Since I am a noob in the payments/banking sphere, I have a doubt about international debit card spends (on international websites).
My assumption is based on what I read about Jupiter’s forex charges.
Kindly let me know if the user journey is correct:
I spend USD 100 or AED 250 (or any other foreign currency) on an international website.
I have a Pro account, so theoretically I will not be charged any forex charges (upto ₹25,000).
The charges will be calculated as per VISA conversion rate:
ExchangeRateComp | Visa
During the transaction, Jupiter will deduct amount equal to (Calculation of Step 3 + 3.5% forex charge)
After a week the forex charges will be credited to my account (assuming spend is less than ₹25,000).
Also, is there any other kind of charge(s) levied, that I may have missed?