Skip to main content

Benefits of Using a Travel Money Card Over Using Your Own Credit Card


Planning to travel overseas, and wondering what’s a better option, your credit card or a travel money card? You don’t have to keep rushing to money exchange locations for every transaction when you are abroad; instead carry a multi-currency forex card, especially if you are travelling to multiple countries, within Europe, for example. The options are plenty; you could carry a HDFC bank forex card, an ICICI bank forex card or an Axis bank multi-currency card. You don’t have to constantly worry about money exchange, and instead carry a small amount of foreign exchange from India. Read on for more on the benefits of using a travel money card over your credit card.
  • One of the biggest benefits is that by getting a forex/travel card you are safe from the fluctuations in the currency value; the value of currency you are loading on that specific day will remain the same throughout your trip. This means you don’t have to constantly fret over changing values and travel peacefully. You also don’t have to keep rushing to money exchange locations to check varying rates. When you carry a credit card, the highest currency rate on the day of the transaction gets reflected in your statement.
  • With an option such as an ICICI bank forex card, HDFC bank forex card or Axis bank multi-currency card, you have the advantage of loading multiple currencies.
  • While withdrawals at ATMs through a forex card will mean you have to pay withdrawal fees, you may not have to do so at merchant outlets. You can make the most of a forex card by using it at PoS terminals rather than withdrawing hard cash from an ATM.
  • When you carry a multi-currency forex card for your holiday, it allows you to plan your budget well because you know exactly how much you have, and how much you can spend, and also don’t have the hassle of accounting for currency variations. Planning trips on a budget becomes easier than when you use a credit card.
If you want to know more about What Are the Benefits of Using a Travel Money Card Over Using Your Own Credit Card, visit source blog.
Source: https://yourexpertguide.wordpress.com/2018/08/28/what-are-the-benefits-of-using-a-travel-money-card-over-using-your-own-credit-card-when-travelling-overseas/


Labels:

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

Pros and Cons of Forex Card Vs Debit Card Vs Cash

You have a foreign trip coming up and are unsure how to carry your money. Should you buy foreign currency notes, get a worldwide travel money card or head to a foreign cash exchange place once you land in your destination? How about a debit card Read on for more eon the pros and cons of each of these options. Worldwide travel money card or a forex card: This is one of the best options when you are travelling abroad. All you have to do is get a card from your bank or any bank that offers one. Most reputed banks in India offer these cards. The next step is to add funds to this card, making it a prepaid travel money card. It is secure and a good alternative to carrying cash, which is unsafe. Also, the pro of carrying a forex card is that you have a specific budget and you know exactly where your money/spending is. With cash, it becomes difficult to track spendings and you will have to match it with bills and receipts. With a forex card, you can also opt for travel ...
Post a Comment
Read more