MakeMyTrip HDFC Bank ForexPlus Card – Benefits, Fees & Eligibility

MakeMyTrip HDFC Bank ForexPlus Card

Introduction

The MakeMyTrip HDFC Bank ForexPlus Card is a co-branded prepaid travel card offered by HDFC Bank in collaboration with MakeMyTrip. As a prepaid card, it requires users to load it with any of the 22 supported foreign currencies before use, providing a convenient solution for international travel expenses. While there is an initial issuance fee of Rs. 500 (plus applicable taxes), the card does not levy an annual membership fee. This card focuses on travel-centric benefits rather than a traditional reward points structure, offering features like complimentary airport lounge access, a comprehensive insurance plan, and various travel discounts.

Welcome Benefits

• Complimentary membership of the MMT Black loyalty program.
• Ola voucher worth Rs. 500 on loading a minimum of USD 1,000 (or equivalent) on the card, applicable only on the first loading for newly issued cards.
• Card issuance fee waived off with a valid MakeMyTrip hotel/international flight/holiday booking ID.
• Card issuance fee waived off on the first loading of a minimum of USD 1,000 (or its currency equivalent).

Fees

• Joining Fee: Rs. 500 (plus applicable taxes)
• Renewal Fee: Not Applicable
• Spend-Based Waiver: Not Applicable
• Rewards Redemption Fee: Not Applicable
• Foreign Currency Markup:
  • No mark-up fee on transactions made in the currency loaded on the card.
  • A cross-currency mark-up fee of 2% of the transaction amount is applicable on transactions made in a currency other than the one loaded on the card.
• Interest Rates: Not Applicable
• Fuel Surcharge: Not Applicable
• Cash Advance Charges: USD 2 (or equivalent) on ATM withdrawals.
• Reloading Fee: Rs. 75 (plus taxes) is chargeable every time the card is reloaded.

Rewards

Travel

• 2 complimentary lounge access per annum at select international airports across India.
• Complimentary MakeMyTrip Black membership, an invite-only loyalty program by MakeMyTrip.
• Ola voucher worth Rs. 500 on loading a minimum of USD 1,000 on the card (valid only on the first loading on newly issued cards).
• Card issuance fee waived off on producing a valid MakeMyTrip hotel/flight/holiday booking ID at the time of card issuance.
• Rs. 0.20 cheaper forex rate on loading/reloading the card via online channels.
• Discount vouchers on flight, hotel, and holiday bookings via MakeMyTrip:
  • Domestic Flights: Rs. 400 off on Roundtrip bookings (minimum booking amount of INR 3,000).
  • Domestic Hotels: Flat 5% Instant discount on all hotel bookings (minimum booking amount of Rs. 2,000).
  • International Flights: Rs. 1,000 discount on international flight bookings (minimum booking amount of Rs. 25,000).
  • International Hotels: Flat 7% Instant discount on all international hotel bookings (minimum booking amount of Rs. 3,000).
  • Online Holidays: Instant discount of 25% on holiday bookings.

International Lounge Access

• 2 complimentary lounge access per annum at select international airports across India.

Insurance Benefits

• A comprehensive insurance plan with various covers:
  • Misuse due to counterfeiting/skimming: Rs. 5 lakh (for both Single Currency and Multi-Currency Cards).
  • Road/Rail accident (death cover only): Rs. 2 lakh (Single Currency Cards), Rs. 5 lakh (Multi-Currency Cards).
  • Air accident (death cover only): Rs. 5 lakh (Single Currency Cards), Rs. 25 lakh (Multi-Currency Cards).
  • Loss of check-in baggage: Rs. 20,000 (for both Single Currency and Multi-Currency Cards).
  • Loss of personal documents (passport reconstruction only): Rs. 50,000 (for both Single Currency and Multi-Currency Cards).
  • Loss of cash in transit: Rs. 60,000 (for both Single Currency and Multi-Currency Cards).

Lifestyle

• Amazon gift voucher worth Rs. 1,500 on loading/reloading the card with a minimum of USD 1,500 (or equivalent).
• Ola voucher worth Rs. 500 on loading a minimum of USD 1,000 on the card (valid only for the first loading on newly issued cards).

Rewards Redemption Guide

• Not Applicable, as the card does not have a reward points structure.

Card Eligibility Criteria

• The applicant does not need to be an HDFC Bank customer; both HDFC customers and non-customers can apply.
• The applicant should be an Indian resident traveling abroad.
• The applicant will need to submit necessary travel documents.
• There are no income-based eligibility criteria for this prepaid card.

Card Review

The MakeMyTrip HDFC Bank ForexPlus Card is an ideal choice for individuals who frequently travel internationally and prefer booking flights, hotels, and holiday packages through third-party travel portals like MakeMyTrip. It simplifies international transactions by allowing loading in multiple currencies and offers significant benefits such as complimentary lounge access, comprehensive insurance coverage, and various discounts, making international travel hassle-free.

Important Product Details

• Can be loaded in 22 different currencies including USD, Euro, and UAE Dirham.
• Complimentary insurance plan covering air/rail/road accidents, card misuse, and other scenarios.
• Complimentary lounge access at select international airports across India.
• Amazon gift voucher worth Rs. 1,500 on loading/reloading the card with a minimum of USD 1,500 (or equivalent).
• Ola voucher worth Rs. 500 on the first loading of a minimum of USD 1,000 (or equivalent).
• Complimentary MMT Black membership, an invite-only loyalty program by MakeMyTrip.
• Discounts from MakeMyTrip on flight, hotel, and holiday package bookings.
• Issuance fee waiver for customers with a valid MMT international flight/hotel/holiday booking ID.
• Issuance fee waiver on the first loading of a minimum of USD 1,000 (or its currency equivalent).
• Rs. 0.20 cheaper forex rate on loading the card via online channels.
• No annual membership fee.
• No foreign currency mark-up fee for transactions made in the currency loaded on the card.

Other Details

• Supported Currencies: Australian Dollar, Dirhams, Canadian Dollar, Euro, Hongkong Dollar, Japanese Yen, Singapore Dollar, Sterling Pound, Swiss Franc, Swedish Krona, Thailand Baht, South African Rand, Oman Riyal, New Zealand Dollar, Danish Krone, Norwegian Krone, Saudi Riyal, Korean Won, Bahrain Dinar, Qatari Riyal, Kuwait Dinar, and US Dollar (total 22 currencies).
• Loading/Reloading MakeMyTrip HDFC ForexPlus Card:
  • Online: Can be loaded or reloaded via HDFC Bank's net banking or mobile app.
  • Offline: Can be loaded/reloaded by visiting the nearest HDFC branch and submitting the forex reload form A2 along with a cheque.
• Documents Required for Application:
  • Self-attested copy of valid Passport.
  • Self-attested copy of the applicant’s Visa and ticket.
  • Address Proof (e.g., Aadhar Card, latest utility bills, PAN Card) in case the address on your passport is different from your present address.
  • Copy of your bank statement (as proof of application fee payment).
  • Cancelled cheque, passbook, and latest bank statement.
• How To Apply For The MakeMyTrip HDFC ForexPlus Card:
  • Visit HDFC Bank’s official website.
  • Under the section ‘Pay,’ click on ‘Cards’ and then on ‘Forex Cards.’
  • Select the MakeMyTrip HDFC Bank ForexPlus Card.
  • Click on the option ‘Apply Online.’
  • Proceed further by filling in the digital application form.
• Assistance: 24×7 assistance is available across the globe in the event of loss of card, card not working, or emergency cash withdrawal.