card and are trying to pay for a purchase in Singapore in Singaporean Dollars, then Apart from the exchange rate, there will also be a currency conversion fee of 1 to 3%. The exact rate depends on the Forex card provider.

So make sure to load the currency of the country you are going to. This will help you avoid cross-currency fees. 

Also do note that a TCS of 5% applies to the funds loaded in a forex card, the purchase of foreign currency notes and money transfers abroad. This is how it works;

In the case of Forex Cards, the total TCS applicable on the funds loaded in the card is collected upfront, if your utilisation of foreign exchange has crossed the TCS-free limit of Rs 7 lakhs in that financial year. This TCS can only be claimed back at the time of filing ITR. 

Please Note: From Oct 1st 2023, the TCS rates are being hiked. Click on the link below to learn more.

Foreign Remittance to Get Costlier: TCS Hiked in Budget 2023

Verdict: At present, the Niyo Global Card is the better option for both long-term & short-term travellers going abroad.  

4. Card usage in India

“Niyo Global Card is a rupee-based card and can thus be used in India. Forex cards are loaded with foreign currency and cannot be effectively used in India unless you are making foreign currency payments online.”

Not only can you use the amount in your Niyo Global Card abroad, but it can also be used in India seamlessly for all manner of transactions. Swiping at PoS machines in shops and restaurants, withdrawing money from ATMs, for both foreign currency and Indian Rupee-based online transactions. 

A Forex Card does not have this level of functionality. 

When having a Niyo Global Card in hand, if you are a student abroad, when visiting home during breaks, you’ll have a handy mode of payment throughout your stay. 

Also, if you are a leisure traveller who is back from a foreign trip, you can use the Niyo Global Card in India without any hassles.

A Forex Card can’t be used in India at card swiping machines, at ATMs or for online transactions where the copayment needs to be done in Rupees. 

It can only be used effectively when you are abroad.

Also, you can’t have a balance of more than $2,000 on your Forex card after returning to India. If you do, you are required to encash the balance funds and close the card as per RBI rules.

Another factor to consider is the “Inactivity Fees” levied by Forex Card providers. 

After returning from your trip abroad, if your Forex card has remained inactive for a period of say 3 to 6 months (the time period for inactivity depends on the Forex card provider), you’d be charged a monthly inactivity fee of USD 10 to 20 (this varies per card provider).

Thus, by way of RBI rules and personal monetary considerations, it makes sense to encash leftover funds in Forex card and thus you would probably not be able to use it in India.

Verdict: When it comes to card usage in India, Niyo Global Card is the only practical choice between the two.

5. Withdrawal limit

“Both offer nearly similar withdrawal limits but with a Niyo Global Card, you have the option of easy money transfer via NEFT/RTGS and UPI from and to your Niyo Global Account”

*The Withdrawal limit is different for each forex card vendor. These figures are representative of a typical forex card.

Verdict: A Niyo Global Card allows you to withdraw and transfer money easily and through different payment methods proving to be of better utility.

6. Ease of reloading card when abroad

“A Niyo Global Card is given upon opening a bank account with either DCB/SBM/Equitas Bank. All one needs to do is do a bank/UPI transfer to the account to reload the card.”

You can load the card on the go, as it allows you to transfer funds to the bank account associated with it via IMPS / NEFT / RTGS.

Money can be directly loaded in INR.

This is especially useful when you are abroad and the funds in your Niyo Global Card are about to run out. A quick re-load and you’ll have money to spend. If you are not able to send money to your Niyo Global account because of OTP issues when abroad, your friends or family members can also do it.

When it comes to reloading on the go, Forex cards are a mixed bag. 

For one, the process is more complicated than the Niyo Global Card. Also, some forex card providers don’t provide the facility of re-loading on the go (SBI, where the customer or a close relative must visit the branch to do the process).

For reloading a forex card, money has to be loaded in it in foreign currency. This is only possible after converting from INR. Here exchange rate charges would apply. Also, the whole process may take about 2-4 hours. 

Another drawback is that the re-loading facility is not available 24*7. It is only possible during forex market hours in India, that is from morning 9:30 AM to evening 5:30 PM (barring Sundays).

Also, even after reloading, it might take a while before the funds become available for use.

Verdict: Reloading a Niyo Global Card is easier than reloading a Forex Card. The funds become available for use immediately.

7. Ease of reloading card when in India

“A simple UPI transfer is enough to reload your Niyo Global Card when in India. Forex Cards on the contrary require extensive documentation and sometimes even a branch visit. The money must be transferred to the Forex Card provider’s account and they’ll load the funds.”

The Niyo Global Card can be easily reloaded online via the Niyo app or website, even when you are in India. You can reload the card with INR easily via UPI or bank transfer. The process is quick and simple.

You need to submit documentation such as PAN, Aadhar, Passport and Visa and 2-way air tickets to reload funds in your Forex card. Sometimes, you may be required to visit the branch to complete the process.

Verdict: Niyo Global cards are easier and more convenient to reload in India than Forex cards.

8. If card is lost or stolen abroad

“A Forex card provides more options in the case of card loss/theft abroad”

This is an area where Niyo has a disadvantage compared to Forex cards.

There is no backup card given by default in the welcome kit of your Niyo Global Card. 

You’ve just one card and if it’s lost there is no other card that can be activated.

That is a difficult situation to be in, especially when you are abroad and require uninterrupted access to your money. 

But this problem can be easily overcome, Since Niyo has multiple bank cards, both debit and credit card, users can opt to take two cards. The best part is that they don’t have to pay any fees to get another card issued. 

In the event of a card loss, this is what Niyo suggests doing;

  • Card loss/theft must be reported immediately to the in-app chat support.
  • Temporarily lock your card if you think you’ve just misplaced your card. If you are certain that you’ve lost the card or it’s stolen for sure, you can permanently block your card.

Forex cars usually come with a backup card in the welcome kit and if not, you can request one for a fee before your trip abroad.

In the event of loss of card;

  • Simply report the loss via your Forex card app or through the International toll-free number given in your kit. The card will then be blocked.
  • You can then use the app or phone banking to activate your backup card. The funds from your original card will be transferred to this backup card. 

