Niyo Global Card Detailed Review after 6 Months Use || Best Forex Card?

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Жыл бұрын

Niyo Global Card Detailed Review after 6 Months Use || Best Forex Card?
You would've heard a lot of good things about Niyo Global Card - That is is the Best Forex Card with ZERO forex fees and that you should get this card immediately. But reality is a bit different!
Niyo Global may not be the best card for you in a lot of cases - watch this video to understand the detailed review of Niyo Global Card
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Пікірлер: 377

@sashanksuraiya9642 Жыл бұрын

Heyy, I am a CA Student, and the con you mentioned about 5% TCS is a govt. mandate. TCS paid gets reduced from the tax payable when one files his ITR. Thus, a person is not incurring any additional charge by using this card!

@allisonburger4972 Жыл бұрын

ज्यादा होशियार बनरा क्या🤣🤣

@AnkitRathi7 Жыл бұрын

This channel always shares half info and is not reliable.

@ujjwalkachhwah1118 Жыл бұрын

@@allisonburger4972 Gawar

@viki19910 Жыл бұрын

Yes even my Bob forex card charged me 5 percent TCS for 65k inr forex bought in euro. So will i get the money refund

@sashanksuraiya9642 Жыл бұрын

@@viki19910 If you file your Income Tax returns, your Tax Payable will be reduced by the amount already paid as TCS

@anubhavpabby6856 Жыл бұрын

Hey the thing you mentioned that TCS is charged only on Niyo global card is wrong. It is charged on all forex cards with 5% tax in accordance to the RBI Rule.

@vikzmori3776 Жыл бұрын

After international trip .. should we have to keep a minimum Balance in account?

@RupinderDhamija Жыл бұрын

The third con is not a con in reality, it's just something to be cautious of. If there's a possibility of currency getting expensive then there's probability of getting cheaper also. Especially when we're talking fluctuations withing 2 days

@sh-og7zt Жыл бұрын

@bekifayti- I loved your content but quite disappointed with this one. Most of the cons are wrong , I have visited Singapore , Thailand & USA there was no problem at all. The good part was, I was able to top up card using any UPI app with just the PIN no dependency on SMS. Regarding 5% tax you are showing that’s it’s a expense whereas it’s not you get return in your ITR filing as it’s TCS . So please don’t portray this a expense. People look at you for correct info . Please maintain that. Thanks

@amitkrdey306 Жыл бұрын

Exactly Best Forex Card without any doubt...

@cooldeep7492 Жыл бұрын

@@amitkrdey306 can you please share your experience with this card.

@tanujsaraogi Жыл бұрын

TCS is not really an expense. It is basically prepaid tax levid on expense similar to TDS which is levied on income and fully adjustable against tax liability for the year.

@PoojaG_PG Жыл бұрын

Considering that I plan to not be expending in USD but actually local currency, which can fluctuate either way and I'm buying the card at the last moment, not months in advance (to be able to make a profit on an average trend of depreciating rupee or appreciating USD), I'm going for local currency. I do not wish to be paying double conversion charges - first INR to USD, and then USD to local currency. So yup, Niyo it is for me. For backup, just in case it doesn't read in certain situations, I'm going to be using my regular credit card. All this is for an upcoming leisure trip to EU.

@cooldeep7492 Жыл бұрын

@PoojaG_PG Hi I hope you had a good peaceful trip, Can you please share How was your experience with the Niyo Credit card during your trip.

@daddyyyyyyyyyyyy Жыл бұрын

*hey what's wrong with slice now, before they won't charge any extra amount if i split the bill into 3 months but now they are charging?*

@12thManMalayalam Жыл бұрын

I didn't understand 4:31 Is it means if I swipe the card at a shop and it will take 3 days for the amount to be transfer from my account to the merchant account ?

@sachinhj9910 Жыл бұрын

I will just use for lounge access😁😁😁 ultimately saare cards ki buying reason yehi reh jaata hai😀

@vvajay 11 ай бұрын

Initially I didn't like the FD thing with the "Credit" card - that the bank isn't giving any credit to the customers. However, later when I compared it with CC or FC, I found it to be way cheaper. So, put money in FD, travel abroad, let the bill come, pay, and withdraw all FD amount. I think a delayed settlement happens with CC also, in which banks always choose to take higher conversion rates. With FC, this is kind of benefit as the amount is locked - but, when you want to withdraw the amount in INR, you'd get lower conversion amount. Hence, all in all, financially speaking, it is very good card. Not sure about the non-acceptance in countries or at some POS.

@avilmonis9129 Жыл бұрын

Can I use Niyo card to make forex payments within India?

