Using IDFC Mayura Credit Card or Niyo Global Card or any other Forex card in Singapore – Which is Better?

[ansh_SmartSpender360]

Hi all,

I’m traveling to Singapore soon with family and trying to decide between two cards with regards to international transactions:

IDFC FIRST Mayura Credit Card(Mastercard)

Niyo Global Card (SBM Bank, Visa)

Just confirmed with IDFC customer care that:

No forex markup

No Dynamic Currency Conversion (DCC) charges and Currency conversion uses Mastercard/Visa exchange rates at settlement date (can vary day to day).

The only possible extra is a 1% utility surcharge + GST (but only for certain merchant categories)

Niyo also claims zero forex markup, but I know Visa rates usually include a small spread (0.5–1%).

Would love to hear from anyone who has:

Used either of these cards in Singapore (or abroad) noticed any hidden charges

Advice on which one offers better real-world conversion rates( I think Mayura as it uses Mastercard/Visa exchange rates without spread)

Thanks in advance for your help!

 

[ansh_SmartSpender360]

I got to know that Dynamic Currency Conversion (DCC) is something offered by the merchant, not controlled by the credit card Issuer. When making a purchase abroad, the terminal or staff may ask whether you'd like to be charged in Indian Rupees or the local currency (e.g., Singapore Dollars).

If you choose to pay in Rupees, the conversion is done by the merchant, often at a rate worse than the standard Visa or Mastercard exchange rate. The fee or rate applied is set by the merchant, not your card issuer.

Can we say to charge in SGD or should I go for Bookmyforex card