# Zero forex cards save markup but hidden costs remain 2026-08-14T14:55:23+00:00 | Business & Economy | Indian Opinion Desk Corroboration: 1 independent outlet Zero-forex travel cards waive the 2% to 3.5% foreign currency markup, but that is only one cost. Indian travellers still face charges from dynamic currency conversion, overseas ATM withdrawals and annual fees. DCC happens when a terminal abroad offers to bill in rupees instead of the local currency, often at a worse exchange rate. Even on a zero-forex card, choosing rupees can add an extra markup. ATM cash withdrawals on some Niyo cards incur fees beyond free limits, while credit card cash advances attract immediate interest. An analysis by news.abplive.com advises travellers to always select local currency abroad and compare the total package, not just the zero-forex label, before choosing a card. ## Coverage - news.abplive.com Tags: Mastercard, Niyo, Visa Canonical: https://indianopinion.org/zero-forex-cards-save-markup-but-hidden-costs-remain/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/zero-forex-cards-save-markup-but-hidden-costs-remain/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes.