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IDFC FIRST Mayura Credit Card: If you are planning to go abroad then this is a useful news for you. Card companies charge foreign exchange markup fee for making payments abroad through credit card. Now there is a relief news for you. Actually, IDFC FIRST Bank has launched Mayura Credit Card on Thursday (September 20). The special thing about this card is that the cardholder will not have to pay any foreign exchange fee for making payments abroad.
Features of IDFC First Mayura Credit Card
- Zero Foreign Exchange Mark-up: No foreign exchange mark-up on transactions in foreign currencies.
- Higher Rewards: 10X reward points on spending more than Rs 20,000 in statement circle and on birthday, i.e. 10 times the reward points compared to normal rewards.
- Airport Lounge Access: 4 international airport lounge access per quarter, including one guest visit to 4 domestic airport lounges or spas per quarter.
- Travel cancellation cover: Compensation up to Rs 50,000 per year for non-refundable components of flight and hotel cancellations
- Movie Perks: Buy 1 Get 1 offer on movie tickets through BookMyShow, up to Rs 500 off on second ticket, twice a month offer.
- Golf privileges: 40 golf rounds or lessons annually.
What is Forex Markup Fee?
Let us tell you that card companies charge forex markup fees on credit card payments abroad. This fee can be up to 3.5 percent of your transaction amount. However, there are some credit cards in the market that charge low or zero forex markup fees.