ilmscore | Prediction Details
"If you use a normal credit card abroad, the average credit card charges you 3.5% plus GST 18%. 3.5 + 18 is 4.1%. You're paying extra for every 1 lakh you spend abroad. You're spending 4,000 rupees extra if you use an average credit card, right? A Forex card makes that much much cheaper, right?"
By Finance With Sharan | July 18, 2025 | Correct
From video
Loan Without Collateral + Best Forex Cards for Indian Students | Study Abroad Hacks Masterclass 00:14:20 - 00:14:38
Interpreted Prediction
Using a normal credit card abroad incurs a 4.1% fee (3.5% + 18% GST), whereas a forex card offers significantly cheaper transactions.
AI Evaluation Notes
The prediction states that using a normal credit card abroad incurs a 4.1% fee (3.5% + 18% GST). This is based on the calculation 3.5 + 18% of 3.5, which is approximately 4.13%. A credit card when used abroad will incur a fee close to the predicted value.

Prediction Details

Topic
Forex Card Transaction Fees

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