Best Zero Forex Mark-up Fee Credit Cards

Zero forex mark-up credit cards can be considered one of the essentials for frequent international travellers as they help you save on every overseas transaction by eliminating or significantly reducing foreign currency conversion charges. These cards not only reduce the cost of your international spends but often come with additional travel-focused benefits, such as accelerated reward points on travel, points-to-miles conversion, complimentary lounge access, and discounts on flights and hotels. To help you make the most of your trips abroad, here is a curated list of the best zero forex mark-up credit cards that offer strong value and let you maximise your overall savings.

Best Zero Forex Mark-up Credit Cards in India

IDFC FIRST WOW! Credit Card

3_/5

Joining fee: ₹0

Annual/Renewal Fee: ₹0

Lifetime free credit card

Zero forex markup fee

Lifetime Free

Rewards

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Product Details

• Up to 4 reward points for every Rs. 150 spent (including utilities & insurance premium)
• 6.3% p.a. interest on the FD amount
• Up to 45 interest free days on cash withdrawals

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Federal Bank Scapia Credit Card

3.5_/5

Joining fee: ₹0

Annual/Renewal Fee: ₹0

Up to 20% Scapia coins on your spends

Zero forex mark-up fee with unlimited access to domestic airport lounges

Travel

Lounge Access

Lifetime Free

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Product Details

• 20% Scapia coins on travel bookings made on Scapia app
• 10% Scapia coins on online & offline purchases, where 5 Scapia coins = Rs. 1
• Zero forex mark-up fee
• Unlimited domestic airport lounge access on spending min. Rs. 10,000 every month
• Lifetime free credit card

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Ixigo AU Credit Card

3.5_/5

Joining fee: ₹0

Annual/Renewal Fee: ₹0

10% discount on travel bookings at Ixigo

Up to 10 reward points per Rs. 200 spent

Travel

Lifetime Free

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Product Details

• 10% discount on bus bookings, max. Rs. 300 once per month via Ixigo
• 10% discount on flight bookings, up to Rs. 1,000 once per month via Ixigo
• 10% off on hotel bookings, up to Rs. 1,000 once per month via Ixigo
• Zero forex markup fee
• 16 free visits to domestic airport and railway lounges and 1 free visit to international airport lounge per year

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RBL World Safari Credit Card

3.5_/5

Joining fee: ₹3000

Annual/Renewal Fee: ₹3000

Zero forex markup fee

5 reward points per Rs. 100 on domestic & international travel spends

Travel

Rewards

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Product Details

• 10,000 reward points on spending Rs. 2.5 Lakh in a year
• 15,000 reward points on annual spends of Rs. 5 Lakh
• Voucher worth Rs. 10,000 of top brands, including Taj Experiences, Amazon, Croma, Myntra & MakeMyTrip on annual spends of Rs. 7.5 Lakh
• Fuel surcharge waiver up to Rs. 250 per month on fuel spends of Rs. 500 to Rs. 4000
• 1 complimentary golf lesson every month & 4 complimentary rounds of green fee every year

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IDFC FIRST Mayura Credit Card

3_/5

Joining fee: ₹5999

Annual/Renewal Fee: ₹5999

10X rewards on monthly spends above Rs. 20,000; 5X rewards below that

Up to 8 international, 16 domestic (+4 guest visits) lounge access per year

Travel

Lounge Access

Rewards

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Product Details

• 1X rewards = 1 Reward Point per Rs. 150 spent
• No forex mark-up fee; Reimbursement of up to Rs. 50,000 on flight/hotel booking cancellation, twice per year
• Buy 1 and get up to Rs. 500 off on 2nd movie ticket on BookMyShow, twice per month
• 7,500 Reward Points on Rs. 8 lakh annual spends and 15,000 Reward Points on Rs. 15 lakh annual spends
• Up to 2 golf rounds per month, 1st on Rs. 20,000 monthly spends and 2nd on Rs. 40,000 monthly spends

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AU NOMO Credit Card

3_/5

Joining fee: ₹0

Annual/Renewal Fee: ₹0

Up to 1,000 reward points as quarterly milestone bonus

2 domestic airport lounge visits per quarter; 0.99% forex mark-up

Rewards

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Product Details

• 2 reward points per Rs. 100 spent on retail
• 2 domestic airport lounge visits per quarter on min. Rs. 20,000 quarterly spends
• 2 railway lounge visits per quarter
• 500 reward points on reaching Rs. 25,000 quarterly retail spends
• Additional 500 reward points on reaching Rs. 50,000 quarterly retail spends