Even if you have not opted for a backup card, there would be facilities such as Emergency Cash Delivery Assistance or Mailing the Backup Card to your hotel abroad. Also, Forex Cards are covered by insurance in the event of loss or theft of card.

In these ways, a Forex card provides more comfort in handling a lost card issue abroad.

Verdict: Go for the Niyo GlobalCard. The loss/theft of a card is an outlier case. That is, the chances of this happening are very rare. If you make this your main criterion for choosing a Forex Card, you’d be missing out on all the other benefits of owning a Niyo global Card. To safeguard yourself from such a situation, you can opt for a Niyo Global Credit Card with a Niyo Global Debit Card as a backup option as it does not cost extra fees to have.

9. Mobile app

“Niyo Global Card provides tons of features that make it more useful for travellers”

Niyo Global provides a dedicated app to manage your card and savings account on the go.

The app has features such as;

  • Currency Converter for live exchange rates, especially helpful when you want to check what your purchase amount will be in any currency.
  • ATM Locator to find one nearby for quick cash withdrawals globally
  • Lounge Locator: Find a lounge eligible for free access with your Niyo Global card
  • Temporarily Lock/Unlock the entire card or payment channels like Card Swipes, Online Transactions, ATM Withdrawals, and Tap and pay for domestic or international 
  • Permanently Block/Unblock the card in case it is lost or stolen
  • Track transactions in real time, View transaction history, Check live account balance, enquiry and download account statements etc.
  • Travel Packages: Customise your itinerary with Niyo Global to match your interests
  • Experiences & Activities: Pre-book tickets through Niyo Global to save time & money during trips
  • Apply for eVisa: Visa processing assistance right within your Niyo Global app
  • Travel Insurance : Shield yourself from “Never Know” situations. Get extensive coverage for individuals or groups of up to 10 people. A single plan is offered for up to 6 countries of your choice. It’s helpful especially if you plan on country-hopping.
  • Travel Loans: Get on-demand cash up to ₹3 lakh directly into your bank account. Use the amount in part/full as and when needed. You pay interest only if you use the credit line.
  • Exclusive travel offers on leading brands, including flight & hotel booking, rental cars, etc.

Most forex card providers also provide a mobile app. With the app you can check your Forex Card balance, account statement, changing PIN, blocking the card etc. Of course, each Forex Card providers have their own offerings in the app but this is the typical stuff that you can expect to find in it.

Verdict: The features of the Niyo Global app are highly travel-friendly for users and better than what a typical Forex Card app has to offer.

10. Complementary airport lounge access

“Both offer similar international airport lounge access facilities powered by the VISA network”

Airport lounge access at select international airports within India.

Airport lounge access at select airports within India.

Verdict: Niyo Global Card has Amritsar & Srinagar extra wheres a typical forex card would have Kannur and Trivandrum lounge access. Free lounge access is a nice perk to have but don’t let this be the basis of your decision.

Hope this post has helped you determine what you need to carry as an instrument for storing and using money when travelling abroad. We would love to get your thoughts on using these two cards or even any queries about them in the comments section below.

Disclaimer; The information contained in this blog has been sourced from Niyo’s and Forex Card provider’s websites. Also, we have taken into consideration the first-hand accounts of users of these respective cards. Please note that Forex Cards are issued by different banks and money changers. Likewise, the features and charges of each card are different. We have mentioned here the general features and costs when using a Forex card.

Also Read:  

7 Advantages of Forex Card and Its Benefits for Travellers Comparison of Forex Card vs Credit Card, Debit Card, and Cash

About The Author

subhash sivamani

Subhash Sivamani

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niyo global travel card review

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7 Advantages of Forex Card and Its Benefits for Travellers

Niyo Global Card - A review

After using the SBM niyo global card for 2 months I thought I’ll write a review. Hope this is helpful for others thinking about getting the card!

Applying for the card: The application process wasn’t the most streamlined but fortunately it all worked out in the end. I already had a CKYC number which meant that I was able to set up an account and apply for the card immediately. A friend who did not already have CKYC done though had to wait almost a month for their account to be set up (hopefully niyo makes this simpler in the future) Once the account was set up, applying for the card was fairly simple. I transferred Rs. 5000 to the account (reflected in my SBM account immediately; in general I never had a problem with transferring money although this might be different for different users) and ordered the card.

Card Delivery: My card was delivered in 15 days after reaching out to Niyo (through tickets and this forum). Card delivery seems to be the biggest issue currently with orders being returned and reported as undelivered. Like many others I was quite worried that I wouldn’t receive my card in time for my travels. Fortunately, niyo actively followed up after I made them aware of my travel date and ensured that I did receive my card. I would thus encourage prospective customers to apply for cards as early as possible and reach out to customer service executives to ensure you receive your card.

Using the card: Once you get through the process of applying/receiving your card, using the card is actually quite convenient. I used it in 3 countries. I was also able to use it to get into the airport lounge at Delhi Airport for Rs. 2. The only place it was denied was a small street food stand. I did not use the card to withdraw cash (which I believe has a transaction fee).

Customer Service: The niyo community forum was the most helpful for me in getting issues resolved. The live chat was totally useless as the customer service executives always seemed to be busy. The tickets I raised were usually answered in 1-2 days. Hopefully the live chat feature is improved so that customers can get help instantly when abroad.

In the end, based on my experience I would recommend this card (even though there were a few hiccups along the way). It’s definitely my favourite amongst all the other options being offered currently in the Indian market. Do keep a back-up option though!

Hey @HZaheer ! Firstly, we’d like to thank you for your time and patience in sharing your experience and feedback in detail. We are glad to hear that you are happy with our product. We’ve made a note of your feedback and we will definitely work on them to deliver a better user experience in all aspects. For any help, you may reach out to us and we are happy to assist you.

ridiculous and disgusting behaviour.

Hey! I got a call on August 9th from your NIYO team by a lady.

Since when I answered the call repeatedly telling hello, she was busy with her own gossips. She was busy in talking with their colleague and she just ignored my voice on the call and then after she was just acting that she is not able to hear my voice and disconnected the call.

This is very disappointing, how can you hire such irresponsible employees in your company? pathetic.

This types of people are letting your image down.

[email protected]

This is my registered mail id and contact number.

