The company said the prepaid forex card allows customers to load funds in US dollars before travel and lock in exchange rates, a feature aimed at reducing the impact of currency fluctuations during overseas trips.
According to Thomas Cook India, the card does not levy forex markup at the time of loading or reloading and waives cross-currency conversion charges when transactions are made in currencies other than the one loaded on the card.
The company said the card will be available through its digital channels, including its website, mobile app, WhatsApp, call centre and Blinkit.
Apart from the pricing features, the card includes contactless payments through Google Pay’s Tap & Pay, complimentary insurance cover of up to ₹7.5 lakh, emergency cash assistance and free card replacement in case the card is lost or stolen during travel. It can be used at merchant locations where Mastercard is accepted, the company said.
Prepaid forex cards are commonly used by international travellers as an alternative to credit or debit cards.
They allow users to load foreign currency before departure, helping them avoid carrying large amounts of cash and, in some cases, reduce exposure to exchange rate movements. However, travellers should compare fees, supported currencies, exchange rates and other terms before choosing a forex card, as charges and features vary across providers.
