Travelling abroad? HSBC makes all its credit cards zero-forex-markup for a month

HSBC has announced that it will offer zero-forex-markup on all its credit cards for a month for customers traveling abroad. This means that customers will not be charged any extra fees when making international transactions. The move is likely to benefit customers who frequently travel abroad, as it can help them save money on foreign exchange fees. It may also put pressure on other banks to follow suit, potentially benefiting the wider market.

Why it matters

HSBC's decision to offer zero forex markup on its credit cards will save money for Indian consumers travelling abroad. This may increase their spending power overseas.

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