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MakeMyTrip ICICI Bank Credit Card

3.5_/5

Joining fee: ₹999

Annual/Renewal Fee: ₹999

Up to 6% savings on MakeMyTrip spends

Rs. 1,000 MMT voucher every year

Travel

Rewards

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Product Details

• 6% myCash (12 myCash per Rs. 200) on MakeMyTrip hotel bookings
• 3% myCash (6 myCash per Rs. 200) on flights, holiday packages, cabs & bus bookings via MakeMyTrip
• 25 myCash on MMT train bookings; 1 myCash = Rs. 1
• 1% myCash on other spends; Low forex mark-up fee of 0.99%
• Buy 1, get 25% off up to Rs. 150 on the 2nd BookMyShow ticket, once a month

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AU Zenith+ Credit Card

3.5_/5

Joining fee: ₹4999

Annual/Renewal Fee: ₹4999

2X reward points on travel, dining and international spends

16 complimentary international and domestic lounge access every year

Travel

Movies

Rewards

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Product Details

• 1 reward point for every Rs. 100 on retail spends
• 1,000 reward points on Rs. 75,000 monthly retail spends & Taj Epicure membership on Rs. 12 Lakh annual retail spends
• 16 complimentary international lounge visits in a year using Priority Pass & 16 complimentary domestic airport lounge access every year
• 16 complimentary B1G1 movie/event tickets from BookMyShow in a year
• International travel benefits with a low forex markup fee of 0.99% and 4 end-to-end VIP airport check-in services per year
• Low forex markup fee of 0.99%

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IDFC FIRST Ashva Credit Card

3.5_/5

Joining fee: ₹2999

Annual/Renewal Fee: ₹2999

10X rewards on monthly spends above Rs. 20,000; 5X rewards below that

Up to 16 domestic and 8 international lounge access per year

Travel

Lounge Access

Movies

Rewards

Check Eligibility

Product Details

• 1X rewards = 1 Reward Point per Rs. 150 spent
• 7,500 Reward Points on reaching Rs. 8 lakh annual spends post annual fee payment
• 1% forex mark-up and reimbursement of up to Rs. 25,000 on flight/hotel booking cancellations, twice a year
• Buy 1 and get up to Rs. 400 off on the 2nd movie ticket via BookMyShow, twice every month
• Up to 2 golf rounds per month, 1st on Rs. 20,000 monthly spends and 2nd on Rs. 40,000 monthly spends

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YES BANK Marquee Credit Card

4_/5

Joining fee: ₹9999

Annual/Renewal Fee: ₹4999

36 YES Rewardz Points per Rs. 200 spent online & 18 on offline spends

Up to 24 domestic & unlimited international airport lounge visits per year

Travel

Premium

Rewards

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Product Details

• 1% forex mark-up fee
• Up to 12 complimentary golf lessons in a year & 4 green fee waivers at select golf courses in India
• 60,000 and 20,000 YES Rewardz Points on joining and renewal fee payments respectively
• B1G1 offer with up to Rs. 800 off per BookMyShow movie ticket with max. 3 free tickets per month
• Min. 15% off on dining via Dining Fiesta program

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Compare (2/3)

Top Zero Forex Mark-up Credit Cards in India 2026

Here is the list of top cards that offer zero or low forex mark-up charges on your international expenses to help you find the right credit card for your needs:

1. IDFC FIRST WOW! Credit Card

Forex Mark-up Fee: Nil
Annual Fee: Nil

Key Features and Benefits:

• Rs. 20,000 min. FD amount
• Credit and cash withdrawal limits of up to 100% of the FD amount
• 4 reward points per Rs. 150 spent
• 1 reward point = Rs. 0.25

This IDFC FIRST Bank credit card is a lifetime-free secured card that offers rewards on every card spend without charging any annual fee. A decent option for new-to-credit customers, this card can help in building your credit profile and score, along with understanding how credit card rewards work. Though it comes with basic rewards, the zero foreign currency exchange fee is a welcome added benefit, especially for those who often make international purchases.

