Planning an international trip? BookMyForex card now offers cashback, hotel booking discounts and airport transfer voucher

BookMyForex, a MakeMyTrip subsidiary, has introduced a travel rewards programme for its forex card users. Customers can now earn cashback on forex loads and access exclusive discounts on flights, hotels, visa services, tours and attractions booked through MakeMyTrip. Eligible users will also receive a complimentary airport transfer voucher.

The upgraded BookMyForex card comes with several travel-related offers. Cardholders can get up to Rs 6,000 off on international flight bookings, enjoy up to 30% discounts on hotels, and receive additional savings on visa bookings, tours and attractions through MakeMyTrip.

New customers will additionally receive up to 2% cashback on their first forex load on a minimum load of Rs 25,000. Customers purchasing a new BookMyForex card with a minimum forex load of Rs 15,000 will also receive a complimentary MakeMyTrip airport transfer voucher of Rs 500, redeemable for an airport pick up or drop at any Indian airport.

BookMyForex card claims on its website that it is a better option than cashcash because it offers zero markup on interbank rates (the rates you see on search engines).

For cash, 2-3% markups are added to the buy/sell spread due to the demand-supply gap, operational costs, and handling risk. Sometimes, markups can go up to 10%, as per the BookMyForex website.

BookMyForex card claims that unlike currency notes, it provides live exchange rates that are updated in real time. Currency notes usually carry 2–3% markups and use fixed daily rates, claims the card During peak travel seasons or for less common currencies, cash shortages can push markups to as high as 10%, while Forex cards allow users to load or reload multiple currencies without such constraints, claims BookMyForex card.