I know about some forex cards through insta but are there any forex cards for businesses or should they the traditional method like swift, paypal etc for their business transaction. Also if there are cards which offer great forex rates is there any other benefits of using them or just forex use.
Hello Pappu, When I first started managing my business expenses, I noticed how quickly foreign transaction fees could add up on international purchases. That’s when I realized the value of business credit cards that don’t charge foreign transaction fees, especially for entrepreneurs and businesses dealing with overseas vendors or travel.
1. Why They Matter?
Business credit cards without foreign transaction fees allow you to make purchases in foreign currencies without paying the typical 2–3% conversion fee. Over time, this can lead to significant savings, particularly for recurring international transactions or global software subscriptions.
2. Key Features and Benefits:
• Reward Points: Earn accelerated points on travel, office supplies, and online purchases.
• Expense Management: Track and manage business expenses efficiently through detailed statements and reporting tools.
• Additional Perks: Some cards offer lounge access, travel insurance, and subscription discounts for business services.
• Higher Credit Limits: Designed to handle the larger spend requirements of businesses.
3. Popular Options in India:
Some business credit cards that often provide foreign transaction fee waivers include:
• HDFC Business Regalia Edge
• ICICI Business Advantage Credit Card
• Axis Bank Business Credit Cards
Always check the terms and conditions for each card to ensure there are no hidden charges for currency conversions or international transactions.
4. Official Guidance:
For more details on business credit card offerings and features, you can visit HDFC Bank’s official business cards page: