If you’re a frequent flyer or conduct regular international transactions for work, forex charges on your credit card can silently eat into your business expenses. With most banks charging 2%–3.5% as foreign markup fees, smart travellers in 2025 are now switching to zero or low forex markup credit cards to save money, earn rewards, and access airport privileges.
Here’s a curated list of the best credit cards in India with zero or low foreign transaction fees, perfect for business professionals and entrepreneurs.
Best Credit Cards with Zero Forex Markup
These cards eliminate bank-imposed forex charges, making every international transaction more cost-effective.
| Card | Forex Markup | Key Benefits | Annual Fee | Lounge Access |
|---|---|---|---|---|
| RBL Bank World Safari Credit Card | 0% | Free MakeMyTrip voucher, travel insurance, concierge, reward points | ₹3,000 + taxes | Domestic + International |
| Federal Bank Scapia Credit Card | 0% | 10% travel rewards, lifetime free, unlimited domestic lounge (on spends) | ₹0 | Domestic (based on usage) |
| IDFC FIRST WOW! Credit Card | 0% | FD-based, 4x rewards on travel, global acceptance, app-managed | Lifetime Free (FD) | Limited |
| Niyo Global Card (SBM/DCB) | 0% | Visa interbank rate, 150+ countries, app control, low-cost forex savings | ₹0–₹250 | None |
| BookMyForex True Zero Markup Card | 0% | Linked to real interbank forex rate, travel card convenience | Varies | None |
| HDFC Regalia ForexPlus Card | 0% | Concierge, PayWave, no cross-currency charges, international coverage | ₹1,000 + taxes | 1 per quarter |
Top Cards with Low Forex Markup (<2%)
Some high-end cards offer substantial rewards and benefits while keeping forex charges below market averages.
| Card | Forex Markup | Key Business Features | Annual Fee | Lounge Access |
|---|---|---|---|---|
| AU Zenith+ Credit Card | 0.99% | Up to 20,000 bonus points, domestic lounge access | ₹7,999 | Yes (Domestic) |
| Axis Bank Burgundy Private | 0% | Invite-only, luxury lifestyle benefits, unlimited airport lounges | Invite-only | Unlimited |
| HDFC Infinia Credit Card | 2% | Premium travel perks, unlimited lounge access, concierge service | ₹12,500+ | Unlimited |
| YES Bank Visa Infinite | 0% | Travel insurance, global lounge access, emergency services | Invite-only | Unlimited |
| ICICI Emeralde Private Credit Card | 2% | Dining/travel concierge, complimentary insurance | ₹12,000 | Unlimited |
| SBI Card ELITE | 1.99% | 6x reward points on international spend, complimentary travel insurance | ₹4,999 | Yes |
Why These Cards Are Ideal for Business Travel
Zero or Low Forex Markup: Save up to ₹5,000 per ₹1 lakh in international spending.
Global Card Acceptance: Use anywhere via Visa, Mastercard, or Amex networks.
Airport Lounge Access: Stay productive, rest, or meet clients in comfort during layovers.
Business-Friendly Rewards: Earn extra points on flights, hotels, and foreign expenses.
24/7 Concierge & Support: Access to personal assistance for bookings, reservations, and emergencies.
Travel Insurance: Protects against delays, cancellations, lost baggage, and medical emergencies.
Business Use Case Recommendations
| Your Goal | Best Card Options with Application Link |
|---|---|
| Luxury Global Travel | Axis Burgundy Private, YES Bank Infinite, HDFC Infinia |
| Value + Lounge Access + Forex Savings | RBL World Safari, Federal Scapia |
| Pure Forex Cost Savings | Niyo Global, BookMyForex Card |
| Entry-Level with No Income Proof | IDFC FIRST WOW! (FD-backed, lifetime free) |
Things to Keep in Mind
Invite-Only Cards: Axis Burgundy, YES Infinite, and Infinia require elite banking relationships or internal referrals.
Zero Forex ≠ Zero Spread: You still pay Visa/Mastercard rates, which may include small hidden spreads. But no extra bank markup means real savings.
Cash Withdrawals & DCC Charges: International ATM withdrawals or choosing to pay in INR abroad can incur fees—opt for “Pay in Local Currency.”
Digital Experience: Scapia and Niyo offer app-based onboarding and control, ideal for modern professionals on the move.
How to Apply via PickMyWork
- Sign up on PickMyWork
- Choose the right credit card in the credit card section on the app
- Apply or refer others
- Earn commission on each approved application
Apply now or start referring on PickMyWork App – Download Link – Android, iPhone
Business travel shouldn’t cost you more than necessary. With the right zero or low forex markup credit card, you can:
- Avoid unnecessary charges,
- Earn elite travel perks,
- Stay comfortable in lounges, and
- Track/manage expenses on the go.
Whether you’re flying out monthly for meetings or managing international suppliers, these cards can offer both savings and sophistication. Review your use case and eligibility—and pick the card that aligns with your business lifestyle.
Frequently Asked Questions (FAQs)
1. What does zero forex markup mean?
It means the bank does not charge any extra fee over the card network’s exchange rate (Visa, Mastercard). This helps you avoid 2–3.5% fees most banks impose.
2. Are these cards safe to use abroad?
Yes. All cards listed are internationally accepted and come with fraud protection, app tracking, and customer support.
3. Which card offers both zero forex and lounge access?
The RBL World Safari Credit Card and Federal Bank Scapia Card offer both, making them great for frequent travellers.
4. Can business owners get these cards without a salary slip?
Yes, IDFC FIRST WOW! Credit Card is FD-based and does not need income proof. It’s ideal for business owners or self-employed professionals.
5. Are there any hidden fees with zero forex cards?
While there’s no markup on currency exchange, some cards may have charges like annual fees, ATM withdrawal fees, or late payment penalties. Always read the T&Cs.
6. What is PickMyWork and how can it help me get a credit card?
PickMyWork is a trusted platform that partners with top banks and fintechs in India to help users — including students and gig workers — apply for credit cards, bank accounts, and more. It simplifies the process by listing only genuine, rewarding offers, and many cards can be applied for without needing complex paperwork or income proof.
7. Is the credit card application process easy with PickMyWork?
Yes! With PickMyWork, most credit card applications take just 2–3 minutes. You can apply digitally using basic details like PAN, Aadhaar, and a mobile number. For secured cards (FD-based), you can often complete everything online — no branch visit required.
