The premium card is curated for students going abroad for education and offers joining benefits worth up to INR 15,000
Private sector ICICI Bank has announced the launch of its ‘Student Sapphiro Forex Card’, a premium forex prepaid card crafted specifically for students who are going abroad for higher education. The card, powered by Visa, provides exclusive benefits and convenience to students as well as their parents to manage education related expenses abroad including admission fees, course-related fees and other day-to-day expenses including travel, dining and groceries.
The card offers the freedom of loading and transacting in 15 currencies, without any cross-currency mark-up charge being levied by the Bank, allowing students to conveniently travel across the globe even if they load only one currency on the card. This initiative comes in the wake of continuing surge in the number of Indian students going overseas for higher education.
Key benefits of the card are: Free worldwide two complimentary international lounge access worth USD 99, free international SIM card, complimentary Uber vouchers worth INR 1,000 and International Student Identity Card (ISIC) membership worth INR 999 (ISIC is an internationally accepted proof of full-time student status across 130 countries).
Additional benefits include three monthly ATM fee waiver on cash withdrawal for five years, zero mark-up charges on any cross-currency transaction and 5% cashback on all online grocery shopping and transit booking done through online channels.
ICICI Bank also offers the ICICI Bank Student Forex Card and Multicurrency Forex Card to students travelling abroad for education.
