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Why Forex Cards Are Safer Than Cash


How to carry funds while travelling abroad is a common question asked by travellers! You can read articles comparing Forex card, Cash, Traveller’s Cheque, Credit and Debit card, that provide enough understanding on how currency works on an international trip. Some explain in detail with respect to the cost and some with reference to convenience. But again, however you look at it, a Forex Card is the most convenient and safest way to carry money.
Planning an international trip involves finding the best airline tickets, hotel bookings and places to visit and see. So, a little heed to the benefits of prepaid forex card or multi-currency card may offer much food for thought.

Here are a few reasons why a Forex Card is the most inexpensive way to carry money while travelling abroad.

     1.    Forex Cards offer better exchange rates while loading currencies on your account than buying foreign currency as cash. Providing Forex Cards is the most economical option for banks.
    2.    By default, Forex Cards are loaded with foreign currency at locked-in exchange rates. Thus making it a safe option during fluctuation of currency value in the forex market. If you add 2000 USD in your Forex Card, the value in it will still remain 2000 USD regardless of any inconsistency in INR-USD currency exchange rate.
    3.    Forex cards are enabled with a chip and pin technology to safeguard the money in them. If in case a Forex Card is stolen or lost, it can be blocked at once and the balance in it will be frozen. And once the original is blocked, the secondary Forex Card can be activated and the frozen funds will be transferred to it.
    4.    Forex Cards can be used to carry multiple foreign currencies at the same time, anywhere across the globe. For example, banks such as Axis, issue Forex Cards that allow you to load up to 16 mainstream currencies such.
If you want know more Reasons Why Forex Cards are Safer than Cash, visit source blog.
Source: https://yourexpertguide.wordpress.com/2019/03/14/5-reasons-why-forex-cards-are-safer-than-cash/



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