Should I get a credit card or debit card to use abroad? Which one - niyo, FI, RBL? Any other?
Best setup is to carry both - a credit card and a debit card. Use a zero-forex debit like Niyo Global (the DCB version is more reliable than SBM) for everyday swipes, and keep a strong travel credit card (like HDFC Regalia Gold, Axis Magnus, or SBI Elite) for bookings and emergencies. Fi is good for app experience but hasn’t proven itself abroad as much. Avoid depending only on debit, especially in the US or Europe where hotels prefer credit cards. Always keep at least two options when travelling.
I had Niyo (SBM) earlier and while the zero markup was nice, it failed at a few ATMs in Europe and I had to fall back on my Axis Bank credit card. Fi also looks fancy with its app, but it’s still just a debit card and may not be accepted at car rental counters or certain hotels abroad. If you travel often, get a proper credit card with lounge access and insurance - use this mainly for swiping. Use debit card for withdrawals.
I’ve been using Niyo Global for two trips (Dubai + Spain) and honestly had no issues. It’s a debit card, but I paid at restaurants, metros, and ATMs without problems. The zero forex markup really saved me compared to my old ICICI card that used to tack on 3.5% extra. I also carry an HDFC Diners Club Privilege credit card just for emergencies, but Niyo handled 90% of my expenses. If you want to keep it simple, Niyo Global + one backup credit card is a solid combo.
If you’re mainly looking at travel use, a credit card is usually safer than a debit card because of fraud protection and higher acceptance. For Indian travellers, Niyo Global (DCB variant) is popular since it offers zero forex markup and works on Visa worldwide. Fi is also decent but it’s still a debit card and may get declined at some hotels or car rentals abroad. RBL has a world debit card which has zero forex markup. Yes also has options like Yes Elevate with no forex markup.