Loans & credit
Forex markup
Also known as: Foreign currency markup
An extra fee, usually 2-3.5%, charged on credit and debit card spends in foreign currency.
When you spend abroad or on foreign websites, banks add a forex markup on top of the exchange rate.
It is typically 2% to 3.5% plus GST, quietly inflating every international transaction.
Some travel-focused cards offer zero or low markup, which is worth it if you spend abroad often.
For example
Buy a $100 subscription and a 3.5% forex markup adds roughly ₹300 on top of the converted amount, plus GST.