ICICI Bank Student Forex Prepaid Card – Benefits, Fees & Eligibility

Introduction

The ICICI Bank Student Forex Prepaid Card is a specialized prepaid card issued by ICICI Bank, designed for students pursuing studies abroad. Positioned as a secure and efficient financial solution for international travel, it offers key benefits such as the ability to load multiple currencies, competitive exchange rates, complimentary international lounge access, and valuable Uber discount vouchers, simplifying money management for students globally.

Welcome Benefits

• Enjoy 1 complimentary international lounge access.
• Receive Uber discount vouchers worth ₹ 500.
• Get an International Student Identity Card (ISIC) Membership worth ₹ 999.
• Avail a complimentary international SIM card offered by Visa.
• Benefit from Card Protection plus insurance worth ₹ 1,600.
• Receive a free replacement card in case the primary card is lost or damaged.
• Get Lost Card Liability Coverage of up to ₹ 5,00,000 in case of card loss.

Fees

• Joining Fee: Nil
• Annual Fee: Nil
• ATM Fee Waiver: The first ATM withdrawal each month is free for 5 years. Additional withdrawals might incur fees based on the currency used.
• Physical SIM Card Delivery Charge: A delivery charge of ₹ 100 applies for shipping a physical international SIM card.

Rewards

Travel Benefits

• International Lounge Access: Enjoy 1 complimentary international lounge access.
• Free Travel Insurance: Includes free travel insurance.
• Lost Card Liability Coverage: Provides coverage of up to ₹ 5,00,000 in case of card loss.
• Card Protection: Includes Card Protection plus insurance worth ₹ 1,600.
• International SIM: Get a complimentary international SIM card offered by Visa.
• Multi-Currency Support: Allows loading of multiple currencies on a single card.
• Exchange Rates: Offers competitive exchange rates.

Lifestyle & Vouchers

• Uber Vouchers: Enjoy Uber discount vouchers worth ₹ 500.
• ISIC Membership: Receive an International Student Identity Card (ISIC) Membership worth ₹ 999.

Convenience & Security

• Card Management: Easy reload and online card management.
• ATM Benefits: Get 1 monthly ATM fee waiver (first ATM withdrawal each month is free for 5 years).
• Replacement Card: Free replacement card in case the primary card gets lost or damaged.
• Security: Comes with an embedded microchip for high-level security, offering Chip and PIN protection.
• Global Acceptance: Accepted worldwide.
• Tuition Payments: Can be used to pay tuition fees directly to universities in local currency.
• Customer Support: Provides round-the-clock customer support.

Rewards Redemption Guide

• Complimentary International Lounge Visits:

  • Open the DreamFolks app.
  • Enter your mobile number and verify with OTP.
  • Enter your membership ID and PIN (sent in your kit).
  • Browse for the required service, select the airport and outlet.
  • Click on 'Member Access' and 'Use This Card' to generate a QR Code for access.
  • Complimentary lounge access is valid for a maximum of 1 year.

• Uber Gift Voucher:

  • Visit the redemption link: https://icicitravelcard.woohoo.in/uber-e-gift-card.
  • Click 'Checkout', enter your registered email ID and mobile number.
  • Enter the voucher code from your kit in the "Enter ICICI Bank Voucher Code" box and click 'Apply'.
  • Place the order to receive the voucher on your registered email ID and mobile number.
  • In the Uber app, go to the payment section, tap 'Add Payment Method', select 'Gift Card', and enter the gift code to add Uber credits.
  • The voucher code is valid for 12 months from the date of card activation.

• International Student Identity Card (ISIC) Voucher:

  • Visit https://order.isic.co.in/ordering/?partnerId=1121 and click 'Order Card'.
  • Fill out the form with required details, ensuring a valid email address.
  • Upload your photograph and click 'Next'.
  • Review the mock-up card details.
  • On the payment page, enter the first 6 digits of your ICICI Bank Visa Forex Card in the 'Discount Voucher' section to apply the discount, then click 'Place Order'.
  • You will receive an email with a link to upload necessary documents, or you can email them to info@isic.co.in.
  • Once documents are approved, the digital ISIC card and serial number will be emailed to you.

• International SIM:

  • Visit https://visaforex.poshvine.com/.
  • Log in using your eligible card number and other details.
  • Copy the unique code from the offer tile and click the link to visit the e-SIM/SIM card vendor's platform.
  • Select your preferred call plan details.
  • Complete the KYC process by uploading necessary details via an emailed link.
  • After KYC, choose between an e-SIM (QR code sent via email for activation) or a physical SIM card.
  • For a physical SIM card, enter your delivery address and pay a delivery charge of ₹ 100.

Card Eligibility Criteria

• Eligibility Rules:
  • The card is designed for students travelling abroad for studies.
• Documents Required:
  • Identity Proof: Aadhaar Card, Passport, or PAN Card.
  • Proof of Study: University or college enrolment letter.
  • Additional Documents: Any additional verification documents as per ICICI Bank policy.

Card Review

The ICICI Bank Student Forex Prepaid Card is an excellent choice for students heading abroad for their studies. It offers a secure, convenient, and cost-effective way to manage finances internationally.

• Who Should Apply: This card is ideal for students studying abroad who need a reliable method for managing expenses, paying tuition fees, and accessing funds without the hassle of carrying cash.
• Pros:
  • Zero joining and annual fees.
  • Competitive exchange rates and multi-currency loading capability.
  • Enhanced security with an embedded microchip (Chip and PIN).
  • Valuable welcome benefits including international lounge access, Uber vouchers, ISIC membership, and a complimentary international SIM.
  • Insurance coverage for lost cards and card protection.
  • Convenient features like easy online reloading, 24/7 customer support, and a free monthly ATM withdrawal for 5 years.
  • Free replacement card.
• Cons:
  • Additional ATM withdrawals after the first monthly waiver may incur fees.
  • A delivery charge of ₹ 100 applies for a physical international SIM card.
• Overall Value: The card provides significant value by offering financial security, convenience, and a range of student-specific benefits, making international student life smoother and more manageable.

Important Product Details

• Positive Highlights:
  • Nil Joining Fee and Nil Annual Fee.
  • Offers competitive exchange rates and multi-currency loading.
  • Provides 1 complimentary international lounge access.
  • Includes Uber discount vouchers worth ₹ 500.
  • Comes with an International Student Identity Card (ISIC) Membership worth ₹ 999.
  • Features 1 monthly ATM fee waiver for 5 years.
  • Includes a complimentary international SIM card (offered by Visa).
  • Offers a free replacement card.
  • Provides Lost Card Liability Coverage up to ₹ 5,00,000.
  • Includes Card Protection plus insurance worth ₹ 1,600.
  • Equipped with an embedded microchip for high-level security (Chip and PIN).
  • Supports easy online reloading and offers 24/7 customer support.
  • Can be used for tuition payments directly to universities.
• Negative Highlights:
  • Subsequent ATM withdrawals after the first monthly free withdrawal may incur fees.
  • A delivery charge of ₹ 100 is applicable for a physical international SIM card.

Other Details

• Dreamfolks and Uber voucher codes will be sent to the registered mobile number/email address within 7 working days post initial card load.
• The Uber voucher code is valid for 12 months from the date of card activation.
• Complimentary lounge access is valid for a maximum of 1 year.
• The card is equipped with an embedded microchip for enhanced security.
• The card simplifies money management for students studying abroad, eliminating the need to carry large amounts of cash.
• The card offers enhanced security with Chip and PIN protection.