Is forex markup the same as the exchange rate?

No. The exchange rate is set by the card network and reflects the actual currency conversion. The markup is an additional fee the bank adds on top of that rate.

Does this apply to online purchases too?

Yes, any transaction billed in a foreign currency, including international websites and subscriptions, is subject to the same markup as an in-person purchase abroad.

Fees & Charges · हिन्दी

Forex markup fee

A forex markup fee is a charge banks add on top of the actual currency conversion rate whenever you make a purchase in a foreign currency, whether swiping abroad or shopping on an international website. It typically ranges from 0% to 3.5% of the transaction value, and is separate from the exchange rate itself, which is set by the card network (Visa, Mastercard, RuPay), not the bank. Most premium travel cards charge little or nothing; many everyday cards charge close to the maximum.

Figures verified live from our card database

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Fees & Charges

Forex markup fee

What this actually costs you

Your international spend

₹

Your card's forex markup

At a 3.5% forex markup

Forex fee on this purchase₹1,750

You'd save this much with a 0% forex card₹1,750

Forex markup fee by card, in India

0% markup

11 cards, incl. IDFC FIRST Quantum+ Credit Card, ixigo AU Credit Card

Low markup

27 cards, incl. IDFC FIRST Ashva Credit Card, Kotak Air+ Credit Card

0.1–2%

Standard markup

91 cards, incl. Roarbank RuPay Credit Card, Axis Bank Select Credit Card

2–3.5%

Frequently asked questions