In this article, we are going to talk about an exceptional credit card. On the one hand, this card gives a lot of travel benefits; on the other hand, it gives you a facility for the transaction of up to 22 different currencies. Moreover, as this is basically a chip credit card, that’s why the transaction is very safe and secure. So, today we are going to talk about one of the best travel credit cards, which name is the HDFC Multicurrency Platinum Forexplus Chip credit card.
In today’s article, we will do an in-depth review of this card, covering all the necessary topics related to this one. So, if you think about issuing this card now or in the future, this article will benefit you.
So, let’s begin the review with today’s topic without wasting any time.
Key Highlights
In this article
- One of the most important features of this card is, it’s a contactless card. This feature can make the payment process very secure. You can pay here from 4 cm away from the payment machine.
- Here you can use this card on all the reputed e-commerce platforms for shopping for you and your family member. Here all the transactions are very safe and secure with OTP or net banking passwords.
- The transactions are really very secure on this card because of the chip and pin system. Here a chip is embedded within the card, which makes it super secure. But here, you also get a pin facility which also makes the transactions very secure.
- The company provides a benefit to using this card on 22 different currencies. Here they protect the fluctuation against currency exchange rate.
- The bank provides cash delivery assistance to their cardholders across the whole of the world. If your card stops working or you lost your card, you get special assistance from the bank, which provides you with cash at that emergency moment.
- Online currency management is also very user-friendly on this card; you can easily transfer your money from one currency to another currency.
- If you load $1000 or more than it on this card using an HDFC bank credit card, you get 10x reward points that are truly more than value for the money deal.
- If you load AED4000, then you get a shopping voucher from Dubai worth AED300.
- If you load $750 and $1000 or the same amount in an equivalent currency, you get an Amazon voucher worth Rs. 500 and Rs. 1000.
- If you load $750 and $1000 or the same amount in an equivalent currency, you get an Amazon voucher worth Rs. 500 and Rs. 1000.
- If you load $1000 or more, then you get 10x reward points.
Reward PointsÂ
In this card, the main benefits that you get are based on your foreign currency. That’s why the reward punts system is a little bit different from the other credit cards. But it doesn’t mean that this card doesn’t give you any kind of reward points. If you load $1000 or more than it on this card using an HDFC bank credit card, you get 10x reward points that are truly more than value for the money deal.
What Makes This Card Better From Other Credit Cards?
HDFC Multicurrency Platinum Forexplus Chip card is one of the best credit cards that benefit your foreign tour and foreign currency exchange. Besides this, it is a chip credit card; that’s why you get a very secure environment for transactions. Here you can get the opportunity to transact in 22 different currencies. There are very few cards available in the market that provide these kinds of features and benefits in one single card on this price segment. That’s why this card is almost better than almost every credit card available in the market.
Who Should OPT For This Credit Card?
As this is a multicurrency credit card, that’s why the main use of this card is abroad. So, if you are a traveller and travel from one country to another country, this card will be a perfect choice for you. Besides this, if you are a foreign employee, study abroad, or need medical support in a foreign country, this will be a perfect choice.
Features And BenefitsÂ
The features and benefits that the company provides you are basically for international usage. In the following points, we discuss the benefits and features of this card.
i. Secure and Contactless Card
This card is very secure for the transaction as it has an inbuilt chip in it. This card supports contactless transactions, which support transactions up to 4 cm away from the payment machine. Besides this, the transaction needs OTP to proceed with the payment, which is also interesting.
ii. Welcome Benefits
After joining the service, you start to get all the benefits from the company. When you load $750 and $1000 or the same amount in an equivalent currency, you get an Amazon voucher worth Rs. 500 and Rs. 1000. Besides this, if you load $1000 or more than this, your issuance fee will be automatically waived.
iii. Get Protection Against The Foreign Exchange Rate
By using this card, you can access up to the 22 different currencies of different countries. For this reason, the company gives you protection against the foreign exchange rate. This actually helps you to lose some extra money on this exchange rate. Here you get A20 paisa as an exchange rate when you load currency with this card online.
iv. Contactless Payment Methods
This is another great feature that enhances the safety of your transactions. Using this system, you can easily pay with your card from 4 cm away from the transaction machine. This is an in-built chip that provides this safety transaction.
v. The Facility Of Backup CardÂ
Here you get a facility to get a backup secondary card you can use in your emergency time. Let suppose your primary card is stolen or lost; then, you can use this card to log in to your account or make an argent payment.
