Niyo credit card

[zack54]

Hello Friends,

I want to apply for Niyo global credit card, I tried to apply for the same but it is asking to open an account with Niyo. Has anyone holding the Niyo account and also using the Niyo global card? Please share your feedback.

Thank you

 

[launchcraft]

Yes, I have the Niyo global credit card, it's a secured card which has to be made by creating an FD with SBM Bank as Niyo has a partnership with them.
So you need to open the Niyo savings account with SBM Bank to create an FD and deposit funds

 

[zack54]

Thank you for sharing the information. Is this card really beneficial in terms of forex conversion and other expenses outside India?
Also saving account is zero balance account or we have to maintain the balance as well?

 

[launchcraft]

Thank you for sharing the information. Is this card really beneficial in terms of forex conversion and other expenses outside India?
Also saving account is zero balance account or we have to maintain the balance as well?

It was a zero balance saving account but few days back, I received a mail regarding the debit card annual fee of around 500 which can be waived of if we keep 5000 as average balance.

This card is beneficial in terms of forex conversion and outside expenses, but I do feel we have better cards than this available in the market.

 

[launchcraft]

Thank you for sharing the information. Is this card really beneficial in terms of forex conversion and other expenses outside India?
Also saving account is zero balance account or we have to maintain the balance as well?

Plus you have to pay another 300 for the credit card