New Delhi, March 25 -- Zero-forex markup credit cards can be one way to handle expenses abroad if individuals know which type suits their needs. One of the disadvantages of travelling overseas is the additional 2-3% markup banks charge on every credit card transaction made there.

Forex Markup: What It Is and Why It Matters

Spending Rs.2 Lakhs on a vacation abroad? Travellers are probably paying more than Rs.6,000 as forex dues without even realising it. Whenever transactions are made abroad, spends are converted into INR, and that converted amount attracts forex charges. That's not all, it may also incur GST and other transaction fees in addition to the forex charges.

How Do Forex Credit Cards Work?

To begin with, forex cards help tra...