Travelling to Japan, one of the most expensive countries in the world for tourists, calls for smart financial planning. A key component of this preparation is selecting the right mode of currency management, which can significantly impact your travel experience.

So, in this guide, we’ll explore the best forex cards for Japan to help you manage your finances efficiently. But why a Forex card?

1. First, obtaining Japanese Yen (JPY) in cash in India can be costly due to high exchange charges. Moreover, carrying large sums (such as over 1 million yen) not only requires customs declaration but also exposes you to risks like theft or loss.

2. While credit or debit cards might seem like an alternative, they come with their own set of issues. These include limited acceptance at certain ATMs and point-of-sale (POS) systems abroad, higher cross-currency charges, and a lack of added benefits, often resulting in extra costs and inconveniences.

In comparison, forex cards offer a smarter solution. With competitive exchange rates, zero cross-currency fees when used in JPY, and enhanced security, they are a reliable choice. Additionally, many forex cards support multiple currencies, simplifying currency management for multi-destination trips.

Now, before we delve into the details, here’s a quick list of the best Forex card options for Indians travelling to Japan: 

1. AtlysX Multi-Currency Travel Card by IndusInd

2. HDFC Multicurrency Platinum ForexPlus Card

3. ICICI Multi-Currency Forex Prepaid Card

4. Borderless Multi-Currency Prepaid Card by Thomas Cook

5. BookMyForex Multi-Currency Forex Card

6. Axis Bank Multi-Currency Forex Card

7. IDFC FIRST Multi-Currency Forex Card
   

Note: Since there is no expedited visa process, make sure to apply for your Japan visa in advance to ensure everything is in order for your trip. 

1. AtlysX Multi-Currency Travel Card by IndusInd

Managing your travel expenses in Japanese Yen (JPY) is easiest with the AtlysX Multi-Currency Travel Card by IndusInd. Specially designed to cater to the needs of frequent international travellers, the card supports JPY, along with 13 other currencies like USD, EUR, AED and THB. Moreover, what helps the AtlysX Multi-Currency Travel Card by IndusInd to stand out is its zero cross-currency charges.

The card is easy to manage via the Atlys app, further simplifying your financial planning. You can easily load JPY onto your card at live exchange rates (which can be tracked on the app), check your balance, track transactions and instantly freeze your card using the app. And if you need assistance, 24/7 customer support is available, ensuring that help is always just a tap away, no matter the time zone. 

Quick details about the AtlysX Multi-Currency Travel Card

• Official website: atlys.com/x

• Issuance fee: Free for all Atlys customers.

• Markup fee: Zero for the first load; a 2% markup on subsequent reloads.

• Cross-currency charges: None.

• Daily ATM withdrawal limit: $1,000 (or equivalent in JPY).

• Daily e-commerce and POS spending limit: $10,000 (or equivalent in JPY).

• Card validity: 5 years.

2. HDFC Multicurrency Platinum ForexPlus Card

The HDFC Multicurrency Platinum ForexPlus Card is another great forex option which simplifies travel expenses with its robust features, competitive exchange rates, and multi-currency support. The ForexPlus Card supports an impressive 22 currencies, including major options like USD, EUR, GBP, and JPY, as well as regional ones like KRW and OMR. This wide range of supported currencies makes it a perfect fit for multi-destination trips. 

For added convenience, the card offers contactless payments using PayWave technology, letting you make secure transactions with just a wave of the card. It also comes with complimentary insurance coverage of up to ₹5,00,000 and air accident insurance of up to ₹25,00,000, providing peace of mind while you travel. You can also manage its usage online, like tracking transactions, reloading your card (for existing HDFC customers), and checking your balance on the HDFC portal. 

What helps HDFC Multicurrency Platinum ForexPlus Card stand out is its intelligent fund utilisation feature. This means if one currency wallet doesn’t have enough funds, the card automatically uses another currency wallet with an adequate balance, ensuring seamless spending.

Quick details about the HDFC Multicurrency Platinum ForexPlus Card

• Official website: hdfcbank.com

• Issuance fee: ₹500 (plus GST).

• Reload fee: ₹75 (plus GST).

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

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

• Balance enquiry fee at ATMs: $0.50 per inquiry.

• Daily ATM withdrawal limit: $5,000 or equivalent in the loaded currency.

• Daily e-commerce and POS transaction limit: $5,000 or equivalent in the loaded currency (approximately).

• Card validity: 5 years.

3. ICICI Multi-Currency Forex Prepaid Card

Next in line is the ICICI Multi-Currency Forex Prepaid Card, which supports up to 15 currencies, including JPY, USD, GBP, AUD, AED, and ZAR. You can load funds into multiple currency wallets and enjoy hassle-free transactions wherever you travel. Its superior security features, such as 3D Secure for online transactions and CHIP & PIN technology for in-store purchases, ensure that your money is safe at all times. For even greater convenience, the card supports contactless payments, letting you make quick and secure transactions at PayWave-enabled merchants. 

