Niyo Global Card Review | Best Forex Card

If you want to eliminate currency exchange fees, you may want to consider the niyo global card. This is a digital banking service powered by sbm bank. One of Niyo Global’s most attractive features is that you don’t have to pay conversion fees for international purchases. On top of that, you will receive 5% annual interest on your niyo bank savings account balance, as well as free access to airport lounges. The benefits of niyo global card are outlined below.

What are the niyo global card eligibility criteria?

  • Resident Type: Indian
  • For salaried person:
    • Age: The minimum age of the applicant should be 18 years. 
    • Income: No minimum income is required for this card. 
  • For self-employed person:
    • Age: The minimum age of the applicant should be 18 years.
    • Income: No minimum income is required for this card.
  • You need to make an initial deposit of Rs. 5,000 to get the niyo card issued. 

What documents are required to apply for this niyo global card?

  • Photocopy of Address proof (any 1)
    • Aadhar Card.
    • Driving License.
    • Passport.
    • Utility bills.
  • Photocopy of ID Proof (any 1)
    • Aadhar card.
    • Voter Card.
    • Passport.
    • PAN Card.
  • Two recent passport-sized photographs.
  • You will have to complete your video KYC to activate your Niyo zero balance account.

Like most debit and credit cards, the niyo global card also comes in an inactive state. So if you are thinking about how to activate niyo global card for the first time? Then feel free to take a look at our faq page.

How much does the Niyo global debit card cost?

  • Niyo global card joining fee: None. 
  • Niyo global card annual fee: Rs. 499 + GST (From the second year onwards)

What are the niyo global card benefits?

  • Spend anywhere without paying extra charges:

The most amazing feature of this niyo global sbm card is the zero convenience fee on currency conversion. You can load money to your card via- NEFT, RTGS, IMPS, or  IFT, and you can use that money to make payments in over 150 countries across the globe without paying any currency conversion fee.

And if you want, you can transfer the unused money to your bank account without paying any extra charges. Also, you don’t need to maintain any minimum monthly balance.

  • Earn while traveling:

You will get a 5% annual interest on the money you have in your Niyo digital savings account. Therefore, your money won’t go on vacation while you are away.

  • Enjoy traveling with complimentary lounge access:

With your niyo global debit card, you will get free access to most of the frontline airport lounges. You can also enjoy exciting deals and offers while traveling.

This card also offers a complimentary concierge service facility to assist you during your travel. You can call the niyo global forex card customer care number to book your concierge.

  • Complimentary deposit insurance to protect your money:

With the niyo global card, you will get complimentary deposit insurance of Rs. 5 lakh. In case of bank failure, depositors will be protected with deposit insurance from not being able to collect their deposits.

  • Get complete control over your account with the Niyo app:

Getting full control over your niyo account is very easy with the niyo global card app. There is a live currency converter, an ATM locator, and a chat support option that you can use whenever you need assistance.

Additionally, the niyo global app provides real-time account updates. Furthermore, you can set a transaction limit in order to better manage your niyo bank account

  • Use your card anywhere you want:

This niyo global sbm bank card is powered by Visa which makes it acceptable in 150+ countries across the globe. 

  • Pay more conveniently with the advanced contactless payment facility:

This global niyo card is equipped with an advanced contactless payment facility. This feature allows you to make payments just by placing your card over any contactless-enabled POS machine. You can also control the contactless payment option from the Niyo mobile app.

What are the niyo global card charges?

Particulars

Payable amount

Niyo global card atm withdrawal charges
Domestic ATM. Niyo ATMs – None

Other Bank’s ATM – 5 free withdrawals per month, after that Rs. 20 per withdrawal.

International ATM. Rs. 100 per withdrawal 

*The above-mentioned charges are also applicable for balance inquiry.

Neo card cash deposit charge. None
Foreign currency conversion charges. None. 
Niyo global forex card replacement fee. Rs. 249 + GST

For queries like; how to apply for niyo global card? or how to load niyo global card? you can visit our faq page.

How to contact the niyo global card customer care department?

  • Call the niyo global card customer care number: 1860 258 6496
  • Write to the niyo global card customer care email: global@goniyo.com 

100xGain Ratings: 

6.5/10

Pros and Cons:

Pros

Cons

  • You will get a zero foreign currency conversion fee.
  • This niyo global forex card offers you free access to airport lounges. 
  • You will also get a 5% annual interest on your Niyo digital savings account
  • The niyo global card fees seem a bit high.
  • There are no discount or cashback offers on this niyo global card. 

Final Opinion:

If you often travel internationally, then this Niyo Global card will be a good payment option to have in your wallet. With a 0% foreign exchange fee, 5% annual interest on your savings, free access to airport lounges, and complimentary deposit insurance, this card can easily justify the Rs. 499 annual fee. 

But there are no discount or cashback offers on this card and if you do not travel quite often then this niyo global card won’t be beneficial for you. But there are several travel credit cards available that can offer you excellent travel benefits. We have listed the best travel credit cards on our top travel cards page. You should take a look at them. 

 

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