You have done your research and are excited about exploring a new country! But have you given adequate thought to how you would manage your money on your holiday? Inform Citi about your travel by calling CitiPhone. The last thing you would want is for your bank to reject your card transaction for security reasons.
Know the procedures followed by the bank in case of an emergency, just so you can be better prepared.
Keep the international travel desk numbers handy. Citi charges a foreign currency markup fee of up to 3. This is a standard charge levied across the market. This fee is calculated on the Indian rupee equivalent of the transaction made in a foreign currency. Please note for any purchase done in a currency other than US dollars, the transaction is first converted into US dollars and then the US dollar equivalent is converted into Indian rupees. This is standard market practice. Always note the currency you are making the final purchase in.
Indian Rupees for cards issued in India. This service is offered by selected foreign merchants or websites. Depending on the amount provided by the merchant, Citi will bill you the final amount in Indian Rupees.
The process of conversion, the exchange rates and any markup applied in such cases is determined by the relevant merchant or DCC service provider, as the case may be. If you do not opt for DCC then you will be billed by the merchant in the local currency. In this scenario, the foreign currency markup to be charged by Citi will be applicable. Having your card statement is good enough, but sometimes having your charge slips makes it easy for you to cross-check all your expenses.
Need to check balances? Avoid using public Wi-Fi or computers in internet cafes. Always be on the watch for card skimming tricks and practice safe usage wherever you are. Always keep your card details secure and avoid sharing them with anyone.
Hope the above pointers have helped you prepare better for your trip abroad. Travelling abroad — Essential considerations for your money Excited about your upcoming vacation to a new country? Please go through the following points to ensure you come back with only good memories.
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