Choosing the Best Travel Money Cards?

Published on 1 January 1970 by Raffick Marday

Choosing the Best Travel Money Cards?

Prepaid Review on the FairFX Anywhere Card has ZERO loading fees, ZERO ATM fees and ZERO exchange rates fees. The only charge is a 1.5% transaction fee, making it according to our research the cheapest travel money card available to UK residents.

Until fairly recently if you were going abroad, most people ordered travellers cheques. Travellers cheques were what many people used without question when they were on holiday – until banks made it easier to withdraw cash from foreign ATMs.

And thanks to the internet and Compare Prepaid money saving expert websites. The general public have become more aware of the significant differences in charges that different banks levy on cardholders.

However, one of the reasons that many banks charge high ATM and exchange rate fees is that they have high overheads. For example, most banks have lots of high street based branches which all cost a lot of money to maintain.

FairFX only sell via the internet, keeping costs to a minimum and passing over the savings to you on currency rates. The new FairFX Anywhere card is a cheaper alternative to buying travel currency.

Once you use our Compare Prepaid website you will soon see that the exchange rates at the various banks and currency bureaus that prepaid currency cards are the better option to exchanging your cash. Travel currency cards are relatively new but they are growing fast in popularity. This is due to their convenience and low costs. When you convert your currency at the bank you never get a good currency exchange rate as the banks mark up is set high. With a prepaid currency card, you have your currency exchange rate essentially locked in as they only update once a day or in some occasions provide live exchange rates. You also pay less when it comes to fees. Banks can charge fees when using a debit card from 2.75% to up to 4.75% and an additional fee to exchange currency. Currency cards do not charge transaction fees.

Benefits of Prepaid Travel Cards

Traveling is a memorable experience and it is incomplete without shopping. While traveling, one has various different options to make his purchases. But, one of the reliable options is a prepaid travel card.

Prepaid travel cards facilitate consumers with such magnificent benefits that other methods of payment do not. These are:

- Avoid Identity Theft -

One of the greatest benefits of using prepaid travel cards is that it prevents you from becoming a victim of identity theft. This is because; the thief will not be able to access your personal information, not even your name. This advantage will keep you and your money safe all through your travel.

- No Additional Foreign Charges -

Prepaid travel cards also help consumers to avoid foreign transaction charges. Unlike credit cards, you do not need to pay any fee while you make any transaction in another country. Therefore, prepaid travel cards make your journey not only memorable but cost-effective.

- Not Dependent on Credit -

Prepaid travel cards are least dependent on your credit score, so anyone can use these cards irrespective of his past credit history. For instance, in case of bankruptcy, you may not get a credit card to travel with but when you have a prepaid travel card, you can simply load money onto the card and use it anywhere.

- Easy on Your Budget

While using a prepaid travel card, it becomes much easier to plan out a trip. This is because of the fact that carrying a credit card unconsciously allows you to spend more and after spending too much, you realize it’s too late to compensate. But when you have a prepaid travel card, you are confined to the amount you have in your prepaid debit card.

By this way you are able to manage your funds and enjoy your travel as well in a better way!


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