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[007]

So does the low markup means that you get low taxes on foreign transactions?

It is not called tax per se, it is the foreign exchange markup fee for cross-currency payments. Usually banks charge 3.5% + GST.
To give an example:
I bought a certification course for $299 last April. USD was around 75 I think. When you use PayPal, they will give you the option to make the payment in INR (converted final amount with forex included) or in USD itself. PayPal's conversion rates are high! It was around ~23500. If you choose to pay in USD, then bank will do the forex markup which was 2% for me so I ended up paying ~22900. 600 bucks saved. This is with 2% I'm talking about. Imagine the savings with 1% and 0% cards.

 

[Nerevarine]

It is not called tax per se, it is the foreign exchange markup fee for cross-currency payments. Usually banks charge 3.5% + GST.
To give an example:
I bought a certification course for $299 last April. USD was around 75 I think. When you use PayPal, they will give you the option to make the payment in INR (converted final amount with forex included) or in USD itself. PayPal's conversion rates are high! It was around ~23500. If you choose to pay in USD, then bank will do the forex markup which was 2% for me so I ended up paying ~22900. 600 bucks saved. This is with 2% I'm talking about. Imagine the savings with 1% and 0% cards.

WHat is a good 1% or 0% card that is easily available ??

 

[007]

WHat is a good 1% or 0% card that is easily available ??

Try this one - OneCard - India's Best Metal Credit Card

 

[kaz]

Try this one - OneCard - India's Best Metal Credit Card

*www.goniyo.com/global/

0 markup
Prepaid card so need to load money using UPI/IMPS when you have to use it, I find this safer than Credit Cards
Also, your subscriptions won't auto-renew if there is no money in the card
AMC is ₹200+GST, waived on annual spend of ₹10k

 

[007]

*www.goniyo.com/global/

0 markup
Prepaid card so need to load money using UPI/IMPS when you have to use it, I find this safer than Credit Cards
Also, your subscriptions won't auto-renew if there is no money in the card
AMC is ₹200+GST, waived on annual spend of ₹10k

Interesting. I thought this was a credit card when whitestar posted about it. Have you checked the exchange rates for your transactions on those days? Was there any huge deviations? Asking because they have mentioned -

Enjoy a hassle-free travelling experience with no hidden charges*
No Forex Markup*

*VISA exchange rates applicable.

 

[kaz]

Interesting. I thought this was a credit card when whitestar posted about it. Have you checked the exchange rates for your transactions on those days? Was there any huge deviations? Asking because they have mentioned -

Initially, I did compare it with the Visa exchange rate and it was the same. Not sure what rate HDFC and other banks use.

 

[Cyberghost]

WHat is a good 1% or 0% card that is easily available ??

There is a debit card provided by Indusind bank that gives 0% markup Apply for VISA Signature Exclusive Debit Card Online - IndusInd Bank

 

[whitestar_999]

Initially, I did compare it with the Visa exchange rate and it was the same. Not sure what rate HDFC and other banks use.

I think banks use their own exchange rate(read somewhere it is interbank rate+margin).

 

[whitestar_999]

There is a debit card provided by Indusind bank that gives 0% markup Apply for VISA Signature Exclusive Debit Card Online - IndusInd Bank

Needs 2 lakh min balance savings acc.

 

[whitestar_999]

WHat is a good 1% or 0% card that is easily available ??

As suggested above by @007 if you already have a decent cibil score(760-770+) & already have a credit card then you should get onecard easily by following a completely online process. If your office is in a metro/tier-1 city & you have passport(you must be having it) then getting dcb niyo card should also be easy.

 

[whitestar_999]

So does the low markup means that you get low taxes on foreign transactions?

As explained above, it helps saving while doing international transactions. I use paypal for making a a few transactions in a year which totals around 7-8k & there it helps saving a small amount.

 

[RumbaMon19]

https://imgur.com/a/A4fZf4v

Bought these Mi truewireless 2C @2499.

Overall quality is good. they are comfortable and have half in-ear design.

PS: This picture is taken from a point and shoot camera from 2010. I just restored this and is working great

 

[Nerevarine]

@kaz @whitestar_999 @omega44-xt

If I get the DCB Niyo card, like you said I need to load it up from Indian bank balance. If I go long term, any idea if I can still get OTPs from the same sim online. Bank could be ICICI/SBI.
I heard there are no charges on recieving sms, so just activating the cheapest international roaming plan should suffice.

 

[007]

@kaz @whitestar_999 @omega44-xt

If I get the DCB Niyo card, like you said I need to load it up from Indian bank balance. If I go long term, any idea if I can still get OTPs from the same sim online. Bank could be ICICI/SBI.
I heard there are no charges on recieving sms, so just activating the cheapest international roaming plan should suffice.

Yes you can receive OTPs for free by just enabling minimum IR pack.

 

[shreeux]

Online...Sandisk 64GB...608/-
*i.imgur.com/v3kD62Q.jpg

 

[Extreme Gamer]

https://imgur.com/7KN8S4q

There are 32 CPU cores in this picture.

 

[whitestar_999]

https://imgur.com/7KN8S4q

There are 32 CPU cores in this picture.

Congrats! You finally got your hands on Ryzen 9 5xxx processor.

 

[desiibond]

https://imgur.com/7KN8S4q

There are 32 CPU cores in this picture.

Welcome to Zen 3 family.

 

[Extreme Gamer]

@whitestar_999: Haha, thanks

@desiibond: An upgrade was long overdue. Moving from a 4770K/6820HQ.

 

[pkkumarcool]

https://imgur.com/7KN8S4q

There are 32 CPU cores in this picture.

Congrats did you bought 2 cpu's? Btw what's the damage.

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