Is It Really Worth Buying a Niyo Card for Thailand? 🤔

Support & Troubleshooting Help
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I was considering getting a Niyo Global Card for my Thailand trip, but now I’m wondering if it’s actually worth it. Here’s why:

  • Orient Money Exchange is offering 1 THB = ₹2.59 (no extra charges).
  • The official exchange rate is ₹2.52 per THB.
  • If I exchange 10,000 THB, it will cost me ₹25,900 in cash.

:credit_card: But with Niyo:

  • I get the real exchange rate (₹2.52 per THB).
  • ATM withdrawal fee: ₹500 + 18% GST (~₹590).

So, I’d pay around ₹700 extra for hard cash, but if I use Niyo, I’ll save only if I avoid ATM withdrawals.

:small_blue_diamond: My Questions:
:one: How does using Niyo actually save money in this case?
:two: Is there a way to avoid the ATM fee and still get the best exchange rate?
:three: Has anyone used Niyo in Thailand and found it beneficial?

Would love to hear real experiences before deciding! :speech_balloon::airplane: #TravelTips thailand #Forex #NiyoGlobal

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Consider following aspects:

  1. Limit ATM Withdrawals: Use the Niyo card primarily for direct purchases to avoid withdrawal fees.
    2.Consolidate Withdrawals: If cash is necessary, withdraw larger amounts less frequently to reduce the impact of fixed fees.
    3.Choose ATMs Wisely: Opt for ATMs that do not impose additional fees. While many Thai ATMs charge around 220 THB per transaction, some may have lower fees.

I myself have used Niyo card and found it seamless at most places. Consider not taking cash if it’s not required or calculate cash requirement and withdraw once it would save more than Orient rate.

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Hi,

I used my Niyo card few months back in Thailand.
While their is exchange rate benefit and the card works at lots of place (minus road side eateries).

Additionally what worked for me was, I was not carrying any physical currency and there three free withdrawal option from select ATM.

I got all the Thai Baht from ATM there one consolidated withdrawal and withdrawal charges were reversed as Niyo Coin, which I used for booking flight tickets.

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