WordsDynamic currency conversion
DCC
Short for dynamic currency conversion: a shop, site or ATM abroad offering to charge you in rupees instead of its own currency, with its conversion fees built in. Visa makes it show you the exchange rate and any markup, and leave the choice to you; Visa also says DCC often carries a markup of 3 to 5 per cent.
Banks can charge a fee of their own on top when you pay in rupees abroad, separate from the forex markup on foreign-currency spends. HDFC Bank’s MITC, for example, adds 1.75 per cent from 15 May 2026 to any rupee payment made abroad, or to a merchant in India that’s registered overseas.
Where this comes from
- Visa, Dynamic Currency Conversion ExplainedVisa India page, undated (its metadata says June 2023): What is Dynamic Currency Conversion? and What to expect when merchants offer DCC
- Visa, Travel Credit Cards and Foreign Transactions ExplainedVisa's US page, undated: dynamic currency conversion section
- HDFC Bank, Key Fact Statement cum MITC for Credit CardsVersion 4.12, 30 September 2026: Part I, A) iii. (p) dynamic currency conversion markup fee
Last checked
Posts that use it
Nobody has written about DCC yet.
Write about it
More words like it
Forex markup
The extra on foreign spends
What a card adds on top of the exchange rate when you pay in another currency. Often 3.5 per cent, lower on some cards.
More about forex markupGST
Goods and services tax
18 per cent, added on top of a card's fees, interest and markups. The bank doesn't add it to what you spend.
More about GSTMDR
Merchant discount rate
What a shop's bank keeps from each card payment. Shops that charge extra for cards often point to it.
More about MDRMITC
Most important terms and conditions
The bank's own document listing a card's fees, interest, billing and rules. RBI's rules make every card issuer give you one.
More about MITC
What happened to members, not financial advice. Offers change, so check with the bank. Terms of use