I don’t want any futher promotional calls or any type of callbacks or any type emails will not be entertained.

kindly look into the matter. And Please its Humble request please improve your behaviour with your customers.

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Ultimate Niyo global Card Review – Best card for international trip

Niyo Global Card Review

In the rapidly evolving digital banking landscape, Niyo Global Card has emerged as a promising solution for individuals seeking seamless international transactions and enhanced financial control.

Are you a frequent traveller? Or do you want to enrol for higher studies abroad? If you answer yes, you must be aware of the hassle of carrying currency in different countries.

To make things simpler and faster, a niyo global card for students and travellers is the perfect solution to make your life easier.

This blog will take an in-depth review of the Niyo global card’s benefits, features, drawbacks, etc.

What is the Niyo Global Card?

Niyo Global Card is a prepaid foreign currency card allowing users to access their funds in Niyo Global Card-accepted countries easily. It is a digital card that can be used in more than 200 countries and is powered by Mastercard and VISA.

The Niyo Global Card was offered by Niyo Global which is a fintech company. The company has tie up with banks in India to offer various financial services such as Saving Accounts, Debit cards, credit card, etc.

The card is loaded with many foreign currencies like US dollars, Euros, and Pound Sterling, and it is accepted in all major currencies.

It is a great way to manage your finances while travelling, especially for students who are going to pursue studies abroad, and it also offers attractive benefits.

Along with the card, you get a full banking experience and a free bank account powered by SBM Bank of India.

Benefits of Niyo Global Card

Niyo Global Card is a unique new product offering cardholders many benefits. Some of the vital niyo global card benefits are –

1. Easy application process

Complete 100% digital account opening and KYC through the Niyo App.

You can get your best international travel card and instant zero-balance savings account within minutes without any rush to other banks’ offline processes.

2. High Security

Niyo card is a Safe and secure way to carry your money while travelling. As a Niyo global card, SBM provides enhanced security features like lock/unlock/permanent block card features.

The card is equipped with a chip and PIN security feature, which makes it more secure than traditional magnetic stripe cards. This helps to protect your funds from being accessed by anyone else.

3. Convenience

Niyo global card is accepted in many countries. You don’t have to worry about carrying different currencies as the card is accepted in all major currencies.

With your digital account, you can quickly load foreign currency through NEFT/RTGS/IMPS without bearing any additional charge.

Further, the Management of Card limits plays a vital role, especially if you are travelling abroad. You can control the card’s limits within the Niyo global app and get your money insured for up to ₹ 5 lakh with RBI.

4. Cost Savings

  • It is a cost-effective way to access your money as it is available at a low cost, and no hidden niyo global card charges disturb your planning.
  • Offers a great niyo global card exchange rate for students, so you don’t have to worry about losing money due to fluctuating exchange rates.
  • Earn 5% interest p.a. on your SBM saving account with monthly interest payout and ₹200 on every successful referral from your account.
  • Complimentary lounge access at the airport with the niyo global card lounge access both in the domestic and international terminals across India through a VISA signature card.

Features of Niyo Global Card

Niyo Global Card is a prepaid travel card that can make secure, convenient, and cost-effective payments while travelling abroad. Over 30 million merchants accept the card, and it can also be used for online shopping.

The attractive niyo global card features make an ideal choice for travellers and international students, which include the following:

1. Multi-Currency Support

Niyo Global Card supports multiple currencies, allowing users to load and transact in various foreign currencies without incurring additional conversion fees.

2. Real-Time Forex Rates

Users benefit from real-time forex rates, ensuring transparency and accurate calculations for their international transactions.

3. Expense Tracking

The associated mobile app enables users to track expenses, set budgets, and receive instant notifications for every transaction, offering a comprehensive overview of their financial activities.

4. Zero Forex Markup

While making big-ticket payments related to university and tuition fees or transactions, including flight booking, there are zero markup fees compared to other international debit or forex cards the banks provide.

With Niyo Global Card, any Indian Traveler can do international transaction without any extra charge. Most of the banks charge 2-5% towards transaction charges. And this makes a better travelling card than a forex card.

5. Contactless payments

The card supports contactless payments (powered by VISA), so you can simply tap your card to pay for any type of purchase.

6. Free withdrawals

With the Niyo Global Card, you can make free withdrawals at over 1 million ATMs within the specified limits as mentioned below –

niyo global travel card review

7. Zero TCS

With Niyo Global Cred Card, there is no TCS on unlimited International transaction which is a most attractive service for high end traveler or students.

8. ATM locator and 24×7 customer support

Wherever you travel, you can track the nearest ATM in case of fund withdrawal urgency. You can also contact Niyo Global Card customer care for faster resolution on a real-time basis.

The Niyo Global Card has several features that make it an attractive option for students, and this card is a much better option than any other existing Forex card.

How to apply for Niyo Global Card

Now, the biggest question that comes into your mind is how to apply for a Niyo global card.

Well, the process of applying for a Niyo Global Card is quite simple. You can get a niyo global card and a free SBM digital account instantly by adopting a simple process –

  • Download Niyo Global app,
  • Enter basic details, including your name, address, and contact information,
  • Complete the KYC process with your PAN, Passport, and AADHAR card,
  • Enjoy a digital account and card experience on the app,
  • Load ₹ 5,000 in the SBM savings account to place an order for a physical card,
  • You will get your physical card at your doorstep within 15-20 days.

How to use a Niyo Global Card

After a successful SBM digital account opening and Niyo Global card, you might learn how to use the Niyo Global card. Using a Niyo Global card is quite simple.

The Niyo Global Card is a prepaid card that can be used to make purchases anywhere in the world. The card is loaded with foreign currency, so there is no need to worry about exchange rates.

The card can be used at ATMs to withdraw cash, and it can also be used to make online purchases.

The Niyo Global Card is a great way to avoid fees associated with foreign currency exchange.

Is Niyo Global card safe?

The Niyo Global Card is a safe and secure way to access your funds while travelling.

As a prepaid card, you can only spend what’s loaded onto it. Plus, it has built-in security features like pin protection and transaction limits, so you can rest assured that your money is safe and secure.

This helps to protect your funds from being accessed by anyone else. Also, if you lose your Niyo Global card, you can instantly block your card from the app. It has partnered with SBM bank, Equitas Small Finance Bank and DCB Bank.

