Best Zero and Low Forex Credit Cards in India
Forex markup is only one part of overseas card value. This shortlist separates the published markup from reward eligibility, annual fees and travel benefits so the cheapest-looking card does not automatically win.
Cards below are ordered by recurring annual fee, then forex markup and product name—not by affiliate payout. “Best” means a relevant evidence-led shortlist; your personal winner requires wallet-level comparison.
What to check before applying
- Estimate annual forex savings from your actual international spend.
- Check whether international transactions earn rewards or are explicitly excluded.
- Compare network acceptance, fees and issuer approval fit before applying.
Federal Bank Scapia
₹0
10 Scapia Coins per ₹100 on eligible Visa spends (worth ₹2 toward Scapia travel)
0%
Visa, RuPay
Best suited to: international travel, zero forex, young traveler. Recorded exclusions: rent, fuel, wallet load, emi, intl, education, gift card, card payment.
Review rewards, caps, fees and issuer evidence →slice UPI Credit Card
₹0
1% cash value at the entry redemption slab on eligible domestic spends
0%
RuPay
Best suited to: upi credit. Recorded exclusions: fuel, rent, wallet load, insurance, emi, education, government, gaming.
Review rewards, caps, fees and issuer evidence →Amazon Pay ICICI
₹0
1% in Amazon Pay balance
1.99%
Visa, RuPay
Best suited to: amazon, cashback, first card, lifetime free. Recorded exclusions: fuel, rent, gift cards, wallet load.
Review rewards, caps, fees and issuer evidence →IDFC FIRST Bank Gaj (Metal)
₹12,500
5 RP/₹150 on eligible spends
0%
Visa
Best suited to: travel, premium, forex free. Recorded exclusions: fuel, emi, fees, loan, balance transfer, cash withdrawal.
Review rewards, caps, fees and issuer evidence →Frequently asked questions
Which is the best zero and low forex credit cards in India?
There is no universal winner. The right card depends on your spending, cards already owned, realistic redemption value, annual fee, exclusions and issuer approval fit. CardMasters therefore presents a current evidence-led shortlist instead of one paid winner.
Does affiliate commission affect this shortlist?
No. Affiliate payout is not used to select, order or value cards. A card can appear without a monetized application link, and every tracked campaign is disclosed separately.
How current is the card information?
Every card on this page has a dated issuer-source record. The catalogue was last updated 2026-07-28, but credit-card terms can change after publication, so confirm final terms with the issuer.