Another standout feature is its insurance coverage, which protects you against unauthorised transactions in case your card is lost, stolen, or counterfeited. This gives you peace of mind, knowing that you’re financially covered in unforeseen circumstances.

Quick details about the ICICI Multi-Currency Forex Prepaid Card

• Website: icicibank.com

• Issuance fee: No joining or annual fee.

• Cross-currency charges: 3.5% for transactions in unsupported currencies.

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

• Daily ATM withdrawal limit: $2,000 or equivalent in the loaded currency.

• Card validity: 5 years.

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

4. Borderless Multi Currency Prepaid Card by Thomas Cook

The Borderless Multi-Currency Prepaid Card by Thomas Cook supports multiple currencies, including JPY, and offers unparalleled convenience, safety, and flexibility. With global acceptance at over 35.2 million merchant establishments and access to 1.9 million MasterCard ATMs worldwide, you can use the card virtually anywhere without worrying about accessibility. The card also sends real-time email and SMS notifications for transactions, helping you keep track of your spending effortlessly.

Carrying large amounts of foreign currency can be risky, but this card offers robust safety features such as chip-and-PIN technology to protect against theft and fraud. For additional peace of mind, the card provides complimentary insurance coverage of up to USD 10,000. In case of loss, a free replacement ensures minimal disruption to your travel plans, and 24/7 helpline support is always just a call away. Lastly, you can conveniently check your balance and manage transactions through the Thomas Cook Forex website, making this card as user-friendly as it is versatile.

Quick details about the Borderless Multi-Currency Prepaid Card 

• Website: thomascook.in

• Issuance fee: None.

• Cross-currency fee: Zero for supported currencies. 

• ATM withdrawal fee: $3 or equivalent (approximately) per transaction.

• Daily ATM withdrawal limit: $2000 or equivalent, depending on the currency. 

• Card validity: 5 years.

5. BookMyForex Multi-Currency Forex Card

With the ability to load and use up to 14 currencies, including JPY, USD, EUR, GBP, AUD, and SGD, the BookMyForex Multi-Currency Forex Card takes care of your financial planning for multiple destinations. What sets this card apart is its fee-free usage, with zero charges for issuance, reloading, or refunding. Additionally, you can enjoy same-day delivery, making it a convenient option for last-minute travellers. 

Security is another benefit, as the card features Chip-and-PIN protection and complimentary insurance coverage for added peace of mind. You also have the flexibility to track and manage your spending online, ensuring complete control over your travel finances.

Quick details about the BookMyForex Multi-Currency Forex Card

• Website: bookmyforex.com

• Issuance, reload, and refund fees: None.

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

• ATM withdrawal fee: $2 or equivalent per transaction.

• Balance enquiry fee at ATMs: $1 or equivalent per inquiry.

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

• Daily POS/E-commerce transaction limit: $7,500 or equivalent.

6. Axis Bank Multi-Currency Forex Card

Our last second recommendation is the Axis Bank Multi-Currency Forex Card. With support for up to 16 currencies, including USD, EUR, GBP, JPY, and SGD, this card is also ideal for multi-destination trips. You can lock in exchange rates at the time of loading or reloading, helping you plan your travel expenses more effectively. The card also provides added security with EMV chip technology, ensuring safe transactions worldwide. In case of emergencies, 24/7 global assistance and free card replacement (within India) minimise disruptions to your trip. Moreover, online management through Axis Bank’s portal or app makes tracking balances and reloading funds a hassle-free experience when you are in Japan.

For frequent travellers, the Axis Bank Multi-Currency Forex Card adds value with its rewards program, allowing you to earn points on transactions that can be redeemed for exclusive offers. 

Quick details about the Axis Bank Multi-Currency Forex Card

• Website: axisbank.com

• Issuance fee: ₹300 (plus GST).

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

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

• Daily ATM withdrawal limit: $1,000 or equivalent.

• Daily POS/E-commerce transaction limit: $10,000 or equivalent.

7. IDFC FIRST Multi-Currency Forex Card

The IDFC FIRST Multi-Currency Forex Card is another forex option that you can consider for your Japan trip. This card supports 14 currencies, including JPY, USD, EUR, GBP, and AUD. It eliminates issuance and reload fees, which can result in significant savings compared to traditional currency exchange or using credit cards abroad. Additionally, security is a top priority with the IDFC FIRST Multi-Currency Forex Card. It comes equipped with EMV chip technology and fraud protection measures, safeguarding your funds during transactions worldwide. Additionally, the card includes comprehensive travel insurance coverage, giving you peace of mind against unexpected events.