Further, the amount up to ₹5 lakh is insured by Deposit Insurance Scheme by DICGC which is a subsidiary of the Reserve Bank of India.

Charges for using Niyo Global card

The Niyo Global Card is available at a low cost and has no hidden charges. However, there are some charges associated with using the card, including the following –

  • Loading fee of ₹ 5,000 at the time of ordering a physical card,
  • Other bank ATM withdrawal fees of ₹ 20 per transaction after crossing a limit of 5 transactions per month in India,
  • International ATM cash withdrawal and balance inquiry fees of ₹ 500 per transaction,
  • A foreign exchange fee applies to the amount spent internationally.

List of Charges for Niyo Global Card

Niyo Global card alternative

If you are looking for a Niyo global card alternative, a few options are available. You can use a travel money card , similar to a prepaid card but designed specifically for travelers.

You can also use an international debit or forex card , which allows you to access your funds in multiple currencies.

Finally, you can use a credit card that offers a great exchange rate and is accepted in most countries.

Niyo Global Card accepted Countries.

The Niyo Global Card is accepted in more than 200 countries, so you don’t have to worry about carrying multiple currencies.

Some countries where the card is accepted include the United States, Canada, the United Kingdom, Australia, New Zealand, India, Singapore, Malaysia, Vietnam, and many more.

Who can use the Niyo Global Card?

The Niyo Global Card is available for individuals and businesses. Individuals can use the card to make payments while travelling, and businesses can use it to make payments in multiple currencies.

This card is also a great option for students studying abroad as it offers a great exchange rate and is accepted in more than 200 countries.

Which bank issues Niyo Global Card?

Niyo Global card is issued by the SBM Bank of India, an RBI-licensed and registered bank, and as per RBI directions, all the money up to ₹ 5 lakh is covered by insurance.

Therefore, you don’t need to worry about the balance amount deposited in the Niyo Global card or the SBM savings account.

Disadvantages of the Niyo Global Card? (Potential Drawbacks):

From the viewpoint of students and foreign travellers, this card is the best alternative to any other type of Forex card. However, it also has disadvantages. Some of the important cons of the niyo global card are:

1. Transaction fee

The one disadvantage of the Niyo Global card that we have encountered is a levy of fees of ₹ 100 per transaction on international ATM cash withdrawals and balance inquiries.

2. Limited Acceptance

While widely accepted, there might be instances where certain establishments do not support prepaid forex cards, requiring users to have an alternative payment method.

3. Initial Loading Time

The time required for the initial loading of funds onto the card may be a consideration for users needing quick access to funds.

Final Thought on Niyo Global Card

In conclusion, the Niyo Global Card is an excellent way to manage your finances while travelling outside Indian territory.

It is a safe and secure way to access your funds in multiple currencies, and it also offers attractive benefits such as lounge access in more than 80 international airports.

The card is accepted in over 200 countries, so you don’t have to worry about carrying multiple currencies.

The Niyo Global Card emerges as a comprehensive solution for individuals seeking a hassle-free, cost-effective, and secure means of managing international transactions. Its innovative features and emphasis on financial control represent a noteworthy option in global banking.

In conclusion, for those looking to simplify their international financial experiences and reduce costs associated with traditional banking, the Niyo Global Card is worth considering.

Frequently Asked Questions (FAQs)

Who can apply for the Niyo Global Card?

All Indian residents with valid Indian Passport and over 18 years of age can apply for the Niyo Global travel Card.

Whether Niyo Global offers debit or credit cards?

Niyo Global offers debit and credit cards with its partners banks in India. SBM Bank, DCB Bank and Equitas Small Finance Bank are its partner bank in India.

How to add money to your Niyo Global Travel Card?

You can add money to your Niyo Global Card either through UPI or through direct Bank Transfer (RTGS/NEFT).

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NiYO Global Forex Card Review (2020)

Pranav

NiYO Global Card is a next generation forex card which eliminates the many pain points of current generation forex cards. To start with, it’s an INR card, which can be used globally (150+ countries), including India and can be loaded via any bank account using IMPS/NEFT/UPI without any charges. The card comes with a companion NiYO Global app which lets you manage your card on the move and offers a bunch of other useful features.

In this review, I am going to outline the features of this card along with my personal experience of using this card in recent EuroTrip. So without further ado, let’s get started.

Spending Limits

How to get this card.

NiYO Global Card

NiYO Global Card offers a bunch of features which are outlined below:

  • Load via IMPS/NEFT/UPI without any charges
  • Use it in 150+ currencies with zero forex markup fee
  • Use at merchant POS terminals worldwide accepting VISA
  • Use it for online transactions in 150+ currencies
  • Withdraw cash at ATMs all over world
  • Unused money can be transferred back to bank account
  • Track expenses realtime using NiYO Global App
  • Lock/unlock card on the move using NiYO Global App
  • Reset PIN instantly using NiYO Global App
  • 24/7 Whatsapp priority service

Ability to use NiYO Global Card in 150+ currencies makes it really versatile. The companion app is really intuitive and user friendly. You can seamlessly lock/unlock card using the app. You can also enable/disable online transactions, merchant (POS) swipes and ATM withdrawals from within the app. The 24/7 Whatsapp service really comes in handy when your phone is not operational in foreign.

  • No joining and renewal fees, currently being issued for free
  • No charges for loading the card, however your bank may charge for IMPS/NEFT
  • No foreign currency markup fee and Visa exchange rate are applicable for foreign currency transactions
  • No ATM withdrawal fee, however the bank that the ATM belongs to, might have their own fees associated with withdrawals

The best thing about NiYO card is that there are no charges at all. They don’t have any joining and renewal fees currently. There are no charges for loading the currency and ATM withdrawal. NiYO doesn’t even charge foreign currency markup fees which other credit cards charge and is in tune of 3.5% + GST. Hence, by using NiYO Global Card, you are straight away saving 4.13% on foreign currency markup fees. NiYO uses Visa exchange rate during settlement which is best in the industry.

What is Visa Exchange Rate?

However one may ask how they are earning money then? Well they earn from the Merchant Discount Rate (MDR). MDR is a fee charged by card issuers to merchants for accepting credit and debit cards. MDR is fully borne by merchants and there is no impact on customers.