@girish.r Жыл бұрын

Does this card accepted in Bangalore international airport lounge?

@Mytravelingface Жыл бұрын

Can we withdraw cash any ATM in this card..?

@Bauer787i 10 ай бұрын

can you use this in Vietnam. I already have bitpay card for thailand and singapore..

@5432Krishna 11 ай бұрын

I am just going to travel as a student and I need the card for the following 2 months max. Should I get the NIYO Global Card or some other bank's card?

@jyotichudasma5511 Жыл бұрын

Is this good to travel europe? Like Germany and Austria?just for 15days?

@Mac_03 Жыл бұрын

Hi @bekifaayati, Thanks for the information. Can you also suggest, which card to get for international travel for a week? (Debit Niyo Global Card or Credit Niyo Global Card)

@SRashidHussain Жыл бұрын

Which card is best for foreign travels on trips plz suggest

@RupinderDhamija Жыл бұрын

You can get the tcs back when filling taxes. This may not be a con for everyone. But the 2-3% forex charges on other cards, wo gayo to gayo.

@pankajgarg2498 Жыл бұрын

Mam 5% tax explained by you is NOT EXPENSE. This is TCS. All TCS paid is credited to your PAN card. You can get refund after filing Annual IT return. Do not misguide people. Further Rs 7 lac is a reasonable limit for 1 person per year. In case you want to go beyond that then use spouse card, children card etc.

@PP-ct4kd Жыл бұрын

correct

@muhammedfaris7772 Жыл бұрын

Can we get refund of the tcs of 5% above 7.5 lack?? If we file it returns!?

@rohitanand14 Жыл бұрын

My stan chart tm informed me their forex card also has 5% tcs. Acceptability is not of niyo but of visa/mastercard

@mandipbhingaradiya5485 Жыл бұрын

Hi, Your video is very informative. If I order my card in India and want to use it only in the India, Do I load USD on the card ? If yes, Are there any charges except currency conversion charge to load USD on the card?

@walterkluwers1888 Жыл бұрын

Best Bank for regular savings account ?

@vickair9351 11 ай бұрын

Hi I just want to know if I withdraw money from atm by this card and after 45 days it will charge me interest of it?

@sagarmaini8877 Жыл бұрын

Can it be used for international lounge access in india?

@xenonplays191 6 ай бұрын

Can we withdraw cash from international ATMs in their local currency at zero forex charges?

@dineshbhurat4218 10 ай бұрын

Is niyo card not issued to pune residents, and they say it is issued to Mumbai, Chennai, hyderabad, bangalore and Delhi only.... Please help.... Thanks

@PriyaSharma29 Жыл бұрын

I used it in 2020 especially for payment on ebay and abroad shopping websites, they accept niyo...and because of low current exchange rates it was beneficial., i was impressed by the mere 15p extra they charge per dollar...which is so low as compared currency exchange places... Ease of loading card from bank account via UPI also helped me so much in Europe, NO OTP required.. App lock off and on is so helpful if we lose card. The only con after using it from jan 2020 till mid 2021 is that it capped me at 7lacs per year and all transactions are reflected in ITR filing govt website...but TDS refund can be claimed after filing ITR at end of financial year..

@sgsitu Жыл бұрын

Thanks for this information

@dipak1428 Жыл бұрын

Does this card work in Thailand

@shinchan-ee3bu Жыл бұрын

@@dipak1428 yep

@Jwincle 4 күн бұрын

Hey thanks for all the details. Does it work well in Europe mainly Italy France and Belgium?

@shivambhartia5918 Жыл бұрын

Hi Can I use My Niyo global bank statement at VFS for Funds Evidence is it valid??

@akshaysharma1861 Жыл бұрын

Should I get it as I am student and need airport access frquently?

@veganchaatparty Жыл бұрын

Super thanks for sharing such useful info about this card....explained in super detail....now its simpler to decide if to go for this card....really super helpful....thanks...have a good one...

@kanishkgiri6429 Жыл бұрын

3rd point is so worng, why are you comparing only USD? Compare EUR and GBP too they have depreciated so theres profit there

@fazeelzubair2787 Жыл бұрын

I came across "hdfc hajj umrah card" on website. I am hdfc account holder. Can u compare this card with niyo global? I'll be visiting Saudi Arabia in few days. Tia

@Aryanthakur-yt9bc Жыл бұрын

If you're using it for some days then it won't matter much

@baskarchittrarasu8758 Жыл бұрын

Outstanding explanation. Thank you madam

@lolank1980 Жыл бұрын

Can i use this card in Kazakhstan without any problem??

