Updated on October 4, 2023
An “International Card” typically refers to a credit or debit card that can be used for transactions not only within the country where it was issued but also in other countries around the world. An international card allows you to make purchases, withdraw money from ATMs, and perform various financial transactions both domestically and internationally.
An International Card provides you with the privilege of utilizing your card while travelling abroad. This means you can make purchases in the currency of the country you are currently in, and subsequently, you will need to repay the incurred expenses in Indian rupees. The amount you can spend is determined by either your predetermined credit limit or the Basic Travel Quota (BTQ) regulations established by the Reserve Bank of India (RBI). This mechanism allows you to enjoy a seamless spending experience overseas while adhering to the financial parameters set by the RBI.
Features of International Card
Global Acceptance – Use the card worldwide at various businesses, online shops, and hotels, making travel easier.
Currency Conversion – Automatically convert foreign transactions into your card’s currency (e.g., Indian Rupees), eliminating the need for local currency while abroad.
ATM Access – Withdraw cash from ATMs globally, though some might charge extra fees for international use.
Enhanced Security – Equipped with advanced security features like chip technology and PIN protection to prevent unauthorized use.
Online Shopping – Shop on international websites that may not accept Indian cards, broadening your online purchasing options.
Travel Benefits – Enjoy travel perks such as insurance, airport lounge access, and discounts on accommodation and transport.
Transaction Records – Keep track of your spending and financial management through detailed card statements.