NiYO Global Card comes with following spending limits:

I feel these spending limits are pretty generous and will suffice most of the travelers.

This card is currently being issued to Indian Citizens holding a valid PAN card and address proof (Aadhaar, Passport etc.).

NiYO Global Card Process

You can apply online for this card using my referral link below:

Using the above link, both of us will get Rs. 500 on doing the first international POS transaction of Rs. 1,000, which is not available otherwise. Once you fill up the form, you will be contacted by their executive for fixing an appointment. Their executive will visit your place to scan the documents using their mobile app. Hence you need to keep the original documents with yourself during the appointment. Once document collection is done, executive will handover you the card kit which contains following:

  • NiYO Global Card
  • Welcome letter
  • Most important terms and conditions

You should be able to login to NiYO Global app post KYC approval and card activation which happens the same day in the night. Post that you can transfer funds to your card using Account Number and IFSC code displayed in the app.

I used this card extensively in Europe and England and I didn’t face any issue. Loading money was hassle free and I just used to IMPS the amount to the card account and it used to get credit instantly. The card was accepted by all merchants across Europe and England without any glitches. As soon as the transaction was done, it showed up in the NiYO Global app with an amount in both foreign currency as well as approximate INR. The transactions used to get settled in 2-3 days and hence the exchange rate of that time was applicable. Hence, due to fluctuation in currency exchange rates, there used to be some debit or credit of amount.

NiYO Global App Transaction History

I also used it for withdrawing money in ATMs and it worked seamlessly. There were no extra charges for ATM cash withdrawals and I was able to get Visa exchange rates for this too.

This is a fantastic card which simplifies the forex transactions to a great extent. Given that company is not charging anything for this card, I don’t see a reason for not using this card. Ability to transfer excess funds back to your bank account is cherry on the top.

PS : You can save even more using a combination of NiYO Global Card and credit card. Read about most rewarding credit cards with low forex markup fee for foreign travel & spends here .

What do you think of this card? Share your experience of using this card in comments below.

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Stock In Bulls

NIYO GLOBAL CARD Review: Best International FOREX CARD

NIYO GLOBAL CARD Review : Best International FOREX CARD

Introduction

NIYO GLOBAL CARD Review : Hi, guys welcome back to Stock IN Bulls if you are a student who is planning to study abroad and even if you’re a traveller who’s planning to travel abroad you must be thinking about what’s the best way to make payments abroad because there are many options available but you have to choose which one is the best option and in this blog, I will be talking about the best option which is niyo global card i have been using this card when i use to travel to a foreign country.

i’m very satisfied with this Niyo global card so i will be talking about it in this blog.

Different Modes of Payment:

But before we begin first we need to understand what are the different modes of payments that are available so first one is cash then debit cards or credit cards and then forex cards right but there are certain problems associated with these options if you’re carrying cash it can be unsafe to carry and you cannot carry a lot of cash because it’s unsafe and if you’re using debit or credit cards you will have to pay exorbitant rates for international transactions.

 you can also make payments using forex cards but in order to do that you will have to load money in advance you will have to convert that currency into the other currency and in this process you will spend some extra time and you will have to pay bank charges as an additional fee for currency conversion.

 So what is the most affordable and convenient solution to make payments i believe it’s Niyo global card is the best solution of it .

What is NIYO Global Card?

Niyo global card is a card you can bank on no matter where you are in the world it is suitable for people like international students spenders savers or smart travelers now you will ask what are some of the features of the NIYO global card the best feature is zero forex markup.

So the thing with forex cards is that when you have to convert that amount into another currency you have to pay some extra charges for example if i search on google pounds to Indian currency conversion rate it would be around 100 but when i actually load the money into my forex card i will end up paying the conversion rate of around 104 to 105 so that’s the extra markup cost which is zero.

In the case of Niyo global card the next best feature is you can load the card instantly it saves a lot of time and effort i use UPI to load my card from my indian bank accounts so it’s just like i’m using my indian bank account here because i can load the money using my indian upi and then i can use Niyo global card to make foreign transactions.

 Niyo global card can also give you access to airports although currently it is limited to domestic airports but still it’s an added benefit and just like other cards you can lock and unlock your card anytime you will get exclusive deals on Niyo global guide you can also use the ATM locator to find out ATM in different locations and the app also has a live currency converter that you can use to check live currency rates my experience with Niyo global card has been quite positive.

i’ve been using this card every time i use it i save at least three to five percent on forex transactions because i’m not using any other forex card i can load money by UPI like i mentioned and there is no need to visit any online website to load money in advance so that also saves some hustle  and the live currency converter helps me find out how much i will end up spending on foreign transactions so these are all the benefits of the card so if you have a passport all you need is the Niyo global card and you are set to go global.

 i will be adding useful links of this cards details , So do check them out and if you are a student who’s planning to study abroad or if you’re a traveler who’s planning to travel abroad and will be making payments abroad do get NIYO global card i’m sure you will get a lot of benefits out of it.

Niyo Global Card website: Click here

Niyo Global Card App : Click Here

Features of Niyo Global Cards:

NO 1

NiYO Global Card: It’s just like a normal Visa debit card which gives you access to global POS, ATM, and online transactions. Here are some feature on how to apply for it –

1. It can be Applied online and they will visit your place and will do the KYC formalities and the card will be issued to the bank account of SBM Bank on the spot.

2. You just have to deposit first time only through internet banking. Please note that mobile banking transfers will not work for the first time deposit.

3. You are all set with the niyo global carb . Take this card anywhere in the world ,where Visa card is accepted and you are ready to do your payment

4. The benefit of this card is that there is no markup or exchange fee like all the forex cards. There is no hustle for adding the particular currency again and again or reloading. It can be reloaded easily through NEFT, RTGS, IMPS.

5.Example: You load INR in your card and you visit US for a trip. You swiped there on one of the grocery outlet for 5$. The current US dollar pricing is lets say 80 rupees, so 400 rupees will be deducted from your card. NO exchange fee, NO advance markup fee, nothing.

6.The best part is you can temporarily lock/unlock your card when you need or card get stolen, check the live currency exchange rates, balance and transactions, everything with one touch on your mobile app.