@kanishkgiri6429 Жыл бұрын

Dont give incomplete info, TCS can be refunded when filing ITR

@sparshmalpotra8411 Жыл бұрын

And wt if we r not filling itr

@kanishkgiri6429 Жыл бұрын

@@sparshmalpotra8411 if you spend more than 2L on abroad travel you are required to file ITR… If you’re still not filing then you can’t claim back the TCS. TCS will also be applicable on forex cards also

@sparshmalpotra8411 Жыл бұрын

@@kanishkgiri6429 nd wt if we r now living in canada

@kanishkgiri6429 Жыл бұрын

@@sparshmalpotra8411 then you can’t have niyo card as they don’t have NRE/NRO accounts. Holding regular resident accounts as an NRI is a violation of FEMA law. However If you still have TDS or TCS deducted on any payment you can file your ITR in India and claim a refund of the entire amount

@MusicMantraMusic Жыл бұрын

India Main Iss Card KO Use Karke ATM Se Withdraw Karpayenge kya

@vishruthsn8821 Жыл бұрын

Love your videos ❤️. Can please do a video on which is the best card for international use.

@soumikdas832 Жыл бұрын

where you see yearly charge 499rs??

@ApniHealthKaKhyalRakhe Жыл бұрын

TCS can be refunded through itr filling

@4everchild123 Жыл бұрын

How much annual or issuing fees..?🙄🥺

@manpindersingh7292 Жыл бұрын

Which bank forex card is best

@Arseniom13 Жыл бұрын

Can use the card in irland and Europe

@arfathahmed2715 Жыл бұрын

Kya fund add dollars me kar sakte hai?

@priya2264 6 ай бұрын

Equitas bank ka bhi option hai right ? Can you give info on that?

@AjayKumar-cg3vc Жыл бұрын

Sbm neo card is now blocked by RBI. Can you suggest me another 0 forex charge card?

@CeylonBoy4643 Жыл бұрын

I am from Sri Lanka how can I use this card?

@kuldeepsingh5389 Жыл бұрын

Does this card work in Apple search ads?

@devshah9025 Жыл бұрын

Really helpful video, I was thinking of getting this card for my one way travel to Canada, as The no conversion charge attracted me the most, but still after hearing the cons I am having second thoughts on this, Any suggestion for this would be really appreciated, thanks again for this educational video!

@parthsheth7207 Жыл бұрын

Go for one card it has 1% mark up fee, still far less than other cards, plus it is a credit card so no need to top up and burn your wallet in advance. Other for a safer side go for a forex card with minimum amount in it. First use Niyo, if it fails, go for one card, then last forex card. Both niyo and one card are free of cost. Forex will burn your wallet so go for minimum amount.

@akula743 Жыл бұрын

With the RBI clamping down on SBM, sadly this is not there at least for the short term

@techienurse3652 Жыл бұрын

Debit card me POS me 2% charge lagta hai kya

@iambrainpur Жыл бұрын

can send money to abroad by this card?

@swetarchibhardwaj857 Жыл бұрын

Mam is sbm bank account safe ,can I keep money in it

@mohitshah4159 Жыл бұрын

Hi. Thanks for video. I have seen on some other websites, that there is a surcharge levied on this card of 8.99% when we withdraw AED from ATM. Can you please mark your remarks...

@sparshmalpotra8411 Жыл бұрын

Is this card work in canada?

@b89purvakhetan36 Жыл бұрын

One question. If there is certain balance left in our Niyo card at the end of our foreign trip, can we transfer that back to our indian bank account ? Any extra fee / charges on that ? Kindly guide

@kbiiir Жыл бұрын

yes you can

@Youtuber-fo1nl Жыл бұрын

Is it good for traveling Dubai? Just one trip

@shubhamthadani5587 Жыл бұрын

Aare didi TCS is not the expense.. we can get refund of it while filing return.. yeh sab bataya karo na

@bheemsha1410 Жыл бұрын

Mam konsa card best hey india mai aur international trip k liya

@manaliarya2690 Жыл бұрын

Hey can i receive international payment in niyo global account?

@DeepeshAgarwal Жыл бұрын

5% is TCS and can be claimed for refund, 2-3% charge on other cards cannot.

@aman73474 Жыл бұрын

If i am going abroad for 2 years shoudl i use this card???? Or can i do one thing till 7 lalh can i use this card and after that can I use normal forex card so that in results i can take the benefits of niyo till 7 lakhs ruppees?????

@sahilmore921 Жыл бұрын

No joining fees and no annual fees for now🤦🏽‍♂️

@shivpsingh8999 Жыл бұрын

Does it works in Maldives??