2. Federal Bank Scapia Credit Card

Forex Mark-up Fee: Nil
Annual Fee: Nil

Key Features and Benefits:

• 20% Scapia coins on travel bookings on Scapia app
• 10% Scapia coins on all other spends; 5 Scapia coins = Rs. 1
• Unlimited domestic airport lounge visits on reaching Rs. 10,000 monthly spends
• Up to Rs. 1,000 off on spends at domestic airports on reaching Rs. 10,000 monthly spends
• 5% rewards on UPI/RuPay spends of min. Rs. 500 made via RuPay variant

This Federal Bank credit card is a co-branded card that is tailor-made for frequent travellers and the zero forex mark-up feature further enables travellers by reducing their costs during their international trips. In addition to Scapia coins that can be redeemed for future travel bookings, this card also offers airport benefits, like complimentary lounge access and airport shopping discount. These benefits make the travel experience more convenient and help the cardholders maximise their overall value-back by making the most of the travel benefits provided with the card.

Suggested Read: How Can Zero Forex Credit Cards Help You Save

3. Ixigo AU Credit Card

Forex Mark-up Fee: Nil
Annual Fee: Nil

Key Features and Benefits:

• Up to 10% off on flight, hotel and bus bookings on ixigo
• PG charges waived on train bookings on ixigo, twice per month
• 10 reward points per Rs. 200 spent online
• 5 reward points per Rs. 200 spent offline; 1 reward point = Rs. 0.25
• 1 international airport lounge visit per year
• Up to 8 domestic airport lounge visits per year on Rs. 20,000 quarterly spends
• 8 railway lounge visits per year

This AU credit card is a co-branded card that offers direct discount on travel bookings made through the associated platform – ixigo. At zero annual and forex mark-up fee, this card comes with considerable saving options and lets the users earn rewards, in addition to the travel discounts. The complimentary lounge access feature is offered across airports as well as railway stations, making the time before and after the travel more comfortable for the cardholders. These features make it a good option for those who prefer making their travel bookings on ixigo or are looking for a platform co-branded card with direct travel discount and no annual charges.  

4. RBL World Safari Credit Card

Forex Mark-up Fee: Nil
Annual Fee: Rs. 3,000

Key Features and Benefits:

• 5 reward points per Rs. 100 spent on travel retail purchases
• 2 reward points per Rs. 100 spent domestically
• 10,000 reward points on Rs. 2.5 lakh annual spends
• 15,000 reward points on Rs. 5 lakh annual spends
• Taj Experiences, MMT, Myntra, Amazon or Croma voucher of Rs. 10,000 on Rs. 7.5 lakh annual spends
• Up to 8 domestic and 2 international airport lounge visits per year

This RBL credit card enables frequent travelers by not just eliminating forex mark-up charges, but also through a variety of travel-related benefits. However, the base reward rate on domestic spends is slightly low. Despite that, accelerated reward rate on travel spends and complimentary lounge access, along with milestone bonuses of up to 25,000 reward points and voucher, contribute significantly to the overall savings. This card can be suitable for those who can maximise their value-back by meeting the spending milestones and use the earned rewards and voucher well.

5. IDFC FIRST Mayura Credit Card

Forex Mark-up Fee: Nil
Annual Fee: Nil

Key Features and Benefits:

• 10X reward points on incremental monthly spends above Rs. 20,000
• 5X reward points on monthly spends of up to Rs. 20,000
• 50X bonus reward points on hotels booked via “Travel & Shop” section on IDFC FIRST Bank app
• 30X bonus reward points on flights booked via “Travel & Shop” section on IDFC FIRST Bank app
• 1 reward point per Rs. 150 spent; 1 reward point = Rs. 0.50 for travel on ‘Travel & Shop’ on IDFC FIRST Bank app
• 7,500 reward points on Rs. 8 lakh annual spends
• 15,000 reward points on Rs. 15 lakh annual spends
• Up to 16 domestic lounge and spa visits per year with 4 free guest visits
• Up to 16 international lounge and 16 railway lounge visits per year
• Flight and hotel cancellation cover of up to Rs. 50,000, twice a year
• Rs. 5,000 off on a min. booking of Rs. 25,000 at The Postcard’s luxury hotels and resorts in India, once per quarter

IDFC FIRST Mayura is an all-rounder credit card which offers accelerated savings on travel. With up to 25% bonus savings on travel via rewards, higher reward redemption value for travel bookings and up to 15,000 rewards as milestone bonus, this card is suitable for travellers. Though most cards in this range offer complimentary lounge access, free guest visits add to the card’s value. Not just travel, free gold rounds/lessons and buy 1 get 1 offer on movies make this card an all-rounder which caters to multiple lifestyle needs.

