A prepaid travel card or multi-currency forex card has changed the way we manage our money abroad. It offers the easiest and safest way to carry foreign currency on your travels abroad. You can load it with multiple foreign currencies at once and make all kinds of international bookings and payments without incurring currency conversion charges.
The best part about a prepaid travel card is that you can avail yourself of the best foreign exchange rates while loading or reloading it. It is accepted world and offers protection against foreign currency rate fluctuations. Compared to liquid cash, it is safer to carry. It is also easier to use than a traveler’s cheque.
The perks of getting a multi-currency prepaid travel card
A multi-currency forex card comes with a host of features and benefits that you can avail yourself of on your travels abroad, such as:
● It has all the security features of a credit card, ensuring the safety and security of your transactions abroad.
● While loading your prepaid travel card, you can get the best foreign exchange rates.
● The best part is that the foreign exchange rates are fixed at the time of loading the forex card. It means that you are immune to fluctuating foreign currency rates.
● Your days of standing in long queues to buy or exchange foreign currency are long gone. You can book your forex rate and load it onto your foreign travel card anytime from anywhere.
● It enables you to make international bookings and payments at hotels, restaurants, clubs, cinemas, stores, airlines, and petrol stations at zero or minimal extra charges.
● You can use a forex card to withdraw cash from any ATMs abroad. You will not have to worry about currency conversion charges. However, you will have to pay a nominal withdrawal fee on each transaction you make.
● If you lose or misplace your foreign travel card, you can immediately inform your bank to freeze the balance and issue a new one. Keep in mind that forex card replacement comes with a nominal fee.
● It allows you to keep track of your spendings and check your balance through instant SMS & email alerts.
● You can opt for an easy encashment facility after returning to India.
In short
Getting a multi-currency foreign travel card is the best way to manage your hard-earned money abroad. Compared to liquid cash and travelers’ cheques, it is safe, easy, and cashless. It enables you to travel the world without incurring cross-currency charges.
