Scapia offers 0% forex — for free
Scapia launches a lifetime-free credit card with 0% forex markup and unlimited domestic lounge access, resetting the entry price for zero-forex travel cards to zero. This move offers significant value to cardholders with no joining or annual fees.
Scapia has launched a credit card in association with Federal Bank, offering 0% forex markup and unlimited domestic lounge access for free. This card has no joining fee and no annual fee, making it an attractive option for travellers. The card also offers 10-20% coins on spends, although these coins can only be redeemed within Scapia’s own travel app, which translates to a 2% reward rate. Despite this limitation, the card’s zero-forex and lounge access features make it a compelling choice. Our take: 0% forex on a card that costs nothing to hold resets the entry price for a zero-forex travel card in India to zero, and every rival charges a fee for the same line. The catch is the currency — 10-20% back in coins that only spend inside Scapia’s own app, which is a 2% return if you live in that app and nothing if you don’t. Take it for the forex and the unlimited domestic lounges. Treat the coins as a bonus, never as the reason.