Managing your card is also easy through the IDFC FIRST Bank portal or mobile app. You can track expenses, reload your card, and manage transactions anytime, ensuring complete control over your finances during travel. Moreover, the card offers zero ATM withdrawal fees for the first three withdrawals each month, making it a practical choice for travellers needing cash on the go.

Quick details about the IDFC FIRST Multi-Currency Forex Card

• Website: idfcfirstbank.com

• Issuance fee: Zero.

• Cross-currency charges: 3.5% + GST for unsupported currencies.

• ATM withdrawal fee: Zero for the first three withdrawals in a month, then 1.5% per withdrawal.

How to choose the best Forex card for Japan?

We’ve given you 7 great Forex card options for travelling to Japan, but you might still ask, “How do I pick the right one for me?” 

Let us make it easier for you. When selecting the best forex card, you must focus on what we call the five non-negotiable benchmarks. These factors ensure that you get the most value, security, and convenience during your travels. Anything beyond these is an added benefit, but these 5 points covered below are the must-haves:

1. Lock in exchange rates

Exchange rates can fluctuate frequently. You should opt for a card that lets you lock in the rate at the time of loading, providing certainty and protecting you from unfavourable changes later. For example, cards like the Axis Bank Multi-Currency Forex Card and HDFC Multicurrency Platinum ForexPlus Card let you load funds at a fixed exchange rate, ensuring you know exactly how much JPY you’ll have to spend.

2. Zero or low cross-currency charges

Cross-currency charges are incurred when you spend in a currency that is not loaded on your card. For Japan, a Forex card that supports JPY without cross-currency fees is ideal. Cards like the AtlysX Multi-Currency Travel Card offer zero cross-currency fees, making it an economical choice. 

3. ATM withdrawal fees

Japan is a cash-friendly country, and you may need to withdraw JPY often. High ATM fees can quickly add up to your overall trip expense. So, look for cards with low or no ATM withdrawal fees. The IDFC FIRST Multi-Currency Forex Card, for instance, offers free withdrawals for the first three transactions each month.

4. Ease of use and security

Tracking expenses and reloading funds should be hassle-free, especially when you’re on the go in a foreign country. Choose a card with robust app support and security features like chip-and-PIN technology. For instance, the AtlysX Multi-Currency Travel Card lets you reload JPY instantly and even freeze your card via its app for added security.

5. Active customer support

When travelling abroad, issues like lost cards, unauthorised transactions, or technical glitches can arise. Having 24/7 access to reliable customer support ensures such problems are resolved quickly, minimising disruption to your trip. So, opt for cards that offer round-the-clock support via multiple channels like phone, email, or app. For example, the AtlysX Multi-Currency Travel Card provides 24/7 customer service through its app, and the IDFC FIRST Multi-Currency Forex Card even provides emergency backup cash, making help easily accessible no matter the time zone.

Money-saving tips when using a Forex card in Japan

Once you’ve got the right Forex card, follow these tips during your trip to maximise savings and make your financial management seamless:

• Withdraw cash wisely: Although forex cards often charge lower ATM fees than credit cards, frequent small withdrawals can add up. Japan is a cash-heavy society, so plan ahead and withdraw a reasonable amount of yen in one go. Additionally, use those ATMs at reliable banks or convenience stores (like 7-Eleven or Lawson) to avoid high fees.

• Avoid Dynamic Currency Conversion (DCC): When paying with your Forex card, you may be offered the choice to charge INR instead of JPY. This is called Dynamic Currency Conversion and often comes with high conversion fees. Always choose to pay in JPY to avoid unnecessary charges.

• Take advantage of tax refunds: In Japan, tourists can get tax refunds on purchases made at certain stores when spending over ¥5,000 (excluding tax) [T&C apply]. These refunds are often available on-site at participating stores or airports.

Tip: Use your Forex card for such purchases to avoid additional cross-currency fees while still benefiting from the tax refund. Don’t forget to carry your passport for tax-free shopping!

• Use your Forex card for big transactions: Save money on foreign transaction fees by using your Forex card for high-value expenses like hotels, luxury shopping, or dining at fine restaurants. These transactions often have no additional charges compared to other payment modes.

• Monitor exchange rates for reloads: Some forex cards allow you to reload funds at live exchange rates. Keep an eye on rates and reload when the rate is favourable to get the most yen for your money.

Travelling to Japan is an unforgettable experience, and the right Forex card can make your journey smooth, cost-effective, and secure. By choosing the right forex card and following the tips provided, you can focus on enjoying Japan’s unique culture, cuisine, and attractions without worrying about your finances.

Happy travels!