Managing currency while planning your trip to Egypt can be tricky. The Egyptian Pound (EGP) is not widely available in most countries, including India, and finding competitive exchange rates can be challenging. Using domestic credit or debit cards abroad can also be costly, with banks imposing high ATM withdrawal charges and additional foreign transaction fees. On top of this, fluctuating exchange rates make it hard to predict how much you’ll actually spend, leading to potential overspending or budget shortfalls.

To avoid these challenges, we recommend using forex cards, a smarter and cost-effective solution. A Forex card is a prepaid travel card that allows you to load foreign currencies (such as USD, EUR, or GBP), which can be easily exchanged for EGP in Egypt at competitive rates. It allows you to sidestep the high conversion fees of domestic credit cards and eliminate the need to carry large amounts of cash, ensuring seamless spending while providing better control over your budget.

To help you make an informed choice, we have curated a list of 7 best forex cards, detailing their features and fees. Whether you want to pay for hotels, shopping, dining, or even withdraw cash from ATMs abroad, these cards ensure you can manage your expenses effortlessly.

Note: Besides the Forex card, make sure to apply for your Egypt e-visa, which is a mandatory entry requirement for Indians travelling to Egypt. 

List of the 7 best forex cards for Egypt from India:

1. AtlysX Global Forex Card 

2. BookMyForex Multi-Currency Forex Card 

3. HDFC Multicurrency Platinum ForexPlus Card 

4. ICICI Multi-Currency Forex Prepaid Card 

5. Axis Bank Multi-Currency Forex Card

6. Baroda TravelEasy Multi-Currency Forex Card 

7. DCB Niyo Global Card

1. AtlysX Global Forex Card

Website: atlys.com/x

The AtlysX Global Forex Card is a game-changing solution for hassle-free international travel, offering unmatched convenience, savings, and security. Unlike traditional Forex cards, the AtlysX Forex Card eliminates cross-currency charges, allowing you to spend the loaded USD seamlessly in EGP without paying any conversion fees. 

Designed with a digital-first approach, the AtlysX card lets you skip tedious paperwork and branch visits. Everything, from applying for the card to loading and reloading funds, is handled effortlessly through the Atlys app, ensuring you can manage your expenses anytime, anywhere. It employs advanced features like real-time card freezing, PIN changes, and control over ATM withdrawals or online payments, guaranteeing peace of mind during your trip. Plus, any unused balance after your travels can be withdrawn in INR at the interbank rate (the same rate you see on Google), offering a unique post-trip benefit. These features make the AtlysX Forex Card one of the best Forex cards that you must consider. 

• Currencies supported: Primarily USD, but transactions in EGP incur no additional charges due to its zero cross-currency fee policy.

• Cross-currency fee: Zero cross-currency fee in unsupported currencies.

• Joining fee: No issuance fee for Atlys customers, making it a budget-friendly option.

2. BookMyForex Multi-Currency Forex Card

Website: bookmyforex.com

The BookMyForex Multi-Currency Forex Card is another forex designed to make international travel seamless and cost-effective. With the ability to load in 14 currencies and spend in multiple local currencies, it eliminates the need for carrying cash or multiple cards.

The BookMyForex card allows you to lock in competitive exchange rates at the time of loading. With zero issuance and reload fees, it’s one of the most budget-friendly Forex cards on the market. Everything, from applying for the card to loading and reloading funds, is managed online through the BookMyForex portal, ensuring a hassle-free and paperless experience. Advanced security features, such as chip-and-PIN technology, bank-grade encryption, and complimentary insurance, guarantee peace of mind during your travels. These thoughtful features make the BookMyForex Multi-Currency Forex Card one of the best choices for hassle-free global travel.

• Currencies supported: 14 currencies (USD, EUR, GBP, AUD, CAD, SGD, AED, CHF, JPY, ZAR, SAR, THB, NZD, HKD).

• Cross-currency fee: 3.5% of the transaction value for unsupported currencies.

• Joining fee: None.

• ATM withdrawal fee: $2 per transaction, with a $1 fee for balance inquiries at ATMs.

• ATM withdrawal limit: The daily ATM withdrawal limit is $1,000 or equivalent in the loaded currency.

For added convenience, the card offers same-day doorstep delivery, making it a perfect option for last-minute planners. 

3. HDFC Multicurrency Platinum ForexPlus Card

Website: hdfcbank.com

The HDFC Multicurrency Platinum ForexPlus Card is designed for frequent international travellers, offering the ability to load and use up to 22 currencies seamlessly. This card allows you to lock in favourable exchange rates at the time of loading, safeguarding you against forex rate fluctuations and enabling predictable spending. 

The card is equipped with advanced security and cutting-edge technology, including PayWave for contactless payments. The card can be managed entirely online, from loading and reloading funds to tracking expenses and locating nearby ATMs. This ensures you have full control over your travel finances anytime, anywhere. Its intelligent fund utilisation feature ensures transactions go through smoothly by drawing from alternate currency wallets when the primary wallet lacks sufficient funds. Additionally, the card comes with robust insurance coverage, including skimming and counterfeiting coverage up to INR 500,000 and air accident insurance up to INR 25,00,000.

