Matrix Forex Card for International Travellers

Using your Debit Card or Credit Card when travelling abroad, forces you to pay unnecessary interest rates and currency fluctuations. Matrix Forex Card saves you from the extra charges and also saves you from the hassle of looking for money changers to encash traveler cheques. With a Matrix Forex Card, enjoy convenient access to your money in the currency of your choice. Use your Matrix Forex Card for making purchases at more than 30 Million merchant establishments directly, or for making online payments. In case you need cash when abroad, simply visit any of the VISA ATMs and use your Matrix Forex Card to withdraw cash conveniently. The Matrix Forex Card is reloadable anytime anywhere and in case you lose your Matrix Forex Card, you get a replacement card which can be instantly activated.

Benefits of a Matrix Forex Card

  • Instant Cash in the currency you require
  • Online transactions capable: The card can be used for online purchases and transactions when traveling abroad e.g. pay your bills or buy air tickets
  • Free and Instant replacement: Replacement Card is provided at the time of sign up, you can get your card activated instantly in case you lose your card.
  • Avoid foreign exchange fluctuation
  • Safe and secure - The card has an embedded chip which stores encrypted and confidential information offering a greater level of security against counterfeiting
  • Reloadable anytime, anywhere
  • Preferential exchange rates
  • Transaction alerts for loading, balance refund and other transactions such as ATM withdrawal or online transfer at no extra cost
  • Monthly e-statements will be mailed to your register email address
  • Online access to your card account
  • Insurance Cover: With complimentary air accident insurance and lost card liability insurance
  • Online access to your card account:Web based customer self-care features like activation of replacement card, real time card blocking, ATM PIN reset, transaction details and many more

Matrix Forex Card is available in 15 currencies –

Canadian Dollar (CAD), Euro, USD, SGD (Singapore Dollar), AED (Arab Emirate Dirham), SEK (swedish krona), South African rand (ZAR) , Saudi Arabian Riyal (SAR), Swiss Franc (CHF), Australian Dollar (AUD), British Pound (GBP), Japanese Yen (JPY), THB (Thai Baht) | NZD (New Zealand Dollar | HKD (Hong Kong Dollar)

Matrix Forex Card V/S Traveler’s Cheque, Debit Card and Credit Card

Comparison drawn for a customer spending US$ 500 on a Credit Card, Debit Card, Traveller’s Cheque & Matrix Forex Card at a merchant location

Examples Credit Card Debit Card Traveller's Cheque Matrix Forex Travel Card
Exchange Fluctuation* Charge Rs.250 Charge Rs.250 No charge No charge
Cross Currency Charge** Charge Rs.1085+ Service Tax Charge Rs.1085+ Service Tax No charge No charge
Commission No charge No charge Rs.375 No charge

* The Currency fluctuation from date of purchase to date of spends is Re.0.50

** 1 USD = Rs.62 and cross currency charge of 3.5% is levied on Indian credit/debit cards. This charge is not applicable for TC’s encashed in the US Cheques & Matrix Forex Card at a merchant location.Cross currency charges are not applicable when the currency in the card being used (debit card/credit card/ travel card) is also the local currency of the country where it is being used. They are levied when transaction done on the card are in a currency other than the one loaded on the card, as per industry norms and process.