Planning your next holiday - Save Using Prepaid Abroad

Published on 7 February 2017 by Raffick Marday

Whether you have plans to go abroad for a holiday or an official trip, it is always better to buy a travel money card. This article highlights certain points to be kept in mind before you buy these cards in the UK.

To get the best exchange rate, it is better to buy your travel money cards well in time. Buying your travel cards in haste will leave you with very little time to monitor the exchange rates prevailing in the market. You will also not get enough time to compare the companies providing these cards. Moreover, no time will be left to compare the various types of travel cards in order to buy the one that best suits your needs. So, avoid making last moment decisions in order to have a safe and economical trip.

Start keeping an eye on the movements in currency exchange rates well before your travel date. This will provide you with a lot of time to buy your prepaid travel money card at the best exchange rate possible. You can save a lot of your money by just being a little careful and informed about the movements in currency exchange market. The best time to buy your travel card is when the exchange rates are at a healthy level. That is the time when you should hit the currency exchange market and get the best deal.

The best possible market to buy your travel money card is an online market. Online market offers the best possible exchange rates. However, if you are in a hurry and do not have enough time to go in for internet purchase; high street is the next best option for you. Although high street exchange rates are not as lucrative as an online market, they make for a good option for those who are running short of time. Buying travel money from the airport is not a good option as the exchange rate offered it is not very good.

In either case, using a prepaid Visa card, or any other type of prepaid card for that matter, will have some costs associated with it. These types of cards are really not recommended for those with good credit and have a bank account with their own ATM service feature. If you plan to use your prepaid card regularly, or you get paid by having a balance added to a prepaid account, you will end up paying to access your own money. Other lesser known costs associated with the Gift Cards concern using the card for more than just a cash card or a debit card. If you use your card to pay bills, there is a bill payment fee. If you want to transfer a balance from your prepaid account to another account, you will be charged a fee.

Most of these charges don't exist with credit cards or bank accounts, so it is very evident that the use of prepaid Visa cards should be used sparingly and if no other option is available, as you get charged for almost any activity that you perform on your card.

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