Credit Card while moving abroad

POSTED BY Ram Mohan ON September 30, 2012 1:32 pm COMMENTS (3)

Can I continue to use my INdian credit card if I move abroad till the time I get one there? Is there a possibility to speak to the bank to convert my Indian card to an overseas card?

3 replies on this article “Credit Card while moving abroad”

  1. You can use your card for trips uninterrupted until 1 year. If you visit India in the interim the time period gets reset. Also SB acct gets changed to NRE after 6 months of continuous stay.

  2. Ram Mohan says:

    ok thanks, but as per RBI regulations or something, am I not supposed to cancel my credit cards when I’m moving abroad? Just like I have to convert my savings account to NRI or NRE?

    I’m asking about using the card temporarily while abroad till I get settled or get a new card there…

  3. You can continue using the same but it will incur additional charges upto 3-5% for transactions in a currency not in INR.

    Credit card cannot be transferred because the same bank existing in different countries are separate legal entities and they have different procedures for issing a credit card. However some corporates have a tie up with banks like Citi so when an employee relocates to a foreign location Citi agrees to provide them a Credit card in the foreign currency. Hope this helps.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Download Our FREE Ebook!

Available only for first 100 people today

Download Our FREE Ebook!

Available only for first 100 people today