Consolidated FCY Markup fee is the charges which are deducted by credit card company from customer. Its full name is consolidated foreign currency markup fees. When a customer will pay in foreign currency through his credit card, he has to pay the consolidated FCY markup fees to his credit card company.

What is foreign markup fee in credit card?

Those who are not aware, if you spend in currency other than Indian Rupees, banks charge you a foreign currency mark up fee. This fee is as high as 3.5% + GST (~4.13%) for some credit cards. It means, if you spend Rs. 1 Lakh in foreign currency, you end up paying close to Rs.

What is markup fee in Icici credit card?

Mark up fee - 3.5% + Goods and Services Tax (GST) ATM Cash Withdrawal Fee overseas – Rs. 125 + GST.