• Currencies supported: 22 currencies (AUD, AED, CAD, EUR, HKD, JPY, SGD, GBP, CHF, SEK, THB, ZAR, OMR, NZD, DKK, NOK, SAR, KRW, BHD, QAR, KWD and USD).

• Cross-currency fee: 2% of the transaction value for unsupported currencies.

• Joining fee: ₹500 (plus GST).

• Per reload fee: ₹75 (plus GST).

• ATM withdrawal fee: Around $2 per transaction and $0.50 per balance inquiry at ATMs.

• ATM withdrawal limit: The daily ATM withdrawal limit of the HDFC Bank Multicurrency Platinum ForexPlus Card is $5,000 or equivalent in the loaded currency.

4. ICICI Multi-Currency Forex Prepaid Card

Website: icicibank.com

The ICICI Multi-Currency Forex Prepaid Card supports 15 currencies and allows seamless transactions in Egyptian pounds (EGP). With features like secure EMV chip technology and contactless payment options, the ICICI Multi-Currency Forex Card guarantees both convenience and peace of mind. The card is widely accepted across ATMs and merchants globally, where Mastercard is accepted.

It also provides comprehensive insurance coverage, safeguarding you against unauthorised transactions in cases of card loss, theft, or counterfeiting. The card also features easy online management, allowing users to reload funds, track balances, and monitor transactions via the ICICI Bank online portal or mobile app. 

• Currencies supported: 15 currencies (USD, GBP, EUR, CAD, AUD, SGD, AED, CHF, JPY, SEK, ZAR, SAR, THB, NZD and HKD).

• Cross-currency fee: 3.5% of the transaction value for unsupported currencies.

• Joining fee: None.

• ATM withdrawal fee: Up to $2 per transaction or equivalent in the loaded currency.

• ATM withdrawal limit: The ICICI Multi-Currency Forex Prepaid Card allows for daily ATM cash withdrawals of up to $2,000 or its equivalent in other currencies.

Note: The card is subject to an inactivity fee of $5 for every 180 days of non-usage. If you travel occasionally, this is an important point to consider when choosing the ICICI Multi-Currency Forex Prepaid Card.

5. Axis Bank Multi-Currency Forex Card

Website: axisbank.com

The Axis Bank Multi-Currency Forex Card is an all-in-one solution for multi-destination travellers, supporting up to 16 different currencies. The card ensures competitive exchange rates when loading or reloading, and with the added benefit of an EMV chip, you can rest assured that your transactions are secure worldwide.

One of the most appealing aspects of this card is its user-friendly nature. You can easily reload funds online or through Axis Bank’s mobile app, ensuring you’re never stranded without money. In addition, the card’s 24/7 global assistance ensures help is just a call away. Cardholders also benefit from an exclusive rewards program, earning points on usage that can be redeemed for exciting offers.

• Currencies supported: 16 currencies (USD, EUR, GBP, SGD, AUD, CAD, JPY, CHF, SEK, THB, AED, SAR, HKD, NZD, ZAR & DKK).

• Cross-currency fee: 3.5% of the transaction value for unsupported currencies.

• Issuance fee: ₹300 (plus GST).

• Reload/renewal fee: ₹100 (plus GST).

• ATM withdrawal fee: $2.25 per transaction or equivalent in the loaded currency.

• ATM withdrawal limit: The daily ATM withdrawal limit is $1000 (or equivalent in loaded currency).

6. Baroda TravelEasy Multi-Currency Forex Card

Website: bankofbaroda.in

Next in line is the Baroda TravelEasy Multi-Currency Forex Card, which offers competitive exchange rates and advanced security protocols. With this card, you can pre-load USD, EUR, and GBP. The card is embedded with EMV chip technology, providing an extra layer of security for transactions at ATMs and merchant outlets worldwide.

One of the card’s major advantages is its user-friendly management. You can easily monitor your balance transactions and reload the card using the mobile app. Additionally, you will be informed of all transactions on your registered mobile number through SMS. You can also enable or disable it from anywhere in the world, making this card one of the most secure forex options available. The card also includes a rewards program, enabling you to earn points on transactions that can be redeemed for various offers, adding value to your travel spending.

• Currencies supported: 3 currencies (USD, EUR, GBP).

• Cross-currency fee: 3% of the transaction value for unsupported currencies.

• Issuance fee: ₹150.

• Reload fee: ₹55.

• ATM withdrawal fee: 0.9% of the transaction value.

7. DCB Niyo Global Card

With its zero forex markup feature, the DCB Niyo Global Card allows users to load funds in Indian Rupees (INR) and use them internationally in local currencies. Through the Niyo app, you can track real-time expenses, reload funds instantly, monitor transaction history, and even manage exchange rates. 