7.They have whatsapp support and you get otp on your emails as well when you are abroad so need of sim for otp is also not an issue.

8 . The only drawback is that payments get settled by merchant after 2 days and that day’s exchange prices are deducted, and balance is either added or subtracted from your account.

9.Let me give an example. In the above transaction of 10$, the price when transaction will be approved by merchant after 2 days, that time exchange price changes to 69 rupees, so you will get 700–690= 10 rupees will be credited back in your account. At the same time if the exchange prices changes to 71 rupees, it will be 700–710= -10, so 10 rupees will be deducted from your account.

10. There is no ATM fee charged from NiYO Global card. However, the ATM that you are using, that bank might charge you some fee.

Overall its a best bet to take NiYO Global card with you as it will save you around 25% of your money, by giving you benefits like no markup fee, no exchange fee and no ATM transaction fee for straight 5 years.

This is the best card and 100% alternative for all the forex cards and I definitely recommend this as your companion on your international trips.

FAQ ( FREQUENTLY ASK QUESTIONS)

What is online banking.

Online Banking is doing banking without a visit to the branches for works transfer money, issuing atm cards, cheques book, account transfers, , draft and so many more activities which you can do without going bank.

What is the NIYO account?

NiYO  Global Card is a next-generation forex card that eliminates the many pain points of current-generation forex cards. To start with, it’s an INR card, which can be used globally (150+ countries), including in India and card can be loaded via any bank  account  using IMPS/NEFT without any charges.

What are the benefits of neo-banking?

Neo banks are known as Direct banks. They are 100% digital. They reach customers on their mobiles and PCs. They are technologically driven and have no physical presence (branch) like other banks. Being branchless banks they save spending on-premises and stationary etc. For customers, they need not go to bank premises for their normal banking transactions. They can get banking services on mobile any time just like net- banking or mobile banking. It is time-saving and hassle-free.

Also, Read – What Is the Difference Between a Credit Card And Line Of Credit?

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DCB Niyo Global Card 2023 Review | Niyo Forex Card Benefits, Charges, Eligibility

  • by Under20s.com
  • December 8, 2022

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Niyo Global Card is a smart zero fees forex travel card for a new generation of global travelers. This article aims at global niyo card, niyo global caard apply, apply for niyo global card, niyo international card, niyo forex card charges, niyo global login, niyoglobal, apply niyo global card, go niyo global card, niyo global by sbm, niyo sbm card charges, niyo global debit card.

You can have a glimpse at the table of contents to get a better understanding of the Niyo Global Forex Debit Card.

Table of Contents

What is Niyo Global Card?

Niyo Global Card is a smart zero markup forex travel card for a new generation of global travelers that takes away the major hassles they face when handling foreign currency during their travels. It is an INR-based card accepted worldwide (over 150 countries) including India.

It has the best acceptance rate for more than 100 currencies and the perfect combination of the benefits of a debit card and a niyo forex card combined into one card without any additional fees. The integrated Niyo Global app allows you to manage your card on the go along with many great features so you can easily manage your account no matter where you are in the world.

The best part about the card, apart from the zero currency surcharge, is that you never have to worry about converting Indian Rupees to any other currency, the card does it automatically with every purchase! So, whether you are planning to travel or just want to shop internationally here in India, the Niyo Global card can easily handle the task.

Find out why the Niyo Global card is the best travel card for international travel. Not only that, it is one of the best options for business travelers and students heading to international universities.

Also Read: What is “INDmoney”? | Is it Safe to use INDmoney for buying US Stocks | Reviews, Charges, and Cashbacks?

Niyo Global Card | Niyo Forex Card in Depth Details

The Niyo Global Card is a card you can use to make payments no matter where you are in the world. It is suitable for people like foreign students who save money or smart travelers, now you ask what features of the NIYO Global Card are the best for zero markups niyo forex.

So the thing with currency cards is that if you have to convert that amount to another currency you have to pay some additional fees, for example, if I google the conversion rate of pounds to Indian currency it will be around 100 but if I do load money into my niyo forex card I end up paying a conversion factor of about 104 to 105 so that’s an extra markup cost that is zero.

In the case of the Niyo Global Card, the next best feature is that you can load the card instantly, saving a lot of time and effort. I use UPI to load the card from my Indian bank accounts so I use my Indian bank account here because I can load money with my Indian UPI and then I can use Niyo global card to do foreign transactions.

Also Read: Slice Card | Card With Many Benefits | Apply, Benefits, Cashbacks, NoCost Emi, and Fees | Honest Review

 The Niyo Global Card can also give you access to airports, although it is currently limited to domestic airports, this is an added benefit, and like other cards, you can lock and unlock your card at any time, you will receive exclusive offers in the global guide Niyo you can also use an ATM locator to find ATMs in different locations and the app also has a live currency converter that you can use to check real-time currency rates. My experience with the Niyo Global Card has been very positive.

I use this card every time I use it I save at least three to five percent on niyo forex transactions because I don’t use any other forex card I can load money through UPI as I mentioned and no need to visit an Online site to load money in advance to save the hassle too, and the live currency converter helps me see how much I’ll end up spending on foreign transactions, so that’s all the benefits of the card, so if you have a passport, all that all you need is a Niyo Global Card and you’re ready to go global.

 I will be adding useful links on the details of this card so check them out if you are a student planning to study abroad or if you are a traveler planning to go abroad and will be making payments abroad, get the NIYO Global Card I am sure you will benefit a lot from it.

NIYO GLOBAL CARD CHARGES

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Niyo Global: Documents & Eligibility

Documents required and Eligibility criteria to apply for Niyo Global

Applicant must be a citizen of India and must be at least 18 years of age. In addition, these are the documents required to apply for a Niyo Global card:

  • Adhaar Card

Features of NIYO GLOBAL

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The Niyo Global account comes with a VISA Signature Tap and Pay International Debit Card with zero currency surcharge. The DIY Niyo Global Digital Account has many features that make it easy to make foreign currency payments:

  • Add money in INR via IMPS/NEFT/UPI
  • Works in 150+ countries
  • Free access to airport lounges across India
  • 5% interest per annum* on savings account with monthly interest payments
  • Built-in Niyo Global app for card and account management
  • Currency converter in the application in real-time
  • ATM locator in the application
  • Use your card in stores or at a network of merchants that accept VISA
  • Tap and Pay card for contactless payments
  • Reset your PIN on the go
  • Lock/Unlock/Lock the card through the app
  • Manage card limits on payment channels through the app
  • Concierge services (based on VISA Signature)
  • 24×7 in-app chat support
  • 100% digital adaptation
  • Zero account balance
  • Real-time transaction updates

How to open Niyo Global Account in 2023?