6. AU NOMO Credit Card

Forex Mark-up Fee: 0.99%
Annual Fee: Nil

Key Features and Benefits:

• 2 reward points per Rs. 100 spent on retail; 1 reward point = Rs. 0.25
• 2 domestic airport lounge visits per quarter on min. Rs. 20,000 quarterly spends
• 2 railway lounge visits per quarter
• 500 reward points on reaching Rs. 25,000 quarterly retail spends
• Additional 500 reward points on reaching Rs. 50,000 quarterly retail spends

AU NOMO is a secured credit card that comes with good reward benefits for its users. 0.99% forex mark-up fee is quite low compared to most secured and other low annual fee credit cards which come with 3.5% forex mark-up. Moreover, this card rewards the spends quite well through up to 1,000 bonus reward points every quarter on reaching an easily achievable spending milestone. Another spend-based benefit of domestic lounge access further lets the card users get a good value-back through this card.

7. MakeMyTrip ICICI Bank Credit Card

Forex Mark-up Fee: 0.99%
Annual Fee: Rs. 999

Key Features and Benefits:

• 6% myCash on hotel bookings via MMT
• 3% myCash on flights, holiday packages, cabs and bus bookings via MMT
• 1% myCash on all other spends
• 25 myCash per train booking via MMT; 1 myCash = Rs. 1
• Up to 4% cashback on spends made on iShop
• 8 domestic airport lounge visits per year
• 1 international airport lounge visit per year
• Buy 1 ticket and get 25% off, up to Rs. 150, on the 2nd ticket on BookMyShow & INOX, twice a month
• MMTBLACK Gold Tier on annual spends between Rs. 50,000 and Rs. 2 lakh, along with the completion of more than 4 trips
• MMTBLACK Platinum Tier on annual spends of Rs. 2 lakh or more, in addition to completing over 4 trips

This ICICI Bank credit card is co-branded with a popular travel booking platform. It comes with up to 6% savings on MMT travel spends in the form of myCash that can be redeemed against travel bookings made on the associated platform – MakeMyTrip. Not just MMT, cardholders can also save through up to 4% cashback on travel and other spends on iShop platform. Low spending requirement for MMTBLACK tier upgrade, minimal forex markup and complimentary lounge access add to the travel savings, thus making this card a fit in for frequent travellers who are also MMT loyalists.

8. AU Zenith+ Credit Card

Forex Mark-up Fee: 0.99%
Annual Fee: Rs. 4,999

Key Features and Benefits:

• 2 reward points per Rs. 100 spent on dining, travel, and international spends
• 1 reward point per Rs. 100 spent on other categories; 1 reward point = Rs. 1
• Up to 16 international airport lounge visits per year via Priority Pass, max. 4 per quarter
• Up to 16 domestic airport lounge visits per year
• Up to 16 movie/event tickets under buy 1 get 1 free ticket offer on BookMyShow, capped at 4 free tickets with up to Rs. 500 off per ticket per quarter
• 4 airport meet & assist concierge services with end-to-end airport VIP check-in per year, max. 1 per quarter
• 1,000 reward points on reaching Rs. 75,000 monthly spends
• Taj Epicure membership on reaching Rs. 12 lakh annual spends

Suggested Read: Best Credit Cards for International Travel

9. IDFC FIRST Ashva Credit Card

Forex Mark-up Fee: 1%
Annual Fee: Rs. 2,999

Key Features and Benefits:

• 10X reward points on incremental monthly spends above Rs. 20,000
• 5X reward point on up to Rs. 20,000 monthly spends; 1 reward point = Up to Rs. 0.40
• 50X bonus reward point on hotels and 30X on flights booked via ‘Travel & Shop’ section on IDFC FIRST app
• Up to 16 domestic lounge visits per year on spending min. Rs. 20,000 in a month
• Up to 8 international lounge visits per year on spending min. Rs. 20,000 in a month
• Up to 16 railway lounge visits per year at select Indian Railway terminals on spending min. Rs. 20,000 in a month
• 7,500 reward point on paying annual fee and reaching Rs. 8 lakh annual spends in the previous year
• Buy 1 and get up to Rs. 400 off on the 2nd movie ticket on District app, twice per month