vi. Cashback Benefits
If you load 1 lakh rupees or more than it in this card via HDFC Bank debit card, you can get a minimum of Rs. 1000 cashback which is very much impressive. Besides this, if you use HDFC bank credit card EMI, you also get a minimum of Rs. 5000 as a cashback amount.
vii. Shopping Benefits
Here you also get a shopping benefit which is also a value for money deal. If you load AED4000, then you get a shopping voucher from Dubai worth AED300.
viii. ATM Pin Change Via Net Banking
The company provides a benefit to their cardholders to change their ATM pin directly with the help of net banking. For this, you have to only login with your net banking id and password and easily change your ATM pin online.
ix. Online Currency ManagementÂ
The cardholders get a facility of online currency management when they issue this Forexplus chip card.
x. Reward Points
If you load $1000 or more than it on this card using an HDFC bank credit card, you get 10x reward points that are truly more than value for the money deal.
xi. Emergency Cash Delivery Agent
If you face any kind of problem regarding this card’s use, you get an emergency cash delivery agent. Let by chance your card stop working or you lost your card. Then, in that case, you get a special agent from the bank who deliver the required cash for you.
x. Concierge Service
This is another great service provided by the company to their cardholders. With the use of this service, you can book hotels in various countries around the world. Besides this, you get car rental, medical service, loss passport, business meeting, etc. many more features.
xi. Insurance Cover UpÂ
The company provides you insurance on your travel expenditure which makes your journey and tour very secure. Here you get rail or road accident death insurance which is up to Rs. 5.00 lakhs. Loss of checked-in luggage cover up to Rs. 20,000/-. If you lose cash in transit, then you get a cover-up of Rs. 60,000/-.Besides this, here you get some more insurance along with this card. For this, you should check the official website of HDFC Bank.
xii. Tracking Your Online Transactions
Here you get a facility to track all online transactions made by this card. You can change the pin, load currencies, block your card instantly online.
xiii. Online Card Management Systems
The bank provides you with a facility to manage your card with your fingertips online. Here you can change ATM pin, Fund transfer, Card statements, Card hotlist, and many more with these features.
xiv. Intelligence To Utilize Funds across Currency Wallet
If you face a shortage of funds at the transaction time, this card can manage this problem to collect the shortage fund from the other currency. This is another cool feature that may help you in your emergency period.
xv. Loading And Reloading Card
The loading and reloading of your currency in this card is also effortless. You can do it from anywhere in the world by your net banking and phone banking. Besides this, here, you don’t need to remember your password. For loading and reloading, you have to need only the card, and that’s it.
Card Charges
So, let’s talk about the charges regarding this card. It is one of the important sectors or segments that you have to check carefully before issuing this card. By reading the below table, you will understand what kind of charges you have to pay now or in the future if you issue this credit card.
- Issuance Fee: Rs. 500+GST
- Reload Fee: Rs 75+GST
- Re-issuance Fee: Rs.100+GST
Eligibility And Required Documents
The eligibility criteria and required documents are quite the same as the other credit card. For this, check the next two tables to discuss all the criteria and documents you need to apply for this card.
Eligibility Criteria
Required Document
How To Apply For Chip Card?
If you want to apply for this card, then simply open the website of HDFC Bank. From there, you will get all the information and guidelines regarding this card. Then simply, you have to go through those documents and fill the application form carefully. Here you need to put all the right details that need to apply. After that, submit the application form for further procedure. After it, the bank officials will directly contact you via your phone number or Email ID.
You can also apply it offline. For this, you have to visit the nearest branch of HDFC Bank. Here the bank officials will help you as per your requirement.
FAQS
1. Am I get any benefits from shopping by using this card?
Yes, you are provided with some shopping benefits on this card. When you load AED 4000, you get shopping coupons of AED 300 in Dubai.
2. How many currencies can the card be loaded?
The cardholders load a maximum of 22 currencies at a time in this card.
3. What should you do if your visa is on arrival?
For this, you have to submit your ticket at the time of application simply.
Final Talk
So, this is the in-depth review of the HDFC Multicurrency Platinum Forexplus Chip Card. After reading the whole one, I hope you should understand all the features, benefits, advantages and disadvantages of this card. So this can be quite helpful for you to decide whether you should go for it or not.
That’s all for today. Thanks for joining. Stay tuned with us for getting such more interesting card review articles.
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