In addition to its financial benefits, the card offers complimentary lounge access starting April 2024. Travellers spending INR 50,000 or more outside India in a calendar quarter are eligible for one free lounge pass per quarter. Security is another key highlight of the card. It has features like PIN-based transactions, real-time alerts, and the ability to instantly freeze/unfreeze the card via the app. The card is also easy to acquire, with a 3-5 day delivery time, making it a great option for travellers who plan ahead.

• Currencies supported: INR.

• Issuance fee: None.

• Reload fee: ₹55.

• ATM withdrawal fee: ₹425 + GST.

• ATM withdrawal limit: The maximum withdrawal limit for a DCB Niyo Global Card is ₹1 lakh per day.

How to choose the best Forex card for Egypt

To assist you further in choosing the best Forex card, here are six key factors on which you can compare the above-listed card and choose one per your preference:

1. Cross-currency fee structure

One of the primary considerations when selecting a forex card for Egypt is understanding its cross-currency fee structure. Since most forex cards do not support the Egyptian Pound, transactions abroad would incur charges when you spend in EGP. 

But does this mean that cross-currency charges are inevitable? No. Cards, like the AtlysX Global Forex Card, eliminate cross-currency fees, allowing you to spend in Egyptian Pounds (EGP) without additional charges. In contrast, cards like the ICICI Multi-Currency Forex Prepaid Card charge a hefty 3.5% fee for unsupported currencies. If your expenses in Egypt are significant, these fees can add up quickly.

2. Currencies supported

The number and type of currency a card supports are vital, especially when you plan to visit multiple countries after your Egypt trip. In terms of currencies supported, the HDFC Multicurrency Platinum ForexPlus Card stands out as it supports 22 currencies, making it a versatile option for those travelling to Egypt and beyond. 

3. Fees: Issuance, reloading and ATM withdrawals

Forex cards come with various fees, such as issuance, reloading, and ATM withdrawal charges. It's crucial to evaluate these fees to ensure you're not overpaying. The BookMyForex Multi-Currency Forex Card offers zero issuance and reload fees, making it budget-friendly. In contrast, the Axis Bank Multi-Currency Forex Card has an issuance fee of ₹300 and a reload fee of ₹100 plus GST, adding to the overall cost. For ATM withdrawals, consider cards like the AtlysX Global Forex Card, which offers competitive withdrawal fees.

4. Post-trip settlement

Consider how the card handles unused balances after your trip. Some cards impose unfavourable exchange rates or high fees for withdrawal in INR. 

The AtlysX Global Forex Card shines here, allowing users to withdraw unused balances in INR at the interbank rate (the same as Google rates), ensuring you don’t lose money in the conversion process. Contrast this with cards like the ICICI Multi-Currency Forex Prepaid Card, which might deduct inactivity fees for prolonged non-usage.

5. Additional perks and benefits

Beyond basic functionality, some forex cards offer added perks, such as lounge access, rewards programs, or insurance coverage. For example, the DCB Niyo Global Card provides complimentary lounge access, and the Axis Bank Multi-Currency Forex Card includes a rewards program that allows you to earn points on transactions.

By evaluating these factors in the context of your travel plans and spending habits, you can select the Forex card that best aligns with your needs for a smooth and cost-effective experience in Egypt.

Quick Forex tips for travelling to Egypt

• Choose USD for better rates: If your Forex card doesn’t support EGP, load it with USD or EUR. These currencies typically fetch better conversion rates in Egypt than INR.

• Keep cash for small transactions: While forex cards are widely accepted, carry a small amount of cash in EGP for local markets, tips, and transport where cards may not be accepted.

• Enable card notifications: Activate SMS or app-based alerts for every transaction. This helps you track spending and detect unauthorised activity in real-time.

• Monitor ATM fees: Use ATMs linked to your card’s network to minimise withdrawal fees. 

• Check for expiry and reload options: Ensure your Forex card is valid for the duration of your trip and can be reloaded remotely if needed.

• Know the global assistance number of your card: Before travelling, familiarise yourself with the global assistance contact details of your Forex card provider. In case your card is lost, stolen, or malfunctions, having access to 24/7 customer support can be a lifesaver.

Conclusion

The Forex cards shared above are among the best options available for your trip to Egypt, offering a blend of convenience, security, and cost-effectiveness. From the AtlysX Global Forex Card’s zero cross-currency fees to the BookMyForex Multi-Currency Forex Card’s budget-friendly features, these cards cater to various travel needs and preferences.

To select the perfect card for your journey, we strongly recommend referring to the tips provided above. Understanding the importance of factors like cross-currency fees, supported currencies, and global assistance can help you make an informed decision. This is especially crucial for first-time travellers, as a well-chosen Forex card can significantly enhance your travel experience by simplifying expenses and avoiding unnecessary fees. Take your time, assess your priorities, and choose a card that aligns with your travel goals. With the right preparation, you can enjoy a smooth and stress-free trip to Egypt.

At Atlys, our mission is to simplify international travel for you. If you’re a first-time traveller to Egypt from India, we highly recommend exploring our comprehensive 'Egypt Travel Guide' and our detailed blog on 'How to Reach Egypt from India.' These resources are designed to provide you with all the essential information for kickstarting your journey.