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If you are looking for the answer of question niyo global card apply? Then here is the answer.

Opening a Niyo Global account through the app is fast, easy, and 100% digital. Just follow these simple steps:

  • You can download the Niyo Global app from the play store or IOS store.
  • Enter your mobile number and confirm it by entering the one-time password that you will receive on your mobile number
  • Put your email address and verify it using a single sign-on system or OTP which you will get in your email id
  • Enter your PAN
  • Now enter your Aadhaar number and fill in the OTP received on your Aadhaar registered mobile number to complete Aadhaar-based KYC
  • To verify your identity, we will ensure that your PAN and Aadhaar details match
  • We verify valid CKYC records with your PAN and Aadhaar details. If found, you can continue
  • Enter your passport File number (usually found at the bottom of the address page or the last page of your passport)
  • Your passport number has been verified
  • Selfie time! Take your live photo
  • Update your personal details
  • Choose your shipping address (where you want your card delivered)
  • Add a nominee.
  • Your account will be created instantly after accepting the Terms and Conditions.

Niyo Global Card Benefits

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  • Nil for the first transaction every month and the second transaction is charged at the rate of INR 100 plus taxes + actual charges levied by the network/acquiring bank.
  • Load your card via IMPS/NEFT/UPI without any charges
  • It is accepted by all merchants that accept VISA worldwide.
  • Zero commission for forex.
  • This card can be used in India and worldwide. (Update: INR 20 per transaction for withdrawing cash from ATMs (domestic banks) – fee.
  • The balance on the card can be transferred back to the bank after the foreign tour.
  • Track expenses with the NiYO Global App in real-time.
  • You can reset your PIN instantly with NiYO Global App
  • 24/7 Priority Whatsapp Service for Niyo Global Cardholders.
  • No minimum balance or low fines
  • Real-time transaction alerts
  • Features such as an ATM locator and travel insurance are included with the card.

Use Niyo Global Card anywhere in the world

This is definitely one of the best and most unique features of Niyo Global. Niyo global card for students is best because students are always on the move. So whether you are in class, grocery shopping, hiking, cycling, running, or traveling, the app allows you to load your INR account from anywhere anytime via NEFT/RTGS/IMPS from any other Indian bank account.

If you want, you can of course top up your account with cash while in India by visiting any of the SBM Bank branches in New Delhi, Mumbai, Hyderabad, Bangalore, Chennai, and Ahmedabad (coming soon).

Once downloaded, you can use your account for transactions at the POS, online, money transfers, and more. in local currencies of more than 150 countries including India.

Spending Limits of Niyo Global Card

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Frequently Asked Questions (FAQs)

Is the niyo global card safe.

Niyo Global Card comes with Tap & Pay feature for contactless payments and a Chip & PIN security feature for secure transactions. The card also comes with dedicated card controls to lock/unlock the entire card or individual payment channels for both domestic and international payments.

Is Niyo Global RBI approved?

Niyo Global’s account is insured for up to 5 lakhs under the ‘Deposit Insurance and Credit Guarantee Corporation (DICGC)’, a wholly-owned subsidiary of the Reserve Bank of India (RBI).

Is NIYO Debit Card Free?

The first card you order through the NiyoX app will be free and there will be no annual service fee for a year. From the second year, the fee will be 150+GST.

Does the NIYO Global Card have lounge access?

A Niyo Global account provides one free airport lounge access every quarter at selected airports in India.

Where can I use the NIYO card?

The Niyo Global card can also be used to pay merchants on international sites, whether you are abroad or here in India. So, if you are planning to take online courses from international suppliers or want to buy something online from overseas merchants, it is easier than ever.

How to deposit money into the NiYO Global account?

You can visit your nearest Equitas Small Finance Bank branch and deposit cash into your savings account, or you can also deposit cash through ATMs at selected ATM centers.

How do I contact Niyo Global Customer Care?

In case of any difficulties, please call Niyo 24/7 Customer Support: 1860 258 6496. 

What is a Niyo Global SBM Account?

Niyo Global by SBM is an Interest Savings Bank Account with Zero Signature Forex VISA Card. Niyo and SBM Bank India Limited have partnered to launch Niyo Global by SBM.

Which is better NIYO DCB or SBM?

The functionality of Niyo Global by SBM and Niyo Global by DCB remains the same. Key Differences: Niyo SBM is a savings account that earns you up to 5% on deposits and gives you the option to create a UPI ID using any third-party app once you get the card.

Read from Financial Club by Under20s Media

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  1. niyo global card review

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  2. Niyo Global Card Detailed Review after 6 Months Use || Best Forex Card

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  3. International Travel Card by Niyo Global

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  4. Niyo Global Card- Benefits, Apply & Review

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  5. NiYO Global Card Review: Best For International Travel

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  6. All You Need to Know about Niyo Global Card

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VIDEO

  1. Niyo global card

  2. Download the NIYO GLOBAL APP

  3. Throw a Dart on Global Map & Go where it lands

  4. Niyo Global Credit Card

  5. Travel global with best international Visa card

  6. RBI Bans Niyo Global Forex Card #Shorts

COMMENTS

  1. Niyo Global Card- Benefits, Apply & Review

    The Niyo Global card is exclusively offered to Indian passport holders who have a Niyo Global digital savings account. You can earn up to 7% interest per annum on your savings account balance. The forex card is available in both a physical as well as virtual variant. The virtual card, however, allows only online domestic transactions.

  2. Anyone here used a Niyo Global card (backed by SBM)?

    Niyo one seems to be meant for international transactions so that feature seems unlikely to be turned off on their arbitrary wishes. I don't travel but I'll use it for purchasing stuff from amazon.com and similar sites where there isn't any requirement for otp verification.

