When planning to travel to an International destination, the first question arising to a traveler’s mind is how handily can they carry foreign currency while travelling to a foreign country? Carrying handy cash is one option; the other could be carrying a traveller’s cheque as well. In the past, carrying a traveller’s cheque was one popular way of carrying money overseas – but today’s travellers are likely to rely on ATM and credit cards since they usually offer better exchange rates and fees. But using a Forex card is the most convenient way to carry money while travelling abroad. These cards are usually pre-loaded by the respective banks and Forex merchants. The plastic money works similar to how any credit card or debit card would work, facilitating the option of purchasing good or services from any part of the world.
Why are travel cards helpful?
Travel cards are sold by most of the financial institutions where there’s an option of pre-loading card with respective foreign currencies. With all the travel cards, you do have the option of locking the exchange rate for the amount you have deposited in the card. This is convenient since later you’ll have not have any unexpected currency variations for transactions.
Travel cards are considered to be extremely safe since they are not linked with our usual bank accounts. Plus these cards have a pin to protect. Moreover, if your card is stolen or lost, the owner of the card can immediately get a replacement of the card with any unused funds transferred for absolutely free or a nominal fee.
Here’s a list of benefits of using a Prepaid Forex Card
1. Globally accepted
2. Facility of going cashless
3. Safe and secure
4. Helps in saving
5. Multi-currency convenience
Precautionary measures with your transactions
If you are going overseas, you must inform your card provider about it. Card providers are very alert about forgeries, if they find something similar with respect to your transactions, there’s a possibility that they might deactivate the card. While most of the cards are secured and well-protected, to ensure that you do not fall prey to any fraudulent activities, it is always advisable to check with your card provider.
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