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NiYO Global Forex Card Review

Pranav Pranav Follow May 25, 2019 · 5 mins read · 0 comments
NiYO Global Forex Card Review

NiYO Global Card is a next generation forex card which eliminates the many pain points of current generation forex cards. To start with, it’s an INR card, which can be used globally (150+ countries), including in India and card can be loaded via any bank account using IMPS/NEFT without any charges. The card comes with NiYO Global app which lets you manage your card on the move and offers bunch of other useful features.


NiYO Global Card

NiYO Global Card offers a bunch of features which are outlined below:

  • Load via IMPS/NEFT without any charges
  • Use it in any currency with zero forex markup fee
  • Use at merchant POS terminals worldwide accepting VISA
  • Use it for online transactions in 150+ currencies
  • Withdraw cash at ATMs all over world
  • Unused money can be transferred back to bank account
  • Track expenses realtime using NiYO Global App
  • Lock/unlock card on the move using NiYO Global App
  • Reset PIN instantly using NiYO Global App
  • 24/7 Whatsapp priority service


  • No joining and renewal fees, currently being issued for free
  • No charges for loading the card, however your bank may charge for IMPS/NEFT
  • No foreign currency markup fee and Visa exchange rate are applicable for foreign currency transactions
  • No ATM withdrawal fee, however the bank that the ATM belongs to might have their own fees associated with withdrawals

Spending Limits

NiYO Global Card comes with following spending limits:

Category Per Transaction Daily Monthly Yearly
Credit/Top Up Rs. 10,00,000 Rs. 10,00,000 Rs. 10,00,000 Rs. 25,00,000
Merchant (POS) Swipe Rs. 5,00,000 Rs. 10,00,000 Rs. 10,00,000 Rs. 25,00,000
Online Transactions Rs. 5,00,000 Rs. 10,00,000 Rs. 10,00,000 Rs. 25,00,000
ATM Rs. 1,00,000 Rs. 1,00,000 Rs. 2,00,000 Rs. 5,00,000
Fund Transfer Rs. 2,00,000 Rs. 5,00,000 As per Balance As per Balance

I feel these spending limits are pretty generous and will suffice most of the travelers.

How to get this card?

This card is currently being issued to Indian Citizens holding a valid PAN card and address proof (Aadhaar, Passport etc.).

NiYO Global Card Process

You can apply online for this card using my referral link below:

Apply Now

Using above link, both of us will get Rs. 500 on doing first international POS transaction of Rs. 1,000, which is not available otherwise.

Once you fill up the form, you will be contacted by their executive for fixing an appointment. Their executive will visit your place to scan the documents using their mobile app. Hence you need to keep the original documents with yourself during the appointment. Once document collection is done, executive will handover you the card kit which contains following:

  • NiYO Global Card
  • ATM Pin
  • Welcome letter
  • Most important terms and conditions

You should be able to login to NiYO Global app post KYC approval and card activation which happens same day in the night. Post that you can transfer funds to your card using Account Number and IFSC code displayed in the app.


I used this card extensively in Europe and England and I didn’t face any issue. Loading money was hassle free and I just used to IMPS the amount to card account and it used to get credit instantly. The card was accepted by all merchants across Europe and England without any glitches. As soon as transaction was done, it used to show up in the NiYO Global app with amount in both foreign currency as well as approximate INR. The transactions used to get settled in 2-3 days and hence exchange rate of that time was applicable. Hence, due to fluctuation in currency exchange rates, there used to be some debit or credit of amount.

NiYO Global App Transaction History

I also used it for withdrawing money in ATMs and it worked seamlessly. There were no extra charges for ATM cash withdrawals and I was able to get Visa exchange rates for this too.


This is a fantastic card which simplifies the forex transactions to a great extent. Given that company is not charging anything for this card, I don’t see a reason for not using this card. Ability to transfer excess funds back to your bank account is cherry on the top.

Overall 5/5

Apply Now

PS: You can save even more using a combination of NiYO Global Card and credit card. Read about most rewarding credit cards with low forex markup fee for foreign travel & spends here.

What do you think of this card? Share your experience of using this card in comments below.

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Written by Pranav Follow
Hi, I am Pranav! I love to acquire, review and earn reward points/cashback from Credit Cards. Guiding people about benefits and optimal utilization of credit cards for years.
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