  3. Which is Better For International Travel, Niyo Global Card or Forex Card?

    Here is a complete in-depth comparison between a typical Forex Card and Niyo Global card keeping in mind the practical aspects of owning and using both cards abroad. 1. Ease of getting the card. "Forex Card is quicker to obtain but if you plan ahead, the Niyo Global Card is easier and more convenient to get hold of".

  4. India's Best Forex Card: Niyo Global Review

    The Niyo Global card and account is a great forex travel card for students, people that work internationally or anyone that needs to make payments in a forei...

  5. Niyo Global Card Detailed Review after 6 Months Use

    Niyo Global Card Detailed Review after 6 Months Use || Best Forex Card?You would've heard a lot of good things about Niyo Global Card - That is is the Best F...

  6. What is Niyo Global Card: A Guide on Charges and Benefits

    The Niyo Global Card is a zero forex markup smart travel card for the new generation of global travellers that eliminates the major pain points they encounter with handling foreign currency during their travels. It's an INR-based card accepted globally (150+ countries), including India.

  7. Niyo Global Card

    Niyo Product. HZaheer (Hina Zaheer) July 31, 2022, 5:31am 1. Hi, After using the SBM niyo global card for 2 months I thought I'll write a review. Hope this is helpful for others thinking about getting the card! Applying for the card: The application process wasn't the most streamlined but fortunately it all worked out in the end.

  8. Ultimate Review of Niyo Global Card for international trips

    An honest Niyo global Card Review - Best card for international trip, Niyo global card benefits for students, niyo global card charges, niyo forex card, ... Features of Niyo Global Card. Niyo Global Card is a prepaid travel card that can make secure, convenient, and cost-effective payments while travelling abroad. Over 30 million merchants ...

  9. Travelling abroad with the Niyo Global card

    1. One of the persistent pain points of travelling abroad as an Indian is the hassle of changing currency. We have very few easy-to-use processes: carrying cash that we receive at an exchange ...

  10. Why Niyo Global is best Indian student card for Study abroad

    When it comes to choosing the best International debit card for transactions, Niyo Global aims to make your banking needs for travel, study, and beyond a smooth and hassle-free experience. With this interest-earning savings bank account, you can load your account in INR (Indian Rupees) and spend in the local currencies of over 150 countries.

  11. Niyo Global card: a new experience

    Niyo Global card: a new experience. This is an update to my previous review of the Niyo Global card that is available here. You should read that first for more context. I have continued to use the ...

  12. Niyo Global Card Vs Axis Bank Forex Card Charges and more!

    ATM Withdrawal Charges. Niyo Global Credit Card by SBM Bank - ₹300+GST Niyo Global Debit Card by Equitas Bank - ₹110+GST Niyo Global Debit Card by DCB bank - ₹300+GST. Varies depending on the currency you withdraw. Extra Perks. - Free airport lounge access# - Swift card delivery in 2-3 days - TCS-free spends up to ₹7 lakh.

  13. Niyo Global Card vs BookMyForex Forex Card

    Reasons to Buy Niyo Global Card. Here are a few reasons you must go through before you even plan to buy a Niyo Global card: 1. This VISA Signature Niyo Global Card claims to have no forex markup, however, it is based on the VISA exchange rates. 2. You can load your Niyo Global card in INR which automatically converts to the local currency. 3.

  14. NiYO Global Forex Card Review (2020)

    NiYO Global Forex Card Review (2020) NiYO Global Card is a next generation forex card which eliminates the many pain points of current generation forex cards. To start with, it's an INR card, which can be used globally (150+ countries), including India and can be loaded via any bank account using IMPS/NEFT/UPI without any charges.

  15. NIYO GLOBAL CARD Review: Best International FOREX CARD

    3. You are all set with the niyo global carb . Take this card anywhere in the world ,where Visa card is accepted and you are ready to do your payment. 4. The benefit of this card is that there is no markup or exchange fee like all the forex cards. There is no hustle for adding the particular currency again and again or reloading.

  16. The Niyo Global forex card seems too good to be true. Is there ...

    I am planning to get my first international travel card. Since i dont know much about forex trade, i dont know how the lock-in feature of other forex cards will be of use to me. The niyo global card doesnt have a lock-in feature. On all other aspects, the Niyo global seems to beat all the other cards out there.

  17. Travel Cashless Across the World with Niyo Global

    Here are the top 4 benefits of travelling cashless and using international travel cards. Travel cashless to save on forex charges. While spending in foreign currency, charges add up in terms of forex fees etc. International travel card such as the Niyo Global card comes with zero forex markup, meaning all currency conversions happen in real ...

  18. DCB Niyo Global Card 2023 Review

    Niyo Global Card Benefits. Nil for the first transaction every month and the second transaction is charged at the rate of INR 100 plus taxes + actual charges levied by the network/acquiring bank. Load your card via IMPS/NEFT/UPI without any charges. It is accepted by all merchants that accept VISA worldwide.

  19. Niyo Global Card Review & Unboxing

    Niyo Global Card Unboxing & Review | Which Travel Card Do i Use For my Travels ? | Niyo Global Card#forex #travel #visacard #bank #sbm #dubai #vlog #vlogger ...

  20. Niyo Global

    This is among the top travel card benefits of Niyo Global cards, especially if you are travelling abroad and falling short on funds in your card. 24×7 Customer Support; Your Niyo Global debit card and credit card benefits give you access to 24×7 in-app chat support. We'll be here to help you with any issues you may face while using the card.

  21. Niyo Global Card Review

    Niyo Global Card Review at Others. -- Created at 02/09/2022, 16 Replies - Finance -- India's Fastest growing Online Shopping Community to find Hottest deals, Coupon codes and Freebies. ... I simply opened my Niyo account for onshore travel and the currency card. Prior to the account being opened, all aspects of account opening and the issuance ...

  22. International Debit and Credit Card by Niyo Global

    Niyo, in partnership with SBM Bank India and VISA, strives to address these and many more issues through our newest offering—Niyo Global. The Niyo Global digital savings account aims to make your global banking needs for travel, study, and beyond a smooth and hassle-free experience. With this interest-earning savings bank account, you can load your account in INR (Indian Rupees) and spend in ...