Skip to main content

Advantages of Forex Card and Its Benefits for Travellers


Travelling abroad? You should certainly use a multi-currency forex card for all your payment needs. The prepaid multi-currency cards are the best way to carry money when you are on a holiday. Wondering why you should use one? Here are some features that help you decide:
·      You get many options; in India, you can opt for an Axis bank multi-currency card, a HDFC bank forex card or an ICICI bank forex card for your needs. You can use any of these cards to withdraw your cash from ATMS or make any type of e-commerce transaction while you are travelling.
·      The advantage of carrying a multi currency forex card is that you don’t have to go running around to money exchange locations or worry about the best foreign exchange values. All you have to do load your card for a fixed amount of foreign currency ahead of your travel. It is safe and secure, and gives you a hassle-free experience. It helps you load multiple currencies (between 10 and over 20, depending on the bank), so if you are jet-setter, travelling from one country to another, you don’t have to rely on multiple currencies in cash or cards. A forex card preloaded for many countries is all you need. You can buy a card from your bank or even one of the money exchange locations. You would need to provide certain KYC documents, your PAN, visa etc to obtain a card.
·      In case of credit or debit cards, you are typically charged extra for any kind of cross-foreign currency transactions. Here you don’t have to worry about that. Also, there are no extra transaction fees at any e-com or outlet transactions while swiping it.
·      Once you get back to your country, in this case, India, you can enchase any money that is remaining on the card, whether it is an ICICI bank forex card or some other forex card

If you want to know other Features & Benefits of Multi-currency Forex Card, you can visit source blog.
Source: https://yourexpertguide.wordpress.com/2018/07/02/what-are-the-features-benefits-of-multi-currency-forex-card/


Comments

Post a Comment

Popular posts from this blog

How Currency Swings Can Affect Your Holiday Costs?

Rise and fall, variation or shift in the floating exchange rate system is a norm in the case of most major economies. The currency’s value goes hand in hand in accordance with the foreign-exchange market. International money exchange rates are affected by numerous factors that are usually in a state of perpetual flux. These include interest rate differentials, economic performance, supply and demand of the two currencies, and inflation. If you run a travel business, you’ll directly be impacted by fluctuating currency rates. The relative strength, or lack thereof, of the dollar against other major currencies will dictate your business traffic. Travel Trends: A Lot of people travel for leisure than for business. Travel, just like any other activity, experiences trends that tend to develop based on various forces. Unsurprisingly, trends can be set by the media. Specifically, travel media may establish some trends based on tourism surveys and other professional r...
Post a Comment
Read more

Know How Exchange Rates Work and What Affects Them?

Planning to travel abroad anytime soon? Then, you would definitely need to brush up on forex currency exchange and currency exchange rates. You would need to know how to buy forex and also look up the best money exchange locations . Before that, it helps to understand what international money exchange is all about. Essentially, foreign exchange rate is the amount or value of one currency vis-a-vis the other. What is the worth of one unit of your currency in another country’s unit of currency? So, if your country’s currency is the rupee, and you are travelling to the US, for example, what is the worth of a rupee in relation to the US dollar, and how many rupees would you need to shell out to convert it into one US dollar? That is what you would need to understand when you head out to buy forex. Foreign exchange is also the world market where currencies trade. The US dollar is still considered the dominant currency across the world, and many a time, currency exchan...
Post a Comment
Read more

Recent Downfall of the Indian Rupee

Over the past few years, the value of Indian rupee has been plummeting fast against the US dollar. And the falling value of a rupee means less export/import power in the hands of people as well as the government. Which in turn makes the nation financially weaker, hampering the prospects of international trade and currency exchange rates. Here are a few factors that change the dynamics of the Indian economy. Crude oil: With the fast development and growth of the Indian economy, the demand for petrol and petroleum products has been consistently rising. India produces about 20% crude oil we require, and the rest is imported from Saudi Arabia, Iran, and other Gulf countries. Reputed oil companies of India require millions of dollars every day in order to import crude oil and gas. Thus, the increase in the demand for the dollar leads to its appreciation and decrease in the value of the Indian rupees. Trade Tensions: The policies of the US President have had...
Post a Comment
Read more