The Forex Card: Predictable Rates, Hidden Conditions
A forex card locks in the exchange rate at the time you load it. If the rupee weakens mid-trip, you are insulated. That is the genuine advantage, and it is real. Banks like HDFC, ICICI, SBI, and Thomas Cook issue multi-currency forex cards that let you load several currencies at once, useful if you are moving between, say, Europe and the UK on the same trip.
