If you regularly make foreign currency transactions, whether online or in person, HDFC Bank has rolled out a cashback offer on FCY markup fees that is worth checking out.
Offer Details
- Offer: 50% discount on foreign currency (FCY) markup fee
- Offer period: 4 February 2020 to 29 February 2020
- Type: Targeted — the offer applies only to cardholders who received a communication from HDFC Bank (email/SMS)
- Maximum cashback: Rs. 1,000
- Applicable on: International online and in-store merchant transactions
- Fulfilment: Cashback processed by 31 May 2020
- Source
Effectively, this offer reduces the usual HDFC FCY markup (commonly around 3.5%) to under 2%. If your card is enrolled in HDFC’s Global Value Program, you may get an additional 1% benefit on international spends, further lowering your effective cost.
Note: Only customers who received the bank’s communication are eligible for this promotion.
Bottomline
This is a valuable temporary saving for cardholders who frequently make foreign currency purchases. Using this offer on premium HDFC cards like Infinia or Diners Club Black can deliver especially strong returns on international spends. The promotion applies both to in-store and online international transactions, which makes it broadly useful for travellers and online shoppers alike.
Did you receive this FCY markup fee offer from HDFC Bank? Share your experience or questions in the comments below.