@shivghosh708 18 күн бұрын

Mam forex card bank ya private company se Lena chahiye

@kunal9657 Жыл бұрын

Its a VISA card and uses visa exchange rates , so acceptability is not an issue. I used it in USA. The DCB issued niyo card does not give any interest

@aseemsharan Жыл бұрын

you should mention whether tcs is refundable or not when you file your itr. incomplete info

@shaikshahil1739 Жыл бұрын

You said about 5 % tax Does FI Debit card also have same charges?

@shaikshahil1739 Жыл бұрын

And can you please suggest some good forex cards for students going abroad

@deepanchakravarthi859 Жыл бұрын

I already have a sbm bank account.. May I do another bank account?

@aseemsharan Жыл бұрын

do it

@Utkarsh_Kumar_Rai Жыл бұрын

Using Neo from last 7 months in all international travel. No issues so far....yes you get stuck when the servers are under maintenance. And this maintenance has now become frequent. These updates happen mostly on Friday, so if ur in a Islamic country where Friday is a day for outing...u may get stuck.

@kanchanverma5221 Ай бұрын

is passport necessary for opening this account?

@mallickhussein2161 Жыл бұрын

I just want to say OMG 😨 fabulous explanation

@gautamv Жыл бұрын

what is your suggestion I go to long time stay in abroad

@ambarpathakkilbar Жыл бұрын

There's no clear way to do transaction at atm i am unable to take money out of my niyo card using international atm

@Mr.W3361 Жыл бұрын

Can i withdraw local cash by the niyo credit card

@sandeepchatterjee2752 Жыл бұрын

After few months usage and POS transaction I found out that they are adding 7%+ GST on forex conversion charge which is already 2-3% more than any other cards, or forex cards.....The gimmick of no markup is balanced in Forex conversion. Please correct me anyone if I am getting it wrong. Example - 1 AED was 22..33 and Niyo was charging 23.83 for conversion and my ICICI was charging 23.33 for loading.

@Zelinsky14 11 ай бұрын

As far as I know Niyo has no part in the conversion rate...that is decided by Visa in real time during the transaction

@arijitbasu8605 Жыл бұрын

Complete knowledge gap. TCS will be charged for FOREX card also however it can be adjusted with your tax liability. Secondly, the example shown for Cons with transaction rate is incorrect. You have not considered the 5% interest the person will earn when such interest is not available in forex card. Also, the interbank rate of 20th july 2022 will not be charged, it will be more than that around 1-1.25% which is the VISA exchange rate. The concept of NIL FOREX conversion charge doesn't exist for any products offered by NIYO.

@autoloanexpert7808 Жыл бұрын

dosto galti se use mat karna ish card ko befkoof banate hai mere sath 90000 ki fraud hua h or inka na koi office hai na koi call centre

@go_niyo Жыл бұрын

A plane ticket is always the answer, who cares what the question is? Happy to see you travelling smart with Niyo Global.

@aditya_das Жыл бұрын

I haven't heard something more unrelated than this statement.

@aseemsharan Жыл бұрын

@@aditya_das 😂😂😂

@soumyahirakki7845 Жыл бұрын

Is niyo accepted in bali and Indonesian islands?

@Fuelthejet Жыл бұрын

Worst experience from Niyo website. I updated all details and verified kyc etc and towards the end it said pin code not serviceable. Time waste

@karanmalhotra97 16 күн бұрын

hey, pls tell what are annual charges of this card

@rishikakhosla2587 Жыл бұрын

Can someone please tell me if my parents want to add amont from India to niyo card for me to use in France how that can work ? How they can do that

@anudeepsesetti9763 Жыл бұрын

Set up upi for your card through app, ask your parents to send to that upi id. But there will be limits for upi. Bank transfer is possible, u have send your account number and they do fund transfer just like any domestic bank

@shreyashthorat130 Жыл бұрын

I'm going to Mauritius for Industrial Training. Is it good to use there...

@mdgani7848 Жыл бұрын

Today i got my new Neo global card.

@birendesai1984 6 ай бұрын

What is visa exchange rate of niyo global card which they mention on site

@1992srajan Жыл бұрын

I am planning for thiland trip can anyone please suggest me if niyo card would be helpful for me there???

@dobbydeolbloopers5458 Жыл бұрын

Can anyone tell me if niyo card is not eligible in thailand then which forex card is good after niyo? Thanks for giving me such informative video and it was worth it to watch :)

@TheLazyFitness Жыл бұрын

Try SBI Forex Card.

@TheLazyFitness Жыл бұрын

@Netflix Entertainment I have used it for 2 years and had an issue just once which was solved over the phone. It's not the best in the market but it's okay for me