10. YES BANK Marquee Credit Card

Forex Mark-up Fee: 1%
Annual Fee: Rs. 4,999

Key Features and Benefits:

• 36 YES Rewardz Points per Rs. 200 spent on online shopping
• 18 YES Rewardz Points per Rs. 200 on offline spends; 1 point = Up to Rs. 0.25
• Buy 1 and get up to Rs. 800 off per movie ticket on BookMyShow with max. 3 free tickets on purchasing 3 regular tickets per month
• Up to 24 domestic airport lounge visits per year, max. 6 per quarter
• Unlimited international airport lounge visits
• 8 domestic or international airport lounge visits per year for guests

This YES BANK credit card offers benefits related to varied lifestyle needs, like online shopping, travel, dining and entertainment. With up to 4.5% savings through rewards on online spends and 2.25% savings on offline spends, this card competes well with other premium credit cards like HDFC DC Black credit card which offers up to 3.33% value-back as rewards. This card offers benefits beyond its annual charges through rewards as well as other travel and lifestyle spends, making it suitable for travellers, online shoppers, and high-spenders.

Other Credit Cards with Low Forex Mark-up Fee

FAQs

Q. Are zero forex mark-up credit cards completely free of foreign transaction charges?
A. Yes, zero forex mark-up credit cards do not charge any fee on foreign currency transactions. However, all credit card cash withdrawals come with additional charges.

Q. Which ICICI credit card has zero forex mark-up?
A. ICICI Bank does not offer credit cards with zero forex mark-up charges, however, MakeMyTrip ICICI Bank Credit Card comes with a reduced forex mark-up fee of 0.99%.

Q. Do zero forex markup credit cards still attract GST or other taxes?
A. If a credit card does not come with any forex mark-up fee, your foreign currency transactions will not attract any taxes that are generally associated with the fee either. However, additional charges apply on foreign currency cash withdrawals made using a zero forex mark-up card.

Q. Who should apply for a zero forex mark-up credit card?
A. The customers who frequently travel abroad or make international purchases should consider applying for a zero forex mark-up credit card to save on additional charges and reduce the total cost.

Q. Can I use a zero forex mark-up credit card for online international purchases?
A. Yes, you can use zero forex mark-up credit cards for online international purchases.

Q. Do zero forex mark-up credit cards offer reward points on foreign spends?
A. Yes, the reward program of zero forex mark-up credit cards generally includes reward points earnings on foreign spends.

Q. What is the difference between zero forex mark-up and low forex mark-up credit cards?
A. Primarily, most credit cards come with a forex mark-up fee of 3.5% of the international transaction amount. On the contrary, zero forex mark-up credit cards do not come with any such charges and low forex mark-up credit cards are those which charge a reduced fee, generally below 3.5% but more than zero.

Q. Do zero forex mark-up credit cards have higher annual fees?
A. No, credit cards across the annual fee range can come with zero forex mark-up fee. For instance, cards with zero forex mark-up fee include lifetime free cards like Federal Bank Scapia and ixigo AU, along with cards with higher annual fees, like RBL World Safari and Axis Burgundy Private.

Q. Can students or first-time users get a zero forex markup credit card?
A. Yes, students and first-time users can get certain zero forex mark-up credit cards. Even if they are not eligible for unsecured credit card options, some secured credit cards can also be considered. For instance, IDFC FIRST WOW! comes with zero forex mark-up and AU NOMO comes with a reduced forex mark-up of 0.99%.

Q. Which zero forex mark-up credit card is the best for frequent travellers?
A. While zero forex mark-up credit cards can be a good option for all frequent international travellers, the best-suited option should be chosen based on overall card features and the card’s value-back potential based on your spending patterns. 

Q. Do zero forex mark-up cards support international ATM cash withdrawals?
A. Yes, you can use zero forex mark-up credit cards for international ATM cash withdrawals. But you should keep in mind that similar to general credit cards, such cash withdrawals using zero forex mark-up cards are also accompanied with a one-time withdrawal fee and high interest charges from the day of withdrawal.